The Recycler
  • G&G Masthead June 2023
  • Static Control June 2022 Masthead Ad
  • Katun web banner December 2022 NEW
  • Biuromax Web banner June 2022

Epson posts steep declines

October 30, 2019

The OEM has released its financial results for the second quarter and half year ended 30 September 2019.

In their filing issued today, 30th October, Epson reports that the total income for the period for the six months ended 30 September 2019 was ¥4.66 billion ($660.23 million/ €593.99 million), down 86.3 percent compared to the corresponding period in the previous fiscal year which was ¥33.99 billion ($4.81 billion/ €4.33 billion).

Revenue for the three months period ended 30 September was ¥516.11 billion ($7.31 billion/ €6.57 billion), 3.1 percent down on the same period of the previous year and profit was down 39.7 percent, ¥12.28 billion ($1.73 billion/ €1.56 billion).

Epson’s forecast for the fiscal year ending 31 March 2020 was amended down 6.2% to an expected total revenue of ¥1,060 billion ($150.18 billion/ €135.14 billion).

Epson was impacted by a stronger than expected yen affecting the exchange rates with the euro and emerging market currencies, Epson’s business environment was influenced by a greater than anticipated decline in the Chinese and Indian economies, and the impact of China-United States trade friction on investment and other factors in the United States and Europe.

Epson expects their high-capacity ink tank printers to achieve our initial volume target (approx. 10.2 million units) in emerging markets and developed economies such as the United States and Europe.

Epson forecasts that shareholders will receive a dividend of 62 yen per share.

Categories : City News

Tags : Business Epson Financials OEM

  • Ink Tank Big & Bold Banner June 2023
  • Mito Web Ad March 2023
  • Apex web advert May 2023
  • Static Control June 2022 Big & Bold Ad
  • IR Italiana Web ad January 2021
  • GM Technology June 2023 Banner
  • Ninestar Web advert Feb 2023
  • Biuromax Big & Bold April 2023
  • Aster June 2023 Big&Bold
  • GPI Big & Bold June 2023
  • Armor web banner June 2023
  • CET Web Ad Jan 2023
  • HYB October 2022 Web banner
  • Zhono Web Banner May 2023
  • PCL Web Banner May 2023
  • CTS New Ad March 2022
  • ITP Web ad January 2021
  • ITP Web ad January 2021
  • CET Web Ad Jan 2023
  • Zhono Web Banner May 2023
  • CTS New Ad March 2022
  • PCL Web Banner May 2023
  • HYB October 2022 Web banner
  • Armor web banner June 2023
  • CTS New Ad March 2022
  • PCL Web Banner May 2023
  • CET Web Ad Jan 2023
  • Armor web banner June 2023
  • Zhono Web Banner May 2023
  • ITP Web ad January 2021
  • HYB October 2022 Web banner

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2023 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark

The Recycler Subscribe Web ad January 2021
The Recycler Subscribe Web ad January 2021