Hoya reports rise in net sales

Hoya, a Japanese supplier of advanced optics technologies, has announced financial results for the fourth quarter and fiscal year ended 31 March 2010.

Net sales were JPY105bn (£773m) for the fourth quarter, representing an increase of 26.4 per cent from JPY83bn in the same period last year, mainly due to a recovery in orders in business fields such as electro-optics.

For the fiscal year ended 31 March 2010, net sales fell 9 per cent over the previous fiscal year to JPY413.5bn, however, operating income was up 8.9 per cent to JPY64bn and net income was up 50.8 per cent to JPY38bn.