Despite of a large negative impact of the appreciation of Japanese yen, Brother’s profit increased significantly due to the solid global growth of its printing and solutions business.
So says Brother International’s financial report for fiscal year 2016 that ended on March 31, 2017.
Some highlights about the financial report include:
- Sales revenue totaled 6,412 million yen (US$ 56.4 million), down 6.0% compared to the previous fiscal year;
- Operating profit increased 0.9% to reach 592 million yen (US$5.2 million), while operating profit for printing and solutions registered 455 million yen (US$4.0 million), a 16.7% increase compared to the previous fiscal year;
- Net income reached 442 million yen (US$ 3.89 million), up 14.6%;
- Sales revenue for the Printing and Solutions group for the year was 3,836 million yen (US$ 33.74 million), down 7.6%;
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