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Tokyo Electron fiscal Q1 profit climbs 129.1% YOY

Tokyo Electron Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥209.34 per share, an increase of 128.9% from ¥91.47 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥34.45 billion, a gain of 129.1% from ¥15.04 billion in the year-earlier period.

The normalized profit margin rose to 14.6% from 10.2% in the year-earlier period.

Total revenue climbed 59.8% year over year to ¥236.40 billion from ¥147.98 billion, and total operating expenses rose 44.3% on an annual basis to ¥181.60 billion from ¥125.88 billion.

Reported net income rose 225.2% on an annual basis to ¥41.25 billion, or ¥250.65 per share, from ¥12.69 billion, or ¥77.16 per share.

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