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Hoya Announces Second Quarter Financial Results Under IFRS

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TOKYO--(BUSINESS WIRE)--

Hoya Corporation (TOKYO:7741) today announced financial results for the second quarter ended September 30, 2012. The full reports are available at: http://www.hoya.com/english/investor/

During the quarter, revenues from continuing operations decreased 3.5% to 93,103 million yen, however, profit before tax increased 13.3% to 17,753 million yen. Profit for the term from all operations was up 29.5% to 16,278 million yen year on year. This significant increase is due to the recording of 5,043 million yen of insurance income in the form compensation for the fixed assets and for the lost profit suffered from the Thai flooding. Profit attributable to owners of the company was up 29.6% to 16,233 million yen.

For the six months ended September 30, 2012, revenues from continuing operations were down 2.1% to 185,717 million yen, and profit before tax was up 31.1% to 43,570 million yen. Profit for the term from all operations was up 41.3% to 39,475 million yen year on year, and profit attributable to owners of the company was up 41.6% to 39,412 million yen.

"Eyeglass lenses have recovered about 85% of its sales before the flood in Thailand and we predict to have a 100% recovery by the end of this fiscal year," said Hiroshi Suzuki, chief executive officer of HOYA. "Medical endoscopes are growing in Middle East and Asia. We are focusing on developing products that can differentiate us from competitors."

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
      9/11   9/12   (%) 9/11  

9/12

  (%)
Revenue 96,505   93,103 -3.5 189,669   185,717 -2.1
Profit before tax 15,674 17,753 13.3 33,241 43,570 31.1
Profit for the term 12,569 16,278 29.5 27,929 39,475 41.3
Profit attributable to owners of the company 12,524 16,233 29.6 27,836 39,412 41.6
Basic earnings per share(yen)   29.03   37.62       64.52   91.35    

*Revenue and profit before tax do not include discontinued operations.

*Results are preliminary and unaudited.

 

About HOYA

Founded in 1941 in Tokyo, Japan, Hoya is a global technology company and the leading supplier of innovative and indispensable high-tech/medical products based upon its advanced optics technologies. Hoya provides mask blanks and photomasks for the semiconductor devices and liquid crystal panels, optical lenses, glass memory disks for HDDs, medical endoscopes, eyeglass lenses, and operates retail shops for contact lenses. Hoya now has over 100 subsidiaries and employs approximately 35,500 people worldwide. For more information, please visit www.hoya.com/

Hoya Group
Akiko Maeyama / Naoji Ito, +81-3-3232-0065
Corporate Communications
HOYA-pr@mb.hoya.co.jp

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