The company said that revenue over the year grew due to market recovery from COVID-19 and continued at-home print demand despite constrained supply due to materials shortages and logistics disruptions.
For the fourth quarter, revenue was ¥282.1 billion ($2.15 billion/ €2.05 billion), up ¥4.1 billion ($31.32 million/ €29.75 million) year-on-year. The full year revenue for fiscal year 2021 was ¥1.23 trillion ($9.4 billion/ €8.9 billion), an increase of ¥132.9 billion ($1.02 billion/ €964.6 million).
In the fourth quarter, Epson said that “prices were dynamically adjusted in response to an imbalance between supply and demand amid constrained supply caused by semiconductor and other material shortages and logistics disruptions. Revenue increased, but profit declined due to soaring materials and logistics costs.”
In the office and home printing segment, Epson said that revenue increased owing mainly to dynamic pricing of inkjet printers as well as sales of high-capacity ink bottles and ink for office shared inkjet printers increased.
Epson said that it expects materials shortages will persist, but that it will take steps to ease supply constraints and increase unit sales. SOHO and home inkjet printer prices are expected to fall in the 2nd half as unit sales increase, but prices for projectors, microdevices, etc. will rise.
