Risk of Rapid Contraction in the Digital Camera Market
First written in FY2016. 7 of 12 entries say "Worsened", first in FY2018. Latest entry: FY2021-Q1.
Olympus moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2019: 5 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- FY2021-Q1WorsenedAnnual report
「The Imaging Business recorded consolidated revenue of ¥6,024 million, down 40.9% year on year, and an operating loss of ¥2,746 million, compared with an operating loss of ¥2,341 million in the same period of the previous year. In addition to a decline in the number of visitors to physical stores due to the impact of COVID-19, sales in the Imaging Business declined amid a challenging business environment resulting from the rise of smartphones and other factors.」
The contraction of the digital camera market and intensifying competition, compounded by a decline in physical-store traffic due to the pandemic, became apparent as a 40.9% decline in Imaging Business revenue and widening losses. - FY2020WorsenedAnnual report
「The Imaging Business recorded operating losses for 3 consecutive fiscal years through the fiscal year ended March 2020.」
The risk of contraction in the digital camera market continued to become apparent in the form of operating losses in the Imaging Business for 3 consecutive fiscal years. - FY2020-Q2WorsenedAnnual report
「The imaging business recorded consolidated revenue of ¥21,302 million, down 17.0% year on year, and an operating loss of ¥5,697 million, compared with an operating loss of ¥9,226 million in the same period of the previous year. Revenue declined due to intensifying competition in the mirrorless market while the business awaited the introduction of new products, among other factors.」
Intensifying competition in the mirrorless-camera market and conditions ahead of the launch of new products became apparent as a 17.0% decline in Imaging Business revenue and an operating loss. - FY2020-Q1WorsenedAnnual report
「In addition to the impending launch of new products, sales in the Imaging Business declined due in part to deteriorating market conditions for mirrorless cameras.」
The continued deterioration in market conditions for mirrorless cameras, together with conditions ahead of the launch of new products, became apparent as a 26.7% decline in Imaging Business revenue. - FY2019WorsenedAnnual report
「Operating profit in the Imaging business turned negative due to lower revenue, costs associated with the reorganization of production sites and the recording of ¥1.990 billion in impairment losses, among other factors.」
In addition to intensifying competition and supply constraints, costs associated with the reorganization of production sites and an impairment loss of ¥1,990 million were incurred, and the deterioration of the Imaging Business became fully apparent for the full fiscal year. - FY2019-Q3WorsenedAnnual report
「Revenue in the Imaging business decreased, partly because intensified competition in the mirrorless camera market and the reorganization of production sites constrained the supply of certain existing products and the number of new products. Operating profit in the Imaging business turned negative due to lower revenue, costs associated with the reorganization of production sites and the recording of ¥1.345 billion in impairment losses.」
Intensified competition in the mirrorless camera market and constraints on supply and the number of new products resulting from production restructuring became evident, leading to lower revenue, an operating loss and impairment losses. - FY2018WorsenedAnnual report
「However, the digital camera market has contracted rapidly with the spread of smartphones, significantly reducing OSZ's operating rate. In addition, 26 years have passed since its establishment and its facilities have aged, making it extremely difficult to maintain OSZ's competitiveness.」
The rapid market contraction driven by the spread of smartphones, lower facility utilization and aging equipment have become evident, intensifying market risks in the Imaging business. - FY2018-Q1RestatedAnnual report
「Meanwhile, in the compact camera sector, sales in the imaging business as a whole declined because the number of units sold was narrowed in line with market contraction.」
The compact camera market continues to contract, leading to a reduction in units sold and lower revenue in the Imaging business. - FY2017-Q3MaterialisedAnnual report
「In addition to optimizing the scale of the business in line with market contraction, sales in the imaging business declined partly because supply of some products was delayed by the Kumamoto earthquake in April 2016.」
The contraction of the imaging market was reflected in actual results as a 21.3% decline in cumulative nine-month sales. - FY2017-Q2MaterialisedAnnual report
「In addition to optimizing the scale of the business in line with market contraction, sales in the imaging business declined partly because supply of some products was delayed by the Kumamoto earthquake in April 2016.」
The contraction of the imaging market was reflected in first-half results as the optimization of business scale and a 28.2% decline in sales. - FY2017-Q1MaterialisedAnnual report
「In addition to optimizing the scale of the business in line with market contraction, sales in the imaging business declined partly because supply of some products was delayed by the Kumamoto earthquake in April 2016.」
The contraction of the imaging market, including the digital camera market, has become evident in actual results through the optimization of business scale and lower sales. - FY2016First statedAnnual report
「In the digital camera field of the Imaging business, market conditions are becoming increasingly difficult. If the market contracts more rapidly than expected, the group's business restructuring measures may fail to keep pace with the decline in sales, potentially affecting its ability to secure earnings.」
In response to market contraction, the company is narrowing its product lineup and advancing structural reforms.