What's wrong over at Oly ...
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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