Keyence (6861) Q2 2025 earnings summary

Executive summary

• Net sales for 1H FY2024 increased by 10.6% year-over-year to ¥515,550 million, with operating income up 11.1% to ¥263,965 million and net income attributable to owners up 6.0% to ¥189,720 million.

• Earnings per share increased to ¥782.27 from ¥738.24 in the prior year period.

• Second quarter FY2024 net sales rose 10.1% year-over-year, with operating income up 11.2% and net income up 2.4%.

Financial highlights

• Gross margin improved to 84.2% in 2Q FY2024, up 1.3 percentage points year-over-year.

• Gross profit increased to ¥433,252 million from ¥383,797 million year-over-year, while selling, general and administrative expenses rose to ¥169,287 million from ¥146,132 million.

• Ordinary income grew 4.7% year-over-year to ¥265,717 million.

• Total assets reached ¥3,114,553 million as of September 20, 2024, up from ¥2,964,792 million as of March 20, 2024.

• Equity ratio remained high at 94.7%.

Outlook and guidance

• Annual dividend forecast for the fiscal year ending March 20, 2025, was revised upward to ¥350 per share, up from ¥300 per share in the previous year.

• Management notes that forecasts are based on current information and reasonable assumptions, with actual results potentially differing due to various factors.