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HOYA is striving to become a sustainable company by
continuously providing definite value to society based on an
unwavering management philosophy and a portfolio strategy
that is both unique and timely.
Hiroshi Suzuki
President and CEO
The fiscal year ended March 2011 was witness to a string of economic events, from the
European financial crisis to a persistently strong yen, the rise of emerging countries, and further
deflation in Japan. And, in March, Japan was hit with a disaster of unprecedented proportions,
the Earthquakes and Tsunami. It was therefore simultaneously a year of momentous change in
HOYA's operating environment.
Despite navigating such rough waters, HOYA pursued a management strategy of capturing
value in Information Technology and concentrating management resources in Life Care to
accelerate growth.
Reviewing the past year, I will provide an overview of the year and report on prospects for the
future.
HOYA is pursuing calls for maintaining our competitive edge with the aim of capturing a certain
level of revenues in Information Technology, which pivots on our exceptional optical technology,
and accelerating growth in Life Care by injecting management resources on a priority basis. In
Life Care, there was marked growth in the global market and among the emerging market
countries in particular.
A
s a result of the above, in the fiscal year under review we achieved consolidated net sales of
¥
413,349 million from continuing operations, an increase of 2.7% over the previous year, and
income before income taxes and minority interests of ¥63,758 million, a year-on-year increase of
26.2%. The hard disk glass media manufacturing business was transferred, so it is classified as
a discontinued operation. We recorded a gain on transfer of ¥10,343 million, and income from
discontinued operations totaled ¥9,873 million. As a result, net income for the HOYA Group
overall was ¥59,579 million, a year-on-year increase of 43.5%.
Initiatives and Achievements: Review of Fiscal 2011