Brother Industries : Presentation Material (with notes)
November 16, 2022 at 03:19 am EST
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Financial Results for FY2022 Q2
Although revenue increased,due mainly to positive FX effects, profit decreased substantially due to factors such as the lower gross profit caused by decreased sales of consumables in the P&S business, a significant increase in parts and materials costs, and an increase in SG&A.
Sales revenue
Sales revenue increased by 11.6% year-on-year to 196.9 billion yen.
In the P&S business, sales of hardware were firm for inkjet All-in-Ones and both laser All-in-Ones and printers as supply constraints resulting from a shortage of parts and materials were eased. For consumables, on the other hand, there was a downturn after a last-minute surge in demand ahead of price hikes. For the business as a whole, revenue increased due to positive FX effects.
In the P&H business, despite positive FX effects, revenue decreased as stay-at-home demand has run its course and sales decreased for middle- and high-end models.
Business segment profit
Business segment profit decreased by 52.1% year-on-year to 11.1 billion yen.
Profit decreased substantially due to factors such as lower gross profit caused by decreased sales of consumables in the P&S business, as well as a significant increase in parts and materials costs and an increase in SG&A expenses.
Forecast for FY2022
The forecast for sales revenue has been revised upward in response to positive FX effects, eased supply constraints in the P&S business, and other factors.
The forecast for business segment profit has been revised downward, despite positive FX effects, in response to a significant increase in parts and materials costs and lower-than-expected profit in the first half.
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I will now discuss business results.
In the second quarter of FY2022, sales revenue was 196.9 billion yen, up 20.4 billion yen from the same period of the previous year.
With regard to profit,
Business segment profit was 11.1 billion yen, down 12.1 billion yen. Operating profit was 12.4 billion yen, down 12.3 billion yen.
Net income attributable to owners of the parent company decreased substantially, down 5.3 billion yen to 12.9 billion yen.
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This slide shows results in each business segment.
Effective FY2022 business segmentation has been changed as per the Medium-Term Business Strategy CS B2024 (FY2022 to FY2024) and the figures for FY2021 has been revised as well for comparison.
The same applies to the figures for the following pages.
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Brother Industries Ltd. published this content on 15 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2022 08:18:05 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. 
