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Tokyo Electron fiscal Q2 profit climbs 116.6% YOY

Tokyo Electron Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥118.14 per share, a gain of 128.7% from ¥51.65 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥20.10 billion, an increase of 116.6% from ¥9.28 billion in the prior-year period.

The normalized profit margin increased to 10.9% from 6.5% in the year-earlier period.

Total revenue climbed 29.5% on an annual basis to ¥185.19 billion from ¥142.95 billion, and total operating expenses increased 18.7% on an annual basis to ¥154.22 billion from ¥129.90 billion.

Reported net income rose 167.6% year over year to ¥21.90 billion, or ¥128.70 per share, from ¥8.18 billion, or ¥45.54 per share.

As of Nov. 9, US$1 was equivalent to ¥123.27.