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  • 1. August 2, 2012Highlights of Consolidated Results for the 1st Quarter of Fiscal Year ending March 31, 2013 Millions of yen (except for per share amounts) Three months ended Three months ended June 30, June 30, Change 2012 2011 (%)Net sales Y 120,666 Y 122,773 -1.7Operating income 11,533 14,204 -18.8Current profits 12,249 14,604 -16.1Net income 10,300 6,567 56.8(Ref.) Comprehensive income 180 4,480 -96.0Net income per share: Basic Y 38.48 Y 24.54 Diluted 38.42 24.50 As of As of June 30, March 31, 2012 2012Total assets Y 357,237 Y 370,906Net assets 229,057 231,425Owners equity ratio 64.0 % 62.3 %Owners equity per share Y 854.17 Y 863.01(Ref.) Owners equity 228,633 231,001Number of consolidated subsidiaries 60 55Number of affiliates using the applied equity method 6 8Highlights of Consolidated Forecast for Fiscal Year ending March 31, 2013 Millions of yen (except for per share amounts) [Forecast] Year ending Year ended March 31, March 31, Change 2013 2012 (%)Net sales Y 530,000 Y 497,390 6.6Operating income 34,000 34,183 -0.5Current profits 35,000 34,351 1.9Net income 23,000 19,525 17.8Net income per share Y 85.93 Y 72.95Dividends per common share 24.00 24.00 (Note 1) No change has been made in forecasted operating results in this quarterly period. (Note 2) No change has been made in forecasted dividends per common share in this quarterly period.Notes:1) The financial statements have been prepared in accordance with accounting principles generally accepted in Japan.2) Amounts less than 1 million yen have been rounded down.3) Yen amounts for the three months ended June 30, 2012 have been translated into U.S. dollars for convenience only, at a uniform rate of US$1=82.00 yen, in the accompanying consolidated financial statements.4) Operating results for the three months ended June 30, 2012 are based on the following currency exchange rates: Actual average rates for the three months ended June 30, 2012: US$=80.40 yen, EURO=103.35 yen Forecasts for the year ending March 31, 2013 are based on the following currency exchange rates: Assumed average rates for the fiscal year: US$=80.07 yen, EURO=104.01 yen5) Number of shares outstanding (including treasury stock): 277,535 thousands as of June 30, 2012, 277,535 thousands as of March 31, 2012 Number of treasury stock outstanding: 9,868 thousands as of June 30, 2012, 9,866 thousands as of March 31, 2012 Number of weighted average shares (quarterly): 267,668 thousands during the period ended June 30, 2012, 267,645 thousands during the period ended June 30, 2011The above-mentioned forecasts are the results of estimations based on outlook for economic environment and predictions at the time of this announcement.The actual results of business performance may sometimes differ from these forecasts due to various factors. 1
  • 2. CONSOLIDATED BALANCE SHEETS Thousands of Millions of yen U.S. dollars As of As of As of June 30, March 31, June 30, 2012 2012 2012ASSETS Current assets Cash and cash equivalents Y 56,407 Y 59,536 $ 687,902 Trade receivables 57,749 65,634 704,265 Inventories 78,771 76,483 960,623 Other current assets 26,042 24,392 317,595 Total current assets 218,971 226,047 2,670,385 Net property, plant and equipment 69,707 69,945 850,093 Intangible fixed assets 19,857 19,915 242,162 Other assets 48,700 54,997 593,913 Total assets Y 357,237 Y 370,906 $ 4,356,553LIABILITIES AND NET ASSETS Current liabilities Short-term debt Y 19,422 Y 