TSE with­draws Olym­pus’ in­vestor warn­ing

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Nearly a year and a half af­ter it is­sued a “se­cu­rity on alert” warn­ing about Olym­pus over the com­pany’s in­ad­e­quate in­ter­nal con­trols, the Tokyo Stock Ex­change an­nounced that it had fi­nally with­drawn the warn­ing on June 11th. TSE re­viewed a re­port sub­mit­ted by Olym­pus in Jan­uary and con­cluded that there is no longer any prob­lem with the com­pany’s in­ter­nal con­trols, af­ter re­ports last year that the com­pany had sys­tem­at­i­cally fal­si­fied earn­ings to cover up losses. The withdrawal of the warn­ing opened up the pos­si­bil­ity of im­proved de­mand in Olym­pus’ stock, re­mov­ing cer­tain self-im­posed in­vest­ment re­stric­tions by mu­tual funds and other do­mes­tic in­sti­tu­tions.

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