Brother International 2011 Annual Report Download - page 7

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Message from the Management
Representative Director & President
Toshikazu Koike
During fiscal 2010, which ended on March 31, 2011, while the overall
business environment surrounding the Brother Group recovered,
albeit only modestly, the yen’s continued appreciation, coupled
with the impact of the Great East Japan Earthquake that occurred
on March 11, 2011, have kept future prospects shrouded in
uncertainty.
Under these circumstances, the Brother Group’s consolidated net
sales came to ¥502.8 billion, operating income to ¥36.1 billion and
net income to ¥26.2 billion, with net sales and income both posting
year-on-year increases, primarily due to the substantially increased
net sales in the Machinery & Solution Business following the sharp
market recovery, despite the negative effects caused by the
stronger yen.
While we expect the uncertain economic environment will continue
in fiscal 2011 due to the impact of the earthquake and other factors,
we will strive to carry out our growth strategies again by dedicating
all-out efforts to the new mid-term business strategy “CS B2015”
launched in April 2011.
5
Brother Annual Report 2011