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Hoya Posts Net Income Of JPY3.8 Billion In Q1 Fiscal 2010

Hoya Corporation (Hoya) has reported net sales of JPY94.9 billion for the first quarter of fiscal 2010, down 27%, compared with net sales of JPY130.1 billion in the year-ago quarter. It also reported a net income of JPY3.8 billion, or JPY8.90 per share, for the first quarter of fiscal 2010, compared with the net income of JPY21.1 billion, or JPY48.97 per share, in the year-ago quarter.

For the first six months of FY2010 ending September 30, 2009, Hoya forecasts net sales of JPY195 billion (down 24.6% compared to JPY258.5 billion in the same period previous year), operating income of JPY24 billion yen (down 43.5% compared to JPY42.4 billion in the same period previous year) and net income of JPY13.5 billion (down 66.5% compared to JPY40.3 billion in the same period previous year.)

HOYA is a Japan-based company that operates in three business segments. The Information and Communications segment, the Eye Care segment and the Pentax segment.