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Hoya Corporation

 
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Hoya Corporation

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(Tokyo:7741)
Contact Information
Hoya Corporation
2-7-5 Naka-Ochiai, Shinjuku-ku
Tokyo 161-8525, Japan
Tel. +81-3-3952-1151
Fax +81-3-3952-0726

Type: Public
On the web: http://www.hoya.co.jp

Hoya often finds itself in the public eye. The company makes electro-optical components used in high-tech and medical products. The company's Life Care segment (51% of revenue) sells eyeglass and contact lenses, medical endoscopes (under the Pentax brand), and intraocular lenses. This group also operates the Eyecity chain of contact-lens stores in Japan. The Information Technology segment (49% of sales) makes mask blanks and photomasks for semiconductor devices and LCD panels, optical lenses, and glass memory disks for hard disk drives, as well as photonics (laser equipment and optical glass).

Officers:
President, CEO, and Director: Hiroshi Suzuki
COO and Director: Hiroshi Hamada
CFO and Director: Kenji Ema

Competitors:
Corning
JDS Uniphase
Oclaro

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Hoya Corporation

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Hoya Corporation
Type Public company
TYO: 7741
Industry Electronic Compo-Misc
Founded Tokyo, Japan (November 1, 1941)
Headquarters Tokyo, Japan
Key people Hiroshi Suzuki, President & CEO
Products Optical and other products
Revenue increase US$ 4,4 billion (2010)
Net income increase US$ 405,3 million (2010)
Employees 34.450
Website Hoya Corporation

Hoya Corporation (HOYA株式会社 Hoya Kabushiki Gaisha?) is a Japanese company leading in manufacturing of optical products including (Electro Optics) photomasks, photomask blanks and glass magnetic-memory disks, (Health Care) contact lenses and eyeglass lenses using the wavefront technology[1], (Medical) Photonics [2] lasers, (Imaging) photographic filters, (Other) system architecture and software. The headquarters are in 2-7-5 Naka-Ochiai, Shinjuku, Tokyo. Hoya Corporation is one of the Forbes Global 2000 Leading Companies [3] and Industry Week 1000 Company [4].

Hoya acquired the camera company Pentax in 2007, for the price of US$1 billion, about 10% more than Pentax was valued at the time. In June 2010 the grandson of the corporation's founder Yutaka Yamanaka [5] proposed changes to the Board of Directors to prevent what he called such "mistakes" from happening again. [6] [7]

On October 1, 2011, Hoya sold its Pentax camera business to Ricoh.[8][9]

Contents

History of Hoya-Pentax merger

Gnome globe current event.svg
 This article is outdated. Please update this article to reflect recent events or newly available information. Please see the talk page for more information. (January 2009)

Hoya discussed a merger with Pentax into Hoya Pentax HD Corporation during 2007. Hoya's primary goal was to strengthen its medical-related business by taking advantage of Pentax's technologies and expertise in the field of endoscopes, intraocular lenses, surgical loupes, biocompatible ceramics, etc. It was speculated that Pentax's camera business could be sold off after the merger. The merger was initially intended to be completed by October 1, 2007.[10] However, Pentax management decided to not pursue the originally planned share swap, and other options for a merger were discussed.[11] On May 25, the Pentax board of directors accepted Hoya's offer for a merger.[12] On August 6, 2007, Hoya completed a friendly takeover bid for Pentax and acquired 90.59% of the company.[13] On October 29, 2007, Hoya and Pentax announced that Pentax, as the company ceasing to exist, will merge with and into Hoya on March 31, 2008.[14] Hoya will retain the Pentax brand name and reports $2,927.3 (mil) in sales.

The acquired Pentax surveying instrument business (currently IT Asahi Co., Ltd.) and camera business (now Pentax Ricoh Imaging Co., Ltd.) were sold to Taiwan Instrument Co., Ltd. in 2009 and Ricoh Co., Ltd. in 2011, respectively.

Business ethics and corporate social responsibility

In 2001 the company was criticized for supplying laser glass slabs to the National Ignition Facility (NIF) at the Lawrence Livermore National Laboratory.[15] The mayors of Hiroshima and Nagasaki have sent protest letters to the company.

In 2008 the glass disk subsidiary in Thailand was involved in a labour dispute. After the involvement of some customers that the dismissed workers were reinstated, and both management and union accepted to participate in harmonious communication. [16]

See also

References

  1. ^ http://www.hoyaluxid.com/index.php?SID=4c0b098106aa0739008151&page_id=17661
  2. ^ http://hoyaphotonicsinc.com/
  3. ^ http://www.forbes.com/companies/hoya/#
  4. ^ http://www.industryweek.com/research/iw1000/2010/iw1000Company.asp?Input=634
  5. ^ http://yutakayamanaka.blogspot.com/
  6. ^ http://www.bloomberg.com/news/2010-05-27/hoya-founder-s-grandson-calls-pentax-acquisition-failure-seeks-reforms.html
  7. ^ http://www.businessweek.com/news/2010-05-26/hoya-founder-s-grandson-seeks-board-transparency-diversity.html
  8. ^ Don Reisinger, CNET. "Hoya sells off Pentax digital camera business." Jul 1, 2011. Retrieved Jul 1, 2011.
  9. ^ "HOYA Announces Closing of Sale of the PENTAX Imaging Systems Business". HOYA Corporation. 2011-10-01. http://www.hoya.co.jp/english/news/2011/20111001.html. Retrieved 2012-01-27. 
  10. ^ Hoya and Pentax to merge. dpreview.com
  11. ^ http://www.hoya.co.jp/data/current/newsobj-382-pdf.pdf
  12. ^ Pentax finally accept Hoya offer: Digital Photography Review
  13. ^ "Notice Regarding the Results of the Tender Offer for the Shares of PENTAX Corporation and Change of Subsidiary" (PDF). HOYA Corporation. 2007-08-07. http://www.hoya.co.jp/data/current/newsobj-443-pdf.pdf. Retrieved 2007-08-07. 
  14. ^ "Public Notice of Execution of Merger Agreement" (PDF). HOYA Corporation & PENTAX Corporation. 2007-10-29. http://www.hoya.co.jp/data/current/newsobj-490-pdf.pdf. Retrieved 2007-10-31. 
  15. ^ Japanese Optical Glass Giant Involved in U.S. Nuclear Weapons Development
  16. ^ Hoya Glass Disk (Thailand) - a long road to unionisation

External links

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