Business News

Epson: Consolidated Results for Year Ended March 31, 2008

Wednesday 30. April 2008 - Consolidated Financial Highlights

Income statements and cash flows data
(Millions of yen, thousands of U.S. dollars, except for per share data)
Year ended March 31 Change Year ended
March 31, 2008
2006 2007 2008
Statements of income data
Net sales 1,549,568 1,416,032 1,347,841 (4.8%) $13,452,853
Operating income 25,758 50,343 57,577 14.4% 574,686
Income (loss) before income taxes and minority interest (20,047) 3,476 52,045 – % 519,467
Net income (loss) (17,917) (7,094) 19,093 – % 190,574

Statements of cash flows data
Cash flows from operating activities 117,497 160,229 112,060 (30.1%) 1,118,478
Cash flows from investing activities (95,266) (76,419) (50,770) (33.6%) (506,742)
Cash flows from financing activities 19,123 (30,150) (70,663) 134.4% (705,292)
Cash and cash equivalents at the end of the year 280,114 334,873 316,414 (5.5%) 3,158,143

Per share data
Net income (loss) per share
-Basic
(91.24) (36.13) 97.24 – % $0.97
-Diluted
– – – – % $-

Balance sheets data
(Millions of yen, thousands of U.S. dollars, except for per share data)
March 31
2007 2008 2008
Total assets 1,284,412 1,139,165 $11,370,047
Equity 494,335 – –
Net assets – 471,446 4,705,522
Shareholders’ equity 470,317 447,205 4,463,572
Shareholders’ equity ratio (%) 36.6% 39.3% 39.3%
Shareholders’ equity per share 2,395.14 2,277.45 $22.73

Notes
The consolidated figures are prepared on the basis of accounting principles generally accepted in Japan, which are different in certain respects as to application and disclosure requirements of International Financial Reporting Standards, and are compiled from the consolidated figures prepared by the Company as required by the Financial Instruments and Exchange Law of Japan (formerly the Securities and Exchange Law of Japan).
Figures in ‘Change’ column are comparisons with the same period of the previous year.
Diluted net income per share is presented only if there are dilutive factors present.
Shareholders’ equity is equity excluding minority interest in subsidiaries.
U.S. dollar amounts are included solely for the convenience of readers. These translations should not be construed as representations that the yen amounts actually represent, or have been or could be converted into U.S. dollars at that or any other rate. The rate of \100.19 = U.S.$1 at March 31, 2008 has been used for the purpose of presentation.