News Release

Financial Results for the Second Quarter ended September 30, 2020 [IFRS](Consolidated)

October 29, 2020
Stock Listing: TOKYO

Name of the listed company: SEIKO EPSON CORPORATION

Code: 6724 URL: global.epson.com

Representative: Yasunori Ogawa, President

Inquiries: Tatsuaki Seki, Director, General Administrative Manager, Corporate Strategy and Management Control DivisionTel: +81-266-52-3131

Scheduled date to file Quarterly Securities Report: November 2, 2020

Scheduled starting date of payment for the dividends: November 30, 2020

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 Six months ended September 30, 2020 (From April 1, 2020 to September 30, 2020)

(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 %
Six months ended September 30, 2020 439,117 △14.9 14,661 △23.4 9,286 △52.0 6,972 △63.5 4,272 △65.2 4,232 △65.5
Six months ended September 30, 2019 516,106 △3.1 19,148 △30.1 19,334 △24.5 19,107 △29.0 12,278 △39.7 12,258 △39.3

Note: Total comprehensive income for the period:

Six months ended September 30, 2020 ¥9,348 million (100.5%)
Six months ended September 30, 2019 ¥4,662 million (△86.3%)

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
Six months ended September 30, 2020 12.23 12.23
Six months ended September 30, 2019 35.14 35.13

(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 September 30, 2020 1,082,733 504,183 502,349 46.4
As of March 31, 2020 1,040,910 506,037 503,746 48.4

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, 2020 - 31.00 - 31.00 62.00
Year ending March 31, 2021 - 31.00      
Year ending March 31, 2021(Forecast)     - 31.00 62.00

Note: Changes from the latest announced forecasts: None

3. Forecast for the Fiscal Year ending March 31, 2021 (From April 1, 2020 to March 31, 2021)

(%: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, 2021 960,000 △8.0 35,000 △14.3 28,000 △29.1 24,000 △39.6 8,000 2.3 8,000 3.4 23.12

Note: Changes from the latest announced forecasts: Yes

* Notes

(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting from changes in the scope of consolidation): None

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

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

(3) Number of shares outstanding

(share)

1. Issued shares (including treasury shares): As of September 30, 2020 399,634,778 As of March 31, 2020 399,634,778
2. Treasury shares: As of September 30, 2020 53,655,137 As of March 31, 2020 53,703,521
3. Average number of shares: Six months ended
September 30, 2020
345,957,031 Six months ended
September 30, 2019
348,836,990
  • * 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 Thursday, October 29, 2020 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 ¥105.795 = U.S.$1 at the end of the reporting period has been used for the purpose of presentation.


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