HOYA Corporation
Q1 FY24 Earnings Presentation
August 1, 2024

© 2024 HOYA CORPORATION All Rights Reserved

Forward-looking Statement
HOYA may make comments and disclose information which include forward-looking statements withrespect to HOYA´s plans and future performance. All statements, other than statements of historicalfact, are statements that could be deemed forward-looking statements and are based on management’s
assumptions and beliefs in light of the information available when such statements were prepared,
including exchange and interest rates, international situations, market trends and economic conditions,competition, production capacity, estimates of revenues, operating margins, capital expenditures, cash,
other financial metrics, expected legal, arbitration, political, regulatory, clinical or research anddevelopment capabilities, results or practices, customer patterns or practices, reimbursement activities
and outcomes, effects of pandemics or other widespread health problems, and other such estimatesand results. HOYA does not guarantee the accuracy or completeness of such information and HOYA
does not undertake any obligation to update any forward-looking statements as a result of newinformation, future events or otherwise.

© 2024 HOYA CORPORATION All Rights Reserved201. Financial Results© 2024 HOYA CORPORATION All Rights Reserved

3

Financial Overview••

Consolidated quarterly sales exceeded ¥200bn for the first time, thanks to the recovery of core products in theInformation Technology business, which had been affected by inventory adjustments in the previous fiscal year.
The increase in the sales mix of the relatively profitable Information Technology business led to a significant
increase in profit. The ¥4.7bn in financial income and ¥2.0bn in FX gains were the main factors for thedifference between pretax profit and profit from normal operating activities.

Pretax Profit(¥bn)

Revenue (¥bn)
182.3

196.8

213.8
72.1

26.2%

64.2
47.8

51.2

FY23 Q1

FY23 Q4

FY24 Q1

YoY +17% (CC* +9%)
© 2024 HOYA CORPORATION All Rights Reserved

FY23 Q1

Cf. Operating Profit/Profit Margin

FY23 Q4

FY24 Q1

YoY +26% (CC +19%)

FY23 Q1

26.9%

53.0

FY23 Q4

27.3%

58.4

FY24 Q1

YoY +22% (CC +20%)*CC: Constant Currency - same as below

4Life Care Business Overview••

Although several products were affected by the IT system incident, proactive sales promotion activities wereundertaken to recover sales. As a result, positive growth was achieved on a reported basis.
Due to the aforementioned sales promotion activities, profits were significantly lower than the previous year.
Revenue (¥bn)
127.4

137.0

Pretax Profit(¥bn)

Cf. Operating Profit/Profit Margin
19.8%

135.0
39.2
30.5

25.3

18.8%

25.8

17.5

17.8

FY23 Q1

FY23 Q4

FY24 Q1

YoY +6% (CC -2%)
© 2024 HOYA CORPORATION All Rights ReservedFY23 Q1

FY23 Q4

FY24 Q1

YoY -42% (CC -44%)

12.9%

FY23 Q1

FY23 Q4

FY24 Q1

YoY -31% (CC -34%)
5

Life Care Overview by Product: Eyeglass Lenses
Growth Rate

Reported Basis

Constant Currency Basis+8%-2%
Challenges/Prospects

Current Quarter••

Though the magnitude varied region by region,
the business was impacted by the IT incident.
Proactive sales promotion activities led to a
gradual recovery in sales and positive growth
including FX translation impact.

© 2024 HOYA CORPORATION All Rights Reserved••

Sales are expected to get back on growth trackfrom Q2 onward.
Build product portfolio that meets the demands ofvarious life stages, from children to the elderly.

6Life Care Overview by Product: Contact Lenses
Growth Rate

Reported Basis

Constant Currency Basis+6%+6%
Challenges/Prospects

Current Quarter••

Achieved stable growth through strong online
sales and PB product sales.
Launched 2 week PB new product hoyaONE
delight in April.

© 2024 HOYA CORPORATION All Rights Reserved••Continue to expand PB product portfolio.
Aim to grow faster than market growth (2%) byrolling out new stores, strengthening online,improving product mix, etc.

7Life Care Overview by Product: Endoscopes
Reported Basis
Growth Rate

Constant Currency Basis-12%-2%

Challenges/Prospects

Current Quarter••

Sales in China continued to be weak due to theanti-corruption campaign.
Announced partnership in the field of AI with
MAGENTIQ-EYE, an AI medical devices in the U.S.
market.

© 2024 HOYA CORPORATION All Rights Reserved••

Complete structural reform of the U.S. businessand change the sales structure of the Chinabusiness.
Continue to expand product portfolio.

