Category: General News
Posted Oct 28, 2017 18:22 (GMT +7)
Hoya Reports Second Quarter Results; Record Half Year Results
TOKYO--(BUSINESS WIRE)--Oct. 27, 2017
Hoya Corporation (TOKYO: 7741) today announced financial results for the second quarter ended September 30, 2017.
During the quarter, revenue of the HOYA Group increased 18.2% year on year, reaching 135,772 million yen. Pre-tax profit amounted to 32,868 million yen with 26,767 million yen in profit, representing increases of 3.9% and 7.9%, respectively.
In the Life Care segment, sales of eyeglass lenses rose, mainly overseas and in response to business acquisitions. Medical endoscopes experienced improved sales, pushed mainly by performance in Europe and Asia. New products drove sales of intraocular lenses as well. As a result, the Life Care segment as a whole reported higher sales year on year.
The Information Technology segment also reported higher revenues year on year, driven by stronger demands in semiconductor devices and glass substrates for hard disk drives. Imaging-related product sales increased as well due to an expansion of new applications.
For the six months ended September 30, 2017, HOYA posted record revenues of 262,930 million yen and record profit for the term of 51,960 million yen, representing increases of 14.3% and 21.4%, respectively.
“The Life Care segment delivered sales increase of 9.4% without exchange gain this quarter,” said Hiroshi Suzuki, president and chief executive officer of HOYA. “We expect the segment profitability to improve in the second half as post-merger integration completes.”
HOYA also announced the interim dividends of 30 yen per share of common stock.
Summary of Consolidated Financial Statement
|(Millions of Yen: Rounded to the nearest million)|
|Three months ended||Variance||Six months ended||Variance|
|Profit before tax||31,637||32,868||3.9||53,911||63,416||17.6|
|Profit for the term||24,819||26,767||7.9||42,797||51,960||21.4|
|Basic earnings per share(yen)||63.42||70.11||---||108.62||134.81||---|
*Results are preliminary and unaudited.
The full reports are available at: www.hoya.com
Founded in 1941 in Tokyo, Japan, Hoya is a global med-tech company and the leading supplier of innovative high-tech and medical products. Hoya is active in the fields of healthcare and information technology providing eyeglasses, medical endoscopes, intraocular lenses, optical lenses as well as key components for semiconductor devices, LCD panels and HDDs. With over 150 offices and subsidiaries worldwide, Hoya currently employs a multinational workforce of 36,000 people. For more information, please visit http://www.hoya.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171027005295/en/
Akiko Chiba, +81-3-6911-4824
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