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  • FY2017 2Q Financial Results October 27, 2017 TOPCON CORPORATION President & CEO Satoshi Hirano

  • ©2017 Topcon Corporation 1

    FY2017 Full Year Plan

    Ⅲ Appendix

    Ⅰ FY2017 2Q Financial Results

    CONTENTS

    FY2017 2Q Financial Results

  • ©2017 Topcon Corporation 2

    Ⅰ. FY2017 2Q Financial Results Ⅰ-1. FY2017 2Q Financial Results

    Ⅰ-2. Overview of 2Q

  • ©2017 Topcon Corporation 3

    FY2017 1H

    Net Sales

    Growth in sales and profit

    Operating Income

    1H Sales Trend Net Sales

    (billion yen) Operating Income (billion yen)

    0

    4

    8

    0

    10

    20

    30

    40

    50

    60

    70

    FY20141H

    FY20151H

    FY20161H

    FY20171H

    5.9

    59.4

    4.5

    62.9 57.9

    3.8

    68.0

    4.6

    Sales Operating Income Ordinary Income Net Income

    Achieved announced target

    YoY

    Sales Operating Income

    ¥68.0B 117% ¥4.6B 122% ¥4.1B 183% ¥1.9B 294%

    ¥62.0B ¥4.0B

  • ©2017 Topcon Corporation 4

    [Consolidated] FY2016/1H FY2017/1H

    Actual Actual YoY YoY %

    Announced on July 28th

    Net Sales 57,939 68,046 10,107 117% 62,000

    Gross Profit (Gross Profit Ratio)

    30,220 (52.2%)

    34,545 (50.8%)

    4,325

    SGA 26,463 29,975 3,512 Operating Income (Operating Income Ratio)

    3,757 (6.5%)

    4,570 (6.7%)

    813

    122%

    4,000 (6.5%)

    Non-Operating Income (Expenses) -1,523 -481 1,042

    Ordinary Income 2,233 4,088 1,855 183% 3,000 Extraordinary Income (Loss) -210 -263 -53

    Income Before Income Taxes and Minority Interests 2,023 3,825 1,802

    Net Income 634 1,867 1,233 294% 1,200

    Interim Dividends ¥8 ¥10 ¥10

    Exchange Rate (Average)

    USD ¥106.43 ¥111.42 ¥4.99 ¥108.78

    EUR ¥119.12 ¥126.63 ¥7.51 ¥119.65

    FY2017 1H Financial Results (unit: million yen)

  • ©2017 Topcon Corporation 5

    [Consolidated] FY2016/1H FY2017/1H

    Actual Actual YoY YoY %

    Announced on July 28th

    Net Sales

    Positioning 27,166 35,884 8,718 132% 31,000 Smart Infrastructure 14,958 17,042 2,084 114% 16,000

    Eye Care 19,611 21,397 1,786 109% 20,000 Others 1,736 1,030 -706 59% 2,000 Elimination -5,533 -7,307 -1,774 -7,000 Total 57,939 68,046 10,107 117% 62,000

    Operating Income

    (Operating Income Ratio)

    Positioning 2,472 (9.1%)

    3,869 (10.8%)

    1,397 157% 3,200

    (10.3%)

    Smart Infrastructure

    1,377 (9.2%)

    1,630 (9.6%)

    253 118% 1,600

    (10.0%)

    Eye Care 1,269 (6.5%)

    526 (2.5%)

    -743

    41% 500

    (2.5%)

    Others -93 (-5.4%)

    -22 (-2.1%)

    71

    -

    0 (-)

    Goodwill Amortization -1,268 -1,433 -165 -1,300

    Total 3,757 (6.5%)

    4,570 (6.7%)

    813

    122%

    4,000 (6.5%)

    FY2017 1H Financial Results by Business

    (unit: million yen)

