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Olympus financial report shows imaging business increased both revenue and profit


Today Olympus released the full financial reports (see them here). The company as a whole and the imaging business sector reported both increase in revenue and profit for the last 9 months:

Sales growth of 7% for mirrorless cameras centered on OM-D series introduced in the 2H of last fiscal year contributed to overall higher revenue in the Imaging Business.

The only bad note is that in Q3 Olympus had to report this:

Overall Imaging Business revenue down in third-quarter due to lower sales of mirrorless cameras

But that’s understandable as the majority of camera revenues were generated by the E-m1II during the first half of the year. Still Olympus had to revise the forecast for 2018:

Any thoughts on this?

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