All Menicon articles – Page 2
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News briefs
Menicon vision care sales up double-digit in Q1
Menicon has posted a 10.6 percent year-on-year increase in vision care sales to 25.1 billion Japanese yen (€181m) for the first quarter of its 2022/23 fiscal year. Sales in Japan, which account for close to 75 percent of total revenues, rose by 4.5 percent. Overseas markets once again overperformed, with ...
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ArticleEyewear companies stocks down by 17% in Q2
Contrary to other sectors such as energy, aerospace, defense or agriculture, which saw their stock value increase significantly in the last few months, the eyewear industry was not among the beneficiaries from the move of global money away from investments in Big Tech companies. Indeed, the 23 eyewear public companies ...
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ArticleOrtho-k and overseas market keep driving Menicon
Menicon reported a 16.2 percent year-on-year growth in total revenue for its fiscal year ended March 31, with total net sales reaching 100.2 billion Japanese yen (€743m). The Vision Care division, which accounts for over 90 percent of group revenues, reported a double-digit sales increase, driven by a strong expansion ...
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ArticleSales of contact lenses in Europe rebound slightly over 2019 level
Euromcontact, the European federation of national associations and international contact lens manufacturers, calculated that the market value for soft contact lenses at wholesale level increased by 14.3 percent year-on-year to €1,991 million last year in the 34 countries researched. The list includes mostly European countries but also the U.A.E., Egypt, ...
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ArticleEyewear industry stock prices down 13% in Q1
The first quarter of 2022 was the worst quarter for global equity markets since the first quarter of 2020 when the Covid-19 pandemic started spreading worldwide, leading to travel restrictions and lockdowns and prompting stock markets to collapse in March. Since the start of this year, the U.S. equity market ...
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News briefs
Menicon upgrades FY forecast, builds new plant
Menicon kept growing at a fast pace in the third quarter of its current financial year both on its domestic market and internationally. The group reported a 17.8 percent year-on-year increase in total revenues to 74.7 billion Japanese yen (€570m-$648m), with a 12.5 percent hike in vision care sales that ...
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News briefs
International and ortho-k drive Menicon’s growth
Menicon reported a 16.6 percent year-on-year increase in sales to 48.4 billion Japanese yen (€371m-$425m) for the first six months of the year. As compared to 2019, the Japanese contact lens maker revenues were up by 13.1 percent. Revenues in the Vision Care segment, which accounts for over 90 percent ...
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News briefs
Menicon vision care sales up 17% in Q2
The Japanese contact lens maker Menicon reported a 21.8 percent year-on-year increase in total Q1 revenues to 24,085 Japanese yen (€185.9m-$217.9m). As compared to 2019, sales went up by 16.8 percent. Quarterly revenues in the Vision Care division, which refers to contact lenses and lens care products and represents ...
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ArticleMenicon plans 60% growth by 2025
Celebrating its 70 th anniversary this year, the contact lens specialist Menicon presented last month its midterm business plan and targets during the presentation of its annual financial results. The Japanese group, which said it fell short of realizing its 100 billion yen revenue target ...
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News briefs
FDA approves J&J’s myopia management CL
Johnson Johnson Vision Care announced a few days ago that it has received the approval of the U.S. Food and Drug Administration (FDA) for its ACUVUE Abiliti contact lenses. According to the company, it is the first and currently only myopia management orthokeratology lens that ...
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Article
J&J Vision partners with Menicon in ortho-k lenses
Johnson Johnson Vision Care and Menicon , the Japanese contact lens specialist, announced on April 7 the signature of a global partnership in the field of orthokeratology contact lenses designed to slow the progression of myopia among children. According to the joint statement, Menicon will keep developing ...
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ArticleThe European soft contact lenses’ market decreased by 9% last year
The European wholesale market for soft contact lenses decreased by 9.1 percent year-on-year to €1,376 million in 2020 according to data collected in 13 countries by Euromcontact, the European federation of national associations and international contact lenses manufacturers. The countries included in this research are: Belgium, Luxemburg, Denmark, France, Germany, ...
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ArticleMemberships and international sales up at Menicon
Menicon , the Japanese contact lens specialist, posted last week stable revenues of JPY63.4 billion (€496.3m-$599.8m) for the first three quarters of its current fiscal year, a 0.1 percent increase only from the previous year. Sales of contact lenses and care products went down by 2.5 percent year-on-year to ...
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ArticleEyewear industry stocks grew by 6% in 2020
We are publishing here for the first time our ranking of the main stock-listed eyewear industry companies, based on their stock market capitalization in euros at the end of 2020. The corresponding table also shows the change in market value from the previous year, both in local currency and euros. ...
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News briefs
Mojo Vision partners with Menicon for smart contact lens research
Menicon , the Japanese contact lens company, and Mojo Vision , a Silicon Valley-based tech company have agreed on a joint research partnership for the development of smart contact lenses. Founded in 2015, Mojo Vision has raised over $150 million from various technology investors to develop its augmented reality (AR) ...
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News briefs
Menicon relocates distribution center in Germany
Menicon has moved its European distribution center from Rödermark to another German town, Offenbach. The relocation took place in April, as the relatively recent distribution center in Rödermark (opened in 2018) quickly became too small for the company. The new distributon center is only 25 kilometers from the old ...
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Article
Menicon completes expansion of disposable contact lens factory
Menicon has completed the extension of its production site in Kakamigahara, Japan, where it manufactures daily disposable contact lenses. The investment will enable the company to gradually increase production to over 500 million lenses from 90 million.
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News briefs
Menicon gets new distributor for Italy
Menicon , the Japanese producer of contact lenses, has changed distributors in Italy. On Jan. 31, Menicon dropped Occhio per Occhio for Soleko , an Italian producer and distributor of contact lenses, which it bought in October 2019. When it took over Soleko – through the acquisition of its parent ...
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