Epson issues latest quarterly results

The OEM has released its latest financial results of the first quarter ending 30 June of fiscal year 2019.

Epson reported a revenue of ¥260.4 billion ($2.34 billion/€2.01 billion) for the second financial quarter that ended 30 June 2018 which is up from ¥254.8 billion ($2.29 billion/€1.97 billion) in the same period of the previous financial year.

Business profit has been listed as ¥14.6 billion ($131.5 million/€112.9 million) down from ¥16.7 billion ($150.4 million/€129.1 million) in the same period of the previous financial year.

Epson declared that high-capacity ink tank printer sales remained strong. ink cartridge printer sales decreased due to actions to maintain prices, ink earnings decreased, Serial Impact Dot Matrix (SIDM) printer sales stayed flat year-on-year. In the large-format printers segment, steady sales growth continued in signage, textile and label printing. Photo and graphics printer revenue decreased due to competitor actions.

Epson says, looking at its forecast for the fiscal year ending 31 March 2019, there are no changes from the latest announced forecasts.