fy2012 financial results - topcon · fy2012 financial results net sales by each segment is based on...
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©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.
©2013 Topcon Corporation
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
©2013 Topcon Corporation
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)
©2013 Topcon Corporation
Operational resilience was enhanced
4
Reform is normalized
Reform is complete
Reform is complete by the end of FY2012
©2013 Topcon Corporation
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
©2013 Topcon Corporation
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
©2013 Topcon Corporation 7
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)
©2013 Topcon Corporation 8
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)
©2013 Topcon Corporation
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
©2013 Topcon Corporation
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
©2013 Topcon Corporation
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)
©2013 Topcon Corporation 12
Ⅰ. FY2012 Financial Results ・Reform is complete ・FY2012 Financial Results
©2013 Topcon Corporation
[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)
©2013 Topcon Corporation
[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)
©2013 Topcon Corporation
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)
©2013 Topcon Corporation
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
©2013 Topcon Corporation
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%
©2013 Topcon Corporation 18
II. FY2013 Full Year Plan
・FY2013 Full Year Plan
・Plans for Enhancement
©2013 Topcon Corporation
[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)
©2013 Topcon Corporation
[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)
Smart Infrastructure
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)
©2013 Topcon Corporation
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)
©2013 Topcon Corporation 22
II. FY2013 Full Year Plan
・FY2013 Full Year Plan
・ Plans for Enhancement
©2013 Topcon Corporation
(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
©2013 Topcon Corporation
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
©2013 Topcon Corporation 25
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
©2013 Topcon Corporation
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
©2013 Topcon Corporation
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
Business Strategies by company
0
1000
2000
3000
4000
5000
FY2011 FY2012 FY2013
140%
Survey/Civil Engineering *TSshield (Net Sales)
©2013 Topcon Corporation
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
Business Strategies by company
Architecture
Structure
MEP System
Builder
Owner
Cost Management
Schedule Management
Feedback
Simulation
Quality Control
Safety Control
Grand design
©2013 Topcon Corporation
Civil Engineering : Products for Layout
Innovative product for the civil engineering field!
FY2011 FY2012 FY2013
200%
29
Business Strategies by company
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)
©2013 Topcon Corporation
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
Business Strategies by company
Innovative product for disaster prevention
3D Measurement (Net Sales)
©2013 Topcon Corporation
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
Business Strategies by company
Enhance the growth detecting sensor for agriculture
©2013 Topcon Corporation
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
Business Strategies by company
©2013 Topcon Corporation
Expanding rapidly into the new business fields utilizing GNSS as a core technology
Plans for Enhancement
Positioning Company
33
©2013 Topcon Corporation
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 Strategies by company
©2013 Topcon Corporation
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
Business Strategies by company
©2013 Topcon Corporation
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
Business Strategies by company
©2013 Topcon Corporation
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
Business Strategies by company
Strengthen OEM Business Alliance with agricultural equipment companies
©2013 Topcon Corporation
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
©2013 Topcon Corporation
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
Business Strategies by company
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
©2013 Topcon Corporation
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
Business Strategies by company
Q’ty
©2013 Topcon Corporation
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
©2013 Topcon Corporation
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
Business Strategies by company
World’s No.1 Existing Business
©2013 Topcon Corporation
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
©2013 Topcon Corporation
Summary
“Technological strength” and “craftsmanship”
Funds by capital increase
Strive for early achievement of ROE20%
Speed up “Enhancement”
+
44
©2013 Topcon Corporation
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
©2013 Topcon Corporation
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%
Smart Infrastructure
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)
©2013 Topcon Corporation
▶ 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》
《Overview of FY2012》
《 Forecast for FY2013》
Regional and Market Trend
©2013 Topcon Corporation
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
《Overview of FY2012》
《Forecast for FY2013》
《Overview of FY2012》 By Market
By Region
48
《 Forecast for FY2013》
©2013 Topcon Corporation
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
Net SalesOperating Income
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
Net SalesOperating Income
49
1. Consolidated 2. Smart Infrastructure
4. Eye Care 3. Positioning
Net Sales (billion yen)
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)
©2013 Topcon Corporation
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
Net Sales Operating Income
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
FY10/1H FY10/2H FY11/1H FY11/2H FY12/1H FY12/2H
Net Sales Operating Income
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
FY10/1H FY10/2H FY11/1H FY11/2H FY12/1H FY12/2H
Net Sales Operating Income
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
FY10/1H FY10/2H FY11/1H FY11/2H FY12/1H FY12/2H
Net Sales Operating Income
50
2. Smart Infrastructure
4. Eye Care 3. Positioning
1. Consolidated
Financial Results and Forecast (Semiannually)
Net Sales (billion yen)
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)
©2013 Topcon Corporation
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)
©2013 Topcon Corporation
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
©2013 Topcon Corporation 53
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).