Brother’s Printer Business Sees Sales Increase but Declining Profit for Full Year
Brother has announced its financial results for the fiscal year ended March 31, 2013. Brother showed marked improvement over the prior-year period in the fourth quarter, particularly in terms of profitability. In the fourth quarter, Brother’s net sales totaled ¥138.8 billion ($1.69 billion), up 11.4 percent from ¥124.6 billion in the previous year’s fourth quarter. [...]
Konica Minolta Exceeds Sales Forecast but Misses Profit Targets for Fiscal Year
May 13, 2013 No Comment
On May 10, Konica Minolta announced financial results for the fiscal year ended March 31, 2013. In the fourth quarter, Konica Minolta saw 13.4 percent year-over-year growth in net sales to ¥235.3 billion ($2.3 billion*), up from ¥207.5 billion in the year prior. Operating income in Q4, however, shrank 20.5 percent year-over-year, falling from ¥17.0 [...]
On May 9, OKI Electric Industry announced financial results for fiscal year 2012, ended March 31, 2013. OKI’s printer business has had a rough couple of years. In its last fiscal year, the company was impacted by flooding in Thailand, an earthquake in Japan, and a strong yen. In the current fiscal year, ended March [...]
Kodak Announces Profitable First Quarter, Nixes Brother Asset Sale in Favor of KPP Deal
May 4, 2013 No Comment
Kodak began 2013 with a profitable first quarter although revenue was off 9 percent compared to the same period last year. Despite revenue tumbling from $928 million in Q1 2012 to $849 million during the quarter just ending, Kodak generated $238 million in consolidated net earnings compared to a $366 million loss sustained in the [...]
On April 30, Seiko Epson announced financial results for the fourth quarter and fiscal year 2012, ended March 31, 2013. Once again, the results left Epson with little to crow about. Epson’s full-year revenue and operating income declined compared with the previous fiscal year, and Epson reported a significant net loss. What makes Epson’s performance [...]
Despite Year-over-Year Improvement, Ricoh’s Year-End Results Disappoint Market
April 30, 2013 No Comment
Ricoh has released its financial results for the fourth quarter and full year ended March 31, 2013. While Ricoh’s results were significantly improved compared with the previous fiscal year, that is faint praise. Last year was a disastrous one for Ricoh, and the year ended with the company reporting its first full-year net loss since [...]
Declines in Digital Cameras Impact Canon’s Q1, but Volumes for Some Printing Products Increase
April 24, 2013 No Comment
On April 24, Canon reported financial results for the first quarter of 2013, ended March 31. Canon reported revenue and earnings declines in the first quarter and attributed its results to declining demand for digital cameras, the tepid worldwide economy, and stiff price competition. But in those business segments we follow most closely, Canon had [...]
Lexmark Manages to Impress Wall Street but Printer and Supplies Business Remains Weak in Q1
April 23, 2013 No Comment
Lexmark impressed Wall Street on April 23 when it announced its first-quarter 2013 financial results. The company once again announced revenue and earnings decreases, along with declines in some key metrics such as laser hardware units and revenue and laser supplies revenue. Still, the firm delivered revenue and earnings per share (EPS) at the high [...]
Xerox’s Q1 Results Dragged Down by Disappointing Equipment and Supplies Sales
April 23, 2013 No Comment
Xerox released its financial results for the fiscal first quarter of 2013 on April 23. Xerox’s Services business continues to deliver revenue growth, but the company’s results were dragged down by its Document Technology business. Xerox has been restructuring its business, including some painful job cuts, as part of its efforts to focus on its [...]
Restructuring operations, disposal of manufacturing units, and a weaker euro all contributed to Pelikan’s revenue falling 23.7 percent year-over-year in the fourth quarter of 2012, according to its end-of-year 2012 summary. Pelikan International Corporation Berhad, a multinational corporation headquartered in Malaysia, traces its founding back to German Chemist Carl Honnemann in Hanover, Germany, in 1832. [...]