19,466 $ 236,859 Trade payables 37,958 35,978 462,910 Other current liabilities 49,938 62,034 609,005 Total current liabilities 107,319 117,478 1,308,774 Long-term liabilities Long-term debt 500 500 6,098 Other long-term liabilities 20,360 21,501 248,300 Total liabilities 128,180 139,480 1,563,172 Net assets Shareholders equity Capital stock 19,209 19,209 234,267 Capital surplus 16,151 16,151 196,968 Retained earnings 251,338 243,725 3,065,108 Treasury stock (11,672) (11,672) (142,347) Total shareholders equity 275,027 267,413 3,353,996 Other comprehensive income Unrealized gain (loss) on available-for-sale securities 963 2,176 11,751 Deferred gain (loss) under hedge accounting 100 (184) 1,223 Foreign currency translation adjustments (47,458) (38,404) (578,762) Total other comprehensive income (46,394) (36,412) (565,788) Stock acquisition rights 420 420 5,123 Minority interests 4 3 50 Total net assets 229,057 231,425 2,793,381 Total liabilities and net assets Y 357,237 Y 370,906 $ 4,356,553 2
  • 3. CONSOLIDATED STATEMENTS OF INCOME Thousands of Millions of yen U.S. dollars Three months ended Three months ended Three months ended June 30, June 30, June 30, 2012 2011 2012Net sales Y 120,666 Y 122,773 $ 1,471,547Cost of sales 68,078 67,454 830,230Gross profit 52,588 55,319 641,317Selling, general and administrative expenses 41,054 41,114 500,661Operating income 11,533 14,204 140,656Non-operating income (expenses): Interest and dividend income 386 464 4,713 Interest expenses (115) (159) (1,415) Other, net 445 94 5,432Current profits 12,249 14,604 149,386Extraordinary income (expenses): Gain (Loss) on sales and disposals of property, plant and equipment, net (66) 117 (807) Other, net (317) 745 (3,868)Income before income taxes 11,866 15,467 144,711Income taxes 1,566 8,900 19,098Income before minority interests 10,300 6,567 125,613Minority interests in net income (0) 0 (1)Net income Y 10,300 Y 6,567 $ 125,614Net income per share: Yen Yen U.S. dollars Basic Y 38.48 Y 24.54 $ 0.47 Diluted 38.42 24.50 0.47CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME Thousands of Millions of yen U.S. dollars Three months ended Three months ended Three months ended June 30, June 30, June 30, 2012 2011 2012Income before minority interests Y 10,300 Y 6,567 $ 125,613Other comprehensive income: Unrealized gain (loss) on available-for-sale securities (1,204) (58) (14,692) Deferred gain (loss) under hedge accounting 284 69 3,474 Foreign currency translation adjustments (9,191) (2,087) (112,095) Share of other comprehensive income of associates (8) (10) (100) Total other comprehensive income (loss) (10,119) (2,086) (123,414)Comprehensive income Y 180 Y 4,480 $ 2,199Comprehensive income attributable to: Owners of the Company Y 180 Y 4,480 $ 2,200 Minority interests (0) 0 (1) 3
  • 4. SEGMENT INFORMATION Thousands of Millions of yen U.S. dollars Three months ended Three months ended Three months ended June 30, June 30, June 30, 2012 2011 2012Printing & SolutionsNet sales Unaffiliated customers Y 80,515 Y 81,692 $ 981,898 Intersegment - - - Total 80,515 81,692 981,898Operating income 8,841 10,637 107,819Personal & HomeNet sales Unaffiliated customers Y 7,348 Y 6,759 $ 89,613 Intersegment - - - Total 7,348 6,759 89,613Operating income 461 353 5,628Machinery & SolutionNet sales Unaffiliated customers Y 17,971 Y 20,837 $ 219,168 Intersegment - - - Total 17,971 20,837 219,168Operating income 1,994 3,227 24,322Network & ContentsNet sales Unaffiliated customers