Epson has released the financial income and expenditure of the third quarter in 2016.
According to Epson, its total revenue in Q3 of 2016 has dropped 16.1 billion yen (US$0.14 billion), decreasing 5.5% in comparison with the same period last year. The entire profit of Q3 is 28.4 billion yen (US$0.25 billion), reducing about 2% compared with the same period in 2015.
In the business segment of the third quarter revenue, the printing solutions segment takes 192.3 billion yen (US$17.07 billion), seeing a 12.5% year-over-year decline. The section of printers within the printing solutions segment has dropped by 9.8 billion yen (US$8.7 million) in comparison with the same period of 2015, while the sales of inkjet printers have witnessed an year-on-year increase of 3%, owing to the expansion of high-capacity ink tank printer shipments in North American market.
Epson’s business profit of the third quarter in 2016 has experienced a 4.1 billion yen (US$36.4 million) year-on-year decrease. With performance of each business and Q3 business situation considered for the full-year outlook, Epson’s revenue and business profit on a constant currency basis are the same as the previous outlook according to its report.
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