For the year to 31 March 2025 sales were up 3.7% at just under ¥1,363bn (£7bn), while business profit increased from ¥64.7bn to ¥89.5bn.

At its Commercial & Industrial Printing division, which includes a contribution from Fiery since its £445m acquisition at the end of last year, sales were up 11.9% at ¥299.7bn. 

Epson said that commercial and industrial inkjet revenue and business profit “grew sharply owing to expanded demand for printheads used in textile and other applications”.

Regarding the outlook, and the likely impact of the new US tariff regime, Epson CEO and president Junkichi Yoshida said that while tariffs would increase by ¥17bn, the group expected to limit the negative impact on business profit to ¥8bn, “after factoring in higher prices in the US and a decline in unit sales due to curbed demand”.

“Although less than 10% of our North American imports are produced in China, we are planning to transfer the production of some products to other sites to minimise the impact,” he said.

“We will continue to closely monitor the tariff situation and do everything we can to respond rapidly and flexibly to fulfil our supply responsibilities to customers.”

Epson will be exhibiting at next week's Fespa show in Berlin, where it will show its new SureColor S7100 wide-format signage printer.