Thursday 9 August 2012

Olympus says expects creditors to continue loans

Man sits near a logo of Japan's Olympus Corp at the company headquarters in Tokyo TOKYO (Reuters) - Olympus Corp said on Thursday it expects creditors to continue providing loans despite the fact that misreported financial statements in the past meant the Japanese medical equipment maker had violated covenants on some loans. Olympus, which was rocked by a massive accounting scandal that came to light last year, revised its securities report for the financial year ended March, saying that through misreporting of financial statements, it had violated covenants for long-term debts worth 320 billion yen ($4.1 billion). ...




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