HOYA GLASS DISK VIETNAM LTD

HOYA GLASS DISK VIETNAM LTD (Vietnamese: CÔNG TY TNHH HOYA GLASS DISK VIỆT NAM) is a wholly foreign-owned enterprise under Business ID and Tax Code 0101579263. The company, headquartered in Area J-3&4, Thang Long Industrial Park, Vong La Commune, Dong Anh District, Hanoi, was established on July 11, 2008, and operates as a limited liability company. It is 100% owned by HOYA HOLDINGS (ASIA) B.V., based in the Netherlands, and currently employs approximately 6,500 staff members. The General Director is Mr. Nguyen Tien Duong, a Vietnamese national.

Specializing in the manufacture and processing of glass disks for hard drives, the company plays a key role in the global data storage supply chain. For several years, HOYA GLASS DISK VIETNAM LTD maintained a strong upward financial trajectory. However, in the fiscal year ending March 31, 2023, the company experienced a sharp financial downturn across all major indicators.

Total assets dropped by 36.43%, from USD 259.41 million in 2022 to USD 164.91 million in 2023. Similarly, owner’s equity declined by 36.64%, falling to USD 141.59 million. These decreases were mirrored in revenue and profit. Sales plummeted by 39.88%, landing at USD 227.73 million, while net profit dropped by 40.2% to USD 123.04 million, down from USD 205.74 million the year before.

The financial contraction in 2023 follows two years of steady growth between 2021 and 2022. This recent decline may indicate declining demand in the hard drive sector, increased input costs, a global tech market slowdown, or internal operational inefficiencies. The sudden scale of reductions across all key metrics is significant and should prompt careful evaluation from potential partners or suppliers.

Despite these declines, the company remains profitable, with a net margin of approximately 54% in 2023. The firm also holds USD 121.94 million in working capital, indicating short-term liquidity remains intact. The charter capital stands at USD 20 million, while paid-up capital is approximately USD 13 million, revealing a partial capital commitment gap that may or may not reflect internal financing arrangements from its parent company.

While the company is operational and financially profitable, the drastic year-over-year declines suggest that business stability and demand outlook should be critically assessed before entering into new commercial relationships. Up-to-date financial reviews and risk mitigation planning should back any long-term contract or large-scale supply engagement.

For companies or investors seeking a deeper understanding of HOYA GLASS DISK VIETNAM LTD, including litigation history, director screening, and financial health, VANGUARD BUSINESS INFORMATION LLC (VBI)offers comprehensive business verification and risk management services. VBI provides tools such as credit assessments, historical financial trend reports, and business risk alerts to help stakeholders make informed and confident decisions.