8Life Care Overview by Product: Intraocular Lenses
Growth Rate

Reported Basis

Constant Currency Basis+8%+1%
Challenges/Prospects

Current Quarter•

Secured positive growth by aggressive sales
promotion activities despite the impact of NVBP inChina and the IT system incident.

••

Promoting preparations for local production inChina.
Continue to launch next-generation products.

*From this fiscal year, growth rates shown here are for intraocular lenses only, excluding sales of ophthalmic surgical instruments.

© 2024 HOYA CORPORATION All Rights Reserved

9Life Care Overview by Product: Artificial Bones, etc.
Growth Rate

Reported Basis

Constant Currency Basis+5%-2%
Challenges/Prospects

Current Quarter•

Sales of endoscope reprocessing equipment werestrong, but artificial bones were affected bycustomers' inventory adjustments and the IT
system incident, resulting in a slight decrease insales on a CC basis.

© 2024 HOYA CORPORATION All Rights Reserved•

Steadly launch new products in each productcategory.

10

Information Technology Business Overview••

The Information Technology business posted a significant double-digit sales increase due to a rebound in HDD
substrates and EUV blanks, which were affected by inventory adjustments in the same period of the previousyear, as well as continued strong sales of imaging-related products.
The profit margin was temporarily higher than usual due to higher-than-expected sales growth and changes
in the product mix.
Cf. Operating Profit/Profit Margin

Pretax Profit(¥bn)

Revenue (¥bn)
77.9
53.7

58.7

44.1
31.4

23.7

20.9

FY23 Q1

FY23 Q4

FY24 Q1

YoY +45% (CC +35%)© 2024 HOYA CORPORATION All Rights Reserved

FY23 Q1

FY23 Q4

44.0%

FY24 Q1

YoY +111% (CC +99%)

FY23 Q1

48.9%

54.8%

42.7

28.8

FY23 Q4

FY24 Q1

YoY +80% (CC +70%)
11

Information Technology Overview by Product: LSI
Growth Rate

Reported Basis

Constant Currency Basis+50%+45%
Challenges/Prospects

Current Quarter••

Demand for EUV blanks increased significantly due
to a rebound from the previous year.
We estimate that the full-scale tape-out of the
3nm generation and active R&D of AI-related
ASICs/HBMs are contributing to the increase.

© 2024 HOYA CORPORATION All Rights Reserved••

EUV blanks demand is expected to remain high,with some quarterly fluctuations.
Strengthen sales of PSM and promote activities toacquire qualification of advanced nodes.

12

Information Technology Overview by Product: FPD
Growth Rate

Reported Basis

Constant Currency Basis

-15%

-17%
Challenges/Prospects

Current Quarter•

Operating hours of mask writers decreased due tothe earthquake in Taiwan. The division was also
impacted by the IT security incident resulting in a
YoY sales decline.

••

We expect stabilization of supply system from Q2onward.
We plan to gradually start up the plant inChongqing, China in H2 this fiscal year.

Exterior view of Chongqing Plant© 2024 HOYA CORPORATION All Rights Reserved

13

Information Technology Overview by Product: HDD Substrates

Growth rate

Reported Basis

Constant Currency Basis

+73%

+53%
Challenges/Prospects

Current Quarter•

Demand for 3.5" is approaching its previous peak
(FY21) on the back of a rebound from theprevious year, when there was a major inventory
adjustment, and increased demand for storage forboth traditional servers and AI-related applications.

© 2024 HOYA CORPORATION All Rights Reserved••High level of demand is expected to continue,
although it may go up and down depending on
seasonality and other factors.
Decided to resume operation of the Laos plant fromQ4. Start preparations to restart the plant.

14

Information Technology Overview by Product: Imaging

Growth Rate

Reported Basis

Constant Currency Basis

+32%

+23%
Challenges/Prospects

Current Quarter•

Strong sales of interchangeable lenses formirrorless cameras and optical products forautomotive applications sustained during thequarter.

© 2024 HOYA CORPORATION All Rights Reserved••

Expand market share in existing markets andsearch for new business opportunities.
Build a profit base that is not influenced bymarket trends.

15Balance Sheet/Cash Flow Related

Cash Position/Shareholder Return••¥50bn share buyback inprogress; as of the end ofJuly, 90% was repurchased
We will continue to return
profits to shareholders in aflexible manner while
maintaining a balance withinvestment opportunities.

D&ACAPEX*••

Q1 results: ¥11.4bn(YoY +¥4.1bn)
FY24 annual CAPEX forecast
increased from ¥55 bn toaround ¥60bn due torevision of FPD payment
timing, etc.

