Epson Reports Growth in Fiscal Results

For the first half year, Epson reported a revenue of  ¥532.3 billion, up ¥5.0 billion year on year. Business profit was ¥27.4billion, down ¥0.7 billion. And profit for the period was ¥20.2 billion, up ¥5.2 billion. Currency volatility over the first two quarters had a ¥3.5 billion negative effect on revenue and a ¥1.1 billion negative effect on business profit.

Other highlights are as follows:

• For the quarter we recorded ¥271.9 billion in revenue, down ¥0.6 billion year on year. Business profit was ¥12.7 billion, up ¥1.3 billion. And profit for the period was ¥9.0

billion, up ¥4.2 billion.

• Currency volatility had a ¥4.0 billion negative effect on revenue for the quarter, and a ¥2.7 billion negative effect on business profit.

Printing solutions profit rose because, in addition to growth in sales of high-capacity ink tank printers, our ink cartridge printer production costs were lower. On the other hand, visual communications and wearable & industrial products profit declined.

More at: https://global.epson.com/