fy2014 financial results...fy2014 financial results in this presentation, “fy2014” refers to the...
TRANSCRIPT
FY2014 Financial Results In this presentation, “FY2014” refers to the fiscal year ended March 31, 2015.
April 28, 2015 TOPCON CORPORATION President & CEO Satoshi Hirano
©2015 Topcon Corporation
Update of Mid-Term Business Plan
Ⅲ FY2015 Full Year Plan
Ⅰ FY2014 Financial Results
Ⅱ
1
CONTENTS
Ⅳ Appendix
FY2014 Financial Results
©2015 Topcon Corporation 2
Ⅰ. FY2014 Financial Results
©2015 Topcon Corporation
-7.0
-3.5
0.0
3.5
7.0
10.5
14.0
FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014
80.0
90.0
100.0
110.0
120.0
130.0
FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014
3
(billion yen)
Sales Trends Operating Income Trends
0
Record Sales
128.6 billion yen
Record Operating Income
16.0 billion yen
FY2014 Topic <Record sales and profit>
128.6
: Annual Dividend ¥16 ROE 14.8%
16.0 (billion yen)
Dividend Increase
©2015 Topcon Corporation
[Consolidated] FY2013 FY2014 January 30, 2015
Actual Actual YoY Announcement
Net Sales 116,685 128,569 11,884 110% 130,000
Gross Profit (Gross Profit Ratio)
55,651 (47.7%)
66,269 (51.5%) 10,618 119%
SGA 43,920 50,227 6,306 114%
Operating Income (Operating Income Ratio)
11,730 (10.1%)
16,041 (12.5%) 4,311 137% 16,000
(12.3%)
Non-Operating Expenses -430 -1,161 -731 -
Ordinary Income 11,300 14,880 3,580 132% 14,500
Extraordinary Income (Loss) -747 -1,865 -1,118 - Income Before Income Taxes and Minority Interests 10,552 13,014 2,462 123%
Net Income 5,963 8,670 2,707 145% 8,300
ROE 11.7% 14.8% x1.3 15%
ROIC 7.9% 10.9% x1.4 11%
Dividends per Share ¥10 ¥16 ¥6 ¥16
4
FY2014 Financial Results <Dramatic growth in sales and profit >
(unit: million yen)
©2015 Topcon Corporation
[Consolidated] FY2013 FY2014 January 30, 2015
Actual Actual YoY Announcement
Net Sales
Positioning 48,959 58,672 9,713 120% 57,000 Smart Infrastructure 34,621 33,909 -712 98% 37,000 Eye Care 38,736 41,240 2,504 106% 42,000 Others 6,625 6,558 -67 99% 7,000 Elimination -12,258 -11,812 445 -13,000 Total 116,685 128,569 11,884 110% 130,000
Operating Income
(Operating Income Ratio)
Positioning 4,514 (9.2%)
6,652 (11.3%) 2,138 147% 6,200
(10.9%)
Smart Infrastructure 5,201 (15.0%)
5,965 (17.6%) 764 115% 5,900
(15.9%)
Eye Care 4,003 (10.3%)
5,093 (12.3%) 1,090 127% 5,500
(13.1%)
Others -205 (-3.1%)
163 (2.5%) 368 - 300
(4.3%)
Goodwill Amortization -1,782 -1,833 -51 -1,900
Total 11,730 (10.1%)
16,041 (12.5%) 4,311 137% 16,000
(12.3%)
5
FY2014 Company Financial Results <All companies made significant growth in profit> (unit: million yen)
©2015 Topcon Corporation
FY2013 Actual
FY2014 Actual YoY(%) FY2014
Plan Net Sales 48,959 58,672 120% 57,000
Operating Income (Operating Income Ratio)
4,514 (9.2%)
6,652 (11.3%) 147% 6,200
(10.9%)
6
(unit: million yen)
Review of FY2014 Financial Results
ー Negative factor Stagnant agriculture market (crop price tending down)
Positive factors Up trend in US construction market (YoY120%) IT construction business continues strong growth (YoY128%)
Overview of Each Company <Accelerating penetration of IT Construction >
©2015 Topcon Corporation
Overview of Each Company <Strong sales in Japan and steady sales in US markets>
FY2013 Actual
FY2014 Actual YoY(%) FY2014
Plan Net Sales 34,621 33,909 98% 37,000
Operating Income (Operating Income Ratio)
5,201 (15.0%)
5,965 (17.6%) 115% 5,900
(15.9%)
Review of FY2014 Financial Results
ー Negative factors Temporary decline in Russian market due to International affairs Sluggish South American market due to stagnant economy
Positive factors Active domestic markets for reconstruction and disaster
prevention (YoY115%) Steady US construction market
(unit: million yen)
7
©2015 Topcon Corporation
FY2013 Actual
FY2014 Actual YoY(%) FY2014
Forecast Net Sales 38,736 41,240 106% 42,000
Operating Income (Operating Income Ratio)
4,003 (10.3%)
5,093 (12.3%) 127% 5,500
(13.1%)
Review of FY2014 Financial Results
ー Negative Factor Delay of FDA Approval (US Market)
Positive Factors Significant increase of fundus camera for screening market (YoY290%) Sales growth for European and US market New DRI OCT Triton/ Treatment Laser PASCAL TwinStar contribution to
sales.
