Olympus 2007 Annual Report Download - page 18

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> The Information & Communication Business is managed
by consolidated subsidiary ITX Corporation, which engag-
es in investment and cultivation of new businesses. ITX
Corporation invests in diverse businesses including mobile
handset sales, mobile solutions, mobile content services,
development and sales of business package software, sales
of network infrastructure systems, and sale of semiconduc-
tor-related devices and electronics devices.
Sales in the Information & Communication Business
declined 6.0% year on year to ¥267,691 million (US$2,231
million), and operating income totaled ¥2,716 million
(US$23 million) following an operating loss of ¥2,641 mil-
lion in the previous fiscal year. Sales increased in mobile-
related business as a result of strong mobile handset sales.
Overall sales in the network & technology field declined
year on year owing to the discontinuation of OEM sales
of computer peripherals, which offset sales growth spurred
by the launch of our automotive aftermarket business. On
the earnings front, operations in the mobile-related field
returned to the black after consolidation and elimination
of unprofitable shops engaged in sales of mobile handsets.
In addition, contributions from the automotive aftermar-
ket business in the network & technology field, as well
as sale of investment securities, helped the Information &
Communication Business to record operating income for fis-
cal 2007, in contrast with the operating loss in the previous
fiscal year.
Outlook for
Fiscal 2008
> Olympus expects a sales increase owing to stronger
demand for mobile handsets. However, Olympus does not
anticipate proceeds from the sale of investment securities,
and therefore is predicting a decline in operating income.
Forecasts are for sales of ¥283.0 billion and operating
income of ¥1.0 billion.
Information &
Communication Business
Information &
Communication
Business
Sales
(Millions of yen)
267,691
251,511
06 07
16,180
284,908
221,005
63,903
Overseas
sales
Domestic
sales
a n d
and
16 OLYMPUS 2007
01-24.indd 1601-24.indd 16 07.8.3 0:16:37 PM07.8.3 0:16:37 PM