Topcon Corp. Reports Consolidated Earnings Results for the Third Quarter of Fiscal 2011; Provides Earnings Guidance for the Year 2011
January 30, 2012
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Topcon Corp. reported consolidated earnings results for the third quarter of fiscal 2011. For the quarter, the company has reported net sales of JPY 68,877 million compared to JPY 70,703 million for the same period a year ago. Operating loss was JPY 1,320 million compared to income of JPY 2,119 million for the same period a year ago. Ordinary loss was JPY 2,828 million compared to JPY 3,421 million for the same period a year ago. Net loss was JPY 5,877 million compared to JPY 3,940 million for the same period a year ago.
The company provided earnings guidance for the year 2011. For the period, the company expects net sales of JPY 97,000 million. Operating income of JPY 1,800 million. Net loss of JPY 5,000 million. ROE of 15.1%.
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.