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Tokyo Electron fiscal Q2 profit climbs 43.7% YOY

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Tokyo Electron fiscal Q2 profit climbs 43.7% YOY

Tokyo Electron Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥51.65 per share, a gain of 44.0% from ¥35.87 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥9.28 billion, a gain of 43.7% from ¥6.46 billion in the prior-year period.

The normalized profit margin rose to 6.5% from 4.3% in the year-earlier period.

Total revenue decreased 5.4% on an annual basis to ¥142.95 billion from ¥151.05 billion, and total operating expenses decreased 9.3% from the prior-year period to ¥129.90 billion from ¥143.22 billion.

Reported net income rose 50.0% year over year to ¥8.18 billion, or ¥45.54 per share, from ¥5.45 billion, or ¥30.29 per share.

As of Nov. 7, US$1 was equivalent to ¥114.96.