Hoya Corp., the Japanese high-tech glassmaker involved in a possible takeover of Pentax Corp., said on 23 April 2007 that its 4Q 2006 operating profit rose 2.4%.
Operating profit came to JPY 24.6 bil…
Hoya Corp., the Japanese high-tech glassmaker involved in a possible takeover of Pentax Corp., said on 23 April 2007 that its 4Q 2006 operating profit rose 2.4%. Operating profit came to JPY 24.6 billion (USD 207 million) in the three months ended 31 March 2007, slightly higher than JPY 24 billion in the same period a year earlier. Although its profit margin continues to exceed those of other Japanese precision-equipment makers such as Canon Inc. and Konica Minolta Holdings, Hoya“s profitability has been hit by price pressure in photomasks used for liquid-crystal displays, where the firm has a more than 50% market share. Shares in Hoya, more than half-owned by foreigners, have fallen 11% in 2007, against a 1.3% gain on the Nikkei.