Revenue Down, But Profits Up for Brother’s Fiscal Year
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
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.
- December 2018: New Brother TAA-Compliant Printers for U.S. Government
- September 2018: Brother Launches New Ad Campaign, Inks A4 Deal with Toshiba
- August 2018: Brother Announces Latest Financial Results
- May 2018: Brother Reports Fiscal Year, Fourth-Quarter Results