Hoya Reports Second Quarter Results; Record Half Year Results

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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
Sept./16 Sept./17 (%) Sept./16 Sept./17 (%)
Revenue 114,865 135,772 18.2 230,030 262,930 14.3
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

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