Hoya Corporation

Last updated

Hoya Corporation
Native name
Hoya株式会社
Public (K.K)
Traded as TYO: 7741
TOPIX Large 70 Component
TOPIX 100 Component
ISIN JP3837800006  OOjs UI icon edit-ltr-progressive.svg
Industry Precision instruments
Founded Hoya, Japan (November 1, 1941;78 years ago (1941-11-01))
FoundersShoichi Yamanaka
Shigeru Yamanaka
Headquarters Shinjuku-ku, Tokyo 161-8525, Japan
Key people
Hiroshi Suzuki
(President and CEO)
Products
RevenueIncrease2.svg JP¥ 490 billion (FY 2014) (US$ 4.1 billion) (FY 2014)
Increase2.svg JP¥ 92.8 billion (FY 2014) (US$ 777 million) (FY 2014)
Number of employees
34,635 (as of March 31, 2015)
Website Official website
Footnotes /references
[1] [2] [3]

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[ clarification needed ] for the health-care market, [4] medical photonics, [5] lasers, photographic filters, and software. Hoya Corporation is one of the Forbes Global 2000 Leading Companies [6] and Industry Week 1000 Company. [7]

Contents

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 [8] proposed changes to the Board of Directors to prevent what he called such "mistakes" from happening again. [9] [10]

On October 1, 2011, Hoya sold its Pentax camera business to Ricoh. [11] [12]

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. [13] However, Pentax management decided to not pursue the originally planned share swap, and other options for a merger were discussed. [14] On May 25, the Pentax board of directors accepted Hoya's offer for a merger. [15] On August 6, 2007, Hoya completed a friendly takeover bid for Pentax and acquired 90.59% of the company. [16] 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. [17]

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.

ReadSpeaker

On July 13, 2017, it was announced that the HOYA had acquired ReadSpeaker. ReadSpeaker was founded in 1999 and headquartered in Huis ter Heide, Utrecht in the Netherlands at the time of the acquisition. [18] ReadSpeaker is a text-to-speech technology that allows users to highlight words that are being spoken, and users can save the speech in an MP3 format. [19] It has been used to transform websites to speech. The International Herald Tribune employed the tool to turn into podcasts the stories it publishes online. [20] In a paper for the 2016 International Conference on Software Process Improvement, José Ortega and his coauthors said, ReadSpeaker "works 100% online, is a good reference but is commercial and costs". [21]

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. [22]

See also

Related Research Articles

Pentax Japanese optics company and brand owned by Ricoh

Pentax is a brand name used primarily by Japanese multinational imaging and electronics company Ricoh for 35mm cameras, sport optics, and CCTV optics. The Pentax brand is also used by Hoya Corporation for medical products & services, TI Asahi for surveying instruments, and Seiko Optical Products for certain optical lenses.

Ricoh Japanese imaging and electronics company

The Ricoh Company, Ltd. is a Japanese multinational imaging and electronics company. It was founded by the now-defunct commercial division of the Institute of Physical and Chemical Research (Riken) known as the Riken Concern, on 6 February 1936 as Riken Sensitized Paper. Ricoh's headquarters are located in Ricoh Building in Chūō, Tokyo.

M42 lens mount screw thread mounting standard for attaching lenses to 35 mm cameras

The M42 lens mount is a screw thread mounting standard for attaching lenses to 35 mm cameras, primarily single-lens reflex models. It is more accurately known as the M42 × 1 mm standard, which means that it is a metric screw thread of 42 mm diameter and 1 mm thread pitch. It was first used in Zeiss' Contax S of 1949; this East German branch of Zeiss also sold cameras under the Pentacon name; after merger with other East German photographic manufacturers, the name Praktica was used. M42 thread mount cameras first became well known under the Praktica brand, and thus the M42 mount is known as the Praktica thread mount. Since there were no proprietary elements to the M42 mount, many other manufacturers used it; this has led to it being called the Universal thread mount or Universal screw mount by many. The M42 mount was also used by Pentax; thus, it is also known as the Pentax thread mount, despite the fact that Pentax did not originate it.

Pentax K-mount lens mount used by Pentax and others

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This article discusses the cameras – mainly 35 mm SLRs – manufactured by Pentax Ricoh Imaging Corp. and its predecessors, Pentax Corporation and Asahi Optical Co., Ltd..

