Regulatory case
Securities and Exchange Surveillance Commission in relation to Olympus Corporation
- Authority
- Securities and Exchange Surveillance Commission, Japan
- Case number
- Not published
- Filed or opened
- 13 April 2012
- Organization
- Olympus Corporation
- Current stage
- Recommendation of administrative monetary penalties made on 13 April 2012. The final penalty order was not read for this review.
- Outcome
- Penalty recommended. Final order not reviewed.
Decisions and steps
- Recommendation of administrative monetary penalties of JPY 191,819,994 for false statements in securities reportsS9
Claims this case bears on
- Contradicted84Olympus said in October 2011 that the advisory fees questioned by its dismissed chief executive raised no problem and that the company had done nothing wrong.Company statement, 26 October 20116 records citedAccounting
- Supported74A third-party committee appointed by Olympus reported in December 2011 that former executives had concealed investment losses and that the management was rotten to the core.Press report, 6 December 20114 records citedAccounting
Sources
- S9Tier A Recommendation in relation to false statements in annual securities reports, etc. of Olympus CorporationSecurities and Exchange Surveillance Commission, Japan. Regulator press release. 13 April 2012.The securities regulator's watchdog recommended administrative monetary penalties of JPY 191,819,994 for false statements that overstated consolidated net assets. It is a recommendation, not the final penalty order, and it does not cover the criminal case.Link working, checked 25 October 2026