Olympus responds to rumours it is closing its Imaging business

Company plans to grow its profitability alongside medical solutions business

Olympus camera rumours 2016

Olympus has addressed the rumours it is planning to close its Imaging business, stating it intends to continue improving its profitability.

The rumours, which first surfaced earlier this year in Business Journal Japan, were recently reignited when it was suggested that Olympus could close its camera business within eight months.

However, the company has issued a statement to the press stating that it plans to keep working on its Imaging business. Though its wording suggests a closer relationship with Olympus’s Medical and Scientific Solutions business.

Speaking to Sina Finance, Olympus’s official statement reads:

“The Imaging business has always been the driving force of technology, including imaging technology and mass production technology, and has made tremendous contributions to the Medical and Scientific Solutions businesses. As stated in the new business strategy, since the Imaging business and the Scientific Solutions business are important businesses supporting the group, we will continue to work on improving the profitability and efficiency of these two business segments.

“The business plan for the next fiscal year is designed to ensure the development of the Scientific Solutions business and the stability of the Imaging business and to focus on the best market for each product portfolio. Detailed information about these business plans will be made available in the next quarter’s earnings report.”

Via Photo Rumors

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