Hoya Announces Second Quarter Financial Results under IFRS

Hoya Corporation (TOKYO:7741) today announced financial results under IFRS for the second quarter ended September 30, 2011. The full reports are available at: http://www.hoya.co.jp/english/investor/

During the quarter, revenues from continuing operations increased 0.7% to 96,505 million yen, however, profit for the term declined 11.1 % to 13,030 million yen year on year. Profit from all operations for the quarter was down 10.6% to 12,569 million yen due mainly to a decline in product prices and the appreciation of the yen.

For the first six months ended September 30, 2011, revenues from continuing operations were down 0.2% to 189,669 million yen year on year, and profit for the term was down 1.3% to 27,172 million yen. Profit from all operations was down 26.1% to 27,929 million yen, mainly due to the fact that the company sold its hard disk glass media manufacturing operations in the first quarter of the previous year and posted a 10,343 million yen gain as the revenue of discontinued operations. HOYA also announced the interim dividends of 30 yen per share of common stock.

"The interim financial results are in line with our forecast except the impact of yen appreciation which was larger than we expected" said Hiroshi Suzuki, chief executive officer of HOYA, "It is too early to estimate actual damage caused by flood in Thailand, however, we put all our effort for the earliest possible recovery of the plants and trust of our customers."

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Summary of Consolidated Financial Statement (all operations*)
(Millions of Yen: Rounded to the nearest million)
Â	Â		Â	Three months ended			Â	Variance	Â	Six months ended			Â	Variance
Â	Â	Â		9/10	Â	09/11	Â	(%)		9/10	Â	09/11	Â	(%)
Revenue from continuing operations				95,798	Â	96,505		0.7		190,091	Â	189,669		-0.2
Profit before tax				16,794		15,674		-6.7		35,021		33,241		-5.1
Profit from continuing operations				14,653		13,030		-11.1		27,524		27,172		-1.3
Profit from discontinued operations				-590		-462		-21.7		10,271		757		-92.6
Profit from all operations				14,063		12,569		-10.6		37,795		27,929		-26.1
Basic earnings per share(yen)			Â	32.62	Â	29.03	Â	Â	Â	88.01	Â	64.52	Â	Â

NOTES:

"All operations" means here that the figures include both continuing and discontinued operations.

*The company's financial results are being prepared and reported in accordance with IFRS from previous fiscal year.

*Results are preliminary and unaudited.

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About HOYA

Founded in 1941 in Tokyo, Japan, Hoya is a global technology company and the leading supplier of innovative and indispensable high-tech/medical products based upon its advanced optics technologies. Hoya provides mask blanks and photomasks for the semiconductor devices and liquid crystal panels, optical lenses, microlens, camera lens module, glass memory disks for HDDs, medical endoscopes, eyeglass lenses, and operates retail shops for contact lenses. Hoya now has over 100 subsidiaries and employs approximately 36,500 people worldwide. For more information, please visit www.hoya.co.jp/english/

Contacts:

Hoya Group
Akiko Maeyama / Naoji Ito, [phone]
Corporate Communications
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