Epson Posts Notice of Extraordinary Losses
- TOKYO, Japan, April 28, 2011 -
Seiko Epson Corporation ("Epson", TSE: 6724) today announced it would book extraordinary losses for the fourth quarter (January 1 to March 31, 2011) of the year ending March 31, 2011.
1. Details of extraordinary losses
(1) Loss on disaster
Epson will book on a consolidated base extraordinary losses of 4,755 million yen associated with the earthquake that struck the Tohoku area of Japan.
(2) Business structure improvement expenses
Epson will book on a consolidated base extraordinary losses of 4,566 million yen associated with the termination of the small- and medium-sized displays business.
2. Impact on business results
The aforementioned extraordinary losses have been reflected in the business results for the full year ended March 2011 announced today. For details, please read the "Consolidated Results for Year Ended March 31 2011."
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