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.
May 8, 2023
Highlights of Consolidated Results for Fiscal Year ended March 31, 2023
Millions of yen (except for per share amounts) | |||||||
Year ended Mar. 31, 2022 | Year ended Mar. 31, 2023 | Change | |||||
Revenue | 710,938 | 815,269 | 14.7% | ||||
Business segment profit | 84,552 | 60,404 | -28.6% | ||||
Operating profit | 85,501 | 55,378 | -35.2% | ||||
Profit before income taxes | 86,429 | 56,953 | -34.1% | ||||
Profit for the period | 61,515 | 39,086 | -36.5% | ||||
Profit for the period attributable to owners of the parent company | 61,030 | 39,082 | -36.0% | ||||
Comprehensive income for the period | 97,734 | 59,900 | -38.7% | ||||
Basic earnings per share for the period (yen) | 234.89 | 152.67 | |||||
Diluted earnings per share for the period (yen) | 234.18 | 152.22 | |||||
Dividends per common share (yen) | 64.00 | 68.00 |
(Note) Business segment profit is calculated by subtracting cost of sales and selling, general and administrative expenses from revenue.
As of Mar. 31, 2022 | As of Mar. 31, 2023 | |||||
Total assets | 811,149 | 850,486 | ||||
Total equity | 561,211 | 596,680 | ||||
Equity attributable to owners of the parent company | 561,146 | 596,619 | ||||
Equity attributable to owners of the parent company ratio | 69.2 | % | 70.2 | % | ||
Equity attributable to owners of the parent company per share (yen) | 2,170.46 | 2,334.34 | ||||
Year ended Mar. 31, 2022 | Year ended Mar. 31, 2023 | |||||
Net cash provided by operating activities | 72,254 | 14,432 | ||||
Net cash provided by (used in) investing activities | (40,781) | (32,198) | ||||
Net cash provided by (used in) financing activities | (65,191) | (36,638) | ||||
Cash and cash equivalents at end of period | 167,915 | 119,042 |
Highlights of Consolidated Forecast for Fiscal Year ending March 31, 2024
Millions of yen (except for per share amounts) | |||||||
[Forecast] | |||||||
Year ended Mar. 31, 2023 | Year ended Mar. 31, 2024 | Change | |||||
Revenue | 815,269 | 840,000 | 3.0% | ||||
Business segment profit | 60,404 | 70,000 | 15.9% | ||||
Operating profit | 55,378 | 70,000 | 26.4% | ||||
Profit before income taxes | 56,953 | 70,000 | 22.9% | ||||
Profit for the period | 39,086 | 50,000 | 27.9% | ||||
Profit for the period attributable to owners of the parent company | 39,082 | 50,000 | 27.9% | ||||
Basic earnings per share for the period (yen) | 152.67 | 195.32 | |||||
Dividends per common share (yen) | 68.00 | 68.00 |
(Note) Business segment profit is calculated by subtracting cost of sales and selling, general and administrative expenses from revenue.
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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.
- Operating results for the year ended Mar. 31, 2023 are based on the following currency exchange rates: Actual average rates for the year ended Mar. 31, 2023: US$=134.95 yen, EURO=141.24 yen Forecasts for the year ending Mar. 31, 2024 are based on the following currency exchange rates: Assumed average rates for the year ending Mar. 31, 2024: US$=135.00 yen, EURO=140.00 yen
-
Number of shares outstanding (including treasury stock): 262,220 thousands as of Mar. 31, 2022, 257,755 thousands as of Mar. 31, 2023
Number of treasury stock outstanding: 3,683 thousands as of Mar. 31, 2022, 2,172 thousands as of Mar. 31, 2023 Number of weighted average shares:
259,827 thousands during the year ended Mar. 31, 2022, 255,993 thousands during the year ended Mar. 31, 2023
(Note) The Company has introduced a Performance Share using a BIP trust for directors, and the Company's shares held by the trust (258,000 shares for the third quarter of the year ended Mar. 31, 2023) are included in treasury stock.
