BROTHER INDUSTRIES, LTD. This document is a summary translation of the Japanese language original version. In the event of any discrepancy, errors and/or omissions, the Japanese language version shall prevail.
August 4, 2017
Highlights of Consolidated Results for the 1st Quarter of Fiscal Year ending March 31, 2018
Millions of yen
(except for per share amounts)
Three months ended Three months ended
June 30, June 30,
2017 2016
Change
(%)
Revenue Y 167,728 Y 157,528 6.5
Operating profit 12,603 21,107 -40.3
Profit before income taxes 12,984 21,113 -38.5
Profit for the period 9,322 15,324 -39.2
Profit for the period attributable to owners of the parent company
9,146 15,338 -40.4
Comprehensive income for the period 20,928 (34,053) -
Basic earnings per share for the period (yen) Y 35.23 Y 59.08
Diluted earnings per share for the period (yen) 35.12 58.92
As of As of
June 30, March 31,
2017 2017
Total assets Y 683,885 Y 674,107
Total equity 376,281 361,709
Equity attributable to owners of the parent company Equity attributable to owners of the parent company ratio Equity attributable to owners of the parent company per share
359,533 345,061
52.6 % 51.2 %
Y 1,384.53 Y 1,328.97
Highlights of Consolidated Forecast for Fiscal Year ending March 31, 2018
Millions of yen
(except for per share amounts)
[Revised]
Year ending Year ended
March 31, March 31,
2018 2017
Change
(%)
Revenue Y 680,000 Y 641,185 6.1
Business segment profit 66,000 60,759 8.6
Operating profit 62,500 59,152 5.7
Profit before income taxes 62,000 61,257 1.2
Profit for the period 46,500 47,440 -2.0
Profit for the period attributable to owners of the parent company
46,000 47,242 -2.6
[Revised]
[Previous]
Year ending Year ending
March 31, March 31,
2018 2018
Change
(%)
Revenue Y 680,000 Y 655,000 3.8
Business segment profit 66,000 60,000 10.0
Operating profit 62,500 60,000 4.2
Profit for the period attributable to owners of the parent company
46,000 43,000 7.0
Basic earnings per share for the period (yen) Y 176.91 Y 165.61
Dividends per common share (yen) 48.00 48.00
(Note 1) Forecasted operating results have been changed from the most recent announcement.
(Note 2) No change has been made in forecasted dividends per common share from the most recent announcement.
(Note 3) Business segment profit is calculated by subtracting cost of sales and selling, general and administrative expenses from revenue.
Notes:
The financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS).
Amounts less than 1 million yen have been rounded down.
Yen amounts for the year ended June 30, 2017 have been translated into U.S. dollars for convenience only, at a uniform rate of US$1=112.00 yen, in the accompanying consolidated financial statements.
Operating results for the year ended June 30, 2017 are based on the following currency exchange rates: Actual average rates for the year ended March 31, 2017: US$=111.61 yen, EURO=123.14 yen Forecasts for the year ending March 31, 2018 are based on the following currency exchange rates: Assumed average rates for the year ending March 31, 2018: US$=110.65 yen, EURO=123.43 yen
Number of shares outstanding (including treasury stock): 262,220 thousands as of June 30, 2017, 277,535 thousands as of March 31, 2017
Number of treasury stock outstanding: 2,540 thousands as of June 30, 2017, 17,889 thousands as of March 31, 2017
Number of weighted average shares (quarterly): 259,654 thousands during the period ended June 30, 2017, 259,633 thousands during the period ended June 30, 2016
The above-mentioned forecasts are the results of estimations based on outlook for economic environment and predictions at the time of this announcement. The actual results of business performance may sometimes differ from these forecasts due to various factors.
