Pentax 2014 Annual Report Download

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HOYA REPORT
2014
CEO and COOs talk about
HOYA today and tomorrow

Table of contents

  • Page 1
    HOYA REPORT 2014 CEO and COOs talk about HOYA today and tomorrow

  • Page 2
    .... The Life Care segment, which is designated as a growth sector for HOYA, recorded sales of ¥265.5 billion, up 27% year-on-year. The Eyeglass Lens division reported a large increase in sales, supported by the recovery from the impact of the floods in Thailand and the transfer of business from Seiko...

  • Page 3
    ... aggressive in studying potential M&A targets, particularly in the Life Care segment, an area of growth for HOYA. In the existing businesses, we look for M&A opportunities to expand coverage into untapped markets, expand market shares, and acquire new products or new technologies in the peripheral...

  • Page 4
    ... return, we remain diligent and careful in considering M&A opportunities now and will be so in the future. Targeted M&A Opportunities Expand coverage in untapped markets Expand market share in existing markets Acquire new products or new technologies Aim to be "a big fish in a small pond" HOYA...

  • Page 5
    ..., we intend to use excess cash to reward shareholders, with appropriate timing. Concluding message HOYA has achieved many years of growth by constantly modifying its business portfolio and offering products and services which satisfy the needs of the times. In fiscal 2014, the profit which was...

  • Page 6
    ... profit growth in real terms The Life Care segment recorded revenue of ¥265.5 billion (up 27% year-on-year). The eyeglass lenses business reported a large increase in revenue, supported by the recovery from the impact of the floods in Thailand and the transfer of the business from Seiko Epson Corp...

  • Page 7
    ... rate than the market for eyeglass lenses The eyeglass lenses business posted an increase in revenue compared to the previous year due to the recovery from the floods in Thailand in October 2011, the acquisition of new customers, the effect of higher sales from the acquired Seiko Epson Corp. in...

  • Page 8
    ... as of March 31, 2014, and turned it into a consolidated subsidiary of HOYA. Going forward, we will make use of HOYA´s global manufacturing and sales network to expand sales of Seiko brand eyeglass lenses, which have high worldwide recognition, into a global market. In manufacturing and development...

  • Page 9
    HOYA REPORT 2014 we opened 19 new stores on an annual basis, and this fiscal year, we plan to open even more. While leveraging our No. 1 brand power in Japan and high market share, we will focus on further expanding our store network by also considering mergers and acquisitions. Medical endoscopy ...

  • Page 10
    ... high growth by broadening our HOYA footprint To attract and retain the best talent in the market, through 3 talent management systems and managed career development plans To maintain HOYA´s technology leadership by developing and 4 acquiring new technologies that will help us fulfil unmet customer...

  • Page 11
    ...Officer & COO, Life Care Profile Girts CIMERMANS After serving in high-level management positions mainly in the European market at medical equipment manufacturers such as GE Healthcare and KaVo Dental GmbH, Girts Cimermans took up the post of President EMEA at Pentax, HOYA´s Endoscope Division, in...

  • Page 12
    ... In fiscal 2014 (from April 1, 2013 to March 31, 2014), the Information Technology segment recorded sales of ¥159.3 billion, down 1.2% year-on-year. Sales of semiconductor related products, LCD related products, and glass disks for hard disk drives (HDDs) were strong, but digital camera related...

  • Page 13
    ... in digital camera related sales, and overall sales of imaging related products consequently declined. In terms of profit, however, as we rapidly reduced costs to address the rapidly shrinking market, we managed to maintain the level of profit. Optical glass Lens modules Copyright 2014 © HOYA...

  • Page 14
    ... seek business opportunities in new markets that we have not ventured into yet by applying the advanced technologies that HOYA possesses. Products that we are specifically considering at present include lens units for smartphones, lenses for security cameras, car-mounted camera lenses, and HDD glass...

  • Page 15
    ... REPORT 2014 Strengths of HOYA's Information Technology segment The strengths of HOYA´s Information Technology businesses are the technologies that have been cultivated since the Company´s foundation and the high market share that is underpinned by these technologies. By narrowing down the target...

  • Page 16
    ...such as digital camera lenses. The Life Care segment deals in health care related products such as eyeglass lenses and contact lenses, as well as medical related products such as intraocular lenses and endoscopes. The Other Businesses segment offers mainly information system services. Sales During...

  • Page 17
    HOYA REPORT 2014 declined. On the other hand, in the Life Care segment, eyeglass products posted a dramatic growth in sales due to the recovery from the impact of the flooding in Thailand and the addition of sales from the eyeglass lenses business absorbed from Seiko Epson Corporation. Sales of the ...

  • Page 18
    ...digital camera market and interchangeable lens markets due to the market encroachment by smartphones and sales slumps caused by the economic slowdown in China. Under these conditions, the HOYA Group endeavored to expand sales of high value added glass materials, high-end mid to large diameter lenses...

  • Page 19
    ...services to satisfy our customers and dealers around the world. Medical related products Sales of medical related products trended favorably to post an increase from the preceding consolidated fiscal year thanks to sales growth of new high-end series products, which was launched in the fall of 2012...

  • Page 20
    ... consolidated fiscal year due to reporting the before-mentioned extraordinary profits in the preceding consolidated fiscal year. Other The Other businesses segment mainly consists of information system services offered to the HOYA Group and outside customers as well as new business development...

  • Page 21
    ... and new products. As a result of this thinking, the Company set the end-of-year dividend for the consolidated fiscal year under review at 45 yen per share, a 10 yen increase from the preceding fiscal year. Coupled with the interim dividend of 30 yen per share already paid, the annual dividend will...

  • Page 22
    ..., a need that was keenly felt following the Great East Japan Earthquake of March 2011, and to heighten competitiveness in cutting-edge areas. As for the Life Care business, and in particular the eyeglass lenses business, investment to reinforce capabilities at Copyright 2014 © HOYA CORPORATION

  • Page 23
    HOYA REPORT 2014 lens manufacturing plants around the world, including the mainstay plants in Thailand, was conducted to resolve tight production conditions that have developed due to a solid growth in demand. During the previous consolidated fiscal year, significant investments were made into the ...

  • Page 24
    HOYA REPORT 2014