[Anonymous]

Seiko Epson post losses in Japan

Seiko Epson, whose business year begins on April 1, also reported sluggish earnings. Canon’s archrival in the ink jet printer market posted an operating loss of 5.04 billion yen in the latest quarter due to sharp price falls on LCD panels for mobile phones.

 

Seiko Epson has been dogged by sliding prices of small LCD panels used in mobile phones amid intense price competition with rivals Sharp Corporation, Toshiba Matsush*ta Display and South Korea’s Samsung Electronics Company.

 

The company’s LCD business, which primarily supplies panels to Nokia and other cellphone makers, is handled by Sanyo Epson Imaging Devices, a joint venture owned 55 per cent by Seiko Epson and 45 per cent by Sanyo Electric Company.

[Author]

July 29, 2005 at 10:48 AM