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Olympus Corp
-4.45%
Healthcare & biotech / Medical and optical products
At a Glance | Core Facts | Company | Industry | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web, its products, and history
Olympus Corp is a multinational company that specializes in the development, manufacture, and sale of imaging, medical, and scientific equipment. It was founded in Tokyo, Japan in 1919 and has since become a highly reputable brand known for its innovative and high-quality products.
Products
Olympus Corp offers a wide range of products in various industries. Some of its main product categories include:
1. Cameras and lenses: Olympus is best known for its cameras and lenses, particularly its Micro Four Thirds mirrorless cameras. Other products in this category include compact digital cameras, lenses, and accessories.
2. Medical and surgical equipment: Olympus is a leader in the medical equipment industry, offering endoscopes, surgical instruments, and medical equipment for a variety of specialties such as gastroenterology, orthopedics, and gynecology.
3. Audio equipment: Olympus also offers audio recorders and music players, including its popular line of digital voice recorders.
4. Scientific solutions: This category includes microscopes, industrial microscopes, and industrial videoscopes used for research and analysis in various industries.
History
Olympus Corp was founded in 1919 as Takachiho Seisakusho by Takeshi Yamashita. The company initially focused on the development and production of microscopes and thermometers.
In 1936, the company changed its name to Takachiho Optical Co., Ltd. and began producing cameras and lenses. It was during this time that the company introduced the first Zuiko-branded lens, which is still used today.
In 1949, the company officially changed its name to Olympus Corporation and continued to expand its product line. In the 1960s, Olympus developed the first medical endoscope, revolutionizing the medical industry.
Throughout the years, Olympus has continued to innovate and introduce new technologies, such as the popular OM-D line of Micro Four Thirds cameras and the PEN series of compact mirrorless cameras.
Today, Olympus Corp has a global presence, with subsidiaries and sales offices in various countries. It continues to be a leader in the imaging, medical, and scientific industries with a focus on producing high-quality and innovative products.
1. Long history: Olympus Corp has a history of over 100 years, founded in 1919 in Japan. It has been a leading manufacturer of precision optics and imaging equipment from its early beginnings.
2. Innovative technology: Olympus is known for its cutting-edge technology and innovative products such as the world's first autofocus camera, the Olympus OM-707 in 1977.
3. Diversified business: While Olympus is known for its cameras and lenses, it also has a diverse range of products and services including medical equipment, scientific solutions, and industrial products.
4. High-quality products: The company has a reputation for producing high-quality products. Its cameras and lenses are favored by professional photographers and its medical equipment is trusted by healthcare professionals.
5. Focus on sustainability: Olympus has a strong commitment to sustainability and has implemented various initiatives to reduce its environmental impact, such as energy-efficient production methods and recycling programs.
6. Corporate social responsibility: The company has a strong sense of corporate social responsibility, supporting various social and philanthropic initiatives, particularly in the areas of healthcare and education.
7. Strong global presence: With headquarters in Japan, Olympus has a strong global presence, with operations and sales in over 40 countries.
8. Strong research and development: Olympus invests heavily in research and development, constantly seeking to innovate and develop new and improved products to meet the changing needs of its customers.
9. Award-winning products: Olympus has received numerous awards and accolades for its products, including several prestigious Red Dot Design Awards and the Japan Camera Grand Prix "Camera of the Year" award.
10. Customer satisfaction: The company has a loyal customer base and a reputation for excellent customer service, with a focus on developing long-term relationships with its customers.
Olympus Corp is a global technology company that specializes in manufacturing and selling precision machinery, imaging products, and medical equipment.
Their business model is based on three core segments:
1. Medical Business: This segment includes the production and sale of endoscopic equipment, surgical devices, and other medical technologies for use in various medical procedures.
2. Scientific Solutions Business: This segment involves the development and distribution of microscopy and imaging systems for scientific research and analysis.
3. Imaging Business: This segment focuses on the production and sale of digital cameras, interchangeable lens systems, and audio recorders.
In addition to these core segments, Olympus Corp also has a few other business lines, such as industrial equipment and products for the imaging and information market.
Their business model is based on innovation, high-quality products, and strong customer relationships. Olympus Corp invests heavily in research and development to constantly improve and expand their product offerings. They also have a strong focus on sustainability and ethical business practices.
1. The Olympus Corporation was founded in 1919 by Takeshi Yamashita, who had a vision to develop a microscope with excellent quality at an affordable price.
2. The name Olympus was chosen by the company’s founders as they believed it represented the pinnacle of achievement and excellence, just as Mount Olympus was the highest mountain in Greece.
3. In the 1930s, Olympus began to expand its product range, introducing cameras and thermometers alongside its microscopes.
4. The first Olympus camera, the Semi-Olympus I, was released in 1936. It was a compact and affordable camera, which became very popular in Japan.
5. In 1950, Olympus released the first Japanese-made endoscope, which revolutionized the medical industry and has become one of the company’s core products.
6. The company has a long history of innovation. In 1959, Olympus introduced the PEN, a half-frame camera that was smaller and more portable than its competitors.
7. In 1963, Olympus released the world’s first waterproof consumer camera, the Olympus XA, which became a popular choice for underwater photography.
8. The company’s most famous product, the Olympus OM system camera, was released in 1972. It was the world’s smallest 35mm single-lens reflex camera at the time, and its compact design and innovative features made it a hit among professional photographers.
9. In 2003, Olympus entered the digital camera market with the release of its first digital SLR camera, the E-1.
10. The Olympus Corporation is also known for its medical equipment, which includes endoscopes, ultrasound systems, and surgical devices. In 2011, it became embroiled in a financial scandal involving accounting fraud, which led to several top executives resigning and the company being fined $646 million.
11. Despite this setback, Olympus continues to be a major player in the camera and medical equipment industries, with a strong focus on research and development.
12. In 2019, Olympus celebrated its 100th anniversary, marking a century of innovation and providing consumers with high-quality, reliable products.
13. As of 2020, the company is headquartered in Tokyo, Japan, and employs over 31,000 people worldwide.
14. In addition to cameras and medical equipment, Olympus also produces other consumer products such as voice recorders, binoculars, and industrial equipment.
15. The company has a strong commitment to sustainability, with initiatives in place to reduce its environmental impact and promote social responsibility. This includes recycling programs and sustainability goals set for their offices and factories.
16. Nikon Corporation is a minority owner of Olympus, holding 5% of the company’s shares as of 2020. However, Olympus and Nikon are direct competitors in the camera market.