The HOYA Group pursues the twin objectives of achieving growth now and in the future and increasing corporate value. The group devotes considerable effort to strategic business planning and technology R&D that are clearly focused on the long term. HOYA has realized excellent profitability by enhancing the competitive strengths of its key products in their respective markets, often achieving top market share. This could not have been accomplished in the absence of HOYA's R&D policy-which is to create new products from the ground up. Aiming to create highly competitive businesses driven by leading-edge proprietary technologies, HOYA actively invests in seed technologies that have the potential to become the giant "trees" of the future. The Company's business integration with PENTAX in 2008 should result in advances in the opto-electronics technologies PENTAX has cultivated in endoscopes and other precision equipment, as well as deeper synergies with HOYA in the field of optics. The business integration with PENTAX should also result in advances in technological development in the new growth field of endoscopes and other medical devices.
R&D PhilosophyThe saying, be "a big fish in a small pond," is one straightforward way of expressing HOYA's business strategy. The "big fish" refers to HOYA's top market share, and the "small pond" refers to the niche markets in which HOYA is active. Those markets may not be immense, but HOYA maintains its position as an industry-leading company in every one of them. In the field of R&D, this helps HOYA keep close relationships with its clients and contribute and participate in a positive manner in leading-edge fields.
Research and Development StructureThe HOYA Group devolves a large degree of authority and responsibility to each of its business divisions.