This document is a summary translation of the Japanese language original version. In the event of any discrepancy,
errors and/or omissions, the Japanese language version shall prevail.
May 9, 2017
Highlights of Consolidated Results for Fiscal Year ended March 31, 2017
Millions of yen
(except for per share amounts)
Sales revenue
Operating profit
Profit before income taxes
Profit for the period
Year ended
Year ended
March 31,
March 31,
Y
Profit for the period attributable to owners of the parent company
Profit for the period attributable to owners of the parent company ratio
Comprehensive income for the period
Y
Basic earnings per share for the period (yen)
Diluted earnings per share for the period (yen)
Y
Dividends per common share (yen)
2017
641,185
Y
59,152
61,257
47,440
47,242
13.9 %
21,260
Y
181.96
181.46
2016
682,119
58,640
57,192
41,610
41,238
12.1 %
(7,231)
Y
Change
(%)
-6.0
0.9
7.1
14.0
14.6
-
158.83
158.47
42.00
36.00
As of
Total assets
Total equity
Equity attributable to owners of the parent company
Equity attributable to owners of the parent company ratio
Equity attributable to owners of the parent company per share
Net cash provided by operating activities
Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities
Cash and cash equivalents at end of period
As of
March 31,
March 31,
2017
2016
Y
674,107
Y
675,301
361,709
349,986
345,061
333,440
51.2 %
49.4 %
Y 1,328.97
Y
1,284.27
Year ended
Year ended
March 31,
March 31,
Y
2017
99,155
(23,271)
(30,389)
112,032
2016
51,304
(216,997)
134,317
67,387
Y
Highlights of Consolidated Forecast for Fiscal Year ending March 31, 2018
Millions of yen
(except for per share amounts)
Sales revenue
Business segment profit
Operating profit
Profit for the period attributable to owners of the parent company
Basic earnings per share for the period (yen)
Dividends per common share (yen)
[Forecast]
Year ending
March 31,
2018
Y
655,000
60,000
60,000
43,000
Year ended
March 31,
2017
Y
641,185
60,759
59,152
47,242
Y
Y
165.61
48.00
Change
(%)
2.2
-1.2
1.4
-9.0
181.96
42.00
(Note) Business segment profit is calculated by subtracting cost of sales and selling, general and administrative expenses from revenue.
Notes:
1) The financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS).
2) Amounts less than 1 million yen have been rounded down.
3) Yen amounts for the year ended March 31, 2017 have been translated into U.S. dollars for convenience only, at a uniform rate of US$1=112.00 yen,
in the accompanying consolidated financial statements.
4) Operating results for the year ended March 31, 2017 are based on the following currency exchange rates:
Actual average rates for the year ended March 31, 2017: US$=109.03 yen, EURO=119.37 yen
Forecasts for the year ending March 31, 2018 are based on the following currency exchange rates:
Assumed average rates for the year ending March 31, 2018: US$=108.00 yen, EURO=116.00 yen
5) Number of shares outstanding (including treasury stock): 277,535 thousands as of March 31, 2017, 277,535 thousands as of March 31, 2016
Number of treasury stock outstanding: 17,889 thousands as of March 31, 2017, 17,901 thousands as of March 31, 2016
Number of weighted average shares (full year): 259,635 thousands during the period ended March 31, 2017, 259,629 thousands during the period ended March 31, 2016
The above-mentioned forecasts are the results of estimations based on outlook for economic environment and predictions at the time of this announcement.
The actual results of business performance may sometimes differ from these forecasts due to various factors.
1
CONSOLIDATED BALANCE SHEET
Thousands of
U.S. dollars
Millions of yen
(Transition date)
As of
April 1,
2015
Assets
Current assets
Cash and cash equivalents
Trade and other receivables
Other financial assets
Inventories
Other current assets
Subtotal
Non-current assets held for sale
Total current assets
Non-current assets
Property, plant and equipment
Investment property
Goodwill and intangible assets
Investments accounted for using
the equity method
Other financial assets
Deferred tax assets
Other non-current assets
Total non-current assets
Total assets
Liabilities and Equity
Liabilities
Current liabilities
Trade and other payables
Bonds and borrowings
Other financial liabilities
Income taxes payable
Provisions
Other current liabilities
Subtotal
Liabilities directly associated with non-current
assets classified as held for sale
Total current liabilities
Non-current liabilities
Bonds and borrowings
Other financial liabilities