8
Overview of Each Company <Stable Europe/US Market & Sales Contribution by New Released Products>
(unit: million yen)
©2015 Topcon Corporation
¥12.6B
FY2013
FY2013
FY2013
FY2013 FY2013
FY2013 FY2014 FY2014
FY2014 FY2014 FY2014
FY2014
・POC: Booming construction market ・ECC: Expanding screening market
・SIC: Robust Japanese market ・ECC: Steady OCT sales
・ECC: Sign of recovery ・SIC: Slow market ・SIC,ECC: Steady sales
¥6.4B ¥12.4B
¥31.2B ¥32.0B ¥27.5B ¥25.0B ¥26.0B ¥28.5B
¥6.5B ¥11.7B ¥12.5B
110% 123% 109%
106% 99% 101%
9
Domestic and Overseas Sales (YoY) <Strong developed countries>
Japan North America
Europe
China Asia/Oceania Others
・ POC=Positioning Company/ SIC=Smart Infrastructure Company/ ECC=Eye Care Company ・ Net sales of “Others” are excluded from figures above.
©2015 Topcon Corporation 10
Ⅱ. Update of Mid-Term Business Plan
©2015 Topcon Corporation
Formulating Policy of Mid-term Business Plan <Change from rolling-plan into fixed-plan>
<Our new method> Fixed-Plan
11
<Our conventional method> Rolling-Plan
Rolling system every year to adapt to changes in the business environment Fix the target of 3 years in Mid-term
Plan period and aim to achieve the goal
FY10 FY11 FY12 FY13 FY14 FY15
MT Plan 2012
2010-2012
MT Plan 2013
2011-2013
MT Plan 2014
2012-2014
MT Plan 2015
2013-2015
FY13 FY14 FY15 FY16 FY17 FY18
First Mid-term Business
Plan
2013-2015 Fixed plan for 3 years
Second Mid-term Business
Plan
2016-2018 Fixed plan for 3 years
To be released on
April 2016
Purpose
Change
More emphasize on Mid-term Business Plan
©2015 Topcon Corporation
Accelerate Growth Strategy Aim to become a true Global Top!
Profitable and sustainable growth by creativity
Targeting ROE 20%!
Launch disruptive strategic products
Enhance new business and strengthen core
business
Utilize global human resources
12
Looking back on the First Mid-Term Business Plan
Strategy 1 Strategy 2 Strategy 3
©2015 Topcon Corporation
Revolution of Construction Industry
Improve productivity and quality by introduction of IT
Infrastructure Building
Topcon’s Business Domain
Expanding business in growing fields
Total solutions for increasing eye diseases caused by aging society, and
reduce medical cost
POC
SIC
POC
ECC
SIC
Evaluation of deteriorated infrastructure Reduce maintenance cost by IT
GPS (QZSS)
13
Improve profitability and efficiency by introduction of IT
Revolution of Agriculture Industry
Improve productivity and quality by introduction of IT
Smart Sensing of Aging Infrastructure
Ophthalmology
©2015 Topcon Corporation
3D Machine Control
By automating equipment, the construction sites are seeing improved productivity, solved labor shortages and lowered costs
3D Machine Control = IT Automated Construction
Automated Construction!
