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09
For the Year Ended March 31, 2009
Annual Report

Table of contents

  • Page 1
    An nual R eport 09 For the Year Ended March 31, 2009

  • Page 2
    ... ended March 31, 2008, March 31, 2009, and the year ending March 31, 2010, respectively. Our Evolving Strategy Interview with COO 10 Hoya at a Glance 12 Information Technology 12 Electro-Optics Division 16 Photonics Division 17 Eye Care 17 Vision Care Division 19 Health Care Division 21 Pentax

  • Page 3
    ...The Group's financial headquarters move to Europe Eyeglass lens operation headquarters move to Europe IOL operations headquarters move to North America A Highly Transparent Corporate Governance System In order to keep guard against the potential for stagnation in the Board of Directors system, Hoya...

  • Page 4
    ... were added to the Group's scope of consolidation. Therefore, performance figures shown include the results of Pentax Corporation and its subsidiaries from the second half of the fiscal year ended March 31, 2008 (the six-month period from October 1, 2007 to March 31, 2008). NET SALES (Millions...

  • Page 5
    ... to report to our stakeholders about conditions in fiscal 2009 and our outlook going forward. REVIEW OF FISCAL 2009 During fiscal 2009, Hoya's business environment deteriorated rapidly. Financial unease quickly spread from the United States around the globe, resulting in a drop in capital...

  • Page 6
    ...fiscal 2009. In optical lenses, production adjustments in the digital camera market resulted in lower orders for lenses for compact digital cameras, while prices declined, leading to a significant fall in sales. Eye Care In the Vision Care business, which produces eyeglass lenses, net sales totaled...

  • Page 7
    ...optical glass manufacturer, Hoya has expanded and grown from our core competence in optical technology to cover a broad range of businesses, including electronics, photonics, and eye care. This history is one of "portfolio management;" developing core businesses while cultivating new ones, acquiring...

  • Page 8
    ... of the expanded Hoya Group to construction of a business portfolio for the future. Subsequently, at the June 2009 shareholders' meeting, the number of internal directors decreased from four to three. At the following meeting of the Board of Directors, five executive officers were appointed...

  • Page 9
    ... the wider global market and which areas to target for finished products such as eyeglass and contact lenses and Pentax's cameras and medical endoscopes. For high-tech parts and materials, it means creating new business strategies while keeping a close eye on the market for finished products as it...

  • Page 10
    ... due to the rise of low-price lenses. We aim to expand the business in this area by shifting gears to cover the entire market, from high-end to low-end. Likewise, with the EyeCity contact lens business, we are not stopping at being Japan's largest chain of contact lens retail stores. Instead, we are...

  • Page 11
    ... across the entire Group in order to establish a strong, low-cost operating structure. Through these initiatives, I hope to cultivate a strong corporate culture in which employees will take the whole product supply chain into perspective and consider the pursuit of competitiveness as part of their...

  • Page 12
    ...2007 2008 2009 Eye Care Health Care Division 50 40 30 20 10 0 Core Products • Contact lenses • Intraocular lenses (IOL) 2005 2006 2007 2008 2009 200 160 120 80 40 0 Pentax*1 Core Products • Medical endoscopes • Prosthetic bone filler • Digital cameras • Lens units for digital...

  • Page 13
    ... to deliver high-value-added lenses to customers around the world quickly and efficiently. The Company holds the top market share in Japan. In the fiscal year under review downward pressure on prices increased, particularly in Japan and Europe. Nevertheless, the division secured growth in profits by...

  • Page 14
    ... the photomasks. The Company supplies these products to semiconductor manufacturers in Japan and overseas and boasts an overwhelming share of the global market for mask blanks, particularly high precision mask blanks. In the fiscal year under review, business in the semiconductor industry was robust...

  • Page 15
    ...and increasing yields. In the fiscal year under review, the Company implemented improvements to the defect rates and degree of precision of multitone masks, focusing on differentiating its products in the market. Hoya also began such activities as utilizing inspection technology to raise the quality...