Retirement benefit liabilities
Provisions
Deferred tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities
Equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Other components of equity
Total equity attributable to owners of the
parent company
Non-controlling interests
Total equity
Total liabilities and equity
Y
Y
Y
As of
March 31,
2016
105,347
96,404
9,367
121,982
13,366
346,468
385
346,854
As of
March 31,
2017
2017
67,387
94,750
16,100
126,542
15,383
320,164
320,164
Y
112,032
96,112
9,701
112,432
14,701
344,980
245
345,225
$
1,000,286
858,143
86,616
1,003,857
131,259
3,080,179
2,188
3,082,366
117,453
7,609
17,954
128,920
6,907
168,117
120,767
6,646
147,012
1,078,277
59,339
1,312,607
1,343
1,437
1,506
13,446
42,753
17,618
7,871
212,604
559,458
26,881
16,872
6,000
355,137
Y 675,301
Y
29,640
16,691
6,617
328,881
674,107
264,643
149,027
59,080
2,936,438
6,018,813
73,817
10,494
7,787
14,449
5,351
42,442
154,342
Y
Y
-
Y
Y
As of
March 31,
62,139
20,701
2,558
2,888
6,889
46,550
141,728
-
66,268
20,509
3,053
6,461
5,691
50,350
152,337
$
$
591,679
183,116
27,259
57,688
50,813
449,554
1,360,152
20
179
154,342
141,728
152,357
1,360,330
4,705
5,858
19,564
3,701
2,601
2,848
39,279
193,622
137,786
11,754
17,033
2,852
11,212
2,947
183,586
325,315
117,082
10,969
17,612
3,376
7,843
3,154
160,040
312,398
1,045,375
97,938
157,250
30,143
70,027
28,161
1,428,929
2,789,268
19,209
17,200
331,165
(24,224)
6,110
19,209
17,321
363,864
(24,225)
(42,729)
19,209
17,455
407,843
(24,230)
(75,216)
171,509
155,848
3,641,455
(216,339)
(671,571)
349,460
333,440
345,061
3,080,902
16,375
365,835
559,458
16,545
349,986
Y 675,301
16,647
361,709
674,107
148,634
3,229,545
6,018,813
2
Y
$
CONSOLIDATED STATEMENT OF PROFIT OR LOSS
Thousands of U.S.
dollars
Millions of yen
Sales revenue
Year ended
Year ended
Year ended
March 31,
March 31,
March 31,
2016
2017
2017
Y
Cost of sales
Gross profit
Selling, general and administrative expenses
Other income
682,119
Y
641,185
$
5,724,866
(400,023)
(368,016)
(3,285,857)
282,095
273,169
2,439,009
(227,161)
(212,410)
(1,896,518)
9,317
3,647
32,563
Other expenses
(5,611)
(5,253)
(46,902)
Operating profit
58,640
59,152
528,143
Finance income
5,315
3,600
32,143
(6,729)
(1,648)
(14,714)
Finance costs
(33)
152
1,357
57,192
61,257
546,938
(15,581)
(13,817)
(123,366)
41,610
47,440
423,571
41,238
47,242
421,804
372
198
1,768
Equity in earnings of associates
Profit before income taxes
Income tax expenses
Profit for the period
Profit attributable to:
Owners of the parent company
Non-controlling interests
Profit for the period
Y
Earnings per share:
41,610
Y
Yen
Basic earnings per share
Y
Diluted earnings per share
158.83
158.47
3
47,440
Yen
Y
181.96
181.46
$
423,571
U.S. dollars
$
1.62
1.62
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
Thousands of U.S.
dollars
Millions of yen
Profit for the period
Year ended
Year ended
Year ended
March 31,
March 31,
March 31,
2016
2017
2017
Y
41,610
Y
47,440
$
423,571
Other comprehensive income
Items that will not be reclassified to profit or loss
Equity instruments measured at fair value
through other comprehensive income
Remeasurement of net defined benefit liability
(asset)
Share of other comprehensive income of
associates accounted for using the equity
method
-
Subtotal
2,689
24,009
40
63
563
(6)
(21)
(188)
34
Items that may be reclassified to profit or loss
Unrealized gains (losses) on available-for sale
securities
2,730
(2,972)
Cash flow hedges
Cumulative translation differences of foreign
operations
24,375
-
247
-
38
339
(46,151)
(28,948)
(258,464)
Subtotal
Other comprehensive income after tax
for the period
(48,876)
(28,909)
(258,116)
(48,842)
(26,179)
(233,741)
Comprehensive income for the period
(7,231)
21,260
189,821
(7,561)
20,983
187,348
277
2,473
Comprehensive income for the period
attributable to:
Owners of the parent company
Non-controlling interests
330
Comprehensive income for the period
Y
4
(7,231)
Y
21,260
$
189,821
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Year ended March 31, 2016
Millions of yen
Equity attributable to owners of the parent company
Other components of equity
Capital
stock
Balance at April 1, 2015
Profit for the period
Other comprehensive income
Total comprehensive income for the
period
Purchase of treasury stock
Disposal of treasury stock
Dividends
Share-based payment transactions
Increase(decrease) due to newly
consolidated subsidiaries
Reclassification to retained earnings
Total transactions with the owners
Balance at March 31, 2016
Capital
surplus
Total equity
attributable
