Hoya Announces Second Quarter Financial Results Under IFRS

Before you go, we thought you'd like these...
Before you go close icon

Hoya Announces Second Quarter Financial Results Under IFRS

TOKYO--(BUSINESS WIRE)-- Hoya Corporation (TOKYO:7741) today announced financial results for the second quarter ended September 30, 2012. The full reports are available at: http://www.hoya.com/english/investor/

During the quarter, revenues from continuing operations decreased 3.5% to 93,103 million yen, however, profit before tax increased 13.3% to 17,753 million yen. Profit for the term from all operations was up 29.5% to 16,278 million yen year on year. This significant increase is due to the recording of 5,043 million yen of insurance income in the form compensation for the fixed assets and for the lost profit suffered from the Thai flooding. Profit attributable to owners of the company was up 29.6% to 16,233 million yen.

For the six months ended September 30, 2012, revenues from continuing operations were down 2.1% to 185,717 million yen, and profit before tax was up 31.1% to 43,570 million yen. Profit for the term from all operations was up 41.3% to 39,475 million yen year on year, and profit attributable to owners of the company was up 41.6% to 39,412 million yen.

"Eyeglass lenses have recovered about 85% of its sales before the flood in Thailand and we predict to have a 100% recovery by the end of this fiscal year," said Hiroshi Suzuki, chief executive officer of HOYA. "Medical endoscopes are growing in Middle East and Asia. We are focusing on developing products that can differentiate us from competitors."

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
   9/11 9/12 (%)9/11 


Revenue96,505 93,103-3.5189,669 185,717-2.1
Profit before tax15,67417,75313.333,24143,57031.1
Profit for the term12,56916,27829.527,92939,47541.3
Profit attributable to owners of the company12,52416,23329.627,83639,41241.6
Basic earnings per share(yen) 29.03 37.62   64.52 91.35  

*Revenue and profit before tax do not include discontinued operations.

*Results are preliminary and unaudited.


About HOYA

Founded in 1941 in Tokyo, Japan, Hoya is a global technology company and the leading supplier of innovative and indispensable high-tech/medical products based upon its advanced optics technologies. Hoya provides mask blanks and photomasks for the semiconductor devices and liquid crystal panels, optical lenses, glass memory disks for HDDs, medical endoscopes, eyeglass lenses, and operates retail shops for contact lenses. Hoya now has over 100 subsidiaries and employs approximately 35,500 people worldwide. For more information, please visit www.hoya.com/

Hoya Group
Akiko Maeyama / Naoji Ito, +81-3-3232-0065
Corporate Communications

KEYWORDS:   United Kingdom  Europe  Asia Pacific  Ireland  Japan


The article Hoya Announces Second Quarter Financial Results Under IFRS originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners