Hoya Corporation
Encyclopedia
is a Japanese company leading in manufacturing of optical
products including (Electro Optics) photomasks, photomask blanks and glass magnetic-memory disks, (Health Care) contact lenses and eyeglass lenses using the wavefront technology, (Medical) Photonics
lasers, (Imaging) photographic filter
s, (Other) system architecture and software. The headquarters are in 2-7-5 Naka-Ochiai, Shinjuku, Tokyo
. Hoya Corporation is one of the Forbes Global 2000 Leading Companies and Industry Week 1000 Company .
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 proposed changes to the Board of Directors to prevent what he called such "mistakes" from happening again.
On July 1, 2011, Hoya announced that it agreed to sell its Pentax digital camera business to Ricoh.
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. Hoya will retain the Pentax brand name and reports $2,927.3 (mil) in sales.
(NIF) at the Lawrence Livermore National Laboratory
. The mayors of Hiroshima
and Nagasaki have sent protest letters to the company.
In 2008 the glass disk subsidiary in Thailand was involved in a labour dispute. After the involvement of some customers that the dismissed workers were reinstated, and both management and union accepted to participate in harmonious communication.
Optics
Optics is the branch of physics which involves the behavior and properties of light, including its interactions with matter and the construction of instruments that use or detect it. Optics usually describes the behavior of visible, ultraviolet, and infrared light...
products including (Electro Optics) photomasks, photomask blanks and glass magnetic-memory disks, (Health Care) contact lenses and eyeglass lenses using the wavefront technology, (Medical) Photonics
lasers, (Imaging) photographic filter
Photographic filter
In photography and videography, a filter is a camera accessory consisting of an optical filter that can be inserted in the optical path. The filter can be a square or oblong shape mounted in a holder accessory, or, more commonly, a glass or plastic disk with a metal or plastic ring frame, which...
s, (Other) system architecture and software. The headquarters are in 2-7-5 Naka-Ochiai, Shinjuku, Tokyo
Shinjuku, Tokyo
is one of the 23 special wards of Tokyo, Japan. It is a major commercial and administrative center, housing the busiest train station in the world and the Tokyo Metropolitan Government Building, the administration center for the government of Tokyo.As of 2008, the ward has an estimated population...
. Hoya Corporation is one of the Forbes Global 2000 Leading Companies and Industry Week 1000 Company .
Hoya acquired the camera company Pentax
Pentax
Pentax is a brand name used by Hoya Corporation for its medical-related products & services and Pentax Ricoh Imaging Company for cameras, sport optics , etc. Hoya purchased and merged with the Japanese optics company on March 31, 2008. Hoya's Pentax imaging business was sold to Ricoh Company, Ltd...
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 proposed changes to the Board of Directors to prevent what he called such "mistakes" from happening again.
On July 1, 2011, Hoya announced that it agreed to sell its Pentax digital camera business to Ricoh.
History of Hoya-Pentax merger
Hoya discussed a merger with PentaxPentax
Pentax is a brand name used by Hoya Corporation for its medical-related products & services and Pentax Ricoh Imaging Company for cameras, sport optics , etc. Hoya purchased and merged with the Japanese optics company on March 31, 2008. Hoya's Pentax imaging business was sold to Ricoh Company, Ltd...
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
Takeover
In business, a takeover is the purchase of one company by another . In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to the acquisition of a private company.- Friendly takeovers :Before a bidder makes an offer for another...
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. Hoya will retain the Pentax brand name and reports $2,927.3 (mil) in sales.
Business ethics and corporate social responsibility
In 2001 the company was criticized for supplying laser glass slabs to the National Ignition FacilityNational Ignition Facility
The National Ignition Facility, or NIF is a large, laser-based inertial confinement fusion research device located at the Lawrence Livermore National Laboratory in Livermore, California. NIF uses powerful lasers to heat and compress a small amount of hydrogen fuel to the point where nuclear fusion...
(NIF) at the Lawrence Livermore National Laboratory
Lawrence Livermore National Laboratory
The Lawrence Livermore National Laboratory , just outside Livermore, California, is a Federally Funded Research and Development Center founded by the University of California in 1952...
. The mayors of Hiroshima
Hiroshima
is the capital of Hiroshima Prefecture, and the largest city in the Chūgoku region of western Honshu, the largest island of Japan. It became best known as the first city in history to be destroyed by a nuclear weapon when the United States Army Air Forces dropped an atomic bomb on it at 8:15 A.M...
and Nagasaki have sent protest letters to the company.
In 2008 the glass disk subsidiary in Thailand was involved in a labour dispute. After the involvement of some customers that the dismissed workers were reinstated, and both management and union accepted to participate in harmonious communication.