Should I be worried about the Olympus management scandals?

This question came up a lot back starting in 2011 because people feared that the Olympus camera business will be shut down or acquired after the US$1.5 billion scandal that tried to hide investment losses became known. The entire board (which included many members of the executive team) was implicated in what happened. After restating their financial numbers for the previous five years, undergoing an external audit (though by people appointed by Olympus), and generally admitting to what happened, the actual fraud was mostly behind them by late 2013. At one point Sony invested in Olympus to help them with their financial position, and at this latest update, I’d say that Olympus is beyond the scandal, though still under some minor financial stress as they slowly rework their capitalization.

One problem is that the camera division has not shown a clear and consistent profitability for quite some time. While the current financial numbers are decent and the camera group basically breaks even, Olympus is not profitable at the level of the big three in cameras. 

The worry when you buy into a system is that the system won't be around forever, thus upgrade and updating options will go away. Unfortunately, the risk of that isn't zero for any system. The scandal initially increased that risk for Olympus aficionados, but only minimally. Plus, Panasonic shares the m4/3 mount, so you could always just replace your Olympus bodies with Panasonic. Today, I judge that there's still some low level of risk, but no more than any other camera maker. In other words, I wouldn't worry about it.   

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