Epson reveals Q3 consolidated financial results

The OEM has published its consolidated operating results for Q3, ending 31 December 2018.

As the results demonstrate, Epson experienced a marginal decrease in revenue from the same financial period in 2017. Revenue for Q3 2018 was ¥829 billion ($7.6 billion/€6.6 billion) while revenue for Q3 2017 was slightly higher at ¥833.4 billion ($7.6 billion/€6.6 billion).

Business profit for Q3 2018 was also slightly lower than Q3 2017, dropping from ¥58.4 billion ($537.7 million/€468.3 million) to ¥58.3 billion ($536.8 million/€467.5 million).

On the other hand, profit from operating activities rose by 11.4 percent, increasing from Q3 2017’s ¥52.2 billion ($480.6 million/€418.5 million) to Q3 2018’s ¥58.1 billion ($535 million/€465.8 million).

Epson notes that comprehensive income for the nine months ending 31 December 2018 was ¥42.2 billion ($388.5 million/€338.4 million) while for the nine months ending 31 December 2017 comprehensive income was ¥54.5 billion ($501.8 million/€437 million).

The OEM has also announced its forecast for the fiscal year ending 31 March 2019, saying it expects to generate revenue of ¥1.07 trillion ($9.8 billion/€8.5 billion) and a business profit of ¥65 billion ($598.5 million/€521.2 million). The company also predicts profit from operating activities of ¥62 billion ($570.8 million/€497.1 million).