Olympus financial report: Camera Sales down by 30%

Olympus released their full Q2 financial reports. And the news aren’t good:

Sales down close to 30% YoY due to market contraction and impacts of Kumamoto earthquake

This comes as no surprise as Olympus did forecast this in Q1 after the Kumamoto earthquake:

Sales in line with forecasts announced in 1Q despite difficult operating environment thanks to strong sales of existing mainstay mirrorless camera models

Still Olympus revised upwards the forecast for Q3: They expect to +3% in sales and +1% in income compared to the previous forecast