Pentax 2012 Annual Report Download - page 64

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Electronics related products
The markets of semiconductors and liquid crystal-related products generated a
certain level of demand, especially in emerging countries, but growth was sluggish
on the whole amid economic uncertainties. HOYA managed to secure considerable
shipment volumes, especially among state-of-the-art products and high precision
products, but sales decreased, due to a continued falling trend of unit prices and
yen's appreciation.
In contrast, shipment volumes of glass disks (substrates) for HDDs surpassed
those in the preceding consolidated fiscal year, but sales decreased slightly
compared to the previous year due to clients being affected by the flooding in
Thailand, on top of the impact of the strong yen.
Ima
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related product
Lenses for digital cameras contributed significantly to increased sales from the
preceding consolidated fiscal year, driven by interchangeable lenses for digital
single-lens cameras particularly noteworthy was the increase in the ratio of high-
value-added glass models, in which we had been putting a great deal of sales
expansion efforts.
A
s a result, the Information Technology segment posted sales of 182,089 million
yen, a 16.6% decrease over the preceding consolidated fiscal year. The segment
profit (profit before tax) decreased 19.6% year on year, to 37,527 million yen.
On July 1, 2011, an agreement was reached and concluded between HOYA and
Ricoh Co., Ltd. to transfer the PENTAX Imaging Systems Business to Ricoh and
the transfer was executed on October 1, 2011. As a result, the Business is
classified as a discontinued operation from this consolidated fiscal year.
Business Overview for the fiscal year ended March 2012
Note: Beginning with the fiscal year ended March 31, 2011, HOYA prepares its consolidated financial statements and other documents in compliance with the
International Financial Reporting Standards (IFRSs)