Hoya Profits and Revenue Increased in Q2 2018

Hoya announced their financial results for the second quarter, ending Sept. 30, 2018.

Hoya’s announced revenue increased to 142,000 million yen, a 4.6 percent year over year increase. Profit before tax was 38,400 million yen, a 16.8 percent increase.

A strong performance in the Americas drove growth in eyeglass sales. Overall, the life care segment grew 4.6 percent thanks in part to the acquisition of Performance Optics.

“Profit margin of the Life Care segment reached 21% this quarter achieving the annual margin target of 20%,” said Hiroshi Suzuki, chief executive officer of HOYA. “We aim to stabilize this level while investing into growth opportunities.”

Hoya credits new store openings of Eyecity, a Japanese specialty contact lens retailer operated by Hoya with now over 250 locations, with increasing their performance in contact lens sales.

View the complete press release HERE.

Featured Posts

The Optical Metaverse

The Optical Metaverse is a new platform which is built on a metaverse engine called The Omniverse City. This platform has created new forms of exposure for the eyewear and eyecare industry, empowering it to foster sustainability.

Learn More

Presenting LE KEVIN Life

High-end leather handcrafted Le Kevin eyeglass holder brand, is now launching a mass-market, more affordable version - LE KEVIN Life.

Read more

Next Level Style

Let’s have fun and take style to the next level with this independently spirited design from the OGI collection.

Read more

WCO and Alcon to Launch “WCO Alcon Dry Eye Wheel” Tool

Registration Now Open for the May 9 Complimentary Online Event Focused on Dry Eye Disease Mitigation, Measurement, and Management

Read more

The Optical Foundry Innovates Industry-Leading Augmented Reality Shopping Experience

The Optical Foundry, holding company of prominent indie eyewear brand OGI Eyewear, announces the launch of its Optical Foundry Mobile App, that allows for a best-in-class Virtual Try-On (VTO) experience.

Read more

The Optical Metaverse

The Optical Metaverse is a new platform which is built on a metaverse engine called The Omniverse City. This platform has created new forms of exposure for the eyewear and eyecare industry, empowering it to foster sustainability.

Learn More

Presenting LE KEVIN Life

High-end leather handcrafted Le Kevin eyeglass holder brand, is now launching a mass-market, more affordable version - LE KEVIN Life.

Read More

Next Level Style

Let’s have fun and take style to the next level with this independently spirited design from the OGI collection.

Read More

WCO and Alcon to Launch “WCO Alcon Dry Eye Wheel” Tool

Registration Now Open for the May 9 Complimentary Online Event Focused on Dry Eye Disease Mitigation, Measurement, and Management

Read More

The Optical Foundry Innovates Industry-Leading Augmented Reality Shopping Experience

The Optical Foundry, holding company of prominent indie eyewear brand OGI Eyewear, announces the launch of its Optical Foundry Mobile App, that allows for a best-in-class Virtual Try-On (VTO) experience.

Read More

The Optical Metaverse

The Optical Metaverse is a new platform which is built on a metaverse engine called The Omniverse City. This platform has created new forms of exposure for the eyewear and eyecare industry, empowering it to foster sustainability.

Learn More

Presenting LE KEVIN Life

High-end leather handcrafted Le Kevin eyeglass holder brand, is now launching a mass-market, more affordable version - LE KEVIN Life.

Read more

Next Level Style

Let’s have fun and take style to the next level with this independently spirited design from the OGI collection.

Read more

WCO and Alcon to Launch “WCO Alcon Dry Eye Wheel” Tool

Registration Now Open for the May 9 Complimentary Online Event Focused on Dry Eye Disease Mitigation, Measurement, and Management

Read more

The Optical Foundry Innovates Industry-Leading Augmented Reality Shopping Experience

The Optical Foundry, holding company of prominent indie eyewear brand OGI Eyewear, announces the launch of its Optical Foundry Mobile App, that allows for a best-in-class Virtual Try-On (VTO) experience.

Read more

The Optical Metaverse

The Optical Metaverse is a new platform which is built on a metaverse engine called The Omniverse City. This platform has created new forms of exposure for the eyewear and eyecare industry, empowering it to foster sustainability.

Learn More

Presenting LE KEVIN Life

High-end leather handcrafted Le Kevin eyeglass holder brand, is now launching a mass-market, more affordable version - LE KEVIN Life.

Read more

Next Level Style

Let’s have fun and take style to the next level with this independently spirited design from the OGI collection.

Read more

WCO and Alcon to Launch “WCO Alcon Dry Eye Wheel” Tool

Registration Now Open for the May 9 Complimentary Online Event Focused on Dry Eye Disease Mitigation, Measurement, and Management

Read more

The Optical Foundry Innovates Industry-Leading Augmented Reality Shopping Experience

The Optical Foundry, holding company of prominent indie eyewear brand OGI Eyewear, announces the launch of its Optical Foundry Mobile App, that allows for a best-in-class Virtual Try-On (VTO) experience.

Read more