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 ...
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
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
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
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
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
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
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 ...
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 ...
Ex-Olympus CEO Woodford sues company for breach of contract, four years after alleging fraud
Michael Woodford, the whistle-blowing former chief executive officer of Olympus Corp., has sued his former employer in the U.K. for breach of contract, more than four years after he alleged a $1.7 billion accounting fraud and 13-year cover-up at the firm. Woodford, who settled a ...
Once renowned for its economic success, recent business scandals have diminished Japan's influence and prestige on the world stage.
