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President and CEO
HOYA has built a powerful, resilient business
structure in the face of unexpected changes. We will
utilize this structure to further develop a portfolio for
future growth.
Hiroshi Suzuki
The fiscal year ended March 2012 was marked by an unprecedented series of
events and circumstances--the Great East Japan Earthquake of March 11,
disastrous flooding in Thailand, sharp yen appreciation, skyrocketing prices
associated with China's restrictions on rare earth exports, and changes in the
semiconductor market environment. All had a significant and undeniably
adverse impact on Japan's economy and industry.
HOYA was also impacted considerably, so I do not believe that our financial
performance was satisfactory from the standpoint of shareholders. However,
with the exception of these transient factors, we were able to reinforce the basic
structure of our businesses and add more muscle. This allowed us to capture
market share and revenue in Information Technology and accelerate growth by
focusing management resources on Life Care. It was therefore also a year of
steady progress in portfolio management. Of course we will be flexible in
transforming business portfolios as times change, and are aware of the need in
this era of rapid change for making prompt revisions to our portfolio.
Reviewing the past year with this in mind, I will provide an overview of the year
and report on prospects for the future.
With markets growing more competitive, in the Information Technology field we
identified and focused on priority businesses. These efforts bore fruit as we
leveraged our competitive technical capacities to generate relatively stable
revenues in face of the prevailing headwind of yen appreciation and rising raw
material costs.
In the area of mask blanks for semiconductor production, we are producing
stable revenues while maintaining overwhelming market share. In the year
under review, we strengthened customer relations by promoting development
more in line with the specific needs of individual customers. Glass memory
disks for hard disk drives made further progress in the market as we launched
CEO Message
Initiatives and Achievements: Review of Fiscal 2012