Brother Reports Continuous Growth in Q3

Following steady growth in Q2, Brother reported a continuous increase in the third quarter of the fiscal year 2024 (Q3, 2024) ending March 31, 2025, driven by higher sales in the P&S business and positive FX effects.

Q3 2024 Performance Highlights

• Sales revenue reached ¥231.5 billion (US$1.54 billion), marking a 6% year-over-year increase. The growth was fueled by steady sales of both hardware and consumables in the P&S segment, as well as strong performance in the Printing & Home (P&H) business, particularly in the Americas.
• Business segment profit climbed 1% year-over-year to ¥26.2 billion (US$174 million), despite higher selling, general, and administrative (SG&A) expenses and increased sales promotion costs. The rise was primarily driven by robust P&S and P&H sales, pricing adjustments in the P&S business, and other contributing factors.

Segment Breakdown

• The P&S business generated ¥1.462 billion (US$9.7 million), up 7% year-over-year, with business segment profit rising 11% to ¥216 million (US$1.4 million).
• Operating profit in the P&S business reached ¥214 million (US$1.43 million), reflecting a 10% increase compared to the same period last year.

Full-Year Outlook

Brother has revised its full-year sales revenue forecast upward by 1.2% to ¥875 billion (US$5.83 billion). Meanwhile, profit projections remain steady:

• P&S segment revenue is expected to reach ¥5.446 billion (US$36.3 million), up 22.4% quarter-over-quarter.
• Business segment profit is forecasted at ¥652 million (US$4.35 million), with operating profit expected to rise to ¥645 million (US$4.3 million).

Nine-Month Financial Results

For the first nine months of FY2024, Brother reported steady growth across key financial indicators:

• Revenue increased 5% year-over-year to ¥658.8 billion (US$4.39 billion).
• Business segment profit rose 2% to ¥69.1 billion (US$461 million).
• Operating profit grew 9% to ¥64.1 billion (US$427 million).
• Net profit attributable to shareholders surged 1% to ¥50.4 billion (US$336 million).

To enhance shareholder value, Brother announced a 47% dividend increase to ¥50.00 per share (US$0.33).

Full-Year Profit Projections

Brother expects to achieve record revenue of ¥875 billion (US$5.83 billion) for FY2024, representing a 6.3% annual growth. Key profit forecasts include:

• Operating profit projected to rise 6% to ¥76 billion (US$507 million).
• Net profit expected to jump 80% to ¥57 billion (US$380 million).
• Full-year dividend anticipated at ¥100.00 per share (US$0.67), a 19% increase year-over-year.

Related:

• Brother Records Steady Growth in Q2 2024
• Brother Begins Remanufacturing Ink Cartridges in UK
• Brother Reported Lower Printing Equipment Sales in Q1 2024
• Brother Publishes Cartridge-Related Patent in the U.S.

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