Revenue Growth and Record Highs
Consolidated revenue increased by 10% year-over-year to JPY 474 billion, with significant growth in North America (24% year-to-year growth). Revenue reached a record high for Q2 and for the sixth month.
Operating Profit Increase
Operating profit increased significantly year-on-year to JPY 70.5 billion. Adjusted operating profit increased by 28% year-on-year to JPY 85.1 billion, with an adjusted operating margin improving 2.5 points to 17.9%.
AI Medical Devices Approval
Olympus received clearance and approval for cloud-based AI endoscopy devices in the U.S. and Europe, marking a significant milestone in enhancing clinical outcomes and operational efficiency in endoscopy.
Elevate Program Progress
Progress on the Elevate program has been very good, with over 95% of commitments to the FDA completed, including successful third-party audits and the transition to a global complaint handling system.