Olympus to reduce capital in global treasury subsidiary

Olympus Corporation (TSE:7733) announced plans today to reduce the capital of its subsidiary, Olympus Global Treasury Services Limited, effective March 5, 2025. The capital reduction, amounting to approximately ¥41.696 billion, is aimed at improving fund efficiency within the Olympus Group. Post-reduction, the subsidiary's capital will be less than 10% of Olympus’s total capital, thus changing its status from a specified subsidiary. Olympus Global Treasury Services Limited, established February 19, 2010, manages the Olympus group's global cash, with Olympus Corporation holding 100% ownership. The company reported ¥4.797 billion in revenue and a ¥1.339 billion loss for the fiscal year ended March 31, 2024. Olympus anticipates no impact on its consolidated financial results due to this capital reduction.