Pentax 2009 Annual Report Download - page 43

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41
HOYA Annual Report 2009
Sales by Region (Based on the office location) Each Year ended March 31
Sales to Domestic and Foreign Customers (Based on the location of customers) Each Year ended March 31
(Millions of Yen) 2005 2006 2007 2008 2009
n Japan 230,946 244,998 270,373 291,566 259,631
n฀North America 30,775 35,471 37,456 56,680 55,028
n฀Europe 33,803 39,232 51,336 89,420 97,144
n฀Asia 12,648 24,527 30,928 43,965 42,392
(Millions of Yen) 2005 2006 2007 2008 2009
n Japan 166,414 173,506 178,547 188,520 170,363
n฀North America 43,520 42,673 44,954 59,294 55,915
n฀Europe 36,430 41,201 53,524 92,116 99,800
n฀Asia and other 61,808 86,848 113,068 141,701 128,117
(%)
(%)
Information Technology business declined 21.9% year on year. Within
the Eye Care business, net sales in the Vision Care Division were down
12.4% year on year, while in the Health Care Division net sales rose
8.2% year on year. For the Pentax divisions, net sales dropped 30.1%,
compared with the previous fiscal year, including first-half results prior
to consolidation.
By customer region, net sales to customers in Japan decreased
9.6%, to ¥170,363 million, while net sales to overseas customers
declined 3.2%, to ¥283,832 million. As a result, the composition of net
sales was 37.5% domestic and 62.5% overseas, meaning that overseas
net sales accounted for an even higher proportion of total net sales
than in the previous fiscal year.
Hoya calculated the effect of exchange rates on operating results
during the fiscal year under review by comparing the foreign currency-
denominated financial statements of its overseas subsidiaries when
converted into yen at the average exchange rates during the fiscal
year with the same statements when converted into yen at the aver-
age exchange rates during the previous fiscal year. In currency mar-
kets during the fiscal year under review, the yen rose 11.6% against
the U.S. dollar, to ¥100.66, 11.7% against the euro, to ¥143.28, and
19.5% against the Thai baht, to ¥2.94 compared with the previous
year. As a result of the yen’s appreciation against these currencies, the
operating results of Group companies in major overseas regions were
lower than they would have been if converted using the previous fiscal
year’s rates. For the Group overall, exchange rates reduced net sales
by ¥30,100 million and net income by ¥8,143 million.