News Release

Financial Results for the First Quarter ended June 30, 2018 [IFRS](Consolidated)

July 27, 2018
Stock Listing: TOKYO

Name of the listed company: SEIKO EPSON CORPORATION

Code number: 6724

URL: global.epson.com

Representative: Minoru Usui, President

Inquiries: Tatsuaki Seki, Director, Executive Officer

Tel: +81-266-52-3131

Projected date of Quarterly report: July 31, 2018

Projected date of the beginning of cash dividends: -

Reference materials regarding financial results for the period: Yes

Briefing on quarterly financial results: Yes (for Analysts)

(Amounts are rounded down to the nearest million yen)

1. Results of Three months ended June 30, 2018 (From April 1, 2018 to June 30, 2018)

(1) Consolidated Operating Results

(%:Change from same period previous year)

  Revenue Business Profit Profit from operating activities Profit before tax Profit for the period Profit for the period attributable to owners of the parent company
  Millions of yen % Millions of yen % Millions of yen % Millions of yen % Millions of yen % Millions of yen %
Three months ended June 30, 2018 260,460 2.2 14,624 △12.7 13,491 △8.2 14,334 △0.8 11,226 8.9 11,166 9.4
Three months ended June 30, 2017 254,805 6.6 16,757 159.1 14,689 110.5 14,455 126.9 10,304 145.2 10,204 147.7

Note:

Total comprehensive income for the period:

Three months ended Jun.30, 2018 ¥17,989 million (24.3%)
Three months ended Jun.30, 2017 ¥14,468 million (-%)

Business profit is calculated by subtracting Cost of sales and Selling, general and administrative expenses from Revenue.

  Basic earnings per share Diluted earnings per share
  Yen Yen
Three months ended June 30, 2018 31.70 31.70
Three months ended June 30, 2017 28.97 28.97

(2) Consolidated Financial Position

  Total assets Total equity Equity attributable to owners of the parent company Equity attributable to owners of the parent company ratio
  Millions of yen Millions of yen Millions of yen %
As of June 30, 2018 1,034,753 522,048 519,738 50.2
As of March 31, 2018 1,033,350 515,106 512,727 49.6

2. Cash Dividends

  Cash dividends per share
1st Quarter 2nd Quarter 3rd Quarter Year End Year Total
  Yen Yen Yen Yen Yen
Year ended March 31, 2018 - 30.00 - 32.00 62.00
Year ended March 31, 2019 -        
Year ended March 31, 2019 (Forecast)   31.00 - 31.00 62.00

Note:

Changes from the latest announced forecasts: None

3. Forecast for the Fiscal Year ending March 31, 2019 (From April 1, 2018 to March 31, 2019)

(%:Change from same period previous year)

  Revenue Business Profit Profit from operating activities Profit before tax Profit for the period Profit for the year attributable to owners of the parent company Basic earnings per share
  Millions of yen % Millions of yen % Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen
For the Year ending March 31, 2019 1,050,000 △4.7 80,000 7.0 75,000 15.4 74,000 18.1 58,000 38.9 58,000 38.6 164.67

Note:

Changes from the latest announced forecasts: None

Notes

(1) Changes in status of material subsidiaries during the period (Specified subsidiaries newly consolidated or removed from consolidation): None

(2) Changes in accounting policies, or changes in accounting estimates

  1. Changes in accounting policies required by IFRS: Yes
  2. Changes in accounting policies other than the changes above: None
  3. Changes in accounting estimates: None

(3) Number of shares outstanding

  1. Issued shares (including treasury shares):
  2. Treasury shares:
  3. Average number of shares:
As of June 30, 2018 399,634,778 As of March 31, 2018 399,634,778
As of June 30, 2018 47,406,221 As of March 31, 2018 47,406,139
Three months ended June 30, 2018 352,228,629 Three months ended June 30, 2017 352,225,021
  • * This report is not reviewed by Certified Public Accountants nor Auditors.
  • * Explanation of Appropriate Use of Forecast and Other Special Items

    (Cautionary Statement Concerning Forward-looking Statements)
    This report includes forward-looking statements that are based on management's view from the information available at the time of the announcement. These statements are subject to various risks and uncertainties. Actual results may be materially different from those discussed in the forward-looking statements. The factors that may affect Epson include, but are not limited to, general economic conditions, the ability of Epson to continue to timely introduce new products and services in markets, consumption trends, competition, technology trends, and exchange rate fluctuations.

    (How to access supplementary explanations and details of briefing on financial results)
    The Company is scheduled to hold a briefing for analysts on financial results on Friday, July 27, 2018 and to post materials used at the briefing on the Company's website on that day.

  • * U.S. dollar amounts are presented for the convenience of the readers. This translation should not be construed to imply that the yen amounts actually represent, or have been or could be converted into, equivalent amounts in U.S. dollars. The exchange rate of ¥110.46 = U.S.$1 at the end of the reporting period has been used for the purpose of presentation.

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