•

Q1 results: ¥11.7bn(YoY -¥0.8bn)•FY24 is expected to bearound ¥50 bn per year

*CF basis. Acquisition of property, plantand equipment© 2024 HOYA CORPORATION All Rights Reserved

Icons provided by https://www.flaticon.com/

16

02. FY24 Q2&H1 Forecast© 2024 HOYA CORPORATION All Rights Reserved

17

FY24 Q2&H1 Forecast
Assumptions for the forecast (explanation on a QoQ basis)• Lifecare business continues to recover from the IT incident, but profitability still not reaching the level of theyear-ago quarter.
• Information Technology business: sales are expected to be at the same level as in Q1, while we assume thatprofitability, which had been higher than normal, will gradually return to normal levels.
• We assume FX gains/losses to be neutral (=0).

(¥bn)

Q2 FY23Q2 FY24

YoY

QoQ

Revenue

188.7

216.2

+15%+1%

Pretax Profit

63.6

65.8+4%+3%

Exchange rate assumptions USD=¥150, EUR=¥165(¥bn)

H1 FY23H1 FY24

YoYRevenue

371.0

430.0

+16%

Pretax Profit

114.8

130.0+13%© 2024 HOYA CORPORATION All Rights Reserved

18

03. ESG Update© 2024 HOYA CORPORATION All Rights Reserved

19Environmental••••Published second TCFD disclosure. Added Imaging business to scenario
analysis, covering approximately 90% of company-wide CO2 emissions.
Promoting work on calculation of CO2 Scope 3 emissions. Partial
disclosure planned in the near future.
Joined RE100. Promoting the introduction of renewable energy mainly
at production sites.
Set a target for reduction of water consumption (water withdrawal)
intensity, aiming for a 16% reduction in water withdrawal per unit ofproduction by 2030*.

CDP score moved up 2 ranks

BC2022

B2023

HOYA LAMPHUN LTD.
(Thailand / Intraocular Lens)

Renewable energy ratio increased significantly

2%
2022

14%
2023

Accelerate efforts to achieve 100%
renewable energy by 2040

*Base year is 2021. Production numbers based on a conversion method set up internally to combine businesses with different manufactured products. We will work to ensure thatthe total volume of water withdrawal does not exceed the base year level.

© 2024 HOYA CORPORATION All Rights Reserved20

SocialEngagement
SurveyEmployee Engagement Surveys are conducted on a regular basis. Currently, the fourth survey isunderway. Focusing on “Talent Management” and “Career Development” based on the results of thepast three surveys. Began operating a common global employee evaluation system from 2022.

ESG Award

The ESG Award, an internal award system to recognize ESG activities, was established to shareknowledge across business boundaries within the HOYA Group and to further advance ESG activities,
with the aim of increasing employee motivation and engagement through an award system thatencourages ESG activities.

Update Supplier
Code of Conduct

Since the development of the Supplier Code of Conduct in 2018, we have been encouraging
suppliers to comply and sign the Code. In line with the current international norms, we addedcompliance requirements related to clarification of efforts to address human rights andenvironmental issues, ethics and corporate governance, product quality and safety, information
security, and management systems. Scheduled to begin distribution to suppliers by the end of thefiscal year.

HOYA LENS THAILAND LTD. (Thailand / Eyeglass Lens)
received Raise Awareness Award© 2024 HOYA CORPORATION All Rights Reserved21Governance••

In June 2023, the weighting of ESG indicators in the evaluation of the Performance Share Units(performance-linked stock compensation plan), a medium- to long-term incentive for executive officers, wasincreased from 10% to 25% to strengthen incentives to promote ESG.
With regard to the ESG indicators established in June of this year, "strengthen IT governance" was newly set
as a core objective in response to the recent IT system incident, and "promote diversity in management"and "expand learning opportunities for employees" were also set as targets.

Financial Metrics• Revenue• EPS• ROE Indicators© 2024 HOYA CORPORATION All Rights Reserved

75%ESG Metrics• Strengthen IT governance• Promote diversity in management• Expand learning opportunities foremployees

25%
50%
30%
20%

22

Notes✓ Accounting standard: IFRS✓ The fiscal year ending March 2025 is referred to as “FY24” throughout this document.
✓ Figures less than 100 million yen are rounded down. Accordingly, some discrepancies
may occur among totals. Ratios are calculated using actual numbers.
✓ Operating profit is calculated as reference information for investors; calculated bydeducting finance income/costs, share of profits(loss) of associates, FXgain/loss andother temporary gain/loss from pretax profit.
✓ We have omitted detailed breakdown of financial statements.
Please refer to the tanshin or the quarterly report for detailed numbers.
https://www.hoya.com/en/investor/kessan/© 2024 HOYA CORPORATION All Rights Reserved

23

Innovating For a Better Tomorrow