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Olympus Corp. ADR (OCPNY)

- OTCPK - Current
  • Wed, Apr. 1, 7:23 AM
    • Sony (NYSE:SNE) said it would book ¥46.8B ($390.4M) in capital gains as it lowered its stake in camera and endoscope maker Olympus (OTCPK:OCPNY) to 5% from 10% through a sale to JPMorgan.
    • "We decided on this move to strengthen our financial base and to secure funds for investing in growth," a Sony spokesman said.
    • Sony bought shares in Olympus in a partnership announced in 2012, providing it with cash to fix its depleted finances after an accounting scandal forced it to restate several years of earnings.
    | Wed, Apr. 1, 7:23 AM | Comment!
  • Apr. 3, 2013, 11:25 AM
    Sony (SNE -3.2%) and Olympus (OCPNY.PK) plan to set up their medical device joint venture on April 16 after landing antitrust approval in key regions. Sources say China is still a sticking point.
    | Apr. 3, 2013, 11:25 AM | 1 Comment
  • Mar. 7, 2013, 8:02 PM
    Japanese stocks move higher yet again today as the yen eased back down to 2009 levels and pushed the Nikkei Average up 1.1% to 12,100. Exporters lead the gains: Olympus Corp. JP:7733 +1.00% (OCPNY.PK +3.4%), Toshiba (TOSYY.PK +2.3%), Nintendo (NTDOY.PK +4.7%, Advantest (ATE +3.3%), and Mazda (MZDAY.PK +4.4%).
    | Mar. 7, 2013, 8:02 PM | 2 Comments
  • Mar. 6, 2013, 7:23 PM
    Japanese stocks move higher again today, extending recent gains with the help of a weaker yen. The Nikkei Average broke above 12,000 for the first time since September 2008, rising 1% to 12,049, with exporters leading once again: Advantest (ATE +1.5%), Hitachi (HTHIY.PK +1.1%), Bridgestone (BRDCY.PK +2.7%), Toyota (TM +0.7%), and Olympus (OCPNY.PK +2.9%).
    | Mar. 6, 2013, 7:23 PM | Comment!
  • Feb. 13, 2013, 8:29 PM
    Japanese stocks move higher in early trading, as investors shrug off weak GDP data and focus their attention on a central bank decision due out later in the day. The Nikkei Average rose 0.4% to 11,291, with the blue chips most active: Sony (SNE +1.3%), Fujitsu (FJTSY.PK +0.7%), Olympus (OCPNY.PK +1.2%), Hitachi (HTHIY.PK -1%) and Nissan (NSANY.PK -0.8).
    | Feb. 13, 2013, 8:29 PM | 3 Comments
  • Feb. 12, 2013, 8:14 PM
    Japanese shares slip today on the back of some weak earnings reports and a slightly stronger yen. The Nikkei Average is down 0.5% to 11,315, with exporters leading declines: Sony (SNE -2.2%), Nissan (NSANY.OB -1%), Mazda (MZDAY.PK -2.6%), and Panasonic (PC -2.4%). Earnings disappointments also moved shares of Pioneer (PNCOF.PK -5.8%) down after saying it plans to cut jobs and now expects to post a FY year loss, Olympus (OCPNY.PK -3.3%) also slips after posting a narrower quarterly loss but trimming its own FY forecast due to weak camera sales.
    | Feb. 12, 2013, 8:14 PM | Comment!
  • Jan. 14, 2013, 7:30 PM
    Japanese stocks move higher in early trade as investors returned from a three-day weekend to price in another big move lower in the yen. The Nikkei Average rose 1% to 10,909, with exporters leading the way again: Sony (SNE +2.4%), Panasonic (PC +2.7%), Olympus (OCPNY.PK +3.6%), Honda (HMC +1.5), Mazda (MZDAY.PK +1.5%).
    | Jan. 14, 2013, 7:30 PM | Comment!
