Topcon Report 2023
- d i g i t a l t r a n s f o r m a t i o n w i t h a h u m a n t o u c h
To Our Stakeholders
Takashi Eto
President and Chief Executive Officer
Topcon aims to become a company that customers need with our advanced DX solutions.
Our corporate philosophy is Topcon contributes to enrich human life by solving the societal challenges within healthcare, agriculture and infrastructure.
Since our founding, we have developed our business globally, focusing on surveying instruments and ophthalmic medical devices, leveraging our strengths in precision optics and optomechatronics technology.
In 1994, we came up with a new concept of "automating the construction process," which no one had thought of at that time, and created a new business market and potential demands.
This was a turning point, and we promoted mergers and acquisitions of various overseas technology venture companies and distribution companies, integrating our unique technology and ideas and transforming into a solution provider for the "healthcare, agriculture, and construction industries."
Our customers are professionals with specialized knowledge. With a "Think Globally, Act Locally" mindset, we try to explore their needs, listen to their opinions, and propose new unique DX solutions they don't even think of to contribute to creating a prosperous society globally.
This is the "TOPCON WAY" that we aim for.
Going forward, with a customer-oriented,field-oriented approach and a spirit of challenge, we will continue to strive for "the company that is needed" by stakeholders and promote ESG (environmental, social, and governance) management through our business.
A digital transformation with a human touch.
01 TOPCON REPORT 2023
A digital transformation with a human touch
Topcon perceives it as its purpose to leverage digital transformation (DX) to provide unique solutions to societal challenges in the areas of healthcare, agriculture and infrastructure, which are essential for people around the world to live better lives. Pivoting on "leading-edge hardware" that captures potential customer needs, it has promoted the use of software technologies acquired through overseas M&A (mergers and acquisitions) and other activities, as well as digitalization and automation.Through integration with IoT networking technologies where all things are connected to the network, it has created new DX solutions to transform customers' approach to work itself, across fields including construction, agriculture, and eye care.
Topcon's strength lies in its dual-pronged approach to business growth, driven by leading-edge hardware products as well as services in our solutions business. In addition to the core optical and sensing technologies developed since its founding, Topcon integrates applied technologies such as image processing, machine learning, automation, and remote operation to provide a diverse range of DX solutions in the areas of healthcare, agriculture and infrastructure.
In this Integrated Report, Topcon hopes to clarify its significance of existence and social mission, convey its vision for corporate value to achieve a sustainable society and sustainable growth for the Topcon Group, and communicate Topcon's "value creation process" with a sense of plot and in an accessible way to all stakeholders.
Creating a system for eye disease screening
H e a l t h c a r e | |
To Our | |
Stakeholders | |
A g r i c u l t u r e | I n f r a s t r u c t u r e |
Automation of | Automation of |
farm operations | construction process |
TOPCON selected for the fourth consecutive year as a DigitalTransformation Stock (DX stock), and first time chosen for the DX Grand Prix!
Topcon Corporation (Headquarters: Itabashi,Tokyo; President and CEO:Takashi | |
Eto) has been selected for the DX Grand Prix 2023 in the DigitalTransformation | |
Stock (DX Stock) designated by the METI (Ministry of Economy, Trade, and | |
Industry) and theTokyo Stock Exchange. | |
DX Stocks are selected for each industry category, targeting companies | |
listed on the Tokyo Stock Exchange that have established internal systems to | |
promote DX that contributes to improving corporate value. These companies | |
fundamentally transform their business models based on digital technologies | |
and aim to achieve new growth and enhance their competitiveness through | |
digital transformation. | |
Topcon has been selected for four consecutive years since 2020, and this | DX Grand Prix |
year was chosen as a "DX Grand Prix company," an award for being a leading | |
company in the selected stocks. | 2023 |
TOPCON REPORT 2023 02
Philosophy System
Under current business situation such that it is always required to demonstrate its all-round ability, it redefined and clarified its common values transcending nationalities and individual companies in order to exert its strengths such as global scale and diversity, and to build a self- supporting organizational culture. Every employee conductsTOPCON WAY, andTopcon group will step in brandnew direction for centennial through which it does not only conduct its strategies to strengthen the profitability by foreseeing changes of business environment, but also enhance its capability with the mindset of TOPCON WAY.
Corporate Identity
Topcon contributes to enrich
human life by solving the societal
challenges within healthcare, agriculture and infrastructure.
Management Policy
Topcon focuses on leading-edge
technology to provide new value through
innovation and manufacturing.
Topcon respects diversity and
acts as a global company.
Topcon places the utmost priority on compliance and continues to be a trustworthy partner to all stakeholders.
