Hoya to spin off contact lens retail business for enhanced growth

Hoya Corporation announced November 5, 2025, a decision to execute a simplified absorption-type company split. Effective April 1, 2026, the company will transfer its contact lens retail business to a newly established, wholly-owned subsidiary, Hoya Eye Care Retailing Corporation (HECR). This strategic move aims to enable more detailed decision-making for sales, marketing, and store operations, tailored to the specific characteristics of the industry, and thereby accelerate business expansion.

HECR, established on September 25, 2025, will succeed to assets, liabilities, and contractual rights related to the contact lens retail business. As HECR is a wholly-owned subsidiary, no consideration will be delivered for the split, and there will be no change in Hoya's capital. The split will not impact Hoya's consolidated business results.

For the fiscal year ended March 2025, the contact lens retail division reported sales of 107,972 million yen. As of March 31, 2025, the division's assets totaled 29,058 million yen, and liabilities amounted to 18,384 million yen.