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SEIKO EPSON, Apr-Dec (Cumulative 3Q) Net Income Decreases by 25%, Oct-Dec Net Income Decreases by 30%

Tue Feb 3, 2026 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 February 3rd (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 25.2% from the same period last year to 35.4 billion yen. However, Progress toward the full-year plan of 41.0 billion yen was 86.5%, also surpassing the five-year average of 76.1%.

Based on the cumulative third-quarter performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to decrease 28.8% from the same period last year to 5.55 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income dropped to 16.7 billion yen, a 30.4% decrease compared to the same period last year. The operating profit margin worsened from 8.0% in the same period last year to 7.2%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 992,101 51,697 59,644 42,468 128.1 85.1 Feb 2, 2024 IFRS
Apr - Dec, 2024 1,023,819 62,867 67,208 47,379 144.1 85.7 Jan 31, 2025 IFRS
Apr - Dec, 2025 1,043,825 58,385 58,740 35,445 110.6 86.4 Feb 3, 2026 IFRS
YoY +2.0% -7.1% -12.6% -25.2% -23.2%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 702,648 31,855 28,217 22,336 69.7 37 Nov 5, 2025 IFRS
Oct - Mar, 2025 New 722,648 35,855 37,217 22,336 69.7 37 Feb 3, 2026 IFRS
Revision Rate +2.8% +12.6% +31.9% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 1,370,000 63,000 59,000 41,000 128.0 74 Nov 5, 2025 IFRS
Mar, 2026 New 1,390,000 67,000 68,000 41,000 128.0 74 Feb 3, 2026 IFRS
Revision Rate +1.5% +6.3% +15.3% 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 722,648 35,855 37,217 22,336 69.7 37 Feb 3, 2026 IFRS
YoY +4.9% -10.7% -18.3% -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 1,390,000 67,000 68,000 41,000 128.0 74 Feb 3, 2026 IFRS
YoY +2.0% -10.8% -13.3% -25.7% -24.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Oct - Dec, 2025 376,473 27,240 27,957 16,781 52.4 7.2 Feb 3, 2026 IFRS
YoY +7.7% -2.5% -18.6% -30.4% -28.5%

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