03 TOPCON REPORT 2023
Table of Contents
01 | Introduction | |
Message from the CEO | 01 | |
Philosophy System | 03 | |
Toble of Contents | 04 | |
Societal issues around the world | 05 | |
This is the future Topcon is aiming for | 06 | |
Topcon's digital transformation | 07 | |
Topcon's Overview | 09 |
11
21
27
37
47
Topcon's Path Forward
Message from the CEO
Mid-term Business Plan 2025
Financial Strategy
Strategies by Business
Topcon's Value Creation
Value Creation Process
Topcon's Manufacturing Craftsmanship
Sustainability
Sustainability
Materiality
Environmental Initiatives
Societal Initiatives
Governance
Corporate Governance Initiatives
Compliance / Risk Management
Management Structure
Information
Financial Highlights
Discussion and Analysis of Financial Results
Topcon Group List
Corporate Profile and Stock Information
11
15
16
17
21 | Editorial Policy |
23 | As stated in our Corporate Identity, |
Topcon contributes to enrich human | |
life by solving the societal challenges | |
within healthcare, agriculture | |
and infrastructure. Based on this | |
identity, Topcon strives to contribute | |
to the development of society | |
and conservation of the global | |
environment, through its unique | |
27 | products and services. In FY2016, |
we began publishing the Integrated | |
30 | Report, "Topcon Report" in order |
to inform the public regarding our |
31 initiatives to continuously increase Topcon's corporate value over the
34 long term. The Topcon Report centers on information that has a significant
impact on our corporate value. It | |
uses as references the disclosure | |
framework of the International | |
Integrated Reporting Council (IIRC), | |
as well as the | |
37 | Guidance for |
Collaborative | |
41 | |
Value Creation | |
45 | of the Ministry |
of Economy, | |
Trade and | |
Industry. | |
Note on performance forecasts and | |
outlook statements | |
47 | All plans, strategies, future |
49 | performance forecasts, and outlooks |
presented in this report are based on | |
51 | information currently available to the |
Company. Our actual performance |
53 may deviate from these statements if conditions change in the future.
TOPCON REPORT 2023 04
Introduction
Societal issues
around
the world
If eye disease is found earlier,
people might not go blind.
If food production is more stable,
people might not suffer from hunger.
If there are safer bridges, families might be
able to attend hospitals and schools.
At least 2.2 billion people have a vision impairment globally.
Over 800 million people are affected by hunger globally.
Globally, almost 1 billion people don't have safe access to health care or education.
Let's focus on what is happening in the world.
Look around and imagine someone in trouble.
05 TOPCON REPORT 2023
This is the future
Topcon
is aiming for
Introduction
A world where everyone can live a comfortable life with healthy eyes.
A world where everyone can benefit from
robust and stable food production.
A world where everyone can live safely in an environment with good infrastructure.
Look at what's going on in the world and
imagine everyone happy.
We can make that happen with our innovation
and technology.
Topcon has that in mind.
H e a l t h c a r e
A g r i c u l t u r e
I n f r a s t r u c t u r e
Topcon's Path Forward Topcon's Value Creation
Sustainability
Governance
Information
TOPCON REPORT 2023 06
Introduction
Topcon's digital transformation
That's why Topcon continues to solve societal challenges in healthcare, agriculture, people around the world live better lives.
Societal challenges
DX solution
Creating a system for eye disease screening
H e a l t h c a r e
Increase in eye disease resulting from global population aging
Global shortage of ophthalmologists
Contribute to the early detection/early treatment of eye diseases and improvement of medical efficiency by making fundus photography available
in settings that people frequent, such a general practitioners and optical stores, thereby utilizing cloud-type IoT platforms to enable remote diagnosis by specialist physicians and AI diagnosis.
Remote Diagnosis | |||||||||||||||
地域医療連携 | |||||||||||||||
AI Diagnosis | |||||||||||||||
遠 隔 診断 | Referral Network | ||||||||||||||
A I 診断 | |||||||||||||||
Optical Store | 介Nursing護施設 | ||||||||||||||
Home | |||||||||||||||
Drug Store | General | ||||||||||||||
かかりつけ医 | |||||||||||||||
Practitioner | |||||||||||||||
Preventive (Screening) | Diagnosis Treatment | Prognostic (Follow-up) | |||||||||||||
Screening examination becomes available at the places other than ophthalmology
Automation of farm operations
A g r i c u l t u r e
Food shortages resulting from
global population growth
Decreases in crop production and damage caused by global warming and extreme weather events
Unified management of all data of the agricultural management cycle (planning, seeding, growing and harvesting). Through performing agricultural tasks combining auto-steering systems and growth sensors based on those data, Topcon will contribute
to the improvement of productivity and quality of agriculture.
