Revenue up for Brother’s First Half, High-Yield Ink-Tank Printer Sales up by 20 Percent

Brother DCP-T300 Ink-Tank AiO

Brother International of Japan reported results for its six-month financial period ending on September 30, 2017, with revenue up 11.6 percent to ¥346 billion ($3.03 billion) versus the same period a year earlier, with profits for the first half totaling ¥23 billion, down 16 percent versus the same period a year earlier.

In the Printing and Solutions group, sales were up 2.0 percent, and sales revenue was up 2.2 percent, both versus the same period a year ago. Operating profit was ¥20.3 billion ($177 million), down 32.9 percent compared to the same period a year earlier.

According to Brother,  for its printer group, sales in the small- and home office segment (SOHO) were strong in North America and Western Europe. Sales of both monochrome and color printers surpassed sales recorded for the previous year.

In the small and mid-size business segment, its managed print services (MPS) business for monochrome laser printers expanded mainly in Europe.

In emerging economies, sales volume of monochrome laser products increased significantly not only in Asia, but also in other areas of the world, including Eastern Europe, Russia, and Central and South America.

In its inkjet-printer segment, sales of inkjet printers with high-yield ink tanks “increased strongly” by 20 percent as compared to the previous year.

Forecast

For its entire fiscal year that will end in March 2018, Brother, assuming more favorable foreign-currency exchange rate effects, increased its projected sales revenue by 2.9 percent to ¥7 billion and increased its projected profits by 2.7 percent to ¥49 billion.

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