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OMRON fiscal Q1 profit climbs 65.6% YOY

OMRON Corp. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥62.07 per share, an increase of 65.6% from ¥37.48 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥13.66 billion, an increase of 65.6% from ¥8.25 billion in the year-earlier period.

The normalized profit margin increased to 6.9% from 4.7% in the year-earlier period.

Total revenue increased 13.0% on an annual basis to ¥197.22 billion from ¥174.58 billion, and total operating expenses rose 9.8% from the prior-year period to ¥177.41 billion from ¥161.57 billion.

Reported net income grew 67.5% from the prior-year period to ¥15.49 billion, or ¥70.39 per share, from ¥9.25 billion, or ¥42.01 per share.

As of Aug. 8, US$1 was equivalent to ¥101.85.