Pentax 2004 Annual Report Download - page 6

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4
I do not think we were able to achieve all we could have in terms of customer satisfaction, or in making preparations for
the future.
However, I would like to express my appreciation to the employees who worked extremely hard, adapting flexibly
to changing circumstances in order to meet demand that exceeded our production capacity. I feel that we achieved a
structure built of a small but highly efficient team.
Review of Fiscal 2004 Results
Looking at results by segment, sales rose 19.0% in the Information Technology field, due to the rapid expansion of the
digital consumer electronics market, and greater orders for high-precision products brought on by rising demand from
customers for new development.
In the Eye Care field sales rose 4.5%. The domestic market for eyeglass lenses remained difficult despite the trend
toward recovery, but in overseas markets, our strategies to strengthen sales with high-value-added products proved effec-
tive. The contact lens business benefited from a restructuring of the business model, and strong sales of IOLs.
Combined sales from these two major segments offset declines in sales in other areas, resulting in a rise in consoli-
dated net sales of 10.2%.
Operating income rose 28.7% from the previous fiscal year due to a greater volume of orders for high-precision
products to meet customers’ specific needs, along with increased profitability realized from strengthening high-value-
added products. Ordinary income rose 30.8%, despite the increase in exchange loss due to the rise in the value of the
euro against the dollar. Net income nearly doubled, rising 97.4% from the previous fiscal year, despite an extraordinary
loss of ¥12.0 billion for amortization of goodwill. Sales, operating income, ordinary income and net income all reached
new highs.
Cash dividends for the fiscal year were increased ¥50 over the previous year for a total of ¥100 per share.
HOYA 2004-e 入稿用0705 04.7.22 7:57 PM ページ 5