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

Olympus (PK) (USOTC:OCPNY)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Olympus (PK) Charts.
Olympus (PK) (USOTC:OCPNY)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Olympus (PK) Charts.