Topic: East Asia

Olympus reveals $1 billion balance sheet hit, stirs merger talk

TOKYO (Reuters) - Japan's disgraced Olympus Corp ironed out its crooked accounts on Wednesday after a 13-year fraud, with a $1.1 billion dent in its balance sheet triggering speculation it will need to merge, sell assets or raise capital to repair its ...

Olympus fixes crooked accounts; takeover talk resurfaces

TOKYO (Reuters) - Japan's disgraced Olympus Corp ironed out its crooked accounts on Wednesday, unwinding a 13-year fraud to reveal a $655 million dent in its balance sheet and igniting speculation it would need to merge or sell assets to repair its ...

Olympus fixes crooked accounts; takeover talk

TOKYO (Reuters) - Japan's disgraced Olympus Corp ironed out its crooked accounts on Wednesday, unwinding a 13-year fraud to reveal a $655 million dent in its balance sheet and igniting speculation it would need to merge or sell assets to repair its ...
Scandal-hit Olympus was expected to release its overdue earnings statement on Wednesday, as the camera and medical equipment maker raced to meet a deadline or risk being axed from Tokyo's stock exchange.The company, which has been embroiled in a loss cover-up scandal, ...

Former Olympus CEO returning to Japan: report

Former Olympus chief Michael Woodford will return to Japan on Tuesday, according to a report, on the eve of the deadline for the scandal-hit firm to file its accounts or risk a delisting from Tokyo's bourse.Woodford -- first ever non-Japanese president and ...

Olympus ex-CEO to meet MPs, push for Japan reform: source

TOKYO (Reuters) - The whistleblower in a $1.7 billion accounting scandal at Japan's Olympus Corp, ex-CEO Michael Woodford, plans to meet ruling-party lawmakers in Tokyo this week as he lobbies for reforms to Japanese boardrooms, a source said on Monday.Woodford, an Englishman ...

Olympus ex-CEO to meet MPs, push for Japan reform: souce

TOKYO (Reuters) - The whistleblower in a $1.7 billion accounting scandal at Japan's Olympus Corp, ex-CEO Michael Woodford, plans to meet ruling-party lawmakers in Tokyo this week as he lobbies for reforms to Japanese boardrooms, a source said on Monday.Woodford, an Englishman ...

Olympus ex-CEO Woodford to meet MPs in push for Japan reform

TOKYO (Reuters) - The whistleblower in Japan's Olympus Corp scandal, former chief executive Michael Woodford, plans to meet ruling-party lawmakers in Tokyo this week as he lobbies for reforms to Japanese boardrooms, a source said on Monday.Woodford, an Englishman who was sacked ...

Olympus ex-CEO Woodford to meet MPs in push for Japan

TOKYO (Reuters) - The whistleblower in Japan's Olympus Corp scandal, former chief executive Michael Woodford, plans to meet ruling-party lawmakers in Tokyo this week as he lobbies for reforms to Japanese boardrooms, a source said on Monday.Woodford, an Englishman who was sacked ...

Olympus preparing to file earnings by Wednesday

TOKYO (Reuters) - Olympus said it was preparing to file its July-September earnings by Wednesday, a necessary step for the disgraced 92-year-old firm to remain listed.The Japanese maker of cameras and endoscopes also said it would hold a briefing on Thursday to ...