Olympus 2010 Annual Report Download - page 18

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INFORMATION &
COMMUNICATION
BUSINESS
REVIEW OF OPERATIONS
Corporation’s ongoing structural management reforms,
including the optimization of the Group’s management
resources and the revision of its business portfolio,
bore fruit.
OUTLOOK FOR FISCAL 2011
We are expecting revenue to increase on the back of
strong sales of mobile handsets. Therefore, Olympus
anticipates sales of ¥200 billion and operating income of
¥4 billion in the Information & Communication Business.
The Information & Communication Business is man-
aged by consolidated subsidiary ITX Corporation, which
engages in mobile handset sales. Promoting manage-
ment structural reforms, ITX Corporation reviewed
its business categories. On the back of this, a portion
of the Information & Communication Business was
transferred to the Others business during the fiscal
year under review.
Sales in the Information & Communication Business
rose 23.8% year on year to ¥189,354 million (US$2,104
million), and operating income jumped 194.1% to
¥4,864 million (US$54 million).
This sales increase was attributable to the expansion
of ITX Corporation’s mobile handset sales networks
through aggressive M&A. Earnings were up as well
thanks to this expansion as well as efforts to increase
sales ratio of profitable stores, including those that
are directly managed and franchises. Furthermore, ITX
16 OLYMPUS 2010
* Fiscal 2009 figures and year-on-year comparisons in the text and graphs reflect
the reclassification of business segments in the fiscal year under review.
Domestic
Sales
(Millions of yen)
SALES
254,312
241,062
13,250
Overseas
Sales
152,946
152,946
189,354
189,354
10
0908