EPSON has reported ¥282.1 billion in first quarter revenue for fiscal year 2021, up 46 percent year-on-year from ¥193.2 billion in pandemic-hit Q1 2020. Business profit was ¥24.2 billion, up 455 percent year on year from ¥4.3 billion in Q1 2020. According to a source from the company, markets were recovering from the impact of COVID-19 but supply chain disruption and component shortages were expected to continue. The company’s commercial & industrial printing showed significant growth, with revenue up 72.7 percent to ¥55.1 billion.
As per the company’s report, key factors in the ongoing rise in commercial and industrial printing sales were the comeback from the pandemic and the launch of new products. The company has received especially positive feedbacks on products for textiles, signage and labels. External sales of printheads have also increased, especially in China, and we expect that category to contribute to profit growth going forward.
