HOYA has expanded its business through M&A over many years, but is now advancing a strategic shift toward organic growth based on its internal assets as a core pillar.
HOYA’s growth has been driven by M&A, but the company is now shifting to a policy of pursuing organic growth using its internal assets in parallel. The article looks back at more than 20 years of making acquisitions a pillar of growth, while pointing to the search for new growth engines.
The company has expanded its business from optical lenses into areas where it can apply its strengths in optical technology. A turning point came with the consolidation of Pentax as a subsidiary in 2007 and the merger in 2008, after which the company continued to reorganize and expand its business portfolio.
The company has clearly indicated a policy of focusing on organic growth using its internal assets. Its strategy of pursuing M&A and business selection in parallel is expected to continue. Applying HOYA’s optical technology outside its eyeglass business is positioned as a new growth axis.