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40 HOYA Annual Report 2009
Sales by Business Segment Each Year ended March 31
Management’s Discussion and Analysis
Hoya Group and Scope of Consolidation
The Hoya Group (the “Group”) consists of Hoya Corporation (the
“Company”), 102 consolidated subsidiaries (6 in Japan and 96 overseas)
and 10 affiliates (5 in Japan and 5 overseas). Of the affiliates, 4 (2 in
Japan and 2 overseas) are accounted for by the equity method.
The Hoya Group is managed on a global, consolidated basis.
Each of the Group’s business divisions and subsidiaries carries out
their business strategies as formulated by the global headquarters at
Hoya Corporation, yet with their own management responsibility.
Each region—North America, Europe and Asia, —has its own head-
quarters, which focuses on enhancing relations with countries or
regions of its operations, as well as supporting business promotion
activities. Hoya’s branch in the Netherlands is the financial headquar-
ters for the Group.
Business Integration with Pentax
In the first half of the previous fiscal year (fiscal year ended March 31,
2008), Hoya made a tender offer for the shares of Pentax Corporation,
and as a result became the owner of a majority of Pentax’s shares,
thereby bringing the company and its subsidiaries (hereafter “Pentax”
collectively) under the scope of consolidation from August 14, 2007.
The income statement of Pentax was consolidated into Hoya’s income
statement from the second half of the previous fiscal year (the six-
month period from October 1, 2007 to March 31, 2008). Subsequently,
Hoya merged with Pentax on March 31, 2008.
Net Sales
Consolidated net sales for the fiscal year ended March 31, 2009,
amounted to ¥454,195 million, declining 5.7% year on year. By princi-
pal business segment, net sales in the Electro-Optics Division of the
(Millions of Yen) 2005 2006 2007 2008 2009
Net Sales 308,172 344,228 390,093 481,631 454,195
(Millions of Yen) 2005 2006 2007 2008 2009
n Electro-Optics 165,664 190,552 219,252 209,883 163,902
n฀Photonics 10,749 10,093 9,093 9,090 6,367
n฀Vision Care 94,971 104,457 119,808 126,338 110,725
n฀Health Care 31,409 35,484 40,850 46,177 49,968
n฀Pentax — — — 89,032 122,190
n฀Other Businesses 5,379 3,642 1,090 1,111 1,043
(Millions of Yen)
(%)
Net Sales Each Year ended March 31