Brother’s Sales Fall, but Profit on the Upswing

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Brother International of Japan this week reported results for its April to June quarter, with sales falling four percent year-over-year to ¥157.5 billion ($1.52 billion), but with operating profit increasing to ¥21.1 billion ($204.9 million). Revenue was down 4.0 percent for the quarter to ¥157 billion.

Brother attributed the upswing in operating profit to “more efficient advertising spending.” Reflecting these results, Brother raised its forecasts for its financial year, projecting its operating profit to grow by ¥3.5 billion ($345.5 million) to ¥48.5 billion ($478.8 million).

However, Brother expects sales volume to decline by another 6.2 percent as well.

Brother’s printing and solutions business reported revenue of ¥95.2 billion ($925.2 million) for the quarter versus ¥103.9 billion ($1.02 billion) for the same quarter a year ago.

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