Brother Industries, Ltd. Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2018; Revises Earnings Guidance for the Fiscal Year Ending March 31, 2019
November 06, 2018 at 01:00 am EST
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Brother Industries, Ltd. announced consolidated earnings results for the second quarter and six months ended September 30, 2018. For the six months, the company reported revenue of JPY 343,689 million against JPY 346,400 million a year ago. Operating profit was JPY 38,031 million against JPY 31,310 million a year ago. Profit before income taxes was JPY 38,405 million against JPY 31,588 million a year ago. Profit for the period was JPY 28,693 million against JPY 22,967 million a year ago. Basic earnings per share was JPY 109.95 against JPY 87.35 a year ago.
For the quarter, the company reported revenue of JPY 172,594 million against JPY 178,672 million a year ago. Operating profit was JPY 15,776 million against JPY 18,706 million a year ago. Profit before income taxes was JPY 15,902 million against JPY 18,603 million a year ago. Profit for the period was JPY 12,066 million against JPY 13,645 million a year ago. Basic earnings per share was JPY 46.16 against JPY 52.12 a year ago.
Company revised earnings guidance for the fiscal year ending March 31, 2019. For the period the company expects revenue of JPY 690,000 million from previous forecast of JPY 690,000 million. Operating profit expected to be JPY 70,000 million from previous forecast of JPY 70,000 million. Profit before income taxes expected to be JPY 70,000 million. Profit for the period attributable to owners of the parent company expected to be JPY 52,000 million from previous forecast of JPY 52,000 million. Profit for the period expected to be JPY 52,500 million. Basic earnings per share for the period expected to be JPY 200.25 compared to previous forecast of JPY 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 Second Quarter and Six Months Ended September 30, 2018; Revises Earnings Guidance for the Fiscal Year Ending March 31, 2019