Remeasurement Total other
of net defined
to owners of
components
benefit liability
the parent
of equity
(asset)
company
Retained
earnings
Treasury
stock
331,165
41,238
-
(24,224)
-
(46,083)
(447)
247
6,557
(3,003)
39
6,110
(48,800)
349,460
41,238
(48,800)
-
(46,083)
247
(3,003)
39
(48,800)
(7,561)
330
(7,231)
(195)
-
(8)
8
(8,774)
120
Cash flow
hedges
19,209
-
17,200
-
-
-
-
0
120
(8,579)
-
(8)
7
-
-
-
-
-
-
(8)
8
(8,579)
120
-
-
-
-
-
-
-
-
-
-
19,209
121
17,321
39
(8,539)
363,864
(0)
(24,225)
(46,083)
(200)
3,554
(39)
(39)
-
(39)
(39)
(42,729)
(8,458)
333,440
41,238
Year ended March 31, 2017
Noncontrolling
interests
16,375
372
(42)
35
(159)
16,545
Total
equity
365,835
41,610
(48,842)
35
(8,618)
349,986
Millions of yen
Equity attributable to owners of the parent company
Other components of equity
Capital
stock
Balance at Mach 31, 2016
Accumulated impact by the application of
new accountingg standards
Balance at April 1, 2016
Profit for the period
Other comprehensive income
Total comprehensive income for the
period
Purchase of treasury stock
Unrealized
gains
(losses) on
available-for
sale
securities
Cumulative
translation
differences
of foreign
operations
Capital
surplus
19,209
17,321
Equity
Total equity
instruments
attributable
Remeasurement Total other
measured at
of net defined
to owners of
fair value
components
benefit liability
the parent
through other
of equity
(asset)
company
comprehensive
income
Unrealized
gains
(losses) on
available-for
sale
securities
Retained
earnings
Treasury
stock
Cumulative
translation
differences
of foreign
operations
363,864
(24,225)
(46,083)
(200)
3,420
-
-
(24,225)
-
Cash flow
hedges
333,440
Noncontrolling
interests
16,545
Total
equity
3,554
-
-
(42,729)
349,986
-
(3,554)
-
-
(3,554)
(133)
44
(88)
(46,083)
(28,971)
(200)
38
-
2,644
30
(46,284)
(26,258)
333,307
47,242
(26,258)
16,589
198
79
349,897
47,440
(26,179)
-
(28,971)
38
-
2,644
30
(26,258)
20,983
-
-
19,209
-
17,321
-
-
-
-
-
-
(26)
-
-
-
-
-
-
(26)
-
(26)
Disposal of treasury stock (including
disposal of stock options exercised)
-
(9)
-
22
-
-
-
-
-
-
12
-
12
Dividends
Stock-based payment transactions
Reclassification to retained earnings
Other increases (decreases)
Total transactions with the owners
Balance at March 31, 2017
19,209
143
133
17,455
(9,359)
2,674
0
(6,684)
407,843
(75,055)
(161)
-
(2,644)
(2,644)
-
(30)
(30)
-
(2,674)
(2,674)
(75,216)
367,285
47,242
47,242
(4)
(24,230)
Capital
stock
Capital
surplus
Retained
earnings
Treasury
stock
Cumulative
translation
differences of
foreign
operations
171,509
154,652
3,248,786
(216,295)
(411,455)
(1,786)
30,536
-
-
3,279,330
421,804
(216,295)
-
(411,455)
(258,670)
-
(258,670)
171,509
(9,575)
143
(3)
(9,449)
361,709
154,652
Equity
Total equity
instruments
attributable to
measured at fair Remeasurement of Total other
owners of the
value through net defined benefit components of
parent
liability (asset)
other
equity
company
comprehensive
income
Unrealized
gains (losses)
on availablefor sale
securities
Cash flow
hedges
NonTotal equity
controlling
interests
31,732
-
-
(381,509)
-
(31,732)
-
-
(31,732)
(1,188)
393
(786)
(1,786)
339
-
-
-
23,607
268
(413,250)
(234,446)
2,975,955
421,804
(234,446)
148,116
1,768
705
3,124,080
423,571
(233,741)
-
23,607
268
(234,446)
187,348
2,977,143
147,723
3,124,875
-
-
-
-
-
-
-
(232)
-
-
-
-
-
-
(232)
-
(232)
-
(80)
-
196
-
-
-
-
-
-
107
-
107
-
(83,563)
23,875
0
(59,679)
3,641,455
(670,134)
(1,438)
-
(23,607)
(23,607)
-
(268)
(268)
-
(23,875)
(23,875)
(671,571)
Disposal of treasury stock (including
disposal of stock options exercised)
Dividends
Stock-based payment transactions
Reclassification to retained earnings
Other increases (decreases)
Total transactions with the owners
Balance at March 31, 2017
(215)
(3)
(219)
16,647
21,260
Thousands of U.S. dollars
Equity attributable to owners of the parent company
Other components of equity
Year ended March 31, 2017
Balance at March 31, 2016
Accumulated impact by the application of
new accountingg standards
Balance at April 1, 2016
Profit for the period
Other comprehensive income
Total comprehensive income for the
period
Purchase of treasury stock
(9,359)
143
0
(9,229)
345,061
277
171,509
1,277
1,188
155,848
421,804
(36)
(216,339)
339
5
(83,563)
1,277
0
(82,402)
3,080,902
2,473
189,821
(1,920)
(27)
(1,955)
148,634
(85,491)
1,277
(27)
(84,366)
3,229,545
CONSOLIDATED STATEMENT OF CASH FLOWS
Thousands of
U.S. dollars
Millions of yen
Year ended
March 31,
2016
Cash flows from operating activities
Profit before income taxes
