All Menicon articles
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ArticleDisposable daily CLs momentum slowed down in 2023 in Europe, survey shows
Wholesale sales of soft contact lenses rose by 5.2 percent year-on-year to €2,157 million in 2023 for a group of 32 countries including 25 in Europe and a few others (Egypt, Israel, Saudi Arabia, Kuwait, South Africa and United Arab Emirates), according to the new annual report by Euromcontact, the ...
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ArticleSlight average eyewear stocks price hike in Q1 reflects extreme ups and downs
The average stock price of public eyewear companies inched up by 1.6 percent on a non-weighted basis during the first quarter of 2024, slowing down from the 8.4 percent growth calculated for Q4 2023. The Q1 2024 performance also fell short of the 8.1 percent quarter-on-quarter growth of the MSCI ...
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News briefs
Menicon promotes EMEA chief from within, acquires French specialty CL supplier
Japanese-based contact lens maker Menicon has announced the promotion of Remco Engelhart to the position of Menicon EMEA CEO. A seasoned manager with over thirty years of experience in the eye care sector, including previous positions at CooperVision, Bausch + Lomb or Sauflon, Engelhart joined Menicon Europe in 2017. Since ...
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News briefs
Menicon to build a new factory in Japan
Japanese-based contact lens maker Menicon has announced the acquisition of a 93,000 square-meter site in Fukui prefecture, Japan. The company will build there what will become its largest domestic production site for contact lenses and lens care products and is also considering the establishme of research and development operations related ...
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News briefs
Menicon partners with Japanese universities for research on CL materials and recycling
In a double initiative aimed at researching next-generation materials for contact lenses and at recycling plastic waste generated for their distribution, Menicon has announced the creation of the Research Center for Miru Mirai (litterally “see” and “future” in Japanese) in partnership with the Tohoku University. The University of Tokyo will ...
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News briefsMenicon reports topline increase but operating-profit drop
Menicon has reported a 4.5 percent year-on-year increase in vision care sales to 80,126 million Japanese yen (€497m) for the first nine months of the current fiscal year, ending at the end of March, with overseas market driving the growth. International sales went up by 10.3 percent to ¥23,818 million ...
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ArticleEyewear stock price up 8% in Q4, sector market capitalization up 10% year-on-year
Along with our usual quarterly update on public eyewear companies’ stock price variations, we are also publishing in the table below the year-on-year changes to provide a longer-term perspective, as well as our annual market capitalization ranking further down on this page. After a negative third quarter, the average stock ...
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News briefs
Europe drives Menicon vision care revenue growth in Q2
Menicon has reported a 5.0 percent year-on-year increase in vision care revenue to 53,037 million Japanese yen (€324 m) for the first half of its fiscal year, with overseas market overperforming. Sales in the Japanese group’s domestic market inched up by 1.8 percent year-on-year to ¥37,340 million (€228 m) as ...
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News briefs
Menicon starts ortho-k lens production in China
Japanese-based contact lens maker Menicon has announced that its Chinese subsidary, ALPHA WUXI, started producing ortho-k lenses at its new factory this month, a few months ahead of schedule. The brand Alpha Ortho-k was launched in China in 2011 and its lenses were until now produced at the group’s factory ...
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ArticleEyewear companies' average stock price down in Q3
After two consecutive quarters of double-digit growth, the average stock price of eyewear companies went down by an average 7 percent on a non-weighted basis (see chart below) in the quarter ended Sept. 30. This also marks an unusual underperformance compared with the MSCI World Index, a global index comprising ...
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ArticleMenicon Q1 vision care sales inch up 4%
Menicon’s vision care sales inched up by 3.7 percent to 25,087 million Japanese yen (€158.8m) in the first quarter of fiscal year 2023, underpinned by a strong performance in the Japan-based contact lens maker’s overseas markets. In the three months ended June 30, sales in Menicon’s domestic market rose by ...
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ArticleTwo retail groups top our Q2 stock price chart
Stock prices of eyewear industry companies confirmed in Q2 their upward trend started in the previous quarter. On a non-weighed average basis, they increased by 12.5 percent quarter-on-quarter overperforming the 6.3 percent rice of MSCI World, a global index comprising over 1,500 companies. EWI Stock price chart Q2 2023 ...
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ArticleMenicon driven by dailies, ortho-k, overseas and currencies in FY2022
Japanese-based contact lens maker Menicon has reported positive full year results for its fiscal year ended March 31, with a double-digit increase in group revenue versus 2021 and a slight improvement in operating profit margin. The overseas markets, notably in the orthokeratology segment, higher sales of daily disposable lenses in ...
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News briefsA German contact-lens portal
The Spectaris Contact Lens Circle and an industry initiative called Kuratorium Gutes Sehen (KGS) have set up an internet portal to persuade wearers of glasses to try contact lenses. The German website (kontaktlinseninfo.de) is described as comprehensive and neutral with respect to brands and manufacturers. It reviews the full range ...
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ArticleEyewear stocks start 2023 on the right foot
Stock prices of eyewear companies were off to a good start of the year, with an average growth of 13 percent on a non-weighted basis in Q1 2023 compared with Q4 2022. It is the first time in more than a year that their average value significantly increased, overperforming the ...
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ArticleThe second demise of Google Glass
Google ended sales of Google Glass on March 15 and will be “supporting” Glass Enterprise Edition until Sept. 15,” after which the surviving pairs of connected glasses will be on their own. If they break, they break. By autumn, then, Glass as a product will have died its second death. ...
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News briefs
Menicon hits 30% overseas sales ratio
Menicon Q3 results showed that the Japanese company reached an important milestone in the internationalization of its business as overseas sales reached 30 percent of total revenue. That compares with 12 percent five years ago and a 35 percent target ratio for 2025. International sales of contact lenses jumped by ...
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News briefs
Mojo Vision shelves its AR contact lens
Mojo Vision CEO Drew Perkins announced in a blog post a few days ago that the U.S.-based tech company was halting the development of Mojo Lens, its augmented reality (AR) smart contact lens. Perkins said that the decision was motivated by difficulties in raising new capital in a slumping global ...
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News briefs
Menicon overseas sales up 35 percent in H1
Menicon has reported an 11.8 percent year-on-year increase in half year sales to 54,129 million Japanese yen (€373 m). Vision care sales, which represent more than 90 percent of the group’s revenue, were up by 10.9 percent versus 2021. As in previous quarters, the sales’ momentum was driven by the ...
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ArticleStrong stock price variations for eyewear companies in Q3
On a non-weighted average basis, stock prices of publicly listed companies in the eyewear sector went down by 1.3 percent in the quarter to September 30 in an apparent relative recovery from the 17 percent dive reported for the previous quarter. It compares slightly unfavorably with the global MSCI index, ...
