|By Business Wire||
|July 29, 2014 06:18 AM EDT||
HOYA Corporation (TOKYO:7741) today announced financial results for the first quarter ended June 30, 2014. For the quarter under review, group sales increased 12.6% to 113,071 million yen compared with the same period last year. Profits before tax were up 11.5% to 22,443 million yen, and profits for the quarter increased 45.6% to 17,962 million yen.
In the Information Technology segment, products related to smartphones and tablet PCs such as mask blanks for LSI and photomasks for LCD, and glass disks for HDDs, posted steady sales, but optical products for digital cameras continued to post sluggish sales. For the quarter, sales for the Information Technology segment increased by 7.7% to 42,025 million yen, and segment profits before tax stood at 12,873 million yen, an increase of 45.0% compared with the same period last year.
In the Life Care segment, sales of eyeglass lenses increased due mainly to gaining new customers in overseas markets and the inclusion of Seiko Optical Products, a sales company of SEIKO eye wear, as a consolidated subsidiary. Endoscope business sales also increased with solid performance in the United States and Asian markets. On the other hand, the contact lens retail business posted year-on-year declines in sales because of the anticipated decreased consumer demand related to the planned Japanese government’s March tax hike. For the quarter, sales for the Life Care segment increased by 15.9% to 70,433 million yen, and segment profits before tax were 11,659 million yen, an increase of 28.8% compared to the same period last year.
“We are pleased with the profitable structure of our Information Technology segment, despite the continuing pressures and negative business environment for these products,” said Hiroshi Suzuki, chief executive officer of HOYA. “We continue to focus on growing sales in our eyeglass business by multiple brand strategy and M&A, and in endoscope business by expanding the geographical coverage.”
HOYA also announced the forecast for the first six months ending September 30, 2014 as shown below.
Consolidated Financial Statement for the First Quarter
|(Millions of Yen: Rounded to the nearest million)|
|Three months ended||Variance|
|Profit before tax||20,123||22,443||11.5|
|Profit for the quarter||12,334||17,962||45.6|
|Basic earnings per share(yen)||28.51||41.36||--|
Consolidated Forecasts for the First Half
|(Millions of Yen: Rounded to the nearest million)|
|Six months ended/ending||Variance|
|Profit before tax||36,095||43,000||19.1|
|Profit for the term||25,107||34,000||35.4|
|Profit for the term per share (Yen)||58.00||78.95||--|
Founded in 1941 in Japan, Hoya is a global company focused on products for the healthcare and high-technology uses. In the Life Care area, Hoya’s products include eyeglasses, medical endoscopes, intraocular lenses and surgical instruments. Hoya is also a leader in the Information Technology area and provides key components for semiconductor devices, LCD panels and HDDs. Hoya currently employs over 35,000 people worldwide. For more information, please visit http://www.hoya.com.
Feb. 9, 2016 07:15 AM EST Reads: 213
Feb. 9, 2016 07:00 AM EST Reads: 180
Feb. 9, 2016 06:45 AM EST Reads: 288
Feb. 9, 2016 06:45 AM EST Reads: 165
Feb. 9, 2016 06:30 AM EST Reads: 349
Feb. 9, 2016 06:15 AM EST Reads: 171
Feb. 9, 2016 06:00 AM EST Reads: 248
Feb. 9, 2016 05:30 AM EST Reads: 125
Feb. 9, 2016 05:30 AM EST Reads: 151
Feb. 9, 2016 05:15 AM EST Reads: 220
Feb. 9, 2016 05:15 AM EST Reads: 183
Fortunately, meaningful and tangible business cases for IoT are plentiful in a broad array of industries and vertical markets. These range from simple warranty cost reduction for capital intensive assets, to minimizing downtime for vital business tools, to creating feedback loops improving product design, to improving and enhancing enterprise customer experiences. All of these business cases, which will be briefly explored in this session, hinge on cost effectively extracting relevant data from ...
Feb. 9, 2016 05:00 AM EST
SYS-CON Events announced today that iDevices®, the preeminent brand in the connected home industry, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. iDevices, the preeminent brand in the connected home industry, has a growing line of HomeKit-enabled products available at the largest retailers worldwide. Through the “Designed with iDevices” co-development program and its custom-built IoT Cloud Infrastruc...
Feb. 9, 2016 04:45 AM EST
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies adopt disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevO...
Feb. 9, 2016 04:45 AM EST Reads: 179
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, will discuss the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filte...
Feb. 9, 2016 04:30 AM EST Reads: 139