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Information & Communication Business, and O
> The Information & Communication Business is managed
by consolidated subsidiary ITX Corporation, which
engages in investment and business cultivation mainly
in such areas as life science, network & technology,
mobile phones and business innovation. ITX Corporation
invests in diverse businesses, including mobile handset
sales, mobile solutions, mobile content services, the
development and sale of business packaging software,
sales of network infrastructure systems and sales of
semiconductor-related devices and electronics devices.
Sales in the Information & Communication Business
declined 5.0% year on year to ¥254,312 million
(US$2,422 million), while operating income grew 10.5%
to ¥3,001 million (US$29 million).
During the fiscal year under review, the ratio of direct
sales was increased and cost streamlining carried out in
1.
PORTABLE INDUSTRIAL
VIDEOSCOPE
IPLEX FX
A rugged industrial
videoscope—shock
resistance from the height
of 1.2m, dust proof and
waterproof—that enables
non-destructive testing
to be conducted in harsh
environments
Information &
Communication Business
the core mobile handset sales business. In the automo-
tive aftermarket business, ITX Corporation promoted the
progress of IT and expanded the business for component
suppliers. In addition, ITX Corporation reviewed its busi-
ness possibilities based on its investment securities
ownership policy, and renewed its investment portfolio
of approximately ¥10 billion. Revenue in this business
declined, mainly due to decreased sales in the mobile
handset sales market that reflected the sales price
changes initiated by telecommunication companies.
On the earnings front, ITX Corporation continued
to implement business reforms first undertaken in
fiscal 2007 to realize the “establishment of a stable
consolidated business earnings structure.” As a result,
the Information & Communication Business improved its
profitability by reducing costs for mobile handset sales
and controlling price discounting. Combined with these
efforts, growth in the automotive aftermarket business
contributed to the overall earnings increase.
OUTLOOK FOR
FISCAL 2009
> Olympus is anticipating that the telecommunication
companies’ sales price changes will bring about a
revenue decrease. However, the ongoing streamlining of
operating expenses will not lead to a decline in operat-
ing income. Despite these factors, operating income
is projected to fall due to the exclusion of proceeds
from investment securities. As a result, forecasts are
for sales of ¥235 billion and operating income of ¥2.0
billion.
INFORMATION & COMMUNICATION BUSINESS
Sales
(Millions of yen)
07
Overseas
sales
Domestic
sales
08
241,062
13,250
267,691
251,511
16,180
254,312
18 OLYMPUS 2008