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