Olympus Corporation ( Orinpasu Kabushiki-gaisha) is a Japan-based manufacturer of optics and reprography products. Olympus was established on 12 October 1919, initially specializing in microscope and thermometer businesses.[3] Olympus enjoys a majority share of the world market in gastro-intestinal endoscopes. It has a roughly 70% share of the global market whose estimated value is US$2.5 billion. Its global headquarters are in Shinjuku, Tokyo, Japan.
In late 2011, the company fired its newly appointed British president, precipitating a scandal that wiped 75% off the company`s stock market valuation and resulted in the arrest of 11 Olympus directors and senior managers for alleged criminal activities. All were Japanese. The board`s dismissal of its British president arose from his unwelcome formal notification about dubious company activities and he was not tainted by the scandal that he had brought to the board`s attention. The Olympus scandal was one of the biggest and most durable loss-concealing scams in the history of corporate Japan.
www.olympus.com.sg - 10579 - Olympus Corporation
