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 (1919-10-12) (as Takachiho Seisakusho)
Shinjuku, Tokyo, Japan
FounderTakeshi Yamashita[1]
HeadquartersHachioji, Tokyo, Japan
Area served
Worldwide
Key people
Stefan Kaufmann (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 (Japanese: オリンパス株式会社, Hepburn: Orinpasu Kabushiki-gaisha) is a Japanese manufacturer of optics and reprography products. Olympus was established on 12 October 1919, initially specializing in microscopes and thermometers.[4] Olympus holds roughly a 70 percent share of the global endoscope market, estimated to be worth approximately US$2.5 billion. Its global headquarters are located in Hachioji, Tokyo, Japan.

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[5] with multiple arrests.[6] In 2016, it paid US$646 million (equivalent to $804 million in 2023) in fines associated with its illegal, long running, kickback scheme.[7]

  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. ^ "Founding". History of Olympus. Olympus. Retrieved 16 January 2007.
  5. ^ Cite error: The named reference Source Name 1 was invoked but never defined (see the help page).
  6. ^ Cite error: The named reference reutersarrests was invoked but never defined (see the help page).
  7. ^ Cite error: The named reference CNNmoney was invoked but never defined (see the help page).

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