Planning | Seeding | Growing | Harvesting |
Auto steering and unif ication of data management
I n f r a s t r u c t u r e
Shortage of skilled engineers resulting
from globally rising infrastructure
demands
Intensifying and frequent disasters associated with climate change
Automation of the Construction Process
We are identifying work | ||||
progress, operation status | ||||
of construction machinery | ||||
and material control | ||||
on a real-time basis by | ||||
connecting data from the IT | ||||
construction system and 3D | ||||
measurement devices to the | ||||
office. Unifying management | ||||
of the construction workflow | ||||
of measurement, design, | ||||
construction and inspection | Survey | Design | Construction | Inspection |
contributes to improving | ||||
productivity and resolving | Unif ication of construction work flow |
labor shortages. | |
07 TOPCON REPORT 2023
and infrastructure with our leading-edge digital transformation solutions to help
Case Study Report of Issue Solving
Introduction
Aboriginal medical staff performing examination using a full-auto medical device
Mobile examination Vision Van
Route of the Vision Van crossing the vast land of Western Australia
Fertilizer distributor mounted with laser-type sensors and auto-steering system
Laser-type growth sensor
Visualizing by color-coding the level of crop growth on the map
Australia
Contributing to the prevention of blindness among the Aboriginal people;supporting remote eye care
The rate of blindness among Australia's Aboriginal people is about three times that of non- indigenous people. Of these cases, it is said that 90% could have been prevented*.
Topcon, assenting to an NGO that offer remote diagnosis services in Wester Australia to promote the early detection/early treatment of eye diseases and prevent blindness, provided fully-automatic medical devices and remote care platforms. By installing Topcon devices on the NGO's mobile vision van to support remote check-ups and having expert ophthalmologists perform remote diagnosis by reviewing data via the cloud, Topcon supported real-time remote eye care in remote indigenous communities. By supporting the remote medical system using Topcon's systems, we are contributing to the early detection/early treatment of serious eye diseases such as diabetic retinopathy.
*The Fred Hollows Foundation https://www.hollows.org/au/what-we-do/indigenous-australia/aboriginal-and-torres-strait-islander-eye-health
Ireland
Contributing to "green" agriculture in harmony with the environment "Visualize" the level of growth to increase potato production
With the aim of environmentally friendly and sustainable agriculture, a large-scale potato farm in Ireland was searching for a method of farming that could reduce chemicals such as pesticides while maintaining productivity. They used Topcon's laser-type growth sensors to research the correlation of changes in soil caused by the amount of fertilizers and pesticides and the growth level of potatoes, and succeeded in eliminating excessive use of chemicals. In addition, their crop yield increased in areas that were considered to be difficult soil by enabling the optimization of fertilizer use. They also contributed to the reduction of CO2 by using Topcon's auto-steering system. With our systems, Topcon will contribute to a "green agriculture" that enables improved productivity and reduced environmental burden.
Topcon's Path Forward Topcon's Value Creation
Sustainability
Rwanda
Contributing to creating access to healthcare, education and employment by building bridges for communities that risk isolation
To improve the lives of people in areas where access to healthcare, education and employment is insufficient due to a lack of bridges, Topcon has provided measurement devices and software to a U.S.-based NPO with the aim of "eradicating poverty caused by isolation by connecting communities with bridges worldwide." By sharing on-site measurement data with the engineering team in a remote location, the construction process can be made more efficient, productivity and quality can be improved, and bridge construction in emerging countries can be supported. Topcon will continue to support this project and
contribute to the bridging of communities.
Completed Pedestrian bridge | 3D measurement equipment |
provided by Topcon |
Governance
Information
TOPCON REPORT 2023 08
Introduction
Topcon's Overview
Main Products and Solutions
Topcon's proprietary technlogies which realize to enhance the I n f r a s t r u c t u r e automation of construction process
IT Construction | 3D Measurement Equipment | Real-time Construction Management System |
Topcon's proprietary technlogies which realize to enhance the | ||
A g r i c u l t u r e | automation of farm operations | |
Auto Steering System for Agricultural Machines | Laser-type Crop Sensor | Agriculture Management System |
Topcon's proprietary technlogies which realize to create a system | |||
H e a l t h c a r e | for eye screening | ||
Fully Automatic Screening Equipment | Tele-optometry System | Data Management System |
09 TOPCON REPORT 2023
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Topcon Corporation published this content on 27 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 December 2023 03:26:34 UTC.