Hoya Reports Fourth Quarter Results; Achieves Record Annual Sales and Profit
By Business Wire News
By Business Wire News
HOYA Corporation (TOKYO:7741) today announced financial results for the fourth quarter and full-year ended March 31, 2016. During the quarter, revenues decreased by 4.5% to 121,666 million yen year on year. Pre-tax profit for the quarter was 23,161 million yen, while profit for the quarter was 18,493 million yen, both of which showed a decline of 8.5% and 0.1%, respectively, due partially to the reporting of 3,100 million yen in foreign exchange losses.
In the Information Technology segment, sales of LCD related products for smartphones and TVs rose year on year, however, sales of the semiconductor related products and glass substrates for HDDs were below the previous year. In the Life Care segment, although sales of the eye glass lenses business expanded in overseas markets, revenues were slightly below the previous year because of the impact of foreign currency fluctuations. Sales of medical endoscopes were weak, but sales of intraocular lenses business showed substantially higher sales above the previous year.
For the fiscal year ended March 31, 2016, revenues totaled 505,714 million yen, up 3.2% year on year. Pre-tax profit was 119,099 million yen and profit for the term was 93,317 million yen, a slight increase of 0.7% and 0.4% respectively year on year.
“We are taking necessary measures to generate profit even in shrinking markets of the Information Technology segment,” said Hiroshi Suzuki, chief executive officer of HOYA. “As for the Life Care segment, eye glass lenses business in Asia and endoscopes business in North America were dragging on overall performance, but these are expected to improve this year, and contribute to the group’s growth.”
HOYA also announced year-end dividends forecast of 45 yen per share. The annual dividends, including the interim dividends of 30 yen per share, will amount to 75 yen per share.
Summary of Consolidated Financial Statement
|(Millions of Yen: Rounded to the nearest million)|
|Three months ended||Variance||Full year ended||Variance|
|Revenue from all operations||127,440||121,666||-4.5||489,961||505,714||3.2|
|Profit before tax||25,309||23,161||-8.5||118,249||119,099||0.7|
|Profit for the term||18,513||18,493||-0.1||92,941||93,317||0.4|
|Basic earnings per share (yen)||44.72||46.56||—||218.23||225.45||—|
*Results are preliminary and unaudited.
The full reports are available at http://www.hoya.com
Founded in 1941 in Tokyo, Japan, Hoya is a global med-tech company and the leading supplier of innovative high-tech and medical products. Hoya is active in the fields of healthcare and information technology providing eyeglasses, medical endoscopes, intraocular lenses, optical lenses as well as key components for semiconductor devices, LCD panels and HDDs. With over 150 offices and subsidiaries worldwide, Hoya currently employs a multinational workforce of over 34,000 people. For more information, please visit http://www.hoya.com.
Akiko Chiba, +81-3-6911-4824