POC Business Background - The growing IT construction market
14
Automobile 100+ Trillion
JPY
Construction 600+ Trillion JPY
Automobile vs. Construction Market comparison
Not automated, even though the
market size is SIX TIMES
size of automobile industry
GNSS
Revolutionary
©2015 Topcon Corporation
The need to industrialize agriculture
POC Business Background - The growing IT AG market
Automated AG
15
Global population increase
㎡ 100M
50
60
70
80
1,800
2,000
2,200
2,400
2,600
2,800
1996 2015 2030
Decrease in arable land per capita
Global Food Shortage
Improved productivity by IT
Global Population
Arable land per capita GNSS
GNSS
Issue
Solution
Revolutionary
©2015 Topcon Corporation
Shortening work
period
Shortage of
engineers
Cost reduction
Challenges for constructors at growing phase
16
SIC Business Background - Global expansion in construction investment
©2015 Topcon Corporation
Maintenance business is growing rapidly
Japanese market size for maintenance management business in 2020: 12 trillion yen
Cost reduction
Decreasing inspection
time
Risk visualization
Challenges in maintenance management business
17
SIC Business Background - Business for aging infrastructure
Ratio of infrastructures built in 50 years or more
2020 26%
2030 53%
2010 8%
Road bridge (15m length or more)
Sewer River facilities (water gate, etc.)
Harbor quay wall
(Source: Ministry of Land)
2% 7%
19% 23%
37%
60%
53%
25%
5%
©2015 Topcon Corporation
Expand Business Field
Preventive Medicine / Physical check-up
Treatment/ Prognostic
Management Examination Diagnostic
Expansion of Business Field
Current Business Field
Ophthalmic IT
18
Sharing data with Cloud System and providing regional Medical cooperation service
ECC Expansion of Business Domain - Strengthen preventive medicine and treatment segment by enhancing the strong competitive position of examination/diagnosis segment
©2015 Topcon Corporation
0
100
200
300
400
2012 2013 2020
World population Under 15 y (Ratio of population) Over 65 y (Ratio of population)
(Unit: Million people)
Source the authority: United Nations Report
(unit: Million people)
Diabetic Retinopathy AMD Glaucoma
87 90
110
127 131 161
74 75 80
Source the authority: Market Scope and Topcon’s estimation
19
(Global)
ECC Business Background - Progress in ageing society/Increase 3 major ophthalmic diseases
©2015 Topcon Corporation
0.0
5.0
10.0
15.0
20.0
25.0
0.0
10.0
20.0
FY2012 FY2013 FY2014 FY2015
20
60.0
80.0
100.0
120.0
140.0
FY2012 FY2013 FY2014 FY2015
97.3
5.2
11.7
132
110
120
11.5
16.0
110% 120% 137% 225%
Result Result Plan
22.0
0
First Mid-term Business Plan YoY Growth Ratio
Clear
Clear Clear
116.7 16.0 128.6
(%)
1.3%
11.7%
14.8%
20.0%
Sales Trends Operating Income and ROE Trends
Update of First Mid-term Business Plan <Both sales and profit achieved the targets>
Result Result Plan Plan Plan Plan Plan Result Result
First Mid-term Business Plan
Clear (billion yen) (billion yen)
©2015 Topcon Corporation
Update of First Mid-term Business Plan <Investment plan>
21
Investment for growth strategy (unit: billion yen)
Consolidated FY2013 FY2014 FY2015
Plan
R&D
(R&D to Sales ratio)
9.2 (8%)
10.7 (8%)
12.0 (8%)
CAPEX 3.7 5.1 8.0
Investment 0.2 3.6 20.0
©2015 Topcon Corporation 22
Ⅲ. FY2015 Full Year Plan
©2015 Topcon Corporation
*According to change in Japanese Accounting Standards, the former Net Income will be shown as "Profit (loss) attributable to owners of parent" on financial statements which start from April 1st, 2015.
