Brother Industries (6448) Q2 2025 earnings summary

Executive summary

• Sales revenue and business segment profit rose year-over-year, driven by strong Printing & Solutions business and favorable FX effects, but operating profit and net income declined due to FX losses.

• Comprehensive income dropped sharply by 82.1% to ¥13.2 billion, mainly due to negative foreign currency translation effects.

• Forecasts for sales revenue and profits were revised downward, mainly due to delayed recovery in the Machinery business.

Financial highlights

• Q2 sales revenue: ¥212.5B, up 6.7% year-over-year; business segment profit: ¥20.2B, up 14.9%.

• First half sales revenue: ¥427.2B, up 6.9% year-over-year; business segment profit: ¥43.0B, up 5.6%.

• First half operating profit: ¥38.5B, down 3.0% year-over-year; net income: ¥28.1B, down 2.6%.

• Gross profit improved to ¥191.1B from ¥173.6B year-over-year.

• Basic earnings per share decreased to ¥110.11 from ¥113.08 year-over-year.

Outlook and guidance

• FY2024 sales revenue forecast revised to ¥865.0B (down ¥15.0B from previous), business segment profit to ¥80.0B (down ¥8.0B), and operating profit to ¥76.0B (down ¥12.0B).

• Full-year revenue forecast for FY2025 is ¥865.0B, up 5.1% from the previous year.

• Operating profit is projected to surge 52.6% to ¥76.0B; profit attributable to owners is expected to rise 80.1% to ¥57.0B.

• Annual dividend forecast remains at ¥100 per share.