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Keyence fiscal Q2 profit climbs 30.7% YOY

Keyence Corp. said its normalized net income for the fiscal second quarter ended Sept. 20 amounted to ¥254.15 per share, an increase of 30.7% from ¥194.41 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥30.82 billion, a gain of 30.7% from ¥23.58 billion in the prior-year period.

The normalized profit margin rose to 36.2% from 33.7% in the year-earlier period.

Total revenue rose 21.9% year over year to ¥85.22 billion from ¥69.89 billion, and total operating expenses increased 16.0% on an annual basis to ¥39.47 billion from ¥34.02 billion.

Reported net income rose 32.1% on an annual basis to ¥31.67 billion, or ¥261.16 per share, from ¥23.98 billion, or ¥197.68 per share.

As of Oct. 31, US$1 was equivalent to ¥112.11.