Consolidated Financial Highlights
JGAAP (Consolidation)
| FY2008 | FY2009 | FY2010 | FY2011 | FY2012 | |
|---|---|---|---|---|---|
| Statement of Income (Billions of yen) | |||||
| Net sales | 1,122.40 | 985.3 | 973.6 | 877.9 | 851.2 |
| Gross profit | 289.4 | 259.4 | 262.9 | 248.8 | 234.4 |
| Operating income (loss) | △ 1.5 | 18.2 | 32.7 | 24.6 | 21.2 |
| Ordinary income | 5.3 | 13.8 | 31.1 | 27.0 | 17.6 |
| Income (loss) before income taxes and minority interests | △ 89.5 | △ 0.7 | 15.3 | 15.6 | △ 3.4 |
| Net income (loss) | △ 111.3 | △ 19.7 | 10.2 | 5.0 | △ 10.0 |
| Statement of Financial Position (Billions of yen) | |||||
| Total assets | 917.3 | 870.0 | 798.2 | 740.7 | 778.5 |
| Shareholders’ equity*1 | 302.6 | 281.2 | 269.2 | 246.4 | 256.7 |
| Interest-bearing liabilities*2 | 351.2 | 311.6 | 272.1 | 239.8 | 271.8 |
| Statement of Cash Flows (Billions of yen) | |||||
| Net cash provided by (used in) operating activities | 44.2 | 56.5 | 32.3 | 26.6 | 42.9 |
| Net cash provided by (used in) investing activities | △ 61.0 | △ 43.2 | △ 23.6 | △ 31.5 | △ 39.5 |
| Free cash flows | △ 16.7 | 13.3 | 8.7 | △ 4.8 | 3.4 |
| Financial and Management Indicators (Billions of yen・％) | |||||
| Research and development expense | 82.0 | 68.8 | 54.3 | 52.1 | 49.9 |
| Capital expenditures | 55.6 | 25.9 | 31.8 | 38.9 | 43.1 |
| Depreciation and amortization | 78.4 | 47.3 | 41.1 | 37.6 | 39.3 |
| Shareholders’ equity ratio | 33.0 | 32.3 | 33.7 | 33.3 | 33.0 |
| ROE (net income (loss)/average shareholders’ equity at beginning and end of year) | △ 29.7 | △ 6.8 | 3.7 | 2.0 | △ 4.0 |
| ROA (Ordinary income/average total assets at beginning and end of year) | 0.5 | 1.6 | 3.7 | 3.5 | 2.3 |
| ROS (Ordinary income (loss)/net sales) | 0.5 | 1.4 | 3.2 | 3.1 | 2.1 |
| Consolidated dividend payout ratio | - | - | 39.0 | 99.2 | - |
| Per Share Data (Yen) | |||||
| Net income (loss) per share (EPS) | △ 566.92 | △ 99.34 | 51.25 | 26.22 | △ 56.41 |
| Shareholders’ equity per share (BPS) | 1,541.16 | 1,407.92 | 1,347.71 | 1,377.60 | 1,435.20 |
| Cash dividends per share | 26.00 | 10.00 | 20.00 | 26.00 | 20.00 |
| Index of Stock Price (Multiples) | |||||
| Price Earnings Ratio (PER) | - | - | 25.99 | 44.24 | - |
| Price Book-value Ratio (PBR) | 0.86 | 1.03 | 0.99 | 0.84 | 0.64 |
| Sales Breakdown by Region (Billions of yen) *3 | |||||
| Japan | 368.7 | 345.0 | 367.5 | 313.9 | 266.6 |
| The Americas | 236.6 | 217.6 | 199.2 | 175.6 | 200.3 |
| Europe | 262.1 | 212.9 | 189.5 | 178.1 | 175.2 |
| Asia/Oceania | 255.0 | 209.8 | 217.3 | 210.3 | 209.1 |
| Average Exchange Rate for the Period (Yen) | |||||
| Yen/U.S. dollars | 100.53 | 92.85 | 85.72 | 79.08 | 83.11 |
| Yen/Euro | 143.48 | 131.15 | 113.12 | 108.98 | 107.14 |
| Number of Employees at Period End (Person) | |||||
| Total | 72,326 | 77,936 | 74,551 | 75,303 | 68,761 |
| Domestic | 24,190 | 22,602 | 20,704 | 19,765 | 18,234 |
| Overseas | 48,136 | 55,334 | 53,847 | 55,538 | 50,527 |
- *1 Shareholders’ equity = total net assets - minority interests
- *2 Lease obligations are included in interest-bearing liabilities.
- *3 Sales (revenue) by region is based on the location of the customers.
