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Just breaking: Olympus Corporate Performance

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Thanks!

This agrees with what I've already heard.

But I'm not certain I'd like Olympus to be the number one in DSLR market. Of course, it depends on whether we'd see the increase in faulty copies of cameras and lenses...
 
Nice report. Thanks for all the work. Can't imagine Olympus ever being #1 in sales. Not good enough in marketing, Don't have the capacity to even make as many cameras and accessories as Canon, and doubt they would be willing to make some of the things that the masses require. Look at the quality of the Canon Rebel kit lens. Nah, we don't want that kind of stuff.
thanks
--
barondla
 
I'm still looking at sites trying to get a final determinant. I have definite evidence that some organizations (government) use the beginning year as the FY. For example, here’s an official Prefectural site (for Shiga-ken) that announces “the holding of a congress for mayors of cities and towns in Shiga Prefecture for FYHeisei 19 (2007).

Date: May 9, Heisei 19 (era or reign date; Heisei 19 = 2007)
(place, etc.listed). .

“Purpose: At the start of this new fiscal year, to aim for exchange of opinions among leaders of the prefecture and its cities and towns. . .”

Since this meeting is being held in May, it makes it clear that FY 2007 begins from April 2007.

The TechOn site (owned by Nikkei BP) has numerous pages that follow the same general pattern. For example this Japanese:

オリンパスは，2006年度（2006年4月～2007年3月）の連結決算の発表会において，

Means, "In Olympus' joint accounting statement for FY2006 (April 2006 to March 2007). . ."

So this site also believes that Olympus' Fiscal Year is labeled with the beginning year. (TechOne has many more accounting statements for numerous J companies listed this way. For example it has an article about Toyota titled

トヨタの2006年度決算 (Toyota's FY2006 accounting statement), and with the following info:

DATE 2007/05/09 19:48

　トヨタ自動車は，2007年3月期の連結決算を発表した。).

"Toyota Auto has released its March, 2007 term joint accounting statement."

So the term ending March 2007 is part of FY2006.

TechOn uses the same format for Nikon:

ニコンは，2005年度（2005年4月～2006年3月）の
"Nikon's accounting statement for FY2005 (April 2005 to March 2006). . ."

I haven't found an official Nikon site that uses this format (none of the accounting statements I've been able to find use a specific FY date format), so I can't be sure about their style.

--
'And only the stump, or fishy part of him remained'

http://www2.gol.com/users/nhavens
A Contemplative Companion to Fujino Township
 
Finally found an official Nikon site with the following:

株式会社ニコンは、このたび2006年度（2007年3月期）から2008年度（2009年3月期）までの3年間の中期経営計画を策定しましたのでお知らせいたします。

"Nikon KK announces the completion of a 3-year interim business plan for FY2006 (term ending March 2007), through FY2008 (term ending March 2009). . ."

So it looks like they're in agreement with what I said earlier.

--
'And only the stump, or fishy part of him remained'

http://www2.gol.com/users/nhavens
A Contemplative Companion to Fujino Township
 
Thanks very much for this info.

Pity that the chairman didnt explain what happened to the third digital SLR they apparently told the Japanese financial press in February that they would be shipping this spring. Mind you, since they now repeat that the E510 is shipping in July, I am learning more and more about how different the seasons are in Japan! Spring now extends into July and September. Could this be the result of global warming or possibly an organisation that is not particularly smart at meeting deadlines!
Cheers
David

--

http://www.alamy.com/stock-photography-search-results.asp?qt=david+pledger&lic=6&lic=1
 
Hokuto said:
Just-breaking story from DCWatch
http://dc.watch.impress.co.jp/cda/other/2007/05/09/6212.html
Click to expand...
Thanks Hokuto!
Hokuto said:
In the imaging division, in addition to good results from compact digital cameras, dSLRs are expected to double their performance from last year year, with shipping figures around 500,000, producing sales up 12.1% from last year to 330 billion yen.

The sales performance for the imaging division which includes digital cameras, was up 15.6% to 294.3 billion yen, with operating profits greatly up from last year’s 4.8 billion to this year’s 27.2 billion yen.

While the average selling prices throughout the overall market fell by 7%, ours rose 3%.
Click to expand...
That figure of 500,000 has been stated before. Viewed as a doubling from the previous year (2006-2007 to be unambiguous!), it sounds ambitious, but the far lower expected revenue growth of 12.1% helps to make it more reasonable: average unit price will be far lower, reflecting the fact that last year's sales were weak in the higher volume, lower priced area due to limited production of the E-400. Combined with operating profits jumping more than revenues, and average selling prices rising against a market trend downwards, this suggests that Olympus might have adapted to limited production capacity by setting higher than average mark-ups on DSLR's, to match demand to that limited supply.

To put it another way, 500,000 is a fair extrapolation from previous year's trends, with 2006-2007 a slump due to the E-400 situation.
Hokuto said:
?kubo Masahiro, serving as president of Olympus Imaging KK, said, “We will aim for a minimum of 500,000 units in dSLRs. If possible, we want to aim for 600-700,000. Toward that goal we must provide fully for increasing manufacturing capability.
Click to expand...
This is the first time I have seen that 600-700,000, so they are getting more optimistic over recent months. Maybe early signs on the E-410 are very good. The talk of manufacturing capability as a factor seems a good sign, confirming that Olympus probably could have sold far more than 250,000 in 2006-2007 with greater manufacturing capability.

