Revenues Up, But Profits Down for Brother’s First Quarter
Brother International of Japan has reported financial results for its first fiscal quarter that ended on March 31, 2017, with revenue of ¥167,728 million, up 6.5 percent, and profits of ¥9,322 million, down 39.2 percent, both versus the first quarter a year earlier.
Brother’s Printing and Solutions group posted profits of ¥9,144 million for the first quarter, versus ¥17,908 million for the quarter a year earlier. (The Printing and Solutions group consists of printers, All-in-Ones, labeling systems, label printers, scanners, etc.)
Within the Printing and Solutions group, sales of communication and printing equipment were ¥87,666 million, up 4.4 percent versus the same quarter a year ago.
Total sales for the Printing and Solutions group – which includes communication and printing equipment, as well as electronic stationary – were ¥98,800 million, up 3.0 percent versus the first quarter a year earlier.
Sales revenue for the Printing and Solutions group for the first quarter was ¥988 million, up 3.0 percent versus the first quarter a year earlier.
Within the Printing and Solutions group, sales of laser printers and All-in-Ones “steadily grew on a global basis, as well as sales of the inkjet All-in-One models with ink tanks.”
Overall, Brother says its business-segment profits “stayed almost at the same level as the previous year,” excluding a decrease of ¥2.2 billion in the Printing and Solutions group that resulted from the change of calculation method of unrealized inventory profit. Profit for the Printing and Solutions group was ¥134 million, down 21.1 percent versus first-quarter 2016.
Operational profit decreased “due to the fact that the yen dropped sharply against the euro, creating a temporary increase of impairment loss related to the exchange contract.”
For its fiscal year that will end on March 31, 2018, Brother is forecasting revenue of ¥680,000 million, up 6.1 percent versus the previous fiscal year, and profits of ¥46,000 million, down 2.6 percent versus the previous fiscal year.
- May 2017: Brother Reports Encouraging Results for Fiscal Year
- 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