OREANDA-NEWS. Hoya Corporation announced financial results for the third quarter ended December 31, 2013.

During the quarter, revenues increased 21.0% to 109,690 million yen, and profit before tax increased 66.7% to 29,499 million yen compared with the same quarter last year. Profit for the quarter was up 114.9% to 22,274 million yen, and profit attributable to owners of the company was up 99.7% to 20,633 million yen year on year.

Products related to smartphones and tablet PCs in the Information Technology segment trended at solid levels, but sales declined in the products related to digital cameras. Meanwhile, revenues from eyeglass lenses grew substantially in the Life Care segment due to a recovery from the flooding in Thailand, and increase in sales resulting from the transfer of the eyeglass lenses operation from Seiko Epson Corporation in the fourth quarter of the previous year.

Sales rose also because the contact lens and endoscope businesses showed healthy growth in addition to the effect of a weak yen.

For the nine months ended December 31, 2013, revenues were up 13.0% to 312,351 million yen and profit before tax was up 10.1% to 65,594 million yen year on year. Profit for the term was down 1.5% to 47,382 million yen, and profit attributable to owners of the company was down 4.9% to 45,663 million yen.

Declines in profit were due mainly to temporary profits posted last year from insurance proceeds totaling 17,912 million yen related to the flooding in Thailand. Excluding the factor, profits increased in real terms.