Uh oh! After Olympus was sold only a few months ago, could Panasonic be next?

Uh oh! After Olympus was sold only a few months ago, could Panasonic be next?
(Image credit: Panasonic)

In June the shocking news broke that Olympus had decided to sell its camera division to the Japanese private equity fund Japan Industrial Partners (JIP). However, now it appears that Panasonic could be considering a similar move. This rumor comes from an article about trends in Panasonic's camera business in the Japanese publication Nikkei.

According to estimates by Ryusuke Katsura, the senior analyst at SMBC Nikko Securities, Panasonic's camera business had a loss of 2.5 billion yen in the period of April–June 2020, which is approximately $23,544,812. 

• Read more: Best Panasonic camera

The Nikkei article, via website Digicame–info, also explained that Panasonic's camera business wasn't able to fully benefit from the expansion of the mirrorless market and is currently not performing as well as it could be. "Camera companies are under pressure to make a fundamental shift in business format," Katsura said. 

This helps to explain Olympus' move to sell to a private equity fund. While we haven't seen any significant changes in the way Olympus is doing business, it's still early days in the transition.

Apparently Panasonic is also considering some form of structural reform, with one executive saying that Panasonic's performance was worse than expected, even before taking into consideration the effect of coronavirus. He also said that he was thinking about collaborations with outsiders, although he didn't expand on what this could mean. 

It would be interesting to know what kind of collaborations Panasonic would be seeking out and considering. However, we'll have to wait to see whether the company will forge ahead with these rumored plans, or whether Panasonic will be able to bounce back without the need for restructuring. 

Read more

Panasonic Lumix S5 first impressions
Best Panasonic GH5 deals
Best Micro Four Thirds lenses: lenses for Olympus and Panasonic

Thank you for reading 5 articles this month* Join now for unlimited access

Enjoy your first month for just £1 / $1 / €1

*Read 5 free articles per month without a subscription

Join now for unlimited access

Try first month for just £1 / $1 / €1

Louise Carey

With over a decade of photographic experience, Louise arms Digital Camera World with a wealth of knowledge on photographic technique and know-how – something at which she is so adept that she's delivered workshops for the likes of ITV and Sue Ryder. Louise also brings years of experience as both a web and print journalist, having served as features editor for Practical Photography magazine and contributing photography tutorials and camera analysis to titles including Digital Camera Magazine and  Digital Photographer. Louise currently shoots with the Fujifilm X-T200 and the Nikon D800, capturing self-portraits and still life images, and is DCW's ecommerce editor, meaning that she knows good camera, lens and laptop deals when she sees them.