Pentax 2015 Annual Report Download

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Table of contents

  • Page 1

  • Page 2
    ... will drive the accelerated growth of the HOYA Group in the long term remains unchanged. In the Life Care field, HOYA reported a major increase in sales, due to expansion in sales of eyeglass lenses in overseas markets and the consolidation of Seiko Optical Products Co., Ltd. (SOP) at the end of...

  • Page 3
    ...whole. One of the features of HOYA Group management is the development and nurturing of niche markets where it can demonstrate its strengths, and maximize profitability by capturing a high market share in these markets. In other words, HOYA's base strategy is to be "a big fish in a small pond." In...

  • Page 4
    A Closing Word about HOYA Management HOYA is a collection of various businesses, including electronics, imaging, health care, and medical, and we think of HOYA as a concept encompassing all of these businesses. The ultimate raison d'être for HOYA is to manage each of these businesses in response to...

  • Page 5
    ...-Term Stable Growth Is Expected in the Life Care Segment HOYA Life Care is focused on two domains. These are the eyerelated product markets and low-invasive medical devices. In the eye-related field, HOYA is focused on eyeglass lenses and contact lenses which are part of our daily lives and play an...

  • Page 6
    ... positioned to provide customers throughout the world with superior HOYA, SEIKO, and PENTAX products and services across a broad product range. In existing business domains also, we saw favorable growth in revenues, mainly in overseas markets, and reported major expansion in the eyeglass lens...

  • Page 7
    ... for product development. In marketing, we will position SEIKO eyeglass lenses as the premium brand and focus on expanding sales in Europe, the Americas, and other developed markets. SEIKO eyeglass business due to its strong brand recognition has significant opportunities to expand outside Japan...

  • Page 8
    ...for LCDs used in smartphones and tablet computers continued to be favorable. Demand for photomasks for 4K and large LCDs for TVs was also strong, and sales rose year on year. In the imaging-related products business, the market for digital cameras, which are the main application for HOYA products in...

  • Page 9
    ... to the realization of new technologies. In the imaging-related product business, three product areas, namely, optical materials, optical lenses, and lens units, account for about 80% of sales. By application, about 70% of these products go into conventional digital cameras. We are continuing to...

  • Page 10
    ... tablet computer fields. We are working to differentiate ourselves by responding to customer needs accurately and promptly and increase our market share. HOYA's Core Competencies in the IT Field HOYA conducts many business activities in the IT field and supplies products to meet differing market...

  • Page 11
    ... role as an outside director is to draw on my "common sense" regarding management that I have gained as a member of top management elsewhere and perform a checking function in many capacities making use of the Company's financial statements, conducting dialogue with the market, responding in times...

  • Page 12
    As an outside director, I want to fulfill my weighty responsibilities by working to observe and provide direction for the executive officers and through drawing on my "common sense" about management and capability for asking questions. Mitsudo Urano Outside Director Copyright ©2015 HOYA GROUP

  • Page 13
    ... are "catching the attention of and creating positive tension" among the executive officers. I think the Board of Directors of HOYA are explanations, and all the outside directors express their opinions. As a "company-with-nomination committees," HOYA has three committees, namely, the Nomination...

  • Page 14
    ... also, as a natural extension of HOYA's two major segments of IT and Life Care, I believe it will be possible to realize further growth through continuing to create new products and businesses through innovation and technology development. Takeo Takasu Outside Director Copyright ©2015 HOYA GROUP

  • Page 15
    ... position in the IT field and, in the Life Care field, it must accurately identify the markets where it will focus, differentiate its products and services, and build a strong, solid presence. To do this, it will be important to draw on top-quality human resources from around the world. HOYA...

  • Page 16
    ... Team members at HOLT sat down to provide a video report about their unit's role in Hoya's expanding Vision Care business. RX Business Management GM Ms. Unchalee Chaiprapa HOLT's Role as Global Super Laboratory HOYA LENS THAILAND LTD. is the largest eyeglass lenses manufacturing company located...

