FY2012 Financial Results - Topcon · FY2012 Financial Results Net sales by each segment is based on the figures before elimination between each segment Operating income of each segment

©2013 Topcon Corporation

FY2012 Financial Results April 26, 2013 TOPCON CORPORATION President Norio Uchida

In this presentation, “FY2012”refers to the year ended March 31, 2013.


Ⅱ FY2013 Full Year Plan

Ⅰ FY2012 Financial Results

Net sales by each segment is based on the figures before elimination between each segment Operating income of each segment is based on the figures before amortization of goodwill Due to the changes above, our financial targets for FY2012 announced on January 31, 2013 was revised

Ⅲ Appendix

1

FY2012 Financial Results

CONTENTS

Please note;

©2013 Topcon Corporation 2

I. FY2012 Financial Results ・Reform is complete ・FY2012 Financial Results


112.7

94.9 102.5 98.8 97.3

1.4 1.8

2.1

5.2

(1.0)

0.0

1.0

2.0

3.0

4.0

5.0

6.0

0

60

120

FY2008 FY2009 FY2010 FY2011 FY2012

Net Sales

OperatingIncome

98 5

-

3

FY2008 FY2009 FY2010 FY2011 FY2012

～～ (6.9) (7.0)

～～

Outcome of Reform （Financial Results)

Net Sales (billion yen)

Operating Income (billion yen)

Net Sales

Operating Income Achieved

FY2012 Forecast (billion yen)


Operational resilience was enhanced

4

Reform is normalized

Reform is complete

Reform is complete by the end of FY2012


Outcome of Reform (Fixed-cost and COGS reduction)

Voluntarily retirement Integration of domestic plant Selection and concentration of former Finetech business

：126 personnel ：6 plants → 3 plants ：20 business → 3 business

Fixed-cost Reduction

COGS reduction

Total

Mid-term Business Plan 2013

FY2011 Actual （A）

FY2012 Actual （B） Total （A+B）

¥2.5

¥7.5

¥2.3

¥3.4

¥5.7 ¥10.0

Standardization of product platform COGS reduction

Fixed-cost Reduction

5

¥4.9

¥6.3

¥11.2

¥2.6

¥2.9

¥5.5

Selection of supplies ：COGS reduced from 25% to 30%

：Suppliers were narrowed down from 1,600 by 380

(unit: billion yen) Three-year reform plan, ¥10 billion cost cut, is complete in two years


0

100

200

300

2010/42011/42012/42013/4

6

FY2013 April FY2010 April

21% 40%

Optimization of organization

3 business units 3 in-house companies

FBU EBU PBU EBU PBU Corporate Strategy Div. ECC SIC POC

TOPCON

TPS

TOPCON

<April, 2012> Selection and concentration → downsized former FBU

<June, 2012> Transformed to 3 in-house companies

FBU – Finetech Business Unit EBU – Eye Care Business Unit PBU – Positioning Business Unit

ECC – Eye Care Company SIC – Smart Infrastructure Company POC – Positioning Company

TOPCON

Outcome of Reform (Organizational Change)

Number of managers and experts was reduced by half

Number of departments & sections at headquarter was reduced by half


New Product Launch （Results for FY2012） (unit: models)

Company FY2009 - FY2011 FY2012

Actual Plan Actual

Smart Infrastructure

15 6 8

Positioning 10 11

Eye Care 7 10 9

Total 22 26 28

Refined our core technologies in the past 2 years

All employees understood the importance of having technological strength and craftsmanship, and all of them are striving for the same goal

→ Built up the foundation for launch of world’s first, world’s No.1 and disruptively innovative products by enhancing new business

Outcome of Enhancement (New Product Launch)


Outcome of Enhancement (Improvement of Efficiency)

Improvement of efficiency

FY2009 （A） FY2012 （B）（B）/（A）

Sales of new products / per engineer 37.2 75.6 203% Output / per manufacturing staff 33.0 40.6 123% Sales / per full-time employee 22.8 32.5 143%

