Hoya Corp. Reports Consolidated Financial Results for the Third Quarter and Nine Months Ended December 31, 2012; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2013
January 31, 2013 at 05:33 am EST
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Hoya Corp. reported consolidated financial results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported revenue of ¥90,682 million against ¥83,479 million a year ago. Profit before tax was ¥17,634 million against ¥6,672 million a year ago. Profit attributable to owners of the company was ¥10,293 million or ¥23.86 per basic share against ¥3,246 million or ¥7.52 per basic share a year ago. Profit for the period was at ¥10,329 million against ¥3,276 million reported last year. This significant increase in profit is due to the recording of tremendous expenses in the same period last year suffered from the Thai flooding.
For the nine months, the company reported revenue of ¥276,399 million against ¥289,415 million a year ago. Profit before tax was ¥59,402 million against ¥40,869 million a year ago. Profit attributable to owners of the company was ¥47,903 million or ¥111.02 per basic share against ¥31,082 million or ¥72.05 per basic share a year ago. Profit for the period was at ¥48,003 million against ¥31,205 million reported last year. This significant increase in profit is due to the recording of ¥17,912 million of insurance income this year in the form compensation for the fixed assets and for the lost profit suffered from the Thai flooding.
The company provided earnings guidance for the fiscal year ending March 31, 2013. For the period, the company forecasts revenues of ¥364 billion, profit before tax of ¥69 billion and profit for the term of ¥55 billion.
Hoya Corporation specialises in the manufacture and commercialisation of optical products. Net sales break down by business segment as follows:
- health (66%): manufacturing of health care products (75.4% of sales; eyeglass lenses and contact lenses) and medical products (24.6%; endoscopes, medical accessories, intraocular lenses, artificial bones and metal implants for orthopedics);
- information technology (33.1%): manufacturing of electronic products (78.2% of sales; photomasks for semiconductors, masks and devices for LCD screens and hard disks) and imaging products (21.8%; optical lenses, optical glasses and laser equipment);
- other (0.9%).
Net sales are distributed geographically as follows: Japan (28.9%), China (8.2%), Asia (24.7%), Europe (19.3%), the United States (15.1%), the Americas (2.4%) and others (1.4%).
Hoya Corp. Reports Consolidated Financial Results for the Third Quarter and Nine Months Ended December 31, 2012; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2013
HOYA CORPORATION 
