The Recycler
  • Static Control June 2022 Masthead Ad
  • https://www.ecs-uk-ltd.co.uk/partner-us?utm_source=tr-636x124-8&utm_medium=didiad
  • Biuromax Web banner June 2022
  • Katun March Web Advert 2021
  • Ninestar Masthead August 2022

Epson records great YoY revenue growth

Epson records great YoY revenue growth

July 30, 2021

The OEM released its first quarter financials result for fiscal year 2021, recording a 88.9% year-on-year growth in revenues.

In the first quarter, Epson recorded revenues of ¥282.1 billion ($/ €), up 88.9% on the same period of the previous year. Operating profit for the quarter was up 19.8% at ¥24.2 billion ($/ €).

Epson said that for the office and home printing, despite ongoing supply chain issues, printer hardware sales increased especially for high-capacity ink tank printers amid strong demand for home printing. Inkjet printer ink sales were down relative to spike in Q1 last year. Epson said that it has seen sales growth for office inkjets amid shift from laser to inkjet printing.

The office and home printing segment recorded revenues of ¥137.1 billion ($/ €), up 34.7% year-on-year. However, business profit for the segment was down 2.7% year-on-year.

Epson forecasts that in the office and home printing segment, ongoing home printing demand will drive sales of high-capacity ink tank printers, ongoing supply chain issues will keep sales prices high and transportation and manufacturing costs will rise amid higher prices.

Categories : City News

Tags : Business Epson Financials OEM

  • Ink Tank web banner new
  • GPI Web advert August 2022
  • Mito July 2022 Web banner
  • Aster July 2022 Web banner
  • Static Control June 2022 Big & Bold Ad
  • IR Italiana Web ad January 2021
  • Apex UStation web banner
  • GM Technology August 2022 Web Ad
  • CTS New Ad March 2022
  • Zhono August 2022 Web ad
  • PCL Web ad January 2021
  • ITP Web ad January 2021
  • HYB Web banner
  • CET June 2022 Web ad
  • CET June 2022 Web ad
  • PCL Web ad January 2021
  • CTS New Ad March 2022
  • HYB Web banner
  • ITP Web ad January 2021
  • Zhono August 2022 Web ad
  • ITP Web ad January 2021
  • HYB Web banner
  • CET June 2022 Web ad
  • CTS New Ad March 2022
  • PCL Web ad January 2021
  • Zhono August 2022 Web ad

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2021 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark