HOYA (7741) Q1 2026 earnings summary

Executive summary

• Revenue increased 8% year-over-year on a constant currency basis, reaching ¥220.4 billion, despite yen appreciation headwinds.

• Operating profit reached a record high, up 18% year-over-year on a constant currency basis, driven by Life Care business recovery.

• Life Care segment rebounded from a prior IT incident, with strong eyeglass and contact lens sales, while Information Technology saw robust demand for semiconductor mask blanks and imaging products.

• Information Technology business revenue rose 12% on a constant currency basis, led by LSI and imaging segments.

Financial highlights

• Q1 revenue: ¥220.4 billion (+3% reported, +8% constant currency year-over-year).

• Operating profit: ¥66.2 billion (+13% reported, +18% constant currency year-over-year).

• Pretax profit: ¥67.4 billion (+5% reported, +10% constant currency year-over-year).

• Basic earnings per share increased to ¥151.24 from ¥134.67 year-over-year.

• Operating cash flow improved to ¥60.7 billion from ¥52.9 billion, while free cash flow was ¥45.3 billion.

Outlook and guidance

• Sales and profits expected to continue Q1 trends in Q2, with revenue and pretax profit both forecast to rise 4% year-over-year for H1.

• Net profit for H1 projected at ¥104.0 billion, up 4% year-over-year.

• Full-year revenue is projected at ¥444.0 billion, up 3.6% year-over-year, with profit before tax expected to rise 6.3% to ¥135.0 billion.

• EPS for the full year is forecast at ¥303.42, up from ¥286.64.

• Guidance excludes FX gains/losses and special factors.