• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

Dossier.org

Market Intelligence

  • About
    • How to structure intent in Memorandum of Understanding (MOU)
  • Job Board
  • Market Dossier
    • Technology Dossier
    • Events
    • Venture Capital Dossier
  • Domain Dossier
  • Sponsored Post
    • Make a Contribution
  • Contact

Olympus Unveils Corporate Strategy

November 6, 2019 By admin Leave a Comment

Medical business to drive future growth of Olympus Corporation as a global medtech leader

A thorough transformation plan implemented to drive the change from within and ensure goals are achieved

As a result >20% operating profit margin is targeted at the fiscal year March 2023

Olympus Corporation today announced its Corporate Strategy in central Tokyo. The announcement follows the company’s earlier announcement in January this year, when significant changes in governance, the headquarters move of the Therapeutic Solutions business to the US, as well as a cost containment program were announced as a starting point of the company’s extensive transformation efforts.

To achieve an operating profit margin of 20% or above at the fiscal year 2023 March, Olympus introduced four core elements:

1. Focus the corporate portfolio centering on Medical, the company’s key contributor to revenue and profit with the greatest market growth potential. The Imaging and Scientific Solutions divisions remain crucial components to the overall Olympus business, and will strive to improve profitability and operational efficiency.

2. Strengthen global leadership in Endoscopy by continuously innovating technologies in reusable devices, pioneering the nascent disposable endoscopy segment, and shifting toward a service-based and procedure-based commercial model. With the aim of achieving an annual growth of ~6% over the next three years, the business continues to evolve with increasing demand in emerging markets, such as China, where double-digit revenue growth is forecasted.

3. Focus and scale prioritized therapeutic areas of Gastrointestinal, Urology and Respiratory. This exciting segment is expected to continue to bring annual growth of ~8% over the next three years, through portfolio development, organic growth and M&A opportunities. Managing its business globally from the U.S will strengthen the company’s ability to compete, grow and lead in the world’s largest market. The development of new devices for gastrointestinal, urology and respiratory areas will be the key focus.

4. Pioneer next-generation tools and procedures for minimally invasive surgery. This fourth element ensures long-term sustainability in the evolving business environment and secures the option to fully exploit the potential of new technologies that includes endoluminal manipulator. The company aims to innovate the solution of the total minimally invasive surgery workflow along with external partners.

Olympus Corporation President and CEO Yasuo Takeuchi said: “We are committed to build on our 100-year legacy of world-leading innovation, quality and dedication to making people’s lives healthier, safer and more fulfilling. Our new strategy is the most significant change we have undertaken in decades, and it is designed to strengthen our position as a world leader in the medtech industry. It will enable us to improve shareholder value and the lives of patients, while benefiting healthcare professionals. Our refreshed business structure also provides a more dynamic, agile approach to quickly adapt to changing market conditions. We are responding not only to competitive market forces, but also focusing on our sustainable, future growth.”

To support these strategic growth initiatives, a thorough transformational program will drive the change from within and assure accomplishment. But the transformation not only comprises initiatives for improved performance, it also reinforces the development of organizational capabilities and corporate culture.

Olympus celebrated its 100th anniversary on October 12th of this year.

We would like to thank all of our customers and stakeholders who have supported the company’s development throughout the years.

We look forward to continuing the tradition of contributing to society through Making people’s lives healthier, safer and more fulfilling.

SOURCE Olympus Corporation

Related: Micro Four Thirds Came to the End of the Road, Olympus is the First to Fall

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

VC

Rivet Raises $20.5 Million Series B Led by Catalyst Investors
Medusa Raises $8m to Build the Leading E-Commerce Platform for Developers
Liminal Launches into the Future with $17.5 Million Series A2 Funding
Nautical Commerce Raises $30M to Scale Multi-Vendor Marketplace Technology
Arable Raises $40 Million to Accelerate Sustainable Agriculture
LatticeFlow Secures $12 Million to Eliminate AI Data and Model Blind Spots in Computer Vision
Spreetail Secures $208M Funding to Enhance Ecommerce Acceleration Capabilities

Technologies

Unlock the Power of VPNs: Join our Workshop and Master the Latest VPN Technologies!
Continuous Integration and Continuous Delivery in Agile
Canva Launches Brand Management Features and AI-Powered Design Tools to Empower Creatives and Professionals
Greenerwave Unveils Reconfigurable Intelligent Surfaces for 5G Networks at MWC 2023
Snyk Platform: A Comprehensive Solution for Secure Software Development
Busting the Myths of Recycling: Wishcycling and Greenwashing Explained
AI/ML Data Scientist

Secondary Sidebar

Analysis

Cognizant to Acquire Servian, a Leading Australian Data and Analytics Consulting Firm
How to address manageable upstream problems before they become critical
The Future of Big Data Analysis: Trends and Predictions for the Next Decade
Wild Alaska Pollock Is Among the Most Climate-Friendly Proteins in the World
More Than a Quarter of C-level Execs Unaware of Low-code, No-Code Revolution, According to CLEVR Survey

Market Research

The future of news is video commentary
Two biggest barriers to wider adoption of XR are user experience and limited content
Chinese Brands Reach New Heights of Popularity in the West Amid Growing Political Tensions
1.7 billion people could be affected by the global food crisis
Top Music Trends Among Content Creators

Footer

Recent Posts

  • Agile Coaching: The Key to Successful Agile Implementation
  • GameTech 2023, GameDev Conference, March 3, 2023
  • AI is Disrupting Software: Key Takeaways from Tech Summit 2023
  • indie Semiconductor has entered into a definitive agreement to purchase GEO Semiconductor
  • Why UK faces chronic labor shortages
  • Battery Ventures Announces Sale of Physical-Security Technology Firm Qognify to Hexagon AB
  • impak Ratings acquires Exerica, a London-based fintech data extraction firm
  • Kentucky’s Wilderness Trail bourbon distillery to be sold to Italian maker of Campari
  • Container xChange Survey: 60% of Freight Forwarders and NVOCCs Struggle to Monitor Movement of Shipping Containers
  • Cloud storage company Box can surge nearly 40% on the future of work

RSS Blockchaining

  • Global Venture Funding for Blockchain and Crypto Companies Hit Record $26.8B in 2022, But Declined in Later Quarters
  • Unlocking the Power of Engagement: Exploring the Connection between Gamification and Blockchaining
  • Building a Decentralized VPN Using Blockchain Technology
  • Exploring the Latest Innovations in Blockchain and Crypto: A Report from the European Blockchain Convention 2023
  • Cryptocurrency has become a global phenomenon with a market capitalization of almost $3 trillion at its peak in November 2021

RSS S3H

  • Scrum: A Framework for Agile Development
  • Implementing Agile in Large Organizations
  • Differences between Agile and Waterfall methodologies
  • Mastering Agile: A Hands-on Workshop on Agile Software Development
  • Understanding Agile Manifesto and Principles

RSS VPNW

  • Will the RESTRICT Act Impact VPN Usage?
  • Comparing different VPN protocols
  • Creating a VPN for IoT devices
  • Building a VPN using cloud services
  • Analyzing VPN security vulnerabilities

RSS OPINT

  • Agile Requirements Gathering and User Story Mapping
  • OPINT: Exploring the Intersection of Operational Intelligence and Gaming in the Defense Industry
  • Russia says will cut crude production by 5% next month
  • President Xi Jinping’s long-term economic ambitions are out of reach
  • The South China Sea (SCS) and East China Sea (ECS) are becoming a major area of competition between the US and China

Copyright © 2022 Dossier.org

Technologies, Market Analysis & Market Research and Exclusive Domains

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT