Hoya hits record profit for 1H 2005

Japan“s Hoya Corp said its net profit for the 1H 2005 ended September increased 18.5% to a record JPY 38.98 billion, boosted by strong sales of its semiconductor photomasks, mask blanks and eye wear….

Japan“s Hoya Corp said its net profit for the 1H 2005 ended September increased 18.5% to a record JPY 38.98 billion, boosted by strong sales of its semiconductor photomasks, mask blanks and eye wear. Mask blanks are the basis for photomasks, which are used to copy electronic circuit patterns onto silicon wafers for making semiconductors. Hoya, the world“s largest producer of mask blanks, also reported record operating profit of JPY 49.79 billion on record sales of JPY 166.74 billion for the 1H 2005. The 1H results were slightly ahead of the forecasts made by the company in July 2005. It projected net profit of JPY 38.0 billion for the 1H, operating profit of JPY 49 billion and revenue of JPY 163 billion. Net profit for the 2Q 2005 to September rose 11% to JPY 18.60 billion as revenue increased 8% to JPY 84.96 billion. In its core electro-optical equipment division, which covers mask blanks and photomasks, the company posted operating profit of JPY 36.87 billion during the six-month period, up 12% from a year earlier. Hoya did not give any forecasts for the full-year ending March 2006. It said it will issue full-year projections in January or February 2006 when it releases results for the 3Q 2005 to December.