Nippon Life: To Keep Supporting Olympus
24 November 2011 - 4:44PM
Dow Jones News
Nippon Life Insurance said Thursday it will continue to support
Olympus Corp. (7733.TO) for now, as it waits for the results of an
investigation by a third-party committee into Olympus's attempts to
hide investment losses over the last two decades.
While expressing concerns that Olympus didn't disclose accurate
information, a senior official at Japan's largest life insurer said
that the scandal-hit maker of cameras and medical equipment is
still an important company in Japan, given its technological
strength.
Nippon Life is one of the largest shareholders in Olympus.
-By Megumi Fujikawa, Dow Jones Newswires; 813-6269-2786;
megumi.fujikawa@dowjones.com
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