Brother International 2009 Annual Report Download - page 4

Download and view the complete annual report

Please find page 4 of the 2009 Brother International annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 48

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48

Message from the Management
Fiscal 2008 Results of Operations
During FY2008, ended March 31, 2009, the global economic recession caused by the
credit crisis and sharp appreciation of the yen created an extremely severe operating
environment for the Brother Group. Negatively affected by the stronger yen exchange
rates and a worsening market environment and despite efforts to reduce costs, sales
and income declined. For the year, the Brother Group posted net sales of ¥482,205
million, operating income of ¥19,901 million and net income of ¥15,262 million.
Outlook for Fiscal 2009 and Global Vision 21
In FY2009, the severe operating environment is expected to continue with a sluggish
global economy and a trend toward a stronger yen. Within this environment, the
Company forecasts a year-to-year decline in FY2009 earnings, including a severe
market outlook for the Machinery & Solution business, which will be negatively
affected by the exchange rate. Therefore, we expect revenue in the sector to decline.
For these reasons, although we anticipate benefits from cost reductions, we expect
profits to fall.
Given the rapid changes taking place in our business environment, for the foreseeable
future we will emphasize securing profits rather than business expansion. However,
we have not changed the targets of our mid- to long-term corporate vision, Global
Vision 21. We will continue to fortify our management infrastructure and prepare for
growth with carefully examined investments.
Net Sales
(¥ billion)
0
100
200
300
400
500
600
200920082007
562.3 566.4
482.2
Fiscal years ended March 31
Operating Income
(¥ billion)
0
10
20
30
40
50
60
200920082007
51.3 53.5
19.9
Fiscal years ended March 31
Net Income
(¥ billion)
0
5
10
15
20
25
30
200920082007
28.9 27.1
15.3
Fiscal years ended March 31
Representative Director &
President
Toshikazu Koike
2 Brother Annual Report 2009