Hoya Corporation

Hoya Corporation

company_name = Hoya Corporation
company_type = Public company
foundation = Tokyo, Japan (November 1, 1941)
location = Tokyo, Japan
key_people = Hiroshi Suzuki, President & CEO
num_employees = 3,220 (HOYA Group Total: 25,176) as of March 31, 2006
industry = Electronic Compo-Misc
products = Optical and other products
homepage = [http://www.hoya.co.jp/english/index.cfm/ Hoya Corporation]

nihongo|Hoya Corporation|HOYA株式会社|Hoya Kabushiki Gaisha is a Japanese company that manufactures optical products ranging from laser equipment to contact lenses. The headquarters are in 2-7-5 Naka-Ochiai, Shinjuku, Tokyo. It is one of the world's leading manufacturers of photographic filters.

Hoya acquired the camera company Pentax in 2007.

History of Hoya-Pentax merger

Hoya discussed a merger with Pentax into Hoya Pentax HD Corporation during 2007. The merger was initially intended to be completed by October 1, 2007. [ [http://www.dpreview.com/news/0612/06122101pentaxhoyamerge.asp Hoya and Pentax to merge. dpreview.com] ] However, Pentax management decided to not pursue the originally planned share swap, and other options for a merger were discussed. [http://www.hoya.co.jp/data/current/newsobj-382-pdf.pdf] On May 25th, the Pentax board of directors accepted Hoya's offer for a merger. [ [http://www.dpreview.com/news/0705/07052502pentaxhoyatakeover.asp Pentax finally accept Hoya offer: Digital Photography Review ] ] On August 6, 2007, Hoya completed a friendly takeover bid for Pentax and acquired 90.59% of the company. [cite web | url=http://www.hoya.co.jp/data/current/newsobj-443-pdf.pdf | date=2007-08-07 | title=Notice Regarding the Results of the Tender Offer for the Shares of PENTAX Corporation and Change of Subsidiary | publisher=HOYA Corporation | accessdate=2007-08-07|format=PDF] 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. [cite web | url=http://www.hoya.co.jp/data/current/newsobj-490-pdf.pdf | date=2007-10-29 | title=Public Notice of Execution of Merger Agreement | publisher=HOYA Corporation & PENTAX Corporation | accessdate=2007-10-31|format=PDF] Hoya will retain the Pentax brand name and reports $2,927.3 (mil) in sales.

The company has been criticized for supplying laser glass slabs to the National Ignition Facility (NIF) at the Lawrence Livermore National Laboratory. [ [http://www.gensuikin.org/english/NIF_and_HOYA.htm Japanese Optical Glass Giant Involved in U.S. Nuclear Weapons Development] ] The Mayors of Hiroshima and Nagasaki have sent protest letters to the company.


External links

* [http://www.hoya.co.jp/english/index.cfm/ Hoya Corporation]
* [http://www.thkphoto.com/ THK Photo Products, Inc.] The U.S. importer of Hoya filters.

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