Brother Industries, Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2018; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2019
August 09, 2018 at 02:10 am EDT
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Brother Industries, Ltd. announced consolidated earnings results for the first quarter ended June 30, 2018. For the quarter, the company's revenue was ¥171,095 million against ¥167,728 million a year ago. Operating profit was ¥22,255 million against ¥12,603 million a year ago. Profit before income taxes was ¥22,502 million compared with ¥12,984 million a year ago. Profit for the period was ¥16,627 million against ¥9,322 million a year ago. Profit for the period attributable of owners of the parent company was ¥16,565 million against ¥9,146 million a year ago. Diluted earnings per share were ¥63.60 against ¥35.12 a year ago. Net cash provided by operating activities was ¥16,600 million against ¥12,511 million a year ago. Purchase of property, plant and equipment was ¥5,153 million against ¥6,341 million a year ago. Purchase of intangible assets was ¥1,685 million against ¥1,802 million a year ago.
The company provided earnings guidance for the year ending March 31, 2019. For the year, the company expects net sales of ¥690,000 million; operating profit of ¥70,000 million; profit before income taxes was ¥70,000 million; profit for the period was ¥52,500 million; profit for the period attributable of owners of the parent company of ¥52,000 million or ¥200.25 per basic share.
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. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2018; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2019