1
Consolidated Statement of Financial Position | ||||||||
Millions of yen | Thousands of U.S. dollars | |||||||
As of | As of | As of | ||||||
March 31, | June 30, | June 30, | ||||||
2017 | 2017 | 2017 | ||||||
Assets | ||||||||
Current assets | ||||||||
Cash and cash equivalents | Y | 112,032 | Y | 109,117 | $ | 974,259 | ||
Trade and other receivables | 96,112 | 97,330 | 869,018 | |||||
Other financial assets | 9,701 | 10,875 | 97,098 | |||||
Inventories | 112,432 | 116,867 | 1,043,455 | |||||
Other current assets | 14,701 | 12,760 | 113,929 | |||||
Subtotal | 344,980 | 346,951 | 3,097,777 | |||||
Non-current assets classified as held for sale | 245 | 150 | 1,339 | |||||
Total current assets | 345,225 | 347,102 | 3,099,125 | |||||
Non-current assets | ||||||||
Property, plant and equipment | 120,767 | 120,231 | 1,073,491 | |||||
Investment property | 6,646 | 6,612 | 59,036 | |||||
Goodwill and intangible assets | 147,012 | 152,357 | 1,360,330 | |||||
Investments accounted for using the equity method | 1,506 | 1,508 | 13,464 | |||||
Other financial assets | 29,640 | 32,061 | 286,259 | |||||
Deferred tax assets | 16,691 | 17,506 | 156,304 | |||||
Other non-current assets | 6,617 | 6,505 | 58,080 | |||||
Total non-current assets | 328,881 | 336,783 | 3,006,991 | |||||
Total assets | Y | 674,107 | Y | 683,885 | $ | 6,106,116 | ||
Equity and liabilities | ||||||||
Liabilities | ||||||||
Current liabilities | ||||||||
Trade and other payables | Y | 66,268 | Y | 64,747 | $ | 578,098 | ||
Bonds and borrowings | 20,509 | 20,383 | 181,991 | |||||
Other financial liabilities | 3,053 | 6,201 | 55,366 | |||||
Income taxes payable | 6,461 | 4,478 | 39,982 | |||||
Provisions | 5,691 | 5,488 | 49,000 | |||||
Other current liabilities | 50,350 | 45,749 | 408,473 | |||||
Subtotal | 152,337 | 147,048 | 1,312,929 | |||||
Liabilities directly associated with assets classified as held for sale | 20 | 26 | 232 | |||||
Total current liabilities | 152,357 | 147,074 | 1,313,161 | |||||
Non-current liabilities | ||||||||
Bonds and borrowings | 117,082 | 117,100 | 1,045,536 | |||||
Other financial liabilities | 10,969 | 10,529 | 94,009 | |||||
Retirement benefits liabilities | 17,612 | 18,137 | 161,938 | |||||
Provisions | 3,376 | 3,342 | 29,839 | |||||
Deferred tax liabilities | 7,843 | 8,233 | 73,509 | |||||
Other non-current liabilities | 3,154 | 3,186 | 28,446 | |||||
Total non-current liabilities | 160,040 | 160,529 | 1,433,295 | |||||
Total liabilities | 312,398 | 307,604 | 2,746,464 | |||||
Equity | ||||||||
Capital stock | 19,209 | 19,209 | 171,509 | |||||
Capital surplus | 17,455 | 17,398 | 155,339 | |||||
Retained earnings | 407,843 | 390,349 | 3,485,259 | |||||
Treasury stock | (24,230) | (2,794) | (24,946) | |||||
Other components of equity | (75,216) | (64,630) | (577,054) | |||||
Equity attributable to owners of the parent company | 345,061 | 359,533 | 3,210,116 | |||||
Non-controlling interests | 16,647 | 16,747 | 149,527 | |||||
Total equity | 361,709 | 376,281 | 3,359,652 | |||||
Total equity and liabilities | Y | 674,107 | Y | 683,885 | $ | 6,106,116 | ||
Consolidated Statement of Income | ||||||||||
Millions of yen | Thousands of U.S. dollars | |||||||||
Three months ended | Three months ended | Three months ended | ||||||||
June 30, | June 30, | June 30, | ||||||||
2016 | 2017 | 2017 | ||||||||
Revenue | Y | 157,528 | Y | 167,728 | $ | 1,497,571 | ||||
Cost of sales | (85,646) | (97,345) | (869,152) | |||||||
Gross profit | 71,882 | 70,382 | 628,411 | |||||||
Selling, general and administrative expenses | (51,741) | (52,884) | (472,179) | |||||||
Other income | 2,563 | 800 | 7,143 | |||||||
Other expenses | (1,596) | (5,694) | (50,839) | |||||||
Operating profit | 21,107 | 12,603 | 112,527 | |||||||
Finance income | 5,898 | 719 | 6,420 | |||||||
Finance expenses | (5,893) | (408) | (3,643) | |||||||
Share of profit/(loss) of investments accounted for using the equity method | 1 | 70 | 625 | |||||||
Profit before income taxes | 21,113 | 12,984 | 115,929 | |||||||
Income tax expenses | (5,789) | (3,662) | (32,696) | |||||||
Profit for the period | 15,324 | 9,322 | 83,232 | |||||||
Profit for the period attributable to: | ||||||||||
Owners of the parent company | 15,338 | 9,146 | 81,661 | |||||||
Non-controlling interests | (13) | 175 | 1,563 | |||||||
Profit for the period | Y | 15,324 | Y | 9,322 | $ | 83,232 | ||||
