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OMRON fiscal Q2 profit falls YOY

OMRON Corp. said its normalized net income for the fiscal second quarter ended Sept. 30 was ¥46.85 per share, a decline of 34.6% from ¥71.60 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥10.18 billion, a decrease of 35.4% from ¥15.76 billion in the prior-year period.

The normalized profit margin declined to 4.9% from 7.6% in the year-earlier period.

Total revenue totaled ¥208.07 billion, compared with ¥207.24 billion in the prior-year period, and total operating expenses climbed on an annual basis to ¥191.44 billion from ¥184.05 billion.

Reported net income decreased 35.1% on an annual basis to ¥11.81 billion, or ¥54.36 per share, from ¥18.19 billion, or ¥82.66 per share.

As of Nov. 12, US$1 was equivalent to ¥122.92.