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Activist fund executives on board bolstered Olympus, CEO says

Business / Corporate Mar 28, 2022

Activist fund executives on board bolstered Olympus, CEO says

by Kanoko Matsuyama and Grace Huang

Olympus’s shares have more than doubled since ValueAct, a U.S. hedge fund, persuaded Olympus to accept its director nominations in 2019.

Olympus to recall 4,150 endoscopes sold in U.S. and Europe

Business / Corporate Aug 25, 2020

Olympus to recall 4,150 endoscopes sold in U.S. and Europe

The company said there is a possibility that equipment parts might come off and remain in a patient's body.

Writing was on wall for Olympus cameras as photographers switch to phones

Business / Corporate Jul 13, 2020

Writing was on wall for Olympus cameras as photographers switch to phones

by Kazuaki Nagata

Camera-makers haven’t been able to come up with plan to stop the bleeding, and analysts say more of them may be forced out in the future.

Olympus whistleblower Michael Woodford wins pension suit brought by Japan firm's U.K. subsidiary

Business / Corporate Mar 12, 2019

Olympus whistleblower Michael Woodford wins pension suit brought by Japan firm's U.K. subsidiary

The former CEO of Olympus, who blew the whistle in 2011 on a massive accounting scandal at the medical equipment maker, has won a London court battle over alleged wrongdoing linked to his £64 million (¥9.4 billion) pension. The Olympus U.K. subsidiary KeyMed sued Michael ...

Japan's Olympus to pay $85 million in U.S. for failure to report infections

Business / Corporate Dec 11, 2018

Japan's Olympus to pay $85 million in U.S. for failure to report infections

Olympus Corp. said Tuesday it was fined $85 million in a plea deal reached with the U.S. Justice Department after admitting failure to report infections connected to its duodenum endoscopes to U.S. authorities. In the agreement, Olympus admitted it did not report three separate cases ...

Over 190 superbug infections reported in U.S. and Europe after using Olympus endoscopes, probe finds

National Nov 26, 2018

Over 190 superbug infections reported in U.S. and Europe after using Olympus endoscopes, probe finds

Several of the people infected with antibiotic-resistant bacteria died, though it is not certain whether their deaths were the direct result of infection.

Olympus lawyer blasts firm for failure to change corporate culture seven years after scandal

National Nov 21, 2018

Olympus lawyer blasts firm for failure to change corporate culture seven years after scandal

by Ryusei Takahashi and Satoshi Sugiyama

Seven years after corporate Japan was turned on its head when Olympus Corp. became the subject of a massive accounting scandal, a member of the company's legal team believes nothing has changed — and things may have actually gotten worse. At a news conference Wednesday, ...

Japan's digital camera shipments post first increase in seven years thanks to social media surge

Business Feb 2, 2018

Japan's digital camera shipments post first increase in seven years thanks to social media surge

by Reiji Yoshida

Japan's digital camera industry, which has been hit hard by the explosive growth of the camera-equipped smartphone market, may have finally found a ray of hope — thanks to Instagram users showing off their private lives online. According to statistics released Thursday by the Camera ...

Sony-Olympus joint venture to market advanced HD surgical microscope

Business / Tech Sep 20, 2017

Sony-Olympus joint venture to market advanced HD surgical microscope

by Tomoko Otake

Sony Olympus Medical Solutions — a medical joint venture set up by Sony and Olympus in 2013 — says it has developed a new surgical microscope that could free doctors from the strains involved with operating older, unwieldy models over long periods of time. The ...

Olympus seeks deals and redemption after 2011 scandal

Business / Corporate Jul 21, 2016

Olympus seeks deals and redemption after 2011 scandal

by Takashi Amano and Natasha Khan

Five years ago, Olympus Corp. was caught up in the oddest of corporate scandals. Its then-CEO, Michael Woodford, uncovered an accounting scandal at the company that went undetected for years, besmirching the name of a once-proud Japanese maker of digital cameras and medical equipment. The ...

Business Jun 28, 2016

Olympus denies bribery, says China unit's wining and dining of customs official an 'internal control' matter

Olympus Corp. said Monday its group firm in China was involved in wining and dining a customs official as well as giving gifts to the person but said no illegal act such as bribery had occurred. An internal investigation found that an employee of Olympus ...

Revived Pennsylvania rust belt looks to test Trump's appeal

World / Politics Apr 25, 2016

Revived Pennsylvania rust belt looks to test Trump's appeal

With a rusting steel mill in its center, this Pennsylvania city would seem fertile ground for Donald Trump's campaign and its vision of a declining America that only he can fix. Yet Trump, who will be seeking voters' backing as the Republican nominee for the ...

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    Actor Hayato Isomura, director and screenwriter Chie Hayakawa and Filipino actress Stefanie Arianne pose as they arrive for the screening of the film "Plan 75" at the 75th edition of the Cannes Film Festival.
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