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OMRON fiscal Q1 profit climbs 97.8% YOY

OMRON Corp. said its normalized net income for the fiscal first quarter ended June 30 was ¥62.99 per share, a gain of 97.8% from ¥31.85 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥13.47 billion, a gain of 97.8% from ¥6.81 billion in the prior-year period.

The normalized profit margin rose to 6.6% from 3.7% in the year-earlier period.

Total revenue grew 10.2% on an annual basis to ¥203.41 billion from ¥184.55 billion, and total operating expenses rose year over year to ¥180.81 billion from ¥174.75 billion.

Reported net income grew 95.7% year over year to ¥15.52 billion, or ¥72.58 per share, from ¥7.93 billion, or ¥37.08 per share.

As of Aug. 10, US$1 was equivalent to ¥109.48.