Earnings per share: | Yen | Yen | U.S. dollars | |||||||
Basic earnings per share | Y | 59.08 | Y | 35.23 | $ | 0.31 | ||||
Diluted earnings per share | 58.92 | 35.12 | 0.31 | |||||||
Consolidated Statement of Comprehensive Income
Millions of yen Thousands of U.S. dollars
Three months ended Three months ended Three months ended
June 30, June 30, June 30,
2016 2017
2017
Profit for the period Y 15,324 Y 9,322 $ 83,232
Other comprehensive income, net of income tax
Items that will not be reclassified subsequently to profit or loss
Gains/(Losses) on investments in equity instruments designated as FVTOCI Total of items that will not be reclassified subsequently to profit or loss
Items that may be reclassified subsequently to profit or loss
Cash flow hedges
Exchange differences on translating foreign
(843) 1,016 9,071
(843) 1,016 9,071
(25) 165 1,473
operations | |||||
Total of items that may be reclassified subsequently to profit or loss | (48,534) | 10,589 | 94,545 | ||
Other comprehensive income for the period, net of income tax | (49,377) | 11,605 | 103,616 | ||
Comprehensive income for the period | (34,053) | 20,928 | 186,857 | ||
Comprehensive income for the period | |||||
attributable to: | |||||
Owners of the parent company | (33,923) | 20,712 | 184,929 | ||
Non-controlling interests | (129) | 216 | 1,929 | ||
Comprehensive income for the period | Y | (34,053) | Y | 20,928 | $ 186,857 |
(48,508) 10,423 93,063
Consolidated Statement of Changes in Equity
Three months ended June 30, 2016
Millions of yen Equity attributable to owners of the parent company
Other components of equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Exchange differences on translating foreign operations
Cash flow hedges
Unrealized gains/(losses) on available- for-sale securities
Gains/(Losses) on investments in equity instruments designated as FVTOCI
Total
Total
Non- controlling interests
Total equity
19,209 | 17,321 | 363,864 | (24,225) | (46,083) | (200) | 3,554 | - | (42,729) | 333,440 | 16,545 | 349,986 |
- | - 3,420 | - | - | - | (3,554) | - | (3,554) | (133) | 44 | (88) | |
19,209 | 17,321 | 367,285 | (24,225) | (46,083) | (200) | - | - | (46,284) | 333,307 | 16,589 | 349,897 |
- | - 15,338 | - | - | - | - | - | - | 15,338 | (13) | 15,324 | |
- | - - | - | (48,422) | (25) | - | (814) | (49,262) | (49,262) | (115) | (49,377) | |
- | - 15,338 | - | (48,422) | (25) | - | (814) | (49,262) | (33,923) | (129) | (34,053) | |
- | - - | (0) | - | - | - | - | - | (0) | - | (0) | |
- | - - | - | - | - | - | - | - | - | - | - | |
- | - (4,679) | - | - | - | - | - | - | (4,679) | (99) | (4,779) | |
- | - (814) | - | - | - | - | 814 | 814 | - | - | - | |
- | - (5,493) | (0) | - | - | - | 814 | 814 | (4,680) | (99) | (4,779) | |
19,209 | 17,321 | 377,130 | (24,226) | (94,506) | (225) | - | - | (94,732) | 294,703 | 16,361 | 311,064 |
Balance as of Mach 31, 2016 Cumulative effect of adoption of the new accounting standards
Balance as of April 1, 2016 Profit for the period
Other comprehensive income/(loss)
Total comprehensive income/(loss) for the period
Acquisition of treasury stock Disposal of treasury stock Dividends paid
Reclassification to retained earnings Total transactions with owners
Balance as of June 30, 2016
Three months ended June 30, 2017
Millions of yen Equity attributable to owners of the parent company
Other components of equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Exchange differences on translating foreign operations
Cash flow hedges
Gains/(Losses) on investments in equity instruments designated as FVTOCI
Total
Total
Non- controlling interests
Total equity
19,209 | 17,455 | 407,843 | (24,230) | (75,055) | (161) | - | (75,216) | 345,061 | 16,647 | 361,709 | |
- | - 9,146 | - | - | - | - | - | 9,146 | 175 | 9,322 | ||
- | - - | - | 10,421 | 165 | 979 | 11,565 | 11,565 | 40 | 11,605 | ||
- | - 9,146 | - | 10,421 | 165 | 979 | 11,565 | 20,712 | 216 | 20,928 | ||
- - | - | (4) | - | - - | - | (4) | - | (4) | |||
- (33) | (10) | 43 | - | - - | - | - | - | - | |||
- (21) | (21,369) | 21,391 | - | - - | - | - | - | - | |||
- - | (6,239) | - | - | - - | - | (6,239) | (111) | (6,351) | |||
- (2) | - | 6 | - | - - | - | 3 | (3) | - | |||
- - | 979 | - | - | - (979) | (979) | - | - | - | |||
- (56) | (26,640) | 21,435 | - | - (979) | (979) | (6,240) | (115) | (6,356) | |||
