Olympus 2005 Annual Report Download - page 18

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16 O LYMPUS 2 00 5
LTF TYPE VP VISERA
VIDEO SCO PE
The LTF TYPE VP VISERA
video scope is the
world’s first videoscope
for abdominal and
chest cavities. W ith its
small diameter o f 5 .4
mm and advanced
angulation functions in
the tip, it helps improve
the safety and efficien-
cy of surgical opera-
tions with endoscopes.
medical
> The Medical Systems Business handles gastrointestinal endoscopes
and minimally invasive products such as surgical endoscopes and
endo-therapy devices. W ith approximately 70% of the world mar-
ket share, O lympus’ gastrointestinal endoscopes provide a solid
earnings foundatio n.
O n O ctober 1 , 2 004, the Medical Systems Business was split off
into O lympus Medical Systems Corp. as a wholly owned subsidiary
of O lympus.
In fiscal 2005, domestic sales declined 1.4% to ¥62,462 million
(US$568 million) from the previous fiscal year, while overseas
sales rose 9.4% to ¥168,063 million (US$1,528 million) as a
result of significant growth in Europe and Asia. O verall sales of the
Medical Systems Business increased 6.3% to ¥230,525 million
(US$2,096 million). O perating income grew 3.3% to ¥65,306 mil-
lion (US$594 million), reflecting a stronger marketing structure and
measures to promote sales.
REVIEW O F O PERATIO NS