Quantcast
Last updated on April 16, 2014 at 13:39 EDT

Hoya Announces Full-Year Financial Results Under IFRS

May 10, 2011

TOKYO, May 10, 2011 /PRNewswire-FirstCall/ — Hoya Corporation (TSE code:
7741) today announced financial results under designated International
Financial Reporting Standards (IFRS) for full-year ended March 31, 2011.
Revenues from continuing operations grew 2.7% over the previous fiscal year,
to 413,349 million yen and profit before tax was up 26.2% to 63,758 million
yen
, mainly due to an increase in orders with the recovery in the market.

Profit for the year from all operations was up 43.5% to 59,579 million
yen
, including profit for the year from discontinued operations of 9,873
million yen
. Hoya has sold its hard disk glass media manufacturing operations
to the Western Digital Corporation in USA in the first quarter of this fiscal
year and 10,343 million yen of gain as well as loss from the business was
included in profit from discontinued operations.

Basic earnings per share were 138.49 yen compared to 95.24 yen in the
last year. Diluted earnings per share were 138.41 yen compared to 95.15 yen
in the last year.

“Optics business did well this year despite temporary shutdown of the
production lines due to rolling blackout after the Tohoku Great Earthquakes
in March and thanks to an increasing demand for digital cameras,” said

Hiroshi Suzuki, chief executive officer of HOYA. “There are still some
impacts of the disaster on our company, but except digital camera business
that has difficulties in procurement of parts, our business will return
toward normal by the end of May.”

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.

The full financial reports under IFRS are available in “Financial
Statement” page in HOYA website Investor Relations section at:
http://www.hoya.co.jp/english/

*The company’s financial results are being prepared and reported in
accordance with IFRSs from this fiscal year.

*Results are preliminary and unaudited.

*The yen amounts shown therein are rounded to the nearest million.

About Hoya Corporation

Hoya Corporation is a global technology company based in Tokyo, Japan,
and the leading supplier of innovative and indispensable high-tech and
healthcare products based upon its advanced optics technologies. Hoya is
active in four fields of business: The Healthcare provides eyeglasses and
operates retail shops for contact lenses. The Medical provides endoscopic
system and intraocular lenses for cataract surgery. The Electronics makes
mask blanks and photomasks for the semiconductor devices and LCD panels as
well as glass memory disks for HDDs. The Imaging produces optical lenses,
SLR/compact digital cameras, lens modules and microlenses. Hoya now has over
100 subsidiaries and affiliates, and employs over 36,500 people worldwide.

SOURCE Hoya Corporation


Source: newswire