Brother Industries (6448) Q4 2026 earnings summary

Executive summary

• Achieved record sales revenue of 893.5 billion yen in FY2025, up 5.3% year-over-year, with net income attributable to owners reaching 67.6 billion yen, a 23.5% increase, driven by strong hardware and consumables sales and positive FX effects.

• Comprehensive income surged 136.7% year-over-year to 115.7 billion yen.

• The N&C business was classified as discontinued operations from Q3 FY2025; figures have been reclassified for comparison.

• FY2026 guidance anticipates further growth, with sales revenue forecast at 910.0 billion yen (+1.9% YoY) and business segment profit at 85.0 billion yen (+1.6% YoY).

• Major share repurchase and cancellation were approved to enhance shareholder value.

Financial highlights

• FY2025 sales revenue: 893.5 billion yen (+5.3% YoY); business segment profit: 83.6 billion yen (+10.8% YoY); operating profit: 77.9 billion yen (+15.0% YoY); net income: 67.6 billion yen (+23.5% YoY).

• Q4 FY2025 saw sales revenue of 232.5 billion yen (+10.4% YoY) and net income of 15.7 billion yen (+259.1% YoY).

• Basic earnings per share increased from 214.27 yen to 268.10 yen year-over-year.

• Free cash flow for FY2025 was 68.0 billion yen; operating cash flow 111.0 billion yen.

• Total assets grew to 1,018.8 billion yen as of March 31, 2026.

Outlook and guidance

• FY2026 sales revenue forecast at 910.0 billion yen (+1.9% YoY); business segment profit at 85.0 billion yen (+1.6% YoY); operating profit at 85.0 billion yen (+9.2% YoY); net income at 72.0 billion yen (+6.4% YoY).

• Basic earnings per share forecast to rise to 289.21 yen.

• Risks from Middle East instability, rising parts/materials costs, and U.S. tariff changes are factored into guidance.

• Growth investments under the CS B2027 strategy will continue, focusing on industrial business expansion.

• Assumed currency rates for FY2027: US$ = 150.00 yen, EUR = 180.00 yen.