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Copyright 2013 © HOYA CORPORATIONCopyright 2013 © HOYA CORPORATIONCopyright 2013 © HOYA CORPORATION
Financial Review
Management Discussion and Analysis (All Operations*)
1
2
Scope of Consolidation
Adoption of International
Financial Reporting Standards
As of March 31, 2013, the HOYA Group ("HOYA") consisted of the HOYA CORPORATION, 101 consolidated
subsidiaries (6 of which are domestic and 95 overseas) and eight affiliates (4 of which are Japanese and the
other 4 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.
HOYA prepares its consolidated financial statements in compliance with International Financial Reporting
Standards (IFRS), under the provision of Article 93 of the "Ordinance on Terminology, Forms and Preparation
Methods of Consolidated Financial Statements" (Ministry of Finance Regulation No.28, 1976).
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 (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.