Depreciation and amortization
Finance costs (income)
Equity in loss (earnings) of associates
Loss (gain) on sales and disposal of fixed assets
Decrease (increase) in trade and other receivables
Decrease (increase) in inventories
Increase (decrease) in trade and other payables
Decrease (increase) in retirement benefit assets
Increase (decrease) in retirement benefit liabilities
Other, net
Subtotal
Interest received
Dividend received
Interest paid
Income taxes paid
Net cash provided by operating activities
Y
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Purchase of investments in equity instruments
Proceeds from sales of equity instruments
Purchase of investments in debt instruments
Proceeds from sales or redemption of debt instruments
Acquisition of business
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Proceeds from short-term debt
Repayments of short-term borrowings
Proceeds from long-term debt
Repayments of long-term borrowings
Proceeds from issuance of bonds
Repayments of lease obligations
Dividends paid
Dividends paid to non-controlling interests
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate changes on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period
6
Y
57,192
34,934
1,414
33
(871)
8,225
(6,720)
(10,206)
2,210
(1,964)
(5,760)
78,486
1,012
381
(823)
(27,752)
51,304
Y
(32,017)
1,358
(8,864)
(637)
2,964
(2,599)
8,273
(186,462)
988
(216,997)
Y
179,977
(175,000)
109,427
(10,236)
41,430
(1,993)
(8,579)
(195)
(514)
134,317
Y
(6,584)
(37,960)
105,347
67,387
Y
Year ended
March 31,
Year ended
March 31,
2017
2017
Y
61,257
33,811
(1,952)
(152)
761
(2,962)
9,609
5,748
(523)
1,321
4,144
111,063
937
361
(1,130)
(12,076)
99,155
Y
(20,497)
542
(8,454)
(425)
2,292
(8,126)
12,371
(140)
(831)
(23,271)
Y
(6,361)
(12,312)
(1,878)
(9,359)
(215)
(261)
(30,389)
Y
(849)
44,645
67,387
112,032
$
$
546,938
301,884
(17,429)
(1,357)
6,795
(26,446)
85,795
51,321
(4,670)
11,795
37,000
991,634
8,366
3,223
(10,089)
(107,821)
885,313
$
(183,009)
4,839
(75,482)
(3,795)
20,464
(72,554)
110,455
(1,250)
(7,420)
(207,777)
$
(56,795)
(109,929)
(16,768)
(83,563)
(1,920)
(2,330)
(271,330)
$
(7,580)
398,616
601,670
1,000,286
SEGMENT INFORMATION
Year ended March 31, 2016
Millions of yen
Reportable segments
Printing and
Solutions
Sales revenue
External revenue
Inter-segment revenue
Total sales revenue
Business segment profit
Other income (expenses)
Operating profit (loss)
Personal and
Home
415,020
50,990
-
415,020
33,551
5,465
39,017
Network and
Contents
Machinery
99,301
-
50,990
4,753
118
4,871
53,904
Domino
Others
48,321
-
-
-
99,301
11,408
(29)
11,379
53,904
2,175
(2,645)
(470)
48,321
3,839
(315)
3,523
14,582
14,119
28,701
1,180
1,113
2,294
S.total
682,119
14,119
696,239
56,909
3,706
60,615
Adjustments
Consolidated
(14,119)
(14,119)
(1,975)
(1,975)
682,119
682,119
54,934
3,706
58,640
(1,414)
Finance income (costs)
Equity in earnings of
associates
Profit before income taxes
(33)
57,192
Year ended March 31, 2017
Millions of yen
Reportable segments
Printing and
Solutions
Sales revenue
External revenue
Inter-segment revenue
Total sales revenue
Business segment profit
Other income (expenses)
Operating profit
Personal and
Home
383,628
44,409
Network and
Contents
Machinery
90,944
49,731
Domino
Others
59,354
-
-
-
-
383,628
45,654
(133)
45,520
44,409
2,038
(158)
1,880
90,944
6,177
(197)
5,980
49,731
2,213
(1,358)
854
59,354
4,177
189
4,366
13,117
14,621
27,738
697
52
749
S.total
641,185
14,621
655,806
60,958
(1,606)
59,352
Adjustments
Consolidated
(14,621)
(14,621)
(199)
(199)
641,185
Finance income (costs)
641,185
60,759
(1,606)
59,152
1,952
Equity in earnings of
associates
Profit before income taxes
152
61,257
Year ended March 31, 2017
Thousand of U.S. dollars
Reportable segments
Printing and
Solutions
Sales revenue
External revenue
Inter-segment revenue
Total sales revenue
Business segment profit
Other income (expenses)
Operating profit
3,425,250
3,425,250
407,625
(1,188)
406,429
Personal and
Home
396,509
396,509
18,196
(1,411)
16,786
Machinery
Network and
Contents
Domino
812,000
444,027
529,946
812,000
55,152
(1,759)
53,393
444,027
19,759
(12,125)
7,625
529,946
37,295
1,688
38,982
Others
117,116
130,545
247,661
6,223
464
6,688
S.total
5,724,866
130,545
5,855,411
544,268
(14,339)
529,929
Finance income (costs)
Adjustments
(130,545)
(130,545)
(1,777)
(1,777)
Consolidated
5,724,866
5,724,866
542,491
(14,339)
528,143
17,429
Equity in earnings of
associates
Profit before income taxes
1,357
546,938
Notes:
1) Brother changed its segments effective April 1, 2016.
