Epson Reports Latest Financial Results

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Seiko Epson of Japan reported results for the first half of its fiscal year that ran from April 1 to September 30, 2018, reporting revenue of 271.9 billion yen, down 0.6 percent year-over-year, and profits of 12.1 billion, up 4.5 percent year-over-year.

Revenue for Epson’s Printing Solutions’ business was 178.0 billion yen, up 1.9 percent year-over-year, and profits for the Printing Solutions’ business were 18.3 billion yen, up 4.5 percent year-over-year.

The company reported that high-capacity ink-tank inkjet printer sales were “generally firm,” and that  ink-cartridge inkjet printer sales decreased due to Epson’s actions to maintain prices.

Among Epson’s strategies are to:

  • Expand and enhance its lineup of high-capacity ink-tank inkjet printers.
  • Strengthen promotions and marketing in developed economies as well as in emerging markets.
  • Limit sales of low-price ink cartridge printer models and maintain
    prices.

The firm says it has also:

  • Continued to expand high-capacity ink-tank inkjet printer sales
  • Expanded sales of high-speed line-head inkjet multifunction printers.
  • Expanded in the commercial and industrial printer categories (signage, textiles, and labels).
  • Growed in priority segments of projector market.
  • Expanded into the monochrome model lineup and add different color models

Forecast

For its fiscal year that will end on March 31, 2019, Epson is forecasting revenue of 1,090.0 billion yen, down 12.1 percent versus the previous fiscal year, and profits of 60.0 billion yen, up 18.1 percent versus the previous fiscal year.

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