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seiko epson corp (6724) Snapshot

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seiko epson corp (6724) Details

Seiko Epson Corporation, together with its subsidiaries, is engaged in the development, manufacture, and sale of information-related equipment, devices and precision products, sensing and industrial solutions, and others, as well as provision of related services. Its Information-Related Equipment segment manufactures home and office inkjet printers, page printers, commercial inkjet printers, serial impact dot matrix printers, printers for use in POS systems, and inkjet label printers and related supplies, as well as color image scanners. This segment also offers visual products, such as 3LCD projectors; high-temperature polysilicon TFT panels for 3LCD projectors, label printers, and head mounted displays; and personal computers and others. The company’s Devices and Precision Products segment develops, manufactures, and sells crystal units, crystal oscillators, and quartz sensors for consumer, automotive, and industrial equipment applications; CMOS LSIs and other chips for electronics and automotive applications; watches and watch movements under the Seiko brand; metal powders for use as raw materials in the production of electronic components, etc.; and surface finishing services to a range of industrial fields. Its Sensing and Industrial Solutions segment provides industrial robots, IC handlers, industrial inkjet printing systems, sensing systems, and others. The company sells its products primarily in Japan, the Americas, Europe, and Asia/Oceania. Seiko Epson Corporation was founded in 1942 and is headquartered in Suwa, Japan.

69,878 Employees
Last Reported Date: 04/30/15
Founded in 1942

seiko epson corp (6724) Top Compensated Officers

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seiko epson corp (6724) Key Developments

The State of Washington Reaches $63 Million Agreement with Samsung, AU Optronics, Sharp, Epson, Toshiba, LG and Hatachi

The State of Washington has reached a $63 million agreement with nine LCD manufacturers accused of fixing prices for products ranging from flat-screen televisions to computers and cellphones. If a King County Superior Court judge approves the agreement during a May 22 hearing. The state filed a lawsuit in 2010 against a list of companies that make products that use a liquid crystal display, or LCD. The lawsuit claimed these companies conspired to fix prices between 1998 until 2006. The scheme may have increased the prices that customers paid by as much as 20%. The LCD panel can account for 80% of the cost of a device. Larry Gangnes, a Seattle lawyer representing Samsung, declined to comment on the case. Messages left for lawyers with the other companies were not immediately returned. Under the agreement, Samsung would pay the state $12.94 million and AU Optronics $12.5 million. Sharp, Epson and Toshiba also agreed to pay between $950,000 and almost $7 million. Two other companies, LG and Hatachi, had previously reached an agreement in the case for $13 million and $5.2 million, respectively. Eight of the nine companies involved in the case had previously pleaded guilty or were convicted of federal criminal price-fixing charges filed by the U.S. Justice Department. Most of the money will be returned to consumers who purchased the products.

Seiko Epson Corp. Announces Executive Changes

Seiko Epson Corp. announced that a meeting of its board of directors had provisionally approved the executive personnel changes. The changes are subject to final approval at the company's annual general meeting and board meeting scheduled to be held on June 25, 2015. The company announced the promotion of Yoneharu Fukushima to Managing director. Currently he is director, chief operating officer, Robotics Solutions Operations Division, and general administrative manager, Corporate Research & Development Division. The company announced promotion of Koichi Kubota to Managing director. Currently he is director, and chief operating officer, Printer Operations Division. The company announced the appointment of Nobuyuki Shimotome as Executive officer. Currently he was deputy general administrative manager, Corporate Research & Development Division. Kazuyoshi Yamamoto appointed as Executive officer, currently he was vice president, Epson Europe B.V.

Seiko Epson Corp., Q4 2015 Earnings Call, Apr 30, 2015

Seiko Epson Corp., Q4 2015 Earnings Call, Apr 30, 2015

 

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