TOKYO--(EON: Enhanced Online News)--Hoya Corporation (TOKYO:7741) today announced financial results for the second quarter ended September 30, 2013. The full reports are available at: http://www.hoya.com/investor/
“On a currency-neutral basis, the Life Care could not fully cover the Information Technology segment, however the profitability of IT segment seems to have hit bottom in the first half and with the Life Care growth, our profitability will be on an upward trend.”
During the quarter, revenues increased 9.8% to 102,236 million yen year on year. Profit before tax decreased 0.3% to 15,972 million yen, and profit for the quarter was down 12.0% to 12,773 million yen. Profit attributable to owners of the company was down 12.0% to 12,729 million yen. The decrease in profits was due to the insurance income of 5,043 million yen recorded in the same quarter last year for the Thai flooding.
For the six months ended September 30, 2013, revenues were up 9.1% to 202,661 million yen, and profit before tax was down 13.8% to 36,095 million yen. Profit for the term was down 33.5% to 25,107 million yen, and profit attributable to owners of the company was down 33.6% to 25,030 million yen year on year. The insurance income of 16,080 million yen for the Thai flooding and gains of 2,238 million yen related to the phased acquisition of shares of subsidiary were recorded in the same term last year.
"Representing 60% of the Group sales and profit this quarter, The Life Care is becoming our major business,” said Hiroshi Suzuki, chief executive officer of HOYA, “On a currency-neutral basis, the Life Care could not fully cover the Information Technology segment, however the profitability of IT segment seems to have hit bottom in the first half and with the Life Care growth, our profitability will be on an upward trend.”
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||16,016||15,972||-0.3||41,896||36,095||-13.8|
|Profit for the term||14,514||12,773||-12.0||37,748||25,107||-33.5|
Profit attributable to owners of the company
|Basic earnings per share(yen)||33.53||29.50||87.34||58.00|
*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 Life Care/high-tech products based upon its advanced optics technologies. Hoya is active in two main segments: the Life Care providing indispensable products to improve people’s QOL including medical endoscopes, eyeglass lenses, and intraocular lenses, and the Information Technology providing key components and imaging products for the semiconductor devices, PCs, and mobile devices. Hoya now has over 100 subsidiaries and employs approximately 32,000 people worldwide. For more information, please visit www.hoya.com/