août 06, 2014 17:18 CEST
Epson’s Core Technology Focus Continues to Drive Growth; Outlook Remains Strong in Europe
First Quarter 2014 financial results reflect focus and global success of
strategically realigned product mix. Prospects are positive in Europe following launch of new business inkjet printers and opportunity to be at the heart of the wearable technology revolution
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
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
These results further validate the long-term business strategy put in place by President 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 and sensing. Our technologies all have three main attributes: they are energy saving, compact and high precision.
Epson’s strength lies in our ability to create, 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 stay there.”
Consolidated Financial Highlights
Quarterly Condensed Consolidated Statement of Comprehensive 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
% $2,42
9,538 Business
profit (Note)
9,672 23,510 143.
1%
231,9 45 Profit
from operating activities 7,345 54,620 643.
6% 538,8 71 Profit
before tax 6,512 54,742 740.
6% 540,0 74 Profit
for the period 4,982 46,597 835.
2% 459,7 17 Profit
for the period attributable to owners of the parent company
5,013 46,591 829.
3% 459,6 68
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 $2.5
7
Diluted
earnings per share (in ¥1, $1 unit)
- - -
(Note) Business profit is calculated by subtracting Cost of 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 3,999,6
54 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
% $154,1 33
Net
cash provided by (used in) investing activities
(9,185) (11,290) -% (111,3
85)
Net
cash provided by (used in) financing activities
(4,755) (13,146) -% (129,6
96)
Cash
and cash equivalents at end of period
¥190,688 ¥200,989 5.4
%
$1,982 ,922
Notes
I. Quarterly Condensed Consolidated Financial Statements were disclosed according to IFRS from three months ended June 30, 2014.
II. Figures in 'Change' column are comparisons with the same period of the previous year.
III. Diluted earnings per share is presented only if there are dilutive factors present.
IV. Equity attributable to owners of the parent company is equity excluding non-controlling interest in subsidiaries.
V. U.S. dollar amounts are included solely for the convenience of readers.
These translations should not be construed as representations that the yen amounts actually represent, or have been or could be 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.
Click here to see a full version of the consolidated results and supplementary information, and an explanatory presentation.
À propos d’Epson
Epson est une multinationale innovante réputée dans le secteur de
l’imagerie. Sa vaste gamme de produits s’étend des imprimantes à jet d’encre et systèmes d’impression aux projecteurs 3LCD et aux robots industriels, en passant par les capteurs et autres micro-appareils. Très attachée à la
satisfaction de ses clients dans le monde entier, Epson met un point d’honneur à leur apporter une valeur ajoutée à travers des technologies compactes, peu consommatrices d’énergie et de haute précision répondant à leurs besoins, qu’il s’agisse de particuliers ou d’entreprises, du secteur du
commerce ou de l’industrie.
Conduit par sa maison-mère Seiko Epson Corporation basée au Japon, le groupe Epson emploie plus de 73 000 salariés dans son réseau mondial de 94 entités et est fier de son engagement constant dans la protection de l’environnement, ainsi que de sa contribution à la vie locale sur ses sites d’implantation.
Pour plus d’informations, visitez le site : www.epson.com.
À propos d’Epson Europe
Epson Europe B.V., dont les bureaux se situent à Amsterdam, est le siège social régional du groupe pour l'Europe, Moyen-Orient, Russie et Afrique.
S'appuyant sur une main d'œuvre de 1 655 salariés, Epson Europe a réalisé 1 540 millions d'euros de ventes pour l'exercice fiscal 2012.
http://www.epson.eu
Vision environnementale 2050 http://eco.epson.com
Contacts
Inge Bruffaerts Contact presse
Marketing Services Specialist Epson Belgique
inge.bruffaerts@epson.eu 02/712.30.16
0476/48.50.01
Chris Van den Broeck Contact presse
Account Director chris@whizpr.be 052/55 33 26 0473/31 26 55 Eef Leroy Contact presse Content Manager eef@whizpr.be 052/55 33 26
