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Hiroshi Suzuki President & CEO

I would like to express my thanks for your continued patronage.

The HOYA Group operates the Life Care business and the Information Technology business based on the concept of "Business Portfolio Management."

With continued aging across the globe and improved opportunities to access health care accompanying economic growth in developing countries, we are focusing management resources on the Life Care business, where market growth is expected, and working for organic growth in existing businesses. At the same time, we are also striving to acquire new technologies and customers through M&A.
In the current fiscal year, we were able to tie prior investments, including previous M&A activities, into profit growth, and achieved performance gains.

Although conditions worsened for end products, such as semiconductor-related goods, in the Information Technology business, we saw steady profit growth due to the expansion of market share for glass disk substrates for data center HDDs, on top of timely responses to R&D demand for mask blanks for EUV (Extreme Ultraviolet) lithography, which is a nextgeneration semiconductor miniaturization technology.

Due to these results, we achieved record high sales and profits during the current fiscal year.

Going forward, we plan to pursue continued growth by expanding our share in the Life Care business and responding to demand in growth areas in the Information Technology business.

With regard to cash generated from business activities, allocation will prioritize growth investments such as M&A and capital expenditures.

In the Life Care business, M&A brought in new peripheral business for intraocular lenses, and we strived to strengthen our competitiveness, while construction of a new plant was decided to address growing demand for eyeglass lenses in the fiscal year. Furthermore, in the Information Technology business, we also decided to make large-scale investments in capacity for semiconductor and HDD-related products, which are forecast to see high growth.

As for excess cash, we offer returns to shareholders through dividends and share repurchases with due consideration for our future performance, capital demands, and capital structure. Following this policy, we raised the interim dividend in the current fiscal year from 30 to 45 yen per share. In addition, at the Board of Directors meeting held on May 7, 2019, we decided to repurchase the Company’s own shares up to 60 billion yen.
Going forward, we will pursue capital efficiency in our management by proactively investing in growth areas and delivering returns to shareholders.

We will continue to do our utmost to improve corporate value. We sincerely ask for your continued support.

Hiroshi Suzuki President & CEO

ONLINE HOYA Report 2019
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