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Topcon Corporation

Topcon Corporation

TOPCF
Topcon CorporationUS flagOther OTC
21.22
USD
- -
- -
2.24BMarket Cap
Topcon Corporation
TOPCF
(Other OTC)

Recent

price

21.22

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1,024.21
1,106.36
1,067.11
1,042.9
1,080.27
1,190.3
1,213.82
1,211.05
1,373.03
1,402.4
1,316.79
1,304.91
1,676.98
2,048.36
2,055.33
2,049.46
1,063.41
Revenue per Share
1.44
-13.91
-39.8
5.47
55.21
80.27
38.97
41.46
56.86
61.76
8.86
22.59
101.7
112.15
46.9
3.96
41.12
Basic EPS, GAAP
4.77
-39.84
-47.29
0.96
37.51
104.54
-22.76
126.4
89.31
82.74
-3.61
90.55
122.25
3.26
-45.72
-31.14
- -
Free Cash Flow per Basic Share
4.03
3.99
3.99
3.96
8.95
12.98
20.04
20
18
22
26.01
9.99
19.99
45.99
41.99
41.99
- -
Dividend per Share
310.5
292.55
248.48
315.84
318.86
385.76
405.77
433.74
472.61
511.71
496.98
511.24
592.92
659.42
664.43
626.55
643.61
Book Value per Share
283.03
216.4
158.93
322.78
335.09
402.98
208.97
257.3
310.08
365.32
341.01
406.28
525.03
633.73
655.05
659.78
630.89
Tangible Book Value per Share
93
93
93
93
108
108
108
106
106
106
105
105
105
105
105
105
105
Basic Weighted Avg Shares
94,862
102,470
98,834
97,345
116,685
128,569
130,735
128,387
145,558
148,688
138,916
137,247
176,421
215,625
216,497
216,000
112,000
Sales/Revenue/Turnover
1.48
1.76
2.11
5.36
10.05
12.48
6.73
7.44
8.29
9.14
3.87
4.8
9.02
9.06
5.18
4.09
6.58
Operating Margin (%)
6,378
5,285
4,775
5,002
5,585
5,565
7,261
7,111
8,059
8,128
8,756
9,274
9,675
11,972
14,286
14,565
- -
Depreciation Expense
133
-1,288
-3,686
511
5,963
8,670
4,197
4,395
6,028
6,548
935
2,376
10,699
11,806
4,940
417
4,331
Net Income, GAAP
97.27
- -
- -
75.53
41.45
31.96
39.59
40.75
38.88
12.77
70.09
49.4
25.25
25.41
- -
67.16
- -
Effective Tax Rate (%)
0.14
-1.26
-3.73
0.52
5.11
6.74
3.21
3.42
4.14
4.4
0.67
1.73
6.06
5.48
2.28
0.19
3.87
Profit Margin (%)
36,278
29,661
22,832
34,448
46,381
43,152
58,035
56,936
47,371
51,794
30,162
52,880
52,647
55,792
61,428
37,528
44,940
Working Capital
28,632
27,077
25,256
19,002
22,689
14,093
45,927
41,626
34,839
34,350
19,280
39,099
26,359
30,001
49,098
35,966
36,769
LT Debt
41,689
37,238
33,064
49,021
54,327
64,609
61,143
63,312
68,336
71,148
64,658
70,687
85,148
97,039
110,295
104,838
104,229
Total Equity
0.04
- -
- -
1.32
6.69
10.11
4.34
4.41
5.98
9.71
1.32
2.69
9.32
10.31
- -
1.48
- -
Return on Invested Capital (%)
0.3
- -
- -
0.99
7.76
10.68
4.46
4.25
6.53
7.9
1.18
2.34
10.13
10.88
- -
0.69
- -
Return on Capital (%)
0.46
-4.61
-14.71
1.95
18.66
22.78
9.83
9.8
12.55
12.55
1.75
4.47
18.42
17.92
7.09
0.61
6.39
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
30,460
- -
44,978
LT Borrowings
41,554
- -
30,389
LT Finance Leases
7,544
- -
6,380
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
105
- -
105
Market Capitalization
186,735
186,330
145,788

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
134,551
- -
128,463
Cash, Cash Equivalents & STI
19,623
- -
19,331
Accounts Receivable, Net
48,067
- -
45,183
Inventories
57,411
- -
54,364
Total Current Liabilities
73,123
- -
83,523
Payables & Accruals
- -
- -
- -
ST Debt
30,460
- -
44,978
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.36%
10.49%
-4.95%
Free Cash Flow
-510.74%
-839.59%
-31.85%
Net Income, GAAP
27.82%
73.01%
-91.56%
Sales/Revenue/Turnover
5.86%
9.95%
-0.23%
Total Cash Common Dividend
24.21%
32%
0.05%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
49,695
54,802
52,363
59,637
216,497
2025
- -
- -
- -
- -
216,000
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-1.89
- -
- -
- -
46.9
2025
- -
- -
- -
- -
3.96
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
41.99
2025
- -
- -
- -
- -
41.99
2026
- -
- -
- -
- -
- -
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Business
Topcon Corporation (TOPCF), founded in 1932 and headquartered in Tokyo, Japan, develops and manufactures precision optical, sensing, and control technologies powered by digital transformation solutions for healthcare, agriculture, and infrastructure sectors worldwide, with 80% of sales derived from overseas markets and operations spanning North America, Europe, Asia, and other regions. The company offers a comprehensive portfolio of products including ophthalmic instruments such as advanced multimodal imaging systems like 3D OCT scanners, automated refractometers, kerato-refracto-tonometers including the recently launched OMNIA 4-in-1 pretesting solution, fundus cameras, and AI-enhanced diagnostic platforms; positioning technologies encompassing total stations, GNSS systems, 3D scanners, machine control systems, lasers, levels, theodolites, monitoring systems, and software for surveying, construction, and geospatial applications; and agricultural solutions featuring precision automation tools, feed management software, grain cart weighing systems, and IT farming platforms for enhanced productivity. In infrastructure, Topcon provides automation solutions to address skilled labor shortages and improve construction efficiency through IoT-integrated systems like the Topnet Live network, which expanded coverage by 30% in the U.S. in 2024. Recent developments include a management buyout completed via a KKR-led tender offer launched in July 2025 with participation from JIC Capital and CEO Takashi Eto, transitioning the company to private ownership to support its Mid-Term Management Plan 2025 and evolution into New Topcon 2.0 for accelerated growth toward its 2032 centennial; acquisitions of AI health-tech firm Toku in October 2025 and Intelligent Retinal Imaging Systems in August 2025 to bolster oculomics and connected eye care; a strategic agreement with FARO Technologies in February 2025 for laser scanning advancements; launch of the Kui-Navi LN-60 GNSS receiver for Asia in March 2025; and establishment of Southeast Asia's first training center in Malaysia in August 2025 to promote construction digital transformation. Topcon operates 56 consolidated subsidiaries and maintains focus on customer-oriented DX innovations addressing global challenges like aging populations, food insecurity, and infrastructure demands.