Olympus camera business returns to profit
August 6, 2015
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.