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Olympus shareholders' meeting

TOKYO, Japan - A man enters the venue of a shareholders' meeting of Olympus Corp. in Tokyo on June 28, 2012. Olympus President Hiroyuki Sasa pledged to shareholders to make utmost efforts to restore trust and improve its corporate value after the Japanese camera and medical equipment maker was hurt by an investment loss coverup scandal.

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Olympus to cut 2,700 jobs

TOKYO, Japan - Olympus Corp. President Hiroyuki Sasa speaks during a press conference in Tokyo on June 8, 2012. Olympus announced a five-year business plan to cut around 2,700 jobs by March 2014 and scrap about 40 percent of its 30 plants worldwide by March 2015 to improve its financial standing following the revelation of its investment loss coverup.

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Sasa to become next Olympus president

TOKYO, Japan - Hiroyuki Sasa, executive officer of Olympus Corp., holds a press conference in Tokyo on Feb. 27, 2012. The Japanese camera and medical equipment maker said the same day it has decided to appoint Sasa to succeed President Shuichi Takayama, who will step down to take responsibility for the company's loss coverup scandal.

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Ex-Olympus CEO Woodford at press conference

LONDON, Britain - Michael Woodford, former president and chief executive officer of Olympus Corp., gives a press conference in London on Feb. 16, 2012, following the arrest of former Olympus Chairman and President Tsuyoshi Kikukawa, two other former executives and a former securities company employee on suspicion of falsifying the company's financial reports in its massive investment loss coverup.

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Olympus head office in Tokyo

TOKYO, Japan - Photo taken in November 2011 shows the building housing the headquarters of Olympus Corp., a Japanese camera and medical equipment maker, in Tokyo's Shinjuku Ward. Prosecutors on Feb. 16, 2012, arrested former Olympus Chairman and President Tsuyoshi Kikukawa, two other former executives and a former securities company employee on suspicion of falsifying the company's financial reports in an investment loss coverup.

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Olympus raided

TOKYO, Japan - Prosecutors head to the apartment of former Olympus Corp. Chairman and President Tsuyoshi Kikukawa in Kawasaki, Kanagawa Prefecture, for a search on Dec. 21, 2011. Investigators searched offices and locations related to Olympus the same day on suspicion of falsification of financial reports in connection with the coverup of the company's massive investment losses.

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Olympus executives bow in apology over scandal

TOKYO, Japan - Olympus Corp. President Shuichi Takayama (far L) and other executives of the camera and medical equipment maker bow at a press conference in Tokyo on Dec. 15, 2011, in a gesture of apology for accounting fraud involving a coverup of colossal losses.

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Olympus to hold shareholders' meeting

TOKYO, Japan - Olympus Corp. President Shuichi Takayama speaks in a press conference in Tokyo on Dec. 15, 2011. He said the company, which is mired in a financial loss coverup scandal, plans to hold an extraordinary shareholders' meeting in March or April 2012.

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Olympus president Takayama

TOKYO, Japan - Olympus Corp. President Shuichi Takayama gives a press conference at a hotel in Tokyo on Dec. 7, 2011, after a panel set up by the company released a report the previous day on Olympus' coverup of investment losses.

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Panel reports on Olympus' loss coverup

TOKYO, Japan - Lawyer Tatsuo Kainaka, chairman of a third-party panel set up by Olympus Corp. to probe the company's coverup of investment losses, holds a press conference in Tokyo on Dec. 6, 2011, to announce the findings of the panel's investigation.

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Panel reports on Olympus' loss coverup

TOKYO, Japan - Lawyer Tatsuo Kainaka (C), chairman of a third-party panel set up by Olympus Corp. to probe the company's coverup of investment losses, and other panel members hold a press conference in Tokyo on Dec. 6, 2011, to announce their findings.

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Ex-Olympus head Woodford interviewed by U.S. investigators

NEW YORK, United States - Former Olympus Corp. President Michael Woodford (L) is pictured on his way to the U.S. Attorney's Office in New York on Nov. 29, 2011. The Federal Bureau of Investigation and other U.S. investigators later interviewed him there as part of their probe related to the Japanese firm's coverup of investment losses.

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Ex-Olympus head Woodford interviewed by U.S. investigators

NEW YORK, United States - Former Olympus Corp. President Michael Woodford is pictured in New York on Nov. 29, 2011, after being interviewed by the Federal Bureau of Investigation and other U.S. investigators as part of their probe related to the Japanese firm's coverup of investment losses.

