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2OLYMPUS 2003
Q1: Could you highlight the Company’s performance in fiscal
2003?
In fiscal , ended March , , we achieved record highs
in consolidated net sales, operating income and net income.
Compared with the previous fiscal year, net sales grew .% to
¥, million (US$, million), marking the ninth consec-
utive year of growth. O perating income advanced .% to
¥, million (US$ million). Net income climbed .%
to ¥, million (US$ million).
Digital cameras were the main driver behind the strong
performance in fiscal . Backed by its high market
share, Olympus saw digital camera sales climb .% to ¥,
AN INTERVIEW WITH
THE PRESIDENT
N E T I N C OM E I N
F I S C A L
Net income climbed
.% compared
with the previous fis-
cal year, to ¥,
million (US$ mil-
lion) .
136.9%
million (US$, million) amid tough competition in a fast-
growing market. In addition, profits grew considerably in the dig-
ital camera business, as the Company focused efforts on reducing
production costs over the past year. As a result, the Imaging
Systems Group returned to profitability.
Performance in the Medical Systems Group also
improved steadily, supported by its approximately %
share of the world market for endoscopes.
In the Industrial Systems Group, however, sales and profits
declined significantly, owing to a decrease in orders from semi-
conductor companies and other customers.
As a consequence, by segment, operating income improved
¥, million to ¥, million (US$ million) in the Imaging
Systems Group, grew ¥ million to ¥, million (US$
million) in the Medical Systems Group, and declined ¥, mil-
lion to an operating loss of ¥ million (US$million) in the
Industrial Systems Group.
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