Printer Friendly

Olympus expects 32 bil. yen group net loss for FY 2011.

TOKYO, Feb. 13 Kyodo

Olympus Corp. said Monday it expects to post a group net loss of 32 billion yen for the current fiscal year through March, a reversal from 3.87 billion yen in profit the previous year, due mainly to an impairment loss in imaging and other businesses.

The company said it expects to post a group operating profit of 36 billion yen, down from a profit of 38.38 billion yen the previous year, on sales of 854 billion yen, up from 847 billion yen, as its business was not much affected by the revelation of a coverup of past investment losses, the company said.

It said it will not pay a full-year dividend.

For the April-December period, the camera and medical equipment maker posted a group net loss of 33.09 billion yen, a reversal from a profit of 5.84 billion yen a year earlier, and an operating profit of 25.96 billion yen, down 19.0 percent.

Its sales edged up 0.1 percent from a year earlier to 624.65 billion yen on favorable sales of its digital cameras as well as sales growth in the information communication business amid expansion of smartphone demand.
COPYRIGHT 2012 Kyodo News International, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2012 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Japan Weekly Monitor
Article Type:Financial report
Date:Feb 13, 2012
Words:201
Previous Article:Stock futures prices.
Next Article:Key bond yield flat on wait-and-see mood.

Terms of use | Copyright © 2015 Farlex, Inc. | Feedback | For webmasters