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EX-Olympus CEO Woodford leaves Japan

NARITA, Japan - Former Olympus Corp. President and Chief Executive Officer Michael Woodford speaks to reporters at Narita airport in Chiba Prefecture on Nov. 26, 2011, prior to his departure to the United States to meet U.S. authorities to cooperate in a probe related to the company's coverup of investment losses. During his stay in Japan, Woodford met with Japanese investigative authorities and attended an Olympus board meeting.

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Ex-Olympus chief Woodford in Tokyo

TOKYO, Japan - Michael Woodford, former chief executive officer and president of Olympus Corp., makes a speech in Tokyo on Nov. 24, 2011. Woodford was visiting Japan to meet with Japanese investigative authorities probing the camera and medical equipment maker's coverup of investment losses.

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Ex-Olympus chief Woodford in Tokyo

TOKYO, Japan - Reporters swarm around Michael Woodford (far R), former chief executive officer and president of Olympus Corp., after he visited the Metropolitan Police Department in Tokyo on Nov. 24, 2011. Woodford met with Japanese investigators over the camera and medical equipment maker's coverup of investment losses.

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Ex-Olympus chief Woodford in Tokyo

TOKYO, Japan - Michael Woodford, former chief executive officer and president of Olympus Corp., meets reporters after visiting the Metropolitan Police Department in Tokyo on Nov. 24, 2011. Woodford met with Japanese investigators over the camera and medical equipment maker's coverup of investment losses.

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Ex-Olympus chief Woodford in Tokyo

TOKYO, Japan - Michael Woodford, former chief executive officer and president of Olympus Corp., meets reporters after visiting the Metropolitan Police Department in Tokyo on Nov. 24, 2011. Woodford met with Japanese investigators over the camera and medical equipment maker's coverup of investment losses.

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Ex-Olympus chief Woodford arrives in Japan

NARITA, Japan - Michael Woodford, former chief executive officer and president of Olympus Corp., meets reporters upon arrival at Narita airport near Tokyo on Nov. 23, 2011. Woodford arrived in Japan to meet with Japanese investigative authorities probing the camera and medical equipment maker's coverup of investment losses.

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Ex-Olympus chief Woodford arrives in Japan

NARITA, Japan - Michael Woodford, former chief executive officer and president of Olympus Corp., meets reporters upon arrival at Narita airport near Tokyo on Nov. 23, 2011. Woodford arrived in Japan to meet with Japanese investigative authorities probing the camera and medical equipment maker's coverup of investment losses.

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Ex-Olympus chief Woodford arrives in Japan

NARITA, Japan - Michael Woodford, former chief executive officer and president of Olympus Corp., is surrounded by reporters upon arrival at Narita airport near Tokyo on Nov. 23, 2011. Woodford arrived in Japan to meet with Japanese investigative authorities probing the camera and medical equipment maker's coverup of investment losses.

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Ex-Olympus President Woodford

LONDON, Britain - Former Olympus Corp. President Michael Woodford speaks during a press conference in London on Nov. 21, 2011. Woodford criticized a third-party panel set up by the company to probe its coverup of past securities investment losses, after the panel denied reports of organized crime's involvement in the scandal.

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Coast Guard hit by coverup allegation

HIROSHIMA, Japan - Toshihiro Hayashi, chief of the 6th Regional Coast Guard Headquarters, bows at the beginning of a press conference in Hiroshima on Aug. 21, 2010. Hayashi apologized over the Coast Guard failing to make public that the fatal crash of one of its helicopters occurred during a demonstration flight.

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Toyota Motor president denies safety risk coverup

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda (R) speaks about the automaker's massive global recalls at a news conference with Executive Vice President Shinichi Sasaki in Tokyo on Feb. 17, 2010.

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Toyota Motor president denies safety risk coverup

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda (R) sits for a press conference about the automaker's massive global recalls in Tokyo on Feb. 17, 2010. Toyoda denied accusations that the company had attempted to cover up a recent spate of safety problems and promised to take measures to reinforce quality control.

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Toyota Motor president denies safety risk coverup

TOKYO, Japan - Toyota Motor Corp. Executive Vice President Shinichi Sasaki (L) and President Akio Toyoda (2nd from L) attend a press conference in Tokyo on Feb. 17, 2010, at which Toyoda denied accusations that the company had attempted to cover up a recent spate of safety problems and promised to take measures to reinforce quality control.

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Toyota Motor president denies safety risk coverup

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda speaks about the automaker's massive global recalls at a news conference in Tokyo on Feb. 17, 2010. Toyoda denied accusations that the company had attempted to cover up a recent spate of safety problems and promised to take measures to reinforce quality control.

