Brother Reports Mixed Results for Q3

Brother Reports Mixed Results for Q3

In the third quarter of the fiscal year 2022 (Q3, 2022) ending March 31, 2023, Brother sales revenue turned out to be JP￥216.8 billion (US$1.7 billion), up 17.5% year-over-year, mainly due to positive special effects resulting from the weaker yen.

In Q3, business segment profit was JP￥16 billion (US$118.9 million), down 31.8% year-over-year, due to factors such as the lower gross profit caused by decreased sales of consumables in the P&S business, and an increase in the SG&A, and parts and materials costs.

Some other highlights regarding Brother’s performance in Q3 include:

• Operating profit decreased 13.3% year-over-year to JP￥215 billion (US$1.6 billion)
• Net income attributable to parent company was JP￥127 billion (US$969.3 million), down 27.1% year-over-year
• Income before tax was reduced 13% year-over-year to JP￥219 billion (US$1.7 billion)

By segment, P&S business unit sales revenue increased JP￥188 billion (US$1.4 billion) to JP￥1337 billion (US$10.2 billion) in Q3, while the business segment profit reduced JP￥87 billion (US$664.1 million ) to JP￥91 billion (US$694.5 million). Operating profit decreased JP￥77 billion (US$587.7 million ) to JP￥102 billion (US$778.5 ).

Related:

• Brother Reports Mixed Results for Q2 and H1
• Brother Rolls Out Value Subscription Program
• Brother Slovakia Certified Carbon Neutral
• Brother Releases New Additions to its INKvestment Tank Range
• Brother Reports Significant Profit Growth in Q1, 2022

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