Revenue, Net Income Down for Brother’s First Quarter
As with virtually all other Japanese printer/MFP companies, Brother International of Japan reported lower revenue and profits for its first quarter, with the firm reporting today results for its first quarter that ran from April 1 to June 30, 2019, with revenue and profits down year-over-year.
The firm stated that sales of Brother communications and printing equipment was down, but that sales of consumables for communications and printing equipment “remained firm globally.” It also cited a strengthening of the Japanese yen versus other currencies as a factor responsible for lower sales and revenues, but did not change its forecast.
Sales revenue was down 6.9 percent, operating profit was down 18.7 percent, and net income was down 22.3 percent, with all versus the same quarter a year earlier.
Revenue for Brother’s Printing & Solutions group was down 13 percent, but operating profit was up 6 percent, with both year-over-year.
For its complete fiscal year that will end on March 31, 2020, Brother is forecasting that revenue will be up 0.9 percent, but net income will be down 10.0 percent.
A detailed presentation of Brother’s first-quarter financial results is available here.
- November 2018: Operating Profit, Net Income up for First Half of Brother’s Fiscal Year
- August 2018: Brother Announces Latest Financial Results
- May 2018: Brother Reports Fiscal Year, Fourth-Quarter Results