FY2015 Full Year Plan
23
[Consolidated]
FY2014 FY2015 1H Full Year 1H Full Year
Actual Actual Plan YoY (%)
Plan YoY (%)
Net Sales 59,402 128,569 67,000 113% 150,000 117%
Operating Income (Operating Income Ratio)
5,905 (9.9%)
16,041 (12.5%)
7,500 (11.2%)
127% 22,000 (14.7%)
137%
Ordinary Income 5,640 14,880 6,800 121% 20,500 138%
Net Income* 3,489 8,670 4,100 118% 12,800 148%
ROE 14.8% 20%
ROIC 10.9% 15%
Dividends ¥8 ¥16 ¥12 ¥24
Exchange Rate
(Average)
US$ ¥103.51 ¥110.03 ¥115 ¥115
EUR ¥139.07 ¥138.68 ¥130 ¥130
(unit: million yen)
©2015 Topcon Corporation 24
[Consolidated] FY2014 FY2015
1H Full Year 1H Full Year
Actual Actual Plan YoY (%) Plan YoY (%)
Net Sales
Positioning 27,383 58,672 35,000 128% 74,000 126%
Smart Infrastructure 15,639 33,909 17,000 109% 41,000 121%
Eye Care 18,582 41,240 20,000 108% 46,000 112%
Others 3,493 6,558 2,500 72% 5,000 76%
Elimination -5,697 -11,812 -7,500 -16,000
Total 59,402 128,569 67,000 113% 150,000 117%
Operating Income
(Operating Income Ratio)
Positioning 2,929 (10.7%)
6,652 (11.3%)
4,500 (12.9%) 154% 10,500
(14.2%) 158%
Smart Infrastructure 2,242 (14.3%)
5,965 (17.6%)
2,000 (11.8%) 89% 7,000
(17.1%) 117%
Eye Care 1,462 (7.9%)
5,093 (12.3%)
2,000 (10.0%) 137% 6,500
(14.1%) 128%
Others 136 (3.9%)
163 (2.5%)
200 (8.0%) 147% 400
(8.0%) 245%
Goodwill Amortization -866 -1,833 -1,200 -2,400
Total 5,905 (9.9%)
16,041 (12.5%)
7,500 (11.2%) 127% 22,000
(14.7%) 137%
FY2015 Company Full Year Plan (unit: million yen)
©2015 Topcon Corporation
1. Positioning Company
25
■ Reinforcing the IT agriculture sales (Investment and Synergy effect) Sales expansion in growing American market ■
■ Expand the IT construction sales in global market (Investment and Synergy effect)
Strategic Plans by Company <Expanding business by strategic investment>
NA Construction Investment amount
■ Stagnant agriculture market (crop supply caused by over-production) Challenge
Dodge Construction Index
0.0
2.0
4.0
6.0
8.0
10.0
0
20
40
60
80
FY11 FY12 FY13 FY14 FY15 Plan
4.5
1.4
6.7
10.5 Net Sales Operating Income
Focused Strategy
Net Sales (billion yen)
Operating Income (billion yen)
©2015 Topcon Corporation
Sales Transition of Topcon IT Agriculture Business (Global basis)
2008 2012 2018
26
2015 Plan
Investment in the new field
IT Agriculture Business <IT Agriculture market trend>
・ Huge potential in Agriculture market ・ Expand the business through investment in the new field
Cereal production, utilization, and stock
Utilization
Stock
Production
©2015 Topcon Corporation
Reinforcing IT Agriculture <Acquisition of Digi-Star>
U.S.A. 16.0 billion yen
Investment
Field AG Cycle
Integrated Enterprise Solution
27
©2015 Topcon Corporation
with GPS Technology
with measuring sensor technology
Integration! Integration!
