Olympus 2012 Annual Report Download - page 57

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Review of Operations > Others
Fiscal 2012 Business Results and Activities
Net sales from Others business fell 2.3% year on year due to the impact of
worsening of market conditions overseas.
Operating loss in the Others segment increased as a result of higher
R&D costs attendant on the acquisition of a regenerative medicine-related
business.
Business Strategy as Part of Our Medium-Term Vision
Optimal value enhancement measures for each business
Although Olympus has acquired and nurtured a wide range of businesses for
the purpose of creating new businesses, We decided in the current medium-
term vision to avoid, in principle, new investments in areas outside the core
business domains.
In accordance with this policy, Olympus will review the businesses in the
Others segment one by one and decisively divest, downsize, liquidate, or
withdraw from businesses whose profitability or growth potential make
continuation of operations within the Olympus Group difficult. As of March
2012, Olympus Business Creation Corp., a subsidiary in charge of the
nurturing of new businesses, has more than 20 subsidiaries. It plans to reduce
the number to a few companies during the coming two years.
OTHERS
In the Others business segment, Olympus seeks to nurture
businesses from which synergies with Olympus core business
domains can be expected. We will decisively liquidate or consider
reorganization of businesses with poor growth or profit potential.
Dissolution decided at a Board of
Directors’ meeting on April 27, 2012
・
Altis Co., Ltd.
・
NEWS CHEF Inc.
・
Humalabo Co., Ltd.
To be sold or
liquidated by
March 31, 2013
Liquidation decided at a Executive
Management Committee meeting on
March 2, 2012
・
Olympus Visual Communications Corp.
To be liquidated by
November 30, 2012
Reference information: Subsidiaries scheduled for liquidation
Consolidated Net Sales
¥48.9
billion
Consolidated Operating Income
-¥8.0
billion
OLYMPUS 󱚈 Annual Report 2012 55