Notice Regarding Impact of Thailand Flooding and Revised Financial Results Outlook

 

- TOKYO, Japan November 14, 2011 -

Seiko Epson Corporation ("Epson", TSE: 6724) today announced the latest situation about the effect on its businesses of the recent flooding in Thailand, and the subsequent impact on the full-year consolidated financial results outlook for the full year ending March 2012.

1. Flooding situation

There are two Epson Group companies in Thailand: Epson (Thailand) Co. Ltd., (Bangkok), and Epson Toyocom (Thailand) Ltd., (Chachoengsao Province). Epson has not received reports of any harm to its employees or of direct damage to its facilities as a result of the flooding

2. Impact on financial results

The impact of the Thailand flooding was unclear when Epson announced its second quarter business results on October 28. However, after carefully analyzing the situation regarding components procurement, the impact on manufacturing and sales, and the various countermeasures it has implemented, the company has decided to revise its outlook as follows.

Please note that the situation may change according to circumstances in Thailand. Epson will continue to analyze the situation, and will implement countermeasures aimed at minimizing the impact on its financial results.

Revised consolidated financial results outlook for the fiscal year ending March 2012 (April 1, 2011, to March 31, 2012)

(Unit: billion yen, except where stated otherwise)

  Net sales Operating
income
Ordinary
income
Net income Net earnings
per share (yen)
Previous
outlook (A)
910.0 33.0 31.0 10.0 50.15
Revised outlook (B) 907.0 31.0 29.0 8.0 40.12
Difference (B-A) -3.0 -2.0 -2.0 -2.0 -
Change (%) -0.3% -6.1% -6.5% -20% -
Reference:
Previous year
(ending March 2011)
973.663 32.709 31.174 10.239 51.25

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 enterprise and the home, to sensors and other microdevices. Led by the Japan-based Seiko Epson Corporation, the Epson Group comprises more than 78,000 employees in 99 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/