01
Mai
2014
|
17:17
Europe/Amsterdam

Epson consolidated results for year ended 31st March, 2014

Résumé
Revised company strategy focusing on core technology areas paying dividends:
• Net sales increased by 17.9%, passing the 1,000 billion yen mark for the first time since fiscal year 2008
• Operating income quadrupled, up 299.8%
• Exchange rates had positive impact, but increases in net sales and income surpass these

Revised company strategy focusing on core technology areas payingdividends:

· Net sales increased by 17.9%, passing the 1,000 billion yen mark forthe first time since fiscal year 2008

· Operating income quadrupled, up 299.8%

· Exchange rates had positive impact, but increases in net salesand income surpass these

Strategically realignedproduct mix, adopting new business models in existing business segments:

· Information-relatedequipment segment recorded particularly strong year-on-year increases in netsales and income

· Increased printer profitability achievedthrough improved model mix and higher average selling prices

· Salesof consumables on an upward trend

· Sharpunit shipment growth was achieved in emerging markets through expansion and upgradeof high-capacity ink tank model line-up

· Launchedcommercial printers in areas such as signage and textile printing

· Strongprojector performance with increased net sales and operating income achievedthrough increased unit volume in all regions

· Devicesand precision products delivered net sales increase boosted by high volumesales of microdevices

ConsolidatedFinancial Highlights

Income statements and cash flows data(Millionsof yen, thousands of U.S. dollars, except for per share data)

Year ended March 31

Change

Year ended

March 31, 2014

2013

2014

Statements of Income Data:

Net sales

¥851,297

¥1,003,606

17.9%

$9,751,321

Operating income

21,255

84,968

299.8%

825,573

Ordinary income

17,629

78,121

343.1%

759,045

Net income (loss)

(10,091)

83,698

-%

813,233

Statements of Cash Flows Data:

Net cash provided by (used in) operating activities

42,992

111,253

158.8%

1,080,965

Net cash provided by (used in) investing activities

(39,511)

(39,519)

-%

(383,977)

Net cash provided by (used in) financing activities

21,298

(56,567)

-%

(549,621)

Cash and cash equivalents at the end of the period

184,639

211,500

14.5%

2,054,994

Per Share Data:

Net income (loss) per share -Basic

(¥56.41)

¥467.87

-%

$4.54

       -Diluted

¥-

¥-

-%

$-

Balancesheets data(Millions of yen, thousands of U.S. dollars,except for per share data)

March 31

 

2013

2014

2014

Total assets

¥778,547

¥865,872

$8,413,058

Net assets

258,806

351,730

3,417,508

Shareholders’ equity

256,745

349,342

3,394,306

Shareholders’ equity ratio (%)

33.0%

40.3%

40.3%

Shareholders’ equity per share

¥1,435.20

¥1,952.83

$18.97

Cash dividends per share data (Yen, U.S. dollars)

March 31

Cash dividends per share

2013

2014

2014

Interim

¥13.00

¥13.00

$0.13

Year-end

7.00

37.00

0.35

Total

\20.00

\50.00

$0.48

Notes

I. The consolidated figures are prepared on the basis of accounting principlesgenerally accepted in Japan, which are different in certain respects as toapplication and disclosure requirements of International Financial ReportingStandards, and are compiled from the consolidated figures prepared by theCompany as required by the Financial Instruments and Exchange Law of Japan.

II. Figures in ‘Change’ column are comparisons with the same period of theprevious year.

III.  Diluted net income per share is presented onlyif there are dilutive factors present.

IV. Shareholders’ equity is equityexcluding minority interest in subsidiaries.

V.  Cash dividend per share (year-end) for the yearended March 31, 2014, is subject to approval at the general shareholders’meeting.

VI. U.S. dollar amounts are included solely for theconvenience of readers. These translations should not be construed asrepresentations that the yen amounts actually represent, or have been or couldbe converted into U.S. dollars at that or any other rate. The rate of 102.92 =U.S.$1 as of March 31, 2014,  has beenused for the purpose of presentation.