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First Quarter Financial Results Fiscal Year 2026 ( Ending March 2027 ) EPSON Aug 5 , 2026 Seiko Epson Corporation SEIKO EPSON CORPORATION 2026
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1© SEIKO EPSON CORPORATION 2026 Summary of Key Points FY2026 Q1 Demand conditions remained solid, with no significant change from the previous period. Together with the positive impact of foreign exchange, revenue increased year on year across all segments, led by Precision Innovation. Business profit increased due to positive foreign exchange effects, despite the impact of higher parts costs, including memory, and higher U.S. tariff expenses compared with the same period last year, when tariff-related impacts were limited. FY2026 Full-Year Financial Outlook Raised to ¥1,510.0 billion in revenue and ¥105.0 billion in business profit Raised sales plan for Precision Innovation based on Q1 results. Higher crude oil and memory prices are expected to have a greater impact than previously thought, but the business profit outlook was also raised after factoring in pricing measures and U.S. tariff refunds. Shareholder Returns Conduct share repurchase up to ¥30 billion. Annual dividend forecast unchanged from the previous outlook at ¥80 per share, up ¥6 from last fiscal year.
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2© SEIKO EPSON CORPORATION 2026 FY2026 | Financial Summary (Billion JPY) Q1 FY2025 Actual FY2026 Actual YoY FY2025 Actual FY2025 5/1 Outlook FY2026 8/5 Outlook YoY vs 5/1 Outlook Precision Innovation Revenue 40.3 49.8 +23.5% 167.5 182.0 195.0 +16.4% +7.1% Segment profit 9.6 15.5 +62.1% 44.0 50.0 55.0 +24.9% +10.0% Industrial & Robotics Revenue 69.6 82.0 +17.9% 297.8 310.0 325.0 +9.1% +4.8% Segment profit 3.8 5.5 +44.1% 20.2 24.0 31.0 +53.4% +29.2% Office & Home Printing Revenue 148.8 167.0 +12.3% 692.5 698.0 712.0 +2.8% +2.0% Segment profit 14.6 11.4 -21.7% 61.2 56.0 58.0 -5.2% +3.6% Visual & Lifestyle Revenue 62.7 67.2 +7.2% 250.9 252.0 271.0 +8.0% +7.5% Segment profit 6.0 4.2 -30.1% 16.9 20.0 22.0 +30.0% +10.0% Consolidated Total Revenue 320.9 367.2 +14.4% 1,413.3 1,450.0 1,510.0 +6.8% +4.1% Business profit 19.8 22.1 +12.0% 83.8 90.0 105.0 +25.3% +16.7% Full Yaer
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3© SEIKO EPSON CORPORATION 2026 © SEIKO EPSON CORPORATION 2026 FY2026 First-Quarter Financial Results FY2026 Full-Year Financial Outlook and Shareholder Returns
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4© SEIKO EPSON CORPORATION 2026 FY2026 Q1 Results | Financial Highlights (Billion JPY) Q1 Actual ％ Q1 Actual ％Y o Y% EPS*1 (JPY) 20.64 40.52 USD ¥144.49 ¥159.38 EUR ¥163.76 ¥185.33 Other currencies*２ - 113 USD EUR Other currencies Total +12.2 +6.3 +14.2 +32.7 -2.4 +4.1 +7.5 +9.3 Exchange effect Revenue Business profit +96.4% Exchange rate (JPY, index) Profit for the period attributable to owners of the parent company 6.6 2.1% 13.0 3.5% +6.4 5.6% +7.8 +60.4%Profit before tax 12.9 4.0% 20.7 +12.0% Profit from operating activities 14.1 Business profit 19.8 6.2% 22.1 6.0% +2.4 4.4% 20.6 5.6% +6.5 +45.7% 367.2 +46.4 +14.4%Revenue 320.9 FY2025 FY2026 Change *1 Basic earnings per share for the period *2 The exchange effect on currencies other than the USD and EUR is compared by converting the amounts to JPY using current and previous period exchange rates. The current period is shown as an index versus 100 for the previous period. Revenue Steadily captured demand with competitive products and expanded sales, led by Precision Innovation. Revenue increased year on year, aided in part by the weaker yen. Business profit Increased due to positive foreign exchange effects, despite higher parts costs, including memory, and increased U.S. tariff expenses. Profit from operating activities and subsequent levels of profit Recorded a foreign exchange loss in Q1 last year Recorded a foreign exchange gain this quarter. Recognized expenses such as restructuring expenses at a European subsidiary.
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5© SEIKO EPSON CORPORATION 2026 FY2026 Q1 Results | Precision Innovation (Billion JPY) Precision Innovation Q1/2025 Actual Q1/2026 Actual YoY Exchange effect YoY ratio Revenue 40.3 49.8 +9.5 +4.0 +23.5% Inkjet solutions 14.7 19.1 +4.4 +29.7% Microdevices 21.9 27.2 +5.3 +24.2% Epson Atmix 3.9 4.7 +0.8 +21.3% Intrasegment revenue -0.2 -1.2 - - Segment profit 9.6 15.5 +6.0 +2.6 +62.1% ROS 23.8% 31.2% (Billion JPY) (Billion JPY) (Billion JPY) 0.0 5.0 10.0 15.0 20.0 25.0 Inkjet solutions Revenue 0.0 10.0 20.0 30.0 Microdevices Revenue 0.0 2.5 5.0 Epson Atmix RevenueInkjet solutions Revenue Microdevices Revenue Epson Atmix Revenue • Precision Innovation: Recorded year on year revenue and profit growth. • Inkjet Solutions: Captured business in China and made inroads in other regions. • Microdevices: Effective sales activities amid continued strong demand from industrial and data center applications led to significant revenue growth, particularly in crystal devices. • Epson Atmix: Increased sales by increasing production in response to robust demand for advanced functionality metal powders.
