INTERVIEW-Hoya sees 2009/10 sales topping 400 bln yen
TOKYO Aug 18 (Reuters) - Japanese high-tech glass maker Hoya Corp (7741.T) said its sales in the financial year to next March are likely to exceed 400 billion yen ($4.22 billion), compared with a consensus market estimate of 398 billion yen. Hoya Chief Executive Hiroshi Suzuki said he aims to turn Pentax operations profitable in the current financial year as it presses ahead with cost-cutting steps.
But he told Reuters in an interview that it was difficult for the digital camera business to be self-sustaining in the long term, and it might need to seek ways to join hands with another company.
Hoya acquired Pentax in 2007 for about 95 billion yen to add endoscopes and digital cameras to its product portfolio, which include LCD photomasks, hard disk drive components, eye glass lenses and contact lenses.
($1=94.82 Yen)
(Reporting by Kiyoshi Takenaka)
((kiyoshi.takenaka@thomsonreuters.com; +81 3 6441 1810; Reuters Messaging: kiyoshi.takenaka.reuters.com@reuters.net))
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