Industry News
Hoya Reports Sales Gains in 1Q 2019
HOYA Group sales for the first quarter of the consolidated fiscal year (April 1 through June 30, 2019) amounted to 140,819 million yen, an increase of 1.4% compared to the same period in the prior fiscal year. Quarterly profit before tax amounted to 37,045 million yen with 30,148 million yen in profit, representing year-on-year increases of 5.2% and 5.8%, respectively.
Profit before tax ratio was 26.3%, representing a year-on-year increase of 0.9 points. Disclosed figures and change ratios are for businesses with continuing operations. There were no discontinued businesses in the fourth quarter or in the same quarter of the previous year.
Sales of eyeglass lenses in health care related products in the Life Care segment decreased slightly year on year, while contact lens sales increased. Sales of medical-use endoscopes in our medical-related products domain decreased slightly, while sales of intraocular lenses for cataract rose significantly. The combined performance of these products drove the Company’s Life Care segment sales higher year on year.
Sales of eyeglass lenses in Japan decreased year on year. In overseas markets, sales of high-value-added products drove growth in Europe leading to overall segment growth on a local currency basis. On a yen basis, however, sales decreased slightly due to the impact of foreign currency translation. Contact lens sales rose year on year, mainly due to customer expansion efforts at existing Eyecity stores, increased sales of added-value products, and new store openings.
