Vision Monday


Eyeglass Lens Sales Help Boost Hoya’s 4Q 2017 Revenue

By Staff
Tuesday, May 15, 2018 12:24 AM

TOKYO—Hoya Corp. (TOKYO: 7741) reported that sales for the Hoya Group during the fourth quarter ended March 31, 2018 rose 7.6 year on year, reaching 135,923 million yen, and 7 percent on a constant currency basis. Hoya said the increase was primarily due to growth in its Information Technology and Life Care segments. During the quarter, Hoya’s Life Care unit posted 91.9 million yen in sales, a 10 percent increase over year ago, and an 8 percent increase on a constant currency basis. Eyeglass lens sales rose 12 percent, or 2 percent like-for-like, compared with fourth quarter 2016. Contact lens sales rose 5 percent versus year ago; IOL sales rose 14 percent versus year ago.

Despite recording 5,615 million yen in impairment losses on fixed assets, profit growth stemming from higher revenues, productivity improvements, expense reductions and other measures, Hoya generated a quarterly profit before tax of 26,150 million yen and profit of 19,535 million yen, year-on-year increases of 7.1 percent and 2.0 percent, respectively.

For the fiscal year ended March 31, 2018, Hoya’s revenues totaled 535,612 million yen, up 11.8 percent year on year. Pre-tax profit was 124,248 million yen and profit for the term was 99,222 million yen, an increase of 12.1 percent and 14.2 percent respectively, year on year.

“I am encouraged with the growing demands in the Information Technology segment,” said Hiroshi Suzuki, chief executive officer of Hoya. "For 2018, we are also expecting to achieve 20 percent profit margin from ordinary operating activities in the Life Care segment.”
Also Recommended
Healthy Eyes Advantage HEA 20/20 Program Debuts Customized ‘Solution Pathways’ for Independents
Marchon and G-III Apparel Group Sign Licensing Agreement for DKNY and Donna Karan New York Eyewear
Essilor of America Appoints Dr. Millicent Knight to Lead Customer Development Group
Clearside Biomedical Names Carol Hoang as Vice President, Medical Affairs
Home VM Mobile