  • ©2017 Topcon Corporation 6

    FY2016/1H

    FY2016/1H

    FY2016/1H FY2016/1H FY2017/1H FY2017/1H

    FY2017/1H

    FY2017/1H

    16.6 19.9 13.4 11.4 16.2 14.4

    3.8

    117% 123% 115%

    101%

    3.8 FY2016/1H FY2017/1H

    8.1 6.3

    130%

    FY2016/1H FY2017/1H

    5.2

    127%

    4.1

    Domestic and Overseas Sales (YoY)

    POC=Positioning Company/ SIB=Smart Infrastructure Business/ ECB=Eye Care Business *”i-Construction” is a registered trademark of National Institute for Land and Infrastructure Management, MLIT, Japan.

    Japan North America

    Europe

    China Asia/Oceania Others

    (Billion yen) (Billion yen) (Billion yen)

    (Billion yen) (Billion yen) (Billion yen)

    SIB: Growing sales in i-Construction Growing sales in IT Agriculture

    POC: Growing sales in IT Construction Recovery in IT Agriculture ECB: Growing sales of Maestro

    POC: Recovery in IT Agriculture ECB: Temporarily on sales downturn

    POC: Growing sales in IT Construction SIB/ECB: Growing sales in India

    POC/ECB: Growing sales in South America SIB: Growing sales in Middle East

  • ©2017 Topcon Corporation 7

    3.8

    3.4 -3.0

    4.2

    0.4

    4.6

    0

    2

    4

    6

    8

    FY2016 1H Sales increase

    and decrease,

    Product mix

    Fixed cost,

    Lowering COGS

    FX Effects FY2017 1H

    (unit: Billion yen)

    Operating Income w/o FX Effects

    YoY 111%

    YoY 122%

    mainly

    R&D Cost Increase

    FY2017 1H Operating Income YoY Breakdown

  • ©2017 Topcon Corporation 8

    Ⅰ. FY2017 2Q Financial Results Ⅰ-1. FY2017 2Q Financial Results

    Ⅰ-2. Overview of 2Q

  • ©2017 Topcon Corporation 9

    Overview of Each Business

    Review of 1H Financial Results

    FY2016/1H FY2017/1H

    Actual Actual YoY % Announced on July 28th

    Net Sales 27,166 35,884 8,718 132% 31,000 Operating Income (Operating Income Ratio)

    2,472 (9.1%)

    3,869 (10.8%)

    1,397 157% 3,200 (10.3%)

    Exch

    ange

    R

    ate USD ¥106.43 ¥111.42 ¥108.78

    EUR ¥119.12 ¥126.63 ¥119.65

    (unit: million yen)

    ー Negative factors Further acceleration of upfront investment (advanced technology

    development, enhancement of distribution network)

    Positive factors Sales growth in IT Construction supported by strong global construction investment (YoY 130%) Sales recovery in IT Agriculture with OEM sales growth (YoY 130%)

  • ©2017 Topcon Corporation 10

    Overview of Each Business

    * "i-Construction" is a registered trademark of National Institute for Land and Infrastructure Management, MLIT, JAPAN.

    Review of 1H Financial Results

    FY2016/1H FY2017/1H

    Actual Actual YoY % Announced on July 28th

    Net Sales 14,958 17,042 2,084 114% 16,000 Operating Income (Operating Income Ratio)

    1,377 (9.2%)

    1,630 (9.6%)

    253 118% 1,600 (10.0%)

    Exch

    ange

    R

    ate USD ¥106.43 ¥111.42 ¥108.78

    EUR ¥119.12 ¥126.63 ¥119.65

    (unit: million yen)

    ー Negative factors Temporary production delay with production line transfer to

    Topcon Yamagata

    Positive factors Favorably prevailing the i-Construction in Japan (YoY 160%) Sales growth in IT Agriculture in Japan (YoY 300%)

  • ©2017 Topcon Corporation 11

    ー Negative factors Continued upfront investment (Building an IoT business, R&D cost,

