Brother Industries, Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017
May 09, 2016 at 11:00 am EDT
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Brother Industries, Ltd. reported consolidated earnings results for the year ended March 31, 2016. For the year, the company reported net sales of ¥745,888 million compared to ¥707,237 million, operating income of ¥47,276 million compared to ¥57,541 million, net income attributable to owners of the company of ¥31,017 million or ¥119.19 per diluted share compared to ¥53,969 million or ¥206.24 per diluted share for the last year. Net cash provided by operating activities was ¥49,241 million compared to ¥58,021 million, income before income taxes was ¥49,346 million compared to ¥65,399 million, purchases of property, plant and equipment was ¥32,025 million compared to ¥23,784 million and purchases of intangible assets was ¥6,957 million compared to ¥7,179 million for the last year. Capital expenditure was ¥39,976 million compared to ¥34,064 million for the last year.
The company provided earnings guidance for the year ending March 31, 2017. For the year, the company expected sales revenue of ¥657,500 million, operating income of ¥45,000 million, profit before tax of ¥45,000 million, profit attributable to owners of the company of ¥31,500 million or ¥121.32 per basic share, capital expenditure of ¥37,600 million and depreciation and amortization of ¥37,700 million.
Brother Industries Ltd is a Japan-based company mainly engaged in the manufacture and sale of office equipment and supplies. The Company operates in six business segments. The Printing and Solutions segment manufactures and sells communication and printing equipment like printers, multifunction devices and electronic stationery, among others. The Personal and Home segment is engaged in the manufacture and sale of household sewing machines. The Machinery segment manufactures and sells industrial sewing machines, garment printer, machine tools, reducers and gears, among others. The Network and Contents segment is involved in the manufacture, sale and service of commercial karaoke equipment, as well as the provision of contents delivery services. The Domino segment is engaged in the manufacture and sale of industrial printing equipment. The Others segment is involved in the real estate business.
Brother Industries, Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017