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Consolidated Statement of Financial Position | ||||
Millions of yen | ||||
FY2021 | FY2022 | |||
(As of March 31, | (As of March 31, | |||
2022) | 2023) | |||
Assets | ||||
Current assets | ||||
Cash and cash equivalents | 167,915 | 119,042 | ||
Trade and other receivables | 102,685 | 123,260 | ||
Other financial assets | 11,419 | 10,867 | ||
Inventories | 169,583 | 222,133 | ||
Other current assets | 24,843 | 36,441 | ||
Subtotal | 476,447 | 511,746 | ||
Non-current assets classified as held for sale | 297 | － | ||
Total current assets | 476,745 | 511,746 | ||
Non-current assets | ||||
Property, plant and equipment | 117,127 | 128,496 | ||
Right-of-use assets | 21,136 | 25,002 | ||
Investment property | 7,858 | 6,217 | ||
Goodwill and intangible assets | 121,689 | 114,220 | ||
Investments accounted for using the equity | 1,862 | 2,006 | ||
method | ||||
Other financial assets | 33,389 | 29,497 | ||
Deferred tax assets | 21,261 | 20,818 | ||
Other non-current assets | 10,078 | 12,480 | ||
Total non-current assets | 334,404 | 338,740 | ||
Total assets | 811,149 | 850,486 |
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Millions of yen | |||
FY2021 | FY2022 | ||
(As of March 31, | (As of March 31, | ||
2022) | 2023) | ||
Liabilities and Equity | |||
Liabilities | |||
Current liabilities | |||
Trade and other payables | 71,247 | 82,755 | |
Bonds and borrowings | 20,121 | 36,823 | |
Other financial liabilities | 9,517 | 9,387 | |
Income tax payables | 14,084 | 5,472 | |
Provisions | 3,211 | 4,031 | |
Contract liabilities | 7,807 | 6,556 | |
Other current liabilities | 53,516 | 56,249 | |
Total current liabilities | 179,506 | 201,276 | |
Non-current liabilities | |||
Bonds and borrowings | 20,705 | 600 | |
Other financial liabilities | 20,379 | 23,105 | |
Retirement benefits liabilities | 16,366 | 14,997 | |
Provisions | 2,972 | 3,593 | |
Deferred tax liabilities | 7,207 | 7,055 | |
Contract liabilities | 1,600 | 2,049 | |
Other non-current liabilities | 1,197 | 1,127 | |
Total non-current liabilities | 70,431 | 52,529 | |
Total liabilities | 249,937 | 253,806 | |
Equity | |||
Capital stock | 19,209 | 19,209 | |
Capital surplus | 17,866 | 17,849 | |
Retained earnings | 554,910 | 568,055 | |
Treasury stock | (5,428) | (3,533) | |
Other components of equity | (25,411) | (4,962) | |
Equity attributable to owners of the parent | 561,146 | 596,619 | |
company | |||
Non-controlling interests | 65 | 60 | |
Total equity | 561,211 | 596,680 | |
Total equity and liabilities | 811,149 | 850,486 |
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Consolidated Statement of Income | ||||
Millions of yen | ||||
FY2021 | FY2022 | |||
(Year ended | (Year ended | |||
March 31, 2022) | March 31, 2023) | |||
Revenue | 710,938 | 815,269 | ||
Cost of sales | (403,614) | (495,681) | ||
Gross profit | 307,324 | 319,587 | ||
Selling, general and administrative expenses | (222,771) | (259,183) | ||
Other income | 5,621 | 9,544 | ||
Other expenses | (4,672) | (14,570) | ||
Operating profit | 85,501 | 55,378 | ||
Finance income | 4,079 | 6,306 | ||
Finance expenses | (3,338) | (4,983) | ||
Share of profit/(loss) of investments accounted for | 186 | 251 | ||
using the equity method | ||||
Profit before income taxes | 86,429 | 56,953 | ||
Income tax expenses | (24,914) | (17,866) | ||
Profit for the year | 61,515 | 39,086 | ||
Profit for the year attributable to: | ||||
Owners of the parent company | 61,030 | 39,082 | ||
Non-controlling interests | 484 | 4 | ||
Profit for the year | 61,515 | 39,086 | ||
Yen | ||||
FY2021 | FY2022 | |||
(Year ended | (Year ended | |||
March 31, 2022) | March 31, 2023) | |||
Earnings per share | ||||
Basic earnings per share | 234.89 | 152.67 | ||
Diluted earnings per share | 234.18 | 152.22 |
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Disclaimer
Brother Industries Ltd. published this content on 08 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 May 2023 06:10:38 UTC.
