Pentax 2008 Annual Report Download - page 4

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President and CEO
Hiroshi Suzuki
We aim to capitalize on our business
integration with Pentax for sustained growth
by speeding up optimization of our business
portfolio to meet the needs of the times
I would like to thank all our shareholders for their continual
understanding and support of the Hoya Group’s management
activities. First, I am delighted to report that Hoya submitted a
tender offer to acquire Pentax Corporation in July 2007, taking on
the firm as a consolidated subsidiary in August. On March 31,
2008, Hoya and Pentax merged to form a single business entity.
Looking at the fiscal year under review as a turning point in Hoya’s
history, I am pleased to explain our future business direction,
including the role of Pentax.
Review of Fiscal 2008
In the fiscal year under review, a large shadow was cast over the
global economy by financial instability stemming from the U.S.
subprime loan problem and soaring prices for crude oil and other
raw materials. Amid such conditions, the Group’s consolidated
results showed net sales of ¥481.6 billion, operating income of
¥95.0 billion, ordinary income of ¥100.1 billion and net income of
¥81.7 billion. Partly thanks to the inclusion of the business results
of Pentax Corporation and its subsidiaries into the consolidated
A Message to Our Stakeholders
2