Epson reports Q1 financials

July 30, 2019

The OEM has announced its latest financials, Q1 which ended 30 June 2019.

The financial report shows that Epson recorded revenues of ¥249.6 billion ($2.29 billion/ €2.06 billion) for the first quarter, a decrease of 4.2 percent compared to the same reporting period of the previous year. Business profit is showing a big decrease of 69.2 percent with recording only ¥4.5 billion ($41.45 million/ €37.18 million) compared to ¥14.6 billion ($134.5 million / €120.6 million) recorded in the same period of the previous fiscal year.

Total income for the period was recorded as ¥6.95 billion ($64 million/ €57 million).

In its forward-looking projections, Epson has not made any amends and is still forecasting the same for the fiscal year 2020 which will end 31 March 2020.