Financial Results for the Year ended March 31, 2019 [IFRS] (Consolidated)
April 26, 2019
Stock Listing: TOKYO
Name of the listed company: SEIKO EPSON CORPORATION
Code: 6724URL: global.epson.com
Representative: Minoru Usui, President
Inquiries: Tatsuaki Seki, Director, Executive Officer Tel: +81-266-52-3131
Scheduled date of Annual Shareholders Meeting: June 26, 2019
Scheduled starting date of payment for the dividends: June 27, 2019
Scheduled date to file Annual Securities Report: June 27, 2019
Reference materials regarding financial results for the period: Yes
Briefing on financial results: Yes (for Analysts)
(Amounts are rounded down to the nearest million yen)
1. Results of the Year ended March 31, 2019 (From April 1, 2018 to March 31, 2019)
(1) Consolidated Operating Results
(%: Change from the 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 | % | |
| Year ended March 31, 2019 |
1,089,676 | △1.1 | 70,498 | △5.7 | 71,355 | 9.8 | 72,040 | 15.0 | 54,044 | 29.4 | 53,710 | 28.4 |
| Year ended March 31, 2018 |
1,102,116 | 7.5 | 74,785 | 13.6 | 65,003 | △4.3 | 62,663 | △7.1 | 41,764 | △13.8 | 41,836 | △13.4 |
Note:
Total comprehensive income for the period: Year ended March 31, 2019 ¥49,542 million (19.1%) Year ended March 31, 2018 ¥41,581 million (△25.7%)
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 |
ROE*1 | ROA*2 | ROS*3 | |
| Yen | Yen | % | % | % | |
| Year ended March 31, 2019 | 152.49 | 152.44 | 10.2 | 6.8 | 6.5 |
| Year ended March 31, 2018 | 118.78 | 118.75 | 8.3 | 7.4 | 6.8 |
*1 Profit for the period attributable to owners of the parent company / Equity attributable to owners of the parent company (avg. balance)
*2 Business profit / Total assets (avg. balance)
*3 Business profit / Revenue
Reference: Equity gains (losses) of affiliates: Year ended March 31, 2019 ¥99 million Year ended March 31, 2018 ¥74 million
(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 | Equity attributable to owners of the parent company, per share | |
| Millions of yen | Millions of yen | Millions of yen | % | Yen | |
| As of March 31, 2019 | 1,038,389 | 542,747 | 540,181 | 52.0 | 1,533.57 |
| As of March 31, 2018 | 1,033,350 | 515,106 | 512,727 | 49.6 | 1,455.67 |
(3) Consolidated Cash Flows
| Net cash from (used in) operating activities | Net cash from (used in) investing activities | Net cash from (used in) financing activities | Cash and cash equivalents at end of period | |
| Millions of yen | Millions of yen | Millions of yen | Millions of yen | |
| Year ended March 31, 2019 | 76,961 | (82,738) | (49,430) | 175,238 |
| Year ended March 31, 2018 | 84,279 | (74,661) | 37 | 229,678 |
2. Cash Dividends
| Cash dividends per share | Total cash dividends |
Dividend payout ratio |
Ratio of dividends to equity attributable to owners of the parent company | |||||
| 1st Quarter | 2nd Quarter | 3rd Quarter | Year End | Year Total | ||||
| Yen | Yen | Yen | Yen | Yen | Millions of yen | % | % | |
| Year ended March 31, 2018 | - | 30.00 | - | 32.00 | 62.00 | 21,848 | 52.2 | 4.3 |
| Year ending March 31, 2019 | - | 31.00 | - | 31.00 | 62.00 | 21,848 | 40.7 | 4.1 |
| Year ending March 31, 2020(Forecast) | - | 31.00 | - | 31.00 | 62.00 | 48.5 | ||
3. Forecast for the Year ending March 31, 2020 (From April 1, 2019 to March 31, 2020)
(%: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, 2020 |
1,130,000 | 3.7 | 65,000 | △7.8 | 60,000 | △15.9 | 59,000 | △18.1 | 45,000 | △16.7 | 45,000 | △16.2 | 127.75 |
*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
- Changes in accounting policies required by IFRS: Yes
- Changes in accounting policies other than the changes above: None
- Changes in accounting estimates: Yes
For details, please refer to page 12 "2. Changes in Accounting Policies" and page 13 "3. Changes in Accounting Estimates".
(3) Number of shares outstanding
(share)
| 1. Issued shares (including treasury shares): | As of March 31, 2019 | 399,634,778 | As of March 31, 2018 | 399,634,778 |
| 2. Treasury shares: | As of March 31, 2019 | 47,397,639 | As of March 31, 2018 | 47,406,139 |
| 3. Average number of shares: | Year ended March 31, 2019 |
352,231,945 | Year ended March 31, 2018 |
352,227,639 |
(Reference) Summary of Non-Consolidated Financial Results
1. Results of the Year ended March 31, 2019 (From April 1, 2018 to March 31, 2019)
(1) Non-Consolidated Operating Results
(%:Change from same period previous year)
| Net sales | Operating profit | Ordinary profit | Profit | |||||
| Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |
| Year ended March 31, 2019 | 790,424 | △3.2 | 8,480 | △45.7 | 33,896 | △21.7 | 30,629 | △25.7 |
| Year ended March 31, 2018 | 816,898 | 10.7 | 15,623 | 80.2 | 43,272 | 70.5 | 41,220 | 29.9 |
| Basic earnings per share | Diluted earnings per share | |
| Yen | Yen | |
| Year ended March 31, 2019 | 86.96 | - |
| Year ended March 31, 2018 | 117.03 | - |
(2) Non-consolidated Financial Position
| Total assets | Net assets | Equity-to-asset ratio | Net assets per share | |
| Millions of yen | Millions of yen | % | Yen | |
| As of March 31, 2019 | 694,487 | 380,400 | 54.8 | 1,079.96 |
| As of March 31, 2018 | 736,995 | 373,873 | 50.7 | 1,061.45 |
(Reference) Shareholders' equity: As of March 31, 2019 ¥380,400million As of March 31, 2018 ¥373,873million
- * 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 page 4 "4. 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, April 26, 2019 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 ¥110.87 = U.S.$1 at the end of the reporting period has been used for the purpose of presentation.
Official Account
