Brother Reports Encouraging Results for Fiscal Year
While we’ve had some disappointing financial news out of Japan recently, on May 9th, Brother International of Japan bucked the trend, reporting upbeat results for its latest fiscal year, the 12 months that ended on March 31, 2017. While sales revenue totaled 6,412 million yen, down 6.0 percent versus the previous fiscal year, net income was 442 million yen, up 14.6 percent.
Brother stated that despite the “solid global growth” of its Printing and Solutions business, sales declined “due to a large negative impact of (the Japanese) yen’s appreciation.”
The firm reported that sales volume for both monochrome and color laser printers surpassed that of the previous year, due to increased sales of models targeting the SOHO market. In the inkjet-printer market, Brother says it shifted toward selling “highly profitable models.”
Overall, Brother stated that “Profit increased significantly in real terms as a result of the efforts made according to the new mid-term strategy to enhance profitability of the P&S (Printing and Solutions) business, despite a 13.2-billion yen negative impact of (the) yen’s appreciation in the business-segment profit.”
Sales for the Printing and Solutions group for the yea were 3,836 million yen, down 7.6 percent, but operating profit for the Printing and Solutions group was 455 million yen, up 16.7 percent.
For its current fiscal year that will end in March 2018, Brother is forecasting sales of 6,550 million yen, up 2.2 percent versus the previous fiscal year, and 430 million yen for net income, down 9 percent versus the previous fiscal year, reflecting the negative effects of a stronger Japanese yen. It’s expecting sales for its Printing and Solutions group to decline by 1.5 percent, and operating profit for the group to decline by 6.6 percent.
For its Printing and Solutions group, its goals are to:
- Maintain its presence in the SOHO market and maximize profit.
- Increase growth in the small and mid-size market.
- Seek profitability improvement in emerging economies.
- Increase profitability for its inkjet-printer business.
- Maintain its supply business model.
- March 2017: New Brother Business-Class Laser Printers, MFPs Feature ‘Enterprise-Level Security,’ Workflow Solutions
- March 2017: New Brother INKvestment All-in-Ones with 11″ x 17″ Media Handling, Black Ink at 1¢ Per Page
- November 2016: Brother Posts Upbeat Financials for First Half, Super-High-Yield Ink Tanks Improve Profitability
- October 2016: ‘Printing for Pocket Change’ – New Brother INKvestment Inkjet Printers Promise a Penny-per-Page for Black Prints
- August 2016: Brother’s Sales Fall, but Profit on the Upswing
- May 2016: New Brother Inkjet All-in-One Features Included Ink Cartridges Good for Printing for up to Two Years
- May 2016: Sales Up, But Profits Down for Brother International’s Fiscal Year; Printer Group Sales Steady
- February 2016: New ‘Business-Focused’ Higher-Volume Laser Printers and All-in-Ones from Brother
- January 2016: Brother’s New L5000, L6000 Series for Higher-Volume Office Applications; New 48-PPM ‘Multi-Function’ Copier