    Enhancement of FDA acquisition) Temporarily on sales downturn in European market

    Overview of Each Business

    Review of 1H Financial Results

    Positive factors Turnover into surplus in 2Q "OP ¥1B" (Progress as planned) Sales growth of 3D OCT (YoY 120%) Sales growth of Fundus Camera (NW400) (YoY 130%)

    FY2016/1H FY2017/1H

    Actual Actual YoY % Announced on July 28th

    Net Sales 19,611 21,397 1,786 109% 20,000 Operating Income (Operating Income Ratio)

    1,269 (6.5%)

    526 (2.5%)

    -743 41% 500 (2.5%)

    Exch

    ange

    R

    ate USD ¥106.43 ¥111.42 ¥108.78

    EUR ¥119.12 ¥126.63 ¥119.65

    (unit: million yen)

  • ©2017 Topcon Corporation 12

    FY2017 Full Year Plan Ⅱ. Ⅱ-1. FY2017 Full Year Plan Ⅱ-2. Strategic Plans after 2H

    Ⅱ-3. Summary

  • ©2017 Topcon Corporation 13

    0

    5

    10

    15

    0

    50

    100

    150

    1H FullYear

    1H FullYear

    128.4 138.0

    9.6

    12.0

    68.0 57.9

    4.6

    Results Plan

    FY2016 FY2017

    3.8 122%

    -Operating Income YoY122%

    126% Full Year Plan

    -Sales YoY117%

    1H Result

    ¥12B

    ¥138B ¥5B

    -Operating Income

    -Sales

    YoY107%

    YoY126%

    Upward Correction

    FY2016 Result and FY2017 Plan

    Net Sales (billion yen) Operating Income

    (billion yen)

  • ©2017 Topcon Corporation 14

    [Consolidated]

    FY2016 FY2017

    1H Full Year 1H Full Year

    Actual Actual Actual YoY (%)

    New Plan Change YoY (%)

    Announced on July 28th

    Net Sales 57,939 128,387 68,046 117% 138,000 5,000 107% 133,000

    Operating Income (Operating Income Ratio)

    3,757

    (6.5%)

    9,551

    (7.4%)

    4,570 (6.7%)

    122%

    12,000

    (8.7%)

    0

    126%

    12,000

    (9.0%)

    Ordinary Income 2,233 7,622 4,088 183% 10,000 0 131% 10,000

    Net Income 634 4,395 1,867 294% 5,700 0 130% 5,700

    ROE 7.4% 10% - 10%

    ROIC 5.5% 7% - 7%

    Dividends ¥8 ¥16 ¥10 ¥20 ¥20

    Exchange Rate (Average) *

    USD ¥106.43 ¥109.03 ¥111.42 ¥108.46 ¥107.03

    EUR ¥119.12 ¥119.37 ¥126.63 ¥121.26 ¥117.50

    FY2017 Full Year Plan (unit: million yen)

    * Assumed exchange rate after October 2017 is ¥105/US$, ¥115/EUR

  • ©2017 Topcon Corporation 15

    [Consolidated]

    FY2016 FY2017

    1H Full Year 1H Full Year

    Actual Actual Actual YoY

    (%) New Plan Change

    YoY

    (%)

    Announced on July 28th

    Net

    Sales

    Positioning 27,166 60,602 35,884 132% 68,000 5,000 112% 63,000

    Smart Infrastructure

    14,958 33,091 17,042 114% 36,000 1,000 109% 35,000

    Eye Care 19,611 43,148 21,397 109% 45,000 0 104% 45,000 Others 1,736 3,708 1,030 59% 4,000 0 108% 4,000 Elimination -5,533 -12,163 -7,307 -15,000 -1,000 -14,000 Total 57,939 128,387 68,046 117% 138,000 5,000 107% 133,000

    Operating

    Income (Operating

    Income Ratio)

    Positioning 2,472 (9.1%)

    5,596 (9.2%)

