Hoya : Notice of Establishment of Subsidiary (117KB)

	January 5, 2023
Company Name	HOYA Corporation
Name of	Eiichiro Ikeda, Representative
Representative	Executive Officer and CEO
(Ticker: 7741, TSE Prime Market)
Contact	Communication Department
	Telephone [phone]

Notice of Establishment of Subsidiary

HOYA Corportation hereby announces that we have decided today to establish a subsidiary as follows:

1. Purpose of Incorporation of the subsidiary
   The subsidiary is to be established to strengthen the sales structure of intraocular lenses for cataract in the South Korean market, which is expected to grow in the future.
2. Outline of the Subsidiary

Name (Plan*)	HOYA Surgical Optics Korea Company Limited
Address	TBD
Representative	LEE Kyung-Ho
Date of Incorporation (Plan)	January 2023
Description of Businesses	Sales of intraocular lenses for cataract in Korea
Paid-in Capital	4.9 million US dollars
Investment ratio	HOYA Corporation 100%

*The company name will be finalized upon approval by the relevant Korean authorities.

3. Effect on earnings

We do not expect any material effect on the consolidated results for the year ended March 31, 2023.

This document is a disclosure document to the public and is not intended to solicit or act on behalf of any investor, whether in Japan or abroad, including the United States.

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