Olympus targets Sony, Fujifilm, Terumo for tie-ups

Tokyo: Japan’s Olympus Corp is considering Sony, Fujifilm Holdings and Terumo among options for capital tie-ups to shore up its finances, nominee president Hiroyuki Sasa said on Tuesday.

[caption id=“attachment_264194” align=“alignleft” width=“380” caption=“Olympus Corp is considering Sony, Fujifilm Holdings and Terumo among options for capital tie-ups to shore up its finances. Reuters”]  [/caption]

Sasa also said Olympus, seeking to emerge from a $1.7 billion accounting scandal, may not seek a public stock offering or tie-ups with third parties to strengthen its capital.

Asked if the three companies are under consideration for capital tie-ups, Sasa said: “We are considering such tie-ups as options.”

But he wants to keep his options open, he said in an interview.

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Olympus nominated executive officer Sasa in February to become president, subject to approval at its 20 April shareholders’ meeting.

Reuters