Tag - olympus

 
 

OLYMPUS

Japan Times
BUSINESS
Nov 15, 2022
Japan's Olympus says moving from asset sales towards doing deals
After two decades in human resources roles, incoming Stefan Kaufmann will become one of the few foreign CEOs leading a major Japanese company.
Japan Times
BUSINESS / Companies
Aug 29, 2022
Olympus to sell microscope unit to Bain for $3 billion
In a statement, Olympus said the transfer to Bain would be in its best interest to allow the business to grow with more agile and flexible decision-making based on market needs.
Japan Times
BUSINESS
Aug 23, 2022
Olympus nearing deal to sell microscope unit for over $2 billion, sources say
Olympus has been restructuring in recent years with the aim of focusing solely on medical technology.
Japan Times
BUSINESS / Companies
Mar 28, 2022
Activist fund executives on board bolstered Olympus, CEO says
Olympus's shares have more than doubled since ValueAct, a U.S. hedge fund, persuaded Olympus to accept its director nominations in 2019.
Japan Times
BUSINESS / Companies
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.
Japan Times
BUSINESS / Companies
Jul 13, 2020
Writing was on wall for Olympus cameras as photographers switch to phones
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.
Japan Times
BUSINESS / Companies
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.
Japan Times
BUSINESS / Companies
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.
Japan Times
JAPAN
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.
Japan Times
JAPAN
Nov 21, 2018
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.
Japan Times
BUSINESS
Feb 2, 2018
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.
Japan Times
BUSINESS / Tech
Sep 20, 2017
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.
Japan Times
BUSINESS / Companies
Jul 21, 2016
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.
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.
Japan Times
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.
Japan Times
BUSINESS
Jan 16, 2016
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.
COMMENTARY / Japan
Nov 13, 2015
Japan's place in the world
Once renowned for its economic success, recent business scandals have diminished Japan's influence and prestige on the world stage.
Japan Times
LIFE / Digital / ON: TECH
Aug 15, 2015
Olympus Air AO1 goes retro in a futuristic way; Don’t drink and ride; You may never look back after trying a selfie ‘phablet’
The Olympus Air AO1 goes retro in a futuristic way
Japan Times
JAPAN / Crime & Legal
Jul 24, 2015
Toshiba case points to whistleblower law's shortcomings
One of the more intriguing questions stemming from the Toshiba accounting scandal is this: Where was the whistleblower?
JAPAN / Crime & Legal
Jul 1, 2015
Ex-securities broker jailed after counseling Olympus on hiding losses
The Tokyo District Court on Wednesday sentenced a 61-year-old former securities broker to four years in prison for counseling the management of major optical equipment-maker Olympus Corp. on hiding massive losses.

Longform

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