Welcome!

News Feed Item

Hoya Announces Third Quarter Financial Results Under IFRS

Hoya Corporation (TOKYO:7741) today announced financial results for the third quarter ended December 31, 2013. The full reports are available at: http://www.hoya.com/investor/

During the quarter, revenues increased 21.0% to 109,690 million yen, and profit before tax increased 66.7% to 29,499 million yen compared with the same quarter last year. Profit for the quarter was up 114.9% to 22,274 million yen, and profit attributable to owners of the company was up 99.7% to 20,633 million yen year on year.

Products related to smartphones and tablet PCs in the Information Technology segment trended at solid levels, but sales declined in the products related to digital cameras. Meanwhile, revenues from eyeglass lenses grew substantially in the Life Care segment due to a recovery from the flooding in Thailand, and increase in sales resulting from the transfer of the eyeglass lenses operation from Seiko Epson Corporation in the fourth quarter of the previous year. Sales rose also because the contact lens and endoscope businesses showed healthy growth in addition to the effect of a weak yen.

For the nine months ended December 31, 2013, revenues were up 13.0% to 312,351 million yen and profit before tax was up 10.1% to 65,594 million yen year on year. Profit for the term was down 1.5% to 47,382 million yen, and profit attributable to owners of the company was down 4.9% to 45,663 million yen. Declines in profit were due mainly to temporary profits posted last year from insurance proceeds totaling 17,912 million yen related to the flooding in Thailand. Excluding the factor, profits increased in real terms.

"Overall impression of the quarter was that eyeglass lenses and endoscope businesses in Life Care segment showed healthy growth, and profitability of Information Technology segment has improved," said Hiroshi Suzuki, chief executive officer of HOYA. "For the coming year, there are some new medical products in the pipeline. We predict that Life Care segment will account for 70% of the entire sales in the future."

 

Summary of Consolidated Financial Statement

(Millions of Yen: Rounded to the nearest million)
  Three months ended   Variance   Nine months ended   Variance
  12/12   12/13   (%) 12/12   12/13   (%)
Revenue 90,682   109,690 21.0 276,399   312,351 13.0
Profit before tax 17,698 29,499 66.7 59,594 65,594 10.1
Profit for the term 10,366 22,274 114.9 48,114 47,382 -1.5
Profit attributable to owners of the company 10,331 20,633 99.7 48,015 45,663 -4.9
Basic earnings per share(yen)   23.94   47.79       111.28   105.80    
 

Hoya also announced the projected results for the fiscal year ending March 31, 2014. Hoya forecasts revenues of 413 billion yen (up 10.9% compared to the previous year), profit before tax of 76 billion yen (down 16.7%) and profit for the term of 54 billion yen (down 25.4%). Excluding temporary profits posted last year from insurance proceeds totaling 32,187 million yen related to the flooding in Thailand, profits will increase in real terms.

About Hoya

HOYA is a Japanese leading supplier of innovative and indispensable high-tech and healthcare products based on its advanced optics technologies. HOYA is active in two business segments: The Life Care segment deals in eyeglass lenses, medical endoscopes and intraocular lenses for cataract surgery as well as operates retail shops for contact lenses. The Information Technology segment handles products for semiconductors and LCD panels, glass disks for HDDs, optical lenses for digital cameras and smartphones. HOYA Group is comprised of over 100 subsidiaries and affiliates as well as over 35,000 people worldwide. For more information, please visit http://www.hoya.com

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
@DevOpsSummit at Cloud Expo taking place Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center, Santa Clara, CA, is co-located with the 21st International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is ...
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists examined how DevOps helps to meet the de...
Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, pane...
No hype cycles or predictions of zillions of things here. IoT is big. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, Associate Partner at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He discussed the evaluation of communication standards and IoT messaging protocols, data analytics considerations, edge-to-cloud tec...
When growing capacity and power in the data center, the architectural trade-offs between server scale-up vs. scale-out continue to be debated. Both approaches are valid: scale-out adds multiple, smaller servers running in a distributed computing model, while scale-up adds fewer, more powerful servers that are capable of running larger workloads. It’s worth noting that there are additional, unique advantages that scale-up architectures offer. One big advantage is large memory and compute capacity...
In 2014, Amazon announced a new form of compute called Lambda. We didn't know it at the time, but this represented a fundamental shift in what we expect from cloud computing. Now, all of the major cloud computing vendors want to take part in this disruptive technology. In his session at 20th Cloud Expo, Doug Vanderweide, an instructor at Linux Academy, discussed why major players like AWS, Microsoft Azure, IBM Bluemix, and Google Cloud Platform are all trying to sidestep VMs and containers wit...
What's the role of an IT self-service portal when you get to continuous delivery and Infrastructure as Code? This general session showed how to create the continuous delivery culture and eight accelerators for leading the change. Don Demcsak is a DevOps and Cloud Native Modernization Principal for Dell EMC based out of New Jersey. He is a former, long time, Microsoft Most Valuable Professional, specializing in building and architecting Application Delivery Pipelines for hybrid legacy, and cloud ...
Amazon started as an online bookseller 20 years ago. Since then, it has evolved into a technology juggernaut that has disrupted multiple markets and industries and touches many aspects of our lives. It is a relentless technology and business model innovator driving disruption throughout numerous ecosystems. Amazon’s AWS revenues alone are approaching $16B a year making it one of the largest IT companies in the world. With dominant offerings in Cloud, IoT, eCommerce, Big Data, AI, Digital Assista...
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business - from apparel to energy - is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...
Artificial intelligence, machine learning, neural networks. We’re in the midst of a wave of excitement around AI such as hasn’t been seen for a few decades. But those previous periods of inflated expectations led to troughs of disappointment. Will this time be different? Most likely. Applications of AI such as predictive analytics are already decreasing costs and improving reliability of industrial machinery. Furthermore, the funding and research going into AI now comes from a wide range of com...
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists looked at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deliver...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
SYS-CON Events announced today that Cloud Academy named "Bronze Sponsor" of 21st International Cloud Expo which will take place October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara, CA. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud com...
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...