    3,869 (10.8%)

    157%

    7,000 (10.3%)

    0

    125%

    7,000 (11.1%)

    Smart Infrastructure

    1,377 (9.2%)

    3,939 (11.9%)

    1,630 (9.6%)

    118%

    4,700 (13.1%)

    0

    119%

    4,700 (13.4%)

    Eye Care 1,269 (6.5%)

    2,598 (6.0%)

    526 (2.5%)

    41%

    2,800 (6.2%)

    0

    108%

    2,800 (6.2%)

    Others -93 (-5.4%)

    10 (0.3%)

    -22 (-2.1%)

    24%

    0 (-)

    0

    -

    0 (-)

    Goodwill Amortization -1,268

    -2,593 -1,433 -2,500 -2,500

    Total 3,757 (6.5%)

    9,551 (7.4%)

    4,570 (6.7%)

    122%

    12,000 (8.7%)

    0

    126%

    12,000 (9.0%)

    Exchange Rate

    (Average)

    USD ¥106.43 ¥109.03 ¥111.42 ¥108.46 ¥107.03

    EUR ¥119.12 ¥119.37 ¥126.63 ¥121.26 ¥117.50

    FY2017 Full Year Plan by Business (unit: million yen)

  • ©2017 Topcon Corporation 16

    FY2017 Full Year Plan Ⅱ. Ⅱ-1. FY2017 Full Year Plan Ⅱ-2. Strategic Plans after 2H

    Ⅱ-3. Summary

  • ©2017 Topcon Corporation 17

    1. Positioning

    0

    2

    4

    6

    8

    10

    0

    20

    40

    60

    FY2015 FY2016 FY2017 Plan

    60.6 68.0

    62.0

    7.0

    5.6

    2.4

    Net Sales(billion yen)

    Net Sales

    Operating Income(billion yen)

    Operating Income

    ■ IT Construction: Further expansion of the aftermarket/OEM sales with overwhelming superiority in technology

    ■ Drones: Sales growth in Survey/Agriculture/Measurement fields

    ■ IT Agriculture: OEM Sales growth with an increase in the cross selling

    Focused Strategy

    Strategic Plans after the second half

  • ©2017 Topcon Corporation 18

    IT Construction: Further expansion of the aftermarket/OEM sales with overwhelming superiority in technology

    -Improve work efficiency: Yield an accurate result even in the top gear, the third gear (conventionally, 2nd gear)

    Superiority of Mastless MC System

    FY2015 FY2016 FY2017

    Global sales plan of IT Construction

    Actual Actual Plan

    (Amount)

    ✓Mastless ✓Weldingless ✓Cableless

    -Easy installation / malfunction, prevent malfunction beforehand

    Weldingless

    Cableless

    Antennas on the cabin

    Mastless

    IMU sensors

  • ©2017 Topcon Corporation 19

    Kee Technologies

    IT Agriculture: OEM Sales growth with an increase in the cross selling

    Agriculture group in POC

    A

    Supplier Tractor Maker

    B

    C

    D

    E

    Each company sells individually Past

    Farm machine Industry

  • ©2017 Topcon Corporation 20

    Topcon Precision Agriculture

    (Ex )

    (Ex )

    (Ex )

    (Ex Kee Technologies)

    Topcon Agriculture Canada

    Topcon Electronics

    Topcon Agriculture America

    A

    B

    C

    D

    E

    Significant growth in OEM sales

    FY2015Actual

    FY2016Actual

    FY2017Plan

    Topcon Agriculture S.p.A

    Present The companies are unified to form one group

    Maximization of synergy effect

    (Headquarter)

    Farm machine Industry

    Supplier Tractor Maker

    IT Agriculture: OEM Sales growth with an increase in the cross selling

    Global sales plan of IT Agriculture (Amount)

  • ©2017 Topcon Corporation 21

    Drone surveying without orienting point

    World’s First

    Drones for professional equipped with high- accuracy GPS receivers

    Survey Agriculture Measurement

    Drones: Sales growth in Survey/Agriculture/Measurement fields

    FY2015Actual

    FY2016Actual

    FY2017Plan

    Global sales plan of Drones (Amount)

    Drone Sales: YoY 160%

    Surveying - Current condition surveying and volume control

    Agriculture - manage the growth status of crops Measurement - Maintenance of structures etc.