Y 11,043 Y 10,907 $ 134,672 Intersegment - - - Total 11,043 10,907 134,672Operating income (loss) (177) (344) (2,163)OthersNet sales Unaffiliated customers Y 3,788 Y 2,577 $ 46,197 Intersegment 2,172 1,393 26,498 Total 5,960 3,970 72,695Operating income 415 330 5,065AdjustmentNet sales Unaffiliated customers Y - Y - $ - Intersegment (2,172) (1,393) (26,498) Total (2,172) (1,393) (26,498)Operating income (loss) (1) - (15)ConsolidatedNet sales Unaffiliated customers Y 120,666 Y 122,773 $ 1,471,547 Intersegment - - - Total 120,666 122,773 1,471,547Operating income 11,533 14,204 140,656Note:Main products in each business segment are as follows: Printing & Solutions Printers, Multi-function printers, Electronic stationeries, Personal & Home Home sewing machines Machinery & Solution Industrial sewing machines, Machine tools Network & Contents Online karaoke, Contents distribution services Others Sales of products other than those above, and so forth 4
  • 5. Brother Industries, Ltd. Aug 2, 2012 Supplementary Information for 1st Quarter of Fiscal Year Ending March 31, 20131-1. Consolidated results (1st Quarter results) (Millions of yen) 1-2. Sales by business segment (1st Quarter results) (Millions of yen) FY ended FY ending Change   FY ended FY ending Mar 31, 2012 Mar 31, 2013 Mar 31, 2012 Mar 31, 2013 Change Change ( w/o forex impact (Apr to Jun 2011) (Apr to Jun 2012) (Apr to Jun 2011) (Apr to Jun 2012) w/o forex impact ) -1.7% Communications Net sales 122,773 120,666 and Printing 72,869 72,031 -1.2% 4.9% (2.7%) Printing & equipment Solutions Operating income 14,204 11,533 -18.8% Electronic stationery 8,822 8,484 -3.8% 1.5% Current profits 14,604 12,249 -16.1% Total 81,692 80,515 -1.4% 4.6% Net income 6,567 10,300 56.8% Personal & Home 6,759 7,348 8.7% 15.4% Exchange rates Yen-USD 81.71 80.40 - Industrial sewing machines 6,450 4,181 -35.2% -33.4% Machinery & Yen-EUR 118.11 103.35 - Machine tools 14,387 13,790 -4.1% -4.5% Solution Operating profit ratio (%) 11.6% 9.6% - Total 20,837 17,971 -13.8% -13.4%* Operating profit ratio = Operating income / Net sales Network & Contents 10,907 11,043 1.2% 1.2%* "Exchange rates" are the rates used to convert financial statements of overseas subsidiaries into yen. Others 2,577 3,788 47.0% 47.2% G. total 122,773 120,666 -1.7% 2.7%2-1. Consolidated results (quarterly results) (Millions of yen) FY ending FY ended Mar 31, 2012 Mar 31, 2013 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total 1st Quarter (Apr to Jun 2011) (Jul to Sep 2011) (Oct to Dec 2011) (Jan to Mar 2012) (Apr to Jun 2012) Net sales 122,773 123,788 126,252 124,575 497,390 120,666 Operating income 14,204 11,810 7,608 559 34,183 11,533 Current profits 14,604 12,061 8,436 -751 34,351 12,249 Net income 6,567 6,988 5,606 363 19,525 10,300 Exchange rates Yen-USD 81.71 77.99 77.57 79.25 79.30 80.40 Yen-EUR 118.11 110.76 104.67 104.91 110.17 103.35 Operating profit ratio (%) 11.6% 9.5% 6.0% 0.4% 6.9% 9.6%* Operating profit ratio = Operating income / Net sales* "Exchange rates" are the rates used to convert financial statements of overseas subsidiaries into yen.2-2. Sales by business segment (quarterly results) (Millions of yen) FY ending FY ended Mar 31, 2012 Mar 31, 2013 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total 1st Quarter (Apr to Jun 2011) (Jul to Sep 2011) (Oct to Dec 2011) (Jan to Mar 2012) (Apr to Jun 2012) Communications and 72,869 73,795 77,060 76,400 300,125 72,031 Printing & Printing equipment Solutions Electronic