  • Page 17
    ...were the key to recover the production within only six months. HOLT continues to play a leading role in Vision Care, closely coordinating with affiliated factories and laboratories around the world and supporting ongoing improvements in quality and service going forward. Copyright ©2015 HOYA GROUP

  • Page 18
    ... Officer, HOYA Vision Care Company Asia Headquarters Mr. Yasuyuki Nitta Chief Operating Officer, HOYA LENS SHANGHAI LTD. Ms. Joice Xue Vice General Manager, Seiko Optical Trading (Shanghai) Co., Ltd. Ms. Nichole Yan In video interviews, team members at Asia HQ, HOYA Vision Care Company, share...

  • Page 19
    ...-known brands, namely, SEIKO and PENTAX in all regions. As HOYA Vision Care Company has developed its eyeglass lens business in Asia for many years, it has built a favorable reputation as an eyeglass lenses manufacturer for the high quality of its products and the excellence of its services. HOYA is...

  • Page 20
    ... for Europe and North America, respectively. 2013 HOYA acquired eyeglass lens development and manufacturing business from Seiko Epson Corporation. HOYA acquired 30% of the shares of Seiko Optical Products Co. Ltd., a wholly owned subsidiary of SEIKO Holdings Corporation responsible for the sales of...

  • Page 21
    ..., 34.5% of its sales are accounted for by products that 24.1% s a result of pursuing policies for establishing a position as a leading company in designated markets and maximizing profit, in fiscal 2015 HOYA's ratio of pretax profit to sales was 24.1%. Going forward, HOYA will continue not only...

  • Page 22
    ...of Outside Directors on the Board â...š Ratio of Non-Japanese in Senior Management Positions at Overseas Subsidiaries 76.0% In all its businesses, HOYA pursues the development of globally optimal production and marketing systems. As part of its distinctive globalization policy, HOYA appoints a high...

  • Page 23
    ...as digital camera lenses. The Life Care segment deals with 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 Business segment offers mainly information system services. Copyright ©2015...

  • Page 24
    ...glass substrates for use in hard disks held firm, but sales of digital camera related products continued to be weak. On the other hand, the Life Care segment reported substantial increases in sales of eyeglass lenses in overseas markets, and the consolidation of the sales company for SEIKO eyeglass...

  • Page 25
    ... the year was ¥92,941 million, representing increases of 38.3% and 54.5%, respectively. These were supported by improved profitability in the Information ... profit before tax to sales was 24.1%, a 4.1 percentage point increase from the preceding fiscal year's 20.0%. Copyright ©2015 HOYA GROUP

  • Page 26
    ... for applications, such as external HDDs for game consoles, held firm, resulting in increased sales over the previous year. Imaging-Related Products In the digital camera market, including compact digital cameras and interchangeable lens camera types, the number of units sold fell substantially...

  • Page 27
    ... sales company for SEIKO eyeglass lenses at the end of the previous fiscal year, an increase in sales in overseas markets and higher unit prices, and the positive effect of the decline in the value of the yen. Sales of contact lenses decreased, despite the opening of new "Eyecity" specialty stores...

  • Page 28
    .... Regarding internal reserves, resources will be preferentially appropriated to investment in the Life Care business field, which we have positioned as a growth business. These resources are being used for market share expansion, entry into untapped markets, and developing as well as acquiring new...

  • Page 29
    ...2014.). The interim dividend was set at ¥30 per share and coupled with the end-of-year dividend, the annual dividend will be ¥75 per share. The consolidated dividend payout ratio is 34.4%. Financial Position Total assets at the end of the fiscal year under review...to owners of the parent company ...

  • Page 30
    ... cash ï¬,ow was increased by Â¥2,118 million in proceeds from sales of property, plant and equipment (an increase of Â¥1,168 million year on year) and other items, this inï¬,ow was offset by payments for acquisition of property, plant and equipment of Â¥18,385 million (an increase of Â¥1,839 million...

  • Page 31
    ... the Life Care segment, in the eyeglass lens business, where HOYA is aiming to capture growth in the expanding global market, investments were made to increase production capacity in volume production facilities in Asia and improve productivity in HOYA's processing plants located around the world...

  • Page 32