Seiko Epson Corporation
Fiscal Year 2025 (Ending March 2026) Q3 Earnings Presentation
In Q3 of fiscal year 2025, net sales reached 376.5 billion yen (YoY +7.7%), and operating income was 26.4 billion yen (YoY +15.0%), both increasing. The full-year earnings guidance was maintained with net sales of 1.39 trillion yen (previous forecast +1.5%).
Key Figures
- Q3 Fiscal Year 2025 Net Sales: 376.5 billion yen (YoY +7.7%)
- Q3 Fiscal Year 2025 Operating Income: 26.4 billion yen (YoY +15.0%)
- Full-Year Fiscal Year 2025 Net Sales Forecast: 1.39 trillion yen (previous forecast +1.5%)
AI要約
Overview of Performance
In Q3 of fiscal year 2025, although demand remained weak in China and Europe, the Printing Solutions and Manufacturing-related & Wearables segments performed solidly, resulting in net sales of 376.5 billion yen (+7.7% YoY) and operating income of 26.4 billion yen (+15.0% YoY). Operating profit declined year-over-year due to reduced foreign exchange gains but achieved both higher sales and profits. By segment, Commercial & Industrial Printing saw significant growth with net sales of 87.2 billion yen (+22.5%) and operating profit of 18.5 billion yen (+37.6%). Meanwhile, Visual Communications declined with net sales of 47.4 billion yen (-7.0%) and segment profit of 3.1 billion yen (-61.8%).
Full-Year Earnings Forecast and Outlook
The full-year earnings forecast for fiscal year 2025 is maintained at net sales of 1.39 trillion yen (previous forecast +1.5%) and operating income of 75.0 billion yen. The foreign exchange assumption has been adjusted toward yen depreciation, incorporating reduced US tariff costs and a decline in demand for some business segments. By segment, Office & Home Printing, Commercial & Industrial Printing, and Manufacturing-related & Wearables are expected to perform steadily. Visual Communications has lowered its sales forecast in light of stagnant demand in Europe and China. Shareholder returns remain undecided.
