Olympus unveils new strategy, leadership, and global job cuts

Olympus Corporation today announced a new corporate strategy, "Where Purpose Meets Performance," effective from the fiscal year ending March 2027. This strategy is built on three pillars: "Innovation-Driven Growth," "Simplicity," and "Accountability," aiming for 3% growth in FY27, 4% in FY28, and 5% in FY29 (Constant Currency basis YoY), with ~100 basis points margin expansion annually from FY26.

As part of this strategic shift, Bob White will succeed Yasuo Takeuchi as director, representative executive officer, president, and CEO, effective April 1, 2026. Additionally, Keith Boettiger will become executive officer and gastrointestinal solutions division head on the same date, replacing Frank Drewalowski, who will transition to senior advisor to CEO.

To support the new strategy, Olympus will implement a global personnel optimization program, reducing approximately 2,000 positions by FY27 and expecting 24 bn yen in run-rate savings annually. The company forecasts full-year FY26 revenue of 998,000 million yen and profit attributable to owners of parent of 94,000 million yen, with an annual dividend of 30 yen per share and a 50,000 million yen share buyback.