Pentax 2008 Annual Report Download - page 9

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Hiroshi Suzuki, President and CEO
Another anticipated benefit of the business integration is the
contribution of Pentax’s optical design technologies to the
enrichment of Hoya’s technology and expertise in optics. Pentax
has excellent technologies relating to the design of a wide variety
of optical parts and the manipulation of light itself. Going forward,
we wish to share these technologies across the entire Group. By
fusing Hoya’s technical capabilities with Pentax’s optical
technologies, we should see future possibilities not only for
cameras but also for totally new domains. To ensure favorable
results from consolidating the two companies, we first intend to
transform Pentax’s business structure to streamline management
and bolster responsiveness to market needs.
This business integration represents a milestone, rather than
an endpoint, in the growth of the Hoya Group. Just looking at the
medical devices field, we still see technologies and products that
have room for improvement. We maintain our policy of cultivating
and acquiring new technologies and new businesses to add value
to the Hoya Group.
Although Pentax Corporation has been dissolved by this
merger, we will continue to use the globally recognized Pentax
brand name.
A Final Word to Our Shareholders
In the fiscal year under review, a difficult external environment
and issues within the Company led to performance that fell short
of expectations. I would like to once again apologize to our
shareholders for the significant concerns this may have caused. In
the business integration with Pentax as well, we received a broad
range of opinions, admonitions and encouragement from our
shareholders and a large number of our stakeholders, making this
watershed year one in which I felt a renewed sense of
responsibility as CEO. As Hoya responds flexibly to changes in the
times, we remain committed to creating the kind of value for the
general public and the advancement of society that only Hoya
can offer. I look forward to the understanding and support of our
shareholders in these endeavors for many years to come.
HOYA ANNUAL REPORT 2008 7