HOYA Announces Second Quarter Financial Results

TOKYO, October 30 /PRNewswire-FirstCall/ -- HOYA Corporation today announced financial results for the second quarter ended September 30, 2009. Net sales were 106.8 billion yen for the quarter, a 16.8% decrease from 128.3 billion yen in the same period last year, and operating income was 18.7 billion yen, a 9.2% decrease from 20.6 billion yen in the same period last year, mainly due to order decrease and the impact of exchange rates. Compared to the first quarter FY2010 ended April 30, 2009, however, sustained recovery in orders since April resulted in an increase of both net sales and operating income.

Net income for the second quarter was down 45.9% to 10.3 billion yen. Earnings per share for the quarter were 23.91 yen compared with 44.21 yen in the same period last year.

"Electro-optics business started to recover in the middle of this quarter. Especially our glass disks business for hard disk drives is now operating full capacity," said Hiroshi Suzuki, chief executive officer of HOYA. "We are planning to build a new plant next fiscal year to meet the demands."

For the first six months of FY2010 ended September 30, 2009, net sales were 201.8 billion yen, down 21.9% compared to 258.5 billion yen in the same period previous year, operating income was 28.0 billion yen, down 34.1% compared to 42.4 billion yen in the same period previous year, and net income was 14.2 billion yen, down 64.8% compared to 40.3 billion yen in the same period previous 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 100 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 products and services based upon its advanced optics technologies. Hoya is active in four fields of business: (1) Eye Care provides eyeglasses, operates retail shops for contact lenses, and makes intraocular lenses for cataract surgery; (2) Life Care provides endoscopic system; (3) Electro-Optics makes mask blanks and photo masks for the semiconductor devices and LCD panels, optical lenses for digital cameras, and glass memory disks for HDDs; and (4) Imaging produces SLR/compact digital cameras, interchangeable lenses, lens modules and micro lenses. Hoya now has over 100 subsidiaries and affiliates, and employs approximately 32,700 people worldwide.

SOURCE Hoya Corporation