Epson consolidated results for year ended 31st March, 2014

Revised company strategy focusing on core technology areas paying dividends:

Net sales increased by 17.9%, passing the 1,000 billion yen mark for the first time since fiscal year 2008
Operating income quadrupled, up 299.8%
Exchange rates had positive impact, but increases in net sales and income surpass these

Strategically realigned product mix, adopting new business models in existing business segments:

Information-related equipment segment recorded particularly strong year-on-year increases in net sales and income
Increased printer profitability achieved through improved model mix and higher average selling prices
Sales of consumables on an upward trend
Sharp unit shipment growth was achieved in emerging markets through expansion and upgrade of high-capacity ink tank model line-up
Launched commercial printers in areas such as signage and textile printing
Strong projector performance with increased net sales and operating income achieved through increased unit volume in all regions
Devices and precision products delivered net sales increase boosted by high volume sales of microdevices

Consolidated Financial Highlights

Income statements and cash flows data (Millions of yen, thousands of U.S. dollars, except for per share data)

	Year ended March 31	Change	Year ended March 31, 2014
	2013	2014
Statements of Income Data:
Net sales	¥851,297	¥1,003,606	17.9%	$9,751,321
Operating income	21,255	84,968	299.8%	825,573
Ordinary income	17,629	78,121	343.1%	759,045
Net income (loss)	(10,091)	83,698	-%	813,233
Statements of Cash Flows Data:
Net cash provided by (used in) operating activities	42,992	111,253	158.8%	1,080,965
Net cash provided by (used in) investing activities	(39,511)	(39,519)	-%	(383,977)
Net cash provided by (used in) financing activities	21,298	(56,567)	-%	(549,621)
Cash and cash equivalents at the end of the period	184,639	211,500	14.5%	2,054,994
Per Share Data:
Net income (loss) per share -Basic	(¥56.41)	¥467.87	-%	$4.54
-Diluted	¥-	¥-	-%	$-

Balance sheets data (Millions of yen, thousands of U.S. dollars, except for per share data)

	March 31
	2013	2014	2014
Total assets	¥778,547	¥865,872	$8,413,058
Net assets	258,806	351,730	3,417,508
Shareholders’ equity	256,745	349,342	3,394,306
Shareholders’ equity ratio (%)	33.0%	40.3%	40.3%
Shareholders’ equity per share	¥1,435.20	¥1,952.83	$18.97

Cash dividends per share data (Yen, U.S. dollars)

	March 31
Cash dividends per share	2013	2014	2014
Interim	¥13.00	¥13.00	$0.13
Year-end	7.00	37.00	0.35
Total	\20.00	\50.00	$0.48

Notes

The consolidated figures are prepared on the basis of accounting principles generally accepted in Japan, which are different in certain respects as to application and disclosure requirements of International Financial Reporting Standards, and are compiled from the consolidated figures prepared by the Company as required by the Financial Instruments and Exchange Law of Japan.
Figures in ‘Change’ column are comparisons with the same period of the previous year.
Diluted net income per share is presented only if there are dilutive factors present.
Shareholders’ equity is equity excluding minority interest in subsidiaries.
Cash dividend per share (year-end) for the year ended March 31, 2014, is subject to approval at the general shareholders’ meeting.
U.S. dollar amounts are included solely for the convenience of readers. These translations should not be construed as representations that the yen amounts actually represent, or have been or could be converted into U.S. dollars at that or any other rate. The rate of 102.92 = U.S.$1 as of March 31, 2014, has been used for the purpose of presentation.

About Epson

Epson is a global innovation leader dedicated to exceeding expectations with solutions for markets as diverse as the office, home, commerce and industry. Epson’s lineup ranges from inkjet printers, printing systems and 3LCD projectors to industrial robots, smart glasses and sensing systems and is based on original compact, energy-saving, and high-precision technologies.

Led by the Japan-based Seiko Epson Corporation, the Epson Group comprises more than 73,000 employees in 94 companies around the world, and is proud of its ongoing contributions to the global environment and the communities in which it operates.

www.global.epson.com

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Auteursprofiel

Inge Bruffaerts

Marketing Services Specialist, Epson Belgium

Over Epson

Epson is wereldwijd toonaangevend op het gebied van technologie en zet zich in om mensen, dingen en informatie te verbinden met behulp van oorspronkelijke, doelmatige en compacte precisietechnologie. Het productaanbod van ons bedrijf loopt uiteen van inkjetprinters en digitale printsystemen tot 3LCD-projectoren, uurwerken en industriële robots, en wij streven naar het bevorderen van innovaties en het overtreffen van de verwachtingen van onze klanten op het gebied van inkjet, visuele communicatie, wearables en robotica

De Epson-groep, geleid door de in Japan gevestigde Seiko Epson Corporation, telt wereldwijd meer dan 81.000 werknemers in 85 bedrijven en is trots op zijn bijdrage aan de gemeenschappen waarin de groep actief is en zijn voortdurende inspanningen om de milieu-impact te beperken.

global.epson.com