Main products in each business segment are as follows:
Printing and Solutions Printers, All-in-Ones, Labeling Systems, Label Printers, Scanners, etc.
Personal and Home
Home Sewing Machines, Home Cutting Machines, etc.
Machinery
Industrial Sewing Machines, Garment Printers, Machine Tools, Reducers, Gears, etc.
Network and Contents Online Karaoke Systems, Management of Karaoke Cubs, Content Services, etc.
Domino
Cording & Marking Equipment, Digital Printing Equipment, etc.
Others
Real Estate, etc.
2) Business segment profit is calculated by subtracting cost of sales and selling, general and administrative expenses from revenue.
3) The figures for the previous year are presented following the above new classification.
7
Brother Industries, Ltd.
May 9, 2017
Supplementary Information for Fiscal Year Ended March 31, 2017
1-1. Consolidated results (annual results)
FY ended
Mar 31, 2016
results
FY ended
Mar 31, 2016
results
( w/o fx impact )
682,119
641,185
-6.0%
(+3.8%)
Business Segment Profit
Operating profit
54,934
58,640
60,759
59,152
10.6%
0.9%
41,238
120.16
132.36
47,242
109.03
119.37
-
8.6%
9.2%
-
Operating profit ratio (%)
Change
Sales Revenue
Net Income
Exchange rates
Yen-USD
Yen-EUR
1-2. Sales by business segment (annual results)
(Millions of yen)
FY ended
Mar 31, 2017
results
Printing &
Solutions
14.6%
Machinery
Communication and Printing
equipment
Electronic stationery
Total
Personal & Home
Industrial sewing machines
Machine tools
Industrial Part
Total
Network & Contents
* Operating profit ratio = Operating Profit / Sales Revenue
* Net Income = Profit for the period attributable to owners of the parent company
Domino
* "Exchange rates" are the rates used to convert financial statements of overseas subsidiaries into yen.
Others
Total
2-1．Consolidated results（quarterly results）
2nd Quarter
3rd Quarter
Change
338,562
-7.7%
2.5%
48,380
415,020
45,066
383,628
-6.9%
-7.6%
3.6%
2.6%
50,990
30,740
50,416
44,409
26,802
45,352
-12.9%
-12.8%
-10.0%
-3.2%
-2.4%
-5.5%
18,144
18,789
3.6%
6.2%
99,301
53,904
90,944
49,731
-8.4%
-7.7%
-2.4%
-7.5%
48,321
14,582
59,354
13,117
-10.0%
-10.1%
682,119
641,185
-6.0%
3.8%
(Millions of yen)
FY ended March31, 2017
4th Quarter
Total
(Apr to Jun 2015) (Jul to Sep 2015) (Oct to Dec 2015) (Jan to Mar 2016)
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
Total
(Apr to Jun 2016) (Jul to Sep 2016) (Oct to Dec 2016) (Jan to Mar 2017)
Sales Revenue
Business Segment Profit
164,142
15,301
177,384
11,766
181,312
18,150
159,279
9,715
682,119
54,934
157,528
20,140
152,742
14,531
166,596
14,736
164,318
11,351
641,185
60,759
Operating profit
Net Income
16,406
11,634
13,859
9,471
21,275
15,145
7,098
4,985
58,640
41,238
21,107
15,338
15,056
11,652
11,174
11,676
11,813
8,574
59,152
47,242
Yen-USD
121.34
121.91
121.07
116.95
120.16
109.07
102.91
108.72
113.76
109.03
Yen-EUR
Operating profit ratio (%)
133.86
10.0%
136.00
7.8%
132.37
11.7%
128.94
4.5%
132.36
8.6%
122.47
13.4%
114.59
9.9%
117.70
6.7%
120.81
7.2%
119.37
9.2%
Exchange rates
Change
( w/o fx impact )
366,639
(Millions of yen)
FY ended March, 31 2016
1st Quarter
(Millions of yen)
FY ended
Mar 31, 2017
results
* Operating profit ratio = Operating Profit / Sales Revenue
* Net Income = Profit for the period attributable to owners of the parent company
* "Exchange rates" are the rates used to convert financial statements of overseas subsidiaries into yen.
