Brother Continues to Decline in Q2 and First Half

Brother Continues to Decline in Q2 and First Half

Brother has revealed its financial results for the first half and the second quarter (Q2) of fiscal year ended September 30.

For the first half, some highlights include:

• Revenue turned out to be JPY 600 billion (US$5.70 billion), down 5.8% comparing to the same period in last year.
• Business segment profit registered to be JPY 55 billion (US$522.43 million), decreased 17.8% year-over-year
• Operating profit dropped 20.5% to JPY 5 billion (US$508.11 million)
• Profits before income taxes was of JPY 53 billion (US$508.11 million), down 21%.
• Profit for the period decreased 19.5% to JPY 40 billion(US$379.89 million)
• Profit for the period attributable to owners of the parent company decreased 19.3% to JPY 40 billion(US$379.89 million)

For Q2, some highlights include:

• Revenue reached JPY 88 billion (US$1.49 billion), JPY 2.38 billion (US$22.60 million) less than that from the same period in last year
• Gross profit was of JPY 48 billion (US$697.73 million), JPY 2.38 billion (US$22.60 million) less than that from the same period in last year
• Operating profit turned out to be JPY 26 billion (US$220.86 million), JPY 4.82 billion (US$45.78 million) more than that from the same period in last year
• Profit before income taxes was of JPY 18 billion (US$220.12 million), JPY 4.84 billion (US$45.97 million) more than that from same period in last year.

By segment, printing & solutions revenue was of JPY 177.95 billion (US$1.69 million) for the first half, while in Q2, revenue turned out to be JPY95.05 billion (US$902.81 million). Profit for the segment was of JPY 266.69 billion (US$2.53 billion) in the first half, and JPY14.79 billion (US$140.46 million) in Q2. In the segment, operating profit was of JPY 271.00 billion(US$2.57 billion) for the first half, and JPY 14.48 billion(US$137.49 million) in Q2.

On the same day, the OEM revised the consolidated results forecast for the fiscal year announced on August 4, 2020. According to Brother, reasons for the revision is due to the fact that for the current fiscal year, both sales and profit for the second half are now expected to exceed the previous forecasts.

Related:

• Brother Reports Decline in Q1

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