New Amazon EUROPE Black Friday deals

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The European Black Friday deals are now live at Amazon DE, Amazon UK, Amazon FR, Amazon IT, Amazon ES, Amazon NL. Today we got NEW Sony deals in some of these stores:

Amazon Germany:

Amazon UK:

  • Save big on Sandisk SD cards and storage at Amazon UK.

Amazon IT:

Amazon ES:

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Amazon has started their Black Friday deals

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The Back Friday deals action has now officially started on this Amazon US page (Click here). Similar pages can be found in Europe at Amazon DE, Amazon UK, Amazon FR, Amazon IT, Amazon ES, Amazon NL.

Those are all Black Friday deals you can access now:

 

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Olympus publishes the new financial report: Imaging Business lost more money than expected

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Olympus published the latest financial report: There are two news:

  • In the Imaging Business Olympus lost $500 million more than previously forecast
  • The Imaging Business is now marked as “discontinued operation”

Our reader Mistral made a more deep analysis for us:

This business is soon to be divested and therefore accounted for as ‘discontinued operation’ (= not consolidated anymore) but they are still reporting the corresponding figures.
They recorded an operating loss of ¥46bn in Q2 (July – September) and ¥48.6bn in H1 (April – September) and forecast a total operating loss of ¥53bn ($500m) until divesting the business to JIP (thus meaning an additional ¥4.4bn in Q3).
See https://www.olympus-global.com/ir/data/brief/pdf/Olympus_Q1FY2021_Presentation_E.pdf page 6 and page 25-26 for Q2 and H1 (‘profit from discontinued operation’) and page 14-15 for the FY2021 forecast.
See also https://www.olympus-global.com/ir/data/brief/pdf/Olympus_Q2FY2021_Supplemental_E.pdf Page 7 gives the same information plus additional details on investments, R&D, revenue by geographical zone and unit sales. Bottom of page 2 gives information on headcount.

All these pieces of information point at a severe downsize before the divestment.

  •  Headcount went down 30% in 6 months between 31 March 2020 (4,270 employees) and 30 September 2020 (3,031 employees). In Japan, less than 400 employees remain in the Imaging business.
  • Between the first half of FY2020 and the first half of FY2021, capital expenditures (= investments) fell by half and R&D expenditures by 30%.
Q3 (October – December) business forecast is gloomy too:
  • Revenue: ¥6.3bn, down more than 50% in comparison to the same quarter last year after -43% in Q1 and -26% in Q2 and in spite of the global economy recovering from Covid-19, in particular in Asia.
  • Operating loss: ¥4.5bn = 72% of revenue, even though all one-off costs should have been recorded in the Q2 accounts.
I have trouble seeing how JIP could turn that thing around (make it profitable again) without deeply modifying the business model…
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Here are all current Black Friday 2020 deals from Olympus, Panasonic, Laowa, Apple, Peakdesign…

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Those are all Black Friday deals you can access now:

 

 

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