Brother Industries : Presentation Material for Financial Results for the First Quarter of Fiscal Year ending March 31, 2022
08/03/2021 | 06:14am EDT
Fiscal Year 2021 (ending March 31, 2022)
First Quarter Financial Results
Brother Industries, Ltd.
August 3, 2021
Information on this report, other than historical facts, refers to future prospects and performance, and has been prepared by our Management on the basis of information available at the time of the announcement. This covers various risks, including, but not limited to, economic conditions, customer demand, foreign currency exchange rates, tax rules, regulation and other factors. As a result, actual future performance may differ from any forecasts contained on this report.
Both profit and revenue increased due mainly to strong performance of the P&S and Machinery businesses in addition to positive FX effects
(All-time high business segment profit and operating profit for Q1）
174.0 billion yen/＋30.7% (year-on-year)
In the P&S business, despite supply restrictions, revenue increased due to strong demand for hardware products for people working from home, firm performance of consumables, and positive FX effects.
The Machinery business recorded a substantial increase in revenue, mainly backed by strong performance of machine tools in China and recovery of demand for capital investment in industrial sewing machines among apparel manufacturers.
Business segment profit
26.2 billion yen/ +203.5％ (year-on-year)
Profit increased substantially as revenue increased in all businesses from FY2020 Q1, which was significantly affected by COVID-19.
Forecast for FY2021
The results outlook has been revised upward in response to positive FX effects and better- than-expected performance for Q1 mainly in the P&S and Machinery businesses.
Brother Industries Ltd. published this content on 03 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2021 09:55:17 UTC.