OLYMPUS CORPORATION <7733> surged after a three-day decline. Following the market close on May 12, OLYMPUS issued its earnings forecast for the fiscal year ending March 2027 alongside its results for the year ended March 2026. The company projects revenue of 1.06 trillion to 1.08 trillion yen (up 4.4%-6.5% year-on-year) and net profit of 95.5 billion to 109 billion yen (up 40.1%-59.9%). OLYMPUS also announced a share buyback program for up to 46,000,000 shares, or 4.18% of outstanding stock, with a total value of 60 billion yen. Performance is expected to recover as shipment suspensions normalize and cost-reduction measures from a new operating model take effect alongside second-half product launches.

For the fiscal year ended March 2026, revenue totaled 1.01 trillion yen, exceeding its previous guidance of 998 billion yen, while net profit reached 68.17 billion yen, beating its earlier forecast range of 50 billion to 59 billion yen. Success in North American sales of EDOF (Extended Depth of Field) technology scopes and the EU-ME3 endoscopic ultrasound system drove the results, supported further by gains from the sale of overseas real estate.

The buyback program will run from May 13 through March 31, 2027, via market purchases and the ToSTNeT-3 off-exchange system. OLYMPUS plans to retire the acquired shares, excluding 9,000,000 shares reserved for stock-based compensation. On May 13, the company purchased 38,948,300 shares at 1,540.50 yen per share through off-exchange trading.

Source: MINKABU PRESS

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