Hoya Corporation (Hoya株式会社 Hoya Kabushiki-gaisha) is a Japanese company manufacturing optical products such as photomasks, photomask blanks and Hard disk drive platters, contact lenses and eyeglass lenses using wavefront technology for the health-care market, medical photonics, lasers, photographic filters, and software. Hoya Corporation is one of the Forbes Global 2000 Leading Companies and Industry Week 1000 Company.
Hoya headquarters in Tokyo
|Traded as||TYO: 7741|
TOPIX Large 70 Component
TOPIX 100 Component
|Founded||Hoya, Japan (November 1, 1941 )|
|Headquarters||Shinjuku-ku, Tokyo 161-8525, Japan|
(President and CEO)
Number of employees
|34,635 (as of March 31, 2015)|
|Footnotes / references|
Hoya acquired the camera company Pentax in 2007, for the price of US$1 billion, about 10% more than Pentax was valued at the time. In June 2010 the grandson of the corporation's founder Yutaka Yamanaka proposed changes to the Board of Directors to prevent what he called such "mistakes" from happening again.
On October 1, 2011, Hoya sold its Pentax camera business to Ricoh.
History of Hoya-Pentax merger
Hoya discussed a merger with Pentax into Hoya Pentax HD Corporation during 2007. Hoya's primary goal was to strengthen its medical-related business by taking advantage of Pentax's technologies and expertise in the field of endoscopes, intraocular lenses, surgical loupes, biocompatible ceramics, etc. It was speculated that Pentax's camera business could be sold off after the merger. The merger was initially intended to be completed by October 1, 2007. However, Pentax management decided to not pursue the originally planned share swap, and other options for a merger were discussed. On May 25, the Pentax board of directors accepted Hoya's offer for a merger. On August 6, 2007, Hoya completed a friendly takeover bid for Pentax and acquired 90.59% of the company. On October 29, 2007, Hoya and Pentax announced that Pentax, as the company ceasing to exist, will merge with and into Hoya on March 31, 2008.
The acquired Pentax surveying instrument business (later IT Asahi Co., Ltd.) and camera business (now Pentax Ricoh Imaging Co., Ltd.) were sold to Taiwan Instrument Co., Ltd. in 2009 and Ricoh Co., Ltd. in 2011, respectively.
Business ethics and corporate social responsibility
In 2008, the glass disk subsidiary in Thailand was involved in a labour dispute. After the involvement of some customers, the dismissed workers were reinstated, and both management and union accepted to participate in harmonious communication.
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- Yutaka Yamanaka (January 8, 2012). "Yutaka Yamanaka's opinion – Our Pension is in Danger ! ! – 健全な資本市場改革で、僕らの世代の貴重な年金資産を守ろう". yutakayamanaka.blogspot.com. Retrieved August 10, 2014.
- Alpeyev, Pavel; Ueno, Eijiro (May 27, 2010). "Hoya Founder's Grandson Calls Pentax Acquisition 'Failure,' Seeks Reforms". Bloomberg. Bloomberg L.P. Retrieved May 27, 2010.
- "Business News, Stock market & Financial Advice". Businessweek. Bloomberg L.P. Retrieved August 10, 2010.
- Reisinger, Don (July 1, 2011). "Hoya sells off Pentax digital camera business". CNET. Retrieved July 1, 2011.
- "Hoya Announces Closing of Sale of the PENTAX Imaging Systems Business". Hoya Corp. October 1, 2011. Retrieved January 27, 2012.
- "Hoya and Pentax to merge". Digital Photography Review. December 21, 2006. Retrieved May 16, 2015.
- "Hoya株式会社" (PDF). Hoya Corp. Retrieved May 16, 2015.
- "Pentax finally accept Hoya offer". Digital Photography Review. May 25, 2007. Retrieved September 24, 2015.
- "Notice Regarding the Results of the Tender Offer for the Shares of PENTAX Corporation and Change of Subsidiary" (PDF). Hoya Corp. August 7, 2007. Retrieved August 7, 2007.
- "Public Notice of Execution of Merger Agreement" (PDF). Hoya Corp. & PENTAX Corp. October 29, 2007. Retrieved October 31, 2007.
- Overeem, Pauline (November 2009). "On the Spot – Hoya Glass Disk (Thailand): a long road to unionisation". GoodElectronics. Retrieved May 16, 2015.
|Wikimedia Commons has media related to Hoya Corporation.|
- Official website
- "Company history books (Shashi)". Shashi Interest Group. April 2016. Wiki collection of bibliographic works on Hoya Corporation