EPSON ISSUES NOTICE OF EXTRAORDINARY LOSSES

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Date: Thursday May 5, 2011 07:27:43 am
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    Epson issues Notice of Extraordinary Losses
    – TOKYO, Japan, April 28, 2011 –

    Seiko Epson Corporation 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."

     

    global.epson.com/newsroom/2011/news_20110428_2.html
    Epson Announces Changes to Executive Officer Lineup
    – TOKYO, Japan, April 28, 2011 –
    At a meeting of its board of directors, Seiko Epson Corporation  today determined the following changes to its lineup of executive officers. The changes will take effect on June 20, 2011.
    Managing executive officer     Hiroshi Komatsu
    Managing executive officer     John Lang
    Managing executive officer     Masataka Kamiyanagi
    Executive Officer     Akihiko Sakai
    Executive Officer     Akio Mori
    Executive Officer     Kiyofumi Koike
    Executive Officer     Ryuhei Miyagawa
    Executive Officer     Koichi Endo
    Executive Officer     Hiromi Taba
    Executive Officer     Koichi Kubota
    Executive Officer     Motonori Okumura
    Executive Officer     Takashi Oguchi (new appointment)
    Executive Officer     Shigeki Inoue (new appointment)

    * Kazuki Ito has reached the end of his term and will retire from his role as executive officer.

     

    Reference
    At the meeting of its board of directors held on April 28, 2011, Epson nominated the following candidates for director. Candidates for director and titled director are subject to approval at the company’s annual general meeting, which is scheduled to be held on June 20. There will be no changes to the auditor lineup.
    Chairman     Seiji Hanaoka
    Vice chairman     Yasuo Hattori
    President (representative director)     Minoru Usui
    Executive vice president (representative director)     Masayuki Morozumi
    Senior managing director (representative director)     Kenji Kubota
    Managing director     Torao Yajima
    Managing director     Seiichi Hirano
    Managing director     Tadaaki Hagata
    Director     Noriyuki Hama
    Director     Yoneharu Fukushima
    Standing statutory auditor     Kenji Uchida
    Standing statutory auditor     Toru Oguchi
    Outside statutory auditor     Yoshiro Yamamoto
    Outside statutory auditor     Tatsuhiro Ishikawa
    Outside statutory auditor     Kenji Miyahira

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