Brother Closes FY 2018 with Revenue Decline but Record Operating Profit

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On May 8, Brother Industries, Ltd. reported its financial results for the fourth quarter and full fiscal year 2018, which ended on March 31, 2019. Similar to what we saw from rival Epson (see “Epson Closes FY 2018 with Modest Revenue Decline and Profit Growth”), Brother reported that both revenue and business segment profit shrank

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