(unit: million yen)


Capital increase by equity finance (March, 2013)

Amount ： approx. ¥12.6 billion Purpose of funding ： Investment in R&D for next 3 years

Company Amount (billion yen) Purpose

Smart Infrastructure 3.0 R&D for 3D measurement and new type of

Total Station

Positioning 5.0 R&D for Precision Agriculture, Machine Control Systems

Eye Care 3.0 R&D for Treatment of business and fundus imaging business

Others 1.6 For other R&D

Total 12.6

We will efficiently invest in research and product development

9

Overview of Equity Finance


Summary

What we accomplished in the past 2 years (originally, it was 3 years plan)

10

Achieved FY2012 targets

Achieved FY2012 operating income, ordinary income and net income targets. → generated “Commit and Achieve” culture in Topcon

Generated profits by implementation of “Reform*”

Achieved cost cut ¥11.2 billion, fixed-cost and COGS reduction, in 2 years

Increased capital through equity financing for next business growth

Raised funds for R&D for the next 3 years, and improved financial condition

Enhanced business management to global standard level

Enhanced management level and execution speed to global standard level

*Organizational restructuring


Aiming to be more profitable company! Targeting ROE20%

Our Future Goals

Strengthening “Technological strength” and

“craftsmanship”

Promoting human

resources development ＋

Developing disruptive products

Entering into new

business fields

+ + +

Speedy execution

Commit and

achieve

Seeking business alliance

opportunities +

11

Aim to be a global top-ranking excellent company (sustainable profitable growth)


Ⅰ. FY2012 Financial Results ・Reform is complete ・FY2012 Financial Results


[Consolidated] FY2011 FY2012 Jan 31, 2013

Actual Actual YoY Announcement

Net Sales 98,834 97,345 (1,489) 98,000 Gross profit (Gross Profit Ratio)

38,118 （38.6%）

42,828 （44.0%） 4,710

SGA 36,037 37,613 1,576

Operating Income (Operating Income Ratio)

2,080 （2.1%）

5,214 （5.4%） 3,134 5,000

（5.1%） Non-Operating Expenses (1,613) (1,743) (130) Ordinary Income 467 3,471 3,004 3,200 Extraordinary Income (Loss) (5,076) (1,444) 3,632 Income (loss) Before Income Taxes and Minority Interests (4,608) 2,027 6,635 Net Income (Loss) (3,686) 511 4,197 500 ROE (10.6%) 1.3％ 1.6% ROIC 1.6% 3.8％ 4.5% Dividends（¥） ¥4 ¥6 ¥6

13

（unit: million yen）

FY2012 Business Results (Consolidated)


[Consolidated] FY2011 FY2012 Jan 31, 2013

Actual Actual YoY Announcement

Net Sales

Smart Infrastructure 28,221 29,839 1,618 29,000 Positioning 34,241 37,824 3,583 35,000 Eye Care 32,598 31,073 (1,525) 33,000 Others 13,579 9,262 (4,317) 11,000 Elimination (9,806) (10,653) (10,000) Total 98,834 97,345 (1,489) 98,000

Operating Income (Operating

Income Ratio)

Smart Infrastructure 2,476 （8.8%）

4,126 (13.8%)

1,650 3,100 （10.7%）

Positioning 507 （1.5%）

1,413 （3.7%）

906 1,400 （4.0%）

Eye Care 1,872 （5.7%）

1,563 （5.0%）

(309) 2,100 （6.4%）

Others (1,115)

（△ 8.2%） (269)

(△2.9%) 846 0

（0%）

Goodwill Amortization (1,660) (1,618) (1,600)

Total 2,080 （2.1%）

5,214 （5.4%）

3,134 5,000 （5.1%）

14

FY2012 Business Results by Segment （unit: million yen）


2.1

0.41.9

2.9

(1.1) (1.0)

