Profitable Quarter for Brother

According to the report, the company’s sales revenues in Q3 increased 12.7% to JPY ¥187.8 billion (US$1.72 billion).

The increase partly due to the positive effects from exchange rates and the lower value of the yen. Within the increase, approximately JPY ¥ 10.6 billion (US$97 million) was an growth in real terms excluding the effects of foreign exchange rates.

Business segment profit increased JPY ¥ 7.7 billion (US$70.4 million) to JPY ¥22.4 billion (US$205.6 million), compared to the same period of 2016, while operating profit was JPY ¥21.8 billion (US$200.1 million), up JPY ¥10.6 billion (US$97.3 million) year-on-year.

The OEM said trends remain nearly unchanged from the first half, and the business environment for printing, primarily targeting the SOHO market, is stable.

Moreover, cost reductions resulted in a JPY ¥700 million (US$6.43 million) decrease in profit, but the effects were almost entirely in the P&S Business.

With regard to the sales of communications and printing equipment, it had increased 5.9% to JPY ¥98.5 billion (US$904.2 million) on a local currency basis.

The report indicated that demand for compact black-and-white laser printers targeting SOHO users was high, and global sales were strong. Besides, sales of color laser printers continued to grow at a rapid pace in the United States and Western Europe.

Concerning inkjet multi-function printers, the shift to ink-tank models in emerging nations is continuing, while the market in the United States and Western Europe is shrinking, and sales were down. Besides, demand for consumables was weak in the Americas but was generally firm in other regions.

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