Scandal-hit Olympus Corp. will reduce its lineup of digital camera products in an effort to return its loss-making camera division to profitability, said Hiroyuki Sasa, who is expected to become the firm’s next president.
The 56-year-old executive, who is the firm’s pick to succeed President Shuichi Takayama after an extraordinary shareholders’ meeting scheduled for April 20, said Monday he aims to unveil a restructuring plan before a regular shareholders’ meeting in June.
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