28
Planning Planting Growing Harvesting
Livestock Weighing
Nutrient
Moisture
Feed Mixing
Hay & Forage
Feed Inventory
ERP ERP
Reinforcing IT Agriculture <Acquisition Digi-Star>
©2015 Topcon Corporation
2008 2012 2018
Penetration of IT Construction by Machine
Excavator
Dozer Not installed Installed
2015 Plan
・ Growth steadily in IT Construction Business
・ Sales enhancement in the potential market
29
Ref. Page 14 “ICT Construction Industry”
IT Construction Business <Expand sales in global market>
Sales Transition of Topcon IT Construction Business
(Global basis)
©2015 Topcon Corporation 30
・Cost reduction and quality improvement by in-house manufacturing ・Expand the OEM business
Business Development & manufacturing of Console for heavy machinery
Acquisition
IT Construction Business/ IT Agriculture Business <Expanding business by strategic investment >
©2015 Topcon Corporation
GPS
MC & AG*
* MC=Machine Control AG=IT Agriculture
Apr March Jan 2015 2016
Jul Oct
31
New Product Launch <Market revitalization with revolutionary new products>
GCX2 Revolutionary GNSS receiver
NET-G5 448 Channels
QZSS・Beidou Compatible
C-63 Compaction Management System w/ Temperature sensor
©2015 Topcon Corporation
Strategic Plans by Company <Expand business by active Japanese market and steady US market>
2. Smart Infrastructure Company
(FY2013)
Global Construction demand Social Infrastructure Investment Total: 265 trillion yen
Source: Cabinet Office, Government Of Japan data、 Bloomberg, Nikkei Inc, etc
Source: Yano Research Institute Ltd.
・Focus on active Japanese market Launching new products for IT construction ・Focus on steady US market Launching high value added products ・Capture increasing demands in Infrastructure Expand applicable usage of LN-100
Capture demands for Infrastructure Maintenance Develop and expand new business field ■
Challenge
Focused Strategy
■ Recovering delay in developing new business (Rapid diagnosing system for Infrastructure, BIM)
■ Strengthen core business
0.0
2.0
4.0
6.0
8.0
10.0
0
20
40
60
80
FY11 FY12 FY13 FY14 FY15 Plan
5.2 4.1
Net Sales Operating Income
6.0 7.0
Net Sales (billion yen)
Operating Income (billion yen)
32
©2015 Topcon Corporation
0
1
2
3
4
5
6
7
2012 2013 2014
Private Sectors Public Sectors
Use Advantage of high market share and strong sales network to attain the construction demand
Shorten Construction
Period
Increasing Demands for IT Construction Products
Labor Shortage
High Demands for Reconstruction
Provides Solution System
Topcon Sales in Japan (Trillion Yen)
Construction Investment in Tohoku Region
Strengthen Core Business <Focus on active Japanese market>
33
©2015 Topcon Corporation
(ten thousand)
2007 2008 2009 2010 2011 2012 2013 2014 2015
Source: United States Bureau of the Census
2012 2013 2014 2015
Strengthen Core Business <Focus on Steady US Market>
Increase Profit
Maximum Results with Minimum Investment
Improve Efficiency
Steady Investment for Construction
Topcon Sales in US
US Housing Starts (ten thousand)
Provides Solution System
Laser Scanner High-end Total Station
Mobile Mapping System
Millimeter GPS
Provide improved efficiency with competitive & differentiating solutions
34
©2015 Topcon Corporation
Strengthen Core Business <Capture increasing demands in infrastructure constructions>
Labor saving
Resolve shortage of Engineers
Improve Efficiency
・BIM ・Civil engineering / Building ・Topographic survey ・Archeological survey
Accelerating demands for Infra-construction
CAGR:3.20%
Layout Navigator LN-100
Source: Yano Research Institute Ltd.
Easy Operation
(trillion yen)
Provides Solution System
Enhance application software to cover various construction works
Enhance range of applications software
World investment for infrastructures
LN-100 sales
35
©2015 Topcon Corporation
Maintenance business sales
Expanding demands for efficient inspection systems
Maintenance Cost increases
Entering to Infra-maintenance business with advanced solutions
maintenance and operation cost
Source :Japan MLIT
Mobile Mapping System
Rapid diagnosing system for Infra degradation
Provides Solution System
Risk visualization
Cost reduction
Increasing social maintenance cost
Source :Japan MLIT
(Trillion Yen)
x2
Capture Demands for Infrastructure Maintenance <Develop and expand new business field>
36
©2015 Topcon Corporation
IP-S3
MS1005/NET1005
GPT-3500 TKS-400R
TP-L5
Image Master UAS
DS-200i
3D Measurement and others
Total Stations and others
Apr Mar Jan 2015 2016
Jul Oct
New Product Launch <Strengthen high value added products>
37
©2015 Topcon Corporation
3. Eye Care Company
Sales growth in the screening and treatment market ■
■
Source: United Nations Report
■
Sales growth of Premium OCT Triton with additional function for the support of clinical and R&D New IMAGEnet 6 Integral (cloud capable filing system) launch
38
Approval of FDA Application in US Market ■
Focus of application for FDA approvals ■
Strategic Plans by Company <Strengthening the core business>
Challenge
Focused Strategy
0.0
2.0
4.0
6.0
8.0
10.0
0
20
40
60
80
FY11 FY12 FY13 FY14 FY15 Plan
4.0 1.6
5.1 6.5
Net Sales Operating Income
Net Sales (billion yen)
Operating Income (billion yen)
(Global)
©2015 Topcon Corporation
FY2013 FY2014 FY2015
Sales Growth by Premium OCT Triton Launch <Product series expansion>
FY2015 More Sales Growth
Strong Sales After
Launch! Triton
FY2015 Plan
39
3D OCT Series Sales Transition
©2015 Topcon Corporation
Triton’s Enhanced Clinical Functions <Sales acceleration of flagship OCT>
From invisible to visible! More easily of detection of varied eye disease!
