Olympus Corp., the camera maker that admitted committing accounting fraud and lost 59 percent of its value last year, predicted an annual loss of ¥32 billion — worse than analysts' estimates.
The fraud scandal, which broke in October, had no major impact on business, the Tokyo-based company said in a statement Monday. Analysts from Barclays Capital and Deutsche Bank Group estimated a ¥25.5 billion average loss.
The world's biggest maker of endoscopes plans a special shareholder meeting on April 20 for investors to vote on new management. Any decision on a strategic alliance will be determined by the next board, President Shuichi Takayama said last month.