19,209 | 17,398 | 390,349 | (2,794) | (64,634) | 3 | - | (64,630) | 359,533 | 16,747 | 376,281 | |
Balance as of April 1, 2017 Profit for the period
Other comprehensive income/(loss)
Total comprehensive income/(loss) for the period
Acquisition of treasury stock Disposal of treasury stock Cancellation of treasury stock Dividends paid
Change due to stock swap Reclassification to retained earnings Total transactions with owners
Balance as of June 30, 2017
Three months ended June 30, 2017
Thousands of U.S. dollars Equity attributable to owners of the parent company
Other components of equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Exchange differences on translating foreign operations
Cash flow hedges
Gains/(Losses) on investments in equity instruments designated as FVTOCI
Total
Total
Non- controlling interests
Total equity
Balance as of April 1, 2017 | 171,509 | 155,848 | 3,641,455 | (216,339) | (670,134) | (1,438) | - (671,571) | 3,080,902 | 148,634 | 3,229,545 | |
Profit for the period | - | - 81,661 | - | - | - | - - | 81,661 | 1,563 | 83,232 | ||
Other comprehensive income/(loss) | - | - | - - | 93,045 | 1,473 | 8,741 | 103,259 | 103,259 | 357 | 103,616 | |
Total comprehensive income/(loss) for the period | - | - 81,661 | - | 93,045 | 1,473 | 8,741 | 103,259 | 184,929 | 1,929 | 186,857 | |
Acquisition of treasury stock | - - | - | (36) | - - - | - | (36) | - | (36) | |||
Disposal of treasury stock | - (295) | (89) | 384 | - - - | - | - | - | - | |||
Cancellation of treasury stock | - (188) | (190,795) | 190,991 | - - - | - | - | - | - | |||
Dividends paid | - - | (55,705) | - | - - - | - | (55,705) | (991) | (56,705) | |||
Change due to stock swap | - (18) | - | 54 | - - - | - | 27 | (27) | - | |||
Reclassification to retained earnings | - - | 8,741 | - | - - (8,741) | (8,741) | - | - | - | |||
Total transactions with owners | - (500) | (237,857) | 191,384 | - - (8,741) | (8,741) | (55,714) | (1,027) | (56,750) | |||
Balance as of June 30, 2017 171,509 155,339 3,485,259 (24,946) (577,089) 27 - (577,054) 3,210,116 149,527 3,359,652
5
Consolidated Statement of Cash Flows | |||||||||
Millions of yen | Thousands of U.S. dollars | ||||||||
Three months ended | Three months ended | Three months ended | |||||||
June 30, | June 30, | June 30, | |||||||
2016 | 2017 | 2017 | |||||||
Cash flows from operating activities | |||||||||
Profit before income taxes | Y | 21,113 | Y | 12,984 | $ | 115,929 | |||
Depreciation and amortization | 8,633 | 8,399 | 74,991 | ||||||
Finance expenses/(income) | (4) | (310) | (2,768) | ||||||
Share of loss/(profit) of investments accounted for using the equity method | (1) | (70) | (625) | ||||||
Losses/(gains) on sale and disposal of fixed assets | 189 | 98 | 875 | ||||||
Decrease/(increase) in trade and other receivables | 400 | 184 | 1,643 | ||||||
Decrease/(increase) in inventories | 1,063 | (2,801) | (25,009) | ||||||
Increase/(decrease) in trade and other payables | (3,914) | 33 | 295 | ||||||
Decrease/(increase) in retirement benefit assets | 54 | 331 | 2,955 | ||||||
Increase/(decrease) in retirement benefit liabilities | 105 | (275) | (2,455) | ||||||
Other | 1,170 | 376 | 3,357 | ||||||
Subtotal | 28,810 | 18,950 | 169,196 | ||||||
Interest received | 201 | 241 | 2,152 | ||||||
Dividends received | 228 | 206 | 1,839 | ||||||
Interest paid | (153) | (136) | (1,214) | ||||||
Income taxes paid | (2,678) | (6,751) | (60,277) | ||||||
Net cash provided by operating activities | Y | 26,408 | Y | 12,511 | $ | 111,705 | |||
Cash flows from investing activities | |||||||||
Purchases of property, plant and equipment | (7,217) | (6,341) | (56,616) | ||||||
Proceeds from sales of property, plant and equipment | 199 | 216 | 1,929 | ||||||
Purchases of intangible assets | (1,586) | (1,802) | (16,089) | ||||||
Purchases of investments in equity instruments | (1) | (102) | (911) | ||||||
Proceeds from sales of investments in equity instruments | - | 422 | 3,768 | ||||||
Purchase of investments in debt instruments | (1,216) | (3,047) | (27,205) | ||||||
Proceeds from sales or redemption of investments in debt instruments | 2,849 | 1,097 | 9,795 | ||||||
Payments for acquisition of business | - | (617) | (5,509) | ||||||
Other | (154) | 23 | 205 | ||||||
Net cash provided by (used in) investing activities | Y | (7,127) | Y | (10,151) | $ | (90,634) | |||
Cash flows from financing activities | |||||||||
