Well, here's something unexpected... Olympus might be looking at either exiting entirely or at least scaling back from the digital camera market. This follows the news that investor Robert Hale has been added to the board of directors. The move from China to Vietnam for their camera manufacturing seems to be a part of the financial concerns.
Translated via Google:
Translated via Google:
The digital camera business is low profit, and in the April - December quarter of 18 the operating loss of the business fell to a loss of 13.1 billion yen (a profit of 1.5 billion yen in the same period last year). In the stock market, the view that "Value act that participates in management may suggest to withdraw or shrink from digital camera business" is expanding. Will Olympus's "adventure" that makes storyline shareholders participate in management really succeed?
オリンパス、“物言う”外資系ファンドを経営に参画させるウルトラCで株価急騰
オリンパスは4月1日付で竹内康雄副社長執行役員兼最高財務責任者(CFO)が社長兼最高経営責任者(CEO)に就任する。笹宏行社長は代表権のない取締役に退く。社長交...
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