P. S. The E-410 one lens kit has arrived in the US, following the two lens kit of last week: B&H has both listed as In Stock.
--

I want all my lenses to be f/4 or brighter (for good AF speed) and adequately affordable and portable.

Higher usable ISO from bigger pixels is useless if it forces me to use longer, slower telephoto lenses to get the same resolution.
 
Hokuto said:
Just-breaking story from DCWatch
http://dc.watch.impress.co.jp/cda/other/2007/05/09/6212.html

(Translator’s note: I’ve whizzed through this so I may be missing
something, but I think the author made mistakes regarding the
dates. Fiscal year 2007 runs from April 2007-March 2008, but here
the author is talking about “FY2007” but expressing it as having
ended in March 2007, in other words it seems he’s talking about
FY2006. This is reflected in Kikugawa’s expression “First year in
our ‘06 basic plan”). As a result, I have included in square
brackets my interpretation of the right years involved when I feel
they’re wrong).
Click to expand...
[snip]
Hokuto said:
"and from autumn, the E-1’s successor will be introduced.”
Click to expand...
[\snip]

Introduced or released?
--
Troll Whisperer
Bill Turner

 
Well, the word he used was tounyuu 投入 which means literally to "throw into" or introduce something to a situation. In short, it's ambiguous, but I've got to believe he meant "to put on sale" and certainly not merely "announce".

--
'And only the stump, or fishy part of him remained'

http://www2.gol.com/users/nhavens
A Contemplative Companion to Fujino Township
 
Thanks Hokuto. I was leaning toward a translation difference as opposed to another delay. I appreciate the OP and your response.
--
Troll Whisperer
Bill Turner

 
I just got their washer/dryer machine combo and I am very happy. I have seen LG products before. In my eyes they have the same clout as Samsung (which is a good thing).
  • Raist
BamaPanda said:
Very interesting article. The thought that hit me after reading
this ..."Where does the US factor into Oly's plans to part of the
big 3?"
This country is so fickle - following fads and ads, and I wonder if
Oly would have to sell part of it's creative soul to satisfy the
materialistic, jump to the newest thing type of environment that
the media fosters here.
I work for LG. One thing they planned in regard to the US was to
become strong worldwide before they came to the states (in 2002).
It seems to have worked, as in a relatively short time they have
climbed to being included in the top 5 in sales of flat panels, and
they make more flat panels than any other mfg.
Point is, the US market can kill a company that has limited
resources. LG gained strength worldwide before coming to this dog
eat dog, low price, low margin market. Could Oly benefit from
something like this, or are they already doing this to a degree?
--
'We all have it, but how do we use it?'
Click to expand...
--
Raist3d
Tools/Gui Programmer - vid games industry, photography student
 
The point is the term is vague because fiscal years do not agree with calendar years (though if you believe Wikipedia all of Australia uses the calendar as the fiscal year, making life easier for everyone). I work for a non-profit research institute that bases the fiscal year on what cann only be described as the academic year, meaning July-June, with the shorthand FYxxxx has xxxx as the ENDING year. It's never clear not is it standardized, so it is helpful when you have context, like the sentences you included above, which clarify just what a company means when they throw out a single year as their fiscal year instead of the much clearer and ought to be used more often for outside the company press statements FY xxxx-xxxx.
 
DriftlessMatters said:
When I first heard of Lucky Goldstar, I chuckled at what sounded
like a silly name. Their strategy however was anything but silly!
Click to expand...
I repaired my Toshiba HDD DVR by replacing its DVD writer with an off-the-shelf LG DVD burner from Best Buy. It would have cost me over $300 to get the "correct" replacement drive. So I think LG is plenty lucky. :)

In table tennis there is a pretty well known company called "Double Happiness." I wonder if subtleties are lost in the translation or if name choices simply have different cultural roots/meanings?

http://en.wikipedia.org/wiki/LG_Group
http://chineseculture.about.com/library/weekly/aa120799a.htm
http://www.dhs-sports.com/pages/index.htm

--
Jay Turberville
http://www.jayandwanda.com
 
i think from memory the reporting period for Oly is March
their fiscal yr would be before that then
--
Riley

not all that counts, can be counted
 
Norm take a look here
these are active stats for the market
http://finance.google.com/finance?q=TYO:7733

http:
finance.google.com/finance?q=TYO:7733
(the broken one in case it gets blocked)
--
Riley

not all that counts, can be counted
 
Olympus profit skyrockets 67%

http:
search.japantimes.co.jp/cgi-bin/nb20070509a9.html

Olympus Corp. said Tuesday its group net profit shot up 67.3 percent to 47.80 billion yen in fiscal 2006 on good sales of digital cameras and medical checkup equipment such as endoscopes and gastrointestinal videoscopes.

In a group earnings report for the year to March 31, the company booked an 85.0 percent rise in pretax profit to 76.23 billion yen on an 8.6 percent increase in sales to 1.06 trillion yen.

The company said the strong sales were due to the popularity of high-end single-lens reflex digital cameras and more affordable compact digital cameras, especially water-proof models.

Strong sales of confocal laser scanning microscopes, especially in Europe, boosted sales for the life science division
--
Riley

not all that counts, can be counted
 
I've written about my Hyundai camera before. But it was the only korean 'klunker' I've had in 20 - 25 years or so. And even it had an agressively audacious charm that has helped me remember the rough spots with fondness. (and those rough spots were ROUGH!)
--
Never trust a man who spells the word 'cheese' with a 'z'
 
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