Olympus has just in time the corrected annual reports of the past five years and the deferred eerstehalfjaarcijfers of the current financial year at the stock exchange in Tokyo filed. The adjustments were necessary due to embezzlement with the books.
Olympus served the custom reports only a few hours before the expiration of the deadline at the fair. Also, the deferred results of operations over the first half of the year, until september 30, walked to the market authority is handed over.
In the custom documents for the first half of this financial year, to march 2012, a loss of 318 million euros. In the same period a year earlier was a profit of eur 37.4 million was recorded. The 92-year-old company would still have approximately 453 million euros in net assets, compared to an adjusted amount of 2,22 billion euro in march 2007.
Olympus working for several years with the books to losses as a result of bad investments in the nineties to brush away. In total, the investeringsverliezen at their record low of 1.58 billion euros. According to Olympus, who in the past few years fully run-in and were the net assets in the past five years, higher than the remaining losses.
If Olympus had failed to use the corrected figures on time, the company would be listing on the stock exchange of Tokyo have lost. The stock market may still decide to stop the trading in Olympus shares, but the chance of that is now become much smaller.
Michael Woodford, former ceo of Olympus and the one who is with the fraud cases came out, started a campaign to once again being appointed head of the company. This threatens the current top of Olympus to split. According to Bloomberg, would Fujifilm have interest in a takeover of the troubled manufacturer of cameras and medical equipment.