Pentax 2012 Annual Report Download - page 68

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(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 materials for use in medical procedures.
This segment is typically required to obtain approvals and permissions in
accordance with the Pharmaceutical Affairs Act in Japan and other
regulations. As a result, sophisticated technologies and highly reliable quality
control systems are critical for smooth business operation in this sector.
The Other Businesses segment mainly offers information system services,
and takes charge of new businesses.
During the consolidated fiscal year ended March 31, 2012, a sense of
uncertainty continued to linger in the global economy due to fiscal concerns in
the United States and Europe, despite the growth observed in emerging
countries. Japan suffered the impact of the Great East Japan Earthquake in
the beginning of the fiscal year, but showed signs of recovery along with the
restoration of supply chains. However, causes of concern still remain, such as
the electricity shortage and the radioactivity issue stemming from the nuclear
power plant accident, in addition to the accelerated uptrend of the Japanese
Yen, further heightening the sense of anxiety over the future of the economy.
On top of this, the massive flooding that occurred in Thailand in October 2011
inflicted huge damage to manufacturing sites of Japanese companies and
heavily affected supply chains.
Against such uncertainties, HOYA properly responded to changes in orders
received according to market demand, and basically maintained the
competitiveness of its businesses per se, but its sales were affected greatly
by a fall in unit prices and the strong yen. Furthermore, HOYA's production
sites of flagship products such as eyeglass lenses, which are located in
Thailand, were severely affected by the flood, such as being forced to
suspend operations for a long period of time. It was also affected by the
production sites of clients including HDD manufacturers being flooded.
As a result, sales for the fiscal year under review amounted to ¥376,940
million, down ¥46,123 million (10.9%) year on year. By principal business
segment, net sales decreased 16.6% year on year in the Information
Technology business, and decreased 5.0% year on year in the Life Care
business.
By customer region, net sales to customers in Japan decreased 9.5%, to
¥144,943 million and net sales to overseas customers decreased 11.7%, to
Sales