Olympus Loss Concealment Issue Tokyo Metropolitan Police Department to Conduct Full-Scale Investigation

November 11, 2011, Tokyo, Japan - Olympus Corp.'s Tokyo head office looks dim in the cold mid-autumn rain Friday, November 11, 2011, and so does the future of the company. The admission of the world's biggest maker of endoscopes that it has hidden securities losses may lead to its delisting by the Tokyo Stock Exchange as Japanese police have reportedly launched a full investigation into the company's concealment dating back to the 1980s. Olympus said it's likely to miss November 14 deadline for releasing its first-half earnings, prompting the TSE to place the Tokyo-based company on a watch list for a review for possible delisting. Olympus shares have lost around 80 per cent of their value since the scandal broke on October 14 when the company ousted British CEO Michael Woodford, who alleged overpayments in the acquisition deals. (Photo by YUTAKA/AFLO) [1040] -mis-