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Keyence fiscal Q1 profit climbs 30.4% YOY

Keyence Corp. said its normalized net income for the fiscal first quarter ended June 20 was ¥194.23 per share, a gain of 30.4% from ¥148.95 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥23.56 billion, a gain of 30.4% from ¥18.07 billion in the prior-year period.

The normalized profit margin climbed to 32.3% from 30.9% in the year-earlier period.

Total revenue grew 24.5% on an annual basis to ¥72.91 billion from ¥58.55 billion, and total operating expenses climbed 15.9% from the prior-year period to ¥36.44 billion from ¥31.45 billion.

Reported net income increased 33.4% year over year to ¥24.19 billion, or ¥199.44 per share, from ¥18.14 billion, or ¥149.53 per share.

As of Aug. 1, US$1 was equivalent to ¥102.47.