Pentax 2009 Annual Report Download - page 7

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Since it was founded in 1941 as Japan’s first specialized optical glass manufacturer, Hoya has expanded and
grown from our core competence in optical technology to cover a broad range of businesses, including elec-
tronics, photonics, and eye care. This history is one of “portfolio management;” developing core businesses
while cultivating new ones, acquiring outside businesses and selectively allocating resources to ensure balanced
growth and earnings for the Group overall. Over the years, Hoya has achieved continuous growth by optimally
structuring its business portfolio to stay in step with the times. Our merger with Pentax in fiscal 2008 was based
on this idea. When we looked ahead to Hoya 10 or 20 years down the road, we wanted to ensure that the Com-
pany would have the technologies and markets it needed. That is why I believe the merger was an extremely
meaningful step for us. Given the impact of the global economic slump, we have yet to see the results we ini-
tially expected, but I firmly believe that Pentax’s technologies and business base in the medical field will eventu-
ally bear fruit in the future.
While the high-tech industry may be maturing, Hoya can look to the aging societies of Japan, Europe, and the
United States, and to improvement of infrastructure in newly emerging economies for enormous latent demand in
health care fields such as eyeglasses, contact lenses, intraocular lenses, medical endoscopes, and artificial com-
posite bone. For some of these fields, the market itself is expected to grow in the long term, while in others there
is still room to increase our market share. I therefore believe that there is ample potential for growth.
Hoya has positioned health care as a growth segment for the future. We will work to achieve ongoing growth
across the Group by actively investing management resources in these fields, while at the same time securing
stable earnings from the Information Technology fields by displaying our technological competitiveness.
A COMPANY THAT CONTINUES TO DELIVER VALUE TO SOCIETY
I believe the role of a company is to exist permanently and provide continuous value to society. As the times
have changed, Hoya has changed its core businesses and products. However, for over half a century we have
contributed to the creation of a prosperous society through the technology of manipulating light.
In order to continue providing the value that society seeks, I have made it my top management priority to
secure sustainable growth by practicing portfolio management to the greatest extent possible. That is why in
the fiscal year under review we took advantage of the merger with Pentax to add a COO from outside the Com-
pany. We have thus formed a top management team of four executives: CEO, COO, CFO, and CTO. These four
In developing optimal regional production and
sales and promoting globalization, Hoya continues
to carry on the corporate philosophy of “changing
with the times and conditions and implementing
selection and concentration.”
5
HOYA Annual Report 2009