Olympus Has Enough Cash to Keep Going, President Says
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Olympus Corp. has enough cash on hand to keep the 92-year-old company in business amid a probe of schemes to hide investment losses, President Shuichi Takayama told employees yesterday.
“Continue focusing on your job and responsibilities. Our treasury section will take care of financing issues,” Takayama wrote in a posting on the company’s internal website, a copy of which was given to Bloomberg News. In a posting today, Takayama said hospitals are asking for details of the scandal before they commit to orders, with one hospital canceling its purchase.