Originally posted by xmeda They lost big part of that money in risky financial investments, creative accounting with Yakuza included and also by selling some parts of company significantly under-priced.
Cameras are not the problem.. company leaders are.
It is not garage factory. They employ over 35 000 people and they are not dependent on camera sales. And remember that they sell more cameras than Ricoh/Pentax...
You do understand that this is just the imaging part of Olympus, so the revenue generated from the sales of all of their cameras less the expenses from making those cameras? That has been a negative number most years recently. Doesn't really have anything to do with the Yakuza or financial investments at all.
There seems to be a disconnect here. The fact that a company releases new products does not mean either that they are generating a profit or that their business is viable long term. It is just what companies do. The reality is that a company like Ricoh Imaging has an easier time generating a profit due to the fact that they have fewer releases and each release is pretty targeted.
---------- Post added 12-03-19 at 05:43 AM ----------
Originally posted by surfar Is it really a billion dollars? Or is that the creative accounting that they are infamous for?
The creative accounting, as I recall, was to hide losses not inflate them.