Pentax 2015 Annual Report Download - page 24

As for the HOYA Group, in the Information Technology segment, sales of products related to smartphones and
tablet computers and 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 lenses at the
end of the previous period also contributed to the rise in sales. In the contact lenses business, sales declined over
the course of the fiscal year influenced by a slump in demand that followed the surge in demand at end of the
previous year in advance of the increase in the consumption tax. With the exception of endoscopes, sales of
medical-related products held firm. In addition, the depreciation in the value of the yen also had a positive impact,
leading to Groupwide increases in sales over the previous year.
As a result, sales of continuing operations for the fiscal year under review amounted to ¥489,961 million,
representing an increase of 14.6% over the previous fiscal year.
Sales
During the consolidated fiscal year under review, although trends in the economy of the United States remained
firm, economies in the rest of the world remained caught in a state of uncertainty as the countries of Europe were
stagnant, growth in the emerging countries slowed, and geopolitical risks emerged, including the Ukrainian
situation, wars in the Middle East, and other issues. In Japan, as a result of government economic policies and
other factors, corporate performance, the employment environment, and other indicators showed improvement,
and, while the economy remained on a gradual recovery trend, the effects of the increase in the consumption tax in
April were prolonged.
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