stationery 8,822 9,544 9,065 9,667 37,100 8,484 Total 81,692 83,339 86,126 86,068 337,226 80,515 Personal & Home 6,759 7,737 8,679 7,529 30,705 7,348 Industrial sewing machines 6,450 5,455 4,810 5,034 21,750 4,181 Machinery & Machine tools 14,387 12,514 10,680 11,089 48,672 13,790 Solution Total 20,837 17,970 15,491 16,123 70,422 17,971 Network & Contents 10,907 11,444 11,966 11,605 45,924 11,043 Others 2,577 3,296 3,989 3,247 13,111 3,788 G. total 122,773 123,788 126,252 124,575 497,390 120,6662-3. Operating income by business segment (quarterly results) (Millions of yen) FY ending FY ended Mar 31, 2012 Mar 31, 2013 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total 1st Quarter (Apr to Jun 2011) (Jul to Sep 2011) (Oct to Dec 2011) (Jan to Mar 2012) (Apr to Jun 2012) Printing & Solutions 10,637 8,023 4,004 -688 21,977 8,841 Personal & Home 353 990 1,063 197 2,604 461 Machinery & Solution 3,227 2,507 1,524 1,086 8,345 1,994 Network & Contents -344 72 483 -231 -19 -177 Others 330 216 532 195 1,274 414 G. total 14,204 11,810 7,608 559 34,183 11,5332-4. Sales by geographic segment (quarterly results) (Millions of yen) FY ending FY ended Mar 31, 2012 Mar 31, 2013 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total 1st Quarter (Apr to Jun 2011) (Jul to Sep 2011) (Oct to Dec 2011) (Jan to Mar 2012) (Apr to Jun 2012) Japan 36,510 37,235 37,929 36,048 147,723 37,473 Americas 33,279 35,524 36,311 36,305 141,420 35,599 Europe 33,002 31,862 34,868 34,754 134,487 29,422 Asia and Others 19,981 19,166 17,143 17,467 73,758 18,170 G. total 122,773 123,788 126,252 124,575 497,390 120,666 1
  • 6. Brother Industries, Ltd. Aug 2, 20123-1. Consolidated results (annual) (Millions of yen) FY ended FY ended FY ended FY ended FY ended FY ended FY ending Mar 31, 2007 Mar 31, 2008 Mar 31, 2009 Mar 31, 2010 Mar 31, 2011 Mar 31, 2012 Mar 31, 2013 forecast Net sales 562,272 566,378 482,204 446,269 502,830 497,390 530,000 Operating income 51,255 53,503 19,901 26,637 36,092 34,183 34,000 Current profits 45,479 46,535 25,562 29,664 38,612 34,351 35,000 Net income 28,874 27,110 15,262 19,629 26,238 19,525 23,000Exchange rates Yen-USD 117 114 100.62 93.04 85.82 79.30 80.07 Yen-EUR 150 162 144.43 130.62 113.56 110.17 104.01 Overseas sales ratio (%) 79.7% 82.7% 83.1% 80.2% 76.6% 77.0% - Operating profit ratio (%) 9.1% 9.4% 4.1% 6.0% 7.2% 6.9% 6.4% ROE (%) 14.8% 12.7% 7.4% 9.6% 12.1% 8.7% - ROA (%) 7.7% 6.9% 4.2% 5.6% 7.1% 5.3% - Net income per share (yen) 104.82 98.46 56.79 73.34 98.03 72.95 85.93* Operating profit ratio = Operating income / Net sales* ROE = Net income / Owners equity (average of opening balance and ending balance) Owners equity represents Shareholders equity and Other comprehensive income.* ROA = Net income / Total assets (average of opening balance and ending balance)* "Exchange rates" are the rates used to convert financial statements of overseas subsidiaries into yen.3-2. Sales by business segment (FY ending Mar 31, 2013) (Millions of yen)  FY ended FY ending Change Mar 31, 2012 Mar 31, 2013 Change w/o forex forecast impact Communications and 300,125 317,900 5.9% 7.4%Printing & Printing equipmentSolutions Electronic stationery 37,100 38,400 3.5% 4.4% Total 337,226 356,300 5.7% 7.1%Personal & Home 30,705 32,600 6.2% 7.5% Industrial sewing machines 21,750 24,300 11.7% 10.0%Machinery & Machine tools 48,672 50,900 4.6% 2.7%Solution Total 70,422 75,200 6.8% 5.0%Network & Contents 45,924 51,100 11.3% 11.1%Others 13,111 14,800 12.9% 