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6© SEIKO EPSON CORPORATION 2026 FY2026 Q1 Results | Industrial & Robotics (Billion JPY) Industrial & Robotics Q1/2025 Actual Q1/2026 Actual YoY Exchange effect YoY ratio Revenue 69.6 82.0 +12.4 +8.0 +17.9% Commercial & Industrial Printing 63.5 75.0 +11.5 +18.1% Robotics 6.1 7.0 +0.9 +14.7% Segment profit 3.8 5.5 +1.7 +2.5 +44.1% ROS 5.5% 6.7% (Billion JPY) (Billion JPY) 0.0 20.0 40.0 60.0 80.0 0.0 2.0 4.0 6.0 8.0 Robotics RevenueCommercial & Industrial Printing Revenue Robotics Revenue • Industrial & Robotics: Recorded year on year revenue and profit growth and achieved higher profit • Commercial & Industrial Printing: Sales of photo, signage, and label printers increased • Robotics: Steadily captured sales opoortunities
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7© SEIKO EPSON CORPORATION 2026 FY2026 Q1 Results | Office & Home Printing (Billion JPY) Office & Home Printing Q1/2025 Actual Q1/2026 Actual YoY Exchange effect YoY ratio Revenue 148.8 167.0 +18.2 +15.3 +12.3% SOHO/ Home*1 116.2 131.6 +15.4 +13.3% Office Shared*2 19.8 22.8 +3.0 +15.1% Office & Home, Others*3 12.8 12.6 -0.2 -1.2% Segment profit 14.6 11.4 -3.2 +3.7 -21.7% ROS 9.8% 6.9% （Milion Units） (Billion JPY) 0.0 2.0 4.0 6.0 Offce & Home IJP Hardware Sales Office Shared IJP Ink cartrige model High-capacity ink tank model (Japan, N.America & W.Europe) High-capacity ink tank model (Other regions) -20% -10% 0% +10% +20% Office & Home IJP Ink Revenue (YoY Ratio) YoY(JPY) YoY(local currency) 0.0 10.0 20.0 30.0 Office Shared IJP (Hardware & Ink) Revenue *1 I/C printers, high-capacity ink tank printers, ink, etc. *2 LIJ, RIPS, I/C printers, ink, etc. *3 Scanners, LPs, Portable Label Printer, etc. Office & Home IJP Hardware Sales Office & Home IJP Ink Revenue (YoY Ratio) Office Shared Revenue(Hardware & Ink) • Office & Home Printing: Revenue increased year on year. Business profit declined due to U.S. tariff costs, higher parts and transport costs, and negative effects of reduced inventory caused by temporary issues in parts procurement. • SOHO & Home: Hardware unit sales were in line with the same period last year. Ink revenue increased due to revised prices. • Office Shared: Hardware and ink sales grew.
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8© SEIKO EPSON CORPORATION 2026 FY2026 Q1 Results | Visual & Lifestyle *Projector sales trend indicators are included in the reference section. (Billion JPY) Visual & Lifestyle Q1/2025 Actual Q1/2026 Actual YoY Exchange effect YoY ratio Revenue 62.7 67.2 +4.5 +5.3 +7.2% Visual Products 45.5 48.6 +3.1 +6.9% Wearable Products 10.6 12.7 +2.1 +20.0% PC 6.6 6.0 -0.7 -10.4% Segment profit 6.0 4.2 -1.8 +0.4 -30.1% ROS 9.6% 6.3% (Billion JPY) (Billion JPY) (Billion JPY) 0.0 20.0 40.0 60.0 Visual Products Revenue 0.0 5.0 10.0 15.0 Wearable Puroducts Revenue 0.0 5.0 10.0 PC RevenueVisual Products Revenue Wearable Products Revenue PC Revenue • Visual & Lifestyle: Recorded year on year revenue growth. Profit declined due to higher parts and transport costs, in addition to changes in the model mix and negative impact of inventory fluctuations in Visual Products. • Visual Products: Sales increased due to orders captured in the education sector & special demand driven by the World Cup. • Wearable Products: Demand increased in both overseas and domestic markets. • PC: Revenue & profit declined due to the absence of special demand seen last year ahead of the end of OS support.
