The company grows sales in key printing segments but faces headwinds from forex and tariffs.
Seiko Epson reported full-year revenue of ¥980.1 billion ($6.3 billion/ €5.9 billion) from its printing solutions segment, a 6.7% rise year-on-year. However, while sales of high-capacity ink tank and office inkjet printers grew, the company warned of margin pressures heading into the new financial year.
The printing division delivered segment profit of ¥124.8 billion ($800 million/ €755 million), up nearly 30%. Demand remained strong in emerging markets and Western Europe, where Epson’s high-capacity ink tank models continued to displace laser printers. Office shared inkjet printers also recorded a 13% year-on-year revenue increase.
For fiscal 2025, Epson forecasts printing solutions revenue to fall by 3.1% to ¥950 billion ($6.1 billion/ €5.7 billion), with segment profit projected to drop 15% to ¥106 billion ($680 million/ €640 million). The company cited yen appreciation and U.S. tariffs as key factors squeezing profitability.
Epson estimates the impact of additional U.S. tariffs at ¥17 billion ($109 million/ €103 million), particularly affecting North American sales, although less than 10% of its U.S. imports are produced in China. The group plans to mitigate the effect by shifting production and adjusting prices.
