Brother Impairment Loss Leads to Operating and Net Losses in Q4 2023 and Profit Downturn for FY 2023

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On May 9, Brother Industries, Ltd. released its financial results for the fourth quarter and fiscal-year 2023, which ended on March 31, 2024. While revenue grew for both periods, Brother recorded a surprise impairment loss in the firm’s Domino business in Q4, which caused operating and net profit to swing negative in the quarter and

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