3.1

5.2Results

for FY2011

Exchange Fluctuations

Reduction of Fixed Cost

Reduction of COGS

Sales Price Down

Change in Sales, Change

in Sales Mix etc

Total Amountof Gain and

Loss Factors

Resultsfor FY2012

(unit: billion yen)

(codes are based on gain and loss)

[Consolidated]

Personnel reduction : +¥2.6 billionInvestment in development and sales promotion:

(¥0.7 billion)

FY2011Actual

FY2012Actual

15

Analysis of Gain and Loss in Operating Income (YoY)


Exchange rate in FY2012 Total Amount of Impact

Assumed Rate Average Exchange Rate Net Sales Operating

Income

ＵＳ＄ ¥80 ¥83.23 ￥1.8 billion ¥0.6 billion

ＥＵＲ ¥110 ¥107.57 (¥0.5) billion (¥0.2)billion

Total ¥1.3 billion ¥0.4 billion

16

FY2012 Impact from Currency Exchange （Compared with Original Plan)

*Exchange rate at the end of the FY2011

*Average exchange rate for 2011

：（US＄）¥82.19 （EUR）¥109.80

：（US＄）¥79.30 （EUR）¥110.17


Domestic and Overseas Sales (YoY)

(unit: million yen)

[Consolidated]

FY2011 FY2012 FY2012

Sales Composition by Area Actual Actual YoY (%)

Japan 24,884 24,634 99％＊

North America 18,730 20,137 108％

Europe 22,994 21,207 92％

China 9,455 7,799 82％

Asia/ Oceania/ Others

22,769 23,566 104％

Total 98,834 97,345 98％

Japan 25％

Europe 22％

North America

21％

China 8％

Asia/ Oceania/

Others 24％

17

＊excluding impact of change in foreign exchange rates and former Finetech Business : 114％


II. FY2013 Full Year Plan

・FY2013 Full Year Plan

・Plans for Enhancement


[Consolidated]

FY2012 FY2013 1H Full Year 1H Full Year

Actual Actual Forecast YoY(%) Forecast YoY(%)

Net Sales 46,121 97,345 52,000 113% 110,000 113%

Operating Income (Operating Income Ratio)

1,505（3.3％）

5,214 （5.4％）

3,500 （6.7％）

233% 11,500 （10.5％）

221%

Ordinary Income 486 3,471 2,800 576% 10,000 288% Net Income (Loss) (1,221) 511 1,200 5,000 978%

ROE 1.3% 10.3%

ROIC 3.8% 9.5%

Dividends（¥） ¥2 ¥6 ¥5 ¥10

Exchange Rate

(Average)

US$ ¥79.43 ¥83.23 ¥90 ¥90 EUR ¥101.12 ¥107.57 ¥120 ¥120

19

Full Year Business Forecast (unit: million yen)


[Consolidated] FY2012 FY2013

1H Full Year 1H Full Year

Actual Actual Forecast YoY(%) Forecast YoY(%)

Net Sales

Smart Infrastructure 13,734 29,839 15,000 109% 33,000 111%

Positioning 17,437 37,824 21,000 120% 43,000 114%

Eye Care 14,478 31,073 18,000 124% 38,000 122%

Others 5,728 9,262 3,000 52% 7,000 76%

Elimination (5,256) (10,653) (5,000) (11,000)

Total 46,121 97,345 52,000 113% 110,000 113%

Operating Income

(Operating Income Ratio)


1,472 （10.7%）

4,126 （13.8%）

1,600 （10.7%） 109% 4,800

（14.5%） 116%

Positioning 538 （3.1%）

1,413 （3.7%）

1,500 （7.1%） 279% 4,000

（9.3%） 283%

Eye Care 483 （3.3%）

1,563 （5.0%）

1,200 （6.7%） 248% 4,200

（11.1%） 269%

Others (219) （△ 3.8%）

(269) （△2.9%）

0 （0%）

100 （1.4%）

Goodwill Amortization (769) (1,618) (800) (1,600)