Visible of blood vessel without contrast dye Mitigating patient’s load at the retinal disorder* examination.
Color Fundus Image OCT Angiography
① OCT Angiography ② Dynamic Focus
*Retinopathy of diabetes, Age-related macular degeneration etc…
NEW NEW
More beneficial functions for early detection of Eye Disease
40
Triton Dynamic Focus
Conventional OCT Image
Wider crispy retinal X-section image
Early Detection Early Treatment
Reduction of Runaway Medical Expense
©2015 Topcon Corporation
Remote Screening System with Cloud Application!
Easy capturing fundus camera
Operating with only one finger OCT
NEW
Solution of doctor shortage and patient’s increase by aging of population!
Supporting to provide high quality service for remote locations.
41
Expansion of Screening Business <Preventive/ prognostic management system>
©2015 Topcon Corporation
①Capture at Remote Clinic
③Receiving Diagnostic Result
Flow of Examination through Cloud Application
Easy Operative OCT
②Examination at the Large-Scale Hospital
Transfer the image thru Cloud Local Clinic
Large Scale Hospital
Local Clinic
Transfer back to local clinic thru Cloud
Expanding Practice for Easy Operative OCT and Easy Capturing Fundus Camera
Sales Growth of Screening System
42
Expansion of Screening Business <Preventive/ prognostic management system>
©2015 Topcon Corporation
FY2013 FY2014 FY2015FY2013 FY2014 FY2015 FY2013 FY2014 FY2015
Sales Growth for Screening and Treatment Product Market <Sales transition & progress>
FY2014
Streamline &
New Synthesis (TwinStar)
FY2013 FY2014
Aladdin
FY2013 FY2014 FY2015 Plan
TRC-NW300 & NW400
FY2013 FY2015 Plan FY2015 Plan
43
Global Sales Transition (qty) Screening Treatment Product Preoperative Machine for
Cataract Surgery (Biometer) Full Auto
Easy-To-Operate, Full Auto Function Fundus Camera
Easy-To-Operate to measure
corneal shape, axial length
Multi-Colored Laser One machine for variety of ocular
disease
©2015 Topcon Corporation
Improving Plan of FDA Approvals <FY2015 Strengthening the company structure>
SL-D701
TRC-NW400
ALADDIN TRC-NW8F Plus
FY2014 FDA Approval Result
Further Strengthening Plan…
Alliance with the Top Level Law Firm in US.
Enhancing the Regulatory Team in US by Additional Staffs
FY2015 Plan
Targeting Major Strategic Products 5 items Priority for 3D OCT-1 Maestro!
4 Products 5 Products
44
©2015 Topcon Corporation
Examination/Diagnosis
FDA Approval (Forecast)
Triton
IMAGEnet 6 Integral
45
Apr Jul Mar Oct Jan 2015 2016
New Product Launch <To be released in FY2015>
©2015 Topcon Corporation
We will strive to increase the corporate value to reach the target of ROE20% in FY2015
We will accelerate revenue growth and high profitability while we
implement our growth strategy
Summary
46
©2015 Topcon Corporation
Appendix Ⅳ.
