Olympus Corp. said it's looking for new camera markets such as sensors used in cars after forecasting a loss in the business for this fiscal year — its fifth straight annual deficit.
The scandal-tainted camera maker, also the world's biggest endoscope supplier, will spend about ¥3.5 billion on its quest to find and develop business-to-business markets for its cameras, Chief Executive Officer Hiroyuki Sasa said in a recent interview in Tokyo.
The camera unit will return to profit in the 12 months ending March 2016, according to Sasa, a year later than he had previously forecast.
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