Brother has released its second quarter financial results for the fiscal year 2021.
Brother’s sales revenue for the reporting period was ¥176.5 billion ($1.56 billion/ €1.34 billion), an increase of 12.5% year-on-year. For the Printing & Solutions Business Segment (P&S), Brother saw sales revenues of ¥106.1 billion ($935 million/ €808 million), up 11.6% year-on-year.
Brother said that revenue increased despite the impact of supply restrictions as demand for small-size All-in-One and printers targeted at people working from home remained strong and the performance of consumables was firm.
For the half yearly results, Brother recorded sales revenue of ¥350.5 billion ($3.09 billion/ €2.67 billion), a year-on-year increase of 20.8%. For the first half of FY2021 the P&S segment saw sales revenue of ¥205.2 billion ($1.81 billion/ €1.56 billion).
Brother revised its full year forecasts upwards, “in response to positive FX effects and higher profit in the P&S business, mainly in Q2”.