12.7%G. total 497,390 530,000 6.6% 7.3%3-3. Operating income by business segment (FY ending Mar 31, 2013) (Millions of yen) FY ended FY ending Mar 31, 2012 Mar 31, 2013 Change forecast Printing & Solutions 21,977 19,800 -9.9% Personal & Home 2,604 2,600 -0.2% Machinery & Solution 8,345 8,500 1.8% Network & Contents -19 1,600 - Others 1,274 1,500 17.7% G. total 34,183 34,000 -0.5%3-4. Sales by geographic segment (FY ending Mar 31, 2013) (Millions of yen) FY ended FY ending Change Mar 31, 2012 Mar 31, 2013 Change w/o forex forecast impact Japan 147,723 159,300 7.8% 7.8% Americas 141,420 150,200 6.2% 6.3% Europe 134,487 135,400 0.7% 5.0% Asia and Others 73,758 85,100 15.4% 12.5% G. total 497,390 530,000 6.6% 7.3% 2
  • 7. Brother Industries, Ltd. Aug 2, 20124-1. Capital expenditure/Depreciation and amortization (annual) (Millions of yen) FY ended FY ended FY ended FY ended FY ended FY ended FY ending Mar 31, 2007 Mar 31, 2008 Mar 31, 2009 Mar 31, 2010 Mar 31,2011 Mar 31,2012 Mar 31,2013 forecast Capital expenditure 28,962 31,605 27,169 17,481 19,787 27,833 35,900 Depreciation and amortization 18,442 22,227 23,093 21,028 24,027 23,069 25,4004-2. Capital expenditure/Depreciation and amortization (quarterly results) (Millions of yen) FY ending FY ended Mar 31, 2012 Mar 31, 2013 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (Apr to Jun 2011) (Jul to Sep 2011) (Oct to Dec 2011) (Jan to Mar 2012) (Apr to Jun 2012) Capital expenditure 4,744 5,966 7,048 10,074 4,545 Depreciation and amortization 5,195 5,431 5,846 6,595 5,1795-1. R&D Expenses (annual) (Millions of yen) FY ended FY ended FY ended FY ended FY ended FY ended FY ending Mar 31, 2007 Mar 31, 2008 Mar 31, 2009 Mar 31, 2010 Mar 31,2011 Mar 31,2012 Mar 31,2013 forecast R&D expenses 28,453 34,116 36,859 34,778 36,252 39,232 38,500 R&D expenses per sales (%) 5.1% 6.0% 7.6% 7.8% 7.2% 7.9% 7.3%5-2. R&D Expenses (quarterly results) (Millions of yen) FY ending FY ended Mar 31, 2012 Mar 31, 2013 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (Apr to Jun 2011) (Jul to Sep 2011) (Oct to Dec 2011) (Jan to Mar 2012) (Apr to Jun 2012) R&D expenses 8,667 9,809 9,738 11,018 8,6266. Inventories FY ending FY ended Mar 31, 2012 Mar 31, 2013 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter as of Jun 30, 2011 as of Sep 30, 2011 as of Dec 31, 2011 as of Mar 31, 2012 as of Jun 30, 2012 Inventories (Millions of yen) 72,813 77,028 77,928 76,483 78,771 Inventories/cost of sales 3.2 3.4 3.2 3.1 3.57. Interest - bearing debt FY ending FY ended FY ended FY ended FY ended FY ended FY ended Mar 31, 2013 Mar 31, 2007 Mar 31, 2008 Mar 31, 2009 Mar 31, 2010 Mar 31,2011 Mar 31,2012 1st Quarter as of Jun 30, 2012 Interest - bearing debt (Millions of yen) 35,257 33,599 30,401 26,943 24,386 19,966 19,922 D E R 0.2 0.2 0.2 0.1 0.1 0.1 0.1* DER = Interest-bearing debt / Owners equity Owners equity represents Shareholders equity and Other comprehensive income.8. Owners equity (Millions of yen) FY ending FY ended FY ended FY ended FY ended FY ended FY ended Mar 31, 2013 Mar 31, 2007 Mar 31, 2008 Mar 31, 2009 Mar 31, 2010 Mar 31,2011 Mar 31,2012 1st Quarter as of Jun 30, 2012 Total assets 399,109 392,259 337,667 365,990 372,645 370,906 357,237 Owners equity 210,390 216,175 196,790 212,221 220,122 231,001 228,633 Owners equity ratio (%) 52.7% 55.1% 58.3% 58.0% 59.1% 62.3% 64.0%* Owners equity ratio = Owners equity / Total assets Owners equity represents Shareholders equity and Other comprehensive income. 3