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.
Business / Corporate Apr 7, 2020
Canon closes Tokyo HQ and four other offices due to coronavirus
Canon Inc. said Tuesday is is closing down its Tokyo headquarters and four offices in Kawasaki through April 17 due to the spread of the novel coronavirus in the metropolitan area. The headquarters normally has around 6,000 employees onsite. The Kawasaki offices engage in research ...
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 ...
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 ...
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.
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, ...
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 ...
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 ...
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 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 ...