Brother Printer Sales up, Raises Full-Year Forecast for Income and Sales

Brother Industries HQ in Nagoya Japan

Brother Industries HQ in Nagoya Japan

February 4, 2015 – Brother Industries of Japan has just reported financial results for its latest nine months (April to December 2014), with net sales of 521 billion yen, a 15.4 percent increase over the 452 billion yen it reported for the same period year ago, while net income was 48 billion yen versus the 12 billion yen it reported for the same period a year ago.

For the nine-month period ending in December 2014, net sales for Brother’s Printing & Solutions business were  312 billion yen, a 4.4. percent increase versus 284 billion yen Brother reported for the same nine-month period a year ago. Brother’s Printing & Solutions business consists of  printers, All-in-Ones, fax  machines, electronic stationery, typewriters, and scanners.

In its latest fiscal quarter (its third fiscal quarter from October – December 2014) Printing & Solutions’ sales were 119 billion yen, versus 104 billion yen a year ago, and versus 97 billion yen for the second quarter (July – September 2014). Total net income for the third quarter was 481 billion yen, a 307.8 percent increase over net income of 118 billion yen for the third quarter a year before.  Brother says printer hardware sales were strong in Asia and other regions, but slow in Japan, and that it also benefited from the depreciation of the Japanese yen.

Fiscal Year 2015 Forecast

Brother increased its forecasts for both net income and net sales for its entire fiscal year ending in March 2015. It’s now forecasting net income of 53 billion yen, a 178.3 percent increase versus its previous forecast, and net sales of 710 billion yen, a 15.1 percent increase versus its previous forecast.

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