Olympus meets earnings deadline to stay in TSE

Japanese optical equipment manufacturer Olympus has submitted long delayed earnings reports on Wednesday, only hours before a crucial deadline to avoid being removed from the Tokyo Stock Exchange.

The TSE, the world’s second largest bourse, has now removed the company from its watch list for automatic ejection. However, Olympus continues to be at risk of being delisted pending results of an investigation into the group’s accounting practices.

The camera maker reported net assets of ¥46bn as of the end of September, according to its surrendered financial report for the second quarter.

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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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