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BROTHER INDUSTRIES, Apr-Dec (Cumulative 3Q) Net Income Increases by 8%

Thu Feb 6, 2025 3:30 pm JST Earnings

6448 BROTHER INDUSTRIES LTD. 【IFRS】

Earnings Report

BROTHER INDUSTRIES LTD. <6448> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 6th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 8.1% from the same period last year, reaching 50.4 billion yen. The progress rate toward the full-year plan of 57 billion yen was 88.4%, it was below the five-year average of 124.8%.

Based on the cumulative third-quarter performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income/loss for the January to March period (4Q) is expected to turn into a profit of 6.59 billion yen (compared to a loss of 14.9 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated net income grew 25.7% from the same period last year, reaching 22.2 billion yen. The operating profit margin rose from 10.0% in the same period last year to 11.0%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 613,474 59,011 60,130 42,976 167.8 105.6 Feb 7, 2023 IFRS
Apr - Dec, 2023 612,766 61,082 63,314 46,614 182.4 120.5 Feb 6, 2024 IFRS
Apr - Dec, 2024 658,759 64,080 68,109 50,407 197.2 85.1 Feb 6, 2025 IFRS
YoY +7.5% +4.9% +7.6% +8.1% +8.1%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 437,772 37,456 38,539 28,852 112.9 50 Nov 8, 2024 IFRS
Oct - Mar, 2024 New 447,772 37,456 38,539 28,852 112.9 50 Feb 6, 2025 IFRS
Revision Rate +2.3% 0.0% 0.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 865,000 76,000 80,000 57,000 223.0 100 Nov 8, 2024 IFRS
Mar, 2025 New 875,000 76,000 80,000 57,000 223.0 100 Feb 6, 2025 IFRS
Revision Rate +1.2% 0.0% 0.0% 0.0% 0.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 423,298 10,065 11,524 2,744 10.7 50 May 9, 2024 IFRS
Oct - Mar, 2024 Guidance 447,772 37,456 38,539 28,852 112.9 50 Feb 6, 2025 IFRS
YoY +5.8% +272.1% +234.4% +951.5% +950.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 815,269 55,378 56,953 39,082 152.7 68 May 8, 2023 IFRS
Mar, 2024 822,930 49,792 52,523 31,645 123.8 84 May 9, 2024 IFRS
Mar, 2025 Guidance 875,000 76,000 80,000 57,000 223.0 100 Feb 6, 2025 IFRS
YoY +6.3% +52.6% +52.3% +80.1% +80.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 213,134 21,355 22,315 17,713 69.3 10.0 Feb 6, 2024 IFRS
Jan - Mar, 2024 210,164 -11,290 -10,791 -14,969 -58.6 -5.4 May 9, 2024 IFRS
Apr - Jun, 2024 214,718 21,802 23,542 16,520 64.6 10.2 Aug 6, 2024 IFRS
Jul - Sep, 2024 212,510 16,742 17,919 11,628 45.5 7.9 Nov 8, 2024 IFRS
Oct - Dec, 2024 231,531 25,536 26,648 22,259 87.1 11.0 Feb 6, 2025 IFRS
YoY +8.6% +19.6% +19.4% +25.7% +25.6%

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