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

Epson reports first quarter results

Epson reports first quarter results

July 29, 2022

The OEM reported its first quarter results, saying they were negatively affected by supply chain constraints, which caused unit sales to decrease.

For the reporting period Epson recorded ¥297.8 billion ($2.24 billion/ €2.19 billion) in revenue, a 5.6% increase year-on-year. Business profit slightly decreased (-6.6%) year-on-year at ¥22.6 billion ($170 million/ €166 million).

For the Printing Solutions business segment revenue was ¥197.6 billion ($1.49 billion/ €1.46 billion), a year-on-year increase of 2.8%. Epson said: “With supply constrained due to semiconductor shortages and the Shanghai lockdown, we increased revenue by dynamically adjusting prices based on supply and demand, but profit declined due to soaring material and logistics costs, etc.”

Inkjet printer unit sales decreased, but revenue increased due to dynamic pricing. Sales of ink bottles and ink for office shared inkjet printers increased. Business unit profit increased despite soaring material and logistics costs.

For the full year 2022 Epson has changed its predicted total revenues to be ¥1,360 billion ($10.23 billion/ €10.02 billion), a year-on-year increase of 20.5%.

Categories : City News

Tags : Business Epson Financials OEM

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

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