Scandal-hit Olympus unveils new devices to rebuild firm
News On Japan via Reuters -- Mar 21
Japan's scandal-hit Olympus Corp on Wednesday unveiled three new medical products it hopes will help it out of the crisis left by a huge accounting fraud which erupted last year, threatening to destroy the 92-year-old firm.
Better known for its cameras, the company is pinning its future on medical equipment and in particular diagnostic endoscopes in which it already controls about 70 percent of the global market.
"Without growth in our medical business, I do not think there will be a revival for Olympus," Hiroyuki Sasa, the firm's president-nominee and head of Olympus's medical equipment marketing business, said at an event for the product launch.
It has survived has the $1.7 billion fraud case that surfaced last October in one of Japan's worst corporate scandals, partly because its profitable medical business, which accounts for about 40 percent of total sales.
The 24-year-old suspect in the murder of a man on a street in Kashiwa, Chiba Prefecture, on Monday is believed to have posted a profile online in which he identified himself as a "celeb NEET," meaning a celebrity without a job, according to local online news site J-Cast News. (Japan Times )
The proportion of single nonregular Japanese male workers in their 20s who have girlfriends stood at 18.7 pct in 2012, against 30.7 pct for regular employees, a government survey revealed Thursday. (Jiji Press )
Police in Kashiwa, Chiba Prefecture, on Wednesday night arrested a 24-year-old unemployed man over four knife attacks within 10 minutes that left one man dead and three others injured on a street. (Japan Today )
Japanese commercial music juggernaut AKB48 is looking to build on its wildly successful all-girl group by adding a more mature member to its teen-dominated line-up, an advert released Wednesday said.
A 27-year-old man wanted in connection with the murder of his mother in Saitama Prefecture, and who was shot by police while trying to escape in a stolen taxi on New Year's Eve, was arrested on Tuesday. (Japan Today )