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9© SEIKO EPSON CORPORATION 2026 FY2026 Q1 Results｜Business Profit Change Cause Analysis （Billion JPY) 19.8 +6.9 +5.5 -19.3 +9.3 22.1 FY2025/Q1 Unit sales changes Price changes Cost changes Exchange rate impact FY2026/Q1FY2025/Q1 FY2026/Q1 While meeting robust demand, the rising cost of components such as memory has become pronounced Unit sales: Positive effect particularly in Inkjet Solutions & Microdevices Prices: Higher parts costs were reflected in selling prices mainly in Office & Home Printing and Commercial & Industrial Printing Cost: Higher memory and other component costs, increased U.S. tariff expenses, and inventory-related effects
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10© SEIKO EPSON CORPORATION 2026 Statements of Financial Position * Turnover by days : Ending balance of inventory / Prior 12 months revenue per day （Billion JPY） （Billion JPY） （Billion JPY） （Billion JPY） 340.8 302.5 265.8 267.0 229.9 217.9 254.0 288.6 316.9 -204.0 -190.9 -227.4 -224.7 -227.7 -208.9 -222.6 -231.5 -270.0 136.8 111.5 38.4 42.3 2.2 9.0 31.4 57.1 46.8 -300.0 -200.0 -100.0 0.0 100.0 200.0 300.0 400.0 500.0 End of Jun 2024 End of Sep 2024 End of Dec 2024 End of Mar 2025 End of Jun 2025 End of Sep 2025 End of Dec 2025 End of Mar 2026 End of Jun 2026 End of Sep 2026 End of Dec 2026 End of Mar 2027 Cash and cash equivalents / Interest-bearing liabilities / Net Cash Cash and cash equivalents Interest-bearing liabilities Net Cash 1,474.7 1,382.6 1,501.0 1,456.5 1,418.9 1,447.4 1,524.8 1,534.9 1,580.3 0.0 500.0 1,000.0 1,500.0 2,000.0 End of Jun 2024 End of Sep 2024 End of Dec 2024 End of Mar 2025 End of Jun 2025 End of Sep 2025 End of Dec 2025 End of Mar 2026 End of Jun 2026 End of Sep 2026 End of Dec 2026 End of Mar 2027 Total assets 72.8 69.9 71.2 70.8 72.6 74.3 79.0 81.6 85.7 79.5 73.6 76.9 72.9 72.7 76.4 81.9 82.1 84.8 131.3 126.6 138.6 131.0 137.4 148.4 147.3 136.2 127.4 91.1 85.8 93.1 92.9 92.0 93.0 90.9 91.0 91.8 2.9 3.0 2.9 2.3 3.0 3.6 4.1 3.8 3.6 103 days 97 days 104 days 99 days 102 days 107 days106 days102 days 98 days -20 days days 20 days 40 days 60 days 80 days 100 days 120 days 140 days 160 days 0.0 100.0 200.0 300.0 400.0 500.0 600.0 700.0 End of Jun 2024 End of Sep 2024 End of Dec 2024 End of Mar 2025 End of Jun 2025 End of Sep 2025 End of Dec 2025 End of Mar 2026 End of Jun 2026 End of Sep 2026 End of Dec 2026 End of Mar 2027 Inventories Other Visual & Lifestyle Office & Home Printing Industrial & Robotics Precision Innovation Turnover by days 847.9 795.0 834.3 804.8 789.3 819.2 856.0 853.5 865.3 57.5% 57.5% 55.6% 55.3% 55.6% 56.6% 56.1% 55.6% 54.8% -50.0% -30.0% -10.0% 10.0% 30.0% 50.0% 70.0% 0.0 200.0 400.0 600.0 800.0 1,000.0 End of Jun 2024 End of Sep 2024 End of Dec 2024 End of Mar 2025 End of Jun 2025 End of Sep 2025 End of Dec 2025 End of Mar 2026 End of Jun 2026 End of Sep 2026 End of Dec 2026 End of Mar 2027 Equity / Equity ratio attributable to owners of the parent company Ratio of interest-bearing liabilities Inventories 377.6 358.9 382.8 369.8 377.6 395.7 403.2 394.7 393.2 13.8% 13.8% 15.2% 15.4% 16.0% 14.4% 14.6% 15.1% 17.1%
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11© SEIKO EPSON CORPORATION 2026 © SEIKO EPSON CORPORATION 2026 FY2026 First-Quarter Financial Results FY2026 Full-Year Financial Outlook and Shareholder Returns
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12© SEIKO EPSON CORPORATION 2026 FY2026 Financial Outlook | Financial Highlights (Billion JPY) Actual ％ 5/1 Outlook ％ 8/5 Outlook ％Y o Y vs 5/1 outlook +96.7 +60.0 +6.8% +4.1% +21.2 +15.0 +25.3% +16.7% +51.4 +15.0 +103.8% +17.4% +49.0 +15.0 +97.9% +17.9% +50.8 +10.0 +279.1% +16.9% EPS*1 (JPY) 56.81 184.13 215.34 USD ¥150.69 ¥151.00 ¥156.00 EUR ¥174.74 ¥175.00 ¥178.00 Other currencies*２ - 100 104 Business profit +1.0 -0.9 -3.3 +8.0 Exchange sensitivity*3 USD EUR Other currencies Estimated exchange effect Revenue -3.2 -1.3 -5.0 +38.0 Revenue 1,413.3 1,450.0 1,510.0 FY2025 FY2026 Change 6.7% 7.0%Business profit 83.8 5.9% 90.0 6.2% 105.0 Profit before tax 50.0 3.5% 84.0 5.8% 99.0 Profit from operating activities 49.6 3.5% 86.0 5.9% 101.0 Exchange rate (JPY, index) Profit for the year attributable to owners of the parent company 18.2 1.3% 59.0 4.1% 69.0 4.6% 6.6% *1 Basic earnings per share for the year *2 The exchange effect on currencies other than the USD and EUR is compared by converting the amounts to JPY using current and previous period exchange rates. The current period is shown as an index versus 100 for the previous period. *3 Annual impact of a 1-yen increase in the value of the yen versus the USD & EUR (in billions of yen) Annual impact of a 1% increase in the value of the yen versus other currencies (in billions of yen) 155.00USDExchange rate assumptions from Q2 (JPY) 176.00EUR Revenue Raised the outlook in every segment, most notably Precision Innovation. Business profit Impacted by rising parts and transport costs, but pricing adjustments and U.S. tariff refunds are expected. Profit from operating activities and subsequent levels of profit No material change in assumptions since the previous outlook.
