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Stellar First Half, Second Quarter for Brother, Increases Full-Year Forecast

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On November 9th, Brother Industries of Japan reported financial results for its second quarter and first six months (first half) of its fiscal year, with both ending on September 30, 2026.

In a nutshell, Brother had little to complain about. Although it was affected by soaring parts and materials prices (like most office hardware companies), profit increased significantly due to price adjustments and a U.S. tariff refund. Sales revenue also increased significantly due to strong performance in the Printing and Solutions business and the Machine Tools segment in the Machinery business. Brother also benefited from the consolidation of MUTOH as a subsidiary in the Industrial Print business, and positive foreign currency exchange-rate effects.

First Half

Brother’s first-half net revenue was ¥502.16 billion ($3.14 billion), up 13.5 percent year-over-year (YoY); operating profit was ¥81.95 billion ($512.94 million), up 114.9 percent YoY; and net income was ¥71.52 billion ($447.26 million), up 153.0 percent YoY.

Printing and Solutions Business

First-half net revenue for Brother’s Printing and Solutions business was ¥311.2 billion ($1.94 billion), up 12.86 percent YoY, and operating profit was ¥61.8 billion ($387.83 million), up 51.6  percent YoY.

Second Quarter

Brother’s second-quarter net revenue was ¥248.8 billion ($1.55 million), up 14.3 percent YoY; operating profit was ¥7.3 billion ($45.66 million), up 21.2  percent YoY; and net income was ¥21.6 billion ($135.11 million), up 30.5  percent YoY. 

Printing and Solutions Business

Second-quarter net revenue for Brother’s Printing and Solutions business was ¥151.5 billion ($947.70 million), up 8.61 percent YoY, and operating profit was ¥18.5 billion ($115.72 million), up 8.65 percent YoY.

Forecast

For its fiscal year that will end on March 31, 2027, Brother increased its forecast for net revenue and profit. The company is forecasting net revenue of ¥1,000.00 billion ($6.25 billion), up 11.9 percent YoY; operating profit of ¥105.00 billion ($656.98 million), up 34.8 percent YoY; and net income of ¥88.00 billion ($550.48 million), up 30.1 percent YoY.

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