What's wrong over at Oly ...

Started Feb 14, 2013 | Discussions thread
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Re: What's wrong over at Oly ...
In reply to baxters, Feb 14, 2013

Actually the numbers I thought were interesting from the 3Q results.

At 3Q results Olympus forecast for the full year to March 2013, the camera division would make (yen) 110bn of sales and a loss of 16bn.

6m ago at 1Q results, Olympus forecast that the camera division would make (yen) 149bn of sales and 1bn of profit.

So in 6 months they have revised down their forecast for sales by 30%. And people wonder why inventories have risen.

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