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13© SEIKO EPSON CORPORATION 2026 FY2026 Financial Outlook | Business Profit Change Cause Analysis 83.8 +26.0 +21.0 -38.0 +17.0 +8.0 105.0 FY25 Actual Unit sales changes Price changes Parts & transport costs U.S. tariff refunds Other changes Exchange rate impact FY26 Outlook 83.8 +20.0 +8.0 -25.0 0 -1.0 90.0+4.0 （Billion JPY) -13.0 Previous(5/1) outlook Current(8/5) outlook Cost changes FY2025 actual FY2026 outlook Main changes since the previous outlook Unit sales: Forecast increased sales particularly in Inkjet Solutions and Microdevices. Prices: Address the impact of rising crude oil and memory prices Parts & transport: Reflected rising crude oil and memory prices U.S. tariff refunds: Factored in an estimated ¥17 billion Other: Expect higher fixed costs & a negative impact on profit associated with inventory changes
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14© SEIKO EPSON CORPORATION 2026 FY2026 Financial Outlook | Precision Innovation (Billion JPY） Precision Innovation FY2025 Actual FY2026 5/1 Outlook FY2026 8/5 Outlook YoY YoY ratio vs 5/1 outlook Revenue 167.5 182.0 195.0 +27.5 +16.4% +13.0 Inkjet Solutions 62.8 70.0 74.0 +11.2 +17.9% +4.0 Microdevices 92.0 99.0 107.0 +15.0 +16.4% +8.0 Epson Atmix 15.6 17.0 19.0 +3.4 +21.9% +2.0 Intrasegment revenue -2.8 -4.0 -5.0 - - - Segment profit 44.0 50.0 55.0 +11.0 +24.9% +5.0 ROS 26.3% 27.5% 28.2% • Precision Innovation: Raised the revenue & segment profit outlook given the forecast for continued strong demand • Inkjet Solutions: Factored in a recovery in China and expanding demand in other regions • Microdevices: Raised the outlook for sales for network applications • Epson Atmix: Anticipate increased demand for electronic parts used in data centers, smartphones, and automotive applications.
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15© SEIKO EPSON CORPORATION 2026 FY2026 Financial Outlook | Industrial & Robotics (Billion JPY） Industrial & Robotics FY2025 Actual FY2026 5/1 Outlook FY2026 8/5 Outlook YoY YoY ratio vs 5/1 outlook Revenue 297.8 310.0 325.0 +27.2 +9.1% +15.0 Commercial & Industrial Printing 274.3 284.0 296.0 +21.7 +7.9% +12.0 Robotics 23.5 26.0 29.0 +5.5 +23.3% +3.0 Segment profit 20.2 24.0 31.0 +10.8 +53.4% +7.0 ROS 6.8% 7.7% 9.5% • Industrial & Robotics: While there has been no significant change in the demand outlook, the revenue and segment profit forecasts were raised to reflect updated foreign exchange assumptions and U.S. tariff refunds. • Commercial & Industrial Printing: No significant change to the previous forecast for finished products. The sales forecast in Small Printers was raised. • Robotics: Aim to capture new orders and capitalize on market opportunities with newly launched products offering enhanced competitiveness.
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16© SEIKO EPSON CORPORATION 2026 FY2026 Financial Outlook | Office & Home Printing *4 Indicator based on internal control values. (Billion JPY） Office & Home Printing FY2025 Actual FY2026 5/1 Outlook FY2026 8/5 Outlook YoY YoY ratio vs 5/1 outlook Revenue 692.5 698.0 712.0 +19.5 +2.8% +14.0 SOHO/ Home*1 549.5 541.0 552.0 +2.5 +0.5% +11.0 Office Shared*2 88.8 106.0 108.0 +19.2 +21.6% +2.0 Office & Home, Others*3 54.3 51.0 52.0 -2.3 -4.3% +1.0 Segment profit 61.2 56.0 58.0 -3.2 -5.2% +2.0 ROS 8.8% 8.0% 8.1% FY2025 Actual FY2026 5/1 Outlook FY2026 8/5 Outlook Hardware q’ty （approx., million） 17.10 17.20 17.20 High-capacity ink tank model 13.70 14.10 14.10 Ink cartrige model 3.05 2.70 2.70 Offce shard model 0.35 0.40 0.40 +0% -3% +1% -1% Office & Home IJP sales trends*4 Ink revenue YoY ratio （JPY） （local currency） *1 I/C printers, high-capacity ink tank printers, ink, etc. *2 LIJ, RIPS, I/C printers, ink, etc. *3 Scanners, LPs, Portable Label Printer, etc. *4 Indicator based on internal control values. • Office & Home Printing: Despite the negative impact of higher parts and transport prices due to soaring crude oil prices, earnings are expected to be generally in line with the previous outlook, reflecting revised foreign exchange assumptions and U.S. tariff refunds. • Office & Home: The IJP hardware unit sales forecast remains unchanged from the previous outlook. • Ink revenue is expected to remain stable, with no material change from the previous forecast.
