06
Août
2014
|
17:16
Europe/Amsterdam

Epson’s Core Technology Focus Continues to Drive Growth; Outlook Remains Strong in Europe

Résumé
Epson’s global financial results for the quarter ended 30 June 2014 build on the results of the previous financial year (which ended 31 March 2014):

• Revenue increased by 10.9% in Q1 compared to same period FY13
• Business profit was up 143.1% in Q1 compared to same period FY13
• In Europe, revenue increased 16.6% compared to same period FY13

First Quarter 2014financial results reflect focus and global success of strategically realignedproduct mix. Prospects are positive in Europe following launch of new businessinkjet printers and opportunity to be at the heart of the wearable technologyrevolution

Epson’s globalfinancial results for the quarter ended 30 June 2014 build on theresults ofthe previous financial year (which ended 31 March 2014):

  • Revenue increased by 10.9% in Q1 compared to same period FY13
  • Business profit was up 143.1% in Q1 compared to same period FY13
  • In Europe, revenue increased 16.6% compared to same period FY13

All business segments reported healthy results:

  • Information related equipment revenue increased by 10.6% compared to same period FY13
  • Devices & precision products revenue increase 5.9% compared to same period FY13
  • Sensing & industrial solutions revenue increased by 85.5% compared to same period FY13

Theseresults further validate the long-term business strategy put in place byPresident Minoru Usui in 2008, which he describes as follows:

“We aim to make products that others cannot imitate.So we focus on our core technologies in areas like printing, projection andsensing. Our technologies all have three main attributes: they are energysaving, compact and high precision. Epson’s strength lies in our ability tocreate, manufacture, transform and finish products from our core technologies.Our idea is to go to the very top of the market with our products and staythere.”

Consolidated FinancialHighlights

Quarterly Condensed Consolidated Statement ofComprehensive Income

Millions of yen

Change

Thousands of U.S. dollars

Three months ended
June 30

Three months ended June 30,2014

2013

2014

Revenue

¥220,004

¥246,258

10.9%

$2,429,538

Business profit (Note)

9,672

23,510

143.1%

231,945

Profit from operating activities

7,345

54,620

643.6%

538,871

Profit before tax

6,512

54,742

740.6%

540,074

Profit for the period

4,982

46,597

835.2%

459,717

Profit for the period attributable to owners of the parent company

5,013

46,591

829.3%

459,668

Total comprehensive income for the period

¥17,091

¥47,363

177.1%

$467,275

Basic earnings per share
(in ¥1, $1 unit)

¥28.03

¥260.45

$2.57

Diluted earnings per share
(in ¥1, $1 unit)

-

-

-

(Note) Business profit is calculated by subtracting Costof sales and Selling, general and administrative expenses from Revenue.

Quarterly Condensed Consolidated Statement of Financial Position

Millions of yen

Thousands of U.S. dollars

March 31, 2014

June 30, 2014

June 30, 2014

Total assets

¥908,890

¥903,669

$8,915,440

Total equity

364,757

405,405

3,999,654

Equity attributable to owners of the parent company

¥362,371

¥403,146

$3,977,367

Equity attributable to owners of the parent company ratio (%)

39.9%

44.6%

44.6%

Quarterly Condensed Consolidated Statements of Cash Flows

Millions of yen

Change

Thousands of U.S. dollars

Three months ended
June 30

Three months ended June 30,2014

2013

2014

Net cash provided by (used in) operating activities

¥15,126

¥15,623

3.3%

$154,133

Net cash provided by (used in) investing activities

(9,185)

(11,290)

-%

(111,385)

Net cash provided by (used in) financing activities

(4,755)

(13,146)

-%

(129,696)

Cash and cash equivalents at end of period

¥190,688

¥200,989

5.4%

$1,982,922

Notes

  I. Quarterly Condensed Consolidated FinancialStatements were disclosed according to IFRS from three months ended June 30,2014.

  II. Figures in 'Change' column are comparisonswith the same period of the previous year.

  III. Diluted earnings per share is presentedonly if there are dilutive factors present.

  IV. Equity attributable to owners of the parentcompany is equity excluding non-controlling interest in subsidiaries.

  V. U.S. dollar amounts are included solely forthe convenience 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 101.36 =U.S.$1 as of June 30, 2014 has been used for the purpose of presentation.

Clickhere to see a full version of the consolidated results and supplementaryinformation, and an explanatory presentation.