{"id":75017,"date":"2016-05-03T11:48:57","date_gmt":"2016-05-03T10:48:57","guid":{"rendered":"http:\/\/amateurphotographer.co.uk\/?p=75017"},"modified":"2016-05-03T13:25:31","modified_gmt":"2016-05-03T12:25:31","slug":"olympus-cuts-camera-division-losses-82","status":"publish","type":"post","link":"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/olympus-cuts-camera-division-losses-82\/","title":{"rendered":"Olympus cuts camera division losses by 82%"},"content":{"rendered":"

Olympus\u2019s Imaging Systems Business cut its year-on-year losses from 11,710 million yen (\u00a375.5m), to 2,064 million, yen (\u00a313.3m) for the 12 months up to 31 March 2016.<\/p>\n

The company attributed the \u2018massive reduction\u2019 to a fall in expenses following restructuring.<\/p>\n

Mirrorless camera sales proved strong over the 12 months.<\/p>\n

Sales of Olympus compact system cameras rose 5%, fuelled by OM-D cameras, the recently announced Pen-F<\/a>, and M Zuiko Digital Pro series lenses.<\/p>\n

\"olympusUnsurprisingly, compact camera sales were down 15% as Olympus continued to limit the number of units available in response to \u2018market shrinkage\u2019.<\/p>\n

\u2018Consequently, sales in the Imaging Systems Business, overall, decreased year on year,\u2019 the company explained in its latest financial statements<\/a>.<\/p>\n

The full-year results mark an improvement over the last three months of 2015 when mirrorless camera sales dropped 6%<\/a>, year-on-year, and sales of compact cameras plunged 22%.<\/p>\n

Furthermore, year-on-year, compact system camera sales declined 11% in the first quarter of 2016.<\/p>\n","protected":false},"excerpt":{"rendered":"

Olympus has slashed operating losses in its camera division by 82% and reported a rise in sales of compact system cameras.<\/p>\n","protected":false},"author":324,"featured_media":72036,"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-75017","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-photo-news"],"yoast_head":"\nOlympus cuts camera division losses by 82% - Amateur Photographer<\/title>\n<meta name=\"description\" content=\"Olympus has slashed operating losses in its camera division by 82% and reported a rise in sales of compact system cameras.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/olympus-cuts-camera-division-losses-82\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Olympus cuts camera division losses by 82%\" \/>\n<meta property=\"og:description\" content=\"Olympus has slashed operating losses in its camera division by 82% and reported a rise in sales of compact system cameras.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/olympus-cuts-camera-division-losses-82\/\" \/>\n<meta property=\"og:site_name\" content=\"Amateur Photographer\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/Amateur.photographer.magazine\" \/>\n<meta property=\"article:published_time\" content=\"2016-05-03T10:48:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-05-03T12:25:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/other.kelsey.host\/amateurphotographer\/wp-content\/uploads\/sites\/16\/2016\/03\/Olympus-Pen-F-top-plate-630x420.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"630\" \/>\n\t<meta property=\"og:image:height\" content=\"420\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Megan Graye\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AP_Magazine\" \/>\n<meta name=\"twitter:site\" content=\"@AP_Magazine\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Megan Graye\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/olympus-cuts-camera-division-losses-82\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/olympus-cuts-camera-division-losses-82\/\"},\"author\":{\"name\":\"Megan Graye\",\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/#\/schema\/person\/09a37c0ec6db00d983eb2045e99ff2f1\"},\"headline\":\"Olympus cuts camera division losses by 82%\",\"datePublished\":\"2016-05-03T10:48:57+00:00\",\"dateModified\":\"2016-05-03T12:25:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/olympus-cuts-camera-division-losses-82\/\"},\"wordCount\":149,\"commentCount\":1,\"image\":{\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/olympus-cuts-camera-division-losses-82\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/other.kelsey.host\/amateurphotographer\/wp-content\/uploads\/sites\/16\/2016\/03\/Olympus-Pen-F-top-plate-630x420.jpg\",\"articleSection\":[\"Latest news\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/olympus-cuts-camera-division-losses-82\/\",\"url\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/olympus-cuts-camera-division-losses-82\/\",\"name\":\"Olympus cuts camera division losses by 82% - 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