Q1 FY2026 (Fiscal Year Ending March 2027) Financial Results Briefing Materials | SEIKO EPSON CORPORATION (6724) timely disclosure

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Mixed performance

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Scale

150

¥100 million (increase from the previous business profit forecast)

Wording

Conditional

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Contents of this document

Financial Results PresentationFirst quarter of the fiscal year ending March 202714 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales¥3,672 million+14.4%

Operating profit¥206 million+45.7%

Ordinary income¥207 100 million +60.4%profit before tax

Net income¥130 100 million +96.4%profit for the year attributable to owners of the parent

Operating profit margin5.6 %

Selling, general and administrative expenses¥1,056 million

Results for the three months of the current quarter

Revenue¥367.2 billion

Business profit¥22.1 billion

Operating profit¥20.6 billion

Income before taxes¥20.7 billion

Profit for the period attributable to owners of the parent¥13.0 billion

Full-year earnings forecast

Revenue

¥15,100 million

Business profit

¥1,050 million

Operating profit

¥1,010 million

Income before taxes

¥990 million

Profit for the period attributable to owners of the parent

¥690 million

EPS

¥215.34

What the company explained in this material

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Change in sales volume+¥6.9 billion
Price Volatility+¥5.5 billion
Cost changes-¥19.3 billion
Foreign exchange fluctuations+¥9.3 billion

Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.

USD/JPY: ¥156.00 (full-year forecast)
EUR/JPY: ¥178.00 (full-year forecast)
Foreign exchange assumptions from the second quarter onward: USD/JPY ¥155.00, EUR/JPY ¥176.00
SOHO, Home & Office shared main-unit sales volume: approximately 17.20 million units
Projector main-unit sales volume: approximately 1.30 million units

New initiatives

Share repurchase of up to ¥30 billion
Cancellation of all repurchased shares
Winning projects with new products that strengthen competitiveness through robotics
Reflecting higher materials costs in selling prices

Key KPIsA metric the company considers important as a management benchmark.

SOHO, Home & Office shared main-unit sales volume
Year on year against the same period last year±0%
SOHO, Home & Office shared ink revenue
Year on year against the same period last year+16% (yen basis) / +6% (local-currency basis)
Projector main-unit sales volume
Year on year against the same period last year+5%
Number of Employees76,031 people

Unit price and quantity metricsThese figures show sales broken down by price and volume.

SOHO, Home & Office shared main-unit sales volume (total): approximately 17.10 million units (FY2025 actual), approximately 17.20 million units (FY2026 forecast)
High-capacity ink tank models: approximately 13.70 million units (FY2025 actual), approximately 14.10 million units (FY2026 forecast)
Ink cartridge models: approximately 3.05 million units (FY2025 actual), approximately 2.70 million units (FY2026 forecast)
Projector main-unit sales volume: approximately 1.30 million units (FY2025 actual and FY2026 forecast)

Segment results

Precision Innovation
Revenue¥49.8 billion
Year on year against the same period last year+23.5%
Segment profit¥15.5 billion
Year-on-year profit+62.1%
Industrial & Robotics
Revenue¥82.0 billion
Year on year against the same period last year+17.9%
Segment profit¥5.5 billion
Year-on-year profit+44.1%
Office & Home Printing
Revenue¥167.0 billion
Year on year against the same period last year+12.3%
Segment profit¥11.4 billion
Year-on-year profit-21.7%
Visual & Lifestyle
Revenue¥67.2 billion
Year on year against the same period last year+7.2%
Segment profit¥4.2 billion
Year-on-year profit-30.1%

Medium-term management plan targets

Target fiscal yearFY2028

Revenue¥1,500 billion

ROS8.0%

ROE10.0%

ROIC8.0%

Comparison with the FY2026 forecastRevenue ¥1,510 billion, ROS 7.0%, ROE 8.1%, ROIC 6.8%

Financial targets

ROE

FY2026 Forecast8.1%

FY2028 medium-term target10.0%

ROIC

FY2026 Forecast6.8%

FY2028 medium-term target8.0%

Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.

Changes in materials and transportation costs: -¥38.0 billion (business profit bridge for the current forecast)
Other changes: -¥13.0 billion (including higher fixed costs and inventory movements)
US tariff refund: +¥17.0 billion included in the forecast

Market Size / Share

The materials include market trends for A4-size printers, but specific market size and market share figures are Not disclosed

Number of employees

Number of Employees76,031 people

Change during the periodIncreased from 74,619 people at 31 March 2026 to 76,031 people at 30 June 2026

Capital expenditures

¥850 million

Annual Dividend

Annual¥80 per share

Interim¥40 per share

End of period¥40 per share

Acquisition of treasury shares

Buyback limitUp to ¥30 billion

Period7 August 2026 to 31 March 2027

CancellationThe company plans to cancel all shares repurchased under this program

