OREANDA-NEWS. May 11, 2012. HOYA Corporation (TOKYO: 7741) today announced financial results for the fourth quarter and full-year ended March 31, 2012. For the quarter under review, revenues from all operations decreased 13.2% to 87,525 million yen compared with the same period last year, however, profit before tax increased 38.2% to 17,661 million yen and profit for the term increased 30.1% to 11,475 million yen. Profit from continuing operations was 9,278 million yen for the quarter, down 2.3% compared with the same quarter last year.

 For the fiscal year ended March 31, 2012, revenues from all operations were down 10.9% to 376,940 million yen, profit before tax was down 20.8% to 58,530 million yen, and profit for the term was down 28.4% to 42,680 million yen over the previous fiscal year. Profit for the period from continuing operations was down 19.7% to 39,790 million yen.

 The significant decrease in revenues and profit from last fiscal year was mainly due to business transfer of glass media for HDD (June 2010) and Pentax Imaging Systems (October 2011), as well as Impact of the flood in Thailand to eyeglass lens business. In addition to a decrease in sales of eyeglass lenses, HOYA posted a 5,909 million yen loss from the disaster in the year under review.

 "The flood in Thailand made a significant impact on our eyeglass lens business, but concurrently, glass disk for HDDs, intraocular lens and contact lens businesses posted healthy growth.” said Hiroshi Suzuki, chief executive officer of HOYA. “For the fiscal year ending March 31, 2013, we expect revenue growth driven by glass disk for HDDs, optical lens, intraocular lens and contact lens as well as recovering eyeglass lens business.“

 HOYA also announced year-end dividends forecast of 35 yen per share of common stock. The annual dividends, including the interim dividends of 30 yen per share, will amount to 65 yen per share. It will be decided at the board of directors meeting in the end of May.