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Keyence surges to record profit, spurred by factory automation

Japan sensor maker finds success abroad with same-day shipping and high pay

Investments in factory automation drove demand for sensors, measurement systems and other equipment for unmanned production lines. (Image from Keyence social media post)

OSAKA -- Sensor maker Keyence's group net profit climbed 54% to a record 303.3 billion yen ($2.37 billion) for the year ended March, setting a new high for the first time in three years on the strength of increasing factory automation.

"Capital investments are starting to recover more from the coronavirus pandemic in the U.S., Europe and Asia," President Yu Nakata told reporters Wednesday in an earnings briefing. "We received orders from a wide range of sectors, from semiconductors to pharmaceuticals."

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