Olympus Corporation
Japanese optics company
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| October 22 2020 | The Supreme Court of Japan upheld the 2019 Tokyo District Court ruling against Kikukawa, Yamada, and Mori. |
| August 22 2019 | The Tokyo District Court fined bankers Akio Nakagawa and Hajime Sagawa 0.5 billion yen (USD 5 million) in a shareholder derivative suit. |
| May 16 2019 | The Tokyo District Court imposed the largest shareholder derivative suit fine in Japanese history, fining Tsuyoshi Kikukawa, Hideo Yamada, and Hisashi Mori 59.4 billion yen (USD 594 million). |
| 2018 | The documentary received a limited theatrical release in Japan and was renamed 'Samurai and Idiots: The Olympus Affair'. |
| 2015 | BBC 4 aired the television documentary '1.7 Billion Dollar Fraud: Full Exposure' about the Olympus financial scandal. |
| July 1 2015 | The Tokyo District Court sentenced three securities brokers of Olympus: Nobumasa Yokoo (head of Global Company Inc.) received four years in prison with a 10 million yen fine, Taku Hata received three years in prison with a 6 million yen fine, and Hiroshi Ono received a four-year suspended sentence with a 4 million yen fine. |
| December 8 2014 | The Tokyo District Court gave Akio Nakagawa a suspended sentence of three years with a fine of 7 million yen (USD 70,000), which was later upheld by the Supreme Court of Japan on 13 June 2018. |
| September 5 2013 | The Financial Services Agency of the Japanese government reduced the fine against Olympus Corporation to 20 million yen (USD 200,000) for breaching the Financial Instruments and Exchange Act, down from the original 190 million yen announced in July 2012. |
| July 3 2013 | The Tokyo District Court imposed a 700 million yen (USD 7 million) fine on Olympus Corporation for breaching the Financial Instruments and Exchange Act. Tsuyoshi Kikukawa, Hideo Yamada, and Hisashi Mori received 4 to 5 years of suspended sentences. |
| May 29 2012 | Michael Woodford and Olympus settled Woodford's claim for damages for a reported £10 million, with final approval expected at the 8 June board meeting. |
| February 16 2012 | Seven individuals were arrested in Tokyo in connection with the Olympus scandal, including ex-president Tsuyoshi Kikukawa, former executive vice-president Hisashi Mori, former statutory auditor Hideo Yamada, former bankers Akio Nakagawa and Nobumasa Yokoo, and two other unnamed individuals. |
| November 8 2011 | Olympus officially admits its accounting practices were 'inappropriate' and acknowledges using money to cover investment losses dating back to the 1990s, blaming former president Tsuyoshi Kikukawa, auditor Hideo Yamada, and executive vice-president Hisashi Mori. |
| October 26 2011 | Tsuyoshi Kikukawa is replaced by Shuichi Takayama as chairman, president, and CEO of Olympus amid the unfolding accounting scandal. |
| October 14 2011 | Michael Christopher Woodford is suddenly ousted as chief executive of Olympus after exposing a massive accounting fraud scheme, just six months after becoming company president and two weeks after being promoted to CEO. |
This contents of the box above is based on material from the Wikipedia article Olympus scandal, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.