Brother Industries, Ltd. Announces Dividend for the Six Months Ended September 30, 2017; provides dividend Guidance for the Year Ending March 31, 2018; Reports Consolidated Earnings Results for the Six Months Ended September 30, 2017; Revises Earnings Guidance for the Year Ending March 31, 2018
November 07, 2017 at 01:00 am EST
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Brother Industries, Ltd. announced dividend for the six months ended September 30, 2017 of JPY 24.00 per common share against JPY 18.00 per common share a year ago.
For the year, the company expects dividends of JPY 48.00 per common share against JPY 48.00 per common share a year ago.
The company reported consolidated earnings results for the six months ended September 30, 2017. For the quarter, the company reported revenue of JPY 178,672 million against JPY 152,742 million a year ago. Operating profit was JPY 18,706 million against JPY 15,056 million a year ago. Profit before income taxes was JPY 18,603 million against JPY 15,948 million a year ago. Profit for the period was JPY 13,645 million against JPY 11,665 million a year ago. Profit for the period attributable to owners of the parent company was JPY 13,535 million against JPY 11,652 million a year ago. Diluted earnings per share for the period was JPY 51.98 against JPY 44.76 a year ago. Net cash provided by operating activities was JPY 37,853 million against JPY 43,112 million a year ago. Purchases of property, plant and equipment was JPY 11,138 million against JPY 11,312 million a year ago. Purchases of intangible assets was JPY 4,515 million against JPY 3,458 million a year ago.
For the six months, the company reported revenue of JPY 346,400 million against JPY 310,270 million a year ago. Operating profit was JPY 31,310 million against JPY 36,164 million a year ago. Profit before income taxes was JPY 31,588 million against JPY 37,062 million a year ago. Profit for the period was JPY 22,967 million against JPY 26,990 million a year ago. Profit for the period attributable to owners of the parent company was JPY 22,682 million against JPY 26,991 million a year ago. Diluted earnings per share for the period was JPY 87.10 against JPY 103.67 a year ago.
For the year ending March 31, 2018, the company expects revenue of JPY 700,000 million, operating profit of JPY 66,000 million and profit for the period attributable to owners of the parent company of JPY 48,500 million or JPY 186.52 per basic share against previously forecasted revenue of JPY 680,000 million, operating profit of JPY 62,500 million and profit for the period attributable to owners of the parent company of JPY 46,000 million or JPY 176.91 per basic share. The company expects profit before income taxes of JPY 65,500 million, profit for the period of JPY 49,000 million.
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 Dividend for the Six Months Ended September 30, 2017; provides dividend Guidance for the Year Ending March 31, 2018; Reports Consolidated Earnings Results for the Six Months Ended September 30, 2017; Revises Earnings Guidance for the Year Ending March 31, 2018
BROTHER INDUSTRIES, LTD. 