Total 1,505 （3.3%）

5,214 （5.4%）

3,500 （6.7%） 233% 11,500

（10.5%） 221%

20

Business Forecast by Segment (unit: million yen)


5.22.5

(2.0)

2.60.2

3.06.3

11.5Results for

FY2012

Exchange Fluctuations

Increase of Fixed Cost

Reduction of COGS

Sales Price Down,Product Mix

Change in Sales

Total Amount of Gain and

Loss Factors

Forecast for FY2013

(unit: billion yen)

[Consolidated ]FY2012Actual

FY2013Forecast

(codes are based on gain and loss)

Outcome of Reform: +¥1.4 billionInvestment for "Enhancement": (¥3.4) billion

21

Forecast of Gain and Loss in Operating Income (YoY)


II. FY2013 Full Year Plan

・FY2013 Full Year Plan

・ Plans for Enhancement


(unit: models)

Company FY2013

FY2013 1H Plan FY2013 2H Plan Full-year Plan

Smart Infrastructure 6 4 10 Positioning 10 9 19

Eye Care 4 6 10 Total 20 19 39

New Product Launch

23


Company New Business Field Growth Rate Growth Rate

FY2011→FY2012 Actual

FY2012→FY2013 Plan

Smart Infrastructure 3D measurement 140% 250%

Positioning

Machine Control 110% 125%

Precision Agriculture 130% 140%

Eye Care Treatment Device ･IT 120% 150%

Strengthen New Business Field (consolidated)

24


Smart Infrastructure Company Plans for Enhancement

カリフォルニア

Aim to be the No.1 company with our global manufacturing/sales/engineering team!! Bring innovation, show our corporate value as a manufacture

and promote sustainable growth


Survey/Civil Engineering ： New Innovative Total Station

Be the Renovator for Surveying!

Disruptive innovation World’s No.1

For all regions and all applications

26

Business Strategies by company

Integrated Topcon’s core technology For our customers all over the world


Survey/Civil Engineering : Asset Management by utilizing TSshield

Accurate workflow management by applying to IT Machine Control Systems Reliable operation of construction machineries and high efficiency of IT construction

① Workflow management at several construction sites ② Efficient operation of construction machineries ③ Asset and business management

Site A

Cloud

Highly accurate 3D map

Site B Site C

Site D

New Business World’s first

27


0

1000

2000

3000

4000

5000

FY2011 FY2012 FY2013

140%

Survey/Civil Engineering *TSshield (Net Sales)


What is BIM (Building Information Modeling)? Revolution in construction industry! Improving productivity dramatically by providing seamless work flow from designing, measuring, building to managing

BIM Market : Promote R&D and commercialization

Alliance with Autodesk, Inc., the No.1 software company

Conceptual diagram of BIM FY2011 FY2012 FY2013

BIM (Net Sales)

2１0%

New Business World’s first

Entering into new business field by developing specialized BIM products

28


Architecture

Structure

MEP System

Builder

Owner

Cost Management

Schedule Management

Feedback

Simulation

Quality Control

Safety Control

Grand design


Civil Engineering : Products for Layout

Innovative product for the civil engineering field!

FY2011 FY2012 FY2013

200%

29


World’s first Disruptive innovation

Entering into new business field by developing products for CIM

What is CIM(Construction Information Modeling)？ Revolution in civil engineering industry! Improving productivity dramatically by providing seamless work flow from planning, Surveying, construction to maintenance

Conceptual diagram of CIM

Survey/ Civil Engineering (Net Sales)


FY2011 FY2012 FY2013

3D Measuring : Enhance solution and application software

190%

Strengthen Existing Business World’s first

Applying our 3D imaging measuring technology for disaster prevention

Local community

クラウド Cloud

Highly accurate 3D map

Supply monitoring information to local community anytime

Emergency alert ⇒Evacuate!!

