Topcon Corporation
Topcon Corporation, together with its subsidiaries, develops, manufactures, and sells positioning, eye care, and smart infrastructure products in Japan and internationally. It operates in Positioning Business and Eye Care Business segments. The company offers total stations; 3D laser scanners; IT construction and agricultural systems; GNSS receivers for surveying; laser products; and software, in… Read more
Topcon Corporation (TOPCF) - Net Assets
Latest net assets as of September 2025: $666.12 Million USD
Based on the latest financial reports, Topcon Corporation (TOPCF) has net assets worth $666.12 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.76 Billion) and total liabilities ($1.09 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $666.12 Million |
| % of Total Assets | 37.91% |
| Annual Growth Rate | 5.55% |
| 5-Year Change | 48.31% |
| 10-Year Change | 71.46% |
| Growth Volatility | 16.75 |
Topcon Corporation - Net Assets Trend (2005–2025)
This chart illustrates how Topcon Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Topcon Corporation (2005–2025)
The table below shows the annual net assets of Topcon Corporation from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $104.84 Billion | -4.95% |
| 2024-03-31 | $110.30 Billion | +13.65% |
| 2023-03-31 | $97.04 Billion | +13.96% |
| 2022-03-31 | $85.15 Billion | +20.46% |
| 2021-03-31 | $70.69 Billion | +9.32% |
| 2020-03-31 | $64.66 Billion | -9.12% |
| 2019-03-31 | $71.15 Billion | +4.12% |
| 2018-03-31 | $68.34 Billion | +7.93% |
| 2017-03-31 | $63.32 Billion | +3.56% |
| 2016-03-31 | $61.14 Billion | -5.36% |
| 2015-03-31 | $64.61 Billion | +18.93% |
| 2014-03-31 | $54.33 Billion | +10.82% |
| 2013-03-31 | $49.02 Billion | +48.26% |
| 2012-03-31 | $33.06 Billion | -11.21% |
| 2011-03-31 | $37.24 Billion | -10.68% |
| 2010-03-31 | $41.69 Billion | +0.49% |
| 2009-03-31 | $41.49 Billion | -29.85% |
| 2008-03-31 | $59.14 Billion | +7.17% |
| 2007-03-31 | $55.18 Billion | +14.56% |
| 2006-03-31 | $48.17 Billion | +35.25% |
| 2005-03-31 | $35.62 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Topcon Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 278.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $49.14 Billion | 47.52% |
| Common Stock | $16.89 Billion | 16.33% |
| Other Comprehensive Income | $19.75 Billion | 19.10% |
| Other Components | $17.62 Billion | 17.04% |
| Total Equity | $103.41 Billion | 100.00% |
Topcon Corporation Competitors by Market Cap
The table below lists competitors of Topcon Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Naeem Holding
EGX:NAHO
|
$21.13 |
|
Paragon Shipping Inc
PINK:PRGNF
|
$21.34 |
|
BOOHOO GROUP PLC
LSE:DEBS
|
$21.46 |
|
HYBRIGENICS A-
BE:3HB
|
$21.76 |
|
Kings Arms Yard Vct Plc
LSE:KAY
|
$20.84 |
|
Tykhe Corp
PINK:HALB
|
$20.80 |
|
Australian Oil & Gas Corporation
PINK:AOGC
|
$20.80 |
|
GAS2GRID
BE:GT4
|
$20.74 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Topcon Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 108,361,000,000 to 103,407,000,000, a change of -4,954,000,000 (-4.6%).
- Net income of 417,000,000 contributed positively to equity growth.