47
©2015 Topcon Corporation
6.8
9.1 7.5
11.2
6.8
8.9 7.6
10.6
0.4
1.5
0.9
2.3
0.8
1.4 1.0
2.8
0.0
0.5
1.0
1.5
2.0
2.5
3.0
0.0
5.0
10.0
FY13/1Q 2Q 3Q 4Q FY14/1Q 2Q 3Q 4Q
Net SalesOperating Income
Net Sales (billion yen) Operating Income (billion yen)
7.5
9.6
9.1
12.6
7.9
10.7 10.4 12.2
0.02 1.2
0.8
2.0
0.3
1.2
1.0
2.6
0.0
0.5
1.0
1.5
2.0
2.5
3.0
0.0
5.0
10.0
FY13/1Q 2Q 3Q 4Q FY14/1Q 2Q 3Q 4Q
Net SalesOperating Income
Net Sales (billion yen)
10.7 11.7 10.8
15.8
13.0 14.3
12.3
19.1
0.8 1.1
0.4
2.3
1.2
1.8
0.5
3.2
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
0.0
5.0
10.0
15.0
20.0
FY13/1Q 2Q 3Q 4Q FY14/1Q 2Q 3Q 4Q
Net SalesOperating Income
Net Sales (billion yen) Operating Income (billion yen)
24.1 28.7 26.5
37.4
26.4
33.0 29.2
39.9
0.7 3.4
1.6
6.0
1.7
4.2
2.1
8.1
0.0
2.0
4.0
6.0
8.0
0.0
10.0
20.0
30.0
40.0
FY13/1Q 2Q 3Q 4Q FY14/1Q 2Q 3Q 4Q
Net SalesOperating Income
Net Sales (billion yen) Operating Income (billion yen)
Operating Income (billion yen)
48
Financial Results (Quarterly) 1. Consolidated 2. Positioning
3. Smart Infrastructure 4. Eye Care
©2015 Topcon Corporation
52.8 63.9 59.4
69.2 67.0
83.0
4.1
7.6 5.9
10.1
7.5
14.5
0.0
5.0
10.0
15.0
20.0
0.0
20.0
40.0
60.0
80.0
100.0
FY13/1H FY13/2H FY14/1H FY14/2H FY15/1H FY15/2H
Net SalesOperating Income
15.9 18.7
15.6 18.3 17.0
24.0
2.0
3.2
2.2
3.7
2.0
5.0
0.0
2.0
4.0
6.0
0.0
10.0
20.0
FY13/1H FY13/2H FY14/1H FY14/2H FY15/1H FY15/2H
Net SalesOperating Income
22.4 26.6 27.4
31.3 35.0 39.0
1.8 2.7 2.9
3.7 4.5
6.0
0.0
2.0
4.0
6.0
8.0
0.0
10.0
20.0
30.0
40.0
FY13/1H FY13/2H FY14/1H FY14/2H FY15/1H FY15/2H
Net SalesOperating Income
17.1 21.7
18.6 22.7
20.0
26.0
1.3
2.8
1.5
3.7
2.0
4.5
0.0
2.0
4.0
6.0
0.0
10.0
20.0
30.0
FY13/1H FY13/2H FY14/1H FY14/2H FY15/1H FY15/2H
Net SalesOperating Income
49
Financial Results and Forecast (Semiannually) 1. Consolidated 2. Positioning
3. Smart Infrastructure 4. Eye Care
Net Sales (billion yen) Operating Income (billion yen) Net Sales (billion yen) Operating Income (billion yen)
Net Sales (billion yen) Operating Income (billion yen) Net Sales (billion yen) Operating Income (billion yen)
©2015 Topcon Corporation
These materials contain forward-looking statements, including projections of future operating performance. Such statements are based on management’s best judgment, given the materials available to them at the time these statements are made. However, please be aware that actual performance may differ from projected figures owing to unexpected changes in the economic environment in which we operate, as well as to market fluctuations. The original disclosure in Japanese was released on April 28, 2015 at 17:00(UTC+9).
Inquiries: General Administration & Legal Div. Public & Investor Relations Dept. TOPCON CORPORATION Tel: +81-3-3558-2532 E-mail: [email protected] URL: http://global.topcon.com/invest/
Cautionary Note regarding Forward-Looking Statements