    Professional duties

  • ©2017 Topcon Corporation 22

    2. Smart Infrastructure

    0

    2

    4

    6

    0

    10

    20

    30

    40

    FY2015 FY2016 FY2017 Plan

    Net Sales(billion yen)

    Net Sales

    Operating Income(billion yen)

    Operating Income

    Focused Strategy

    Strategic Plans after the second half

    i-Construction: Into authentic “Diffusion” phase IT agriculture: Sales growth at domestic after market Total Station: Further expansion of profitability

    33.0 36.0

    33.1

    4.7 3.9 3.9

    * "i-Construction" is a registered trademark of National Institute for Land and Infrastructure Management, MLIT, JAPAN.

  • ©2017 Topcon Corporation 23

    FY2015Actual

    FY2016Actual

    FY2017Plan

    i-Construction: Into authentic “Diffusion” phase

    Education

    Lack of headcounts of “i-Construction” technicians Industry issues

    Over 3,000 Trainees YoY150%

    Shirakawa Sep 2014 Launched

    Kitakyushu Jul 2017 Opend

    Ibaraki FY2017 Planning

    Expand Training Centers

    Kobe Jun 2016 Launched

    4th

    FY2015Actual

    FY2016Actual

    3rd

    City of Kitakyushu established i-Construction Promotion Council

    (From the right, Mayor of Kitakyushu Mr.Kitahashi, President Hirano)

    Promotion activity to local governments

    TOPCON’s Mission

    4th Center

    FY2017 Plan

    Provide more satisfactory Education and Support

    *”i-Construction” is a registered trademark of National Institute for Land and Infrastructure Management, MLIT, Japan.

    Domestic sales plan of IT Construction (Amount) Supply detailed training

  • ©2017 Topcon Corporation 24

    IT Agriculture: Sales growth at domestic after market

    FY2015Actual

    FY2016Actual

    FY2017Plan

    Diffusion of IT Agriculture by retrofit system

    The wheel with electric motor

    The Console

    GNSS Receiver

    Overview of retrofit system

    Regular Wheel

    Automated by attaching to the existing tractors

    Utilization of tractor maker's sales network

    The wheel with electric motor

    Company A Company B Company C

    ✓Easy installation within 1hour ✓Low Cost

    - Productivity improvement - Labor saving (skill unnecessary) - Reduction of fertilizer and pesticide

    Merit

    Domestic sales plan of IT Agriculture (Amount)

  • ©2017 Topcon Corporation 25

    Total Station: Further expansion of profitability

    Total station production transfer to Topcon Yamagata (mother factory of eye care)

    Opening Ceremony

    From the right, Mayor of Yamagata Mr. Sato, GM of Murayama General Branch Office in Yamagata Prefecture Mr. Komabayashi, President Hirano New factory appearance

    New factory interior view

    Topcon HQ Factory

    Eye Care Product

    Smart Infrastructure

    Topcon Yamagata

    Total Station

    Other measuring Prod.