  • Dec. 17, 2012, 8:13 PM
    Japanese shares are higher in early trade, extending their gains from yesterday on strength in the yen and a boost from Wall Street overnight. The Nikkei Average is up 0.5% to 9,872, with blue-chip exporters leading: Olympus (OCPNY.PK +2%), Sharp (SHCAY.PK +5.7%), Mazda (MZDAY.PK +1.3%), Kawasaki Heavy Industries (KWHIF.PK +1.5%) and Nomura (NMR +3.5%).
    | Dec. 17, 2012, 8:13 PM | Comment!
  • Sep. 27, 2012, 1:23 PM
    Sony (SNE +2.4%) moves ahead with its plan to take a stake in Olympus (OCPNY.PK) with a ¥50B ($644M) investment for a 11% holding in the embattled company. The two companies will set up a JV to develop new medical equipment as Sony eyes ways to make up for its struggling electronics business. Though the deal was expected, ratings agencies could still have to something more to say about Sony's latest venture.
    | Sep. 27, 2012, 1:23 PM | 1 Comment
  • Sep. 25, 2012, 4:58 AM
    Sony (SNE) is likely to this week authorize an investment of ¥50B ($642M) in cash-strapped Olympus in return for a 10% stake, Reuters reports. The companies would create a JV to develop medical equipment, which would provide Sony with new sources of revenue. Meanwhile, Olympus and three former execs, including ex-chairman Tsuyoshi Kikukawa, have pleaded guilty to charges connected to the company's $1.7B accounting fraud.
    | Sep. 25, 2012, 4:58 AM | Comment!
  • Jul. 24, 2012, 2:49 AM
    Olympus (OCPNY.PK) is continuing discussions with Sony (SNE), Terumo and Fujifilm about possible capital-boosting tie-ups, with a "50-50" chance that Olympus will choose Sony, according to Chairman Yasuyuki Kimoto.
    | Jul. 24, 2012, 2:49 AM | Comment!
  • Jun. 7, 2012, 8:07 PM
    Olympus (OCPNY.PK) is considering selling 10% of its shares to a single investor. Likely candidates to make the investment include Sony (SNE) and Panasonic (PC). The firm is expected in the next day or so to reveal a new strategy which will to include capital raising plans.
    | Jun. 7, 2012, 8:07 PM | Comment!
  • Jun. 7, 2012, 3:19 AM
    Panasonic (PC) flatly denies any plans to invest in Olympus (OCPNY.PK). A media report yesterday suggested Panasonic was preparing to provide up to $635M.
    | Jun. 7, 2012, 3:19 AM | Comment!
  • Jun. 6, 2012, 3:36 AM
    Panasonic (PC) is making final arrangements to provide up to ¥50B ($635M) to Olympus (OCPNY.PK), according to Kyodo news agency. The cash injection would make Panasonic the company's largest shareholder.
    | Jun. 6, 2012, 3:36 AM | 1 Comment
  • May 30, 2012, 4:17 AM
    Sony (SNE) and Panasonic (PC) are the lead contenders to take an equity stake in Olympus (OCPNY.PK), according to the Asahi Shimbun. A decision is expected by the end of June, with the winner likely to take a 10%+ stake worth several hundred million dollars. In Tokyo: Olympus +4%, Sony -1.9%, Panasonic -2.2%.
    | May 30, 2012, 4:17 AM | Comment!
  • Apr. 3, 2012, 6:03 AM
    Despite receiving investment offers, Olympus (OCPNY.PK) President Hiroyuki Sasa believes the company may be able to recover from its $1.7B fraud scandal without accepting the money. It seems like a tough ask: Sasa wants to strengthen Olympus' capital ratio from 4.4% to 30%-40%, implying the need for an extra ¥240B ($2.93B) to ¥330B.
    | Apr. 3, 2012, 6:03 AM | Comment!
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Company Description
Olympus is the parent company of a group engaged in the manufacturing and sale of visual equipment, medical equipment, and industrial equipment. Co.'s principal products include film cameras, digital cameras, tape recorders, IC recorders Voice-Trek?series, MO (magneto-optic) drives; medical... More