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Olympus Corp., Tokyo, Japan, reported ¥254.331 billion (US$2.311 billion) in net sales for the first quarter ended June 30, a 3.8 percent decrease from the ¥264.418 billion reported in 2007. Net income for the quarter was ¥6.521 billion (US$59.268 million), a 43.6 percent decrease compared to the ¥17.544 billion reported in 2007.

  Net sales for the Imaging Systems Business were ¥72.116 billion, an 11.7 percent decrease from 2007. Operating income for the segment was ¥9.766 billion, down 34.4 percent from 2007. Although the number of compact digital cameras and DSLR cameras sold did not change from last year, revenues suffered due to a higher yen and a drop in unit prices, says the company.