# HOYA vs Citizen Watch

> Unit: JPY millions (ratios in %)
> Periods: HOYA = FY ending Mar 2026, consolidated, IFRS / Citizen Watch = FY ending Mar 2026, consolidated, J-GAAP
> Retrieved: 2026-09-30T20:34:53.428Z

| Metric | HOYA | Citizen Watch |
| --- | ---: | ---: |
| Revenue | 947,749 | 346,808 |
| Operating income | — | 30,250 |
| Net income | 253,085 | 31,100 |
| COGS ratio | — | 56.9% |
| Operating margin | — | 8.7% |
| Net margin | 26.7% | 9.0% |
| FCF margin | 23.4% | 4.3% |
| Period | FY ending Mar 2026 | FY ending Mar 2026 |
| Source | S100YD7J | S100YGYK |

## Five-axis industry profile

Each axis shows a rank within that company's primary industry, so peer groups may differ. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

| Axis | HOYA | Citizen Watch |
| --- | ---: | ---: |
| Revenue growth | 67.5 (20 peers) | 57.5 (20 peers) |
| Profitability | — | 62.5 (20 peers) |
| Cash conversion | — | 65.8 (19 peers) |
| Efficiency | 21.4 (21 peers) | 26.2 (21 peers) |
| Financial strength | 87.5 (4 peers) | 62.5 (4 peers) |

## Company details

- https://vizora.meequs.com/en/company/hoya/md
- https://vizora.meequs.com/en/company/citizen-watch/md

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).