Fanuc’s Weak 2018 Guidance Likely to Be a Short-Term Blip in a Strong Long-Term Story
Wide-moat Fanuc posted strong fiscal 2017 (year ending March 2018) results featuring an 50% year-over-year increase in operating income. However, the strong result was overshadowed by very weak company guidance for fiscal 2018 of revenue declining 13% and operating profit declining 34%. This is well below our previous forecast for growth in both lines. Management blamed the expected slowdown on weakening demand in the IT and smartphone industries which we have seen impacting on other smartphone ...
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