Brother Industries (6448) Q1 2025 earnings summary

Executive summary

• Sales revenue for FY2024 Q1 rose 7.1% year-over-year to 214.7 billion yen, driven by positive foreign exchange effects despite lower sales in the Printing & Solutions (P&S) business and higher SG&A expenses.

• Operating profit decreased slightly by 1.0% year-over-year to 21.8 billion yen.

• Net income attributable to the parent company increased 1.7% year-over-year to 16.5 billion yen.

• Comprehensive income declined 10.1% year-over-year to 48.87 billion yen.

Financial highlights

• Gross profit increased to 96.79 billion yen from 87.91 billion yen year-over-year.

• Business segment profit was flat year-over-year at 22.8 billion yen, as FX gains and lower logistics costs were offset by weaker P&S sales and increased SG&A.

• Basic earnings per share rose to 64.62 yen from 63.55 yen year-over-year.

• Total assets grew to 937.39 billion yen as of June 30, 2024.

• Equity attributable to owners rose to 704.09 billion yen, with a ratio of 75.1%.

Outlook and guidance

• FY2024 full-year forecast remains unchanged: sales revenue projected at 880 billion yen (+6.9%), business segment profit at 88 billion yen (+16.4%), and net income at 63 billion yen (+99.1%).

• Operating profit is projected to rise 76.7% to 88 billion yen.

• Basic EPS forecast is 246.48 yen, with a planned dividend of 100 yen per share.