Revenue Down, But Profits Up for Brother’s Fiscal Year

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Brother Industries of Nagoya, Aichi, Japan, today reported results for its fiscal year that ended on March 31, 2019.

Revenue was ¥683 billion (U.S. $6,161 million), down 4.1 percent versus the previous fiscal year, but operating profit was up 4.7 percent to ¥72 billion (U.S. $648 million).

Profit for the fiscal year was ¥54 billion (U.S. $488 million), versus ¥50 billion for the previous fiscal year.

Printing Solutions Group

For Brother’s Printing Solutions group, sales were ¥403 billion, versus the previous fiscal year’s ¥412 billion. Operating profit for the group was ¥52 billion, versus ¥53  billion for the previous fiscal year.

Brother stated that both its inkjet-based and laser-based printers and MFPs “are making a steady shift to a high-profitability model, and profitability continues to
improve.”

Forecast

For its fiscal year that will end on March 31, 2020, Brother is forecasting a 0.9 percent increase in revenue to ¥690 billion, operating profit of ¥65 million, down 9.6 percent versus the previous fiscal year, and profits ¥49 billion, down 10 percent versus the previous fiscal year.

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