Keyence Jumps 16% to Daily Limit on Earnings Beat, Buyback Plan

Keyence Corp. shares surged 16%, the biggest gain since August 2024, after the Japanese maker of factory automation sensors delivered quarterly operating income that exceeded analyst estimates and said it will seek investor approval to amend its charter to enable buybacks.

The stock reached the daily limit after operating profit for the fourth quarter came in at ¥179.4 billion ($1.1 billion), surpassing the consensus of ¥163.8 billion, due to higher overseas sales, according to a company filing Friday.