Oct. 28. 2017 — Epson announced its quarterly financial results for the second quarter ended September 30, 2017. Revenue for the quarter was ¥272.5 billion, up 9.7 percent from the previous-year period. For the six-month period, revenue was ¥527.3 billion, up 8.2 percent from the second half of the previous year. Business profit was ¥28.1 billion, up 9.4 percent year on year. Profit from operating activities was ¥23.6 billion, down 14.7 percent year on year. Profit before tax was ¥23.0 billion, down 15 percent year on year. Profit for the period was ¥15.1 billion, down 18.5 percent year on year.
Printing Solutions Segment
Epson noted that Inkjet printer revenue continued to expand, as high-capacity ink tank printer unit shipments jumped in emerging economies and as increased market recognition sparked unit shipment growth in developed countries, as well. Foreign exchange effects also boosted inkjet revenue. Consumables revenue was flat year on year. Page printer sales decreased due to a slump in consumables sales in addition to a decline in unit shipments, the result of Epson’s focus on selling high added value models. SIDM printer revenue declined compared to the same period last year, when there was special demand in the Chinese tax collection system market.
Revenue in the professional printing business increased.
Total revenue from large-format inkjet printers increased because, in addition to sales growth in the existing photo and graphics markets, we saw solid demand in the growing signage, textile, and label printer markets.
Foreign exchange effects also had a positive effect on revenue. Consumables revenue also increased owing to an increase in unit shipments and to foreign exchange effects.
POS system product revenue increased along with an increase in unit shipments of low-end models to meet firm demand in North America. Revenue also benefited from foreign exchange effects. Although somewhat hurt by a decline in sales of page printers and SIDM printers, printing solutions segment profit rose due to a combination of growth in sales of high-capacity ink tank inkjet printers and large-format inkjet printers, and foreign exchange effects.
As a result of the foregoing factors, revenue in the printing solutions segment was ¥342.0 billion, up 7.4 percent year on year. Segment profit was ¥35.9 billion, up 5.9 percent year on year.
Epson did not make changes to its full-year outlook announced in July, forecasting revenue of ¥1,024.8 billion
Read Epson’s full financial results here.
Stay on top of the latest industry news. Have news to share? We want to help you spread the word. Submit your media releases to firstname.lastname@example.org