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17© SEIKO EPSON CORPORATION 2026 FY2026 Financial Outlook | Visual & Lifestyle (Billion JPY） Visual & Lifestyle FY2025 Actual FY2026 5/1 Outlook FY2026 8/5 Outlook YoY YoY ratio vs 5/1 outlook Revenue 250.9 252.0 271.0 +20.1 +8.0% +19.0 Visual Products 181.4 186.0 194.0 +12.6 +7.0% +8.0 Wearable Products 41.1 42.0 47.0 +5.9 +14.4% +5.0 PC 28.4 24.0 30.0 +1.6 +5.7% +6.0 Segment profit 16.9 20.0 22.0 +5.1 +30.0% +2.0 ROS 6.7% 7.9% 8.1% FY2025 Actual FY2026 5/1 Outlook FY2026 8/5 Outlook Hardware q’ty （approx., million） 1.30 1.30 1.30 Projector sales trends* * Indicator based on internal control values. • Visual and Lifestyle: The revenue and segment profit forecasts were raised in light of revised foreign exchange assumptions and the positive impact of U.S. tariff refunds, despite higher part & transport costs. • Visual Products: The forecast for projector unit sales has not changed since the previous outlook. • Wearable Products: The outlook was raised on expected demand growth. • PC: Prices will be adjusted to offset soaring memory and other parts prices.
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18© SEIKO EPSON CORPORATION 2026 FY2026 Financial Outlook |Major Costs, Free Cash Flows, Management Indices （Billion JPY） （Billion JPY） （Billion JPY） 44.3 42.8 46.8 46.0 0.0 10.0 20.0 30.0 40.0 50.0 FY23 FY24 FY25 FY26 Outlook Research & development costs 70.0 75.8 74.5 85.0 68.7 72.0 77.5 78.0 0.0 20.0 40.0 60.0 80.0 100.0 FY23 FY24 FY25 FY26 Outlook Capital expenditure / Depreciation & amortization expenses Capital expenditure Depreciation & amortization expenses -59.0 -150.8 -65.6 -70.0 165.6 138.1 112.4 140.0 106.6 -12.7 46.8 70.0 -200.0 -100.0 0.0 100.0 200.0 FY23 FY24 FY25 FY26 Outlook Free cash flow Cash flows from operating activities Cash flows from investing activities Free cash flows Main management indices Exchange rate : USD/JPY 144.44 152.47 150.69 156.00 150.00 Exchange rate : EUR/JPY 156.66 163.64 174.74 178.00 170.00 Revenue (Billion JPY) 1,314.0 1,362.9 1,413.3 1,510.0 1,500.0 Bussiness profit (Billion JPY) 64.7 89.6 83.8 105.0 - Profit for the year attributable to owners of the parent company (Billion JPY) 52.6 55.2 18.2 69.0 - ROS *1 4.9% 6.6% 5.9% 7.0% 8.0% ROA *2 4.7% 6.2% 5.6% 6.8% - ROE *3 6.8% 6.8% 2.2% 8.1% 10.0% ROIC*4 4.6% 6.1% 5.5% 6.8% 8.0% *1 ROS: Business profit / revenue *2 ROA: Business profit / Beginning and ending balance average total assets *3 ROE: Profit for the year attributable to owners of the parent company / Beginning and ending balance average equity attributable to owners of the parent *4 ROIC: After tax business profit / (equity attributable to owners of the parent company + interest-bearing liabilities) After tax business profit: deducting an amount equivalent to the statutory effective tax rate (30%) from business profit Equity attributable to owners of the parent company and interest-bearing liabilities are average of beginning and ending balance FY28 Mid-trem Target FY23 Actual FY24 Actual FY25 Actual FY26 Outlook
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19© SEIKO EPSON CORPORATION 2026 Shareholder Returns *1 Total dividends / Beginning and ending balance average equity attributable to owners of the parent company *2 Calculated based on the amount obtained by deducting an amount equivalent to the statutory effective tax rate (30%) from business profit Interim : ¥40 Year-end : ¥40 DOE*13％ Consolidated dividend payout ratio*2 ー40%38%54%36%34%50%75%44%42% 62 62 62 62 62 72 74 74 74 80 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Share Repurchase ¥10B （JPY） （outlook） Share Repurchase ¥30B Share Repurchase ¥30B Share Repurchase ¥30B Basic policy: After making investments based on our growth strategy, actively pursue shareholder returns Dividends : Pay stable divi dends, with a minimum DOE*¹ of 3%. Share repurchases : Buy back shares flexibly depending on the s hare price, the capital situation, and other factors. Dividends: Increase the FY2026 annual dividend by ¥6 to ¥80 per share. Share repurchases: Repurchase up to ¥30 billion in treasury shares in FY2026 Repurchase period: August 7, 2026 – March 31, 2027 Newly repurchased treasury shares to be cancelled in full.
