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1OLYMPUS Annual Report 2013
Contents
It’s the new OLYMPUS.
We have taken our  rst steps toward the creation of a new Olympus.
But, what is the new Olympus?
This annual report incorporates discussions with our stakeholders and
messages from management in order to answer this question.
[ How has OLYMPUS changed? ] 1
2 The New Olympus and Its Future Course
6 Corporate Philosophy / Corporate Management Policies / Key Technologies
8 Management Structure
[ What direction does the new OLYMPUS need to take? ] 11
12 To Our Stakeholders
14 Medium-Term Vision (Corporate Strategic Plan)
16 President’s Message
22 The Creation of a New Olympus and Future Growth—Conversation with Analysts
[ How will OLYMPUS prepare for future growth? ] 27
28 At a Glance
30 Review of Business Segments
30 Medical Business
34 Business Focus
38 Life Science & Industrial Business
42 Imaging Business
46 Intellectual Property Report
[ How can OLYMPUS increase corporate value? ] 47
48 Corporate Governance
51 Comments from an Outside Director (Chairman of Compensation Committee)
52 Olympus CSR
Financial Section 57
FORWARD-LOOKING STATEMENTS
This annual report contains forward-looking
statements concerning the Company’s future
plans, strategies, and performance. These
forward-looking statements are not historical
facts, rather they represent assumptions and
beliefs based on economic, fi nancial, and
competitive data currently available.
Furthermore, these statements are
subject to a number of risks and uncertain-
ties that, without limitation, relate to eco-
nomic conditions, worldwide business
competition, customer demand, foreign
currency exchange rates, tax rules, regula-
tions, and other factors.
Olympus therefore wishes to caution
readers that actual results may differ materi-
ally from its expectations.
How has OLYMPUS changed?
Olympus is fully aware of the severity of the issues regarding the deferral of losses
on past investments that were discovered in 2011, and it is pushing forward with
measures to reconstruct the Company and prevent the reoccurrence of such issues.
In this section, we offer an overview of the measures the Group is collectively advancing
to recover its standing as a corporate entity that stakeholders view as trustworthy.
58 Financial Highlights
60 Analysis of Business Results,
Financial Position, and Cash Flows
63 Risk Information
66 Consolidated Financial Statements
and Notes
106 Independent Auditor’s Report
108 Other Financial Data
110 Olympus Group Companies
112 Corporate Information