Q&A with Mr. Aki Murata: President, Consumer Products Group, Olympus... - Trust Me Shops
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Q&A with Mr. Aki Murata: President, Consumer Products Group, Olympus...

Q&A with Mr. Aki Murata: President, Consumer Products Group, Olympus...

B&H explora - All posts
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Ever since Olympus announced its intention to transfer its imaging business to Japan Industrial Partners, Inc. (JIP), on June 24, we’ve been anxious to learn further details. For 84 years, the Olympus brand has been synonymous with innovative camera technology and unique product development. What effects will this transfer have on the current and upcoming Olympus product line? What will it mean for photographers who currently use Olympus camera gear?

For a better understanding of this matter, we recently asked Mr. Aki Murata, president of Olympus America’s Consumer Products Group, to respond to a few questions about this recent announcement, provide some background about JIP, and offer his insights about what the future may bring.

Can you please provide more context on Olympus’s recent announcement?

On June 24, Olympus signed a memorandum of understanding (MOU) with Japan Industrial Partners, Inc. (JIP). According to the MOU, both companies are committed to further discussions about the transfer of Olympus’s long-standing Imaging business to JIP by the end of 2020. Importantly, the MOU with JIP is a reflection of our intention to revitalize our Imaging business.

The catalyst to this decision has been a third year of consecutive financial losses amid a declining market and a corporate transformation that is focused on growth within Olympus’s medical technology division.

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