Hoya Announces Full-Year Financial Results Under IFRS

TOKYO, May 10, 2011 /PRNewswire-FirstCall/ -- Hoya Corporation (TSE code: 7741) today announced financial results under designated International Financial Reporting Standards (IFRS) for full-year ended March 31, 2011. Revenues from continuing operations grew 2.7% over the previous fiscal year, to 413,349 million yen and profit before tax was up 26.2% to 63,758 million yen, mainly due to an increase in orders with the recovery in the market.

Profit for the year from all operations was up 43.5% to 59,579 million yen, including profit for the year from discontinued operations of 9,873 million yen. Hoya has sold its hard disk glass media manufacturing operations to the Western Digital Corporation in USA in the first quarter of this fiscal year and 10,343 million yen of gain as well as loss from the business was included in profit from discontinued operations.

Basic earnings per share were 138.49 yen compared to 95.24 yen in the last year. Diluted earnings per share were 138.41 yen compared to 95.15 yen in the last year.

"Optics business did well this year despite temporary shutdown of the production lines due to rolling blackout after the Tohoku Great Earthquakes in March and thanks to an increasing demand for digital cameras," said Hiroshi Suzuki, chief executive officer of HOYA. "There are still some impacts of the disaster on our company, but except digital camera business that has difficulties in procurement of parts, our business will return toward normal by the end of May."

HOYA also announced year-end dividends forecast of 35 yen per share of common stock. The annual dividends, including the interim dividends of 30 yen per share, will amount to 65 yen per share. It will be decided at the board of directors meeting in the end of May.

The full financial reports under IFRS are available in "Financial Statement" page in HOYA website Investor Relations section at: http://www.hoya.co.jp/english/

*The company's financial results are being prepared and reported in accordance with IFRSs from this fiscal year.

*Results are preliminary and unaudited.

*The yen amounts shown therein are rounded to the nearest million.

About Hoya Corporation

Hoya Corporation is a global technology company based in Tokyo, Japan, and the leading supplier of innovative and indispensable high-tech and healthcare products based upon its advanced optics technologies. Hoya is active in four fields of business: The Healthcare provides eyeglasses and operates retail shops for contact lenses. The Medical provides endoscopic system and intraocular lenses for cataract surgery. The Electronics makes mask blanks and photomasks for the semiconductor devices and LCD panels as well as glass memory disks for HDDs. The Imaging produces optical lenses, SLR/compact digital cameras, lens modules and microlenses. Hoya now has over 100 subsidiaries and affiliates, and employs over 36,500 people worldwide.

SOURCE Hoya Corporation