The foregoing statements regarding future results reflect the Company's expectations based on information available at the time of announcement. The information contains certain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to, the competitive environment, market trends, general economic conditions, technological changes, exchange rate fluctuations and our ability to continue to timely introduce new products and services.
Note regarding business profit
Business profit is calculated by deducting cost of sales and SGA expenses from revenue.
Although not defined in the statement of consolidated comprehensive income, this indicator is very similar to the concept of operating income under J-GAAP. Epson will present this information as a reference, as the Company believes users of financial statements will find it useful when evaluating Epson's financial performance.
Numerical values presented herein
Numbers are rounded down to the unit indicated. Percentages are rounded off to one decimal place. Years mentioned in these materials are fiscal years unless otherwise indicated.
¥361.2B in revenue (+¥65.1B), ¥31.2B in business profit (+¥4.0B), ¥11.0B in profit for the
period (-¥13.9B)
Supply constraints eased, and unit sales increased. Higher selling prices helped offset soaring materials and logistics costs.
While revenue and business profit benefitted from exchange rate volatility, profit for the period was hurt by foreign exchange losses caused by a weakening of the dollar.
Revenue fell short of the internal plan, which served as the basis for the previous outlook (Oct. 28), but business profit slightly exceeded it.
FY2022 full-year financial outlook (vs. 10/28 outlook)
¥1,330.0B in revenue (-¥60.0B), ¥95.0B in business profit (-¥5.0B), ¥67.0B in profit for the
period (-¥15.0B)
The latest outlook reflects the presumption of a further deceleration of the global economy due to factors such as a cooling of consumer spending in the wake of ongoing inflation and the effects of Covid in China.
Profit for the period reflects second-half foreign exchange losses, etc.
This is a summary of the key points in today's presentation.
Our third-quarter results were negatively impacted by high materials and logistics costs but benefitted from an easing of semiconductor supply constraints compared to the same period last year.
Despite the challenges, we recorded both revenue and profit growth due in part to higher selling prices and exchange rate volatility.
The full-year outlook for revenue, business profit, and subsequent levels of profit was lowered on the presumption of a further deceleration of the global economy due to factors such as a cooling of consumer spending in the wake of ongoing inflation and the effects of Covid in China.
Details are provided on the slides that follow.
3
Summary
Third-QuarterFinancial Results
FY2022 Full-Year Financial Outlook & Shareholder Returns
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Seiko Epson Corporation published this content on 31 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 January 2023 08:07:02 UTC.
Seiko Epson Corporation specializes in the design, manufacturing and marketing of printing, visual communication and watchmaking equipment and systems, and industrial devices. Net sales break down by family of products as follows:
- printing equipment (71%): printers, scanners, copiers, digital presses, fax machines, ticket printers, labellers, etc. for businesses and individuals. The group also offers consumables (ink cartridges, toners, ribbons, etc.);
- visual communication systems (14.2%): multimedia projectors, smart glasses, LCD displays, etc. ;
- watches and industrial products (14.1%): electronic and mechanical watches, wristwatches, chronometers, optoelectronic devices, precision machine tools, robotic systems, mechatronic products, micro-devices, etc.
- other (0.7%).
At the end of March 2021, Seiko Epson operated 27 production sites worldwide.
Net sales are distributed geographically as follows: Japan (22.3%), the United States (21%), China (14.5%) and other (42.2%).
SEIKO EPSON CORPORATION 
