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Epson reports last fiscal year’s earnings

Total revenue up 132.9% to 1,128.9 billion yen

  • Business profit up 27.9% to 89.6 billion yen
  • Printing Solutions division (printers and MFPs) revenue up 88.7% to 779.9 billion yen
    • Profit was flat at 106.4 billion yen
    • Unit sales of inkjet printers up 8% to 16.7 million units
  • Will spend 50 billion yen in FY2022 on research & development
    • 71 billion yen to be spend on capital expenditure

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