Brother Industries : Presentation Material (Financial Results, Updates on Medium-term Business Strategy)
May 08, 2023 at 02:11 am EDT
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Fiscal Year 2022 (ended March 31, 2023)
Financial Results,
Updates on the Medium-term Business
Strategy "CS B2024"
Brother Industries, Ltd.
May 8, 2023
Information on this report, other than historical facts, refers to future prospects and performance, and has been prepared by our Management on the basis of information available at the time of the announcement. This covers various risks, including, but not limited to, economic conditions, customer demand, foreign currency exchange rates, tax rules, regulation and other factors. As a result, actual future performance may differ from any forecasts contained on this report.
Revenue increased due to positive FX effects, an increase of hardware sales in the P&S business compared to the previous fiscal year when there were supply constraints, and other factors
Business segment profit
60.4 billion yen/ -28.6%(year-on-year)
In the P&S business, gross profit decreased due to the change in the sales ratio of hardware and consumables as well as decreased sales of consumables, despite effects from price adjustments
Profit decreased substantially due to an increase in SG&A, soaring parts and materials costs, and other factors
Operating profit
55.4 billion yen/ -35.2％ (year-on-year)
Impairment losses on a part of goodwill in the Domino business were recorded, despite gain on sales of fixed assets
Net income*
39.1 billion yen/ -36.0％ (year-on-year)
*: Net income attributable to owners of the parent company
Incorporating high parts and materials costs as well as increased SG&A, including personnel expenses, into the forecast, the Company will continue to make prior investments for the future as stated in the medium-term business strategy "CS B2024"
Revenue and profit are expected to increase due to growth in the industrial area and recovery in profitability of the P&S business
Shareholder returns
Annual dividend for FY2022 of 68 yen per share (planned)
(4 yen increase from the previous fiscal year)
Annual dividend for FY2023 of 68 yen per share (planned)
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.
Brother Industries Ltd is a Japan-based company mainly engaged in the manufacture and sale of office equipment and supplies. The Company operates in six business segments. The Printing and Solutions segment manufactures and sells communication and printing equipment like printers, multifunction devices and electronic stationery, among others. The Personal and Home segment is engaged in the manufacture and sale of household sewing machines. The Machinery segment manufactures and sells industrial sewing machines, garment printer, machine tools, reducers and gears, among others. The Network and Contents segment is involved in the manufacture, sale and service of commercial karaoke equipment, as well as the provision of contents delivery services. The Domino segment is engaged in the manufacture and sale of industrial printing equipment. The Others segment is involved in the real estate business.
BROTHER INDUSTRIES, LTD. 
