Epson releases latest financial results

October 29, 2020

The OEM has released its consolidated financial results for the six months period ended 30 September 2020.

For the six months period 1 April 2020 to 30 September 2020, recording ¥439.117 billion ($4.21 billion/ €3.6 billion) of revenue, a year-on-year decrease of 14.9%. Operating profit for the period was ¥14.661 billion ($141 million/ €120 million), a year-on-year decrease of 23.4%.

Epson also revised its forecasts for the year ending March 2021 to expected sales of ¥960 billion ($9.21 billion/ €7.87 billion) of revenue, a ¥30 billion ($288 million/ €246 million) decrease from the previous forecast.