The OEM has released its consolidated financial results for FY2020, third quarter.
In its highlights, Brother said that in the reporting period, in its Printing & Solutions business segment “profit increased substantially due to the stronger-than-expected recovery of consumables, along with ongoing demand for SOHO products targeting people working from home.”
Sales revenue for its Printing & Solutions business segment for the reporting period was ¥109.2 billion ($1.04 billion/ €865 million), up ¥53 million ($504 million/ €420 million) compared to the same reporting period of the previous financial year. Profit was recorded as ¥243 million ($2.3 million/ €1.93 million) for the period.
For the nine-month period, Brothers sales revenue within the Printing & Solutions business segment is down ¥100 million ($951,775/ €792,430) year-on-year, at ¥287.1 billion ($2.73 billion/ €2.27 billion). Brother explained that “products in the SOHO segment performed well. And demand for consumables recovered gradually; however, these were not enough to compensate for decline in print volume in offices and effects from delays in suppliers of ink products and consumables.”
Overall, Brother slightly increased its expected overall year end result combined from all business segments, from the previous ¥600 billion ($5.71 billion/ €4.75 billion) to now an expected ¥625 billion ($5.95 billion/ €4.95 billion).
