BUSINESS: Financial Hoya Corp. Reports Second Quarter, First Half Gains By Staff Monday, November 2, 2015 12:22 AM TOKYO—Hoya Corporation (TOKYO:7741) announced financial results for the second quarter ended Sept. 30, 2015. During the quarter, the Group revenues totaled 130,165 million yen, increasing by 7.4 percent from the same period last year. Profit for the quarter was 27,140 million yen; a decrease of 1.2 percent from last year when foreign exchange gain was reported due to the decline in the value of yen against U.S. dollar. The company cited favorable demand in its information technology segment from semiconductor and LCD panel related products for smartphones and other devices. In Hoya’s Life Care business segment, sales in the eyeglass lens business expanded in overseas market, the company said. The contact lens retail business reported a major increase compared to the same quarter last year when sales significantly declined following the increase in Japan’s consumption tax. The company pointed to ongoing recovery sales in the intraocular lens business for cataract surgery and said overall sales in the medical related products business were strong. For the six months ended Sept. 30, 2015, Hoya Group revenues totaled 256,403 million yen, increasing by 9.4 percent year-on-year. Profit for the first half was 50,790 million yen, both the best first-half profit total in the company’s history. “Today, we announced a new share repurchase program with a maximum of 14 million shares and 60 billion yen. Our policy to allocate resources in M&A opportunities and to use excess cash to reward shareholders continues,” said Hiroshi Suzuki, chief executive officer of HOYA. “Overall the Life Care segment showed healthy growth, including intraocular lens, contact lens retail as well as eyeglass lens businesses.”