“Medical endoscopes are growing in Middle East and Asia. We are focusing on developing products that can differentiate us from competitors.”
During the quarter, revenues from continuing operations decreased 3.5% to 93,103 million yen, however, profit before tax increased 13.3% to 17,753 million yen. Profit for the term from all operations was up 29.5% to 16,278 million yen year on year. This significant increase is due to the recording of 5,043 million yen of insurance income in the form compensation for the fixed assets and for the lost profit suffered from the Thai flooding. Profit attributable to owners of the company was up 29.6% to 16,233 million yen.
For the six months ended September 30, 2012, revenues from continuing operations were down 2.1% to 185,717 million yen, and profit before tax was up 31.1% to 43,570 million yen. Profit for the term from all operations was up 41.3% to 39,475 million yen year on year, and profit attributable to owners of the company was up 41.6% to 39,412 million yen.
"Eyeglass lenses have recovered about 85% of its sales before the flood in Thailand and we predict to have a 100% recovery by the end of this fiscal year," said Hiroshi Suzuki, chief executive officer of HOYA. "Medical endoscopes are growing in Middle East and Asia. We are focusing on developing products that can differentiate us from competitors."
HOYA also announced the interim dividends of 30 yen per share of common stock.
Summary of Consolidated Financial Statement
|(Millions of Yen: Rounded to the nearest million)|
|Three months ended||Variance||Six months ended||Variance|
|Profit before tax||15,674||17,753||13.3||33,241||43,570||31.1|
|Profit for the term||12,569||16,278||29.5||27,929||39,475||41.3|
|Profit attributable to owners of the company||12,524||16,233||29.6||27,836||39,412||41.6|
|Basic earnings per share(yen)||29.03||37.62||64.52||91.35|
*Revenue and profit before tax do not include discontinued operations.
*Results are preliminary and unaudited.
Founded in 1941 in Tokyo, Japan, Hoya is a global technology company and the leading supplier of innovative and indispensable high-tech/medical products based upon its advanced optics technologies. Hoya provides mask blanks and photomasks for the semiconductor devices and liquid crystal panels, optical lenses, glass memory disks for HDDs, medical endoscopes, eyeglass lenses, and operates retail shops for contact lenses. Hoya now has over 100 subsidiaries and employs approximately 35,500 people worldwide. For more information, please visit www.hoya.com/