Pentax 2010 Annual Report Download - page 32

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Stock Price Data
Dividends
Hoya determines dividends for each fiscal year by taking into account the Company's
performance and medium- and long-term capital requirements. It also tries to strike a balance
between returning profits to shareholders, employee welfare benefits, and supplementing
internal reserves to fund future growth. Hoya's policy regarding internal reserves is to continue
to actively appropriate resources for marketing for consumer products, primarily in the medical
field, while also making timely investments in corporate mergers and acquisitions and R&D for
future growth, as well as investing to ensure sufficient production capacity and to develop next-
generation technologies and new products.
In the fiscal year under review, after balancing the need for internal reserves for future growth,
Hoya paid an interim dividend of ¥30 per share and a year-end dividend of ¥35 per share, for
an aggregate dividend of ¥65 per share for the full year, on a par with the previous fiscal year.
Dividends per share
Results by Region
In Japan, the Electro-Optics Division recorded decreases in both sales and earnings because of
falling unit prices for products and declining sales volume. In the Vision Care Division as well,
both sales and earnings fell as a result of the protracted market slowdown. With the Pentax
divisions, however, sales fell due to steep price competition with competitors amid the
economic recession, but earnings rose thanks to cost-reduction effects achieved through
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