Profits Down for Epson’s Past Nine Month, But Revenue, Profits Up for Printer Group
Seiko Epson of Japan has reported financial results for the nine-month period ending on December 31, 2017, with revenue up 8.8 percent year-over-year to ¥833.4 billion yen, but profits down 26.3 percent year-over-year to ¥34.7 billion.
However, Epson says that its inkjet-printer business “continued to expand,” as sales of its high-capacity ink-tank inkjet printers “jumped” in emerging economies, and sales of ink-tank inkjet printers also grew in developed economies. Consumables’ revenue was flat, however, and page printers’ and their consumables’ sales declined, but the latter was the result of Epson focusing on higher-value models.
Total revenue generated by large-format professional inkjet printers increased, due to sales growth in the photo- and graphic-arts printing segments. Epson says it saw “solid demand” in the growing signage, textile, and label printer markets. Revenue generated by point-of-sale (POS) printers also increased.
Revenue for Epson’s entire printer-solution group for the period was ¥553.7 billion, up 8.4 percent year-over-year. Profit for the group was ¥71.1 billion, up 8.2 percent year-over-year.
Epson’s Visual Communications group generated revenue of ¥150.8 billion, up 12.9 percent year-over-year, with profits of ¥18.3 billion, up 54.5 percent year-over-year.
Epson’s Wearable and Industrial Products group generated revenue of ¥128.6 billion, up 6.5 percent year-over-year, with profits of ¥6.7 billion, up 3.7 percent year-over-year.
Other revenue amounted to ¥0.6 billion, down 36.4 percent year-over-year, with a loss of ¥0.4 billion, compared to a loss of ¥0.4 billion for the same period a year earlier.
Epson revised its full-year forecast as shown below, in order to reflect a depreciation of the yen, with revenue up versus its previous forecast, but profits for the full fiscal year, which will end in March 2018, revised downwards:
- November 2017: India’s Printer/MFP Market Records Record Shipments; Epson Inkjet Overtakes HP
- November 2017: Epson to Enter Industrial 3D-Printer Market; 200-PPM Inkjet Copier/MFP May Be on the Way
- October 2017: Revenue up for Epson’s Latest Quarter, but Profits Down
- July 2017: Robust First Quarter for Epson, ‘Acclaim’ for Enterprise Inkjet MFPs
- July 2017: Epson to Replace Toshiba on Tokyo Stock Exchange
- July 2017: Nikkei Demotes Toshiba on Tokyo Stock Exchange; Faces Delisting
- July 2017: Epson Completes Inkjet-Printer Factory as it Anticipates Increased Demand
- May 2017: IDC: Epson Inkjet Overtakes HP in India’s Printer/MFP Market
- May 2017: Slow Fiscal Year for Epson, but ‘Solid Demand’ for High-Capacity Inkjets