Olympus has released its Q2 results for the financial year ending
March 2016, showing some positive growth in OM-D and PEN series camera
sales in Japan and Europe. Net sales for the imaging systems group
amounted to ¥41.5bn (about $385 million) for the first half of the year,
a 10.2% increase year-on-year (YOY). The second quarter alone amounted
to a slightly less impressive 5% growth in net sales YOY. Compared to
last year's 6-month operating income loss of ¥3.7bn, a first-half ¥20
million operating income is good news, though only equals about
$160,000.
The company attributes the turnaround to increased OM-D sales in
Japan and Europe and a boost from sales of premium M.Zuiko Pro lenses. A
continued reduction in compact camera models has helped curb the damage
done by a quickly shrinking market. Olympus' net sales of compacts in
the first half are down 11% compared to last year, while mirrorless
sales are up 22%.
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