Topcon Management

Management criteria checks 2/4

Topcon's CEO is Takashi Eto, appointed in Apr 2023, has a tenure of 1.08 years. directly owns 0.043% of the company’s shares, worth ¥84.50M. The average tenure of the management team and the board of directors is 6.1 years and 7.9 years respectively.

Key information

Takashi Eto

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	1.1yrs
CEO ownership	0.04%
Management average tenure	6.1yrs
Board average tenure	7.9yrs

Recent management updates

Recent updates

CEO

Takashi Eto (63 yo)

1.1yrs

Tenure

Mr. Takashi Eto serves as Representative Director at Topcon Corporation since June 2021 and served as its Managing Executive Officer since April 1, 2016. He serves as President and Chief Executive Officer...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Takashi Eto	CEO, President & Representative Director	1.1yrs	no data	0.043% ¥ 84.5m
Haruhiko Akiyama	Senior Managing Executive Officer	8.1yrs	no data	0.034% ¥ 66.2m
Reiko Watanabe	Senior Executive Officer and GM of General Administration	1.3yrs	no data	no data
Takaaki Hirayama	Executive Officer & GM of Corporate Communication Div.	7.9yrs	no data	no data
Raymond O'Connor	Executive VP & GM of Positioning Company	no data	no data	no data
Ivan Di Federico	Senior Executive Officer	7.9yrs	no data	no data
Takayuki Yamazaki	Senior Managing Executive Officer & Director	4.9yrs	no data	0.028% ¥ 55.2m
Kaoru Kumagai	Managing Executive Officer	4.3yrs	no data	0.018% ¥ 35.0m
Nobuyuki Ryu	Corporate Auditor	7.9yrs	no data	0.010% ¥ 19.6m
David Alan Mudrick	Senior Executive Officer	no data	no data	no data
Fumio Ohue	Senior Vice President	6.1yrs	no data	no data
Yoshikuni Ito	Senior Executive Officer and GM of Corporate Planning & Digital Business Operation Div.	no data	no data	no data

6.1yrs

Average Tenure

61yo

Average Age

Experienced Management: 7732's management team is seasoned and experienced (6.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Takashi Eto	CEO, President & Representative Director	8.9yrs	no data	0.043% ¥ 84.5m
Haruhiko Akiyama	Senior Managing Executive Officer	8.9yrs	no data	0.034% ¥ 66.2m
Takayuki Yamazaki	Senior Managing Executive Officer & Director	7.9yrs	no data	0.028% ¥ 55.2m
Kaoru Kumagai	Managing Executive Officer	2.9yrs	no data	0.018% ¥ 35.0m
Nobuyuki Ryu	Corporate Auditor	4.3yrs	no data	0.010% ¥ 19.6m
Naoki Hidaka	Independent Outside Director	no data	no data	0.0017% ¥ 3.2m
Yoshiharu Inaba	Independent Outside Director	3.9yrs	no data	no data
Akira Sudo	Independent Outside Director	9.9yrs	no data	no data
Satoshi Hirano	Representative Chairman	13.9yrs	no data	0.080% ¥ 156.1m
Katsuhiro Teramoto	Independent Outside Director	less than a year	no data	no data
Naoko Yamazaki	Independent Outside Director	5.9yrs	no data	no data
Keiji Taketani	Outside Corporate Auditor	12.9yrs	no data	no data

7.9yrs

Average Tenure

64.5yo

Average Age

Experienced Board: 7732's board of directors are considered experienced (7.9 years average tenure).

Topcon Management

Management criteria checks 2/4

Key information

Recent management updates

Less than half of directors are independent

Topcon Corporation, Annual General Meeting, Jun 28, 2023

Topcon Corporation Announces CEO Changes, Effective April 1, 2023

Less than half of directors are independent

Topcon Corporation, Annual General Meeting, Jun 28, 2022

Less than half of directors are independent

Recent updates

Is It Time To Consider Buying Topcon Corporation (TSE:7732)?

