Topcon : Presentation (with Script) for FY2020 Q3 Financial Results posted

TOPCON CORPORATION

FY2020 Q3 Financial Results

January 29, 2021

Event Overview

[Company]

TOPCON CORPORATION

[Event Type]

Presentation of Financial Results

[Event Name]

FY2020 Q3 Financial Results

[Reported Period]

FY2020 Q3

[Date]

[Time]

[Event Format]

January 29, 2021 3:30 - 4:20 PM

(Total time: 50 minutes; Presentation: 25 minutes; Q&A: 25 minutes)

Online (streamed)

[Number of Speakers]

2

Haruhiko Akiyama

Takaaki HirayamaDirector, Senior Executive Officer, General Manager of Accounting & Finance Div. Executive Officer, General Manager of Corporate Communication Div.

Akiyama:

Thank you very much for taking the time to attend today's presentation.

Today, I will report our financial results for the third quarter followed by full year plan for fiscal year 2020.

First of all, this is an overview of our results for the third quarter.

The graph on the left shows sales and operating income for Q3 YTD. Due to the severe impact of COVID-19, we posted an operating loss in 1H. However, in Q3 YTD, we posted an operating income of 1.5 billion yen and turned profitable despite decreased sales and profit.

The graph on the right shows quarter-by-quarter breakdown. The impact of COVID-19 was significant in Q1 with sales of 75% YoY and operating loss of 2.3 billion yen, followed by 92% YoY in Q2, Then, Q3 sales increased 111% YoY and turned to be profitable with 2.2 billion yen of operating income. The sales were record high in Q3 alone. In terms of operating income, it increased by 2.9 billion yen to 2.2 billion yen, compared to operating loss of 0.7 billion yen in the same period last year.