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

Seiko Epson FY ending Mar 2026 results

About 73% of Seiko Epson's sales come from Printing Solutions Segment, with Manufacturing-related and Wearables and Visual Communications Segment making up much of the rest.

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%.

Revenue and profit pattern

Revenue up, profit downRevenue grew faster

Revenue +3.7% · profit -34.0%, calculated from disclosed figures.

Operating leverage: -9.22× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue: +3.7%¥1.36T → ¥1.41T
Gross profit: +1.6%¥493B → ¥500.8B
Operating income: -34.0%¥75.1B → ¥49.6B
Net income attributable to owners: -67.0%¥55.2B → ¥18.2B
Operating cash flow: -18.6%¥138.1B → ¥112.4B
Free cash flow: -24.0%¥67.8B → ¥51.5B

Results at a glance

Revenue for the FY ending Mar 2026 was ¥1.41T, up +3.7% from ¥1.36T.
Profit went the other way: operating income fell -34.0% from ¥75.1B to ¥49.6B, and net income fell -67.0% from ¥55.2B to ¥18.2B.
Operating cash flow also dropped -18.6%, to ¥112.4B.

What drove the change

Sales grew in printers and in the robotics and quartz device businesses
US tariffs raised costs and cut profit in the printer business
Epson wrote down part of the goodwill on its Fiery subsidiary after demand in commercial printing weakened, which pulled operating income down sharply
Projector sales and profit fell, hit by a weaker Chinese market and lower sales to schools in Europe and the US

Things to watch

Much of the revenue and profit depends on printers and their supplies, so swings there hit results hard
Cheaper third-party ink could take share from genuine Epson ink and reduce its sales and profit
A large part of revenue is in US dollars, euros and other currencies, so exchange rates affect results

Annual Securities Report (FY ending Mar 2026) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report (FY ending Mar 2026) / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

For every ¥100 Seiko Epson sells, how much goes where, and how much is kept.

FY ending Mar 2026

Cost of sales: ¥65
SG&A: ¥29
Other costs: ¥2
Operating profit: ¥4
Net profit kept: ¥1

Annual margin trends

Gross margin35.4%

Operating margin3.5%

Net margin1.3%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Printing Solutions Segment¥1.03T
73%
Op. margin 11.7%Industry: Printers & Office Equipment
Manufacturing-related and Wearables¥196.9B
14%
Op. margin 5.5%Industry: Watches, Jewelry & Eyewear
Visual Communications Segment¥181.4B
13%
Op. margin 6.8%Industry: Printers & Office Equipment

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

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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