Olympus Corporation

Olympus Corporation
Native name
オリンパス株式会社
Orinpasu Kabushiki-kaisha
Company typePublic
TYO: 7733
IndustryElectronics
Founded12 October 1919; 105 years ago (1919-10-12) (as Takachiho Seisakusho)
Shinjuku, Tokyo, Japan
FounderTakeshi Yamashita[1]
HeadquartersHachioji, Tokyo, Japan
Area served
Worldwide
Key people
Yasuo Takeuchi (president & CEO)
Products
RevenueIncrease ¥847,105 million (y/e March 2011)[2]
Owners
Number of employees
31,557 (31 March 2022)[2]
Websiteolympus-global.com

Olympus Corporation[4] is a Japanese manufacturer of optics and reprography products, headquartered in Hachioji, Tokyo. Olympus was established in 1919, initially specializing in microscopes and thermometers, and later in imaging.[5] Olympus holds roughly a 70 percent share of the global endoscope market, estimated to be worth approximately US$2.5 billion. It was formerly also a maker of cameras, camera lenses and dictaphones, until it divested this part to OM Digital Solutions in 2020.

In 2011, Olympus attracted worldwide media scrutiny when it fired its CEO Michael Christopher Woodford for whistleblowing, and the matter snowballed into a corporate corruption investigation[6] with multiple arrests.[7] In 2016, it paid US$646 million (equivalent to $804 million in 2023) in fines associated with its illegal, long running, kickback scheme.[8]

  1. ^ "Olympus History: Origin of Our Name". Retrieved 16 January 2007.
  2. ^ a b Outline, Olympus, archived from the original on 28 October 2011, retrieved 16 November 2011
  3. ^ a b "OLYMPUS CORPORATION : Shareholders Board Members Managers and Company Profile | JP3201200007 | MarketScreener". www.marketscreener.com.
  4. ^ Japanese: オリンパス株式会社, Hepburn: Orinpasu Kabushiki-gaisha
  5. ^ "Founding". History of Olympus. Olympus. Retrieved 16 January 2007.
  6. ^ Cite error: The named reference Source Name 1 was invoked but never defined (see the help page).
  7. ^ Cite error: The named reference reutersarrests was invoked but never defined (see the help page).
  8. ^ Cite error: The named reference CNNmoney was invoked but never defined (see the help page).

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