QUICK Corp.

Equity Bottom-Up

Leave the full-year 44% profit decline plan in consideration of risks such as COVID-19
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First half results exceed the company's forecast in advance The consolidated results for 1H of FY3/21 were sales of JPY58.5bn (-16% YoY) and operating loss of JPY770mn (profit of JPY3.81bn in the same period of the previous year). The company promoted some cost reductions, but the sales had a large impact by COVID-19, and OP deteriorated. Looking at OP by segment, all segments deteriorated. In particular, Eye…</li>
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Notes: This is translated from our Japanese report issued on 27 Aug 2020.
Operating loss in 1Q, but sales are on a recovery trend. Newly announced plan for 44% profit reduction for the full year
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In 1Q, the deterioration of Eye Care profit/loss was severe The consolidated financial results for 1Q FY3/21 were sales of JPY24.5bn (-25% YoY) and an operating loss of JPY2.32bn (in the same period of the previous year, profit of JPY1.01bn). Due to the impact of COVID-19, sales fell sharply and profits…</li>
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Japan

Topcorn Corporation manufactures and sells measuring equipment and medical equipment primarily for ophthalmologist use. The Company also manufactures industrial products including projectors and optical devices.