Reduce disaster risks by monitoring

30


Innovative product for disaster prevention

3D Measurement (Net Sales)


0

20

40

60

FY2011 FY2012 FY2013

Domestic Agriculture : Development of New Censor

Increase detecting elements by alliance with research institute

CropSpec

Detecting the growth stages of crops by laser sensor

Wheat Tokachi

Agricultural Experiment Station

Crop A Crop B

○○ Experiment Station

△△ Laboratory

Crop C △△ Laboratory

New Development

Measuring system for Agriculture (Net Sales)

290%

Core Technology World’s first

31


Enhance the growth detecting sensor for agriculture


Coating : Commercialize Coating Business

License business with innovative coating technology

Before coating (fingerprint is

visible)

FY2011 FY2012 FY2013

Coating Business (Net Sales)

290%

New Business

Establish original anti-fingerprint core technology!

After coating

32



Expanding rapidly into the new business fields utilizing GNSS as a core technology

Plans for Enhancement

Positioning Company

33


Strengthen Core Business (GNSS receivers) New products with next-generation technology

GR-5+ (VANGUARD technology) - Number of available channels increase from 72ch to 226ch

NET-G5 (New Network-type GNSS receiver) - Lightweight body: Weighs only 43% of current model - Number of available channels increase from 144ch to 452ch

Launching world’s lightest new receivers equipped with high precision GNSS chip

34



Business Expansion in Asia

FY2011 FY2012 FY2013

140%

Net Sales in Asian Market

Launching strategic products targeting Asian market

New HiPer SR GNSS receiver for network RTK / Entry model Compatible with cell phone network of Asian countries

Increase market share by launch of Strategic Products

GX30 + MC-i3 For Machine Control System / Entry model Targeting civil engineering market in emerging countries

Launch entry models to be price competitive (30~40% less than previous models)

35



FY2011 FY2012 FY2013

130%

Strengthen OEM Business

Supplying advanced machine control technology to major construction equipment companies (Machine control system on construction equipment will be standardized for better performance)

Machine Control Net Sales (OEM Business)

Developing cloud-based management system for construction and earthworks

Alliance with construction equipment companies

sitelink3D enterprise (IT Network System / Software) Web cloud based unified management of all process from design to execution

World’s No.1

36



FY2011 FY2012 FY2013

140%

Gaining market shares by launch of cloud-based farm management system

Supplying advanced auto-steering technology to major agricultural equipment companies

Precision Agriculture Net Sales

SIGS-Enterprise (IT Network System / Software) Unified management of precision agriculture technology in terms of optimal resource utilization for farmers’ increasing business efficiencies

(Auto-steering system on tractors will be standardized)

37


Strengthen OEM Business Alliance with agricultural equipment companies


Eye Care Company Creating Stable Profit World Wide

Plans for Enhancement

Extending Our Business Domain

38

Diagnosis Treatment

Expansion of Business Field

Preventive Medicine /

Physical Checkup

Examination

Current Business Field


Enhance products: Dominating OCT Market Existing Business

FY2011 FY2012 FY2013（台数ベース）

World’s First Deep Range Imaging OCT (High-end)

Acquired patents for the OCT! →Speedy development

World’s first

39


World’s First Fully-automated Image Capture OCT (Low-end)

Q’ty

World’s first

World’s first

Deep Range

Automated

Hospital

Clinic

Optometrist

Preventive Medicine /Physical Chekup

Researcher


Generate Synergy Effect between PASCAL and OCT/TRC

Launch products which realize synergy effect between PASCAL and OCT/TRC

FY2011 FY2012 FY2013（台数ベース）

Existing Business World’s first

40


Q’ty


IT Solutions Enhance Product line-up

Promote development of cloud/web based products

FY2011 FY2012 FY2013（金額ベース）

Viewing Web Anywhere!

