Financial Highlights

HOYA Group Consolidated Financial Highlights for 5 years.

Sales and Profits

(¥billion) FY2005 FY2006 FY2007 FY2008 FY2009
Sales 308 344 390 482 454
Operating Income 85 101 107 95 59
Ordinary Income 90 104 103 100 71
Net Income 64 76 83 82 25

Yen amounts are rounded to the nearest billion.

* HOYA included Pentax and its subsidiaries in the scope of consolidation as of August 14, 2007, therefore the figures for FY2008 includes only the second half results of Pentax.


Profitabilities

(%) FY2005 FY2006 FY2007 FY2008 FY2009
Operating Margin 27.6 29.4 27.5 19.7 13.0
Net Income / Sales 20.8 22.0 21.4 17.0 5.5
ROE 25.8 27.1 25.9 21.6 6.9
ROA 20.0 21.2 20.6 14.4 3.9

Financial Position

(¥billion) FY2005 FY2006 FY2007 FY2008 FY2009
Total Assets 351 362 448 689 591
Net Assets 278 279 367 395 338
Owners' Equity Ratio(%) 79.1 77.3 81.6 56.7 56.7
Interest Baring Debt 0 - - 136 160
Debt / Total Assets(%) 0.1 - - 19.8 27.0

Yen amounts are rounded to the nearest billion.

* HOYA issued corporate bonds to fund TOB for Pentax in FY2008.


Cash Flows

(¥billion) FY2005 FY2006 FY2007 FY2008 FY2009
Cash flow provided by operating activities 76 106 99 120 91
Cash flow used in investing activities -36 -52 -47 -113 -34
Net cash provided by (used in) financing activities -12 -86 -24 68 -6
Cash and cash equivalents, end of year 113 84 121 181 208

Yen amounts are rounded to the nearest billion.


Capital Expenditure・ｽ^Depreciation・ｽ^R&D

(¥billion) FY2005 FY2006 FY2007 FY2008 FY2009
Capital Expenditure 40 49 54 39 35
Depreciation 23 27 36 45 80
R&D expenditure 11 14 15 17 18
R&D / Sales(%) 3.6 4.1 3.8 3.6 3.9

Yen amounts are rounded to the nearest billion.

* Depreciation includes impairment losses on fixed assets and goodwill amortization.


Dividend

(¥) FY2005 FY2006 FY2007 FY2008 FY2009
Interim dividend per share 15.00 30.00 30.00 30.00 30.00
Year-end dividend per share 22.50 30.00 35.00 35.00 35.00
Annual dividend per share 37.50 60.00 65.00 65.00 65.00
Dividend payout ratio (consolidated) (%) 25.9 34.9 33.6 34.4 112.0