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Hoya Reports Record High Revenues in Third Quarter Results

Hoya Vision Care Canada logo

During the quarter, which ended December 31, 2017, HOYA Group reports that revenues increased 11.6 % year on year, reaching 136,759 million yen. Profit growth in conjunction with higher revenues led to quarterly profit before tax of 34,683 million yen (1 yen = $0.12 CAD) with 27,727 million yen ($3.3 billion CAD) in profit, representing increases of 6.8% and 10.6%, respectively.

Sales of eyeglass lenses rose 16% on a currency-neutral basis, “in response to business acquisitions and strong sales growth in the Americas.” Sales of contact lenses also increased. Intraocular lens sales grew 16% on a currency-neutral basis. Overall the Hoya Life Care segment reported up 14.5% year over year.

“In the Life Care segment, we will continue to focus on the growth while securing profit,” said Hiroshi Suzuki, chief executive officer of HOYA.

Hoya also announced the projected results for the fiscal year ending March 31, 2018. Hoya forecasts revenues of 535 billion yen (up 11.7% compared to the previous year), pre-tax profit of 128 billion yen (up 15.5%) and profit for the term of 104 billion yen (up 19.7%).

Click HERE for the full press release.

 

Changes to Essilor International Board of Directors

The Board of Directors of Essilor International (Compagnie Générale d’Optique) has announced two changes in its composition:

  • Henrietta Fore has announced her resignation from the Essilor Board of Directors after being appointed Executive Director of UNICEF on January 1, 2018.

The members of the Board of Directors congratulated Mrs. Fore on her new appointment and thanked her warmly for her very important contribution to the Board’s work over the past two years.

  • Yi He, Director representing the employee shareholders through the Valoptec Association, has also announced that he will resign from the Essilor Board of Directors following the end of his term as a Board director of the Valoptec Association.

Given that the combination with Luxottica is under way, the Essilor Board of Directors did not feel this was an appropriate time to appoint two new members to succeed them.

As Henrietta Fore had been nominated to the Board of Directors of the future EssilorLuxottica, a new female director will be nominated in the near future and that appointment will be submitted for approval to Essilor’s next General Shareholders’ Meeting.

Source: Essilor

 

VEE  Expands Education Programming; Early-Bird Registration Deadline

Alexandria, VA – With one week left before the February 15 early-bird registration deadline, Vision Expo East has announced the addition of new educational programming to its expansive scope of education, products, trends and solutions that keep the industry updated on best practices in patient care, practice management and more.

Vision Expo East will debut a slate of new educational tracks including Attract and Retain Customers, Ocular Aesthetics, Supporting the Practice Experience, Clinical Concepts for Opticians and Technicians and Specialty Lens, and new lecture series including ODs on Facebook After Dark.

Through the recently announced OptiCon @ Vision Expo, ABO & NCLE will now offer exam review courses for the National Opticianry Competency Exam (NOCE) and Contact Lens Registry Exam (CLRE), for both basic and advanced levels, at Vision Expos East and West. All exam review courses will be taught by current National Federation of Opticianry Schools (NFOS) faculty. The NOCE and the CLRE, as well as the ABO & NCLE Advanced Exams, Online Spectacle Practical Exam, and Online Contact Lens Practical Exam, will be administered during Vision Expo East on Sunday, March 18, 2018.

The new OptiCon @ Vision Expo Advisory Board has selected their top education picks to help attendees make the most of their time in New York. For value pricing, a new OptiCon package was developed that includes up to 15 hours of continuing education – including an exclusive General Session – as well as Exhibit Hall access, two lunch vouchers, tailored special events, and access to discounted rates at a dedicated OptiCon hotel.

Not to be missed are the returning attendee-favorites including the Owner’s and Manager’s Essentials Program, Spectacle Lens Expert Track, Dispensing Essentials, Retail Program and invitation-only Boutique Buyer Panel, as well as the free Global Contact Lens Forum, Ocular Surface Disease and Wellness Symposium, and Vision Series.

After their successful debut last year, the popular Pop Up Talks series will return for free, fast-paced 30-minute sessions to get attendees up-to-date on fashion forward trends and key industry topics in an intimate, interactive setting in the Galleria Lounge.

Vision Expo East will take place at the Javits Center in New York, NY (Education: March 15–18; Exhibition: March 16–18).

 

Kate Spade New York’s Aisha 2 is Playful in Leopard!

Kate Spade New York travels to 1920s Paris. This magical place inspired a colour palette of liberating hues such as black with leopard as an unexpected pop of print. Aisha 2, a soft cat eye shape with a bold front and temples in acetate provides for a dramatic look in black with a playful leopard print temple interior.  The signature metal spade logo appears on the left wearing temple as a stylish accent.

Distributed by Safilo: www.safilo.com

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