Tuesday, October 31, 2017

HOYA REPORTS SECOND QUARTER RESULTS; RECORD HALF YEAR RESULTS

TOKYO, Oct 30 (Bernama-BUSINESS WIRE) -- 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. 

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