Pentax 2013 Annual Report Download - page 42

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Business Overview
Copyright 2013 © HOYA CORPORATION
Eyeglass Lenses
Lifecare
4We will accelerate growth through organic growth
combined with M&A.
The number of eyeglass wearers is projected to continue to increase due to the worldwide aging
of the population and an increase in the middle-income populations of emerging markets.
Hoya's eyeglass lens business experienced a sharp drop in sales because of the large floods that
occurred in Thailand in the fall of 2011, but sales recovered steadily during the subsequent year. In
addition, we turned an affiliated company that has top market share as an eyeglass lens
manufacturer and sales company in Brazil into a wholly-owned subsidiary in 2012. Then, in 2013,
we acquired the Seiko brand eyeglass lens development and manufacturing business from Seiko
Epson Corporation and decided to take an equity stake in Seiko Optical Products Co., Ltd., a
company that sells Seiko eyeglass lenses. Thus, we are actively promoting business expansion
through M&A as well as through organic growth.
Hoya's strengths are its product capabilities backed by advanced technologies, its efficient
production network that extends globally, and its service innovation that leverages information
technology. Moreover, we aim to achieve further growth as our passionate global personnel deliver
these outstanding values supported by the trust of our customers.