Pentax 2015 Annual Report Download - page 23

Download and view the complete annual report

Please find page 23 of the 2015 Pentax annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 32

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32

Scope of Consolidation
As of March 31, 2015, the HOYA Group consisted of the HOYA CORPORATION, 118 consolidated subsidiaries (11
of which are domestic and 107 are overseas), and 9 affiliates (4 of which are domestic and the other 5 overseas).
The HOYA Group is operated and managed through global consolidated Group management. The independent
management teams of business segments, including Information Technology and Life Care, are responsible for
executing management strategies.
Regional headquarters in the Americas, Europe, and Asia support business operations by strengthening
relationships with countries and areas in the respective regions, such as by providing legal support and conducting
internal audits. In particular, the HOYA Group has its Financial Headquarters (FHQ) in the Netherlands.
Adoption of the International Financial Reporting Standards
Beginning with the fiscal year ended March 31, 2011, the HOYA Group has prepared its consolidated financial
statements and other documents in compliance with the International Financial Reporting Standards (IFRS)
pursuant to the first paragraph, Article 120 of the Ordinance on Account of Companies.
With respect to reportable segments presented in the overview of operations by business category, the HOYA
Group divides its business into three reportable segments, based on IFRS. These segments are Information
Technology, Life Care, and Other Businesses.
The Information Technology segment handles electronics-related products used for the production of
semiconductors, liquid crystals and hard drive disk drives (HDDs), and imaging-related products, such 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.
Financial Review
Copyright ©2015 HOYA GROUP