    Total Station Moved

    Production transfer

    Maximize production efficiency by consolidating production bases ⇒ Expand profitability

  • ©2017 Topcon Corporation 26

    3. Eye Care

    0

    2

    4

    6

    0

    10

    20

    30

    40

    50

    FY2015 FY2016 FY2017 Plan

    Net Sales(billion yen)

    Net Sales

    Operating Income(billion yen)

    Operating Income

    ■ 3D OCT: Good sales performance worldwide

    ■ Accelerate upfront investment: Release of new products / FDA acquisition / Building an IoT business

    ■ Screening: Market expansion in emerging countries

    Focused Strategy

    Strategic Plans after the second half

    43.8 45.0 43.1

    2.8

    4.9

    2.6

  • ©2017 Topcon Corporation 27

    3D OCT: Good sales performance worldwide

    (Vision Expo West held in September)

    FY2015Actual

    FY2016Actual

    FY2017Plan

    Sales plan of 3D OCT (Amount)

    Sales expansion at world's largest eyeglasses exhibition

    Widely spread to clinical area of ophthalmologic practitioner

    Triton

    Strong sales in the world's largest, US market

    (Las Vegas)

    Maestro

    Clinical to Research

    Screening to Clinical

  • ©2017 Topcon Corporation 28

    World diabetes population(2015)

    FY2015Actual

    FY2016Actual

    FY2017Plan

    Screening: Market expansion in emerging countries

    -Chinese market grows rapidly (The examination at the screening center rapidly advanced)

    (No. 2 in diabetes patients worldwide)

    Promoted diabetes screening project led by the Chinese government, adoption of fundus camera (NW 400) advanced

    ・・・

    ・・・

    ・・・

    (million)

    Source: International Diabetes Federation

    -Also adoption expected in the Indian market

    Rank 1st 2nd 3rd 9th Total

    Country China India USA Japan

    Patients 109.6 69.2 29.3

    7.2

    415.0

    % 26% 17% 7%

    100% 2%

    Sales plan of screening equipment

    “Easy-To-Operate” Fundus Camera

    Full-auto function

    Fundus Camera and OCT for screening market

    Screening devices TRC-NW400 & Maestro

    (Amount)

  • ©2017 Topcon Corporation 29

    Release of new products

    FDA acquisition

    Building an IoT business

    FY2017 FY2018

    Accelerate upfront investment: Release of new products / FDA acquisition / Building an IoT business

    2017/4

    Core organization of full-scale promotion of IoT

    THS=Topcon Healthcare Solutions

    THS established

  • ©2017 Topcon Corporation 30

    FY2017 Full Year Plan Ⅱ. Ⅱ-1. FY2017 Full Year Plan Ⅱ-2. Strategic Plans after 2H

    Ⅱ-3. Summary

  • ©2017 Topcon Corporation 31

    0

    5

    10

    15

    20

    0

    40

    80

    120

    FY2015 FY2016 FY2017 Plan

    130.7 128.4 138.0

    120.16 JPY/USD

    132.36 JPY/EUR

    109.03 JPY/USD

    119.37 JPY/EUR

    108.46 JPY/USD

    121.26 JPY/EUR

    12.0 9.6 8.8

    Summary Trends of Financial Results Annually

    Net Sales (billion yen)

    Operating Income (billion yen)

    Net Sales

    Operating Income

    Exc

    hang

    e R

    ate

  • ©2017 Topcon Corporation 32

    Topcon for Human Life 医・食・住

  • ©2017 Topcon Corporation 33

    Appendix Ⅲ.

  • ©2017 Topcon Corporation 34

    6.6

    8.4 7.5

    10.6

    7.8 9.2

    0.3

    1.1

    0.3

    2.2

    0.8 0.8

    0.0

    1.0

    2.0

    3.0

    0.0

    5.0

    10.0

    FY16/1Q 2Q 3Q 4Q FY17/1Q 2Q

    Net SalesOperating Income

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

    1. Consolidated

    8.8

    10.8 10.5

    13.1

    9.1

    12.3

    0.5 0.8 0.4 0.9

    -0.5

    1.0

    -1.0

    0.0

    1.0

    2.0

    0.0

    5.0

    10.0

    15.0

    FY16/1Q 2Q 3Q 4Q FY17/1Q 2Q

    Net SalesOperating Income

    Net Sales (billion yen)

