Hello everyone. Thank you very much for taking time to attend today's presentation.
Today, I will report financial results for the FY2020 followed by full year plan for FY2021, topics, and then the summary.
2
This is an overview of our results for FY2020. I remember that I was afraid of the uncertain future when we were facing unprecedented COVID-19 outbreak a year ago and announced our financial results for the FY2019. However, as have been sharing in the past quarterly report, the situation has improved considerably day by day, since then we see definite signs of recovery.
We have been able to maintain such strong performance for the rest of FY2020, and posted increase in operating income YoY despite pandemic. We marked 6.6 billion yen operating income which surpassed previous year's of 5.4 billion yen, also beat the published plan of 4.0 billion yen. I am confident to say that we proved our strength as an Essential Business. In terms of the sales, it was almost flat with 99% YoY.
As the graph on the right shows, sales in Q1 dropped significantly. The sales were the bottom in April, approximately 60% YoY. Then, the sales started to improve gradually, and we marked sales 75% in Q1 followed by 92%, 111%, and 116% YoY respectively from 2nd to 4th quarter. Similarly, the operating income also accelerated the pace of recovery.
3
Here is another overview in terms of balance sheet. We were able to improve our financial base despite COVID-19 pandemic. We generated 19.4 billion yen of operating cash flow, an improvement of 11.5 billion yen over FY2019.
The biggest contribution came from inventory reduction. When we first faced the unprecedented COVID-19, we were deeply concerned about financial embarrassments, however it turned out to be unnecessary anxiety. We are pleased to report that we finally generated record high cash flow.
4
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original document
Permalink
Disclaimer
Topcon Corporation published this content on 31 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2021 09:39:03 UTC.
Topcon Corp is mainly engaged in the manufacture and sale of smart infrastructure products, positioning products and eye care products. The Company operates in four business segments. The Smart Infrastructure segment provides total stations, Layout navigators, three-dimensional (3D) mobile measurement systems, three-dimensional (3D) laser scanners, data collectors, theodolites, rotating lasers and pipe lasers, among others. The Positioning Company segment provides global positioning systems (GPSs) for location survey, civil engineering machine control systems, asset management systems and machine control systems for precision agriculture, among others. The Eye Care segment provides fundus cameras, slit lamps, laser photocoagulators, non-contact type Tono meters, lens edgers, vision inspection equipment and others. The Others segment engages in precision measurement business and optical device business.
TOPCON CORPORATION 
