Consolidated Financial Highlights

JGAAP (Consolidation)

  FY2008 FY2009 FY2010 FY2011 FY2012
Statement of Income (Billions of yen)
Net sales 1,122.40 985.3 973.6 877.9 851.2
Gross profit 289.4 259.4 262.9 248.8 234.4
Operating income (loss) △ 1.5 18.2 32.7 24.6 21.2
Ordinary income 5.3 13.8 31.1 27.0 17.6
Income (loss) before income taxes and minority interests △ 89.5 △ 0.7 15.3 15.6 △ 3.4
Net income (loss) △ 111.3 △ 19.7 10.2 5.0 △ 10.0
Statement of Financial Position (Billions of yen)
Total assets 917.3 870.0 798.2 740.7 778.5
Shareholders’ equity*1 302.6 281.2 269.2 246.4 256.7
Interest-bearing liabilities*2 351.2 311.6 272.1 239.8 271.8
Statement of Cash Flows (Billions of yen)
Net cash provided by (used in) operating activities 44.2 56.5 32.3 26.6 42.9
Net cash provided by (used in) investing activities △ 61.0 △ 43.2 △ 23.6 △ 31.5 △ 39.5
Free cash flows △ 16.7 13.3 8.7 △ 4.8 3.4
Financial and Management Indicators (Billions of yen・%)
Research and development expense 82.0 68.8 54.3 52.1 49.9
Capital expenditures 55.6 25.9 31.8 38.9 43.1
Depreciation and amortization 78.4 47.3 41.1 37.6 39.3
Shareholders’ equity ratio 33.0 32.3 33.7 33.3 33.0
ROE (net income (loss)/average shareholders’ equity at beginning and end of year) △ 29.7 △ 6.8 3.7 2.0 △ 4.0
ROA (Ordinary income/average total assets at beginning and end of year) 0.5 1.6 3.7 3.5 2.3
ROS (Ordinary income (loss)/net sales) 0.5 1.4 3.2 3.1 2.1
Consolidated dividend payout ratio - - 39.0 99.2 -
 
Per Share Data (Yen)
Net income (loss) per share (EPS) △ 566.92 △ 99.34 51.25 26.22 △ 56.41
Shareholders’ equity per share (BPS) 1,541.16 1,407.92 1,347.71 1,377.60 1,435.20
Cash dividends per share 26.00 10.00 20.00 26.00 20.00
Index of Stock Price (Multiples)
Price Earnings Ratio (PER) - - 25.99 44.24 -
Price Book-value Ratio (PBR) 0.86 1.03 0.99 0.84 0.64
Sales Breakdown by Region (Billions of yen) *3
Japan 368.7 345.0 367.5 313.9 266.6
The Americas 236.6 217.6 199.2 175.6 200.3
Europe 262.1 212.9 189.5 178.1 175.2
Asia/Oceania 255.0 209.8 217.3 210.3 209.1
Average Exchange Rate for the Period (Yen)
Yen/U.S. dollars 100.53 92.85 85.72 79.08 83.11
Yen/Euro 143.48 131.15 113.12 108.98 107.14
Number of Employees at Period End (Person)
Total 72,326 77,936 74,551 75,303 68,761
Domestic 24,190 22,602 20,704 19,765 18,234
Overseas 48,136 55,334 53,847 55,538 50,527
  • *1 Shareholders’ equity = total net assets - minority interests
  • *2 Lease obligations are included in interest-bearing liabilities.
  • *3 Sales (revenue) by region is based on the location of the customers.

