Seiko Epson Corp., Q4 2012 Earnings Call, Apr 30, 2013

Seiko Epson Corp. reported consolidated earnings results for the year ended March 31, 2013. For the year, the company reported net sales of ¥851,297 million against ¥877,997 million a year ago. Operating income was ¥21,255 million against ¥24,626 million a year ago. Ordinary income was ¥17,629 million against ¥27,022 million a year ago. Loss before income taxes and minority interests was ¥3,479 million against income before income taxes and minority interests of ¥15,622 million a year ago. Net loss was ¥10,091 million or ¥56.41 per basic share against net income of ¥5,032 million or ¥26.22 per basic share a year ago. Net cash provided by operating activities was ¥42,992 million against ¥26,678 million a year ago. Purchase of property, plant and equipment was ¥39,816 million against ¥32,709 million a year ago. Purchase of intangible assets was ¥4,030 million against ¥3,998 million a year ago. Return on equity was a negative of 4.0% compared to return on equity of 2.0% reported a year ago. Return on assets was 2.3% compared to 3.5% reported a year ago. The company announced dividend of ¥20.00 per share for the year ended March 31, 2013 against ¥26.00 per share a year ago. For the half year of fiscal 2013, the company expects net sales of ¥430.0 billion, operating income of ¥3.0 billion, ordinary income of ¥1.0 billion and net loss of ¥5.0 billion. For the fiscal year 2013, the company expects net sales of ¥910.0 billion, operating income of ¥33.0 billion, ordinary income of ¥30.0 billion and net income of ¥13.0 billion.

Seiko Epson Corp. announced that they will report fiscal year 2012 results on Apr 30, 2013