Epson Reports First-Half FY2025 Results

Epson has released its consolidated financial results for the six months ended September 30, 2025.

Financial Highlights

• Revenue: ¥667.4 billion, down 1.0% year-on-year (YoY).
• Business profit: ¥37.4 billion, down 26.7% YoY, due to cost pressures and softer demand.
• Operating profit: ¥31.1 billion, down 10.9% YoY.
• Profit before tax: ¥30.8 billion, down 6.3% YoY.
• Net profit attributable to owners of the parent: ¥18.7 billion, down 19.8% YoY.
• Basic earnings per share (EPS): ¥58.26 (vs. ¥70.43 in 1H FY2024).
• Comprehensive income: ¥26.2 billion, a strong 222% increase, supported by favourable foreign exchange effects.
• Equity ratio: 56.6%, up from 55.3% at the end of March 2025.
• Total assets: ¥1.45 trillion, little changed from the previous fiscal year-end.

Dividends

• Interim dividend: ¥37.00 per share (unchanged).
• Full-year forecast dividend: ¥74.00 per share.

Full-Year Outlook (FY2025/26)

• Revenue: ¥1.37 trillion (+0.5% YoY).
• Business profit: ¥75.0 billion (–16.3% YoY).
• Operating profit: ¥63.0 billion (–16.1% YoY).
• Net profit: ¥41.0 billion (–25.7% YoY).
• EPS forecast: ¥127.95.
• Forecast revised from previous guidance to reflect market conditions.

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