The Olympus camera division returned to operating profit for the three months to 30 June, amid rising sales and cost cuts


Olympus’ Imaging Systems Business notched up an operating profit of 1.1 billion yen (around £5.7m), compared to a 1.9 billion yen loss in the same quarter in 2014.

Mirrorless camera sales rose 26% compared to the same period the year before, boosted by strong sales of CSCs such as the Olympus OM-D E-M5 Mark II and Pen models.

Net sales at Olympus’s Imaging Systems Business grew 15.9% year-on-year, to 21.5 billion yen.

Earlier this year, Olympus’ camera business reported an operating loss of 13.9 billion yen for the year to 31 March 2015, a 4.7 billion higher loss than a year earlier.

Meanwhile, compact camera sales revenue for the quarter ended 30 June 2015 remained almost unchanged due to a shift towards high-value added models, despite an overall 11% drop in demand for compacts.