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HOYA REPORT 2014
There is no end to our quest
for HOYA’s ideal portfolio
President & CEO Hiroshi Suzuki
Increase in sales and profit in real terms in fiscal 2013
During fiscal 2014 (from April 1, 2013 to March 31, 2014), the HOYA Group increased its sales
and profit in real terms and made further progress in
adjusting its business portfolio to emphasize the Life Care
segment. At the same time, in my view, fiscal 2014 was the
year when we sharply defined the issues we face for
achieving what we aim to be in the future.
HOYA´s consolidated sales amounted to ¥427.6 billion, up
15% year-on-year, while profit before tax decreased by 6% to ¥85.5 billion and net profit
decreased by 17% to ¥60.1 billion. Operating profit from regular sales activities actually increased
by 38% y-o-y, excluding one-time profits, such as ¥32.2 billion insurance income relating to the
flood damage in Thailand and ¥2.2 billion gain on step acquisitions, associated with the
acquisition of shares of an eyeglass lens manufacturing and sales subsidiary in Brazil, present
Optotal HOYA Limitada.
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 Epson Corp. In addition, segment sales grew strongly due to the
combination of growth in sales of contact lenses and endoscopes and the impact of yen
depreciation. Segment pretax profit amounted to ¥49.7 billion, marking a decline of 23% due to
a reaction to the booking of extraordinary profit a year earlier, but profit from regular sales
activities increased by 55% and the segment profit margin improved to 19.3% from 15.8% in the
previous year.
Meanwhile, the Information Technology segment recorded sales of ¥159.3 billion, down 1%.
While sales of products for smartphones and tablet PCs were firm, sales of products for notebook
PCs and digital cameras decreased as demand for those final products was sluggish.
Nevertheless, as a result of our speedy structural reform in anticipation of the market shrinkage,
segment pretax profit amounted to ¥35.9 billion (up 13%) and profit from regular sales activities
increased by 18%, improving the segment profit margin to 22.5% from 18.8% in the previous year.
Please refer to the messages of segment COOs for further detail on segment results.
Copyright 2014 © HOYA CORPORATION