Olympus 2019 financial report released: Imaging segment with -19% revenue and 17,1 billion YEN loss….but forecast is still optimistic!

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Olympus released the full 2019 fiscal year report. And while the company as a whole did well the Imaging Segment suffered some severe losses:

-19% revenue and 17,1 bilion YEN loss

But there is a big one time cost included in these losses which should bring some benefits in the next year: The production has been moved from China to Vietnam. That’s why the 2020 forecast is rather positive. For the fiscal year 2020 Olympus expects:

“Breakeven to be achieved in the latter half of FY2020 due to production transfer to Vietnam and the launch of new products”

See the Imaging forecast here:

And this is the forecast for the full company:

Indeed those are not good results, but the company seems to be confident they can do a lot better this year! Now bring on the new E-M5III and other new MFT cameras and lenses :)

 

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