Topcon (7732.T) Stock Price

Topcon Price

Delisted·Dec 1, 2025
3,285.00JPY+5.00 (+0.15 %)
Last traded price

Revenue has compounded at 4.0% per year over the past 19 years to 216.00 B JPY. Earnings per share have declined at 14.2% per year over the last 19 years. Topcon's net margin stands at 0.2%, down from 1.7% several years earlier. Topcon currently offers a dividend yield of about 0.67%. The payout ratio is around 556% of earnings. The stock trades about 1% above its 52-week low.

Topcon stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Topcon over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Topcon stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Topcon's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Topcon Stock Price History
DateTopcon Price
12/1/20253,285.00 JPY
11/28/20253,280.00 JPY
11/27/20253,280.00 JPY
11/26/20253,280.00 JPY
11/25/20253,280.00 JPY
11/21/20253,280.00 JPY
11/20/20253,285.00 JPY
11/19/20253,285.00 JPY
11/18/20253,285.00 JPY
11/17/20253,285.00 JPY
11/14/20253,283.00 JPY
11/13/20253,282.00 JPY
11/12/20253,279.00 JPY
11/11/20253,283.00 JPY
11/10/20253,283.00 JPY
11/7/20253,284.00 JPY
11/6/20253,282.00 JPY
11/5/20253,282.00 JPY
11/4/20253,282.00 JPY
10/31/20253,283.00 JPY
10/30/20253,283.00 JPY
10/29/20253,283.00 JPY
10/28/20253,283.00 JPY
10/27/20253,283.00 JPY
10/24/20253,285.00 JPY
10/23/20253,283.00 JPY
10/22/20253,283.00 JPY
10/21/20253,283.00 JPY
10/20/20253,283.00 JPY
10/17/20253,283.00 JPY
10/16/20253,283.00 JPY
10/15/20253,283.00 JPY
10/14/20253,285.00 JPY
10/10/20253,281.00 JPY
10/9/20253,284.00 JPY
10/8/20253,282.00 JPY
10/7/20253,282.00 JPY
10/6/20253,280.00 JPY
10/3/20253,281.00 JPY
10/2/20253,278.00 JPY
10/1/20253,278.00 JPY
9/30/20253,276.00 JPY
9/29/20253,238.00 JPY
9/26/20253,286.00 JPY
9/25/20253,280.00 JPY
9/24/20253,281.00 JPY
9/22/20253,277.00 JPY
9/19/20253,288.00 JPY
9/18/20253,280.00 JPY
9/17/20253,281.00 JPY
9/16/20253,282.00 JPY
9/12/20253,281.00 JPY
9/11/20253,281.00 JPY
9/10/20253,284.00 JPY
9/9/20253,286.00 JPY
9/8/20253,294.00 JPY
9/5/20253,296.00 JPY
9/4/20253,295.00 JPY
9/3/20253,294.00 JPY
9/2/20253,293.00 JPY
9/1/20253,294.00 JPY
8/29/20253,294.00 JPY
8/28/20253,293.00 JPY
8/27/20253,294.00 JPY
8/26/20253,295.00 JPY
8/25/20253,294.00 JPY
8/22/20253,294.00 JPY
8/21/20253,293.00 JPY
8/20/20253,294.00 JPY
8/19/20253,293.00 JPY
8/18/20253,291.00 JPY
8/15/20253,292.00 JPY
8/14/20253,291.00 JPY
8/13/20253,292.00 JPY
8/12/20253,292.00 JPY
8/8/20253,291.00 JPY
8/7/20253,293.00 JPY
8/6/20253,293.00 JPY
8/5/20253,292.00 JPY
8/4/20253,293.00 JPY
8/1/20253,293.00 JPY
7/31/20253,295.00 JPY
Access this data via the Eulerpool API

Topcon Revenue, EBIT, Net Income

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
215.63 B JPY
19.54 B JPY
11.81 B JPY
Jan 1, 2024
216.50 B JPY
11.20 B JPY
4.94 B JPY
Jan 1, 2025
216.00 B JPY
8.83 B JPY
417.00 M JPY
Jan 1, 2026 (e)
219.50 B JPY
11.72 B JPY
5.29 B JPY
Jan 1, 2027 (e)
235.40 B JPY
12.57 B JPY
8.62 B JPY
Jan 1, 2028 (e)
243.73 B JPY
13.01 B JPY
17.01 B JPY
Jan 1, 2029 (e)
269.00 B JPY
14.36 B JPY
15.19 B JPY
Jan 1, 2030 (e)
285.30 B JPY
15.23 B JPY
0.00 JPY

