Pentax 2014 Annual Report Download - page 6

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HOYA REPORT 2014
I am confident that
we can increase our business
growth potential
Executive Officer and Life Care COO
Girts Cimermans
Life Care businesses achieved revenue
and 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. In addition, segment revenue 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 unusual profit a year earlier, but profit from regular sales activities
increased by 55%.
We expect steady long-term growth,
underpinned by expansion of the global market
HOYA Life Care is well positioned to meet the needs of both
mature and emerging markets. The population in the mature
markets is aging. The middle class in emerging markets
expands, and drives demand for improved access to
healthcare as well as provides more spending power for high
end products and services. Each of the Life Care divisions
provides a portfolio of products that meet the specific
demographic development and is thus helping patients
worldwide to lead healthy and comfortable lives.
The Life Care divisions work mainly in two care areas. In
particular, needs for products associated with eyes, namely,
eyeglass lenses, contact lenses and intraocular lenses, are likely to grow steadily with the
increase of aging population. In emerging markets improvement in the disposable income
allows more people to buy eyeglasses, or to buy more sophisticated eyeglasses that
better meet their vision correction needs. The population that requires vision correction is
projected to increase from 4.1 billion at present to 5.1 billion in ten years. Furthermore, as
the middle-income class population in emerging markets is estimated to grow from 1.8
billion to 4.9 billion by 2030, the worldwide population that requires vision correction is
projected to increase from here on.
Copyright 2014 © HOYA CORPORATION