Brother Industries, Ltd. Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2018; Provides Earnings Guidance for the Year Ending March 31, 2019
February 06, 2019 at 01:00 am EST
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Brother Industries, Ltd. announced consolidated earnings results for the third quarter and nine months ended December 31, 2018. For the quarter, the company reported revenue of JPY 178,127 million compared to JPY 187,761 million a year ago. Operating profit was JPY 23,640 million compared to JPY 21,795 million a year ago. Profit for the period was JPY 18,066 million compared to JPY 16,216 million a year ago. Basic earnings per share was JPY 69.13 compared to JPY 62.22 a year ago.
For the nine months, the company reported revenue of JPY 521,817 million compared to JPY 534,162 million a year ago. Operating profit was JPY 61,672 million compared to JPY 53,106 million a year ago. Profit for the period was JPY 46,760 million compared to JPY 39,184 million a year ago. Basic earnings per share was JPY 179.08 compared to JPY 149.57 a year ago.
For the year ending March 31, 2019, the company expects revenue of JPY 690,000 million. Operating profit to be JPY 70,000 million. Profit for the period to be JPY 52,500 million. Basic earnings per share for the period to be JPY 200.25.
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 Third Quarter and Nine Months Ended December 31, 2018; Provides Earnings Guidance for the Year Ending March 31, 2019