TOKYO—On Wednesday, July 29, 2015, Hoya Corporation (TOKYO:7741) announced financial results for the first quarter ended June 30, 2015. During the quarter, revenues increased by 11.6 percent to 126,238 million yen compared with the same period last year. Profit for this quarter was 23,650 million yen, which marked gains of 31.7 percent, respectively.

The contact lens retail business reported a major increase recovering from negative impact of Japan’s tax hike last year. In the medical-related products businesses, overall sales were generally strong, in part because of the ongoing recovery sales in the intraocular lenses business for cataract surgery.

“The eyeglass business achieved favorable growth. Especially in Europe our steady sales efforts became successful,” said Hiroshi Suzuki, chief executive officer of Hoya.