Seiko Epson : Financial Results for the First Quarter ended June 30, 2022 (Consolidated)

Code: 6724URL: global.epson.com

Representative: Yasunori Ogawa, President

Inquiries: Tatsuaki Seki, Director, General Administrative Manager, Corporate Strategy and Management Control Division

Tel: [phone]

Scheduled date to file Quarterly Securities Report: August 2, 2022

Scheduled starting date of payment for the dividends: -

Reference materials regarding financial results for the period: Yes

Briefing on quarterly financial results: Yes (for analysts)

(Amounts are rounded down to the nearest million yen)

1. Results of Three months ended June 30, 2022 (From April 1, 2022 to June 30, 2022)

(1) Consolidated Operating Results

(%: Change from same period previous year)

	Revenue		Business Profit		Profit from operating activities		Profit before tax		Profit for the period		Profit for the period attributable to owners of the parent company
	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
Three months ended June 30, 2022	297,874	5.6	22,654	△6.6	31,214	31.9	37,040	57.8	26,682	52.5	26,679	52.5
Three months ended June 30, 2021	282,159	46.0	24,248	455.3	23,670	-	23,469	-	17,499	-	17,493	-

Note:

Total comprehensive income for the period:

Three months ended June 30, 2022 ¥60,746 million (184.9%)
Three months ended June 30, 2021 ¥21,323 million (416.7%)

Business profit is calculated by subtracting Cost of sales and Selling, general and administrative expenses from Revenue.

	Basic earnings per share	Diluted earnings per share
	Yen	Yen
Three months ended June 30, 2022	77.10	77.08
Three months ended June 30, 2021	50.56	50.55

(2) Consolidated Financial Position

	Total assets	Total equity	Equity attributable to owners of the parent company	Equity attributable to owners of the parent company ratio
	Millions of yen	Millions of yen	Millions of yen	%
As of June 30, 2022	1,329,836	715,793	715,672	53.8
As of March 31, 2022	1,266,420	665,740	665,628	52.6

2. Cash Dividends

	Cash dividends per share
	1st Quarter	2nd Quarter	3rd Quarter	Year End	Year Total
	Yen	Yen	Yen	Yen	Yen
Year ended March 31, 2022	-	31.00	-	31.00	62.00
Year ended March 31, 2023	-	-
Year ended March 31, 2023 (Forecast)		31.00	-	41.00	72.00

Note:

Changes from the latest announced forecasts: None
Year-end dividend for the year ending March 31, 2023 (Forecast) includes regular dividend of 31.00 yen and anniversary dividend of 10.00 yen.

3. Forecast for the Fiscal Year ending March 31, 2023 (From April 1, 2022 to March 31, 2023)

(%:Change from same period previous year)

	Revenue		Business Profit		Profit from operating activities		Profit before tax		Profit for the period		Profit for the year attributable to owners of the parent company		Basic earnings per share
	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
For the Year ending March 31, 2023	1,360,000	20.5	100,000	11.6	102,000	8.0	105,000	8.1	74,000	△19.8	74,000	△19.8	213.86

Note:

Changes from the latest announced forecasts: Yes

* Notes

(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting from changes in the scope of consolidation): None

(2) Changes in accounting policies, or changes in accounting estimates

1. Changes in accounting policies required by IFRS: None
2. Changes in accounting policies other than the changes above: None
3. Changes in accounting estimates: None

(3) Number of shares outstanding

(Share)

1. Issued shares (including treasury shares):	As of June 30, 2022	399,634,778	As of March 31, 2022	399,634,778
2. Treasury shares:	As of June 30, 2022	53,614,869	As of March 31, 2022	53,616,006
3. Average number of shares:	Three months ended June 30, 2022	346,019,405	Three months ended June 30, 2021	345,984,340

• * This report is not reviewed by certified public accountants nor auditors.
• * Explanation of appropriate use of forecast and other special items

  (Cautionary statement concerning forward-looking statements)
  This report includes forward-looking statements that are based on management's view from the information available at the time of the announcement. These statements are subject to various risks and uncertainties. Actual results may be materially different from those discussed in the forward-looking statements. The factors that may affect Epson include, but are not limited to, general economic conditions, the ability of Epson to continue to timely introduce new products and services in markets, consumption trends, competition, technology trends, and exchange rate fluctuations.
  Assumptions for the forecasts and warnings for users of the forecasts are available on "Outlook."

  (How to access supplementary explanations and details of briefing on financial results)
  The Company is scheduled to hold a briefing for analysts on financial results on Friday, July 29, 2022 and to post materials used at the briefing on the Company's website on that day.

• U.S. dollar amounts are presented for the convenience of the readers. This translation should not be construed to imply that the yen amounts actually represent, or have been or could be converted into, equivalent amounts in U.S. dollars. The exchange rate of ¥136.600 = U.S.$1 at the end of the reporting period has been used for the purpose of presentation.