- Dividend payments of 4,425,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,053,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $417.00 Million | +0.4% |
| Dividends Paid | $4.42 Billion | -4.28% |
| Other Comprehensive Income | $-1.05 Billion | -1.02% |
| Other Changes | $107.00 Million | +0.1% |
| Total Change | $- | -4.57% |
Book Value vs Market Value Analysis
This analysis compares Topcon Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.02x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | $396.46 | $21.81 | x |
| 2006-03-31 | $525.21 | $21.81 | x |
| 2007-03-31 | $590.45 | $21.81 | x |
| 2008-03-31 | $605.49 | $21.81 | x |
| 2009-03-31 | $429.72 | $21.81 | x |
| 2010-03-31 | $437.17 | $21.81 | x |
| 2011-03-31 | $398.50 | $21.81 | x |
| 2012-03-31 | $352.70 | $21.81 | x |
| 2013-03-31 | $519.31 | $21.81 | x |
| 2014-03-31 | $496.21 | $21.81 | x |
| 2015-03-31 | $587.51 | $21.81 | x |
| 2016-03-31 | $541.39 | $21.81 | x |
| 2017-03-31 | $563.30 | $21.81 | x |
| 2018-03-31 | $614.98 | $21.81 | x |
| 2019-03-31 | $651.49 | $21.81 | x |
| 2020-03-31 | $598.61 | $21.81 | x |
| 2021-03-31 | $659.90 | $21.81 | x |
| 2022-03-31 | $794.14 | $21.81 | x |
| 2023-03-31 | $905.97 | $21.81 | x |
| 2024-03-31 | $1028.51 | $21.81 | x |
| 2025-03-31 | $980.86 | $21.81 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Topcon Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.40%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.19%
- • Asset Turnover: 0.87x
- • Equity Multiplier: 2.41x
- Recent ROE (0.40%) is below the historical average (5.25%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 12.08% | 4.43% | 1.15x | 2.37x | $737.26 Million |
| 2006 | 14.19% | 6.60% | 1.15x | 1.87x | $2.00 Billion |
| 2007 | 15.63% | 7.74% | 1.11x | 1.83x | $3.08 Billion |
| 2008 | 13.79% | 6.98% | 0.80x | 2.48x | $2.13 Billion |
| 2009 | -25.10% | -8.87% | 0.94x | 3.01x | $-13.97 Billion |
| 2010 | 0.33% | 0.14% | 0.76x | 3.10x | $-3.92 Billion |
| 2011 | -3.49% | -1.26% | 0.82x | 3.38x | $-4.98 Billion |
| 2012 | -11.28% | -3.73% | 0.82x | 3.70x | $-6.95 Billion |
| 2013 | 1.05% | 0.52% | 0.75x | 2.67x | $-4.34 Billion |
| 2014 | 11.13% | 5.11% | 0.86x | 2.53x | $603.20 Million |
| 2015 | 13.66% | 6.74% | 0.90x | 2.26x | $2.32 Billion |
| 2016 | 7.20% | 3.21% | 0.78x | 2.86x | $-1.63 Billion |
| 2017 | 7.36% | 3.42% | 0.81x | 2.65x | $-1.58 Billion |
| 2018 | 9.24% | 4.14% | 0.91x | 2.47x | $-492.30 Million |
| 2019 | 9.48% | 4.40% | 0.93x | 2.32x | $-360.50 Million |
| 2020 | 1.48% | 0.67% | 0.86x | 2.56x | $-5.38 Billion |
| 2021 | 3.42% | 1.73% | 0.82x | 2.42x | $-4.57 Billion |
| 2022 | 12.80% | 6.06% | 0.95x | 2.21x | $2.34 Billion |
| 2023 | 12.38% | 5.48% | 1.04x | 2.18x | $2.27 Billion |
| 2024 | 4.56% | 2.28% | 0.88x | 2.28x | $-5.90 Billion |
| 2025 | 0.40% | 0.19% | 0.87x | 2.41x | $-9.92 Billion |
Industry Comparison
This section compares Topcon Corporation's net assets metrics with peer companies in the Scientific & Technical Instruments industry.
Industry Context
- Industry: Scientific & Technical Instruments
- Average net assets among peers: $11,768,865,158
- Average return on equity (ROE) among peers: -20.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Topcon Corporation (TOPCF) | $666.12 Million | 12.08% | 1.64x | $21.00 |
| Autoscope Technologies Corp (AATC) | $4.38 Million | -1.14% | 0.21x | $31.60 Million |
| Acorn Energy, Inc. Common Stock (ACFN) | $51.95 Million | -32.17% | 0.30x | $23.47 Million |
| Applied Energetics (AERG) | $21.23 Million | 0.00% | 0.11x | $135.01 Million |
| Ainos Inc (AIMD) | $-3.37 Million | 0.00% | 0.00x | $3.44 Million |
| Anritsu Corporation (AITUF) | $117.52 Billion | 7.89% | 0.30x | $957.96 Million |
| Arbe Robotics Ltd (ARBE) | $40.82 Million | -110.67% | 0.83x | $68.16 Million |
| Haber Inc (ASPT) | $-261.09K | 0.00% | 0.00x | $0.95 |
| Attune RTD Inc (AURT) | $-383.55K | 0.00% | 0.00x | $0.93 |
| AERWINS Technologies Inc. (AWIN) | $15.29 Million | -82.06% | 0.80x | $92.43 |
| Badger Meter Inc (BMI) | $44.01 Million | 15.77% | 1.24x | $4.38 Billion |