Toslink was common prior to 1989. Plenty of integrated amplifiers, digital preamplifiers, CD players employed the TosLink connector as well as coaxial. It came into being in 1983.
Your Fisher RS-Z1 is part of a series, including some rare power amplifiers. Basically, Sanyo wanted as a last ditch effort to stay relevant, some profitable top models to compete with Sony, Nakamichi, Akai, Pioneer, Technics, Denon etc.
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And in incredibly rare CD recorder using the magneto optical system. I've never seen one anywhere:
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The exterior of the Z series is more impressive than the interiors. The CD player for instance looks great but apart from an outsourced D/A board is extremely cheap on the inside. It was all about marketing. Notice the PCM-58 is just the lowest tier grading with only a single MSB trimpot at a time when other brands were using at least selection K, J or S with up to 4 MSB THD adjustments in their top models. Here's a few shots of the insides of the CD player pictured. IIRC, there was also another model CD player produced in that series too.
http://lampizator.eu/LAMPIZATOR/REFERENCES/fisher_ad-z1/Fisheradz1.html