Olympus Q1 financial report: Revenue down 27% but forecast still positive
Olympus published the new Q1 financial report (files here). The company as a whole is doing well but the Imaging Division still struggles. Q1 revenue and profit are negative and Olympus says this is because:
1) No new products released due the restructuring
2) sever business environment
Still forecast says their revenue on a Year to Year basis will go up by 3%. But they still expect a -7% in profit