Brother International 2013 Annual Report Download - page 7

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6
During fiscal 2012, ended March 31, 2013, despite a level of growth in the American market, the Brother
Group faced an adverse global economy which included the ongoing financial crisis in Europe,
slowdown in emerging markets, and the drastic rise over the summer and autumn in the exchange rate
for yen.
While the Machinery & Solution business was negatively impacted by this weak market, net sales in
fiscal 2012 improved year-on-year, with items such as communications and printing equipment, home
sewing machines and online karaoke machines remaining solid. We also experienced an increase due to
exchange against the US dollar.
Operating income fell, however, due to negative factors such as the loss in the Machinery & Solution
business and changes in the exchange rate. Despite factors such as extraordinary income related to
acquisition of shares in an affiliated company, net income also fell year-on-year.
In fiscal 2013 we will forge ahead as a Group towards achievement of our mid-term business strategy
“CS B2015” with a year of growth. I kindly ask for the continued understanding and support of our
shareholders and other stakeholders.
essage from the Management
M
Representative Director & President
Toshikazu Koike