11.6% Revenue Growth in First Half of 2017

Originally written by Kathleen Wirth at wirthconsulting.org

Brother International of Japan reported results for its six-month financial period ending on September 30, 2017, with revenue up 11.6 percent to JP¥346 billion (US$3.03 billion) versus the same period a year earlier, with profits for the first half totaling JP¥23 billion, down 16 percent versus the same period a year earlier.

In the Printing and Solutions group, sales were up 2.0 percent, and sales revenue was up 2.2 percent, both versus the same period a year ago. Operating profit was JP¥20.3 billion (US$177 million), down 32.9 percent compared to the same period a year earlier.

According to Brother, for its printer group, sales in the small- and home office segment (SOHO) were strong in North America and Western Europe. Sales of both monochrome and color printers surpassed sales recorded for the previous year.

In the small and mid-size business segment, its managed print services (MPS) business for monochrome laser printers expanded mainly in Europe.

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