TOKYO, Japan, August 3 /PRNewswire-FirstCall/ -- HOYA Corporation today announced financial results for the first quarter ended June 30, 2009. Net sales were 94.9 billion yen for the quarter, a 27.0% decrease from 130.1 billion yen in the same period last year, and operating income was 9.2 billion yen, a 57.5% decrease from 21.8 billion yen in the same period last year, mainly due to order decrease and the impact of exchange rates. Since April, however, there has been a degree of recovery noted in orders, which resulted in an increase of both net sales and operating income compared to the fourth quarter FY2009 ended March 31, 2009.
Net income for the first quarter was down 81.8%, to 3.8 billion yen. Earnings per share for the quarter were 8.90 yen compared with 48.97 yen in the same period last year.
"Net sales decreased compared to the same period last year," said Hiroshi Hamada, chief operating officer of HOYA. "However we see a sign of turnaround in many business units such as optical glass and PENTAX camera compared to the preceding quarter."
For the first six months of FY2010 ending September 30, 2009, Hoya forecasts net sales of 195.0 billion yen (down 24.6% compared to 258.5 billion yen in the same period previous year), operating income of 24.0 billion yen (down 43.5% compared to 42.4 billion yen in the same period previous year) and net income of 13.5 billion yen (down 66.5% compared to 40.3 billion yen in the same period previous year.)