Hoya Announces Second Quarter Financial Results

TOKYO, November 5, 2010 /PRNewswire-FirstCall/ -- HOYA Corporation today announced financial results for the second quarter ended September 30, 2010. Net sales were up 0.2% to 107,075 million yen year-on-year, and operating income rose 0.3% to 18,768 million yen. Net income was up 24.5% to 12,891 million yen, and earnings per share were 29.88 yen compared with 23.91 yen in the same period last year.

During the quarter, HOYA group's production and shipments were higher compared with those for the same quarter last year, although sales were significantly affected by lower product prices and the appreciation of the yen.

"At constant currency, we see a double-digit growth in many divisions in the Life Care segment," said Hiroshi Suzuki, chief executive officer of HOYA. "I believe we are on the right track in the businesses including eyeglass lenses, intraocular lenses and contact lenses."

For the first six months of this fiscal year ended September 30, 2010, net sales were 212,667 million yen, up 5.4% year-on-year, and operating income rose 38.9% to 38,907 million yen. Net income amounted to 33,916 million yen, up 138.8% year-on-year basis, and earnings per share for the period were 78.62 yen compared with 32.81 yen in the same period last year.

The full quarterly report is available in "Financial Statement" page in HOYA website Investor Relations section at: http://www.hoya.co.jp/english/

*Results are preliminary and unaudited.

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

About Hoya Corporation

Founded in 1941 as Japan's first specialty manufacturer of optical glass, Hoya today is a global broad-based IT/health care company and the leading supplier of innovative high-tech products and services based upon its advanced optics technologies. Hoya is active in two main fields of business: The Information Technology provides mask blanks for the semiconductor devices and LCD panels, glass disks for HDDs, and optical lenses. The Life Care provides eyeglasses, intraocular lenses for cataract surgery and contact lenses. Merged with Pentax in 2008, Hoya also manufactures SLR/compact digital cameras and endoscopic system under Pentax brand. Headquartered in Tokyo, Japan, Hoya now has over 100 subsidiaries and affiliates, and employs approximately 37,500 people worldwide. For more information, visit http://www.hoya.co.jp.

SOURCE Hoya Corporation