Pentax 2005 Annual Report Download - page 6

Download and view the complete annual report

Please find page 6 of the 2005 Pentax annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 79

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79

<Information Technology>
The Electro-Optics division saw net sales grow by 22.6%
over the previous year, and operating income was up 40.1%.
Both the growth in demand for digital consumer electronics
products and our ability to respond to market demand for
these products contributed to these good results.
Net sales in the Photonics division grew by 161.2%, and
the operating loss turned to operating income. The sales of
HOYA CANDEO OPTRONICS CORPORATION were
posted to the Electro-Optics division until the end of the
previous fiscal year but have now been classified in the
Photonics division beginning in the fiscal year under review,
which brought a significant increase over the previous year.
The Information Technology field was characterized by
growth in the first half of the fiscal year under review
followed by a slowdown in the second half. The optical lens
business was particularly symbolic of this trend. With Hoya’s
high market share in optical lenses used for digital cameras,
when production started to fall in the digital camera market
in the summer, the adverse effect was quite pronounced.
Hoya’s mask blank and photomask business closely
follows investment trends at our major customers—
semiconductor and LCD panel manufacturers—as they
develop new products. In this area too, activity focused in
the first half of the fiscal year under review, as some
manufacturers reduced their investment for R&D in the
second half. This produced a clearly discernible difference
between our first- and second-half results.
Demand for glass disks for HDDs, however, continued to
grow throughout the year. In addition to the strong demand
for small-sized disks for portable music players, growth was
supported by the steady demand for personal computers
and servers.
Digital consumer electronics are
a driver of good achievement.