Pentax 2009 Annual Report Download - page 51

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90
60
30
0
–30
Asia
Europe
Japan
North America
0 5 10 15 20 25
Consolidated Basis
0
20
40
60
80
100
6.2
8.5
71.1
14.2
5.3
8.0
75.6
11.1
4.8
8.5
76.6
10.1
5.7
8.0
71.8
14.5
5.2
7.7
72.6
14.5
49
HOYA Annual Report 2009
Results by Region
In Japan, sales fell in the Vision Care Division due to the market slow-
down, but thanks to cost-reduction efforts the division saw higher
earnings. The Electro-Optics Division, however, recorded decreases in
both sales and earnings because of falling unit prices for products and
declining orders. As a result, net sales in Japan totaled ¥259,631
million and operating income came to ¥7,371 million, representing a
decrease in both sales and earnings year on year.
In North America, consumer sentiment cooled amid rising uncer-
tainty about the future of the economy due to financial uncertainty. The
Vision Care Division saw lower sales as a result of the appreciation of the
yen, but recorded higher earnings due to the benefits of cost reductions.
In the Pentax digital camera business, however, lackluster performance
resulted in a major drop in earnings. As a result, net sales in North
America totaled ¥55,028 million and operating income came to ¥1,225
million, representing both lower sales and lower earnings year on year.
In Europe, there was a visible slowdown in growth in the retail
market, with contraction evident in certain countries. The Vision Care
Division recorded declines in both sales and earnings amid the poor
economic conditions and the strong yen, as did the Pentax Division,
which was severely struck by exchange rates. Net sales in Europe
totaled ¥97,144 million and operating income came to ¥4,943 million,
representing higher revenues but lower earnings year on year.
In Asia, the Electro-Optics Division recorded higher sales due to
the relocation of manufacturing bases and other factors, but declining
product prices led to lower earnings. Meanwhile the Vision Care Divi-
sion saw both sales and earnings fall against the backdrop of the
strong yen and economic slowdown, despite a strong effort in emerg-
ing economies such as China and India. As a result, net sales in Asia
totaled ¥42,392 million and operating income came to ¥35,772 million,
both lower year on year.
Sales Growth and Profitability by Geographical Segment Fiscal year ended March 31, 2009 (Compared with the previous fiscal year)
Sales Growth Ratio (%)
Operating Margin (%)
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) on sales growth and profitability by geographical segment is not available for Pentax and is
therefore not included in the calculations for this visual representation.
Group Employees by Region Each Year ended March 31
(Person) 2005 2006 2007 2008 2009
Total 21,234 25,176 28,450 35,545 34,592
n Japan 3,007 2,800 2,861 5,158 5,014
n฀North America 1,316 1,337 1,380 2,010 1,797
n฀Europe 1,809 2,009 2,429 2,862 2,660
n฀Asia 15,102 19,030 21,780 25,515 25,121
(%)