Japan's Brother Industries gains on higher earnings forecast

BROTHER INDUSTRIES

09/08/2016 01:26

TOKYO, Aug 9 (Reuters) - Shares of Brother Industries Ltd 
 6448.T  surged on Tuesday after the Japanese office equipment 
maker revised up its earning forecast. 
    Brother now sees its net profit for the year through March 
2017 at 33.5 billion yen ($327.24 million), up from its previous 
forecast of 31.5 billion yen, thanks to factors like brisk sales 
in the United States and China.  urn:newsml:reuters.com:*:nXB1SY2DRE 
    The shares were last up 19.4 pct after hitting an 8-month 
high. 
 
($1 = 102.3700 yen) 
 
 (Reporting by the Tokyo markets team; Editing by Stephen 
Coates) 
 ((shinichi.saoshiro@thomsonreuters.com; Reuters Messaging: 
shinichi.saoshiro.reuters.com@reuters.net)) 
 
Keywords: BROTHER IND STOCKS/