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As of March 31, 2012, the HOYA Group (“HOYA”) consisted of the HOYA
CORPORATION, 103 consolidated subsidiaries (4 of which are domestic and
99 overseas) and nine affiliates (4 of which are Japanese and the other 5
overseas).
HOYA is operated and managed through global consolidated group
management. The independent management teams of business segments,
including Information Technology, and Life Care, are responsible for
executing management strategies. Regional headquarters in America,
Europe and Asia support business operations by strengthening relationships
with countries and areas in the respective regions, such as by providing legal
support and conducting internal audits. In particular, HOYA has its treasury
base in the Netherlands.
Effective from the fiscal year ended March 31, 2011, HOYA prepares its
consolidated financial statements in compliance with International Financial
Reporting Standards (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 IFRSs. These segments are
Information Technology, Life Care, and Other Businesses.
The reportable segment are constituent units of the Group for which separate
financial information is obtained and examined on a regular basis by the
Board of Directors, the chief operation decision maker, to determine the
allocation of management resources and evaluate the business performance.
In accordance with its management philosophy, the Group has categorized
“Information Technology” and “Life and Culture” as its business domains, to
achieve sustainable growth in corporate value in these business domain, the
Group has been making decisions on the allocation of management
resources and monitoring the operating results. As a result, the Group
consists of three reportable business segments: the Information Technology
business, the Life Care business and the Others business, which are
consistent with the above business domains.
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
Management Discussion and Analysis (All Operations*)
* “All operations” means that the financial figures include both “continuing operations” and “discontinued operations”.
Scope of Consolidation
Adoption of the International Financial Reporting Standards