Capital Allocation Trends At Topcon (TSE:7732) Aren't Ideal

Upcoming dividend of JP¥22.00 per share

Topcon (TSE:7732) Is Due To Pay A Dividend Of ¥22.00

Topcon Corporation to Report Fiscal Year 2024 Results on May 10, 2024

Consensus EPS estimates fall by 12%

Consensus EPS estimates fall by 18%

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Topcon Corporation Revises Earnings Guidance for the Year Ending March 31, 2024

Topcon Corporation to Report Q3, 2024 Results on Jan 29, 2024

Consensus EPS estimates fall by 22%

Price target decreased by 16% to JP¥1,865

Investor sentiment deteriorates as stock falls 16%

Price target decreased by 11% to JP¥2,227

Now 38% undervalued after recent price drop

New major risk - Financial position

Topcon Corporation Revises Earnings Guidance for the Year Ending March 31, 2024

Upcoming dividend of JP¥20.00 per share at 2.4% yield

Topcon Corporation to Report Q2, 2024 Results on Oct 27, 2023

Now 22% undervalued after recent price drop

Price target decreased by 7.2% to JP¥2,634

Now 22% undervalued after recent price drop

New minor risk - Earnings quality

First quarter 2024 earnings released: JP¥1.90 loss per share (vs JP¥26.52 profit in 1Q 2023)

Topcon Corporation Provides Dividend Guidance for the End of Second Quarter and Year-End of Fiscal Year 2023 Ending March 31, 2024

Less than half of directors are independent

Topcon Corporation to Report Q1, 2024 Results on Jul 26, 2023

Now 22% undervalued

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Topcon Corporation, Annual General Meeting, Jun 28, 2023

Topcon Corporation Announces Year End Dividend for the Year Ended March 31, 2023

Upcoming dividend of JP¥22.00 per share at 2.4% yield

Topcon Corporation Announces CEO Changes, Effective April 1, 2023

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Topcon Corporation Provides Earnings Guidance for the Year Ending March 31, 2023

Topcon Corporation to Report Q3, 2023 Results on Jan 30, 2023

Price target decreased to JP¥2,467

Less than half of directors are independent

Price target decreased to JP¥2,467

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Topcon Corporation Revises Year-End Dividend Forecast for the Fiscal Year 2022

Upcoming dividend of JP¥20.00 per share

Topcon Corporation to Report Q2, 2023 Results on Oct 28, 2022

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Topcon Corporation Provides Dividend for the Year Ending March 31, 2023

Consensus EPS estimates increase by 13%

Price target increased to JP¥2,415

Topcon Corporation to Report Q1, 2023 Results on Jul 26, 2022

Topcon Corporation Approves Dividend for the Year Ended March 31, 2022

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Topcon Corporation, Annual General Meeting, Jun 28, 2022

Topcon Corporation Revises Annual Dividend Forecast for Year Ended March 2022

Less than half of directors are independent

Topcon Corporation to Report Fiscal Year 2022 Results on May 12, 2022

Upcoming dividend of JP¥15.00 per share

Investor sentiment deteriorated over the past week

Now 23% undervalued after recent price drop

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Topcon Corporation Provides Dividend Guidance for the Fiscal Year Ending March 31, 2022

Investor sentiment deteriorated over the past week

Now 21% undervalued after recent price drop

Topcon Corporation Unveils MC-Mobile Portable Machine Control Solutions for Compact Equipment

Second quarter 2022 earnings released: EPS JP¥19.58 (vs JP¥4.23 in 2Q 2021)

Investor sentiment improved over the past week

Price target increased to JP¥1,940

Consensus EPS estimates increase to JP¥56.25

First quarter 2022 earnings released: EPS JP¥17.33 (vs JP¥23.60 loss in 1Q 2021)

Price target increased to JP¥1,800

Price target increased to JP¥1,680