30.01.2015, 13:03
Hoya Announces Third Quarter Financial Results
OREANDA-NEWS. Hoya Corporation (TOKYO: 7741) today announced financial
results for the third quarter ended December 31, 2014.
During the quarter, revenues increased 16.9% to 128,206 million yen, and profit before tax increased 22.9% to 36,240 million yen compared with the same quarter last year. Profit for the quarter was up 30.8% to 29,142 million yen, and profit attributable to owners of the company was up 40.1% year on year to 28,902 million yen.
In the Information Technology segment, sales of products related to smartphones and tablet PCs as well as glass disks for HDDs performed well, whereas sales continued to perform weakly in the products related to digital cameras. Revenues from eyeglass lenses grew substantially in the Life Care segment due to increased sales in overseas markets and through inclusion of a sales company of SEIKO eye wear as a consolidated subsidiary. The endoscope business performed well in Asia, and the retail contact lens business in Japan recovered to the previous year level and resulted in higher earnings for this quarter after experiencing a sales drop in the first quarter due to weak demand after the tax hike beginning in April.
For the nine months ended December 31, 2014, revenues were up 16.1% to 362,520 million yen and profit before tax was up 41.7% year on year to 92,940 million yen. Profit for the term was up 57.1% to 74,427 million yen, and profit attributable to owners of the company was up 61.7% to 73,851 million yen.
"Eyeglass business led the growth in Life Care segment gaining market share overseas," said Hiroshi Suzuki, chief executive officer of HOYA. “We will further promote the business by enhancing resources and products. I am confident that the quality of our eyeglass lens is highly competitive.”
Eiichiro Ikeda, chief operation officer for Information Technology segment commented, "this quarter’s result, which exceeded our expectation, was outcome of swift restructuring measures we have taken in the past few years. To ensure future growth of Information Technology, we will be seeking new applications and directions."
During the quarter, revenues increased 16.9% to 128,206 million yen, and profit before tax increased 22.9% to 36,240 million yen compared with the same quarter last year. Profit for the quarter was up 30.8% to 29,142 million yen, and profit attributable to owners of the company was up 40.1% year on year to 28,902 million yen.
In the Information Technology segment, sales of products related to smartphones and tablet PCs as well as glass disks for HDDs performed well, whereas sales continued to perform weakly in the products related to digital cameras. Revenues from eyeglass lenses grew substantially in the Life Care segment due to increased sales in overseas markets and through inclusion of a sales company of SEIKO eye wear as a consolidated subsidiary. The endoscope business performed well in Asia, and the retail contact lens business in Japan recovered to the previous year level and resulted in higher earnings for this quarter after experiencing a sales drop in the first quarter due to weak demand after the tax hike beginning in April.
For the nine months ended December 31, 2014, revenues were up 16.1% to 362,520 million yen and profit before tax was up 41.7% year on year to 92,940 million yen. Profit for the term was up 57.1% to 74,427 million yen, and profit attributable to owners of the company was up 61.7% to 73,851 million yen.
"Eyeglass business led the growth in Life Care segment gaining market share overseas," said Hiroshi Suzuki, chief executive officer of HOYA. “We will further promote the business by enhancing resources and products. I am confident that the quality of our eyeglass lens is highly competitive.”
Eiichiro Ikeda, chief operation officer for Information Technology segment commented, "this quarter’s result, which exceeded our expectation, was outcome of swift restructuring measures we have taken in the past few years. To ensure future growth of Information Technology, we will be seeking new applications and directions."
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