Epson: High-Capacity Ink Tank Printers Perform Well in Asia

Epson released its first quarter financial results for fiscal year 2015 (ending March 2016).

For the last quarter, ending in June, Epson reported a total revenue of JP¥260.9 billion (US$2.1 billion), up 6% year over year (YOY). Business profit saw a decline of 29.8% to JP¥16.5 billion (US$132 billion) YOY, while operating profit was JP¥16.2 billion (US$130 billion), a decrease of 70.2% compared to the same period last year.

Printers revenue was JP¥118.2 billion (US$951 million), an increase of 10.4% YOY, due partly to the effects of foreign exchange. Although inkjet cartridge printer shipments declined, inkjet printer revenue grew sharply especially in Asia, as high-capacity ink tank printers delivered a strong performance. Revenue from consumables increased along with an improved composition of the install base. As Epson shifted its focus to selling models with high added value, page printer revenue decreased due to a decline in unit shipments.

Printing solutions revenue in the business sector was JP¥171.8 billion (US$1.4 billion), up 7.6% YOY, while printing solutions profit declined 22.4% YOY, at JP¥19.2 billion (US$157 million). Epson says this is due to a combination of factors, including: “lower inventory valuations under the lower cost or net realizable value method, as inventory of low-margin ink cartridge printer models temporarily spiked; the stronger U.S. dollar, which caused the cost of products manufactured overseas to rise; and strategic investment and spending on mid-term growth.”

Source: http://global.epson.com/

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