TYO:7733

Olympus' Attributable Profit Soars 113% in Fiscal Q1

Olympus' (TYO:7733) profit attributable to owners of the parent surged 113% to 19.1 billion yen for the fiscal first quarter from 9 billion yen a year earlier.The medical equipment maker's earnings per share rose to 17.76 yen from 7.97 yen a year ago, according to a Tokyo bourse filing on Friday.Revenue increased 16% to 240.4 billion yen for the three months ended June 30 from 206.5 billion yen.For the fiscal year ending March 31, 2027, the company expects profit attributable to owners of the parent in the range of 95.5 billion yen to 109 billion yen, EPS of 89.59 yen to 102.26 yen, and revenue of 1.055 trillion yen to 1.076 trillion yen.The company plans to pay a year-end dividend of 30 yen per share, unchanged from the previous fiscal year.

Olympus Appoints Chief Quality Officer

Olympus (TYO:7733) appointed Brian Barry as its new chief quality officer and executive officer, effective Aug. 1, according to a Friday filing with the Tokyo bourse.Barry will succeed Boris Shkolnik and lead the next phase of the company's transformation. Barry has four decades of leadership experience in quality, regulatory affairs, medical safety, and clinical affairs, with expertise in strategic planning, organizational development, regulatory compliance, lean transformation, and regulatory agency engagement.Shares of the optics and reprography products manufacturer rose over 1% at market close.

Jefferies Upgrades Olympus to Buy from Hold; Adjusts Price Target to 2,300 Yen from 1,700 Yen