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Tokyo Electron fiscal Q2 profit climbs 77.5% YOY

Tokyo Electron Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥257.70 per share, a gain of 77.3% from ¥145.33 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥42.44 billion, a gain of 77.5% from ¥23.91 billion in the year-earlier period.

The normalized profit margin rose to 15.1% from 11.7% in the year-earlier period.

Total revenue increased 37.0% year over year to ¥280.58 billion from ¥204.75 billion, and total operating expenses grew 27.1% on an annual basis to ¥212.05 billion from ¥166.83 billion.

Reported net income grew 68.8% on an annual basis to ¥49.42 billion, or ¥300.08 per share, from ¥29.28 billion, or ¥177.96 per share.

As of Nov. 13, US$1 was equivalent to ¥113.50.