Keyence (6861) Q1 2025 earnings summary

Executive summary

• Net sales increased by 11.2% year-over-year to ¥247,223 million in Q1 FY2024.

• Operating income rose 10.9% year-over-year to ¥123,405 million.

• Net income attributable to owners grew 9.9% year-over-year to ¥93,534 million.

• Comprehensive income increased 11.5% year-over-year to ¥101,516 million.

Financial highlights

• Gross profit reached ¥207,391 million, up 14.2% year-over-year, with gross margin improving to 83.9%.

• Operating income margin was 49.9%, nearly flat year-over-year.

• Earnings per share increased to ¥385.67 from ¥351.02 year-over-year.

• Equity ratio improved to 95.6% as of June 20, 2024.

• Total assets reached ¥3,002,915 million as of June 20, 2024.

Segment performance

• Japan sales grew 4.5% year-over-year in local currency; overseas sales rose 2.6%.

• Americas sales increased 5.0%, Asia 2.4%, and Europe & Others declined 0.4% in local currency.

• Overseas sales accounted for 67.1% of total sales, up from 65.0% a year ago.