Presentation Material for Financial Results for the Second Quarter of Fiscal Year ending March 31, 2022
November 08, 2021 at 01:18 am EST
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Fiscal Year 2021 (ending March 31, 2022)
Second Quarter Financial Results
Brother Industries, Ltd.
November 8, 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.
Revenue increased, due mainly to strong performance of the Machinery business in addition to positive FX effects
Business segment profit reached to the same level as the previous year, which was an all- time high for Q2
Sales revenue
176.5 billion yen/ +12.5% (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 as a result of strong performance by machine tools in China and recovery of demand for capital investment in industrial sewing machines among apparel manufacturers.
Business segment profit
23.2 billion yen/ -0.6%(year-on-year)
Despite higher gross profit in the Machinery and P&S businesses and positive FX effects, business segment profit was flat year-on-year due to high logistics costs and parts and materials costs.
Forecast for FY2021
The forecast for each measure of profit has been revised upward in response to positive FX effects and higher profit in the P&S business, mainly in Q2
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Brother Industries Ltd. published this content on 08 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 November 2021 06:17:18 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. 
