BUSINESS: Financial Eyeglass Lenses Drive Hoya’s 3Q 2014 Profits By Staff Monday, February 2, 2015 12:26 AM TOKYO— Hoya Corp. (TOKYO: 7741) reported gains in revenue and profit for the third quarter ended Dec. 31, 2014. During the quarter, revenues increased 16.9 percent to 128,206 million yen, and profit before tax increased 22.9 percent to 36,240 million yen compared with the same quarter last year. Profit for the quarter was up 30.8 percent to 29,142 million yen, according to Hoya. In Hoya’s Life Care segment, sales of eyeglass and contact lens accounted for 10,189 million yen in revenue, a 21.2 percent increase over year ago. Revenue from sales of intraocular lenses and other medical products totaled 1,628 million yen, up 8.2 percent from year ago. "Eyeglass business led the growth in Life Care segment gaining market share overseas," said Hiroshi Suzuki, chief executive officer of Hoya. “We will further promote the business by enhancing resources and products. I am confident that the quality of our eyeglass lens is highly competitive.” Hoya said revenues from eyeglass lenses also grew due to the inclusion of sales by Seiko eyewear as a consolidated subsidiary. For the nine months ended Dec. 31, 2014, Hoya’s revenues rose 16.1 percent to 362,520 million yen and profit before tax was up 41.7 percent year on year to 92,940 million yen. Profit for the term was up 57.1 percent to 74,427 million yen. Revenue from eyeglass lenses and contact lenses totaled 167,095 yen for the nine-month period, up 19.3 percent from year ago. Revenue from intraocular lenses and other medical products amounted to 58,501 million yen, up 14.3 percent from year ago.