• Kyodo


Olympus Corp. may liquidate three unlisted domestic subsidiaries whose acquisitions were used to cover up massive investment losses, sources said.

Health food and cosmetics firm Humalabo Co., industrial waste disposal company Altis Co. and cooking container maker News Chef Inc. “are dragging down (Olympus’) business performance and have created no beneficial synergies with its core business,” an Olympus source said.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.