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20© SEIKO EPSON CORPORATION 2026
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21© SEIKO EPSON CORPORATION 2026 Reference
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22© SEIKO EPSON CORPORATION 2026 Main Product Sales Trends FY2025 Q1 Actual FY2025 Q2 Actual FY2025 Q3 Actual FY2025 Q4 Actual FY2025 Fyll-year Actual FY2026 Q1 Actual FY2026 Q2 FY2026 Q3 FY2026 Q4 FY2026 Fyll-year Outlook Exchange rate USD 144.49 147.43 154.09 156.75 150.69 159.38 156.00 EUR 163.76 172.30 179.33 183.57 174.74 185.33 178.00 Growth rate(JPY) -4% +2% +4% +16% +5% +12% +5% Growth rate (local currency) +3% +2% +0% +9% +4% +1% Growth rate +1% +1% +0% +11% +3% -0% +1% approx., million 171.0 17.20 SOHO/ Home: High-Capacity ink tank model approx., million 137.0 14.10 SOHO/ Home: Ink cartridge model approx., million 30.5 2.70 Office shared approx., million 3.5 0.40 Ink ratio* 36% 35% Growth rate(JPY) -11% +1% +4% +7% +0% +16% +1% Growth rate (local currency) -6% +0% +1% +1% -1% +6% Projectors Hardware Revenue Growth rate(JPY) -18% -15% -7% -2% -11% +7% +7% Growth rate (local currency) -13% -15% -10% -8% -12% -4% Projectors Hardware sales volume Growth rate -22% -22% -10% -11% -17% +5% +0% approx., million 1.30 1.30 * Ink ratio : Ink revenue/(Hardware revenue+Ink revenue) Indicator based on internal control values Growth rates are year-on-year SOHO/ Home & Office shared IJP Hardware Revenue SOHO/ Home & Office shared IJP Hardware sales volume Revenue within SOHO/ Home & Office shared
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23© SEIKO EPSON CORPORATION 2026 FY2026 Q1 Results | Selling, General & Administrative Expenses FY2024 403.4 (29.6%) YoY(Q1) 96.4 98.2 99.7 109.1 96.6 102.0 109.0 109.4 105.6 0 +9.0 (Billion JPY) SG&A Expenses to Sales Revenue Ratio Other +3.6 Advertising +1.2 Sales Promotions +0.4 Research & Development +0.5 Labor Cost +3.3 417.0 (29.5%) FY2025 38.7 38.3 38.0 41.9 40.4 40.6 42.6 43.5 43.7 10.8 10.1 9.8 12.2 11.3 11.8 11.6 12.1 11.77.7 8.0 8.9 8.8 6.9 7.6 8.4 9.5 7.24.8 6.6 5.2 6.9 4.2 5.6 7.1 6.8 5.4 34.5 35.3 37.8 39.2 33.8 36.3 39.4 37.5 37.4 28.7% 29.1% 28.5% 32.2% 30.1% 29.4% 29.0% 29.6% 28.7% 0.0 50.0 100.0 150.0 FY24/Q1 FY24/Q2 FY24/Q3 FY24/Q4 FY25/Q1 FY25/Q2 FY25/Q3 FY25/Q4 FY26/Q1 FY26/Q2 FY26/Q3 FY26/Q4
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24© SEIKO EPSON CORPORATION 2026 Financial Data (FY2025, FY2026) (Billion JPY) FY2025 FY2025 FY2025 FY2025 FY2025 FY2026 FY2026 FY2026 FY2026 FY2026 Q1 Q2 Q3 Q4 Full-year Q1 Q2 Q3 Q4 Full-year Actual Actual Actual Actual Actual Actual Outlook Exchange rate USD 144.49 147.43 154.09 156.75 150.69 159.38 156.00 ( J P Y ) E U R 1 6 3 . 7 61 7 2 . 3 01 7 9 . 3 31 8 3 . 5 71 7 4 . 7 41 8 5 . 3 3 1 7 8 . 0 0 Precision Innovation Revenue 40.3 40.8 42.5 43.9 167.5 49.8 195.0 Segment profit 9.6 11.2 11.2 12.0 44.0 15.5 55.0 Industrial & Robotics Revenue 69.6 73.8 77.8 76.7 297.8 82.0 325.0 Segment profit 3.8 4.6 7.9 3.9 20.2 5.5 31.0 Office & Home Printing Revenue 148.8 167.5 189.4 186.9 692.5 167.0 712. 0 Segment profit 14.6 12.0 16.9 17.7 61.2 11.4 58.0 Visual & Lifestyle Revenue 62.7 63.2 64.5 60.5 250.9 67.2 271.0 Segment profit 6.0 5.7 4.2 1.0 16.9 4.2 22.0 Adjustments Revenue -0.5 1.3 2.2 1.5 4.5 1.2 7.0 Corporate & Other, Elimination Segment profit -14.3 -15.8 -13.8 -14.7 -58.6 -14.5 -61.0 Revenue 320.9 346.5 376.5 369.4 1,413.3 367.2 1,510.0 Business profit 19.8 17.7 26.4 20.0 83.8 22.1 105.0 Consolidated Total ROS 6.2% 5.1% 7.0% 5.4% 5.9% 6.0% 7.0% R&D Costs 11.3 11.8 11.6 12.1 46.8 11.7 46.0 2.9 4.2 3.4 4.0 14.4 2.7 33.0 1.9 3.2 2.5 5.0 12.5 1.5 10.0 4.8 4.5 7.0 11.7 28.1 6.8 24.0 1.7 2.1 2.2 3.6 9.5 2.2 10.0 4.7 0.9 1.7 2.7 10.0 1.7 8.0 15.9 14.9 16.7 27.0 74.5 15.0 85.0 4.2 4.3 4.4 4.3 17.2 4.6 19.0 4.1 4.1 4.1 4.2 16.5 4.1 16.0 5.9 6.1 6.0 6.0 24.0 5.9 23.0 2.7 2.7 2.8 2.9 11.1 2.9 11.0 2.1 2.2 2.2 2.2 8.7 2.2 9.0 19.0 19.4 19.5 19.7 77.5 19.6 78.0 3.2 21.0 37.9 50.3 112.4 19.9 140.0 -18.9 6.3 28.4 31.0 46.8 4.1 70.0 5.5% 6.8% Office & Home Printing Visual & Lifestyle Consolidated Total Corporate & Other, Elimination Consolidated Total Depreciation & amortization expenses Precision Innovation Industrial & Robotics Capital expenditures Precision Innovation Industrial & Robotics Office & Home Printing Visual & Lifestyle Corporate & Other, Elimination Consolidated Total Cash flows from operating activities Free cash flows ROIC(%)