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Toyota Motor president denies safety risk coverup

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda speaks about the automaker's massive global recalls at a news conference in Tokyo on Feb. 17, 2010. Toyoda denied accusations that the company had attempted to cover up a recent spate of safety problems and promised to take measures to reinforce quality control.

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Ex-MSDF officer denies organized refueling data coverup

TOKYO, Japan - Masayoshi Teraoka (C), a retired senior Maritime Self-Defense Force officer, leaves a closed-door session of the House of Representatives committee on antiterrorism and Iraq reconstruction affairs on Nov. 7. Teraoka denied an organized coverup of the MSDF's mishandling of refueling data in 2003 in testimony at the session.

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M'bishi Motors, ex-execs plead not guilty to coverup

YOKOHAMA, Japan - Former Mitsubishi Fuso Chairman Takashi Usami (left) and former Mitsubishi Motors Managing Director Akio Hanawa (middle, back) enter the Yokohama Summary Court building for the first court hearing Sept. 1 on the charge of falsifying reports submitted to authorities on defects in wheel hubs that resulted in a fatal accident in Yokohama in 2002. The company and the former executives pleaded not guilty. (Kyodo)

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Ex-MSDF officer denies organized refueling data coverup

TOKYO, Japan - Masayoshi Teraoka (C), a retired senior Maritime Self-Defense Force officer, leaves a closed-door session of the House of Representatives committee on antiterrorism and Iraq reconstruction affairs on Nov. 7. Teraoka denied an organized coverup of the MSDF's mishandling of refueling data in 2003 in testimony at the session. (Kyodo)

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TEPCO head apologizes for ban of term "meltdown" in Fukushima crisis

Tokyo Electric Power Co. President Naomi Hirose attends a press conference at the company's headquarters in Tokyo on June 21, 2016, alongside Managing Executive Officer Takafumi Anegawa. Hirose apologized over his predecessor's instruction not to use the term "core meltdown" in describing the situation at the Fukushima Daiichi nuclear complex in the early days of the 2011 crisis, calling the instruction a "coverup." (Kyodo) ==Kyodo

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TEPCO head apologizes for ban of term "meltdown" in Fukushima crisis

Tokyo Electric Power Co. President Naomi Hirose (L) and Managing Executive Officer Takafumi Anegawa bow in apology during a press conference at the company's headquarters in Tokyo on June 21, 2016. Hirose apologized over his predecessor's instruction not to use the term "core meltdown" in describing the situation at the Fukushima Daiichi nuclear complex in the early days of the 2011 crisis, calling the instruction a "coverup." (Kyodo) ==Kyodo

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TEPCO head apologizes for ban of term "meltdown" in Fukushima crisis

Tokyo Electric Power Co. President Naomi Hirose speaks at a press conference at the company's headquarters in Tokyo on June 21, 2016. Hirose apologized over his predecessor's instruction not to use the term "core meltdown" in describing the situation at the Fukushima Daiichi nuclear complex in the early days of the 2011 crisis, calling the instruction a "coverup." (Kyodo) ==Kyodo

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Mitsubishi Motors, former execs found not guilty over coverup

YOKOHAMA, Japan - Takashi Usami (R), former vice president of Mitsubishi and former chairman of Mitsubishi Fuso Truck & Bus Corp., Tadashi Koshikawa (C), Mitsubishi's former operating officer, and Akio Hanawa, former executive director at Mitsubishi, head for the Yokohama District Court in Yokohama on Dec. 13 to hear the court's ruling on them. The court found Mitsubishi Motors and the three men not guilty on charges related to falsifying defect reports on its truck wheel hubs, which resulted in a fatal accident in Yokohama in January 2002. (Kyodo)

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Coast Guard hit by coverup allegation

HIROSHIMA, Japan - Toshihiro Hayashi, chief of the 6th Regional Coast Guard Headquarters, bows at the beginning of a press conference in Hiroshima on Aug. 21, 2010. Hayashi apologized over the Coast Guard failing to make public that the fatal crash of one of its helicopters occurred during a demonstration flight. (Kyodo)

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Sasa to become next Olympus president

TOKYO, Japan - Hiroyuki Sasa, executive officer of Olympus Corp., holds a press conference in Tokyo on Feb. 27, 2012. The Japanese camera and medical equipment maker said the same day it has decided to appoint Sasa to succeed President Shuichi Takayama, who will step down to take responsibility for the company's loss coverup scandal. (Kyodo)

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Toyota Motor president denies safety risk coverup

