Mixed Revenue, Income Results for Brother

On February 4th, Brother International of Japan reported results for its third quarter and the last nine months of its fiscal year, with both ending on December 31, 2019.

Nine-Month Period

For the nine-month period, Brother generated sales revenue of 484.8 billion yen, down 7.1 percent year-over-year; operating profit of 55.4 billion yen, down 10.1 percent; and income of 35.4 billion yen, up 9.1 percent year-over-year.

Third Quarter

Third quarter revenue was 166.3 billion yen, down 6.0 percent year-over-year, and net income was 143.0 billion yen, down 20.4 percent year-over-year.

For Brother’s Printing and Solutions group, sales revenue for the quarter was 103.9 billion yen, versus 108.7 billion yen versus the same period a year earlier. However, operating profit for the group was 18.0 billion yen, versus 17.6 billion yen for same period a year earlier.

Forecast

Brother did not revise its forecast for its fiscal year that will end on March 31, 2020.  It’s forecasting revenue of 642.0 billion yen, down 8.1 percent year-over-year; operating profit of 60.5 billion yen, down 15.9 percent year-over-year; and profits of 44.5 billion yen, down 17.4 percent year-over-year.

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