Topcon Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 30, 2026, 9:00 PM
 
REVENUEB JPY
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB JPY
EBITB JPY
EBIT MARGIN%
NET INCOMEB JPY
NET INCOME GROWTH%
DIV.JPY
DIV. GROWTH%
SHARESM
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
128.57130.74128.39145.56148.69138.92137.25176.42215.63216.50216.00219.50235.40243.73269.00285.30
10.181.68-1.8013.372.15-6.57-1.2028.5422.220.40-0.231.627.243.5410.376.06
51.5450.2151.0551.5152.8152.2949.4751.0752.1353.0152.7352.7352.7352.7352.7352.73
66.2765.6465.5574.9878.5272.6367.9090.09112.40114.77113.90115.75124.13128.53141.85150.45
16.048.809.5512.0713.605.386.5915.9119.5411.208.8311.7212.5713.0114.3615.23
12.486.737.448.299.143.874.809.029.065.184.095.345.345.345.345.34
8.674.204.406.036.550.942.3810.7011.814.940.425.298.6217.0115.19
45.40-51.594.7237.168.63-85.72154.12350.2910.35-58.16-91.561,169.0662.9497.21-10.67
20.0020.0018.0022.0026.0010.0020.0046.0042.0042.0022.0076.8092.16110.59
53.85-10.0022.2218.18-61.54100.00130.00-8.70-47.62249.0920.0020.00
108.01107.71106.01106.02106.04105.50105.18105.22105.27105.36105.43105.43105.43105.43105.43105.43
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Topcon generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Topcon retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Topcon's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Topcon has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Topcon's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Topcon stock margins

The Topcon margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Topcon. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Topcon.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
49.47 %
4.80 %
1.73 %
Jan 1, 2022
51.07 %
9.02 %
6.06 %
Jan 1, 2023
52.13 %
9.06 %
5.48 %
Jan 1, 2024
53.01 %
5.18 %
2.28 %
Jan 1, 2025
52.73 %
4.09 %
0.19 %
Jan 1, 2026 (e)
52.73 %
5.34 %
2.41 %
Jan 1, 2027 (e)
52.73 %
5.34 %
3.66 %
Jan 1, 2028 (e)
52.73 %
5.34 %
6.98 %

Topcon Stock Revenue, EBIT, Earnings per Share

The Topcon earnings per share therefore indicates how much revenue Topcon has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
1,304.91 JPY
62.68 JPY
22.59 JPY
Jan 1, 2022
1,676.70 JPY
151.25 JPY
101.68 JPY
Jan 1, 2023
2,048.24 JPY
185.58 JPY
112.15 JPY
Jan 1, 2024
2,054.90 JPY
106.34 JPY
46.89 JPY
Jan 1, 2025
2,048.84 JPY
83.72 JPY
3.96 JPY
Jan 1, 2026 (e)
2,082.04 JPY
111.17 JPY
50.20 JPY
Jan 1, 2027 (e)
2,232.86 JPY
119.22 JPY
81.80 JPY
Jan 1, 2028 (e)
2,311.91 JPY
123.44 JPY
161.30 JPY

Topcon business model & stock analysis

Topcon Corp is a Japanese company that was founded in 1932 and specializes in the manufacturing and distribution of precision instruments and electronic devices. It is a leading provider of optical and electronic systems and has developed numerous products and solutions in the fields of surveying, geodesy, construction, agriculture, machinery control, healthcare, and ophthalmology. Topcon is headquartered in Tokyo, Japan and employs over 4,000 people worldwide.

Topcon SWOT Analysis

Strengths

[ { "text": "Strong", "heading": "1." }, { "text": "Technological", "heading": "2." }, { "text": "Diverse", "heading": "3." }, { "text": "Global", "heading": "4." }, { "text": "Strong", "heading": "5." } ]

Weaknesses

[ { "text": "Dependence", "heading": "1." }, { "text": "Limited", "heading": "2." }, { "text": "High", "heading": "3." }, { "text": "Limited", "heading": "4." }, { "text": "Dependence", "heading": "5." } ]

Opportunities

[ { "text": "Growing", "heading": "1." }, { "text": "Emerging", "heading": "2." }, { "text": "Strategic", "heading": "3." }, { "text": "Advancements", "heading": "4." }, { "text": "Infrastructure", "heading": "5." } ]

Threats

[ { "text": "Intense", "heading": "1." }, { "text": "Economic", "heading": "2." }, { "text": "Rapid", "heading": "3." }, { "text": "Regulatory", "heading": "4." }, { "text": "Supply", "heading": "5." } ]

Topcon Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Topcon historical P/E ratio, EBIT multiple, and P/S ratio

Topcon annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Topcon shares outstanding

The number of shares of Topcon was 105.43 M in 2025. This indicates how many shares Topcon is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
105.18 M Stocks
Jan 1, 2022
105.22 M Stocks
Jan 1, 2023
105.27 M Stocks
Jan 1, 2024
105.36 M Stocks
Jan 1, 2025
105.43 M Stocks
Jan 1, 2026 (e)
105.43 M Stocks
Jan 1, 2027 (e)
105.43 M Stocks
Jan 1, 2028 (e)
105.43 M Stocks

Topcon stock splits

In Topcon's history, there have been no stock splits.

