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Lens maker Hoya struggles to grow its next pillar

Hoya's medical division includes products such as endoscopes.

TOKYO -- Japanese eyeglass lens maker Hoya is a blue-chip company renowned for high stock prices, strong earnings and generous shareholder payouts.

     However, the medical segment, which includes intraocular lenses and endoscopes, has achieved limited success so far. Hoya faces an urgent need to boost this segment for sustainable growth.

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