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25© SEIKO EPSON CORPORATION 2026 Revenue to Customers by Region / Number of Employees Revenue to customers by region Revenue (Billion JPY) FY24/Q1 FY24/Q2 FY24/Q3 FY24/Q4 FY25/Q1 FY25/Q 2 FY25/Q3 FY25/Q4 FY26/Q1 FY26/Q2 FY26/Q3 FY26/Q4 Japan 52.0 54.4 61.0 58.6 54.4 57.9 62.6 57.1 56.7 The Americas 114.6 106.6 106.6 111.5 108.8 111.6 117.0 120.7 125.7 Europe/ Middle East/ Africa 68.0 74.8 78.1 78.1 64.0 74.8 88.0 86.7 74.4 Asia/ Oceania 102.1 101.8 103.9 90.9 93.7 102.2 109.0 104.9 110.4 Consolidated revenue 336.6 337.6 349.6 339.1 320.9 346.5 376.5 369.4 367 .2 FY24/Q1 FY24/Q2 FY24/Q3 FY24/Q4 FY25/Q1 FY25/Q2 FY25/Q3 FY25/Q4 FY26/Q1 FY26/Q2 FY26/Q3 FY26/Q4 Japan 15.4% 16.1% 17.4% 17.3% 17.0% 16.7% 16.6% 15.5% 15.4% The Americas 34.0% 31.6% 30.5% 32.9% 33.9% 32.2% 31.1% 32.7% 34.2% Europe/ Middle East/ Africa 20.2% 22.2% 22.4% 23.0% 19.9% 21.6% 23.4% 23.5% 20.3% Asia/ Oceania 30.3% 30.2% 29.7% 26.8% 29.2% 29.5% 28.9% 28.4% 30.1% Number of employees End of Jun 2024 End of Sep 2024 End of Dec 2024 End of Mar 2025 End of Jun 2025 End of Sep 2025 End of Dec 2025 End of Mar 2026 End of Jun 2026 End of Sep 2026 End of Dec 2026 End of Mar 2027 Japan 20,702 20,672 20,439 19,924 20,324 20,137 20,008 19,504 19,724 Outside of Japan 56,969 57,889 56,808 55,428 55,308 56,025 55,354 55,115 56,307 Consolidated total 77,671 78,561 77,247 75,352 75,632 76,162 75,362 74, 619 76,031 % of revenue to consolidated revenue Number of employees at period end (person)
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26© SEIKO EPSON CORPORATION 2026 A4 Printer Market Trend 0.0 5.0 10.0 15.0 Japan, North America, Western Europe ■ Ink tank printers ■Ink cartridge printers ■ Laser printers (1-20 ppm) ■ Laser printers (21 ppm and more) Source: IDC Worldwide Quarterly Hardcopy Peripherals Tracker 20 26Q1 Printers include multifunction printers. Reproduction or republ ication of this data is prohibited 0.0 5.0 10.0 15.0 Other RegionsMillion Units Million Units calendar year calendar year
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27© SEIKO EPSON CORPORATION 2026 Visual & LifestyleOffice & Home PrintingSegments Precision Innovation Business/ Major products Signage Textiles Label presses Photo Ultra short throw Scanners Ink cartridge office models Epson Direct PCs High-speed linehead multifunctions (LIJ) High-capacity ink pack models (RIPS) Movements Seiko Business Standard Home/Smart Corporate Ink cartridge models High-capacity ink tank models Inkjet Solutions Compact label printers Finished Products Label printers Orient Star, Orient Microdevices Epson Atmix Commercial & Industrial Printing Fiery SmallprintersSIDM Robotics PaperLab Office/Home IJP SOHO/Home Office shared Office & Home, Others Visual Products Wearable Products PC Semiconductors Printheads Crystal Devices Commercial & Industrial, Others Timing Device Sensing Device Industrial & Robotics High brightness Business Segments (FY2026) SCARA 6-axisFine metal powders Software/Options
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28© SEIKO EPSON CORPORATION 2026 Evaluation by External Parties （As of August ５, 202６） FTSE4Good Index Series FTSE JPX Blossom Japan Index FTSE JPX Blossom Japan Sector Relative Index MSCI Nihonkabu ESG Select Leaders Index MSCI Japan Empowering Women Index (WIN) S&P/JPX Carbon Efficient Index Morningstar Japan ex-REIT Gender Diversity Tilt Index SOMPO Sustainability Index Prime rating in the ESG Corporate Ratings by ISS ESG CDP A Lists 2025 （water security） Development Bank of Japan (DBJ) Environmentally Rated Loan Program Rank A “AAA” in MSCI ESG Ratings EcoVadis Platinum Rating for Overall Sustainability ESG Awards / Index Adoption, etc. ESG Indices and Ratings Inclusion Now included in all six domestic ESG indexes used by the GPIF https://corporate.epson/en/sustainability/evaluation/ *1 The Responsible Business Alliance (RBA) is the world's largest industry coalition dedicated to corporate social responsibility in global supply chains. *2 Health Management Objectives and Organization https://corporate.epson/en/sustainability/our-people/health-and-productivity.html RBA *1 Platinum CSR recognition at main overseas plants (Indonesia, Thailand, and China) IAM “The 202５ Asia IP Elite”: Nov. 202５ Clarivate Top 100 Global Innovators 202６: Jan. 202６ 34th Minister of Economy, Trade and Industry Award at the 34th Global Environment Awards ： Mar. 2026 Health Management Excellence*2 : Mar. 2026 WIPO Prize at the 2026 National Commendation for Invention: Jun. 2026 Nikkei 225: from 2017
