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Hoya Announces Third Quarter and Nine Month Results for 2007
Date:1/28/2008

TOKYO, Japan, January 28 /PRNewswire-FirstCall/ -- Hoya Corporation today announced its consolidated results for the Third Quarter and Nine Months ended December 31, 2007.

Third Quarter 2007 Highlights

- Net sales increased 48.6% to 147.0 billion yen compared to 98.9 billion yen for the third quarter of 2006.

- Operating income increased 1.1% to 27.5 billion yen compared to 27.2 billion yen for the third quarter of 2006.

- Ordinary income increased 12.0% to 28.1 billion yen compared to 25.1 billion yen for the third quarter of 2006.

- Net income increased 13.2 % to 22.6 billion yen compared to 19.9 billion yen for the third quarter of 2006.

- Net sales and ordinary income posted historical records on quarterly basis.

Nine Months 2007 Highlights

- Total revenues increased 19.0% to 345.8 billion yen compared to 290.6 billion yen for the nine months ended December 31, 2006 and posted historical record on the first nine-month basis.

- Operating income decreased 6.7% to 77.0 billion yen compared to 82.5 billion yen for the nine months ended December 31, 2006.

- Ordinary income increased 5.6% to 80.2 billion yen compared to 75.9 billion yen for the nine months ended December 31, 2006; however, net income decreased 5.7% to 60.7 billion yen compared to 64.3 billion yen for the nine months ended December 31, 2006.

Third Quarter 2007 Overview

In the Electro-Optics sector, sales went down in some products because of price decline, and delay in commencement of production of new items. Thus, even though some products showed steady performance, the sector as a whole showed a decline in revenues and profit.

In the Vision Care division, newly designed progressive lenses, high refraction lenses and other value added products continue to grow especially in Asia, leading to increase the division's revenues and profit. The Healthcare division performed well, showing an increase in revenues
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SOURCE Hoya Corporation
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