Hoya Reports Third Quarter Results and Full-Year Forecasts

Hoya Corporation (TOKYO: 7741) today announced financial results for the third quarter ended December 31, 2011. The full reports are available at: www.hoya.co.jp/english/investor/

During the quarter, revenues from continuing operations decreased 9.2% to 83,479 million yen. Profit for the term was 3,276 million yen, declined 73.9% compared with that of continuing operations year on year, or down 74.7% compared with that of all operations.

For the first nine months ended December 31, 2011, revenues from continuing operations were down 3.2% to 273,148 million yen year on year, and profit for the term was down 24.0% to 30,448 million yen. Profit from all operations was down 38.5% to 31,205 million yen.
The significant decrease in sales and profit from last year are mainly due to business transfer of glass media for HDD (June 2010) and Pentax Imaging Systems (October 2011), as well as Impact of the flood in Thailand to eyeglass lens business.

"Taking into account two major business transfers last fiscal year and the third quarter this year, the negative impact to our financial results are mostly due to the effects of the flood in Thailand on our eyeglass lens business," said Hiroshi Suzuki, chief executive officer of HOYA, "Otherwise we see slight organic growth. Especially in the severe business environment of Electro-Optics, we have stabilized our business structure to generate reasonable returns."

For the full year ending March 31, 2012, Hoya forecasts revenues of 373,000 million yen (down 11.8% year-on-year) and profit of 37,000 million yen (down 37.9%) for all operations.

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Summary of Consolidated Financial Statement
(Millions of Yen: Rounded to the nearest million)
Â			Â	Three months ended			Â	Variance	Â	Nine months ended			Â	Variance
Â	Â	Â		12/10	Â	12/11	Â	(%)		12/10	Â	12/11	Â	(%)
Revenue from continuing operations				91,952	Â	83,479		-9.2		282,043	Â	273,148		-3.2
Profit before tax				15,137		6,672		-55.9		50,158		39,912		-20.4
Profit from continuing operations				12,535		3,276		-73.9		40,059		30,448		-24.0
Profit from all operations				12,961		3,276		-74.7		50,756		31,205		-38.5
Basic earnings per share(yen)			Â	30.17	Â	7.52	Â	Â	Â	118.18	Â	72.05	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 medical/high-tech products based upon its advanced optics technologies. Hoya provides medical endoscopes, eyeglass lenses, mask blanks and photomasks for the semiconductor devices and LCD panels, optical lenses, microlens, camera lens module, glass memory disks for HDDs, and operates retail shops for contact lenses. Hoya now has over 100 subsidiaries and employs approximately 34,000 people worldwide. For more information, please visit www.hoya.co.jp/english/

Contacts:

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