Brother: Sales revenue up, profits down

February 9, 2023

The company has released its third quarter financials for fiscal year 2022, which is ending 31 March 2023.

Sales revenue for the period was recorded as ¥216.8 billion, up 17.5% year-on-year. The positive FX effects contributed greatly to this positive result, Brother said. Profits for the period was ¥16 billion, down 31.8% year-on-year.

Business profits were greatly affected by the “by the lower consumables to hardware ratio and decreased sales of consumables mainly in the P&S business”, Brother explained. Sales revenue of the P&S business segment ¥133.7 billion, up ¥188 million year-on-year.

The forecasts for both sales revenue and profit have been revised downward in response to lower-than-expected results in the third quarter and revised plans for the fourth quarter mainly in the P&S business.