Repayment of short-term borrowings | (4,779) | (342) | (3,054) | ||||||
Repayment of long-term borrowings | (554) | (287) | (2,563) | ||||||
Repayment of lease obligations | (521) | (434) | (3,875) | ||||||
Dividends paid | (4,679) | (6,239) | (55,705) | ||||||
Dividends paid to non-controlling interests | (99) | (111) | (991) | ||||||
Other | (0) | (2) | (18) | ||||||
Net cash provided by (used in) financing activities | Y | (10,634) | Y | (7,418) | $ | (66,232) | |||
Effect of exchange rate changes on cash and cash equivalents | (10,739) | 2,143 | 19,134 | ||||||
Net increase/(decrease) in cash and cash equivalents | (2,092) | (2,915) | (26,027) | ||||||
Cash and cash equivalents at the beginning of the period | 67,387 | 112,032 | 1,000,286 | ||||||
Cash and cash equivalents at the end of the period | Y | 65,294 | Y | 109,117 | $ | 974,259 | |||
Segment Information
Three months ended June 30, 2016
Millions of yen
Reportable segments
Printing & Solutions
Personal &
HomeMachinery
Network &
Contents Domino Others Total Reconciliations Consolidated
Revenue
Customers | 95,298 | 9,499 22,962 | 12,586 | 14,414 | 2,767 | 157,528 | - | 157,528 | |
Intersegment | - - | - - | - | 6,531 | 6,531 | (6,531) | - | ||
Total | 95,298 | 9,499 22,962 | 12,586 | 14,414 | 9,299 | 164,060 | (6,531) | 157,528 | |
Business segment profit/(loss) | 16,934 | (19) 1,879 | 411 | 861 | 198 | 20,265 | (125) | 20,140 | |
Other income and | |||||||||
expenses | |||||||||
Operating profit Finance income and | 17,908 | 10 | 1,948 | 276 | 857 | 231 | 21,233 | (125) | 21,107 |
expenses | 4 | ||||||||
Share of profit/(loss) of | |||||||||
investments accounted for | 1 | ||||||||
using the equity method | |||||||||
Profit before income taxes | 21,113 | ||||||||
974 30 68 (134) (4) 33 967 - 967
Three months ended June 30, 2017
Millions of yen
Reportable segments
Printing & Solutions
Personal &
HomeMachinery
Network &
Contents Domino Others Total Reconciliations Consolidated
Revenue
Customers | 98,800 | 9,349 29,056 | 11,218 16,448 | 2,855 | 167,728 | - | 167,728 | ||
Intersegment | - - | - - | - 2,640 | 2,640 | (2,640) | - | |||
Total | 98,800 | 9,349 29,056 | 11,218 16,448 | 5,495 | 170,368 | (2,640) | 167,728 | ||
Business segment profit/(loss) | 13,361 | (163) 2,543 | (60) 1,592 | 236 | 17,510 | (12) | 17,497 | ||
Other income and expenses (4,216) (289) (31) (42) (349) 35 (4,894) - (4,894) | |||||||||
Operating profit/(loss) Finance income and | 9,144 | (452) | 2,511 | (102) | 1,242 | 271 | 12,616 | (12) | 12,603 |
expenses | 310 | ||||||||
Share of profit/(loss) of | |||||||||
investments accounted for | 70 | ||||||||
using the equity method | |||||||||
Profit before income taxes | 12,984 | ||||||||
Three months ended June 30, 2017
Thousand of U.S. dollars
Reportable segments
Printing & Solutions
Personal &
HomeMachinery
Network &
Contents Domino Others Total Reconciliations Consolidated
Revenue
Customers | 882,143 | 83,473 259,429 | 100,161 146,857 | 25,491 | 1,497,571 | - | 1,497,571 | ||
Intersegment | - - | - - | - 23,571 | 23,571 | (23,571) | - | |||
Total | 882,143 | 83,473 259,429 | 100,161 146,857 | 49,063 | 1,521,143 | (23,571) | 1,497,571 | ||
Business segment profit/(loss) | 119,295 | (1,455) 22,705 | (536) 14,214 | 2,107 | 156,339 | (107) | 156,223 | ||
Other income and expenses (37,643) (2,580) (277) (375) (3,116) 313 (43,696) - (43,696) | |||||||||
Operating profit/(loss) | 81,643 | (4,036) | 22,420 | (911) | 11,089 | 2,420 | 112,643 | (107) | 112,527 |
Finance income and | |||||||||
expenses | 2,768 | ||||||||
Share of profit/(loss) of | |||||||||
investments accounted for | 625 | ||||||||
using the equity method | |||||||||
Profit before income taxes | 115,929 | ||||||||
Notes:
Main products in each business segment are as follows:
Printing & Solutions Printers, All-in-Ones, Labeling Systems, Label Printers, Scanners, etc. Personal & Home Home Sewing Machines, Home Cutting Machines, etc.
Machinery Industrial Sewing Machines, Garment Printers, Machine Tools, Reducers, Gears, etc. Network & Contents Online Karaoke Systems, Management of Karaoke Clubs, Content Services, etc.
Domino Cording & Marking Equipment, Digital Printing Equipment, etc.
Others Real Estate, etc.
Business segment profit is calculated by subtracting cost of sales and selling, general and administrative expenses from revenue.
