Printer, All-in-One Sales up for Brother in Last Six Months
Brother International of Japan reported net sales of 288,355 million yen for the six months ending September 30, 2013, an increase of 17.9 percent versus the 244,525 million yen it reported for the same period a year ago. Net income however was 6,435 million yen, a 56.6 percent decrease versus the 14,840 million yen it reported for the same period a year ago.
Brother attributes it decline in net income to a decrease in sales for its Machine Tools group, increased capital expenditure for its Printing & Solutions group, and an increase in selling and general & administrative expenses.
Printing & Solutions Group
For the six months ending September 30, 2013, net sales for Brother’s Printing & Solutions group was 202,533 million yen (U.S. 2,154,612 million), up from the 159,387 million yen it reported for the same period a year ago. (Brother’s Printing & Solutions group includes All-in-Ones, printers, fax machines, electronic stationeries, and typewriters.) Operating income for the Printing & Solutions group for the six months ended September 30, 2013 was 14,722 million yen, up from the 12,392 million yen reported for the same period a year ago. Within the Printing & Solutions group, net sales for printing and communications equipment were up 5.9 percent, while net sales for electronic stationeries were up 6.9 percent.
For its current fiscal year ending March 31, 2013, Brother is forecasting net sales of 600,000 million yen – an increase versus its previous fiscal year – and net income of 16,500 million yen, slightly down from the 17,826 million yen in net income it reported for its previous fiscal year. For its Printing & Solutions Group, it’s also forecasting net sales of 376,000 million yen, an increase of 19.9 percent versus its previous fiscal year (or an increase of 4.4 percent taking into account foregin-currency exchange-rate fluctuations).