Highlights of Fiscal 2023

Financial

Sales

+5.4%

762.6 billion yen

Sales Breakdown

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Sales revenue once again reached its highest level ever for HOYA. Although glass substrates for HDDs and mask blanks for semiconductors were affected by customers’ inventory adjustments, business results in the Life Care business were firm and the Company benefited from exchange rates. Growth rate was 5.4%. Growth rate net of exchange-rate effects was 0.8%.

Profit from Ordinary Operating Activities

-0.4%

209.8 billion yen

Profit margin from ordinary operating activities: 27.5% (–1.6%pts)

Pretax Profit Breakdown by Segment

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In profit from ordinary operating activities, profit margin declined as the Information Technology business, whose profit margin is relatively high, accounted for a lower percentage of sales revenue. Growth rate was -0.4%. Growth rate net of exchange-rate effects was -3.7%.

Product Sales/
Profit Margins/
Sales Growth Rate

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* Sales growth rate excluding FX impact.

Sales in the Life Care Business

+11.7%

530.0 billion yen

Sales revenue in the Life Care business expanded by double digits, thanks to strong sales of high-value-added products and favorable exchange rates. Growth rate of sales revenue was 11.7%. Growth rate net of exchange-rate effects was 6.1%.

Life Care Sales Breakdown

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Sales Growth Rate of Products in the Life Care Business*

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* Sales growth rate excluding FX impact.

Profit from Ordinary Operating Activities in the Life Care Business

+10.3%

106.7 billion yen

Profit margin from ordinary operating activities: 20.1% (–0.3%pts)

Profit from ordinary operating activities in the Life Care business increased, as virtually all businesses in this segment saw increased profits.
Growth rate was 10.3%. Growth rate net of exchange-rate effects was 5.9%.

Sales in the Information Technology Business

-6.6%

228.3 billion yen

Sales in the Information Technology business declined from the previous fiscal year. Although sales of camera lenses were strong, demand declined for mask blanks for extreme ultraviolet (EUV) lithography and glass substrates for HDDs due to inventory adjustments in these products.
Growth rate was -6.6%. Growth rate net of exchange-rate effects was -9.3%.

Information Technology Sales Breakdown

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Sales Growth Rate of Products in the Information Technology Business*

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*Sales growth rate excluding FX impact.

Profit from Ordinary Operating Activities in the Information Technology Business

-8.4%

108.3 billion yen

Profit margin from ordinary operating activities: 47.3% (–1.1%pts)

In profit from ordinary operating activities in the Information Technology business, the Company supported a profit margin roughly equal to that of the previous fiscal year. Although revenue dropped sharply in the relatively high-margin business of glass substrates for HDDs, HOYA was able to implement thoroughgoing cost management in this business.
The growth rate was -8.4%. Growth rate net of exchange-rate effects was -10.6%.

Financial data is available at the IR Library on HOYA’s website.