April-June 2003: Hoya Profits Rise by 42.6%

Hoya Corp. announced Tuesday that the group's net profits for the quarter April-June this year rose by 42.6% compared to the same period in 2002, reaching the record figure of 9.80 billion yen. The credit for this increase goes in particular to overseas sales of contact lenses and intraocular implants as well as to the good performance of electrical optical products. Net profit per share increased to 85.05 yen compared to 59.15 yen the previous year.

Established in 1941, Hoya is the largest Japanese company specializing in the production of optical items. The first half of the financial year ends next September 30 and the group estimates a 17.9% increase in profits based on 17.5 billion yen for the year.