The foregoing statements regarding future results reflect the Company's expectations based on information available at the time of announcement. The information contains certain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to, the competitive environment, market trends, general economic conditions, technological changes, exchange rate fluctuations and our ability to continue to timely introduce new products and services.
Note regarding business profit
Business profit is calculated by deducting cost of sales and SGA expenses from revenue.
Although not defined in the statement of consolidated comprehensive income, this indicator is very similar to the concept of operating income under J-GAAP. Epson will present this information as a reference, as the Company believes users of financial statements will find it useful when evaluating Epson's financial performance.
Numerical values presented herein
Numbers are rounded down to the unit indicated. Percentages are rounded off to one decimal place. Years mentioned in these materials are fiscal years unless otherwise indicated.
FY2023 Full-Year Financial Outlook & Shareholder Returns
2
Summary
FY2022 full-year financial results
Office and home IJP unit sales increased only slightly compared to last year primarily because of first-half supply constraints.
Materials and logistics costs skyrocketed, yet we grew both revenue and business profit by maintaining higher selling prices.
FY2023 full-year financial outlook
Global economic growth is expected to slow due to continued inflation and a cooling of consumer spending, etc.
We forecast revenue and business profit growth. Office & home IJP and commercial & industrial IJP unit sales are expected to grow due to easing of supply constraints, while a decrease in selling prices is reflected as the balance between supply and demand change. Logistics costs are expected to fall due to revision of ocean freight rates.
Shareholder returns
Plan to increase the ordinary dividend by ¥12 per share and the annual dividend in FY2023 to ¥74
(FY2022 dividend was ¥62 ordinary + ¥10 anniversary dividend)
This is a summary of the key points in today's presentation.
Materials, logistics, and other costs skyrocketed, yet we grew annual revenue and business profit in the 2022 fiscal year by maintaining higher selling prices.
The prevailing view is that global economic growth will slow in fiscal 2023.
Despite the difficult environment, we expect to be able to grow both revenue and profit by controlling costs and by continuing to increase unit sales as supply constraints ease.
Considering that business profit is projected to increase, we plan to increase the ordinary dividend by ¥12 per share and pay an annual dividend of ¥74 yen in fiscal 2023.
3
Summary
Fourth-QuarterFinancial Results
FY2022 Full-Year Financial Results
FY2023 Full-Year Financial Outlook & Shareholder Returns
4
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Seiko Epson Corporation published this content on 28 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2023 08:16:11 UTC.
Seiko Epson Corporation specializes in the design, manufacturing and marketing of printing, visual communication and watchmaking equipment and systems, and industrial devices. Net sales break down by family of products as follows:
- printing equipment (71%): printers, scanners, copiers, digital presses, fax machines, ticket printers, labellers, etc. for businesses and individuals. The group also offers consumables (ink cartridges, toners, ribbons, etc.);
- visual communication systems (14.2%): multimedia projectors, smart glasses, LCD displays, etc. ;
- watches and industrial products (14.1%): electronic and mechanical watches, wristwatches, chronometers, optoelectronic devices, precision machine tools, robotic systems, mechatronic products, micro-devices, etc.
- other (0.7%).
At the end of March 2021, Seiko Epson operated 27 production sites worldwide.
Net sales are distributed geographically as follows: Japan (22.3%), the United States (21%), China (14.5%) and other (42.2%).
SEIKO EPSON CORPORATION 
