Brother Industries, which owns Domino inkjet and also make direct-to-garment printers, industrial labelling printers, coding & marking equipment and MFPs, has announced encouraging results for its first quarter of the Japanese 2022-23 financial year April-June. Sales revenues were just over $2 billion dollars (Aus) – a rise of 14.8 percent over 2021 first quarter— but profits took a slight hit, reflecting the global business costs environment. Brother’s P&S (Print and Solutions) division turned in a strong performance for the Japanese giant’s first quarter results, with a 23 percent increase in sales revenues, translating into a 9 percent increase in the segment’s profit.
Domino, which is listed as a separate segment, saw a 14.5 percent sales increase but profits took a 21 percent dive. Brother’s latest results once again reflect the durable demand for print technologies – and the changing trend towards all-digital inkjet production across many other industries. Margins may be under pressure due to rising raw material, freight and foreign exchange costs, but the business sector is robust. Brother is also moving towards a CO2 neutral business platform, with the UK and Slovakia branches already having achieved this.