Brother Industries (6448) Q4 2025 earnings summary

Executive summary

• Sales revenue for FY2024 reached a record high of 876.6 billion yen, up 6.5% year-over-year, driven by steady hardware and consumables sales in P&S and growth in Machinery, P&H, and Domino businesses, with positive FX effects.

• Operating profit surged 40.4% year-over-year to 69.9 billion yen, mainly due to the absence of prior year impairment losses in the Domino business.

• Net income attributable to owners of the parent increased 73.1% year-over-year to 54.8 billion yen.

• Comprehensive income declined 44.9% year-over-year to 48.9 billion yen, mainly due to negative foreign currency translation effects.

• Annual dividend for FY2024 is planned at 100 yen per share, a 16 yen increase, with a similar dividend planned for FY2025 and share repurchases up to 20 billion yen.

Financial highlights

• FY2024 sales revenue: 876.6 billion yen (+6.5% YoY); business segment profit: 77.7 billion yen (+2.8% YoY); operating profit: 69.9 billion yen (+40.4% YoY); net income: 54.8 billion yen (+73.1% YoY).

• Q4 FY2024 sales revenue: 217.8 billion yen (+3.6% YoY); business segment profit: 8.5 billion yen (-38.9% YoY); operating profit: 5.8 billion yen (returned to positive from -11.3 billion yen YoY).

• Free cash flow for FY2024 was 41.8 billion yen; operating cash flow 90.0 billion yen; investing cash flow -48.2 billion yen; financial cash flow -34.6 billion yen.

• Basic earnings per share increased from 123.81 yen to 214.27 yen year-over-year.

• Total assets grew to 932.7 billion yen as of March 31, 2025.

Outlook and guidance

• FY2025 sales revenue forecast: 875.0 billion yen (-0.2% YoY); business segment profit: 75.0 billion yen (-3.5% YoY); operating profit: 73.0 billion yen (+4.5% YoY); net income: 55.0 billion yen (+0.4% YoY).

• Negative FX effects and U.S. tariff policy impacts are factored into FY2025 guidance, with countermeasures planned to limit profit impact.

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

• Growth investments will continue, focusing on industrial areas, especially Machinery, while maintaining profitability in P&S.