Sunday, February 16, 2025

Epson Announces Financial Results for the Last Nine Months

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Epson Submits Financial Statements for Nine-Month Period Ending December 31, 2024

Seiko Epson Corporation has published its consolidated financial statement results for the nine months period ending December 31, 2024. Revenue for this period was ¥1,023.8 billion, which is an increase of 3.2 percent compared to the previous year’s figure. The business profit also increased to ¥73.9 billion with a year-over-year increase of 36.1 percent.

Summary of Financial Statements:

  • Revenue: ¥1,023.8 billion which is an increase of 3.2 percent compared to previous year.
  • Business Profit: ¥73.9 billion, which is 36.1 percent increase compared to last year.
  • Profit Before Tax: ¥67.2 billion, which is an increase of 12.7 percent.
  • Profit for Period: ¥47.3billion, which has increased from 11.6 percent compared to last year.

Earnings per share increased from last year’s ¥128.08 to ¥144.12.

Segment Performance:

  • Printing Solutions: Revenue increased due to increased sales of high-capacity ink tank printers. However, due to price reduction and low ink sales due to channel inventory correction, business profit decreased.
  • Visual Communications: Revenue and profit both suffered. Sales during this period dropped when compared with the previous year when the demand was especially strong in Europe and the Americas. In this quarter, some of the reasons for the decline were adjustments to education budgets and tendering possibilities in different nations coupled with the slowdown of the economy in China.
  • Commercial and Industrial Printing: Revenue increased due to strong ink sales; however, business profit remained flat year-over-year because of spending on future growth.

Epson has increased the revenue outlook for the full fiscal year; however, the business profit estimate is expected to remain unchanged. The company expects growing revenue in the Printing Solutions segment but also expects declining revenue from Visual Communications due to market challenges.

The company is set to conduct an analyst briefing on financial results on Friday January 31, 2025, and will publish materials used at the briefing on the company’s website on the same day.