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29© SEIKO EPSON CORPORATION 2026 IR Materials Explanatory Presentations Integrated Report Epson in 5 Minutes Shareholder Returns https://corporate.epson/en/investors/publications/ https://corporate.epson/en/investors/information/stock-dividends.html Investor Relations Sustainability Sustainability Management Environment Our People ESG Data https://corporate.epson/en/sustainability/initiatives/ https://corporate.epson/en/philosophy/purpose/ Purpose Vision Epson Corporate Website https://corporate.epson/en/investors/overview/ https://corporate.epson/en/investors/publications/presentations.html https://corporate.epson/en/investors/publications/integrated-report.html https://corporate.epson/en/philosophy/vision/ https://corporate.epson/en/sustainability/esg-data/ https://corporate.epson/en/sustainability/environment/ https://corporate.epson/en/sustainability/our-people/
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30© SEIKO EPSON CORPORATION 2026 Manufacturing metal powders, metal injection molded parts, and synthetic quartz for crystal devices Epson Atmix Metal Powders Business Manufacturing advanced functionality metal powders Capable of mass-producing ultra- fine powders using a proprietary Atmix process Manufactures artificial quartz of world-class quality Uses its own powders to manufacture parts with complex shapes and high densities End-to-end production system, from the manufacture of metal powders from raw materials to MIM parts Printer parts Raw material for electrical equipment Head Office: Hachinohe, Aomori Kita-Inter Plant: Hachinohe Kita Inter Industrial Park, Hachinohe, Aomori Kita-Inter Plant 2: Kita Inter Industrial Park, Hachinohe, Aomori SMD inductors Orthodontic braces Metal powders Pellets for molding Quartz Timing devices Metal Injection Molding Business Synthetic Quartz Business Epson Atmix Corporation Hachinohe
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31© SEIKO EPSON CORPORATION 2026 Ink cartridgesI/C Inkjet printersIJP Line inkjet multifunction printersLIJ Laser printers, including multifunction printersLP Replaceable ink pack system, high-yield cartridge-free ink pack printersRIPS Inkjet printers with high-capacity ink tank (includes EcoTank)High-Capacity Ink Tank Printers General term for high-capacity ink tank printers, RIPS, and LIJHigh-Capacity Ink Models Small office, home officeSOHO Printer category for high print volume office users. This includes LIJ, RIPS, and I/C printersOffice Shared Epson's mobile cloud service for Epson products and servicesEpson Connect Color management technology that enhances color reproducibilityColor Control Technology Printing method that prints out same images/ documents using several printersDistributed printing Serial impact dot matrix printersSIDM Technology that projects images by utilizing 3LCD-chips 3LCD High-lumen projectors mainly used in venues such as conference rooms and hallsHigh-Brightness Laser Projectors Projectors over 500 lm, with standalone network connectivity and video streaming service usabilitySmart Projectors Flat panel displaysFPD Micro-electromechanical system technology that integrates mechanical structures and electronic circuits on a single substrate using semiconductor fabrication processesMEMS TCXO is a temperature compensated crystal oscillator with a built-in temperature compensation circuit to improve frequency stability.TCXO An RTC (Real Time Clock) is a dedicated IC that generates and outputs time, date, and other digital data from a clock source.RTC Business domain including Inkjet Solutions, Microdevices, Epson Atmix, Robotics, and Commercial ＆ Industrial PrintingIndustrial Domain Definition of Terms
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32© SEIKO EPSON CORPORATION 2026 Disclaimer regarding forward-looking statements Note regarding business profit The foregoing statements regarding future results reflect the Company’s expectations based on information available at the time of announcement. The information contains certain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to, the competitive environment, market trends, general economic conditions, technological changes, exchange rate fluctuations and our ability to continue to timely introduce new products and services. Numerical values presented herein Numbers are rounded off to the unit indicated. Percentages are rounded off to one decimal place. Years mentioned in these materials are fiscal years unless otherwise indicated. Business profit is calculated by deducting cost of sales and SGA expenses from revenue. Although not defined in the statement of consolidated comprehensive income, this indicator is very similar to the concept of operating income under J-GAAP. Epson will present this information as a reference, as the Company believes users of financial statements will find it useful when evaluating Epson's financial performance.
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33© SEIKO EPSON CORPORATION 2026