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Investing.com -- HOYA Corporation reported second-quarter results that surpassed company guidance, with sales reaching ¥234.5 billion, representing a 9% year-over-year increase, or 8% when excluding foreign exchange effects.
The company’s pretax profit climbed to ¥71 billion, marking a 15% increase (13% excluding forex effects) compared to the same period last year. These figures exceeded HOYA’s own guidance of ¥223.5 billion in sales and ¥67.6 billion in pretax profit.
Sales growth excluding foreign exchange effects has now increased for eight consecutive quarters, maintaining high single-digit to double-digit growth for six straight quarters.
Earnings from ordinary operating activities totaled ¥70.2 billion, up 7% year-over-year (6% excluding forex effects), keeping above the ¥60 billion mark for the fifth consecutive quarter.
Market analysts had estimated sales of ¥227.2 billion, pretax profit of ¥71.8 billion, and operating profit of ¥69.9 billion for the quarter.
While HOYA typically provides full-year guidance during its third-quarter results announcement and did not present fiscal year 2026 guidance in this report, management indicated expectations for continued positive business conditions in the second half of the fiscal year.
The company projects strong demand for HD substrates to continue throughout fiscal year 2026, with sales to new customers expected to steadily increase from the fourth quarter. HOYA also anticipates ongoing strong demand for EUV products in fiscal year 2026.
Additionally, the company aims to improve its life care segment margin to close to 20%.
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