Seiko EpsonSEIKO EPSON CORPORATION6724東証プライム電気機器FY ending Mar 2026, consolidated, IFRS

Seiko Epson revenue and profit

Out of every ¥100 of sales, about ¥4 is left as operating profit. Revenue changed +3.7% from the prior year, operating profit -34.0%.

Five-year trend

Revenue¥1.41T
FY ending Mar 2022: ¥1.13T¥1.13TFY ending Mar 2023: ¥1.33T¥1.33TFY ending Mar 2024: ¥1.31T¥1.31TFY ending Mar 2025: ¥1.36T¥1.36TFY ending Mar 2026: ¥1.41T¥1.41TFY22FY23FY24FY25FY26
Operating income¥49.6B
FY ending Mar 2022: ¥94.5B¥94.5BFY ending Mar 2023: ¥97B¥97BFY ending Mar 2024: ¥57.5B¥57.5BFY ending Mar 2025: ¥75.1B¥75.1BFY ending Mar 2026: ¥49.6B¥49.6BFY22FY23FY24FY25FY26
Operating margin3.5%
FY ending Mar 2022: 8.4%8.4%FY ending Mar 2023: 7.3%7.3%FY ending Mar 2024: 4.4%4.4%FY ending Mar 2025: 5.5%5.5%FY ending Mar 2026: 3.5%3.5%FY22FY23FY24FY25FY26

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin1.3%
Asset turnover0.94×
ROA1.2%
ROA1.2%
Financial leverage1.80×
ROE2.2%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin1.3%
2022: 8.2%8.2%2023: 5.6%5.6%2024: 4.0%4.0%2025: 4.0%4.0%2026: 1.3%1.3%2223242526
Asset turnover0.94×
2022: 0.89×0.89×2023: 1.02×1.02×2024: 0.95×0.95×2025: 0.95×0.95×2026: 0.94×0.94×2223242526
ROA1.2%
2022: 7.3%7.3%2023: 5.8%5.8%2024: 3.8%3.8%2025: 3.8%3.8%2026: 1.2%1.2%2223242526
Financial leverage1.80×
2022: 1.90×1.90×2023: 1.87×1.87×2024: 1.79×1.79×2025: 1.78×1.78×2026: 1.80×1.80×2223242526
ROE2.2%
2022: 13.9%13.9%2023: 10.8%10.8%2024: 6.8%6.8%2025: 6.8%6.8%2026: 2.2%2.2%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20228.2%0.89×7.3%1.90×13.9%
20235.6%1.02×5.8%1.87×10.8%
20244.0%0.95×3.8%1.79×6.8%
20254.0%0.95×3.8%1.78×6.8%
20261.3%0.94×1.2%1.80×2.2%

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue27.8%
2021: 34.6%34.6%2022: 30.4%30.4%2023: 27.1%27.1%2024: 28.7%28.7%2025: 27.9%27.9%2026: 27.8%27.8%212223242526
PPE ÷ total assets25.6%
2021: 29.7%29.7%2022: 27.1%27.1%2023: 26.9%26.9%2024: 26.7%26.7%2025: 26.1%26.1%2026: 25.6%25.6%212223242526
Goodwill ÷ parent equity2.4%
2021: 0.9%0.9%2022: 0.8%0.8%2023: 0.7%0.7%2024: 0.7%0.7%2025: 5.2%5.2%2026: 2.4%2.4%212223242526
Goodwill balance¥20.1B
2021: ¥4.96B¥4.96B2022: ¥5.16B¥5.16B2023: ¥5.39B¥5.39B2024: ¥5.83B¥5.83B2025: ¥41.9B¥41.9B2026: ¥20.1B¥20.1B212223242526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

R&D spending¥46.8B
2021: ¥46.4B¥46.4B2022: ¥46B¥46B2023: ¥44.3B¥44.3B2024: ¥44.2B¥44.2B2025: ¥42.8B¥42.8B2026: ¥46.8B¥46.8B212223242526
R&D / revenue3.3%
2021: 4.7%4.7%2022: 4.1%4.1%2023: 3.3%3.3%2024: 3.4%3.4%2025: 3.1%3.1%2026: 3.3%3.3%212223242526

R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.

Income statement (JPY millions)

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue1,128,9141,330,3311,313,9981,362,9441,413,251
Cost of revenue710,462863,680857,331869,917912,499
Gross profit418,451466,651456,666493,026500,751
SG&A328,814371,544391,945403,437416,962
Operating income94,47997,04457,53375,10849,558
Pretax income97,162103,75570,09478,39550,023
Income tax4,85928,70317,47323,21431,817
Net income attributable to owners92,28875,04352,61655,17718,201
Operating margin8.4%7.3%4.4%5.5%3.5%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

Cash 19%
Property, plant and equipment 26%
1%
Other assets 54%

Funding

Other liabilities 44%
Equity 56%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥335.2B¥267.4B¥328.5B¥267B¥288.6B
Total assets¥1.27T¥1.34T¥1.41T¥1.46T¥1.53T
Net assets¥665.7B¥727.5B¥811.1B¥804.9B¥853.6B
Share capital¥53.2B¥53.2B¥53.2B¥53.2B¥53.2B
Property, plant and equipment¥343.2B¥360.9B¥377.3B¥379.7B¥392.8B
Goodwill¥5.16B¥5.39B¥5.83B¥41.9B¥20.1B
Current assets¥834.5B¥892.5B¥933.5B¥880.9B¥967.9B
Total liabilities¥600.7B¥614.1B¥602B¥651.6B¥681.2B
Equity attributable to owners of parent¥665.6B¥727.4B¥811B¥804.8B¥853.5B
Retained earnings¥480.2B¥526.3B¥557B¥572.7B¥569.9B
Treasury stock-¥40.8B-¥55.6B-¥55.5B-¥70.3B-¥70.2B

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第84期(2025/04/01-2026/03/31)

    ID S100YJ6A2026-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第83期(2024/04/01-2025/03/31)

    ID S100W55U2025-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第82期(2023/04/01-2024/03/31)

    ID S100TSY22024-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第81期(2022/04/01-2023/03/31)

    ID S100R6JP2023-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第80期(令和3年4月1日-令和4年3月31日)

    ID S100OKHT2022-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第79期(令和2年4月1日-令和3年3月31日)

    ID S100LNQK2021-06-28Open

Extracted from XBRL: 45 / Derived from other figures: 1

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