Supplementary Information for 1st Quarter of Fiscal Year Ending March 31, 20181-1. Consolidated results (1st Quarter results)
(Millions of yen)
1-2. Sales by business segment (1st Quarter results)
(Millions of yen)
FY ended Mar 31, 2017
(Apr to Jun 2016)
FY ending Mar 31, 2018
(Apr to Jun 2017)
Change
( w/o fx impact )
Sales Revenue
157,528
167,728
6.5%
(+7.0%)
Business Segment Profit
20,140
17,497
-13.1%
Operating profit
21,107
12,603
-40.3%
Net Income
15,338
9,146
-40.4%
Exchange rates
Yen-USD
109.07
111.61
-
Yen-EUR
122.47
123.14
-
Operating profit ratio (%)
13.4%
7.5%
-
FY ended Mar 31, 2017
(Apr to Jun 2016)
FY ending Mar 31, 2018
(Apr to Jun 2017)
Change
Change
( w/o fx impact )
Printing & Solutions
Communication and Printing equipment
83,963
87,666
4.4%
3.7%
Electronic stationery
11,334
11,134
-1.8%
-2.5%
Total
95,298
98,800
3.7%
3.0%
Personal & Home
9,499
9,349
-1.6%
-2.7%
Machinery
Industrial sewing machines
6,598
6,777
2.7%
2.4%
Machine tools
11,840
17,392
46.9%
47.7%
Industrial Part
4,524
4,887
8.0%
7.5%
Total
22,962
29,056
26.5%
26.8%
Network & Contents
12,586
11,218
-10.9%
-10.8%
Domino
14,414
16,448
14.1%
25.3%
Others
2,767
2,855
3.2%
3.2%
G. total
157,528
167,728
6.5%
7.0%
Operating profit ratio = Operating Profit / Sales Revenue
Net Income = Profit for the period attributable to owners of the parent company
"Exchange rates" are the rates used to convert financial statements of overseas subsidiaries into yen.
．Consolidated results（quarterly results） (Millions of yen)
FY ended Mar 31, 2017
1st Quarter
(Apr to Jun 2016)
2nd Quarter
(Jul to Sep 2016)
3rd Quarter
(Oct to Dec 2016)
4th Quarter
(Jan to Mar 2017)
Total
Sales Revenue
157,528
152,742
166,596
164,318
641,185
Business Segment Profit
20,140
14,531
14,736
11,351
60,759
Operating profit
21,107
15,056
11,174
11,813
59,152
Net Income
15,338
11,652
11,676
8,574
47,242
Exchange rates
Yen-USD
109.07
102.91
108.72
113.76
109.03
Yen-EUR
122.47
114.59
117.70
120.81
119.37
Operating profit ratio (%)
13.4%
9.9%
6.7%
7.2%
9.2%
FY ending Mar 31, 2018
1st Quarter
(Apr to Jun 2017)
167,728
17,497
12,603
9,146
111.61
123.14
7.5%
Operating profit ratio = Operating Profit / Sales Revenue
Net Income = Profit for the period attributable to owners of the parent company
"Exchange rates" are the rates used to convert financial statements of overseas subsidiaries into yen.
．Sales Revenue by business segment (quarterly results) (Millions of yen)
FY ended Mar 31, 2017
1st Quarter
(Apr to Jun 2016)
2nd Quarter
(Jul to Sep 2016)
3rd Quarter
(Oct to Dec 2016)
4th Quarter
(Jan to Mar 2017)
Total
Printing & Solutions
Communications & Printing equipment
83,963
80,827
87,094
86,676
338,562
Electronic stationery
11,334
10,672
11,256
11,802
45,066
Total
95,298
91,500
98,351
98,478
383,628
Personak & Home
9,499
11,093
13,599
10,217
44,409
Machinery
Industrial sewing machines
6,598
6,040
6,753
7,409
26,802
Machine tools
11,840
10,117
11,341
12,053
45,352
Industrial Part
4,524
4,518
4,619
5,127
18,789
Total
22,962
20,676
22,714
24,590
90,944
Network & Contents
12,586
11,967
12,984
12,193
49,731
Domino
14,414
13,740
15,493
15,705
59,354
Others
2,767
3,763
3,453
3,132
13,117
G. total
157,528
152,742
166,596
164,318
641,185
FY ending Mar 31, 2018
1st Quarter
(Apr to Jun 2017)
87,666
11,134
98,800
9,349
6,777
17,392
4,887
29,056
11,218
16,448
2,855
167,728
．Business Segment profit by business segment (quarterly results) (Millions ofyen)
FY ended Mar 31, 2017
1st Quarter
(Apr to Jun 2016)
2nd Quarter
(Jul to Sep 2016)
3rd Quarter
(Oct to Dec 2016)
4th Quarter
(Jan to Mar 2017)
Total
Printing & Solutions
16,934
11,214
9,780
7,724
45,654
Personal & Home
-19
479
1,152
426
2,038
Machinery
1,879
1,022
1,269
2,006
6,177
Network & Contents
411
570
891
339
2,213
Domino
861
1,065
1,452
798
4,177
Others
198
196
221
80
697
Adjutment
-125
-18
-31
-24
-199
G. total
20,140
14,531
14,736
11,351
60,759
FY ending Mar 31, 2018
1st Quarter
(Apr to Jun 2017)
13,361
-163
2,543
-60
1,592
236
-12
17,497
．Operating profit by business segment (quarterly results) (Millions of yen)
．Cobsolidated results(annual) (Millions of yen)
J-GAAP
FY ended Mar 31, 2012
FY ended Mar 31, 2013
FY ended Mar 31, 2014
FY ended Mar 31, 2015
FY ended Mar 31, 2016
Net Sales（Sales Revenue）
497,390
516,066
616,834
707,237
745,888
Business Segment Profit
-
-
-
-
-
Operating profit
34,183
29,775
43,301
57,541
47,276
Current profits
34,351
23,144
35,613
51,557
48,611
Net Income
19,525
17,826
19,220
53,969
31,017
Exchange rates
Yen-USD
79.30
83.23
100.00
110.03
120.16
Yen-EUR
110.17
107.57
134.01
138.68
132.36
Operating profit ratio (%)
6.9%
5.8%
7.0%
8.1%
6.3%
ROE (%)
8.7%
7.2%
6.9%
16.8%
9.2%
ROA (%)
5.3%
4.5%
4.3%
10.4%
5.0%
Net income per share (yen)
72.95
66.65
72.20
206.68
119.47
IFRS
FY ended Mar 31, 2016
FY ended Mar 31, 2017
FY ending Mar 31,2018
forecast
682,119
641,185
680,000
54,934
60,759
66,000
58,640
59,152
62,500
-
-
-
41,238
47,242
46,000
120.16
109.03
110.65
132.36
119.37
123.43
8.6%
9.2%
9.2%
12.1%
13.9%
-
6.7%
7.0%
-
158.83
181.96
176.91
Operating profit ratio = Operating income / Net sales(Sales Revenue)
ROE = Net income Attributable to owners of the company / Owners' equity (average of opening balance and ending balance) Owners' equity represents Shareholders' equity and Other comprehensive income.