TOKYO, Japan - Toyota Motor Corp. Executive Vice President Shinichi Sasaki (L) and President Akio Toyoda (2nd from L) attend a press conference in Tokyo on Feb. 17, 2010, at which Toyoda denied accusations that the company had attempted to cover up a recent spate of safety problems and promised to take measures to reinforce quality control. (Kyodo)

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Toyota Motor president denies safety risk coverup

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda (R) sits for a press conference about the automaker's massive global recalls in Tokyo on Feb. 17, 2010. Toyoda denied accusations that the company had attempted to cover up a recent spate of safety problems and promised to take measures to reinforce quality control. (Kyodo)

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Toyota Motor president denies safety risk coverup

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda speaks about the automaker's massive global recalls at a news conference in Tokyo on Feb. 17, 2010. Toyoda denied accusations that the company had attempted to cover up a recent spate of safety problems and promised to take measures to reinforce quality control. (Kyodo)

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Toyota Motor president denies safety risk coverup

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda speaks about the automaker's massive global recalls at a news conference in Tokyo on Feb. 17, 2010. Toyoda denied accusations that the company had attempted to cover up a recent spate of safety problems and promised to take measures to reinforce quality control. (Kyodo)

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Toyota Motor president denies safety risk coverup

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda (R) speaks about the automaker's massive global recalls at a news conference with Executive Vice President Shinichi Sasaki in Tokyo on Feb. 17, 2010. (Kyodo)

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Ex-Olympus CEO Woodford at press conference

LONDON, Britain - Michael Woodford, former president and chief executive officer of Olympus Corp., gives a press conference in London on Feb. 16, 2012, following the arrest of former Olympus Chairman and President Tsuyoshi Kikukawa, two other former executives and a former securities company employee on suspicion of falsifying the company's financial reports in its massive investment loss coverup. (Kyodo)

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Olympus head office in Tokyo

TOKYO, Japan - Photo taken in November 2011 shows the building housing the headquarters of Olympus Corp., a Japanese camera and medical equipment maker, in Tokyo's Shinjuku Ward. Prosecutors on Feb. 16, 2012, arrested former Olympus Chairman and President Tsuyoshi Kikukawa, two other former executives and a former securities company employee on suspicion of falsifying the company's financial reports in an investment loss coverup. (Kyodo)

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7 arrested over Olympus loss coverup

TOKYO, Japan - Combined file photo shows former Olympus Corp. Chairman and President Tsuyoshi Kikukawa (L) and former Executive Vice President Hisashi Mori. Prosecutors arrested Kikukawa and Mori on Feb. 16, 2012, as well as the medical equipment maker's former auditor Hideo Yamada and a former securities company employee, on suspicion of falsifying the company's financial reports in its massive investment loss coverup. The Tokyo police also arrested three other former employees of a major securities company who are alleged to have advised those in the Olympus management on the coverup. (Kyodo)

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7 arrested over Olympus loss coverup

TOKYO, Japan - Undated file photo shows Olympus Corp.'s former auditor Hideo Yamada. Prosecutors arrested Yamada, and the medical equipment maker's former Chairman and President Tsuyoshi Kikukawa and former Executive Vice President Hisashi Mori on Feb. 16, 2012, as well as a former securities company employee, on suspicion of falsifying the company's financial reports in its massive investment loss coverup. The Tokyo police also arrested three other former employees of a major securities company who are alleged to have advised those in the Olympus management on the coverup. (Kyodo)

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Olympus president Takayama

TOKYO, Japan - Olympus Corp. President Shuichi Takayama gives a press conference at a hotel in Tokyo on Dec. 7, 2011, after a panel set up by the company released a report the previous day on Olympus' coverup of investment losses. (Kyodo)

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Panel reports on Olympus' loss coverup

TOKYO, Japan - Lawyer Tatsuo Kainaka, chairman of a third-party panel set up by Olympus Corp. to probe the company's coverup of investment losses, holds a press conference in Tokyo on Dec. 6, 2011, to announce the findings of the panel's investigation. (Kyodo)

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Panel reports on Olympus' loss coverup

TOKYO, Japan - Lawyer Tatsuo Kainaka (C), chairman of a third-party panel set up by Olympus Corp. to probe the company's coverup of investment losses, and other panel members hold a press conference in Tokyo on Dec. 6, 2011, to announce their findings. (Kyodo)

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Olympus raided

TOKYO, Japan - Prosecutors head to the apartment of former Olympus Corp. Chairman and President Tsuyoshi Kikukawa in Kawasaki, Kanagawa Prefecture, for a search on Dec. 21, 2011. Investigators searched offices and locations related to Olympus the same day on suspicion of falsification of financial reports in connection with the coverup of the company's massive investment losses. (Kyodo)