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 7, 2023
Highlights of Consolidated Results for the Three Months and the First Quarter of Fiscal Year ending March 31, 2024
Millions of yen (except for per share amounts) | ||||||
Three months ended | Three months ended | Change | ||||
Jun. 30, 2022 | Jun. 30, 2023 | |||||
Revenue | 199,734 | 200,407 | 0.3% | |||
Business segment profit | 24,788 | 23,134 | -6.7% | |||
Operating profit | 25,018 | 22,025 | -12.0% | |||
Profit before income taxes | 25,297 | 22,652 | -10.5% | |||
Profit for the period | 17,393 | 16,252 | -6.6% | |||
Profit for the period attributable to owners of the parent company | 17,389 | 16,243 | -6.6% | |||
Comprehensive income for the period | 48,555 | 54,371 | 12.0% | |||
Basic earnings per share for the period (yen) | 67.60 | 63.55 | ||||
Diluted earnings per share for the period (yen) | 67.40 | 63.38 |
(Note) Business segment profit is calculated by subtracting cost of sales and selling, general and administrative expenses from revenue.
As of Mar. 31, 2023 | As of Jun. 30, 2023 | |||||
Total assets | 850,486 | 873,281 | ||||
Total equity | 596,680 | 642,350 | ||||
Equity attributable to owners of the parent company | 596,619 | 642,280 | ||||
Equity attributable to owners of the parent company ratio | 70.2 | % | 73.5 | % | ||
Equity attributable to owners of the parent company per share (yen) | 2,334.34 | 2,512.90 |
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 three months ended Jun. 30, 2023 are based on the following currency exchange rates: Actual average rates for the year ended Jun. 30, 2023: US$=138.11 yen, EURO=150.35 yen
Forecasts for the year ending Mar. 31, 2024 are based on the following currency exchange rates: Assumed average rates for the year ending Mar. 31, 2024: US$=135.00 yen, EURO=140.00 yen - Number of shares outstanding (including treasury stock): 257,755 thousands as of Mar. 31, 2023, 257,755 thousands as of Jun. 30, 2023
Number of treasury stock outstanding: 2,172 thousands as of Mar. 31, 2023, 2,163 thousands as of Jun. 30, 2023 Number of weighted average shares:
257,235 thousands during the three months ended Jun. 30, 2022, 255,589 thousands during the three months ended Jun. 30, 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 first quarter of the year ended Mar. 31, 2023, 255,739 shares for the first quarter of the year ended Mar. 31, 2024) are included in treasury stock.
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Consolidated Statement of Financial Position | ||||
Millions of yen | ||||
FY2022 | FY2023 | |||
(As of March 31, | (As of Jun. 30, | |||
2023) | 2023) | |||
Assets | ||||
Current assets | ||||
Cash and cash equivalents | 119,042 | 109,200 | ||
Trade and other receivables | 123,260 | 122,078 | ||
Other financial assets | 10,867 | 14,373 | ||
Inventories | 222,133 | 233,822 | ||
Other current assets | 36,441 | 36,797 | ||
Total current assets | 511,746 | 516,272 | ||
Non-current assets | ||||
Property, plant and equipment | 128,496 | 131,933 | ||
Right-of-use assets | 25,002 | 26,564 | ||
Investment property | 6,217 | 6,137 | ||
Goodwill and intangible assets | 114,220 | 123,210 | ||
Investments accounted for using the equity | 2,006 | 1,980 | ||
method | ||||
Other financial assets | 29,497 | 31,764 | ||
Deferred tax assets | 20,818 | 21,663 | ||
Other non-current assets | 12,480 | 13,753 | ||
Total non-current assets | 338,740 | 357,009 | ||
Total assets | 850,486 | 873,281 |
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Millions of yen | |||
FY2022 | FY2023 | ||
(As of March 31, | (As of Jun. 30, | ||
2023) | 2023) | ||
Liabilities and Equity | |||
Liabilities | |||
Current liabilities | |||
Trade and other payables | 82,755 | 69,619 | |
Bonds and borrowings | 36,823 | 22,564 | |
Other financial liabilities | 9,387 | 12,113 | |
Income tax payables | 5,472 | 6,334 | |
Provisions | 4,031 | 4,029 | |
Contract liabilities | 6,556 | 6,867 | |
Other current liabilities | 56,249 | 53,620 | |
Total current liabilities | 201,276 | 175,149 | |
Non-current liabilities | |||
Bonds and borrowings | 600 | 600 | |
Other financial liabilities | 23,105 | 24,189 | |
Retirement benefits liabilities | 14,997 | 16,209 | |
Provisions | 3,593 | 3,861 | |
Deferred tax liabilities | 7,055 | 7,590 | |
Contract liabilities | 2,049 | 2,160 | |
Other non-current liabilities | 1,127 | 1,169 | |
Total non-current liabilities | 52,529 | 55,781 | |
Total liabilities | 253,806 | 230,930 | |
Equity | |||
Capital stock | 19,209 | 19,209 | |
Capital surplus | 17,849 | 17,841 | |
Retained earnings | 568,055 | 576,766 | |
Treasury stock | (3,533) | (3,513) | |
Other components of equity | (4,962) | 31,976 | |
Equity attributable to owners of the parent | 596,619 | 642,280 | |
company | |||
Non-controlling interests | 60 | 70 | |
Total equity | 596,680 | 642,350 | |
Total equity and liabilities | 850,486 | 873,281 |
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Consolidated Statement of Income | ||||
Millions of yen | ||||
FY2022 | FY2023 | |||
(Three months | (Three months | |||
ended | ended | |||
Jun. 30, 2022) | Jun. 30, 2023) | |||
Revenue | 199,734 | 200,407 | ||
Cost of sales | (115,626) | (112,494) | ||
Gross profit | 84,108 | 87,913 | ||
Selling, general and administrative expenses | (59,319) | (64,778) | ||
Other income | 1,207 | 1,534 | ||
Other expenses | (977) | (2,643) | ||
Operating profit | 25,018 | 22,025 | ||
Finance income | 3,401 | 2,173 | ||
Finance expenses | (3,174) | (1,616) | ||
Share of profit/(loss) of investments accounted for | 53 | 69 | ||
using the equity method | ||||
Profit before income taxes | 25,297 | 22,652 | ||
Income tax expenses | (7,904) | (6,399) | ||
profit for the period | 17,393 | 16,252 | ||
profit for the period attributable to: | ||||
Owners of the parent company | 17,389 | 16,243 | ||
Non-controlling interests | 4 | 9 | ||
profit for the period | 17,393 | 16,252 | ||
Yen | ||||
FY2022 | FY2023 | |||
(Three months | (Three months | |||
ended | ended | |||
Jun. 30, 2022) | Jun. 30, 2023) | |||
Earnings per share | ||||
Basic earnings per share | 67.60 | 63.55 | ||
Diluted earnings per share | 67.40 | 63.38 | ||
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Brother Industries Ltd. published this content on 07 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 August 2023 06:08:32 UTC.