Hoya signals boost for vision care business

Another major optical manufacturer has given an indication of improvement in the global lens market, with Hoya announcing a sustained increase in both its net sales and operating income since April 2009.

As part of its third-quarter financial results for the period ending December 31, 2009, Hoya revealed that sales for its vision care business, which produces ophthalmic lenses, were ¥25,440m for the quarter, up 2.5 per cent from the same period in 2008. Operating income was ¥5,315m, up 10.9 per cent from the previous year.

Sales for Hoya's health care business, which produces contact lenses, increased 10.6 per cent to ¥13,670m and operating income increased 12.8 per cent, to ¥3,401m.