Hoya Corp. Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015; Provides Earnings Guidance for the Fourth Quarter and Year Ending March 31, 2016
January 29, 2016 at 01:30 pm
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Hoya Corp. announced consolidated earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported revenue of ¥127,645 million against ¥128,206 million a year ago. Profit before tax was ¥31,179 million against ¥36,240 million a year ago. Profit attributable to owners of the company was ¥24,059 million or ¥57.99 per diluted share against ¥28,902 million or ¥68.06 per diluted share a year ago. Net cash generated from operating activities was ¥27,832 million against ¥27,368 million a year ago. Free cash flow was ¥23,496 million against ¥20,358 million a year ago. Capital expenditure was ¥5,118 million against ¥5,010 million a year ago.
For the nine months, the company reported revenue of ¥384,048 million against ¥362,520 million a year ago. Profit before tax was ¥95,938 million against ¥92,940 million a year ago. Profit attributable to owners of the company was ¥74,440 million or ¥178.06 per diluted share against ¥73,851 million or ¥173.02 per diluted share a year ago. Net cash generated from operating activities was ¥94,636 million against ¥76,528 million a year ago. Capital expenditure was ¥14,737 million against ¥12,807 million a year ago.
The company provided earnings guidance for the year ending March 31, 2016. For the period, the company expects revenue of ¥505,000 million, profit before tax of ¥120,000 million and profit attributable to owners of the company of ¥93,000 million or ¥224.83 per share.
The company provided earnings guidance for the fourth quarter ending March 31, 2016. For the period, the company expects revenue of ¥120,952 million, profit before tax of ¥24,062 million and profit attributable to owners of the company of ¥18,560 million or ¥46.27 per share.
Hoya Corporation specialises in the manufacture and commercialisation of optical products. Net sales break down by business segment as follows:
- health (66%): manufacturing of health care products (75.4% of sales; eyeglass lenses and contact lenses) and medical products (24.6%; endoscopes, medical accessories, intraocular lenses, artificial bones and metal implants for orthopedics);
- information technology (33.1%): manufacturing of electronic products (78.2% of sales; photomasks for semiconductors, masks and devices for LCD screens and hard disks) and imaging products (21.8%; optical lenses, optical glasses and laser equipment);
- other (0.9%).
Net sales are distributed geographically as follows: Japan (28.9%), China (8.2%), Asia (24.7%), Europe (19.3%), the United States (15.1%), the Americas (2.4%) and others (1.4%).
Hoya Corp. Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015; Provides Earnings Guidance for the Fourth Quarter and Year Ending March 31, 2016