Contents of this document
Item	Details
Document type	Financial Results Presentation
Fiscal Period Covered	First quarter of the fiscal year ending March 2027
Net Sales	¥3,672 million (YoY +14.4%)
Operating profit	¥206 million (YoY +45.7%)
Ordinary income	¥207 100 million (profit before tax) (YoY +60.4%)
Net income	¥130 100 million (profit for the year attributable to owners of the parent) (YoY +96.4%)
Operating profit margin	5.6 %
Selling, general and administrative expenses	¥1,056 million
Results for the three months of the current quarter	Revenue ¥367.2 billion / Business profit ¥22.1 billion / Operating profit ¥20.6 billion / Income before taxes ¥20.7 billion / Profit for the period attributable to owners of the parent ¥13.0 billion
Full-year earnings forecast	Revenue ¥15,100 million / Business profit ¥1,050 million / Operating profit ¥1,010 million / Income before taxes ¥990 million / Profit for the period attributable to owners of the parent ¥690 million / EPS ¥215.34
Segment results	Segment Precision Innovation / Revenue ¥49.8 billion / Year on year against the same period last year +23.5% / Segment profit ¥15.5 billion / Year-on-year profit +62.1%, Segment Industrial & Robotics / Revenue ¥82.0 billion / Year on year against the same period last year +17.9% / Segment profit ¥5.5 billion / Year-on-year profit +44.1%, Segment Office & Home Printing / Revenue ¥167.0 billion / Year on year against the same period last year +12.3% / Segment profit ¥11.4 billion / Year-on-year profit -21.7%, Segment Visual & Lifestyle / Revenue ¥67.2 billion / Year on year against the same period last year +7.2% / Segment profit ¥4.2 billion / Year-on-year profit -30.1%
Breakdown of Factors Affecting the Change	Factors Change in sales volume / Amount +¥6.9 billion, Factors Price Volatility / Amount +¥5.5 billion, Factors Cost changes / Amount -¥19.3 billion, Factors Foreign exchange fluctuations / Amount +¥9.3 billion
Key KPIs	Indicator SOHO, Home & Office shared main-unit sales volume / Value Not disclosed / Year on year against the same period last year ±0%, Indicator SOHO, Home & Office shared ink revenue / Value Not disclosed / Year on year against the same period last year +16% (yen basis) / +6% (local-currency basis), Indicator Projector main-unit sales volume / Value Not disclosed / Year on year against the same period last year +5%, Indicator Number of Employees / Value 76,031 people / Year on year against the same period last year Not disclosed
Unit price and quantity metrics	SOHO, Home & Office shared main-unit sales volume (total): approximately 17.10 million units (FY2025 actual), approximately 17.20 million units (FY2026 forecast), High-capacity ink tank models: approximately 13.70 million units (FY2025 actual), approximately 14.10 million units (FY2026 forecast), Ink cartridge models: approximately 3.05 million units (FY2025 actual), approximately 2.70 million units (FY2026 forecast), Projector main-unit sales volume: approximately 1.30 million units (FY2025 actual and FY2026 forecast)
Number of employees	Number of Employees 76,031 people / Change during the period Increased from 74,619 people at 31 March 2026 to 76,031 people at 30 June 2026 / Hiring plan Not disclosed
Assumptions Underlying the Business Outlook	USD/JPY: ¥156.00 (full-year forecast), EUR/JPY: ¥178.00 (full-year forecast), Foreign exchange assumptions from the second quarter onward: USD/JPY ¥155.00, EUR/JPY ¥176.00, SOHO, Home & Office shared main-unit sales volume: approximately 17.20 million units, Projector main-unit sales volume: approximately 1.30 million units
Risk amount incorporated into the outlook	Changes in materials and transportation costs: -¥38.0 billion (business profit bridge for the current forecast), Other changes: -¥13.0 billion (including higher fixed costs and inventory movements), US tariff refund: +¥17.0 billion included in the forecast
Medium-term management plan targets	Target fiscal year FY2028 / Revenue ¥1,500 billion / ROS 8.0% / ROE 10.0% / ROIC 8.0% / Comparison with the FY2026 forecast Revenue ¥1,510 billion, ROS 7.0%, ROE 8.1%, ROIC 6.8%
Financial targets	ROE FY2026 Forecast 8.1% / FY2028 medium-term target 10.0% / ROIC FY2026 Forecast 6.8% / FY2028 medium-term target 8.0% / Equity ratio Not disclosed / Debt-to-equity ratio Not disclosed
Annual Dividend	Annual ¥80 per share / Interim ¥40 per share / End of period ¥40 per share
Acquisition of treasury shares	Buyback limit Up to ¥30 billion / Number of Shares Not disclosed / Period 7 August 2026 to 31 March 2027 / Cancellation The company plans to cancel all shares repurchased under this program
Capital expenditures	¥850 million
Market Size / Share	The materials include market trends for A4-size printers, but specific market size and market share figures are Not disclosed
New initiatives	Share repurchase of up to ¥30 billion, Cancellation of all repurchased shares, Winning projects with new products that strengthen competitiveness through robotics, Reflecting higher materials costs in selling prices

Items this document does not state (7)

Gross Profit MarginProgress against full-year forecastSelf-assessment against the planNumber of stores and locationsPayout ratioOrders received and order backlogKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

In the first quarter, higher sales of competitive products and the weaker yen contributed to revenue growth. Business profit increased despite higher materials costs and higher US tariff expenses, due to the positive impact of foreign exchange movements. The full-year forecast was revised upward to reflect higher sales volumes, pricing actions, revised foreign exchange assumptions, and an approximately ¥17 billion US tariff refund.

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