2-2．Sales Revenue by business segment （quarterly results）
(Millions of yen)
FY ended March, 31 2016
1st Quarter
2nd Quarter
3rd Quarter
FY ended March31, 2017
4th Quarter
Total
(Apr to Jun 2015) (Jul to Sep 2015) (Oct to Dec 2015) (Jan to Mar 2016)
Communications &
Printing equipment
Printing &
Electronic stationery
Solutions
Total
Personak & Home
Industrial sewing machines
Machine tools
Industrial Part
Total
Network & Contents
Domino
Others
Total
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
92,153
90,777
98,375
85,333
366,639
83,963
80,827
87,094
86,676
338,562
11,751
103,904
10,868
7,772
12,290
103,068
13,790
7,436
12,386
110,761
15,614
8,421
11,952
97,285
10,715
7,109
48,380
415,020
50,990
30,740
11,334
95,298
9,499
6,598
10,672
91,500
11,093
6,040
11,256
98,351
13,599
6,753
11,802
98,478
10,217
7,409
45,066
383,628
44,409
26,802
22,484
4,463
34,721
11,914
11,552
4,485
23,474
15,475
16,824
7,916
4,534
20,872
13,651
16,408
8,462
4,661
20,233
12,863
15,088
50,416
18,144
99,301
53,904
48,321
11,840
4,524
22,962
12,586
14,414
10,117
4,518
20,676
11,967
13,740
11,341
4,619
22,714
12,984
15,493
12,053
5,127
24,590
12,193
15,705
45,352
18,789
90,944
49,731
59,354
2,734
164,142
4,750
177,384
4,004
181,312
3,092
159,279
14,582
682,119
2,767
157,528
3,763
152,742
3,453
166,596
3,132
164,318
13,117
641,185
Machinery
-
2-3．Business Segment profit by business segment （quarterly results）
1st Quarter
2nd Quarter
3rd Quarter
FY ended March31, 2017
4th Quarter
Total
(Apr to Jun 2015) (Jul to Sep 2015) (Oct to Dec 2015) (Jan to Mar 2016)
G. total
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
Total
(Apr to Jun 2016) (Jul to Sep 2016) (Oct to Dec 2016) (Jan to Mar 2017)
10,290
691
4,014
1,854
12,312
1,866
6,932
340
33,551
4,753
16,934
-19
11,214
479
9,780
1,152
7,724
426
45,654
2,038
6,196
-290
2,339
1,090
1,935
710
937
665
11,408
2,175
1,879
411
1,022
570
1,269
891
2,006
339
6,177
2,213
190
-1,777
1,957
544
-35
1,012
351
-37
869
95
-124
3,839
1,180
-1,975
861
198
-125
1,065
196
-18
1,452
221
-31
798
80
-24
4,177
697
-199
15,301
11,766
18,150
9,715
54,934
20,140
14,531
14,736
11,351
60,759
-
総　(Millions of yen)
FY ended March, 31 2016
Printing & Solutions
Personal & Home
Machinery
Network & Contents
Domino
Others
Adjutment
Total
(Apr to Jun 2016) (Jul to Sep 2016) (Oct to Dec 2016) (Jan to Mar 2017)
*"Adjustment" for the first quarter of the FY ended March 31, 2016 is mainly costs associated with the share acquisition of Domino.
2-4．Operating profit by business segment
(Millions of yen)
FY ended March, 31 2016
1st Quarter
2nd Quarter
3rd Quarter
FY ended March31, 2017
4th Quarter
Total
(Apr to Jun 2015) (Jul to Sep 2015) (Oct to Dec 2015) (Jan to Mar 2016)
Printing & Solutions
Personal & Home
Machinery
Network & Contents
Domino
Others
Adjutment
G. total
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
Total
(Apr to Jun 2016) (Jul to Sep 2016) (Oct to Dec 2016) (Jan to Mar 2017)
11,021
741
5,275
1,880
15,065
1,945
7,653
304
39,017
4,871
17,908
10
12,387
485
5,752
1,033
9,471
349
45,520
1,880
6,325
-343
2,094
1,101
2,342
528
616
-1,756
11,379
-470
1,948
276
1,179
-264
1,392
808
1,459
34
5,980
854
438
1,785
1,756
1,093
337
644
-238
3,523
2,294
857
231
1,055
230
2,009
209
444
78
4,366
749
-1,777
16,406
-35
13,859
-37
21,275
-124
7,098
-1,975
58,640
-125
21,107
-18
15,056
-31
11,174
-24
11,813
-199
59,152
-
*"Adjustment" for the first quarter of the FY ended March 31, 2016 is mainly costs associated with the share acquisition of Domino.
2-5．Sales Revenue by geographic segment (quarterly results)
(Millions of yen)
FY ended March, 31 2016
1st Quarter
2nd Quarter
3rd Quarter
FY ended March31, 2017
4th Quarter
Total
(Apr to Jun 2015) (Jul to Sep 2015) (Oct to Dec 2015) (Jan to Mar 2016)
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
Total
(Apr to Jun 2016) (Jul to Sep 2016) (Oct to Dec 2016) (Jan to Mar 2017)
Japan
Americas
46,365
48,938
45,172
57,465
42,134
58,337
39,446
48,163
173,118
212,904
41,290
48,368
39,844
47,968
42,859
51,615
40,787
50,133
164,782
198,085
日
米
Europe
Asia and Others
37,604
31,234
41,293
33,453
50,451
30,389
46,066
25,604
175,414
120,681
39,066
28,803
38,218
26,710
42,762
29,359
42,736
30,661
162,783
115,534
欧
ア　ジ
G. total
164,142
177,384
181,312
159,279
682,119
157,528
152,742
166,596
164,318
641,185
総　1
Brother Industries, Ltd.
