Total Sales and Net Income up at Brother; Sales up for Printers and All-in-Ones
Brother International of Japan recently reported that both sales and net income were up for its fiscal first quarter (April to June 2014), continuing the upbeat results for its latest entire fiscal year (see below). Sales for the first quarter were up 15.2 percent to 160 billion yen, while net income was 29 billion yen, a sharp increase from the 1 billion yen reported for the first quarter a year ago.
Within Brother’s Printing & Solutions group, sales amounted to 107 billion yen, up 10.9 percent versus the same quarter a year ago. (The Printing & Solutions group includes All-in-Ones, printers, fax machines, electronic stationeries, typewriters, and scanners.) Brother’s Printing & Solutions group is divided into two segments: Communications and Printing, and Electronic Stationaries. The former group recorded sales up 11.0 percent, while the latter recorded sales up 9.8 percent.
Geographically in its first quarter, Brother’s biggest sales increases came in Asia and Other Areas (up 22.2 percent), and Japan (up 11.6 percent), followed by the Americas (7.0 percent), and Europe (5.6 percent).
Latest Fiscal Year
For Brother’s latest full-year, the firm reported that net sales were 616 billion, up 19.5 percent versus the previous fiscal year, and net income was 19 billion yen, up 7.8 percent versus the previous fiscal year. In Brother’s Printing & Solutions group, sales were 430 billion yen, a sharp increase over the 350 billion yen reported for the previous fiscal year. Sales for the full year were also up in Brother’s Personal & Home group, Machinery & Solutions group, and Industrial Parts, but were down in the Network & Contents and Other groups.