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December 22, 2024
 

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OLYMPUS

Former Olympus Chief Executive Stefan Kaufmann was indicted over alleged violations of law concerning controlled substances.
JAPAN / Crime & Legal
Nov 28, 2024
Former Olympus CEO indicted on suspected violation of drug laws
Stefan Kaufmann was forced to resign last month after the allegation surfaced that he bought illegal drugs.
Former Olympus President Stefan Kaufmann
JAPAN / Crime & Legal
Nov 12, 2024
Papers sent on ex-Olympus president over illegal drug purchase
The 56-year-old ex-head of the Japanese medical equipment maker has admitted to the alleged violation of the special law on narcotics.
Olympus CEO Stefan Kaufmann has resigned over an allegation he bought illegal drugs, the company announced Monday.
BUSINESS
Oct 28, 2024
Olympus CEO exits after probe into drug-buying allegation
Stefan Kaufmann has resigned all positions effective immediately, the company said in a statement.
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
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
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.
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.
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.
Freed anti-whaling campaigner Paul Watson arrives in France
U.S.-Canadian anti-whaling environmental activist Paul Watson, who was released from prison in Greenland's capital Nuuk after five months in detention, arrives with Lamya Essemlali, president of Sea Shepherd France, at Charles de Gaulle Airport in Roissy-en-France, near Paris, on Friday.
Nippon Steel alleges undue White House influence on doomed deal review
U.S. President Joe Biden delivers remarks on the economy at the Brookings Institution in Washington on Dec. 10.
Record 78% of people in Japan feel anxious, government survey finds
The public opinion survey on people's lives, conducted by the Cabinet Office, found that 28.1% of respondents think that their standard of living is at a lower-middle level among the general public — the highest percentage to give that response in 35 years.
Police raided suspect's home to arrest him after fatal Kitakyushu stabbing
Broken window glass is seen at Masanori Hirabaru's house in Kitakyushu's Kokuraminami Ward.
Taiwan lawmakers brawl over bills that would 'damage democracy'
Lawmakers from the Democratic Progressive Party and opposition party Kuomintang brawl in parliament in Taipei on Friday.
Casual workouts, cool living, ‘complete’ food: Japan’s health trends of 2024
In 2024, efficiency trumped effort among Japan's fitness-focused aspirants.
The mighty Mekong River's growing plastic problem
A group of elephant keepers in Chiang Saen, Thailand, remove plastic waste from the Ruak River, a tributary of the Mekong River, as a pair of Asian elephants bathe behind them.
Japanese officials inspect Yokota Air Base over PFAS concerns
The Yokota Air Base in western Tokyo in September 2019. An inspection of the base by Japanese government officials on Friday came amid public pressure to investigate suspected links between the use of PFAS-containing firefighting foam by the U.S. base and contamination of soil and groundwater in western Tokyo.
Crime numbers rise in Japan for second straight year
A police officer stands in front of the residence of a man alleged to have stabbed two junior high school students in Kitakyushu.
A year of Oscar wins and a quiet push for diversity
Ryusuke Hamaguchi’s “Evil Does Not Exist,” released in Japanese theaters in April, sharply dramatizes the clash between rural and urban values. The film won five awards at the 2023 Venice Film Festival, including the second-place Silver Lion prize.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
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mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world

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