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Hoya Announces Fourth Quarter and Full-Year Financial Results
Date:5/7/2010

TOKYO, May 7, 2010 /PRNewswire-FirstCall/ -- HOYA Corporation today announced financial results for the fourth quarter and fiscal year ended March 31, 2010. Net sales were 104.8 billion yen for the quarter, representing an increase of 26.4% from 82.9 billion yen in the same period last year, mainly due to a recovery in orders in the main business fields such as Electro-Optics, as well as the cost-reduction achieved through structural reform.

Operating income for the fourth quarter was 17.3 billion yen compared to operating loss of 60 million yen for the same period last year. Net income for the fourth quarter was 11.8 billion yen, or 27.48 yen per share compared to net loss of 27.8 billion yen, or 64.30 yen per share of the fourth quarter last year.

For the fiscal year ended March 31, 2010, net sales fell 9.0% over the previous fiscal year to 413.5 billion yen, however, operating income was up 8.9% to 64.3 billion yen, and net income was up 50.8% to 37.8 billion yen, due to an increase in profit in the areas of Eye Care and Pentax. Earnings per share were 87.52 yen compared with 58.01 yen in the last year.

"The Company was able to increase the full-year consolidated net sales to 413.5 billion yen, exceeding 2.5 billion yen of the projected results released on

SOURCE Hoya Corporation
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