Pentax (lens) photographic lenses sold under the Pentax brand

Pentax lenses were first badged as Takumar. The Takumar branded lenses were well respected for their line of Super Takumar, which designated the high performance coating applied to the lens as well as the optical formulas used to make them. The majority of the industry at the time was still satisfied with the variations of the "plumb" coating process and later some of the two and three layer processes as well. Asahi Pentax soon introduced the Takumar Super-Multi-Coated line of lenses which was a 7 layer process as the industry had just caught up with similar forms of 5 layer multi-coated optics. Eventually Asahi Optical and Pentax slowly shifted much of their lens production under the Pentax name and transitioned some of the successful designs that were first introduced under the Takumar name to use Asahi/Pentax badging as well as beginning to use the "smc" abbreviation. Eventually the Asahi partnership disappeared and the Pentax name became solely used. Pentax lenses saw many feature changes to answer the market, such as: incorporating "Auto-Aperture" with the M42, the light weight and compactness with the 'M' series, Aperture Priority overrides with the 'A' series, and Auto-Focus with the 'F' series. Modern Pentax lenses for digital SLR cameras have seen the elimination of the aperture ring completely as found on Pentax DA and D-FA series lenses. They use the Pentax KAF mount. All of these lenses have an autofocus feature, either operated from the camera body or from an internal SDM motor. Pentax compatible lenses are also made by third-party companies.

Pentax K-7 digital camera model

The Pentax K-7 is a 14.6-megapixel digital single-lens reflex camera, announced on 20 May 2009. This is the first new flagship model released by Pentax since its merger with Hoya Corporation on 31 March 2008. It was discontinued late in 2010 in favour of the K-5.

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The Pentax Q series is a series of mirrorless interchangeable-lens cameras made by Pentax and introduced in 2011 with the initial model Pentax Q. As of September 2012, it was the world's smallest, lightest interchangeable lens digital camera. The first models used a 1/2.3" back-illuminated sensor CMOS image sensor. The Q7, introduced in June 2013, uses a larger 1/1.7" type sensor. The Q system is now discontinued.

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Pentax K-50 digital camera model

The Pentax K-50 is a 16.3-megapixel mid-level Pentax digital single-lens reflex camera, announced on 12 June 2013. It is the direct successor to the Pentax K-30 model, both of which are weather-sealed.

Pentax K-3 digital single-lens reflex camera

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References

  1. "Corporate Profile". Hoya Corp. Retrieved September 24, 2015.
  2. "Company Snapshot". Bloomberg L.P. Retrieved September 24, 2015.
  3. "Financials". Bloomberg L.P. Retrieved September 24, 2015.
  4. "Home". Hoyalux iD. Retrieved August 10, 2014.
  5. "Hoya Photonics, Inc™". Hoyaphotonicsinc.com. Retrieved August 10, 2014.
  6. "Company Profile". Forbes . Retrieved September 24, 2015.
  7. "The 2013 IndustryWeek 1000". IndustryWeek . Penton Media. June 7, 2013. Retrieved August 10, 2014.
  8. 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.
  9. 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.
  10. "Business News, Stock market & Financial Advice". Businessweek. Bloomberg L.P. Retrieved August 10, 2010.
  11. Reisinger, Don (July 1, 2011). "Hoya sells off Pentax digital camera business". CNET . Retrieved July 1, 2011.
  12. "Hoya Announces Closing of Sale of the PENTAX Imaging Systems Business". Hoya Corp. October 1, 2011. Retrieved January 27, 2012.
  13. "Hoya and Pentax to merge". Digital Photography Review . December 21, 2006. Retrieved May 16, 2015.
  14. "Hoya株式会社" (PDF). Hoya Corp. Retrieved May 16, 2015.
  15. "Pentax finally accept Hoya offer". Digital Photography Review. May 25, 2007. Retrieved September 24, 2015.
  16. "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.
  17. "Public Notice of Execution of Merger Agreement" (PDF). Hoya Corp. & PENTAX Corp. October 29, 2007. Retrieved October 31, 2007.
  18. Lindemann, Roy (July 13, 2017). "HOYA's Memory Disk Division Acquires ReadSpeaker" (Press release). ReadSpeaker. Archived from the original on May 16, 2020. Retrieved May 16, 2020.
  19. Squires, Robert I. (2018). "Universal Design for Learning in Online Credit Recovery: Do Course Features Impact Achievement?". Graduate Student Theses, Dissertations, & Professional Papers. University of Montana. Archived from the original on April 25, 2020. Retrieved April 25, 2020.
  20. Nicholson, Chris (October 11, 2006). "Talk to me, e-mail: Messages that can be heard - Technology - International Herald Tribune". The New York Times . Archived from the original on May 16, 2020. Retrieved May 16, 2020.
  21. Peraza, Juan; Quiñonez, Yadira; Lizarraga, Carmen; Ortega, José; Olivarría, Monica (2017). "Identification of visually impaired users for customizing web pages on the Internet". In Mejia, Jezreel; Muñoz, Mirna; Rocha, Álvaro; San Feliu, Tomas; Peña, Adriana (eds.). Trends and Applications in Software Engineering: Proceedings of CIMPS 2016. Cham: Springer Nature. p. 286. ISBN   978-3-319-48522-5. ISSN   2194-5357 . Retrieved May 16, 2020.
  22. Overeem, Pauline (November 2009). "On the Spot – Hoya Glass Disk (Thailand): a long road to unionisation". GoodElectronics. Retrieved May 16, 2015.