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Keyence wins Chinese automation demand amid slowdown

Sensor maker captures clients' need for small- to medium-scale factory upgrades

Sensors from Keyence. The Osaka-based company boasts 250,000-plus clients in 100 countries. (Photo courtesy of Keyence)

OSAKA -- Keyence's net profit grew 11% to 169.7 billion yen ($1.56 billion) for the three quarters ended Dec. 20, the Japanese industrial and positioning sensor manufacturer reported Friday, separating itself from rivals struggling in China by delivering strong performance yet again.

This marked a seventh straight year of record profit for the nine-month period. But a direct comparison cannot be made, because the company changed its accounting periods during that time.

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