Epson is setting return on invested capital (ROIC) targets and directing investment towards growth areas including industrial printing and inkjet technologies, as part of its Engineered Future 2035 corporate vision and a mid-term business plan for 2026–28.
The company says it will use ROIC as a management metric to guide capital allocation, with a target of eight per cent or more by FY2028. It plans to invest approximately ¥280 billion over three years in defined growth domains, including its Precision Innovation and Industrial & Robotics segments.
Within these segments, Epson shows inkjet solutions, microdevices, Epson Atmix, commercial and industrial printing, and robotics. The Precision Innovation segment is positioned as the primary growth engine, while Industrial & Robotics is expected to drive growth in the next phase. Office & Home Printing and Visual & Lifestyle are intended to generate steady cash.
Epson says it will redesign its business portfolio, review fixed costs and asset efficiency, and restructure global operations and supply chains. It will also strengthen sales in emerging markets and expand recurring business and solutions, with the aim of improving capital efficiency and shifting resources from mature markets.
Cash generated from these changes will be allocated to growth domains and strategic investments, including mergers and acquisitions, under what the company describes as disciplined ROIC-based management.
The company says it will deliver shareholder returns through a minimum dividend on equity of three per cent, supported by flexible share buybacks.
In outlining its long-term vision to 2035, Epson says environmental and geopolitical risks, constrained resources and energy, and demographic changes including labour shortages will shape the next decade.
The company says, “the future should not be left to chance but must be methodically engineered,” adding that “driving advances in the technology itself will not be enough” and that technologies must be designed to function effectively in real-world conditions.
Epson says it will build on its “efficient, compact, and precise technologies” and the philosophy of “Sho-Sho-Sei” to deliver “real-world value” across industry, and in learning, working, and living environments, with the aim of supporting both social and corporate value over time.