Notice of Extraordinary Losses

 

- TOKYO, Japan, April 28, 2011 -

Seiko Epson Corporation ("Epson", TSE: 6724) today announced it would book extraordinary losses for the fourth quarter (January 1 to March 31, 2011) of the year ending March 31, 2011.

1. Details of extraordinary losses

(1) Loss on disaster

Epson will book on a consolidated base extraordinary losses of 4,755 million yen associated with the earthquake that struck the Tohoku area of Japan.

(2) Business structure improvement expenses

Epson will book on a consolidated base extraordinary losses of 4,566 million yen associated with the termination of the small- and medium-sized displays business.

2. Impact on business results

The aforementioned extraordinary losses have been reflected in the business results for the full year ended March 2011 announced today. For details, please read the "Consolidated Results for Year Ended March 31 2011."

About Epson
Epson is a global imaging and innovation leader that is dedicated to exceeding the vision of customers worldwide through its compact, energy-saving, high-precision technologies, with a product line-up ranging from printers and 3LCD projectors for business and the home, to electronic and crystal devices.
Led by the Japan-based Seiko Epson Corporation, the Epson Group comprises nearly 75,000 employees in 100 companies around the world, and is proud of its ongoing contributions to the global environment and the communities in which it operates.
http://global.epson.com/