Hoya Corp dissolves pension fund

Japanese optical glass maker Hoya Corp. has dissolved its employees pension fund having received government approval. A special loss of JPY 15.3 billion has already been posted to make up for a reserv…

Japanese optical glass maker Hoya Corp. has dissolved its employees pension fund having received government approval. A special loss of JPY 15.3 billion has already been posted to make up for a reserve shortfall and the company“s earnings estimates will not be affected.