Topcon Dividend History

33 years of dividend payments

YearAnnual DividendYoY ChangePayments
202522.00JPY 47.6%
Mar 28, 202522.00JPY 10.0%1/1
202442.00JPY 0.0%
202342.00JPY 8.7%
202246.00JPY 130.0%
202120.00JPY 100.0%
202010.00JPY 61.5%
201926.00JPY 18.2%
201822.00JPY 22.2%
201718.00JPY 10.0%
201620.00JPY 0.0%

Topcon dividend history and estimates

In 2025, Topcon paid a dividend amounting to 22.00 JPY. Dividend means that Topcon distributes a portion of its profits to its owners.
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Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021 (e)
20.00 JPY
0.00 JPY
Jan 1, 2022
46.00 JPY
0.00 JPY
Jan 1, 2023
42.00 JPY
0.00 JPY
Jan 1, 2024
42.00 JPY
0.00 JPY
Jan 1, 2025
22.00 JPY
0.00 JPY
Jan 1, 2026 (e)
0.00 JPY
76.80 JPY
Jan 1, 2027 (e)
0.00 JPY
92.16 JPY
Jan 1, 2028 (e)
0.00 JPY
110.59 JPY

Topcon dividend payout ratio

In 2025, Topcon had a payout ratio of 556.20%. The payout ratio indicates the percentage of the company's profits that Topcon distributes as dividends.
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Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
88.53 %
Jan 1, 2022
45.24 %
Jan 1, 2023
37.45 %
Jan 1, 2024
89.57 %
Jan 1, 2025
556.20 %
Jan 1, 2026 (e)
152.99 %
Jan 1, 2027 (e)
112.67 %
Jan 1, 2028 (e)
68.56 %
Price targets and forecasts for Topcon are not yet available.

Topcon Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
5/10/202455.05JPY57.80 BJPY2024 Q4
1/29/202439.29JPY52.35 BJPY2024 Q3
10/28/202224.64JPY47.62 BJPY2023 Q2
7/26/202218.48JPY43.75 BJPY2023 Q1
5/12/202213.94JPY41.90 BJPY2022 Q4
1/28/20229.04JPY37.38 BJPY2022 Q3
10/29/20217.58JPY39.00 BJPY2022 Q2
7/30/2021-0.20JPY31.71 BJPY2022 Q1
5/11/202117.47JPY38.74 BJPY2021 Q4
1/29/20210.81JPY30.56 BJPY2021 Q3

Topcon shareholder structure

% Name
80.29192%
TK Co., Ltd.
TK Co., Ltd.
6.03647%
BofA Global Research (UK)
BofA Global Research (UK)
3.08201%
UBS AG
UBS AG
2.15916%
Nomura International Plc.
Nomura International Plc.
1.28935%
UBS Asset Management (Americas) LLC
UBS Asset Management (Americas) LLC
1.14526%
Nomura Securities Co., Ltd.
Nomura Securities Co., Ltd.

Topcon Executives and Management Board

SH

Mr. Satoshi Hirano

(66)

Chairman of the Board, Representative Director · since 2010

TE

Mr. Takashi Eto

(64)

President, Chief Executive Officer, Representative Director · since 2013

HA

Mr. Haruhiko Akiyama

(61)

Senior Managing Executive Officer, Chief Director of Finance, Director of Special Demand Business Promotion, Director · since 2014

RO

Mr. Raymond O'Connor

Executive Vice President, Chairman of Subsidiary

TY

Mr. Takayuki Yamazaki

(58)

Senior Managing Executive Officer, Chief Business Integration Officer, Director · since 2014

Topcon Supply Chain

Topcon Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
9 companies
#Name1M3M6M1Y2YTrend
1
0.80
0.46
0.13
-0.37
0.77
2
RBG Holdings
Supplier
-0.24
-0.76
-0.44
0.20
0.76
3
0.20
0.27
-0.13
-0.36
0.72
4
Optomed A
Supplier
-0.25
-0.72
0.03
0.25
0.60
5
0.59
-0.69
0
0.31
0.39
#Name1M3M6M1Y2YTrend
1
-0.36
-0.34
0.17
0.49
2
0.22
-0.77
-0.26
0.22
-0.26
3
GLOSEL
Supplier
0.28
-0.69
-0.43
-0.33
-0.16
4
Aval Data
Supplier
0.59
0.74
0.37
0.23
-0.11

Frequently asked questions about Topcon

The business model of Topcon Corp involves providing innovative technology solutions in the fields of positioning, surveying, and mapping. Topcon Corp offers a comprehensive range of precise positioning instruments, including GPS systems, robotic total stations, and 3D laser scanners. The company also develops monitoring systems for construction and infrastructure projects, as well as advanced medical equipment such as retinal cameras and ophthalmic diagnostic instruments. With a strong focus on research and development, Topcon Corp continually strives to enhance their products' accuracy and efficiency, catering to the needs of professionals in various industries worldwide.

All fundamentals and in-depth analysis of Topcon

Our stock analysis for Topcon stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Topcon. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.