IFRS (Consolidation)
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | |
|---|---|---|---|---|---|---|
| Statement of Income (Billions of yen) | ||||||
| Revenue | 1,008.40 | 1,086.30 | 1,092.40 | 1,024.80 | 1,102.10 | 1,089.60 |
| Gross profit | 362.5 | 395.9 | 397.6 | 365.9 | 400.8 | 412.6 |
| Business profit*4 | 90.0 | 101.2 | 84.9 | 65.8 | 74.7 | 70.4 |
| Profit from operating activities | 79.5 | 131.3 | 94.0 | 67.8 | 65.0 | 71.3 |
| Profit before tax | 77.9 | 132.5 | 91.5 | 67.4 | 62.6 | 72.0 |
| Profit for the period attributable to owners of the parent company | 84.2 | 112.5 | 45.7 | 48.3 | 41.8 | 53.7 |
| Statement of Financial Position (Billions of yen) | ||||||
| Total assets | 908.8 | 1,006.20 | 941.3 | 974.3 | 1,033.30 | 1,038.30 |
| Equity attributable to owners of the parent company | 362.3 | 494.3 | 467.8 | 492.1 | 512.7 | 540.1 |
| Interest-bearing liabilities | 220.5 | 185.9 | 141.7 | 146.5 | 166.5 | 142.3 |
| Statement of Cash Flows (Billions of yen) | ||||||
| Net cash provided by (used in) operating activities | 114.8 | 108.8 | 113.0 | 96.8 | 84.2 | 76.9 |
| Net cash provided by (used in) investing activities | △ 41.2 | △ 32.7 | △ 51.5 | △ 75.7 | △ 74.6 | △82.7 |
| Free cash flows | 73.6 | 76.0 | 61.4 | 21.1 | 9.6 | △5.7 |
| Financial and Management Indicators (Billions of yen・％) | ||||||
| Research and development expense | 48.8 | 47.8 | 53.1 | 52.7 | 50.3 | 58.2 |
| Capital expenditures | 37.8 | 45.4 | 69.4 | 75.3 | 79.4 | 82.0 |
| Depreciation and amortization | 40.7 | 44.4 | 45.3 | 43.2 | 49.4 | 55.6 |
| Equity ratio attributable to owners of the parent company | 39.9 | 49.1 | 49.7 | 50.5 | 49.6 | 52.0 |
| ROE (Profit for the period attributable to owners of the parent company/Beginning and ending balance average equity attributable to owners of the parent company) | 27.7 | 26.3 | 9.5 | 10.1 | 8.3 | 10.2 |
| ROA (Business profit/Beginning and ending balance average total assets) | 10.4 | 10.6 | 8.7 | 6.9 | 7.4 | 6.8 |
| ROS (Business profit/revenue) | 8.9 | 9.3 | 7.8 | 6.4 | 6.8 | 6.5 |
| Consolidated dividend payout ratio | 10.6 | 18.3 | 46.9 | 43.9 | 52.2 | 40.7 |
| Consolidated dividend Payout Ratio (Based on Business Profit)*5 | 14.2 | 29.0 | 36.1 | 45.9 | 41.7 | 44.3 |
| Per Share Data (Yen) | ||||||
| Basic earnings per share (EPS) | 235.35*6 | 314.61*6 | 127.94 | 136.82 | 118.78 | 152.49 |
| Equity attributable to owners of the parent company per share (BPS) | 1,012.83*6 | 1,381.66*6 | 1,307.58 | 1,397.40 | 1,455.67 | 1,533.57 |
| Cash dividends per share | 50.00 | 115.00 | 60.00*7 | 60.00 | 62.00 | 62.00 |
| Index of Stock Price (Multiples) | ||||||
| Price Earnings Ratio (PER) | 6.82 | 6.77 | 14.21 | 17.13 | 15.92 | 11.12 |
| Price Book-value Ratio (PBR) | 1.58 | 1.54 | 1.39 | 1.68 | 1.30 | 1.11 |
| Revenue Breakdown by Region (Billions of yen)_ | ||||||
| Japan | 280.9 | 276.2 | 264.0 | 251.3 | 250.1 | 251.4 |
| The Americas | 260.2 | 304.6 | 320.0 | 290.9 | 320.4 | 310.5 |
| Europe | 218.4 | 230.9 | 226.3 | 211.9 | 233.2 | 225.2 |
| Asia/Oceania | 248.8 | 274.4 | 282.0 | 270.5 | 298.2 | 302.4 |
| Average Exchange Rate for the Period (Yen) | ||||||
| Yen/U.S. dollars | 100.23 | 109.93 | 120.14 | 108.38 | 110.85 | 110.86 |
| Yen/Euro | 134.37 | 138.77 | 132.58 | 118.79 | 129.66 | 128.40 |
| Number of Employees at Period End (Person) | ||||||
| Total | 73,171 | 69,878 | 67,605 | 72,420 | 76,391 | 76,647 |
| Domestic | 18,372 | 18,627 | 18,699 | 19,175 | 19,436 | 19,456 |
| Overseas | 54,799 | 51,251 | 48,906 | 53,245 | 56,955 | 57,191 |
- *4 Business profit is calculated by subtracting Cost of sales and Selling, general and administrative expenses from Revenue.
- *5 Calculated based on profit after an amount equivalent to the statutory effective tax rate is deducted from business profit.
- *6 Basic earnings per share (EPS) and equity attributable to owners of the parent company per share (BPS) were calculated under the assumption that the shares split took effect at the beginning of the year ended March 31, 2014.
- *7 Seiko Epson Corporation (the “Company”) completed the Company’s ordinary shares split with an effective date of April 1, 2015. As a result, each share of the Company’s ordinary shares was split into two shares.
