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Financial Review
Copyright 2013 © HOYA CORPORATION
8
Financial Position
Total assets at the end of the fiscal year under review increased ¥42,839 million, or 7.4% year on year, to
¥618,074 million.
Non-current assets increased ¥24,357 million (14.2%) year on year, to ¥195,917 million. The cost of restoration
for major eyeglass lens production sites damaged by the flooding in Thailand and construction of a plant to
produce mask blanks for semiconductors in Singapore and others led to an increase of ¥32,343 million in
property, plant and equipment – net, while investments in associates decreased ¥12,401 million as a share of
losses from associates was recorded.
Current assets increased ¥18,483 million (4.6%) year on year, to ¥422,157 million. The increase was primarily due
to a rise in trade and other receivables of ¥13,133 million and a ¥44,124 million increase in cash and cash
equivalents, while other short-term financial assets decreased by ¥38,062 million partly due to payments for
redemption of corporate bonds.
Liabilities amounted to ¥147,389 million, a ¥43,193 million decrease from the level of a year earlier. This was
primarily due to a ¥39,333 million decrease in interest-bearing short-term debt, which was mainly caused by
payments for redemption of corporate bonds and a
¥4,224 million decrease in retirement benefits
obligation, stemming from the completion of a
closed-end defined-benefit plan (former Pentax
retirement fund plan), which was transferred at the
time of the business integration with Pentax.
Total equity increased by ¥86,032 million year on
year, to ¥470,685 million, partly due to a ¥43,055
million increase in reta ined e arnings. Equity
attributable to owners of the Company, which is
obtained by deducting non-controlling interest in
equity from total equity, amounted to ¥470,872
million, improving the ratio of equity attributable to
equity holders of the parent by 9.3 percentage points
from a year earlier levels, to 76.2%.