Brother Industries : Presentation Material (Financial Results with notes)
May 15, 2023 at 02:07 am EDT
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Results for FY2022
Sales revenue
Sales revenue increased by 14.7% year-on-year to 815.3 billion yen.
Revenue increased due to positive FX effects, increased sales of hardware in the P&S business compared to the previous fiscal year when there were supply constraints, and other factors.
Business segment profit
Business segment profit decreased by 28.6% year-on-year to 60.4 billion yen.
In the P&S business, gross profit decreased due to the change in the sales ratio of hardware and consumables as well as decreased sales of consumables, despite effects from price adjustments. Profit also decreased substantially due to an increase in SG&A, soaring parts and materials costs, and other factors.
Operating profit
Operating profit decreased by 35.2% year-on-year to 55.4 billion yen.
Impairment losses on a part of goodwill in the Domino business were recorded due to an increase in the discount rate applicable to the future cash flow reflecting a rise in interest rates, despite gain on sales of fixed assets.
Net income attributable to owners of the parent company
Net income attributable to owners of the parent company decreased by 36.0% year-on-year to 39.1 billion yen.
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Forecast for FY2023
Incorporating high parts and materials costs as well as increased SG&A, including personnel expenses, into the forecast, the Company will continue to make prior investments for the future as stated in the medium-term business strategy "CS B2024" (FY2022 to FY2024).
In FY2023, revenue and profit are expected to increase due to growth in the industrial area and recovery in profitability of the P&S business.
Shareholder returns
The annual dividend per share for FY2022 is planned to be 68 yen, up 4 yen from the previous fiscal year.
The annual dividend per share for FY2023 is planned to be 68 yen.
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Brother Industries Ltd. published this content on 15 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2023 06:06:06 UTC.
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. 
