{"id":70104,"date":"2016-02-09T11:49:46","date_gmt":"2016-02-09T11:49:46","guid":{"rendered":"http:\/\/amateurphotographer.co.uk\/?p=70104"},"modified":"2016-02-09T12:33:21","modified_gmt":"2016-02-09T12:33:21","slug":"rise-in-olympus-mirrorless-camera-sales-helps-turn-loss-into-profit","status":"publish","type":"post","link":"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/rise-in-olympus-mirrorless-camera-sales-helps-turn-loss-into-profit\/","title":{"rendered":"The rise of Olympus mirrorless cameras helps turn loss into profit (update)"},"content":{"rendered":"

Olympus\u2019s imaging business sales rose on the back of a \u2018strong performance of mirrorless cameras centred on the OM-D series in Japan and Europe\u2019, the firm said in its latest financial statements<\/a>.<\/p>\n

The firm turned an operating loss of 4.9 billion yen from April-December 2014, to a profit of 99 million yen (around \u00a3595,000) a year later, with a 2.3% growth in net sales.<\/p>\n

Last year, the Olympus camera business reported an operating loss <\/a>of 13.9 billion yen for the year to 31 March 2015.<\/p>\n

The camera division returned to operating profit in the three months to 30 June 2015, amid rising sales and cost cuts.<\/p>\n

However, mirrorless sales dropped 6% from October-December 2015 year-on-year, and sales of compact cameras fell 22%.<\/p>\n

Commenting on the performance of its Imaging Systems Business \u2013 from April-December 2015 compared to the same period in 2014 \u2013 the firm added: \u2018In the mirrorless interchangeable-lens camera field, mainly the OM-D series increased sales in Japan and Europe, with sales also boosted by a contribution from the high-performance interchangeable lenses “M.Zuiko Digital Pro” series, with additions of new models bringing the line-up to four models.<\/p>\n

\u2018In the compact camera field, the company continued to limit the number of units sold in response to market shrinkage, however sales in the Imaging Systems Business increased year on year.\u2019<\/p>\n

Olympus added: \u2018The Imaging Systems Business\u2019s operating income\/loss improved compared with the same period of the previous fiscal year, mainly due to the increase in sales and progress in reducing expenses.\u2019<\/p>\n","protected":false},"excerpt":{"rendered":"

An 11% rise in mirrorless camera sales helped the Olympus imaging division turn a \u00a330m operating loss into a profit in the nine months to 31 December 2015. <\/p>\n","protected":false},"author":324,"featured_media":52998,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[39],"tags":[],"product-category":[],"class_list":["post-70104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-photo-news"],"yoast_head":"\nThe rise of Olympus mirrorless cameras helps turn loss into profit (update)<\/title>\n<meta name=\"description\" content=\"An 11% rise in mirrorless camera sales helped the Olympus imaging division turn a \u00a330m operating loss into a profit in the nine months to 31 December 2015.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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