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Olympus Denies Rumors of Sale of Its Imaging Business
By Ian Bongso-Seldrup, December 1, 2019 @ 08:30 AM (EST)
Source: Photofocus


When Bloomberg recently published an article after interviewing Olympus CEO Yasuo Takeuchi, it was implied that the company wasn’t opposed to selling off its Imaging division—naturally setting off a storm of speculation. After reaching out to Olympus, Photofocus was provided the following statement:

As announced in our Corporate Strategy, Olympus is further focusing on our Medical business and follows the strong ambition for all of our businesses to be profitable and contribute to our overall business objectives. In that regard, we are continuously evaluating our overall portfolio, as announced in our Corporate Strategy on November 6, 2019.

For Imaging, however, we currently have no plans to sell the business. The task is therefore to stabilize and strengthen its market position. To achieve that, we are actively running marketing activities, and have already established a clear and exciting product roadmap for the coming months and years. We are actively pursuing future technology developments that will enhance photography and video for creators. Furthermore, Imaging is and will continue to be an important technology and innovation driver for our other businesses.

Our Imaging business features a unique product portfolio. Olympus products are compact and lightweight, feature market leading image stabilization and autofocus. Many of our high-end products are also splash-proof. No other product offers customers this level of optical excellence paired with the highest mobility.

Just last month we launched our new OM-D E-M5 Mark III – a light yet feature packed addition to our semi-pro camera portfolio, inheriting pro-features like a high precision AF from our OM-D E-M1 Mark II model. Furthermore, we have announced the development of M.ZUIKO DIGITAL ED 150-400mm f/4.5 TC1.25x IS PRO earlier this year to be launched by next year. Customers can follow our break-free campaign on various channels and worldwide.

So, it seems clear that Olympus sees value in its Imaging division, even if it’s more of an “innovation driver” as opposed to a major revenue driver. We can only hope that in the face of plummeting sales of cameras across the industry, Olympus—and other camera companies—continue to take that view. 

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