ROA = Net income Attributable to owners of the company / Total assets (average of opening balance and ending balance)
"Exchange rates" are the rates used to convert financial statements of overseas subsidiaries into yen.
FY ended Mar 31, 2017
FY ending Mar 31,2018
forecast
Change
Change x FX
Printing & Solutions
Communications and Printing equipment
338,562
349,500
3.2%
1.1%
Electronic stationery
45,066
47,400
5.2%
3.1%
Total
383,628
396,900
3.5%
1.3%
Personal & Home
44,409
47,200
6.3%
4.0%
Machinery
Industrial sewing machines
26,802
29,900
11.6%
10.1%
Machine tools
45,352
58,200
28.3%
27.9%
Industrial Parts
18,789
20,100
7.0%
6.5%
Total
90,944
108,200
19.0%
18.2%
Network & Contents
49,731
49,700
-0.1%
-0.2%
Domino
59,354
66,400
11.9%
12.1%
Others
13,117
11,600
-11.6%
10.9%
G. total
641,185
680,000
6.1%
5.0%
．Sales Revenue by business segment (Millions ofyen)
FY ended Mar 31, 2017
FY ending
Mar 31,2018
forecast
Change
Printing & Solutions
45,654
45,300
-0.8%
Personal & Home
2,038
3,200
57.0%
Machinery
6,177
9,500
53.8%
Network & Contents
2,213
2,500
12.9%
Domino
4,177
4,600
10.1%
Others
697
900
29.1%
Adjutment
-199
-
-
G. total
60,759
66,000
8.6%
．Business segment profit by segment (Millions ofyen)
FY ended Mar 31, 2017
FY ending
Mar 31,2018
forecast
Change
Printing & Solutions
45,520
43,500
-4.4%
Personal & Home
1,880
2,400
27.6%
Machinery
5,980
9,500
58.9%
Network & Contents
854
2,300
169.0%
Domino
4,366
4,200
-3.8%
Others
749
600
-20.0%
Adjutment
-199
-
-
G. total
59,152
62,500
5.7%
．Operating Profit by segment (Millions ofyen)
-
Inventories (quarterly results)
IFRS
IFRS
FY ended March 31, 2017
FY ending Mar 31, 2018
1st Quarter
as of Jun 30, 2016
2nd Quarter
as of Sep 30, 2016
3rd Quarter
as of Dec 31, 2016
4th Quarter
as of Mar 31, 2017
1st Quarter
as of Jun 30, 2017
Inventories (Millions of yen)
113,299
112,863
117,467
112,432
116,867
Inventories/cost of sales
4.0
3.9
3.5
3.5
3.6
-
Interest - bearing debt
J-GAAP
IFRS
IFRS
FY ended Mar 31, 2012
FY ended Mar 31, 2013
FY ended Mar 31, 2014
FY ended Mar 31, 2015
FY ended Mar 31, 2016
FY ended Mar 31, 2016
FY ended Mar 31,2017
FY ending Mar 31, 2018
1st Quarter
as of Jun 30, 2017
Interest - bearing debt (Millions of yen)
19,966
19,224
14,366
15,481
158,440
158,487
137,592
137,484
D E R
0.1
0.1
0.05
0.04
0.49
0.48
0.40
0.38
* DER = Interest-bearing debt / Owners' equity
Owners' equity represents Shareholders' equity and Other comprehensive income.
