Friday May 25, 2012

JAPAN NEWS AND DISCUSSION

Tokyo Stock Exchange to keep Olympus listed

Business Jan. 21, 2012 - 06:47AM JST ( 6 )

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6 Comments

4

NetNinjaJan. 21, 2012 - 07:59AM JST

Now had that been a foreign company they would have been delisted in a heartbeat. It's going to be the greatest song and dance ever but nobody is going to get hurt. Even the people they are taking to court will go through the motions but as you will see in the end....it's just a play.

It's just a big laugh for those old guys who will be drinking Sake at a private hotel in the near future.
2

herefornowJan. 21, 2012 - 09:15AM JST

What a farce. Everyone knew they'd never de-list a high-profile part of Japan Inc. Olympus owes too much money to the big banks and other institutions. Plus the cross-holding of their stock stretch too far. But a lousy $100,000 fine is simply absurd. That is not even a slap on the wrist -- more like a love tap.
0

globalwatcherJan. 21, 2012 - 11:28AM JST

I am not sure if they are traded over the counter in NY Stock Exchange now.
1

some14someJan. 21, 2012 - 01:24PM JST

Ok, continue with corrupt business practices, shouganai :(
0

gogogoJan. 21, 2012 - 01:43PM JST

The inappropriate accounting practices had generally no effect on sales or operating profit,” the TSE said in a statement.

Weak!
0

globalwatcherJan. 22, 2012 - 01:46AM JST

Tokyo Stock Exchange has just downgraded themselves to keep Olympus listed. The Tokyo Stock Exchange has just threw credibility and accountability away. That's how global investors see it. Very stupid for a long term perspectives. The consequence will be high for the Tokyo Stock Exchange. Good luck.