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Brother sees revenue increases

Brother sees revenue increases

November 8, 2021

Brother has released its second quarter financial results for the fiscal year 2021.

Brother’s sales revenue for the reporting period was ¥176.5 billion ($1.56 billion/ €1.34 billion), an increase of 12.5% year-on-year. For the Printing & Solutions Business Segment (P&S), Brother saw sales revenues of ¥106.1 billion ($935 million/ €808 million), up 11.6% year-on-year.

Brother said that revenue increased despite the impact of supply restrictions as demand for small-size All-in-One and printers targeted at people working from home remained strong and the performance of consumables was firm.

For the half yearly results, Brother recorded sales revenue of ¥350.5 billion ($3.09 billion/ €2.67 billion), a year-on-year increase of 20.8%. For the first half of FY2021 the P&S segment saw sales revenue of ¥205.2 billion ($1.81 billion/ €1.56 billion).  

Brother revised its full year forecasts upwards, “in response to positive FX effects and higher profit in the P&S business, mainly in Q2”.

Categories : City News

Tags : Brother Business Financials OEM

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