TOKYO—Hoya Corp. (TOKYO: 7741) reported that the Hoya Group’s revenue decreased 11.8 percent year on year, to 114,865 million yen, for the second quarter ended Sept. 30, 2016. Due to gains from the sales of securities, profit before tax amounted to 31,637 million yen, while profit for the quarter was 24,819 million yen, which were 6.6 percent and 8.6 percent lower, respectively, than in the same quarter last year.

In Hoya’s Life Care segment, sales of contact lenses and intraocular lenses held firm, the company said. Sales of eyeglass lenses increased on a local currency basis, mainly in the Americas, however, overall sales for the Life Care segment decreased 7.5 percent to 56,861 yen due of the effects of the appreciation of the yen, Hoya said.

“We see some positive factors in the Life Care segment, in addition to intraocular lens business that continues double-digit growth and is building market share,” said Hiroshi Suzuki, president and chief executive officer of Hoya. “Eyeglass sales in the U.S. continued to grow, and sales in China recovered.”

For the six months ended Sept. 30, 2016, revenues totaled 230,030 million yen, decreasing by 10.3 percent year-on-year. Pre-tax profit was 53,911 million yen and profit for the term was 42,797 million yen, decreasing by 16.8 percent and 15.7 percent respectively. Sales of eyeglass lenses and contacts totaled 114,172 yen for the six-month period, a 5.9 percent drop.