Brother Reports Profitable Nine-Months, Sales Revenue Up
Brother International of Japan has reported financial results for the nine months ending on December 31, 2017. Sales revenues for the nine-month period was ￥187.8 billion, an increase of ￥21.2 billion yen, or 12.7 percent. Within this increase, ￥10.5 billion, approximately half, was the result of positive effects from exchange rates, in conjunction with the lower value of the Japanese yen. The remainder of approximately ￥10.6 billion was an increase in real terms excluding the effects of foreign-exchange rates.
As was the case in the first half of the year, Brother says the main causes of the increase were “globally strong sales of laser all-in-ones and laser printers, both black-and-white and color, as well as firm sales of
machine tools to the IT, automotive, and general machinery industries.” Brother reported “strong sales in the Printing and Solutions business, including approximately 3.0 billion yen in exchange rate effects from the elimination of unrealized inventory profit.”
Operating profit was ￥21.8 billion, up ￥10.6 billion year-over year.
Net income was ￥16.2 billion, a year-over-year increase of ￥4.5 billion.
Another factor was an increase of approximately ￥3.0 billion in Brother’s Machinery Business as a result of strong sales of machine tools.
According to Brother: “Trends remain nearly unchanged from the first half, and the business environment for printing, primarily targeting the SOHO market, is stable.” In the small and mid-size business market, a high-priority field for Brother, large-scale orders are increasing, mainly in Europe, and the effects are manifesting in negative price changes.
Cost reductions resulted in a ￥700 million declinein profit, but the effects were almost entirely in the Printing and Solutions Business.
Brother stated that “Progress has been made in each business generally in line with plans through the third quarter,” and it has left its forecast (below) unchanged.
- 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