Pentax 2015 Annual Report Download - page 2

Report on Results for the Fiscal Year Ended March 31, 2015
Net sales of the HOYA Group for fiscal 2015 (ended March 31, 2015) amounted to ¥489.9 billion, representing an
increase of 14.6% over the previous fiscal year. Pretax profit was ¥118.2 billion, 38.3% higher year on year, and net
profit amounted to ¥92.9 billion, representing a 54.5% increase over fiscal 2014. HOYA currently positions its Life
Care business segment as a growth field, while, on the one hand, the role of the Information Technology segment
as a mature field is to generate stable earnings. Based on this positioning, HOYA is continuing to expand its
business portfolio. Both the Life Care and Information Technology segments reported increases in sales and profit.
In fiscal 2015, as the Life Care segment continued steady growth, the Information Technology segment showed
major increases in profit, supported by stronger demand than was expected. In the Information Technology
segment in particular, HOYA made progress in reducing costs as a result of the acceleration of structural reforms in
recent years based on a conservative market outlook. In the midst of strong market demand, HOYA has been able
to respond successfully, and this has been responsible for the favorable results reported by the segment. However,
our view that the Life Care segment 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 the previous fiscal
year. In the endoscopes business, over the past two to three years, HOYA has concentrated on tapping into
demand in emerging countries and regions, including Eastern Europe, the Middle East, and Russia. However, due
to such factors as the deterioration of political conditions in those areas, sales remained at the same level as in the
previous year. In the contact lenses retailing business, as a result of the impact of the increase in Japan’s
consumption tax, sales were below the previous fiscal year. However, sales of intraocular lenses for cataract
surgery have recovered steadily from the recall conducted previously, and sales expanded. As a result of these
developments, sales of the Life Care segment were ¥306.6 billion, representing a major increase of 15.5% year on
year. Segment pretax profit was ¥52.9 billion, an increase of 6.5% over the previous fiscal year.
In the Information Technology segment, among electronics-related products, demand for the replacement of PCs
accompanying the termination of Windows XP support and demand for servers and external hard disk drives
(HDDs) as well as other applications was firm. As a result, the glass memory disks (substrates) for HDDs business
made a major contribution to expansion in sales. In the imaging-related products business, as demand for digital
cameras has stagnated in recent years, HOYA has worked to develop lens products for new applications, such as
surveillance cameras, “action cameras” for recording sports and other outdoor activities, and automobile-mounted
cameras, and sales have increased. As a result of these activities, sales in the Information Technology segment
were ¥180.1 billion, up 13.1% from the previous fiscal year. Segment pretax profit amounted to ¥57.3 billion,
representing a 59.8% increase year on year.
Performance by business segment is explained in detail in the messages from the Executive Officers of the
respective segments. Please refer to these.
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