For the first quarter of 2017, the revenue of Epson printing solutions was 22.1 billion, up 71.9 per cent compared to the first quarter of 2016. Profit in the printing solutions segment increased due to a combination of growth in sales of high capacity ink tank inkjet printers and large-format inkjet printers, and foreign exchange effects.
There was an increase in the printer business revenue. Inkjet printer revenue continued to expand, as high-capacity ink tank printer unit shipments jumped in emerging economies and as increased market recognition sparked unit shipment growth in developed countries, as well. Foreign exchange effects also boosted inkjet revenue.
There was a rise in consumables revenue owing to an increase in unit shipments and to foreign exchange effects. POS system product revenue increased because of firm demand for low-end models in Japan, increased unit shipments resulting from some major contract wins in Europe and North America, and foreign exchange effects.
However, the company's page printer sales decreased due to a slump in consumables sales in addition to a decline in unit shipments, the result of Epson's focus on selling high added value models. Serial-impact dot-matrix printer revenue also declined compared to the same period last year, when there was special demand in the Chinese tax collection system market.