Olympus on Thursday, May 10 posted a $620 million loss in the fiscal year to March after a cover-up scandal at the camera and medical equipment maker which hammered Japan's corporate-governance image, AFP reported.

The firm said it lost 48.99 billion yen ($620 million) in the period, after a scandal that sparked lawsuits and the arrest of former executives accused of hiding about $1.7 billion in losses.