Pentax 2013 Annual Report Download - page 11

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From CEO
Copyright 2013 © HOYA CORPORATION
segment and to build a new business portfolio.
We plan to shift and utilize cash flow, management
k now- how, a nd hum a n r e so u rc e s f rom th e
Information Technology segment to the Life Care
segment. While it is difficult to foresee the future in
this time of uncertainty, Hoya's visions and strategies
are becoming clear. As a person in charge of funds
made available to us by shareholders, I am fully
committed to the management of Hoya.
I thank our shareholders for their ongoing support
and understanding.
July 2013
5Concluding message to shareholders
President and CEO
      Hoya is engaged in various businesses
with each one striving to strengthen itself, with the
aim of becoming "a big fish in a small pond." Each
business has a strategy, is operated by passionate
employees who are dedicated to execute the
strategy, and is supported by a global system. In
addition, each business is based on a management
structure which has been designed to enable
sustainable growth and operate within a transparent
g ov e r n a n c e s y ste m w h i c h e n sure s p r o per
functioning. I firmly believe that Hoya's sources of
strengths have emerged from such underlying
structure.
As Hoya's CEO, I am dedicated to the mid-term
sustainable annual growth of 10%. To achieve this,
we intend to realize high growth of the Life Care
Endoscopes, in my view, will be the products that
provide a platform for new applications.
I constantly keep reviewing and developing our
business portfolio in various ways to match the time
and environment. By doing so, I remain committed to
my task as CEO to the goal of maximizing the return
on funds extended by our shareholders. I think that
the company is owned by its shareholders and the
company deser ves to exist by generating the
expected return for the shareholders. From a
perspective of return to shareholders not only at
present but also for the future, we aim at a long-term
sustainable generation of return.
One of my challenges as CEO is how to efficiently
use cash accumulated on our balance sheet. We
have co nsi dered var iou s M& A op portunities
cautiously, as one of the ways to grow. However, in
many cases, high valuations have prevented us from
concluding such deals. While we have not achieved
as much as desired, we will continue to address this
pressing issue and intend to fill in whatever is missing
in our portfolio.