Tokyo - Shares in scandal-hit Olympus closed down 16.33% on Friday as major shareholders reduced their stakes in the firm, which said it had covered up investment losses dating back to the 1990s.
Olympus shares closed at ¥625, 75% below their level on October 13, the day before former chief executive Michael Woodford was ousted in a move he said came because he questioned a series of controversial deals.
The Tokyo Stock Exchange last week warned that Olympus would be delisted if it did not file its already delayed earnings by December 14.