Cash flows (Millions of yen)
J-GAAP
IFRS
IFRS
FY ended Mar 31, 2012
FY ended Mar 31, 2013
FY ended Mar 31, 2014
FY ended Mar 31, 2015
FY ended Mar 31, 2016
FY ended Mar 31, 2016
FY ended Mar 31,2017
FY ending Mar 31, 2018 Q1 YTD
Net cash provided by operating activities
39,327
32,734
55,019
58,021
49,241
51,304
99,155
12,511
Net cash used in investing activities
-30,758
-41,771
-39,099
-15,326
-215,091
-216,997
-23,271
-10,151
Net cash used in financing activities
-14,117
-6,413
-13,433
-18,451
134,317
134,317
-30,389
-7,418
Cash and cash equivalents at end of period
58,731
55,059
68,934
104,732
66,690
67,387
112,032
109,117
- Owners' equity (Millions of yen)
FY ended Mar 31, 2017 | |||||
1st Quarter (Apr to Jun 2016) | 2nd Quarter (Jul to Sep 2016) | 3rd Quarter (Oct to Dec 2016) | 4th Quarter (Jan to Mar 2017) | Total | |
Printing & Solutions | 17,908 | 12,387 | 5,752 | 9,471 | 45,520 |
Personal & Home | 10 | 485 | 1,033 | 349 | 1,880 |
Machinery | 1,948 | 1,179 | 1,392 | 1,459 | 5,980 |
Network & Contents | 276 | -264 | 808 | 34 | 854 |
Domino | 857 | 1,055 | 2,009 | 444 | 4,366 |
Others | 231 | 230 | 209 | 78 | 749 |
Adjutment | -125 | -18 | -31 | -24 | -199 |
G. total | 21,107 | 15,056 | 11,174 | 11,813 | 59,152 |
FY ending Mar 31, 2018 |
1st Quarter (Apr to Jun 2017) |
9,144 |
-452 |
2,511 |
-102 |
1,242 |
271 |
-12 |
12,603 |
J-GAAP | IFRS | |||||||
FY ended Mar 31, 2012 | FY ended Mar 31, 2013 | FY ended Mar 31, 2014 | FY ended Mar 31, 2015 | FY ended Mar 31, 2016 | FY ended Mar 31, 2016 | FY ended Mar 31,2017 | FY ending Mar 31,2018 forecast | |
Capital expenditure | 27,833 | 30,237 | 34,858 | 34,064 | 39,976 | 41,469 | 28,644 | 35,000 |
Depreciation and amortization | 23,069 | 24,476 | 27,613 | 28,205 | 34,341 | 34,934 | 33,811 | 35,600 |
IFRS | IFRS | ||||
FY ended March 31, 2017 | FY ending Mar 31, 2018 | ||||
1st Quarter (Apr to Jun 2016) | 2nd Quarter (Jul to sep 2016) | 3rd Quarter (Oct to Dec 2016) | 4th Quarter (Jan to Mar 2017) | 1st Quarter (Apr to Jun 2017) | |
Capital expenditure | 6,656 | 6,200 | 6,586 | 9,201 | 6,387 |
Depreciation and amortization | 8,633 | 8,402 | 8,316 | 8,457 | 8,399 |
J-GAAP | IFRS | |||||||
FY ended Mar 31, 2012 | FY ended Mar 31, 2013 | FY ended Mar 31, 2014 | FY ended Mar 31, 2015 | FY ended Mar 31, 2016 | FY ended Mar 31, 2016 | FY ended Mar 31,2017 | FY ending Mar 31,2018 Forect | |
R&D expenses | 39,232 | 37,514 | 40,137 | 42,523 | 46,017 | 44,639 | 42,547 | 46,000 |
R&D expenses per sales (%) | 7.9% | 7.3% | 6.5% | 6.0% | 6.2% | 6.5% | 6.6% | 6.8% |
IFRS | IFRS | ||||
FY ended March 31, 2017 | FY ending Mar 31, 2018 | ||||
1st Quarter (Apr to Jun 2016) | 2nd Quarter (Jul to sep 2016) | 3rd Quarter (Oct to Dec 2016) | 4th Quarter (Jan to Mar 2017) | 1st Quarter (Apr to Jun 2017) | |
R&D expenses | 9,740 | 11,060 | 10,351 | 11,394 | 10,729 |
J-GAAP | IFRS | IFRS | ||||||
FY ended Mar 31, 2012 | FY ended Mar 31, 2013 | FY ended Mar 31, 2014 | FY ended Mar 31, 2015 | FY ended Mar 31, 2016 | FY ended Mar 31, 2016 | FY ended Mar 31,2017 | FY ending Mar 31, 2018 | |
1st Quarter as of Jun 30, 2017 | ||||||||
Total assets | 370,906 | 421,494 | 469,973 | 567,230 | 667,811 | 675,301 | 674,107 | 683,885 |
Owners' equity | 231,001 | 262,837 | 291,164 | 350,162 | 322,146 | 333,440 | 345,061 | 359,533 |
Owners' equity ratio (%) | 62.3% | 62.4% | 62.0% | 61.7% | 48.2% | 49.4% | 51.2% | 52.6% |
* Owners' equity ratio = Owners' equity / Total assets
Owners' equity represents Shareholders' equity and Other comprehensive income.
Brother Industries Ltd. published this content on 04 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 August 2017 07:18:09 UTC.
Original documenthttp://www.brother.com/pub/investor/accounts/2018/fy2018q1/2017q1e_con.pdf
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