Pentax 2011 Annual Report Download - page 19

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Hoya Group and Scope of Consolidation
A
s o
f
March 31, 2011, the Hoya Group consists of Hoya Corporation, 102 consolidated
subsidiaries (4 in Japan and 98 overseas), and 10 affiliates (5 in Japan and 5 overseas).
The Hoya Group is managed on a global, consolidated basis. Each of the Group's business
segments, including Information Technology and Life Care, carries out its business strategies as
formulated by the global headquarters at Hoya Corporation, yet with its own management
responsibility. Regional headquarters in North America, Europe and Asia support business
operations by strengthening relationships with countries and areas in the respective regions, by
such means as providing legal support and conducting internal audits. The Hoya Group's
headquarters for finance is in the Netherlands.
Adoption of IFRSs Net Sales Income
Dividends Financial Position
Capital Expenditures/Depreciation and Amortization
Cash Flows Subsequent Event
Adoption of IFRSs
Effective from the fiscal year ended March 31, 2011, the Company prepares its consolidated
financial statements in compliance with IFRSs. With respect to reporting segments presented in
the overview of operation by business category, Hoya divides its business into three reporting
segments in accordance with IFRS 8. These segments are Information Technology, Life Care,
and Other Businesses.
The reporting segments are constituent units of the Group for which separate financial
information is obtained and reviewed regularly by the Board of Directors, the Group’s chief
operating decision making body, to determine the allocation of management resources and
evaluate business performance. In accordance with its management philosophy, the Group has
categorized "information technology" and "life and culture" as its business domains. To achieve
sustained growth in corporate value in these business domains, the Group makes decisions on
the allocation of management resources and monitors their operating results. As a consequence,
the Group consists of three reporting segments consistent with the above business domains:
Information Technology, Life Care and Other Businesses.
The Information Technology business handles products for the myriad of applications spawned
by the digitalization of information and the emergence of the Internet. This segment produces
and sells a broad array of I/O (input/output) device related products in the information technology
sector, including electronics related products that are essential for modern digital information and
communications technologies, and optical technology-based imaging related products that are
necessary to import pictures and video images as digital information.
The Life Care business produces and sells health care related products for daily use in the
healthcare and medical sectors, and medical related products, including equipment and