    2. Positioning

    3. Smart Infrastructure

    12.8 14.3 13.6

    19.9 17.2 18.7

    0.7

    1.7

    0.5

    2.6

    1.7 2.2

    -1.0

    0.0

    1.0

    2.0

    3.0

    0.0

    5.0

    10.0

    15.0

    20.0

    FY16/1Q 2Q 3Q 4Q FY17/1Q 2Q

    Net SalesOperating Income

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

    26.2 31.7

    29.5

    41.0

    31.6 36.5

    0.7

    3.0

    0.7

    5.2

    1.3

    3.2

    -1.0

    2.0

    5.0

    8.0

    0.0

    10.0

    20.0

    30.0

    40.0

    FY16/1Q 2Q 3Q 4Q FY17/1Q 2Q

    Net SalesOperating Income

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

    4. Eye Care

    Operating Income (billion yen)

    Financial Results (Quarterly)

  • ©2017 Topcon Corporation 35

    62.9 67.8 57.9

    70.4 68.0 70.0

    4.5 4.3 3.8

    5.8 4.6

    7.4

    0.0

    5.0

    10.0

    0.0

    20.0

    40.0

    60.0

    80.0

    FY15/1H FY15/2H FY16/1H FY16/2H FY17/1H FY17/2H

    Net SalesOperating Income

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

    16.2 16.8 15.0 18.1 17.0

    19.0

    1.9 2.0 1.4

    2.5

    1.6

    3.1

    0.0

    2.0

    4.0

    0.0

    10.0

    20.0

    FY15/1H FY15/2H FY16/1H FY16/2H FY17/1H FY17/2H

    Net SalesOperating Income

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

    31.4 30.6 27.2

    33.4 35.9

    32.1

    1.7

    0.7

    2.5

    3.1

    3.9 3.1

    0.0

    2.0

    4.0

    0.0

    10.0

    20.0

    30.0

    40.0

    FY15/1H FY15/2H FY16/1H FY16/2H FY17/1H FY17/2H

    Net SalesOperating Income

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

    1. Consolidated

    19.5

    24.3

    19.6 23.5

    21.4 23.6

    2.1 2.8

    1.3 1.3 0.5

    2.3

    0.0

    2.0

    4.0

    0.0

    10.0

    20.0

    30.0

    FY15/1H FY15/2H FY16/1H FY16/2H FY17/1H FY17/2H

    Net SalesOperating Income

    Net Sales (billion yen)

    2. Positioning

    3. Smart Infrastructure 4. Eye Care

    Operating Income (billion yen)

    Financial Results and Forecast (Semiannually)

  • ©2017 Topcon Corporation 36

    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 October 27, 2017 at 16:30(UTC+9)

    Inquiries: Corporate Communication Div. Investor Relations and Shareholder 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

    FY2017 2Q Financial ResultsCONTENTSI. FY2017 2Q Financial ResultsI-1. FY2017 2Q Financial ResultsFY2017 1H FY2017 1H Financial Results FY2017 1H Financial Results by Business Domestic and Overseas Sales (YoY)FY2017 1H Operating Income YoY Breakdown

    I-2. Overview of 2QPositioningSmart InfrastructureEye Care

    II. FY2017 Full Year PlanII-1. FY2017 Full Year PlanFY2016 Results and FY2017 PlanFY2017 Full Year PlanFY2017 Full Year Plan by Business

    II-2. Strategic Plans after 2H1. PositioningIT Construction: Further expansion of the aftermarket/OEM sales with overwhelming superiority technologyIT Agriculture: OEM Sales growth with an increase in the cross sellingIT Agriculture: The companies are unified to form one groupDrones: Sales growth in Survey/Agriculture/Measurement fields

    2. Smart Infrastructurei-Construction: Into authentic "Diffusion" phase IT Agriculture: Sales growth at domestic after marketTotal Station: Further expansion of profitability

    3. Eye Care3D OCT: Good sales performance worldwideScreening: