Hoya : Reports First Quarter Financial Results

Hoya Reports First Quarter Financial Results

Tokyo, Japan-August 3, 2018--HOYA Corporation (TOKYO: 7741) today announced financial results for the first quarter ended June 30, 2018. During the quarter, revenue increased 9.2% year on year, reaching 138,891 million yen. Profit before tax amounted to 35,220 million yen with 28,490 million yen in profit, representing year-on-year increases of 15.3% and 13.1%, respectively. Profit before tax ratio was 25.4%, representing a year-on-year increase of 1.4 points.

In the Life Care segment, sales of eyeglass lenses rose due to growth in Asia and the Americas, combined with acquisition of Performance Optics. New store openings of our Eyecity contact lens specialty stores, as well as continued efforts at existing stores, resulted in higher sales for contact lenses. Medical-use endoscope sales were strong in the U.S. and Europe in response to measures to strengthen our sales systems. Thanks to highly competitive Vivinex product, sales of intraocular lenses for cataracts outperformed overseas year on year. As a result, sales for the Life Care segment grew 10.2% year on year, reaching 91,302 million yen. Segment profit rose 23.6% year on year to 17,409 million yen.

In the Information Technology segment, semiconductor mask blanks reported higher sales year-on-year due to our capturing active research and development demand for cutting-edge products. Sales of glass substrates for hard disk drives were level with the same period last year. Sales of products for surveillance cameras and other new applications expanded, driving overall growth for imaging-related products. As a result, Information Technology segment sales revenues rose 6.9% year on year, reaching 46,567 million yen. Segment profit rose 14.3% to 19,047 million yen.

"Profit margin of the Life Care segment reached 19% this quarter and is in line with our expectations for annual margin of 20%," said Hiroshi Suzuki, chief executive officer of HOYA. "We continue to remain committed to the target margin while investing in the growth opportunities."

HOYA also announced the forecast for the first six months ending September 30, 2018 as shown below.

Summary of Consolidated Financial Statement

( Millions of Yen: Rounded off to the nearest million.)

Three months ended Variance

Revenue from all operations

Profit before tax

Profit for the quarter

Basic earnings per share (yen)

Projected Results for the First Half

( Millions of Yen: Rounded off to the nearest million.)

Sep.30,2017

Jun. 30,2017	Jun. 30,2018
127,158	138,891	9.2
30,548	35,220	15.3
25,193	28,490	13.1
64.71	75.11	--
Variance
(%)

Six months ended/ending

(%)

Sep.30,2018

Revenue

Profit before tax Profit for the term

Basic earnings per share (Yen)

262,930 63,416 51,960 134.81

278,000 5.7

69,000 8.8

56,000 7.8

147.54

--

*Results are preliminary and unaudited.

The full reports are available athttp://www.hoya.co.jp/english/investor/library.html