Financial Results for the Year ended March 31, 2020 [IFRS] (Consolidated)
April 30, 2020
Stock Listing: TOKYO
Name of the listed company: SEIKO EPSON CORPORATION
Code: 6724URL: corporate.epson/en/
Representative: Yasunori Ogawa, President
Inquiries: Tatsuaki Seki, Director, Executive Officer Tel: +81-266-52-3131
Scheduled date of Annual Shareholders Meeting: June 25, 2020
Scheduled starting date of payment for the dividends: June 26, 2020
Scheduled date to file Annual Securities Report: June 26, 2020
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, 2020 (From April 1, 2019 to March 31, 2020)
(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, 2020 |
1,043,600 | △4.2 | 40,861 | △42.0 | 39,479 | △44.7 | 39,713 | △44.9 | 7,823 | △85.5 | 7,733 | △85.6 |
| 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 |
Note:
Total comprehensive income for the period: Year ended March 31, 2020 (¥3,869) million (-%)
Year ended March 31, 2019 ¥49,542 million (19.1%)
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, 2020 | 22.26 | 22.25 | 1.5 | 3.9 | 3.9 |
| Year ended March 31, 2019 | 152.49 | 152.44 | 10.2 | 6.8 | 6.5 |
*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, 2020 ¥77 million
Year ended March 31, 2019 ¥99 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, 2020 | 1,040,910 | 506,037 | 503,746 | 48.4 | 1,456.20 |
| As of March 31, 2019 | 1,038,389 | 542,747 | 540,181 | 52.0 | 1,533.57 |
(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, 2020 | 102,324 | (76,131) | (283) | 196,245 |
| Year ended March 31, 2019 | 76,961 | (82,738) | (49,430) | 175,238 |
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, 2019 | - | 31.00 | - | 31.00 | 62.00 | 21,848 | 40.7 | 4.1 |
| Year ending March 31, 2020 | - | 31.00 | - | 31.00 | 62.00 | 21,463 | 278.5 | 4.1 |
| Year ending March 31, 2021(Forecast) | - | 31.00 | - | 31.00 | 62.00 | - | ||
* Dividend payout ratio for the fiscal year ending in March 2021 has not been calculated because the consolidated financial outlook has not been finalized.
3. Forecast for the Year ending March 31, 2021 (From April 1, 2020 to March 31, 2021)
It is not possible at this stage to accurately and reasonably calculate the impact of the coronavirus pandemic. Therefore, the consolidated financial outlook for the fiscal year ending in March 2021 has yet to be finalized.
The financial outlook will be announced as soon as it is possible to do so.
*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: None
(3) Number of shares outstanding
(share)
| 1. Issued shares (including treasury shares): | As of March 31, 2020 | 399,634,778 | As of March 31, 2019 | 399,634,778 |
| 2. Treasury shares: | As of March 31, 2020 | 53,703,521 | As of March 31, 2019 | 47,397,639 |
| 3. Average number of shares: | Year ended March 31, 2020 |
347,393,498 | Year ended March 31, 2019 |
352,231,945 |
(Reference) Summary of Non-Consolidated Financial Results
1. Results of the Year ended March 31, 2020 (From April 1, 2019 to March 31, 2020)
(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, 2020 | 715,768 | △9.5 | (27,434) | - | (8,370) | - | (17,240) | - |
| Year ended March 31, 2019 | 790,424 | △3.2 | 8,480 | △45.7 | 33,896 | △21.7 | 30,629 | △25.7 |
| Basic earnings per share | Diluted earnings per share | |
| Yen | Yen | |
| Year ended March 31, 2020 | (49.63) | - |
| Year ended March 31, 2019 | 86.96 | - |
(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, 2020 | 678,957 | 331,393 | 48.8 | 957.97 |
| As of March 31, 2019 | 694,487 | 380,400 | 54.8 | 1,079.96 |
(Reference) Shareholders' equity: As of March 31, 2020 ¥331,393million As of March 31, 2019 ¥380,400million
- * 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)
It is not possible at this stage to accurately and reasonably calculate the impact of the coronavirus pandemic. Therefore, the consolidated financial outlook has yet to be finalized. The financial outlook will be announced as soon as it is possible to do so. - (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 Thursday, April 30, 2020 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 ¥108.585 = U.S.$1 at the end of the reporting period has been used for the purpose of presentation.
Official Account
