Brother Industries (6448) Q2 2026 earnings summary

Executive summary

• Sales revenue and profit rose in Q2 FY2025, driven by strong performance in Printing & Solutions (P&S) and Machinery segments, with significant gains from fixed asset sales.

• Revenue for the six months ended Sep. 30, 2025 increased by 2.5% year-over-year to ¥437,777 million.

• Operating profit surged 36.0% year-over-year in Q2, aided by one-time gains, while first-half operating profit was ¥38,723 million, up 0.5%.

• Comprehensive income surged 195.4% year-over-year to ¥39,013 million, driven by favorable exchange differences.

• Full-year forecasts for sales and profits were revised upward, reflecting robust first-half results and favorable exchange rates.

Financial highlights

• Q2 FY2025 sales revenue: ¥224.7 billion, up 5.7% year-over-year.

• Q2 operating profit: ¥22.8 billion, up 36.0% year-over-year, including ¥2.3 billion gain on fixed asset sales.

• Q2 net income: ¥16.5 billion, up 42.2% year-over-year.

• First half FY2025 sales revenue: ¥437.8 billion, up 2.5% year-over-year; net income: ¥28.3 billion, up 0.4%.

• Basic earnings per share increased to ¥111.30 from ¥110.11 year-over-year.

Outlook and guidance

• FY2025 sales revenue forecast raised to ¥900 billion; operating profit forecast raised to ¥82 billion.

• Net income forecast increased to ¥63 billion, up 15% year-over-year.

• Basic earnings per share forecast is ¥252.02, with annual dividends maintained at ¥100.00 per share.

• Forecast includes gains from the transfer of the Karaoke Club business and fixed asset sales.

• Tariff impacts expected to be fully offset by price adjustments and cost controls.