The Japanese company posted net profit of Y10.12 billion for the year ended 31 March, versus Y1.37 billion a year earlier, with earnings per share at Y2.21 from Y300.27.
Revenue slipped to Y17.65 billion from Y18.13 billion, while operating profit fell to Y846 million from Y1.32 billion and pretax profit dropped to Y708 million from Y1.27 billion.
The results, prepared under Japanese accounting standards, show sharply higher bottom-line profit despite weaker sales and declines in operating and pretax earnings.
Why did Mutoh’s per-share earnings collapse 99% during a record year for net profit?
Mutoh’s profit soared from its own sale. Can new owner Brother now revive its declining core business?
As Brother acquires Mutoh, which competitor is next in the consolidating industrial printer market?