IFRS (Consolidation)

  FY2013 FY2014 FY2015 FY2016 FY2017 FY2018
Statement of Income (Billions of yen)
Revenue 1,008.40 1,086.30 1,092.40 1,024.80 1,102.10 1,089.60
Gross profit 362.5 395.9 397.6 365.9 400.8 412.6
Business profit*4 90.0 101.2 84.9 65.8 74.7 70.4
Profit from operating activities 79.5 131.3 94.0 67.8 65.0 71.3
Profit before tax 77.9 132.5 91.5 67.4 62.6 72.0
Profit for the period attributable to owners of the parent company 84.2 112.5 45.7 48.3 41.8 53.7
Statement of Financial Position (Billions of yen)
Total assets 908.8 1,006.20 941.3 974.3 1,033.30 1,038.30
Equity attributable to owners of the parent company 362.3 494.3 467.8 492.1 512.7 540.1
Interest-bearing liabilities 220.5 185.9 141.7 146.5 166.5 142.3
Statement of Cash Flows (Billions of yen)
Net cash provided by (used in) operating activities 114.8 108.8 113.0 96.8 84.2 76.9
Net cash provided by (used in) investing activities △ 41.2 △ 32.7 △ 51.5 △ 75.7 △ 74.6 △82.7
Free cash flows 73.6 76.0 61.4 21.1 9.6 △5.7
Financial and Management Indicators (Billions of yen・%)
Research and development expense 48.8 47.8 53.1 52.7 50.3 58.2
Capital expenditures 37.8 45.4 69.4 75.3 79.4 82.0
Depreciation and amortization 40.7 44.4 45.3 43.2 49.4 55.6
Equity ratio attributable to owners of the parent company 39.9 49.1 49.7 50.5 49.6 52.0
ROE (Profit for the period attributable to owners of the parent company/Beginning and ending balance average equity attributable to owners of the parent company) 27.7 26.3 9.5 10.1 8.3 10.2
ROA (Business profit/Beginning and ending balance average total assets) 10.4 10.6 8.7 6.9 7.4 6.8
ROS (Business profit/revenue) 8.9 9.3 7.8 6.4 6.8 6.5
Consolidated dividend payout ratio 10.6 18.3 46.9 43.9 52.2 40.7
Consolidated dividend Payout Ratio (Based on Business Profit)*5 14.2 29.0 36.1 45.9 41.7 44.3
Per Share Data (Yen)
Basic earnings per share (EPS) 235.35*6 314.61*6 127.94 136.82 118.78 152.49
Equity attributable to owners of the parent company per share (BPS) 1,012.83*6 1,381.66*6 1,307.58 1,397.40 1,455.67 1,533.57
Cash dividends per share 50.00 115.00 60.00*7 60.00 62.00 62.00
Index of Stock Price (Multiples)
Price Earnings Ratio (PER) 6.82 6.77 14.21 17.13 15.92 11.12
Price Book-value Ratio (PBR) 1.58 1.54 1.39 1.68 1.30 1.11
Revenue Breakdown by Region (Billions of yen)_
Japan 280.9 276.2 264.0 251.3 250.1 251.4
The Americas 260.2 304.6 320.0 290.9 320.4 310.5
Europe 218.4 230.9 226.3 211.9 233.2 225.2
Asia/Oceania 248.8 274.4 282.0 270.5 298.2 302.4
Average Exchange Rate for the Period (Yen)
Yen/U.S. dollars 100.23 109.93 120.14 108.38 110.85 110.86
Yen/Euro 134.37 138.77 132.58 118.79 129.66 128.40
Number of Employees at Period End (Person)
Total 73,171 69,878 67,605 72,420 76,391 76,647
Domestic 18,372 18,627 18,699 19,175 19,436 19,456
Overseas 54,799 51,251 48,906 53,245 56,955 57,191
  • *4 Business profit is calculated by subtracting Cost of sales and Selling, general and administrative expenses from Revenue.
  • *5 Calculated based on profit after an amount equivalent to the statutory effective tax rate is deducted from business profit.
  • *6 Basic earnings per share (EPS) and equity attributable to owners of the parent company per share (BPS) were calculated under the assumption that the shares split took effect at the beginning of the year ended March 31, 2014.
  • *7 Seiko Epson Corporation (the “Company”) completed the Company’s ordinary shares split with an effective date of April 1, 2015. As a result, each share of the Company’s ordinary shares was split into two shares.

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