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SEIKO EPSON, Jul-Sep (2Q) Net Income Increases by 2.9 times

Wed Nov 5, 2025 3:30 pm JST Earnings

6724 SEIKO EPSON CORPORATION 【IFRS】

Earnings Report

SEIKO EPSON CORPORATION <6724> [TSE Prime] announced its financial results (based on IFRS) after the market closed on November 5th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 19.8% from the same period last year to 18.6 billion yen. Progress toward the full-year plan of 41.0 billion yen was 45.5%, almost the same as the five-year average of 43.0%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to decrease 30.0% from the same period last year to 22.3 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income surged 2.9 times that of the same period last year, reaching 12.0 billion yen. The operating profit margin improved from 3.7% in the same period last year to 4.9%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 638,533 27,933 38,363 27,479 82.9 54.7 Oct 27, 2023 IFRS
Apr - Sep, 2024 674,198 34,939 32,852 23,280 70.4 41.9 Nov 1, 2024 IFRS
Apr - Sep, 2025 667,352 31,145 30,783 18,664 58.3 52.2 Nov 5, 2025 IFRS
YoY -1.0% -10.9% -6.3% -19.8% -17.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 37 May 1, 2025 IFRS
Apr - Sep, 2025 Results 667,352 31,145 30,783 18,664 58.3 37 Nov 5, 2025 IFRS
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 1,340,000 63,000 59,000 41,000 128.0 74 Aug 5, 2025 IFRS
Mar, 2026 New 1,370,000 63,000 59,000 41,000 128.0 74 Nov 5, 2025 IFRS
Revision Rate +2.2% 0.0% 0.0% 0.0% 0.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 688,746 40,169 45,543 31,897 97.6 37 May 1, 2025 IFRS
Oct - Mar, 2025 Guidance 702,648 31,855 28,217 22,336 69.7 37 Nov 5, 2025 IFRS
YoY +2.0% -20.7% -38.0% -30.0% -28.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 1,313,998 57,533 70,094 52,616 158.7 74 Apr 26, 2024 IFRS
Mar, 2025 1,362,944 75,108 78,395 55,177 168.8 74 May 1, 2025 IFRS
Mar, 2026 Guidance 1,370,000 63,000 59,000 41,000 128.0 74 Nov 5, 2025 IFRS
YoY +0.5% -16.1% -24.7% -25.7% -24.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 337,584 12,471 5,961 4,120 12.5 3.7 Nov 1, 2024 IFRS
Oct - Dec, 2024 349,621 27,928 34,356 24,099 73.3 8.0 Jan 31, 2025 IFRS
Jan - Mar, 2025 339,125 12,241 11,187 7,798 23.9 3.6 May 1, 2025 IFRS
Apr - Jun, 2025 320,879 14,136 12,918 6,612 20.6 4.4 Aug 5, 2025 IFRS
Jul - Sep, 2025 346,473 17,009 17,865 12,052 37.6 4.9 Nov 5, 2025 IFRS
YoY +2.6% +36.4% +199.7% +192.5% +201.9%

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