May 9, 2017
3-1．Cobsolidated results(annual)
(Millions of yen)
J-GAAP
FY ended
Mar 31, 2012
Net Sales（Sales Revenue）
Business Segment Profit
Operating profit
Current profits
Net Income
Exchange rates
Yen-USD
Yen-EUR
Operating profit ratio (%)
ROE (%)
ROA (%)
Net income per share (yen)
497,390
34,183
34,351
19,525
79.30
110.17
6.9%
8.7%
5.3%
72.95
FY ended
Mar 31, 2013
516,066
29,775
23,144
17,826
83.23
107.57
5.8%
7.2%
4.5%
66.65
FY ended
Mar 31, 2014
616,834
43,301
35,613
19,220
100.00
134.01
7.0%
6.9%
4.3%
72.20
IFRS
FY ended
Mar 31, 2015
FY ended
Mar 31, 2016
707,237
57,541
51,557
53,969
110.03
138.68
8.1%
16.8%
10.4%
206.68
* Operating profit ratio = Operating income / Net sales(Sales Revenue)
* ROE = Net income Attributable to owners of the company / Owners' equity (average of opening balance and ending balance)
Owners' equity represents Shareholders' equity and Other comprehensive income.
* ROA = Net income Attributable to owners of the company / Total assets (average of opening balance and ending balance)
* "Exchange rates" are the rates used to convert financial statements of overseas subsidiaries into yen.
3-2．Sales Revenue by business segment
Communications and
Printing equipment
Electronic stationery
Total
Printing &
Solutions
Personal & Home
Industrial sewing machines
Machine tools
Machinery
Industrial Parts
Total
Network & Contents
Domino
Others
G. total
(Millions of yen)
FY ended
FY ending
Mar 31, 2017
Mar 31,2018
forecast
G. total
332,000
-1.9%
-0.3%
45,066
383,628
44,409
26,802
45,352
18,789
90,944
49,731
59,354
13,117
641,185
45,900
377,900
49,200
29,200
53,900
19,500
102,600
50,000
62,800
12,500
655,000
1.8%
-1.5%
10.8%
8.9%
18.8%
3.8%
12.8%
0.5%
5.8%
-4.7%
2.2%
3.5%
0.2%
11.9%
10.4%
19.4%
3.9%
13.5%
0.6%
11.3%
11.4%
4.2%
(Millions of yen)
FY ended
FY ending
Mar 31, 2017
Mar 31,2018
forecast
45,654
2,038
6,177
2,213
4,177
697
-199
60,759
41,600
2,900
8,200
2,500
4,300
500
60,000
3-4．Operating Profit by segment
Printing & Solutions
Personal & Home
Machinery
Network & Contents
Domino
Others
Adjutment
G. total
Change
-8.9%
42.2%
32.7%
12.9%
2.9%
-28.3%
-1.2%
(Millions of yen)
FY ended
FY ending
Mar 31, 2017
Mar 31,2018
forecast
45,520
1,880
5,980
854
4,366
749
-199
59,152
42,500
2,300
8,300
2,200
4,100
600
60,000
3-5．Sales Revenue by geographic segment
Japan
Americas
Europe
Asia and Others
G. total
Change x FX
338,562
3-3．Business segment profit by segment
Printing & Solutions
Personal & Home
Machinery
Network & Contents
Domino
Others
Adjutment
Change
-6.6%
22.3%
38.8%
157.3%
-6.1%
-20.0%
1.4%
(Millions of yen)
FY ended
FY ending
Mar 31, 2017
Mar 31,2018
forecast
164,782
198,085
162,783
115,534
641,185
Change
Change
170,639
200,865
164,519
118,977
655,000
3.6%
1.4%
1.1%
3.0%
2.2%
2
745,888
47,276
48,611
31,017
120.16
132.36
6.3%
9.2%
5.0%
119.47
FY ended
Mar 31, 2016
682,119
54,934
58,640
41,238
120.16
132.36
8.6%
12.1%
6.7%
158.83
FY ended
Mar 31, 2017
641,185
60,759
59,152
47,242
109.03
119.37
9.2%
13.9%
7.0%
181.96
FY ending
Mar 31,2018
forecast
655,000
60,000
60,000
43,000
108.00
116.00
9.2%
165.61
Brother Industries, Ltd.
