Olympus Announces to Sell Camera Business
Olympus Announces to Sell Camera Business
2021-06-24 17:32

On June 24, it was reported that Olympus officially announced today that it had signed a letter of intent to transfer the imaging business with Japanese Industrial Partner Corporation (JIP), and both parties would complete the business transfer by the end of 2020. That is to say, Olympus's camera business will be sold to JIP, and the details of business transfer have not yet been announced.

Interestingly, in March 2019, Olympus President Takeuchi Kangxiong also said in a media interview that he would not sell the camera business.

Founded in 1919, Olympus is headquartered in Tokyo, Japan. Its main products include digital cameras/lenses, microscopes, endoscopes, etc. However, public consumers know more about it in the camera field, which is also a legend in the minds of photography enthusiasts. In February this year, Olympus also launched a high-end M43 no reflection camera OM-D E-M1 Mark III.

In recent years, Olympus's image business has continued to lose money, and there have been many rumors that the image business will be sold. At present, its operating income mainly relies on microscopes and endoscopes.



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