HOYA CORPORATION



Business Overview

The HOYA Group remains committed to its management philosophy, which identifies “information technology” and “life and culture” as its principal business domains. In order to ensure sustainable growth in its corporate value in each of these domains, the Group continues to make decisions with respect to the allocation of management resources while monitoring operating results.

In this context, the HOYA Group has further identified three reportable business segments: Information Technology; Life Care and Other, which are aligned to the aforementioned business domains effective from the fiscal year ended March 31, 2011.

Information Technology/Life Care
Business Segments

Information Technology

SalesSales

In electronics-related products, conditions were bolstered by the global recovery in semiconductor- and liquid crystal-related markets driven mainly by demand from emerging countries. While the HOYA Group experienced a year-on-year increase in overall shipment volumes primarily of advanced, high-precision products, this was not reflected in substantial sales growth due mainly to the continued decline in product prices and rapid appreciation of the yen.

In imaging-related products, sales volumes were up from the previous year on the back of robust activity in the digital camera market. This was largely attributable to the positive turnaround in global demand particularly in emerging countries. Shipment volumes of camera modules incorporating interchangeable lenses were also strong. In its finished stock lens lineup, HOYA’s Pentax brand digital cameras witnessed ongoing growth in single lens reflex cameras reflecting robust demand mainly for entry-level models. Buoyed by the subsequent upswing in interchangeable lens sales, volumes rose from a year ago.

Accounting for each of the aforementioned factors, sales in the Information Technology segment were 208,735 million yen, up 3.9% year on year. Profit for the year before tax amounted to 36,506 million yen, 12.3% higher than the previous year.

Life Care

SalesSales

In healthcare-related products, shipments of eyeglass lenses increased compared with the previous year. In Japan, however, results were affected by lower unit sales prices. Overseas, while sales also climbed on a local currency basis, results were substantially impacted by appreciation of the yen.

Sales volumes of contact lenses rose year on year with an increase in the number of customers visiting directly-owned stores. This was also attributable to higher sales of value-added products and the increase in the number of stores following aggressive expansion initiatives.

In medical-related products, results were affected by ongoing restraint toward purchases by medical institutions in Europe and the United States. This largely reflected financial instability in Europe and the slump in economic conditions in the U.S. Despite robust trends in emerging countries, shipment volumes stalled compared with the previous year due to such factors as the high proportion of medical endoscope products to total sales in Europe and the U.S. and the significant impact of appreciation of the yen. On a positive note, sales of intraocular lenses (IOLs) were firm owing to strong sales of soft lenses.

As a result, sales in the Life Care segment were 203,006 million yen, up 1.9% compared with the previous year. Profit for the year before tax amounted to 36,743 million yen, up 12.4% year on year.

Health Care related products


Notation in this Website ´HOYA Annual Report 2011´
  • ⋅Hoya’s fiscal year ends on March 31. In this annual report website, references to years are the period ended March 31 of the year indicated.
  • ⋅In this annual report website, "the previous year," "the fiscal year under review," and "the year ahead" indicate the years ended March 31, 2010, march 31, 2011, and the year ending March 31, 2012, respectively.
  • ⋅HOYA Annual Report 2011 is a simply translated version of the original Japanese HOYA Report 2011 website. The financial numbers indicated in this website are based on the generally-accepted accounting standards in Japan.

ANNUAL REPORT 2011