Reporting post the March fin review for the 2006 figures was followed by this report in May. After a fairly lacklustre few years Olympus is on the move with the second phase of the four-thirds experiment
http://www.mcall.com/business/local/all-olympus.5840950may10,0,3647142.story?coll=all-businesslocal-hed
Olympus forecasts growth
It predicts strength in single-lens reflex cameras, medical gear.
By Pavel Alpeyev Of Bloomberg News
Olympus Corp., the world's biggest maker of endoscopes, expects profit will rise to the highest level ever for a second straight year, on demand for medical gear and digital cameras.
Net income will probably increase to 50 billion yen or $417 million in the year ending March 2008, from a record 47.8 billion yen a year earlier, the company said Wednesday. Sales may rise 8.3 percent to 1.15 trillion yen, or $9.5 billion using Wednesday afternoon's exchange rate.
The company's shares reached record levels on the Nikkei stock exchange in Japan.
Olympus America, the North American operations of Olympus, is headquartered in Upper Saucon Township. The company employs about 650 people here.
The company is focusing on medical equipment and higher-margin single-lens reflex cameras to surpass last year's earnings as Olympus faces mounting competition from Matsushita Electric Industrial Co. and Sony Corp. in digital cameras. Revenue from the main medical gear business will climb 7.5 percent and single-lens reflex camera shipments will probably double this year, Olympus said.
The global market for SLR cameras will increase about 83 percent to 10.5 million units this year and the number of competitors in the industry will continue to be limited, Hisashi Moriyama, an analyst at JP Morgan Securities Asia, wrote in a report. He has an 'overweight' rating on the company.
Olympus, based in Tokyo, forecast sales from the visual business, which includes cameras and lenses, will gain 12 percent to 330 billion yen, or $2.7 billion, in the year ending next March. It will account for 29 percent of total revenue.
Operating profit in the unit will probably decline 8.1 percent to 25 billion yen, or $208.2 million, as the company increases spending on the development and promotion of three new SLR models.
Shipments of all cameras may rise 20 percent to 11.5 million units in the year to March 2008, Olympus said. SLR shipments will probably jump to 500,000 units this year, the company said.
For the year ended March 31, net income jumped 67 percent and revenue increased 8.6 percent to 1.06 trillion yen, or $8.8 billion.
--
Riley
not everything that counts, can be counted