  • Page 16
    INFORMATION TECHNOLOGY GLASS MEMORY DISKS FOR HARD DISK DRIVES Fiscal 2009 Business Overview and Results Hoya produces glass memory disks used as recording media for hard disk drives (HDDs) and the glass substrates used to produce them. The Company mainly manufactures 2.5 inch disks, which are ...

  • Page 17
    ... compact digital cameras smaller and lighter and with greater picture definition. During the fiscal year under review, the Company supplied the market with high-value-added products, such as concave meniscus aspherical lenses, and developed and introduced new types of optical glass demonstrating...

  • Page 18
    ... customers as high quality products with superior fabrication precision and sales were also firm overseas. Overall, specialty glass supported the division's performance during the fiscal year under review. In the newly transferred polarized glass business, work on developing new customers progressed...

  • Page 19
    ... developing high-quality premium lenses and on improving price competitiveness by enhancing mass production facilities and Super RX Labs (special processing plants), with the twin aims of expanding market share and improving profitability. index lens. In the price-sensitive single-focus lens market...

  • Page 20
    ... work to improve profitability through sales of high-valued-added products and expand market share by also providing low-priced lenses. To support this strategy, we will establish an efficient supply system with production that leverages the strengths of each mass production facility and country lab...

  • Page 21
    ... to store locations that customers will find convenient and reviewing store designs. In terms of sales promotions, the Company will augment traditional methods by making use of the Internet and other digital media in its marketing activities to efficiently target a broad customer base. Moreover...

  • Page 22
    ... new products, with a focus on China, South Korea and Australia. These measures resulted in high growth and strong results. In addition, as business expanded, the Company conducted construction to expand production capacity in the Singapore factory, strove to secure a low-cost, stable supply...

  • Page 23
    ... products are generated in North America and Europe, sales were greatly impacted by currency exchange rates. ENDOSCOPES FOR MEDICAL USE Fiscal 2009 Business Overview and Results In the medical devices field, Pentax develops high-quality flexible endoscopes for medical use and medical accessories...

  • Page 24
    ... even novice users to take pictures with ease. This camera was well supported by women and families. In January 2009, we created excitement in the market by also releasing a limited-edition white model of the PENTAX K-m. In terms of product strategy, we emphasized both market positioning and sought...

  • Page 25
    ... supplying custom-specified lenses to digital camera manufacturers and their ODM and OEM partners both in Japan and overseas. In particular, Pentax's patented sliding lens system has contributed greatly to reducing the size of compact digital cameras with high-zoom lenses. Going forward, the Company...

  • Page 26
    .... Important matters are all reported to meetings of the Board of Directors in order to ensure soundness of management. CORPORATE GOVERNANCE FRAMEWORK In June 2003, Hoya moved to a "company-with-committees" management system as defined under the Companies Act of Japan, establishing three committees...

  • Page 27
    ... system that incentivizes directors and executive officers. It was established with the objective of contributing to improved financial performance for Hoya, by undertaking fair and accurate evaluations of results. The remuneration package for each director includes a fixed salary, results...

  • Page 28
    ...Japan, North America (the United States and Canada), Thailand and Europe. It is scheduled to be introduced in the Philippines in June 2009. The intention is to continue to expand the number of countries covered, giving the Hoya Help Line worldwide coverage. • Internal Control Reporting System Hoya...

  • Page 29
    ... our opinions, creating a strong Board of Directors and a highly transparent system of corporate governance. Hoya is currently at a turning point. Its operations are growing and becoming increasingly global, while it expands its business domains through the merger with Pentax. As the chairperson of...

  • Page 30
    ...member of the Japan Portable Rechargeable Battery Recycling Center (JBRC), a cooperative for recycling small rechargeable batteries, Hoya promotes battery recycling activities. The Company has installed a recycling box at the Itabashi facility in Tokyo to recycle batteries. (5) Collecting PET bottle...

