Brother Industries : Presentation Material for Financial Results for the Fiscal Year 2020 (ended March 31, 2021)
May 07, 2021 at 05:32 am EDT
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Fiscal Year 2020 (ended March 31, 2021)
Financial Results
Brother Industries, Ltd.
May 7, 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.
Although business segment profit reached an all-time high, operating profit and net income decreased significantly due to the recording of an impairment loss on goodwill
◆Sales revenue
631.8 billion yen/ -0.9%(year-on-year)
In the P&S business, sales were on a par with the previous year's level despite a decrease in sales volume resulting from supply restrictions.
The P&H business recorded a significant increase in sales revenue, backed by growing demand for home sewing machines from people staying home or conducting a second business.
◆Business segment profit 78.1 billion yen/ +16.6%
In the P&S business, profit increased due in part to the effects of efforts to keep down sales promotion expenses.
In the P&H business, profit increased as sales increased due to strong demand.
The N&C business was deep into the red as a result of a drop in sales from the karaoke club business and sales of karaoke machines.
The Machinery business (machine tools) recorded a substantial increase in profit as sales in the automotive and general industries recovered in China.
◆Operating profit
42.7 billion yen/ -36.5%
Operating profit decreased substantially due mainly to the recording of an impairment loss on goodwill in the Domino business
◆Net income*
24.5 billion yen/ -50.5%
*: Net income attributable to owners of the parent
Effects such as from disruptions in the global supply chain mainly in the P&S business are incorporated as risk factors, and a decline in both revenue and business segment profit is projected.
An increase in operating profit and net income is projected due to the elimination of special factors that occurred in FY2020.
Shareholder Returns
The annual dividend in FY2020 is set at 60 yen per share (the same as in FY2019)
An annual dividend of 60 yen per share is also planned for FY2021.
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Brother Industries Ltd. published this content on 07 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 May 2021 09:31:03 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. 