May 9, 2017
4-1. Capital expenditure/Depreciation and amortization (annual)
(Millions of yen)
J-GAAP
FY ended
Mar 31, 2012
Capital expenditure
Depreciation and amortization
FY ended
Mar 31, 2013
27,833
23,069
IFRS
FY ended
Mar 31, 2014
30,237
24,476
34,858
27,613
FY ended
Mar 31, 2015
34,064
28,205
FY ended
Mar 31, 2016
39,976
34,341
FY ended
Mar 31, 2016
FY ended
Mar 31,2017
41,469
34,934
28,644
33,811
4-2. Capital expenditure/Depreciation and amortization (quarterly results)
IFRS
FY ended March 31, 2016
FY ended March 31, 2017
2nd Quarter
3rd Quarter
4th Quarter
(Apr to Jun 2015) (Jul to Sep 2015) (Oct to Dec 2015) (Jan to Mar 2016) (Apr to Jun 2016) (Jul to sep 2016) (Oct to Dec 2016) (Jan to Mar 2017)
Capital expenditure
Depreciation and amortization
2nd Quarter
35,000
35,600
(Millions of yen)
IFRS
1st Quarter
FY ending
Mar 31,2018
forecast
6,197
7,615
3rd Quarter
10,609
9,053
11,417
9,067
4th Quarter
13,244
9,197
1st Quarter
6,656
8,633
6,200
8,402
6,586
8,316
5-1. R&D Expenses (annual)
(Millions of yen)
J-GAAP
FY ended
Mar 31, 2012
R&D expenses
R&D expenses per sales (%)
9,201
8,457
FY ended
Mar 31, 2013
39,232
7.9%
IFRS
FY ended
Mar 31, 2014
37,514
7.3%
40,137
6.5%
FY ended
Mar 31, 2015
42,523
6.0%
FY ended
Mar 31, 2016
46,017
6.2%
FY ended
Mar 31, 2016
FY ended
Mar 31,2017
44,639
6.5%
42,547
6.6%
5-2. R&D Expenses (quarterly results)
46,700
7.1%
(Millions of yen)
IFRS
IFRS
FY ended March 31, 2016
1st Quarter
FY ending
Mar 31,2018
Forect
FY ended March 31, 2017
2nd Quarter
3rd Quarter
4th Quarter
(Apr to Jun 2015) (Jul to Sep 2015) (Oct to Dec 2015) (Jan to Mar 2016) (Apr to Jun 2016) (Jul to sep 2016) (Oct to Dec 2016) (Jan to Mar 2017)
R&D expenses
10,177
2nd Quarter
3rd Quarter
11,320
10,876
4th Quarter
12,264
1st Quarter
9,740
11,060
10,351
11,394
6. Inventories (quarterly results)
1st Quarter
IFRS
IFRS
FY ended March 31, 2016
FY ended March 31, 2017
2nd Quarter
3rd Quarter
4th Quarter
as of Jun 30, 2015 as of Sep 30, 2015 as of Dec 31, 2015 as of Mar 31, 2016
Inventories (Millions of yen)
Inventories/cost of sales
138,435
4.3
139,966
4.0
137,517
3.9
126,871
4.1
1st Quarter
as of Jun 30, 2016
113,299
4.0
2nd Quarter
3rd Quarter
112,863
3.9
117,467
3.5
7. Interest - bearing debt
J-GAAP
Interest - bearing debt (Millions of yen)
D　E　R
IFRS
FY ended
FY ended
FY ended
FY ended
FY ended
FY ended
FY ended
Mar 31, 2012
Mar 31, 2013
Mar 31, 2014
Mar 31, 2015
Mar 31, 2016
Mar 31, 2016
Mar 31,2017
19,966
0.1
19,224
0.1
14,366
0.05
15,481
0.04
158,440
0.49
158,487
0.48
137,592
0.40
* DER = Interest-bearing debt / Owners' equity
Owners' equity represents Shareholders' equity and Other comprehensive income.
8. Cash flows
(Millions of yen)
J-GAAP
Net cash provided by operating activities
Net cash used in investing activities
Net cash used in financing activities
Cash and cash equivalents at end of period
IFRS
FY ended
FY ended
FY ended
FY ended
FY ended
FY ended
FY ended
Mar 31, 2012
Mar 31, 2013
Mar 31, 2014
Mar 31, 2015
Mar 31, 2016
Mar 31, 2016
Mar 31,2017
39,327
-30,758
-14,117
58,731
32,734
-41,771
-6,413
55,059
55,019
-39,099
-13,433
68,934
58,021
-15,326
-18,451
104,732
49,241
-215,091
134,317
66,690
51,304
-216,997
134,317
67,387
9. Owners' equity
FY ended
Mar 31, 2012
Total assets
Owners' equity
Owners' equity ratio (%)
99,155
-23,271
-30,389
112,032
(Millions of yen)
J-GAAP
370,906
231,001
62.3%
FY ended
Mar 31, 2013
421,494
262,837
62.4%
IFRS
FY ended
Mar 31, 2014
469,973
291,164
62.0%
* Owners' equity ratio = Owners' equity / Total assets
Owners' equity represents Shareholders' equity and Other comprehensive income.
3
FY ended
Mar 31, 2015
567,230
350,162
61.7%
FY ended
Mar 31, 2016
667,811
322,146
48.2%
4th Quarter
as of Sep 30, 2016 as of Dec 31, 2016 as of Mar 31, 2017
FY ended
Mar 31, 2016
675,301
333,440
49.4%
FY ended
Mar 31,2017
674,107
345,061
51.2%
112,432
3.5