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BROTHER INDUSTRIES, Net Income Forecast for the Fiscal Year Revised Upward by 15%, Highest in Four Terms

Mon Nov 10, 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 November 10th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) was 28.2 billion yen, a 0.4% increase compared to the same period last year.

In addition, the full-year forecast for consolidated net income has been revised upward 14.5%, from the previous forecast of 55.0 billion yen to 63.0 billion yen (compared to 54.7 billion yen in the previous period), increasing the growth rate from 0.4% to 15.0%, reaches new record high for the first time in four terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to expand 30.4% from the same period last year, reaching 34.7 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income increased 42.2% from the same period last year, reaching 16.5 billion yen. The operating profit margin improved from 7.9% in the same period last year to 10.1%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 399,632 39,727 40,999 28,901 113.1 78.1 Nov 7, 2023 IFRS
Apr - Sep, 2024 427,228 38,544 41,461 28,148 110.1 55.5 Nov 8, 2024 IFRS
Apr - Sep, 2025 437,777 38,723 40,479 28,271 111.3 48.2 Nov 10, 2025 IFRS
YoY +2.5% +0.5% -2.4% +0.4% +1.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 50 May 9, 2025 IFRS
Apr - Sep, 2025 Results 437,777 38,723 40,479 28,271 111.3 50 Nov 10, 2025 IFRS
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 875,000 73,000 75,000 55,000 218.7 100 May 9, 2025 IFRS
Mar, 2026 New 900,000 82,000 84,000 63,000 250.5 100 Nov 10, 2025 IFRS
Revision Rate +2.9% +12.3% +12.0% +14.5% +14.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 449,330 31,344 33,233 26,630 104.2 50 May 9, 2025 IFRS
Oct - Mar, 2025 Guidance 462,223 43,277 43,521 34,729 138.1 50 Nov 10, 2025 IFRS
YoY +2.9% +38.1% +31.0% +30.4% +32.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 822,930 49,792 52,523 31,645 123.8 84 May 9, 2024 IFRS
Mar, 2025 876,558 69,888 74,694 54,778 214.3 100 May 9, 2025 IFRS
Mar, 2026 Guidance 900,000 82,000 84,000 63,000 250.5 100 Nov 10, 2025 IFRS
YoY +2.7% +17.3% +12.5% +15.0% +16.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jan - Mar, 2025 217,799 5,808 6,585 4,371 17.1 2.7 May 9, 2025 IFRS
Apr - Jun, 2025 213,070 15,952 16,972 11,731 46.0 7.5 Aug 6, 2025 IFRS
Jul - Sep, 2025 224,707 22,771 23,507 16,540 65.1 10.1 Nov 10, 2025 IFRS
YoY +5.7% +36.0% +31.2% +42.2% +43.2%

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