| Updated:
Olympus wants to go it alone despite falling to £260m loss
OLYMPUS, the scandal-hit technology company, said it may shun outside investment as it forecast it would fall to a ¥32bn (£260m) full year loss.
It had been considering a cash injection from other Far East electrical companies but its medical equipment arm appears solid.
When asked if Olympus could continue without a capital boost, president Shuichi Takayama said yesterday: “I think it’s a possibility”.
The firm said it now expects a ¥32bn net loss for the financial year ending 31 March, hit by impairment losses in its ailing camera business and tax asset write-downs.
That compared with a ¥3.87bn net profit in the prior year, and its previous forecast for an ¥18bn profit that it withdrew in the wake of the £1bn accounting scandal.