Web applications for IT solutions

Hospital

Reading Center

Data Center

41

Business Strategies by company Existing Business

Sales


Optometric Business in Japan We form an alliance with partners

World’s No.1 optical lens edger company

World’s No.1 ophthalmic exmination equipment company

42


World’s No.1 Existing Business


Asset Management

Apply ERP (SAP system) Reduce inventories

Aiming at reducing ¥10 billion inventories

2012 implemented in the U.S.

2013 will be implemented in Japan

43


Summary

“Technological strength” and “craftsmanship”

Funds by capital increase

Strive for early achievement of ROE20％

Speed up “Enhancement”

＋

44


Appendix III.

45

※ Page 49 and 50; Net sales by each segment is based on the figures of before elimination between each segment Operating income is based on the figures before goodwill and amortization


Capital Expenditure Depreciation

Positioning

R&D Expenditure to Sales Ratio

Eye Care Others

2012/3 2013/3 2011/3 2012/3 2013/3 2011/3

(billion yen)

10.0％

10

8

6

4

2

0

1.0 4.0

2.0

3.0

1.0

12

3.3 3.4

2.9

8.2 0.3

4.5

3.0

5.5

3.1

1.5 10.3

8.8％

5.0

3.4 3.1

4.8

8.7

2.8

1.1 0.5

8.4％


2.9

2.1

46

CAPEX / Depreciation / R&D (FY2012) Capital Expenditure / Depreciation R&D

R&D Expenditure to Sales Ratio (%)

R&D (billion yen)


▶ Continued weak yen in advanced countries during 4Q. Stagnated market through FY2012 due to strong yen and economic uncertainty ▶ Expanded in emerging countries, but some regions are stagnated due to financial and political uncertainty

▶Showed stable growth of Machine Control, Precision Agriculture, Measuring business

▶Stagnated in surveying field due to strong yen and severe competition

✔ Sign of recovery in the U.S. due to increase of housing start and employment rate ✔ Economic slump in Europe ✔ Slow down of growth rate in China even though economy in China is recovering ✔ Increase of domestic demand in some part of emerging countries

✔ Expand Machine Control, Precision Agriculture business globally ✔ Increase demands for high value-added product in emerging

countries

FY12 FY13

FY12 FY13

47

America

Europe

Japan

Emerging Countries

By Region

Construction

Precision Agriculture

Surveying / GIS

3D Measurement

By Market

《Overview of FY2012》

《 Forecast for FY2013》



Regional and Market Trend


Regional and Market Trend

▶ Continued economic crisis in Europe, and it affected to capital investment ▶ Showed sign of recovery in the U.S. ▶ Stayed flat ophthalmology market in Japan ▶ Showed stable growth in Asia even though China political matter was affecting on economy

✔ Uncertainty economy due to financial crisis in Europe ✔ Moderate recovery in the U.S. ✔ Increase of sales of treatment devices, slight growth of diagnostic instruments in Japan ✔ Expect increase of capital investment in Asia along with economic growth

▶ Spread of OCT in Ophthalmology market, but price was trending down ▶ Decreased capital investment in optometric market ▶ Increased demand for medical check-up in emerging countries

✔ Ophthalmology: Severe OCT price competition ✔ Optometric: Severe competition of price and product differentiation targeted optical chain stores ✔ Screening: Expect replacement market in advanced countries and continued demand in emerging countries

Ophthalmic Market

Optometric Market

Diabetes and Glaucoma Screening Market

Japan

America

Europe

Asia

FY12 FY13

FY12 FY13


《Forecast for FY2013》

《Overview of FY2012》 By Market

By Region

48



5.7

7.8

5.3

9.4

5.9 7.7

6.1

10.1

0.0

0.6

(0.1)

1.9

0.1

1.3

0.7

2.0

(1.0)

0.0

1.0

2.0

0.0

5.0

10.0

15.0

FY11/1Q 2Q 3Q 4Q FY12/1Q 2Q 3Q 4Q

Net SalesOperating Income

21.7

27.8

19.3

30.0

20.5

25.5 20.7

30.6

(0.9)

