Pentax 2003 Annual Report Download - page 10

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LCD photomasks are the original plates for the thin film transistors (TFTs) and color filters neces-
sary to manufacture the LCD displays used in televisions, PCs and mobile phones. Digital devices incor-
porating LCD displays are making further inroads to everyday life, and the market for LCDs has grown
along with the number of applications. Many Asian manufacturers, mainly in Korea and Taiwan, have
entered the market, and competition is intense. To survive the price war it is necessary for manufacturers
to produce a large number of panels at once. There is also increasing demand for photomasks on larger
glass substrates. Hoya is meeting this demand by producing such large-scale photomasks, leading the
industry with technology to produce photomasks that are larger and more detailed, while continuing to
focus on promising product fields.
Hoya has made a number of anticipatory investments in mask blanks and photomasks in the years
up to fiscal 2003, and expects that fiscal 2004 will be the year for full-scale business activity in the field.
We have great expectations of positive results in the near future.
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