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


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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