The back cover was identical; not sure if it was to save costs but it seems possible.
1974 saw Topps pay tribute yet again to an iconic baseball player. This time it was the new (and still rightful IMHO) all-time home run king Hank Aaron getting the full Sy Berger treatment and a nice presentation of his Topps cards:
The big trend in fiscal year 1975 was more international expansion and conquest for Topps. Manufacturing operations had begun in Halle Germany as August Storck began making Bazooka under license. Topps was so impressed with them that they used a nice shot of their plant in the annual report
Of further note was the kickoff of Nigerian operations and the killing off of A&BC Chewing Gum in England. I plan to take an in depth look at the Topps/A&BC relationship at some point but it's interesting that once the A&BC takeover occurred, Topps moved manufacturing to the US on a temporary basis.
In fact, the report mentions that "Throughout fiscal 1975, Topps finished products continued to be sold to distributors in international markets not served by licensees. Most of the merchandise was manufactured at the Topps Duryea plant, and we also purchased some products for these markets from our licensees."
Next post we'll time trip back to the U.S. Bicentennial.