Brother Industries (6448) Q3 2026 earnings summary

Executive summary

• Sales revenue for FY2025 Q3 rose 5.6% year-over-year to 237.3 billion yen, driven by positive FX effects and strong Machinery sales.

• Business segment profit declined 9.1% year-over-year due to changes in sales composition and higher SG&A and promotion expenses, mainly in Printing & Solutions.

• Net income attributable to owners increased 6.3% year-over-year, aided by tax effect adjustments in discontinued operations.

• Comprehensive income surged 39.1% year-over-year, driven by significant foreign exchange gains.

• The Network & Contents Business was classified as a discontinued operation from Q3 FY2025, with figures restated for comparability.

Financial highlights

• Q3 sales revenue: 237.3 billion yen (+5.6% YoY); business segment profit: 23.3 billion yen (-9.1% YoY); operating profit: 24.6 billion yen (-1.8% YoY).

• Nine-month YTD sales revenue: 661.0 billion yen (+4.0% YoY); business segment profit: 63.6 billion yen (-8.9% YoY); operating profit: 62.7 billion yen (+0.5% YoY).

• Net income YTD: 51.9 billion yen (+3.0% YoY); comprehensive income up 39.1% YoY.

• Basic earnings per share increased to 205.16 yen from 197.18 yen year-over-year.

• Total assets grew to 983.1 billion yen as of Dec. 31, 2025.

Outlook and guidance

• FY2025 sales revenue forecast revised to 885.0 billion yen (+1.7% YoY); business segment profit forecast at 80.0 billion yen (+1.9% YoY).

• Full-year FY2026 revenue is forecast at 885.0 billion yen, up 4.3% year-over-year; operating profit projected to rise 18.2% to 80.0 billion yen; net income forecast raised to 67.0 billion yen (+6.4% YoY).

• Dividend per share is forecast to remain at 100 yen.

• Exchange rate assumptions updated to 1 USD = 150 yen, 1 EUR = 175 yen.

• U.S. tariff impacts expected to be fully offset by price adjustments and cost controls.