February 10, 2006 – Olympus has officially reported its results for the 3rd quarter which ended for them on December 31, 2005.
While the overall forecast for the fiscal year remains strong, the imaging sector was down 27% for the 3rd quarter in comparison to the same quarter from last year. In response, Olympus has explained that it was forced to streamline production as it moved to a concentration on their digital SLR line, with less emphasis on compact digital cameras and point-and-shoots.
Olympus has maintained their overall forecast for the fiscal year, staying with the same prediction they made in their November report of a ¥970 billion net sales and a net income of ¥27 billion, only increasing their operating income projection slightly from ¥56 billion to ¥58 billion.
