Brother Industries : Presentation Material (with notes)
August 18, 2021 at 02:14 am EDT
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Results for FY2021 Q1
Both profit and revenue increased due mainly to strong performance of the P&S and Machinery businesses in addition to positive FX effects.
Business segment profit and operating profit reached an all-time high for the first quarter.
Sales revenue
Sales revenue increased by 30.7％ year-on-year to 174.0 billion yen.
In the P&S business, the overall sales volume of hardware declined due to supply restrictions caused by factory lockdowns. Nevertheless, revenue increased as demand remained strong among people working from home, enabling us to sell products without changing their prices, and consumables also performed well.
In the Machinery business, revenue increased substantially, mainly backed by strong performance of machine tools in the automotive industry in China and recovery of demand for capital investment in industrial sewing machines among apparel manufacturers.
Business segment profit
Business segment profit increased by 203.5% year-on-year to 26.2 billion yen.
Profit increased substantially due to all businesses recording a revenue increase from the first quarter of FY2020, which was significantly affected by COVID-19, in addition to positive FX effects.
Forecast for FY2021
We have revised up our forecast for FY2021 in response to positive FX effects and better-than-expected performance for the first quarter mainly in the P&S and Machinery businesses.
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I will now discuss business results.
In the first quarter of FY2021, sales revenue was 174.0 billion yen, up 40.8 billion yen from the same period of the previous year, which was significantly affected by COVID-19.
Business segment profit was 26.2 billion yen, up 17.5 billion yen.
Operating profit was 26.5 billion yen, up 17.2 billion yen.
Both business segment profit and operating profit reached an all-time high for the first quarter, and the profit ratio also exceeded 15％.
Net income attributable to owners of the parent was 18.6 billion yen, up 12.0 billion yen.
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This is a list of results by business segment.
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Brother Industries Ltd. published this content on 18 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2021 06:13:08 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. 