1.4

(1.8)

3.3

(0.8)

2.4

0.2

3.4

(2.0)

0.0

2.0

4.0

0.0

10.0

20.0

30.0

40.0

FY11/1Q 2Q 3Q 4Q FY12/1Q 2Q 3Q 4Q

Net Sales Operating Income

7.0 8.5

7.1

9.9

6.3

8.0 6.9

9.8

(0.2)

0.6

0.0

1.4

(0.3)

0.8

0.2

0.8

(0.5)

0.0

0.5

1.0

1.5

0.0

5.0

10.0

FY11/1Q 2Q 3Q 4Q FY12/1Q 2Q 3Q 4Q


8.5 8.6

6.6

10.5

8.3 9.0

8.0

12.5

0.1 0.3

(0.5)

0.6 0.0

0.6

(0.2)

1.0

(1.5)

(0.5)

0.5

1.5

0.0

6.5

13.0

FY11/1Q 2Q 3Q 4Q FY12/1Q 2Q 3Q 4Q


49

1. Consolidated 2. Smart Infrastructure

4. Eye Care 3. Positioning


Operating Income (billion yen) Operating Income (billion yen)

Operating Income (billion yen) Operating Income (billion yen) Net Sales (billion yen)

Net Sales (billion yen) Net Sales (billion yen)

Financial Results (Quarterly)


49.6 52.8 49.5 49.2 46.1 51.2

0.0

1.7

0.5

1.5 1.5

3.7

0.0

1.0

2.0

3.0

4.0

0.0

35.0

70.0

FY10/1H FY10/2H FY11/1H FY11/2H FY12/1H FY12/2H


14.5 16.4 15.6

16.9

14.4 16.6

(0.2)

0.5 0.4

1.4

0.4

1.1

(0.5)

0.0

0.5

1.0

1.5

2.0

0.0

5.0

10.0

15.0

20.0



13.9 14.5 13.5 147 13.7 16.1

0.4

0.9 0.6

1.8 1.4

2.7

0.0

1.0

2.0

3.0

0.0

6.0

12.0

18.0



16.6 16.3 17.1 170 17.4 20.4

0.4

(0.2)

0.5

0.0

0.5

0.9

(0.5)

0.0

0.5

1.0

1.5

0.0

12.5

25.0



50

2. Smart Infrastructure

4. Eye Care 3. Positioning

1. Consolidated

Financial Results and Forecast (Semiannually)


Operating Income (billion yen) Operating Income (billion yen)

Operating Income (billion yen) Operating Income (billion yen) Net Sales (billion yen)

Net Sales (billion yen) Net Sales (billion yen)


Capital Expenditure 3.3 3.4 (Depreciation) (3.4) (4.1)

R&D (R&D Expenditure to Sales Ratio)

8.2 (8.4%)

10.0 (9.1%)

Investment & Loan 0.4 3.0

Items FY2012 FY2013

*Depreciation excludes the amortization of goodwill

51

FY2013 Resource Loading Plan (unit: billion yen)


Exchange Rate Impact from Fluctuation by ¥1

Assumed Rate for FY2013 Net Sales Operating Income

US$ ¥90 ¥0.6 billion ¥0.2 billion

EUR ¥120 ¥0.2 billion ¥0.1 billion

52

Impact from Currency Exchange FY2013


Inquiries: IR Affairs Corporate Communication Dept. TOPCON CORPORATION Tel: +81-3-3558-2532 E-mail: [email protected] URL: http: //global.topcon.com/invest/

Cautionary Note regarding Forward-Looking Statements 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. 26, 2013 at 16:30(GTM+9).

Documents

FY2012 Financial Results - Topcon · FY2012 Financial Results Net sales by each segment is based on the figures before elimination between each segment Operating income of each segment