Key Developments: Olympus Corp (7733.T)

7733.T on Tokyo Stock Exchange

4,425JPY
26 Dec 2014
Price Change (% chg)

¥-30 (-0.67%)
Prev Close
¥4,455
Open
¥4,440
Day's High
¥4,455
Day's Low
¥4,385
Volume
738,700
Avg. Vol
1,569,023
52-wk High
¥4,665
52-wk Low
¥2,800

Search Stocks

Latest Key Developments (Source: Significant Developments)

Olympus Corp Announces Extraordinary Loss for Q2 of FY 2014
Thursday, 26 Sep 2013 10:30pm EDT 

Olympus Corp announced that it will record a JPY 260 million extraordinary loss on the payment for lawsuit settlement, for the second quarter of the fiscal year ending March 2014.  Full Article

Olympus Corp Announces Prosecution by UK Serious Fraud Office
Tuesday, 3 Sep 2013 11:00pm EDT 

Olympus Corp announced that the Company and its subsidiaries have been under investigation by the UK Serious Fraud Office (the “SFO”) in connection with its past activities in deferring the posting of losses as referred to in the press release titled “Notice Concerning Past Activities Regarding Deferral in Posting of Losses” on November 8, 2011. The Company has been cooperating fully with the SFO’s investigation. Having completed its investigation, the SFO has decided to bring a prosecution against the Company and Gyrus Group Limited, a United Kingdom-based subsidiary of the Company (“GGL”) on charges of breaching Section 501 of the UK Companies Act of 2006. The Company and GGL received requisitions issued by the SFO on September 3, 2013. Section 501 of the UK Companies Act 2006 provides the charges against certain person who made misleading or deceptive explanation to the auditors in connection with financial accounting of a UK company. The charges against the Company and GGL allege that certain representations made to the auditors of GGL in the documents related to GGL’s financial accounts for the fiscal years 2009 and 2010 were misleading, false or deceptive in a material particular, contrary to Section 501 of the UK Companies Act of 2006. After a hearing date before the Magistrates’ Court, it is expected that the matter will be transferred to the Crown Court for the future steps of the proceedings.  Full Article

R&I Upgrades Rating on Moves Olympus Corp to "BBB+"; Removes from Rating Monitor
Sunday, 18 Aug 2013 10:30pm EDT 

Rating and Investment Information, Inc. (R&I) announced that it has removed Olympus Corp from rating monitor, and has upgraded the rating on Olympus Corp from "BBB" to "BBB+". The outlook is stable.  Full Article

Olympus Corp Announces Full-year Forecast for FY 2014 Below Analysts' Estimate- Dow Jones
Wednesday, 7 Aug 2013 02:00pm EDT 

Dow Jones reported that Olympus Corp is expecting the full-year revenue to be JPY 700 billion, operating profit to be JPY 71 billion, pretax profit to be JPY 48 billion, net profit to be JPY 30 billion and earning per share to be JPY 87.66 for the fiscal year ending March 2014. According to I/B/E/S Estimates, analysts on average are expecting the Company to report its full-year consolidated outlook for revenue of JPY 713.45 billion, operating profit of JPY 78.03 billion and net profit of JPY 33.43 billion, for the same fiscal year.  Full Article

Olympus Corp Announces Issue Price and Selling Price of Shares in Overseas Market
Thursday, 18 Jul 2013 03:50am EDT 

Olympus Corp announced that it has decided the issue price of new shares to be issued in overseas market on July 25, 2013 at JPY 2,886 per share, and the selling price of shares to be sold in overseas market on July 25, 2013 at JPY 2,886 per share.  Full Article

Olympus Corp Announces Lawsuit Filed by Institutional Investors and Funds
Tuesday, 16 Jul 2013 07:00am EDT 

Olympus Corp announced that 43 overseas institutional investors and pension funds have filed a lawsuit against the Company on June 27, 2013, claiming a compensation of JPY 16,832,345,953 and related interests for the misstatement in its financial reports.  Full Article

R&I Places Rating Monitor on Olympus Corp with Positive Direction
Monday, 8 Jul 2013 10:26pm EDT 

Rating and Investment Information, Inc. (R&I) announced that it has placed rating monitor on Olympus Corp with positive direction.  Full Article

Olympus Corp Announces Verdict of Lawsuit
Monday, 8 Jul 2013 04:00am EDT 

Olympus Corp announced that on July 3, 2013, Tokyo District Court has announced the verdict regarding the lawsuit filed by Tokyo District Public Prosecutor's Office against the Company, due to the Company's violation of Financial Instruments and Exchange Act. According to the lawsuit, the Company was requested to pay a penalty of JPY 700 million.  Full Article

Olympus Corp to Issue New Shares in Overseas Market and to Distribute Treasury Stock
Monday, 8 Jul 2013 04:00am EDT 

Olympus Corp announced that it has decided to issue up to 37,000,000 new shares of its common stock in the United States and Europe markets, with SMBC Nikko Capital Markets Limited, UBS Limited and Morgan Stanley & Co. International plc as underwriters. The issuance price will be decided later. The Company also announced that it has decided to distribute 4,000,000 shares of its treasury stock, in the United States and Europe markets. The price will the same as the newly issued shares.  Full Article

Olympus Corp to Establish Joint Venture with Sony Corp
Wednesday, 3 Apr 2013 02:00am EDT 

Olympus Corp announced that it will establish a joint venture engaged in medical business with Sony Corp on April 16, 2013. The details were disclosed on September 28, 2012.  Full Article

BRIEF-Olympus says to post 4.36 billion yen special loss in Q3

* Says special loss related to compensation to investor over false statements in past securities reports Further company coverage: (Tokyo newsroom)

Search Stocks