Seiko Epson : Financial Results for the Year ended March 31, 2019 (Consolidated)

Reference: Equity gains (losses) of affiliates: Year ended March 31, 2019 ¥99 million Year ended March 31, 2018 ¥74 million

(2) Consolidated Financial Position

	Total assets	Total equity	Equity attributable to owners of the parent company	Equity attributable to owners of the parent company ratio	Equity attributable to owners of the parent company, per share
	Millions of yen	Millions of yen	Millions of yen	%	Yen
As of March 31, 2019	1,038,389	542,747	540,181	52.0	1,533.57
As of March 31, 2018	1,033,350	515,106	512,727	49.6	1,455.67

(3) Consolidated Cash Flows

	Net cash from (used in) operating activities	Net cash from (used in) investing activities	Net cash from (used in) financing activities	Cash and cash equivalents at end of period
	Millions of yen	Millions of yen	Millions of yen	Millions of yen
Year ended March 31, 2019	76,961	(82,738)	(49,430)	175,238
Year ended March 31, 2018	84,279	(74,661)	37	229,678

2. Cash Dividends

	Cash dividends per share					Total cash dividends	Dividend payout ratio	Ratio of dividends to equity attributable to owners of the parent company
	1st Quarter	2nd Quarter	3rd Quarter	Year End	Year Total
	Yen	Yen	Yen	Yen	Yen	Millions of yen	%	%
Year ended March 31, 2018	-	30.00	-	32.00	62.00	21,848	52.2	4.3
Year ending March 31, 2019	-	31.00	-	31.00	62.00	21,848	40.7	4.1
Year ending March 31, 2020(Forecast)	-	31.00	-	31.00	62.00		48.5

3. Forecast for the Year ending March 31, 2020 (From April 1, 2019 to March 31, 2020)

(%:Change from same period previous year)

	Revenue		Business Profit		Profit from operating activities		Profit before tax		Profit for the period		Profit for the year attributable to owners of the parent company		Basic earnings per share
	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
For the year ending March 31, 2020	1,130,000	3.7	65,000	△7.8	60,000	△15.9	59,000	△18.1	45,000	△16.7	45,000	△16.2	127.75

*Notes

(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting from changes in the scope of consolidation): None

(2) Changes in accounting policies, or changes in accounting estimates

1. Changes in accounting policies required by IFRS: Yes
2. Changes in accounting policies other than the changes above: None
3. Changes in accounting estimates: Yes

For details, please refer to page 12 '2. Changes in Accounting Policies' and page 13 '3. Changes in Accounting Estimates'.

(3) Number of shares outstanding

(share)

1. Issued shares (including treasury shares):	As of March 31, 2019	399,634,778	As of March 31, 2018	399,634,778
2. Treasury shares:	As of March 31, 2019	47,397,639	As of March 31, 2018	47,406,139
3. Average number of shares:	Year ended March 31, 2019	352,231,945	Year ended March 31, 2018	352,227,639

(Reference) Summary of Non-Consolidated Financial Results
1. Results of the Year ended March 31, 2019 (From April 1, 2018 to March 31, 2019)

(1) Non-Consolidated Operating Results

(%:Change from same period previous year)

	Net sales		Operating profit		Ordinary profit		Profit
	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
Year ended March 31, 2019	790,424	△3.2	8,480	△45.7	33,896	△21.7	30,629	△25.7
Year ended March 31, 2018	816,898	10.7	15,623	80.2	43,272	70.5	41,220	29.9

	Basic earnings per share	Diluted earnings per share
	Yen	Yen
Year ended March 31, 2019	86.96	-
Year ended March 31, 2018	117.03	-

(2) Non-consolidated Financial Position

	Total assets	Net assets	Equity-to-asset ratio	Net assets per share
	Millions of yen	Millions of yen	%	Yen
As of March 31, 2019	694,487	380,400	54.8	1,079.96
As of March 31, 2018	736,995	373,873	50.7	1,061.45

(Reference) Shareholders' equity: As of March 31, 2019 ¥380,400million As of March 31, 2018 ¥373,873million

• * This report is not reviewed by Certified Public Accountants nor Auditors.
• * Explanation of appropriate use of forecast and other special items

  (Cautionary Statement Concerning Forward-looking Statements)
  This report includes forward-looking statements that are based on management's view from the information available at the time of the announcement. These statements are subject to various risks and uncertainties. Actual results may be materially different from those discussed in the forward-looking statements. The factors that may affect Epson include, but are not limited to, general economic conditions, the ability of Epson to continue to timely introduce new products and services in markets, consumption trends, competition, technology trends, and exchange rate fluctuations.
  Assumptions for the forecasts and warnings for users of the forecasts are available on page 4 '4. Outlook'.

• (How to access supplementary explanations and details of briefing on financial results)
  The Company is scheduled to hold a briefing for analysts on financial results on Friday, April 26, 2019 and to post materials used at the briefing on the Company's website on that day.

• U.S. dollar amounts are presented for the convenience of the readers. This translation should not be construed to imply that the yen amounts actually represent, or have been or could be converted into, equivalent amounts in U.S. dollars. The exchange rate of ¥110.87 = U.S.$1 at the end of the reporting period has been used for the purpose of presentation.