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Hoya reports 21% revenue increase for third quarter

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Hoya reported revenue of 109,690 million yen for its third quarter, an increase of 21% over revenue reported for the same period in 2012, according to a press release.

Year-to-date revenue totaled 312,351 million yen, a 13% increase over a year ago.

Quarterly profit was 22,274 million yen, an increase of 114.9% over the previous year.

Revenue growth was partly attributed to an increase in sales of eyeglass lenses and contact lenses.

Hoya predicted in the release that its Life Care segment, which includes eyeglass lenses and endoscopes, will account for 70% of aggregate company sales in the future.