Since its establishment as a manufacturer of Optical glass in 1941, HOYA Corporation has always been committed to delivering cutting-edge products to improve and meet the needs of the communities that we are present in. Over the years, HOYA Corporation eventually built up a diverse business portfolio, where we are present in the components for semiconductor manufacturing, glass substrates for HDDs, eyeglass lenses, contact lenses and medical endoscopes industries.
Since my appointment as CEO in March 2022, I have focused on reviewing our business portfolio and exploring new business opportunities. The HOYA Group has more than 10 business divisions, each of which has a very different industry, geographic exposure, customer base, and sensitivity to economic cycles and currency fluctuations. We have been continuously reorganizing our business portfolio to make the Group more robust, and we are once again examining the current position of each business and growth scenarios in the medium to long term. While some businesses are in the process of growth, others are already in the mature stage, and we are developing long-term growth businesses through both M&A and internal development. Regarding internal development, while maintaining a structure in which each business division operates independently, we introduced an internal company system to promote cross-divisional technological development. This enables us to bring together the advanced technologies and expertise cultivated by each business division and explore innovative business and product development that combines the different fields of healthcare and IT, which is unique to our company.
In the area of ESG/Sustainability, under the leadership of the Chief Sustainability Officer, who was appointed in March 2022, and the dedicated ESG Promotion Office, we are steadily achieving results by implementing measures such as the introduction of renewable energy and initiatives related to human capital. We are also strengthening the incorporation of ESG indicators to the management assessment system.
The environment surrounding us is changing dramatically every day, including the intensifying geopolitical risks. However, we will continue to enhance our corporate value steadily by capturing business opportunities spanning the global landscape through a diversified business portfolio that balances risks and opportunities. The entire group will work together as one to become the preferred choice of our customers, clients, and partners to improve and seek innovations for a better tomorrow. We look forward to your continued support in the year ahead.
Director, Representative Executive Officer and CEO
Eiichiro Ikeda