TOPCON selected for Japan’s Ministry of Economy, Trade and industry (METI) “Digital Transformation Stocks (DX Stocks) 2020”

Commitment in solving societal challenges within healthcare, agriculture and infrastructure highly acclaimed!!
August 25, 2020

TOPCON Corporation (HQ: Itabashi, Tokyo, CEO Satoshi Hirano) was selected as one of the “Digital Transformation Stocks (DX Stocks) 2020” jointly selected by METI and the Tokyo Stock Exchange.

Recently, a global tide of “digital transformation (DX)” is arising that profoundly innovates business models to be translated into new growth and fortification of competitive strength based on digital technologies such as AI, IoT and big data.

In consideration of such situations, companies that commit to the innovative improvement of productivity, transformation of existing businesses and the creation of new businesses utilizing DX are to be selected as the “Digital Transformation Stocks (DX Stocks)” starting from this year. From among the approximately 3,700 domestic listed companies in the Tokyo Stock Exchange (First Section, Second Section, Mothers, JASDAQ), 35 companies with the highest overall rating were selected for this first year.

We have set a corporate identity of “contributes to enrich human life by solving the societal challenges within healthcare, agriculture and infrastructure”, and is promoting efforts to aim to solve societal challenges in each business field utilizing DX solutions.

■ METI News Release “DX Stocks 2020” and “Noteworthy DX Companies 2020” Selected
https://www.meti.go.jp/english/press/2020/0825_004.html

■Material released by the Ministry of Economy, Trade and Industry (in Japanese pdf file page 30, slide #29)
https://www.meti.go.jp/policy/it_policy/investment/keiei_meigara/report2020.pdf

In each field of “healthcare” “agriculture” and “infrastructure,” TOPCON’s overall efforts including our business models and growth strategies aiming for new value creation, and the supporting global organizational reforms, personnel management and the streamlining of the IT environment was highly appraised.

Healthcare

societal challengesincrease in eye disease resulting from global population aging
DX solutioncreating a system for eye disease Screening

Agriculture

societal challengesconcerns for food shortages resulting from global population growth
DX solutioncentralized management of the agricultural cycle by “Automation of farm operations”

Infrastructure

societal challengesshortage of skilled engineers resulting from globally rising infrastructure demands
DX solutioncentralization of workflow by “Automation of Construction process”

Taking this selection for the “Digital Transformation Stocks (DX Stocks) 2020,” as a good opportunity, TOPCON will strive to further improve our corporate value and ongoing growth, aiming to resolve societal challenges in “healthcare, agriculture and infrastructure.”

*Note: The term “digital transformation (DX)” refers to a situation where a company takes advantage of data and digital technologies to deal with dramatic changes in business environments, change its products, services and business models to meet the demands of customers and society and change its business itself, organizations, processes, corporate culture and corporate climate, so that it can establish a competitive advantage.