Topcon : Notice regarding the revision of financial forecasts

January 29, 2021

To Whom It May Concern:

Company: Topcon Corporation

Representative: President, Satoshi Hirano

(Code No.: 7732

1st section of the Tokyo Stock Exchange) Inquiry: Director & Senior Executive Officer, Haruhiko Akiyama

Accounting & Finance Division (TEL: [phone])

Notice regarding the revision of financial forecasts

Topcon Corporation (hereafter "the Company") hereby announces that the Company revises its financial forecast for the fiscal year ended March 31, 2021 which was announced in the "FY 2020 2nd Quarter Financial Results [JGAAP] (Consolidated)" on October 30, 2020, in consideration of the progress of business results made until third quarter and the best information available at this time.

1. Revision of financial forecast			(Unit: million yen）
					Profit attributable	Basic
			Operating	Ordinary	earnings
		Net sales	to owners of
		profit	profit	per share
			parent
					(yen)
	Previously announced
	forecast on Oct. 30,	128,000	3,000	1,000	0	0.00
	2020(A)
	Current forecast(B)	130,000	4,000	2,000	500	4.75
	Difference(B)-(A)	2,000	1,000	1,000	500	4.75
	Difference (%)	1.6%	33.3%	100%	―	―
	(Ref.) Results of previous	138,916	5,381	2,895	935	8.87
	fiscal year (FY March 2020)

Reason for the revision

In this fiscal year, the recovery trend from the second quarter became more prominent in the third quarter in light of the strength that the Company is engaged in essential businesses, and coexistence with the new business environment of "with COVID-19". Although the demand will be expected to continue to be robust as essential businesses, there is growing uncertainty for the future due to the resumption of lockdown in European countries and the U.S. in the wake of the resurgence of infections worldwide, and concerns about possible impact of semiconductor shortages on production. Taking into consideration of these factors, the Company will keep on striving to contain and reduce the fixed costs, and revises earnings forecasts.

The forecasts above were prepared on the premise of future forecasts available at the time of the release of this document. Due to unforeseen circumstances, however, the actual results may differ from these forecast data.