  • Page 31
    ...to enable us to obtain and measure samples of ground water, the Company built an inspection well at its Koka facility. Going forward, tests will be conducted annually, and the results reported to the prefectural governor. • Measures to Handle Asbestos Building Materials Measures to handle asbestos...

  • Page 32
    ... and health systems, audits are conducted on a regular basis at facilities in Japan and overseas by a director and staff of the Hoya Group Environmental Protection and OSH. • Promoting OSH Activities by Global Staff In order to promote sharing of information, education, and communication, Hoya...

  • Page 33
    ... subsidiaries in Asia, Europe, North America, and other regions, Hoya is planning to further strengthen its OSH management system and to enhance the performance of occupational safety and health. Health Promotion Activities • Mental Health Measures With the help of industrial doctors, Hoya has...

  • Page 34
    ... businesses, and supports development on technology themes common to more than one business division. In March 2008, Hoya merged with Pentax, in the process adding a new business domain: Pentax's precision devices, such as medical-use endoscopes and digital cameras, which the company has built...

  • Page 35
    ... high frame rate.*2 Using a narrow-band laser light source and image processing, the Company is working to improve the ability to distinguish between normal areas and tumors, and in combination with various optical technologies, it is aiming for application in applied products with new functionality...

  • Page 36
    ... moves of its production bases and trading partners into international markets. Cross-Licensing and Out-Licensing Hoya's individual businesses are not large, but the Company strives to improve its competitiveness in each respective market. Hoya focuses on effectively and fully utilizing the patents...

  • Page 37
    ... be most efficient in commercializing a product, Hoya takes steps to seek licenses to use third-party patents or introduce their technologies. Systems Supporting Intellectual Property Activities The Hoya Group is organized according to business divisions and companies, with extensive delegation of...

  • Page 38
    ..., Hoya is making the fullest possible use of intellectual property in line with its policy of increasing the competitive strengths of its global businesses. Total 3,679 n Electro-Optics Division n Photonics Division n Vision Care Division n Health Care Division n Pentax n New-Business Related...

  • Page 39
    ... Statements of Income 57 Consolidated Statements of Changes in Equity 59 Consolidated Statements of Cash Flows 61 Notes to Consolidated Financial Statements 85 Independent Auditors' Report 86 Corporate Data 87 Timeline 88 Hoya Group Global Network 90 Investor Information HOYA Annual Report 2009 37

  • Page 40
    ...(Times) Price book value ratio (PBR) (Times) Stock price at year-end (Yen) (after adjustment for stock split) Employees Notes: 1. Effective April 1, 2002, the Company adopted "Accounting Standard for Earnings per Share" (Statement No. 2 issued by the Accounting Standards Board of Japan on September...

  • Page 41
    ...: From fiscal 2002 and after, figures for cash flow per share are shown as cash flow from operating activities divided by the average number of issued shares for the fiscal period. Figures prior to 2002 are calculated using simple cash flow calculated by adding depreciation and other factors to net...

  • Page 42
    ... global headquarters at Hoya Corporation, yet with their own management responsibility. Each region-North America, Europe and Asia, -has its own headquarters, which focuses on enhancing relations with countries or regions of its operations, as well as supporting business promotion activities. Hoya...

  • Page 43
    ... on the location of customers) (%) Each Year ended March 31 100 80 54.0 60 50.4 45.8 39.1 37.5 12.3 40 14.1 11.8 20.1 0 (Millions of Yen) 12.3 22.0 12.4 12.0 25.2 11.5 13.7 19.1 20 29.0 29.5 28.2 2005 2006 2007 2008 2009 n Japan n฀North America n฀Europe n฀Asia and other...

  • Page 44
    ... this decrease included lower profitability due to lower sales from major divisions. In addition, the Pentax digital camera business recorded an operating loss due to lower product prices caused by a sudden and sharp drop in market demand and escalating competition, resulting in operating costs that...

  • Page 45
    ...internal reserves to fund future growth. Hoya's policy regarding Stock Price Data Each Year ended March 31 (Times) (Yen) 50 5,000 40 4,000 30 3,000 20 2,000 10 1,000 0 (Times) 0 2005 2006 2007 2008 2009 Price earnings ratio Price cash flow ratio Price book value ratio Stock price...

  • Page 46
    Management's Discussion and Analysis Quarterly Financial Data Quarterly Net Sales Each Year ended March 31 (Millions of Yen) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 150,000 120,000 90,000 60,000 30,000 0 (Millions of Yen) 2008 2009 Net Sales 97,779 100,980 147,055 135,816 130,157 128,372 ...

  • Page 47
    ..., optical communication products, etc. Laser equipment, light sources for electronics industry, special optical glasses Eyeglass lenses, eyeglass frames Contact lenses and accessories, intraocular lenses Endoscopes, medical accessories, bone prosthesis, CHT Ceramic Hydroxyapatite, digital cameras...

  • Page 48
    ... caused a significant fall in orders for compact digital camera lenses and lower market prices. Note: The operating margin above is calculated using sales to customers plus intersegment sales. Please refer to details on page 45, Sales and Operating Income by Segment. 46 HOYA Annual Report 2009

  • Page 49
    ...a 12.3% sales decline. In the European market, competition from low-priced lenses grew more intense. In response, Hoya worked to expand sales of high-value-added lenses, primarily in Western European countries, but sales nevertheless fell 6.5%. In Asia and Oceania, although sales of single-focus and...

  • Page 50
    ... Imaging Systems business, the entry-level digital SLR PENTAX K-m was launched in October 2008, and the compact, water-proof digital camera PENTAX Optio W60 was brought to market in June 2008. Despite promoting these unique products incorporating Pentax's technologies, stiff price-based competition...

  • Page 51
    ... North America 0 Europe Japan -30 0 5 10 15 Asia 20 25 Note: • The size of the circle represents the amount of operating income. Grey circles represent the previous fiscal year; blue circles represent the fiscal year under review. • Pre-consolidation data (six months ended September 30, 2007...

  • Page 52
    ..., and a decline in investment securities as a result of the partial sale of part of the Company's equity interest in equity-method affiliate AvanStrate Inc. (formerly NH Techno Glass Corporation) Total liabilities were down ¥41,732 million from the previous fiscal year-end, to ¥253,086 million...

  • Page 53
    ... in addition to the depreciation costs. For the fiscal year under review, each of the Pentax business divisions and others applied impairment accounting, resulting in an impairment loss of ¥30,459 million. Interest-Bearing Debt Each Year ended March 31 (Millions of yen) (%) 160,000 40 120,000...

  • Page 54
    ... equipment, centered on investments related to next-generation products in the Electro-Optics Division, as well as the absence of the ¥72,463 million used in the previous fiscal year to acquire Pentax's shares. Net cash used in financing activities amounted to ¥5,801 million, a difference of ¥74...

  • Page 55
    ..., it would affect not only the Hoya Group's results but also the production and sales plans of its customers, which might bring about increased market share for its competitors, etc., and adversely affect the business results and financial condition of the Hoya Group. HOYA Annual Report 2009 53

  • Page 56
    ...HOYA Corporation and Subsidiaries March 31, 2009 and 2008 Millions of Yen Thousands of U.S. Dollars (Note 1) ASSETS CURRENT ASSETS Cash and cash equivalents Notes and accounts receivable Trade...Investment securities (Note 3) Investments in non-consolidated subsidiaries and affiliated companies ...

  • Page 57
    ... subscription rights (Note 14) Retained earnings Net unrealized loss on available-for-sale securities, net of tax Foreign currency translation adjustments Treasury stock, at cost-2,160,060 shares in 2009 and 2,158,291 shares in 2008 Total MINORITY INTERESTS TOTAL EQUITY TOTAL LIABILITIES AND EQUITY...

  • Page 58
    Consolidated Statements of Income HOYA Corporation and Subsidiaries Years Ended March 31, 2009, 2008 and 2007 Millions of Yen Thousands of U.S. Dollars (Note 1) 2009 2008 2007 2009 NET SALES COST OF SALES (Notes 6, 10, 11 and 14) Gross profit SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (...

  • Page 59
    Consolidated Statements of Changes in Equity HOYA Corporation and Subsidiaries Years Ended March 31, 2009, 2008 and 2007 Millions of Yen Net Unrealized Gain (Loss) on Available for Sale Securities, Net of Tax Outstanding Number of Shares of Common Stock Common Stock Capital Surplus Retained ...

  • Page 60
    ...per share Repurchase of treasury stock Disposal of treasury stock Net increase (decrease) in unrealized gain (loss) on available-for-sale securities Net increase in foreign currency translation adjustments Net increase in subscription rights Net decrease in minority interests BALANCE, MARCH 31, 2009...

  • Page 61
    ...sales of Investment securities Loss on write down of investment securities Received commission for previous years Gain on transfer business Additional retirement benefits paid to employees Loss on remediation of soil pollution and others Other-net Changes in assets and liabilities Decrease (increase...

  • Page 62
    ... of business Net cash used in investing activities FINANCING ACTIVITIES Net increase (decrease) in short-term loans Proceeds from long-term bank loans and issuance of corporate bonds Repayments of long-term debt Payments for purchases of treasury stock Proceeds from sales of treasury stock Dividends...

  • Page 63
    ... outside Japan. In addition, certain reclassifications have been made in the 2008 and 2007 financial statements to conform to the classifications used in 2009. The consolidated financial statements are stated in Japanese yen, the currency of the country in which Hoya Corporation (the "Company") is...

  • Page 64
    ... used in place of the net selling value, if appropriate. The Company applied the new accounting standard for measurement of inventories effective April 1, 2008. The effect of this change in accounting methods on profit or loss and on business segment information was minimal. e. Investment Securities...

  • Page 65
    ...transition date and do not transfer ownership of the leased property to the lessee as operating lease transactions. The effect of this change in accounting methods on profit or loss and business segment information was minimal. l. Bonuses to Directors-Bonuses to directors are accrued at the year end...

  • Page 66
    ... Activities-The Group uses derivative financial instruments to manage its exposures to fluctuations in foreign currency exchange rates. Foreign exchange forward contracts are utilized by the Group to reduce foreign currency exchange risks. The Group does not enter into derivatives for trading or...

  • Page 67
    ...Investment securities as of March 31, 2009 and 2008 consisted of the following: Millions of Yen 2009 2008 Thousands of U.S. Dollars 2009 Marketable equity securities Non-marketable equity securities Total ¥2,050 1,500 ¥3,550 ¥3,616 1,308 ¥4,924 $20,865 15,278 $36,143 HOYA Annual Report 2009...

  • Page 68
    ...-for-sale securities for the years ended March 31, 2009 and 2008. No. 4 INVENTORIES Inventories as of March 31, 2009 and 2008 consisted of the following: Millions of Yen 2009 2008 Thousands of U.S. Dollars 2009 Finished products and merchandise Work in process Raw materials and supplies Total...

  • Page 69
    ... OF LONG-LIVED ASSETS The Group reviewed its long-lived assets for impairment for the years ended March 31, 2009, 2008 and 2007 as follows: 2009 Use Location Type of assets Millions of Yen Thousands of U.S. Dollars Goodwill and other fixed assets for the PENTAX Division Trademark rights of the...

  • Page 70
    ... Mainly 10 years Mainly 2.0% Mainly 3.5% Mainly 10 years Mainly 10 years The estimated amount of all retirement benefits to be paid at the future retirement date is allocated equally to each service year using the estimated number of total remaining service years. 68 HOYA Annual Report 2009

  • Page 71
    ...31, 2009. Such appropriations are recognized when the Board of directors resolves them. (b) Increases/decreases and transfer of common stock, (a) Dividends Under the Companies Act, companies can pay dividends at any time during the fiscal year in addition to the year-end dividend upon resolution at...

  • Page 72
    ...: Millions of Yen Year Ending March 31 2009 2008 Thousands of U.S. Dollars 2009 2010 2011 2012 2013 2014 Thereafter Total ¥ 4,402 4,213 4,358 166 160 791 ¥14,090 ¥ 8,749 4,607 4,038 44,128 6 60,456 $ 44,814 42,895 44,367 1,692 1,630 8,048 $143,446 ¥121,984 70 HOYA Annual Report 2009

  • Page 73
    ...Company and its consolidated domestic subsidiaries are subject to Japanese national and local income taxes which, in the aggregate, resulted in a normal effective statutory tax rate of approximately 40.4% for the years ended March 31, 2009, 2008 and 2007... (18,971) 113,242 HOYA Annual Report 2009 71

  • Page 74
    ... for the years ended March 31, 2009, 2008 and 2007 was as follows: 2009 2008 2007 Normal effective statutory tax rate Loss on impairment and depreciation of goodwill Adjustment of deferred tax assets The amount influence of merging Undistributed earnings of overseas subsidiaries Change in valuation...

  • Page 75
    ...of Yen 2009 2008 Thousands of U.S. Dollars 2009 Guarantees of borrowings and lease obligations for customers Guarantees of borrowings for the Group's employees Trade notes discounted Total ¥1,720 2 181 ¥1,903 ¥2,070 2 1,551 ¥3,623 $17,516 19 1,842 $19,377 HOYA LENS DEUTSCHLAND GMBH (Germany...

  • Page 76
    ... interest rate swap is notional. The figures do not indicate market risks relating to the derivative transactions 2. Calculation of market value is based on the prices provided by the financial institutions the Company entered into the interest rate swap contracts with. 74 HOYA Annual Report 2009

  • Page 77
    ... interest rate swap is notional. The figures do not indicate market risks relating to the derivative transactions 2. Calculation of market value is based on the prices provided by the financial institutions the Company entered into the interest rate swap contracts with. HOYA Annual Report 2009 75

  • Page 78
    ...,000 Common stock February 24, 2009 60,000 1 9th stock subscription rights Type and number of recipients Number of stock options by type of stock to be issued Grant date Vesting requirements Service period Exercise period Directors of subsidiaries Employees of the Company Employees of subsidiaries...

  • Page 79
    ...taking into account a four-for-one stock split for common stock as of November 15, 2005. 2. As the 1st stock subscription rights through 5th stock subscription rights were granted before the Corporate Act of Japan became effective, fair value per unit was not calculated. HOYA Annual Report 2009 77

  • Page 80
    ... number of stock options to be forfeited in the future. 4. Stock-based compensation expense is recorded on the consolidated statement of income for the year ended March 31, 2009 as follows: Cost of sales Selling, general and administrative expenses ¥ 63 million ¥243 million 78 HOYA Annual Report...

  • Page 81
    ... ended March 31, 2009, 2008 and 2007 was as follows: (1) Industry Segments a. Sales and Operating Income Millions of Yen 2009 Information Technology Electro-Optics Photonics Eye Care Vision Care Health Care Pentax Other Businesses Total Eliminations and Corporate Consolidated Sales to customers...

  • Page 82
    ...Information Technology Electro-Optics Photonics Eye Care Vision Care Health Care Pentax Other Businesses Total Eliminations and Corporate Consolidated Sales to customers Intersegment sales Total sales...(3,390) (3,390) 154 ¥481,631 - 481,631 386,557 ¥ 95,074 ¥(3,544) 80 HOYA Annual Report 2009

  • Page 83
    ...communication products, etc. Photonics: Laser equipment, light sources for use in the electronics industry, special optical glass, etc. Vision Care: Eyeglasses, eyeglass frames, etc. Health Care: Contact lenses and related accessories, intraocular lenses, etc. Pentax: Endoscopes, medical accessories...

  • Page 84
    ...ended March 31, 2009, 2008 and 2007 are summarized as follows: Millions of Yen 2009 North America Eliminations and Corporate Japan Europe Asia Total Consolidated Sales to customers Intersegment sales Total sales...689,444 (212,373) (212,373) (221,371) 8,998 ¥ 23,866 82 HOYA Annual Report 2009

  • Page 85
    ... of income. (3) Sales to Foreign Customers The sales to foreign customers of the Company and subsidiaries for the years ended March 31, 2009, 2008 and 2007 are summarized as follows: Millions of Yen 2009 North America Europe Asia Other Total Overseas sales (A) Consolidated sales (B) (A)/(B) ¥55...

  • Page 86
    ... following countries: North America: United States of America, Canada, etc. Europe: Netherlands, Germany, United Kingdom, etc. (including South Africa) Asia: Singapore, Thailand, Republic of Korea, Taiwan, etc. (including Australia) Other: Saudi Arabia and Brazil, etc. 84 HOYA Annual Report 2009

  • Page 87
    HOYA Annual Report 2009 85

  • Page 88
    ... (Formulates Group strategies) Information Technology Eye Care Pentax Legal and Financial Support Japan Asia (Regional headquarters) United States (Regional headquarters) EU/FHQ (Regional headquarters and Group financial headquarters) Global Business Expansion 86 HOYA Annual Report 2009

  • Page 89
    ... the Tokyo and Nagoya Stock Exchanges. The Electronics Division's Nagasaka Plant was completed, and the production of IC substrates began. Hoya's on-line network to handle eyeglass lens orders was introduced in the Vision Care Division. Hoya Electronics Co., Ltd., merged with the parent company. The...

  • Page 90
    ... 31, 2009) Europe Regional Headquarters HOYA HOLDINGS N.V. Amsterdamseweg 29, 1422 AC Uithoorn, The Netherlands TEL +31-0297-514-356 HOYA HOLDINGS (ASIA) B.V. Information Technology HOYA CONBIO FRANCE EURL Eye Care HOYA LENS DEUTSCHLAND GMBH HOYA LENS DANMARK A/S HOYA LENS U.K. LIMITED HOYA LENS...

  • Page 91
    .... TI PENTAX HOLDING CO.,LTD. u Regional Headquarters HOYA HOLDINGS, INC. 101 Metro Drive, Suite 500, San Jose, CA 95110, U.S.A. TEL +1-408-441-0400 Information Technology HOYA CORPORATION USA HOYA PHOTONICS, INC. RADIANT IMAGES, INC. Eye Care HOYA LENS CANADA, INC. HOYA LENS OF AMERICA, INC. EAGLE...

  • Page 92
    INVESTOR INFORMATION (As of March 31, 2009) Listing of the Company's Shares First Section of the Tokyo Stock Exchange Shares of Common Stock Authorized: 1,250,519,400 shares Issued: 435,017,020 shares Trading Unit 100 shares Number of Shareholders 83,770 Share Ownership Ownership Individuals, ...

  • Page 93
    ... ¥1,212 ¥2,105 ¥1,500 For additional information about this publication, contact: HOYA Group Corporate Communications HOYA Service Corporation 1-29-9 Takadanobaba, Shinjuku-ku, Tokyo 169-8661 Japan TEL +81-3-3232-0062 FAX +81-3-3232-7198 URL http://www.hoya.co.jp/ HOYA Annual Report 2009 91

  • Page 94
    2-7-5 Naka-Ochiai, Shinjuku-ku, Tokyo 161-8525, Japan http://www.hoya.co.jp/ This report is printed on recycled paper Printed in Japan