Hoya Corp Reports Strong Q1 2025 Earnings Growth

Hoya Corp ( (HOCPY) ) has released its Q1 earnings. Here is a breakdown of the information Hoya Corp presented to its investors.

Hoya Corporation is a Japanese multinational company specializing in optical products, including eyeglass lenses, medical devices, and electronics, operating primarily in the life care and information technology sectors. In its latest earnings report for the first quarter of the fiscal year 2025, Hoya Corporation reported a 3.1% increase in revenue compared to the same period last year, reaching 220,406 million yen. The company’s profit before tax rose by 4.9% to 67,363 million yen, and profit attributable to owners of the company increased by 9.9% to 51,840 million yen.

The Life Care segment saw a revenue increase of 1.7%, driven by strong sales of eyeglass and contact lenses, although medical endoscopes and intraocular lenses faced challenges due to market conditions in China. The Information Technology segment experienced a 5.6% revenue growth, supported by robust demand for semiconductor mask blanks and imaging products. Despite a decline in sales of medical endoscopes in the Americas, the overall performance of the company was bolstered by a recovery from previous IT system issues and sustained demand in the information technology sector.

Hoya’s financial position remained stable with total assets slightly decreasing to 1,232,573 million yen, while equity attributable to owners of the company increased to 976,832 million yen. The company generated a strong cash flow from operating activities amounting to 60,745 million yen, although there was a notable increase in cash used for investing activities, primarily due to capital expenditures.

Looking ahead, Hoya Corporation projects continued growth for the first half of the fiscal year 2025, with expected revenue of 444,000 million yen, a 3.6% increase from the previous year. The company anticipates a 6.3% rise in profit before tax, reflecting its strategic focus on expanding its market presence and enhancing product offerings in both the life care and information technology sectors.