Seiko Epson (6724) Q4 2026 earnings summary

Executive summary

• Revenue and business profit grew in FY2025 Q4, driven by strong demand in Printing Solutions and microdevices, despite higher U.S. tariffs and a challenging economic environment.

• Full-year FY2025 revenue rose 3.7% to ¥1,413.3 billion, but business profit declined 6.5% to ¥83.8 billion due to higher costs, notably from U.S. tariffs.

• Profit for the year attributable to owners dropped 67% YoY to ¥18.2 billion, mainly due to a ¥25.9 billion impairment loss on Fiery goodwill.

• Comprehensive income increased 50.6% to ¥72.3 billion, mainly from foreign currency translation gains.

• FY2026 outlook projects continued revenue and profit growth, with transformation initiatives under the new mid-term business plan.

Financial highlights

• FY2025 Q4 revenue rose 8.9% YoY to ¥369.4 billion; business profit increased 27.9% to ¥20.0 billion.

• Full-year FY2025 revenue reached ¥1,413.3 billion (+3.7% YoY); business profit was ¥83.8 billion (-6.5% YoY).

• Operating profit dropped 34.0% to ¥49.6 billion, reflecting impairment losses.

• EPS fell to ¥56.81 from ¥168.75 in the prior year.

• Cash and cash equivalents at year-end rose to ¥288.6 billion.

Outlook and guidance

• FY2026 revenue forecast: ¥1,450.0 billion (+2.6% YoY); business profit: ¥90.0 billion (+7.4% YoY).

• Profit for the year expected to rebound to ¥59.0 billion (+224.1% YoY); EPS forecast at ¥184.13.

• Dividend per share projected to increase to ¥80.00.

• Assumed FX rates: ¥151/USD, ¥175/EUR.