Notice of Suspension:
Influenced by such macroeconomic factors as the shrinking camera market worldwide and the changes in China's socio-economic environment, the company's business prospects are grim at present, and the group has to adjust its internal business.
Komatsu Xiang, the top leader of Olympus (Shenzhen), also wrote in the "Notice to Some Employees":
Since 2008, with the popularity of smart phones, the market size of digital cameras has gradually shrunk, and the operating rate of Shenzhen factory, as the main factory, has dropped to 20% of the peak period. As a new business and a pillar of income generation, the export business also entered the time of product upgrading along with technological innovation, and many models ended production in 2017. In addition, it has been 24 years since the Shenzhen factory was put into production. At present, the equipment is gradually aging, and there is no room for development of export business, so the decision to stop production has been made.
