Hoya Reports First Quarter Financial Results
2017年7月27日 - 07:01PM
ビジネスワイヤ(英語)
HOYA Corporation (TOKYO:7741) today announced financial results
for the first quarter ended June 30, 2017. During the quarter,
revenues increased 10.4% year on year, reaching 127,158 million
yen. Pre-tax profit amounted to 30,548 million yen with 25,193
million yen in profit, representing increases of 37.1% and 40.1%,
respectively. In addition to higher profits stemming from greater
sales, the Company also recorded foreign exchange gains. Profit
before tax ratio was 24.0%, representing a year-on-year improvement
of 4.7 points.
In the Life Care segment, the eyeglass lens business captured a
greater share of the market growth in Asia, while growth in the
Americas combined with acquisition of the 3M prescription
protective eyewear business resulted in a significant jump in sales
in that region. Medical endoscopes experienced higher sales
overall, mainly due to the contribution of new products and
stronger sales capacity in Europe and Asia. Sales of intraocular
lenses for cataracts continued to perform well by a significant
margin. As a result, sales for the Life Care segment grew 8.4%
year-on-year, reaching 82,814 million yen. Segment profit fell 1.2%
to 14,082 million yen, mainly due to advanced costs incurred to
secure higher growth.
In the Information Technology segment, sales of mask blanks for
semiconductors grew by a significant margin, mainly due to
capturing active research and development demand. Sales of
photomasks for LCDs fell year-on-year due to an incomplete recovery
in demand for 4K TV panels and large-screen panels. Negative impact
of the Kumamoto earthquakes continued as well. Glass substrates for
hard disk drives experienced significant growth due to general
demand increase and market share increase. Sales of imaging-related
products grew overall due to increasing sales for surveillance
cameras, in-vehicle cameras, and other new applications. As a
result, sales for the Information Technology segment rose 15.2%
year-on-year, reaching 43,551 million yen. Segment profit amounted
to 16,668 million yen, an increase of 48.8% year-on-year.
"For the second quarter, we forecast sales increase and profit
decline due to M&A related expenses in the Life Care segment,”
said Hiroshi Suzuki, chief executive officer of HOYA. “We expect
improvement in profitability toward the second half of this fiscal
year.”
HOYA also announced the forecast for the first six months ending
September 30, 2017 as shown below.
Revenue and Profit before tax Three months ended
Variance
(Millions of Yen: Rounded off to the
nearest million.)
Jun. 30, 2016
Jun. 30, 2017
(%) Revenue 115,165 127,158 10.4 Profit before
tax 22,274 30,548 37.1 Ratio of profit before tax(%) 19.3% 24.0%
Profit for the quarter 17,978 25,193 40.1 Ratio of profit for the
quarter(%) 15.6% 19.8% Profit
attributable to owners of the Company 17,908 25,119 40.3 Ratio of
profit attributable to owners of the Company(%) 15.5%
19.8% Basic earnings per share (yen) 45.28
64.71 Diluted earnings per share (yen) 45.20 64.56
Projected Results for the First Half
Six months
ended/ending
Variance
(Millions of Yen: Rounded off to the
nearest million.)
Sep. 30, 2016
Sep. 30, 2017
(%) Revenue 230,030 258,000 12.2 Profit before tax
53,911 59,000 9.4 Profit for the term 42,797 47,500 11.0 Profit
attributable to owners of the Company 42,762 47,500
11.1 Profit for the term per share (Yen) 108.62 122.35
*Results are preliminary and unaudited.
The full reports are available at http://www.hoya.com
About HOYAFounded in 1941 in Tokyo, Japan, Hoya is a
global med-tech company and the leading supplier of innovative
high-tech and medical products. Hoya is active in the fields of
healthcare and information technology providing eyeglasses, medical
endoscopes, intraocular lenses, optical lenses as well as key
components for semiconductor devices, LCD panels and HDDs. With
over 150 offices and subsidiaries worldwide, Hoya currently employs
a multinational workforce of over 36,000 people. For more
information, please visit http://www.hoya.com.
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Hoya GroupAkiko Chiba, +81-3-6911-4824Public
RelationHoya-pr@hoya.com