Olympus may trim digital camera lineup

The Mainichi Daily News reports the new Olympus Corp. management is considering trimming¬† the company’s digital camera offering as part of restructuring. President–nominee Hiroyuki Sasa, who will succeed President Shuichi Takayama after an extraordinary shareholders meeting on April 20, said he aims to unveil a restructuring plan before a regular shareholders meeting in June.

In an interview with Kyodo News, Sasa said while several firms have made proposals for tie–ups with Olympus to reconstruct its financial base weakened by the loss coverup scandal, Olympus has not ruled out moving forward on its own.

According to published reports, Fujifilm Holdings Corp. and Sony Corp. have come forward to offer financial support.

On the company’s imaging business consisting mainly of digital camera operations, which is expected to post an operating loss for the second year in a row for the past business year to March 31, Sasa touched on the need to reform its product portfolio.

“We would like to narrow down our portfolio,” he said, suggesting the possibility of withdrawing some types of inexpensive compact digital cameras facing intense price competition. By reforming its product lineup, “we can make the business fully profitable,” Sasa said.