Fanuc Reports Healthy Fourth-Quarter Result, FVE Increasing Slightly to JPY 19,400
Wide-moat Fanuc’s full-year earnings beat our estimate as fourth-quarter FA and robot segment sales gained 30% and 19%, respectively. This more than offset a 27% drop in Robomachine segment sales from the high base last year as smartphone-related demand flattened. While we are encouraged by the 22% year-over-year growth in fourth-quarter orders and also by the company’s expectation that the recent strong growth will carry over to first-half fiscal 2017 (financial year ending March 2018), Fanuc w...Fanuc is engaged in the development, manufacture and sale of CNC systems as well as application products based on its engineering. Co.'s principal products include Factory Automation (FA) products such as computer numeric control (CNC) systems and laser products; The Robot including collaborative robot, arc welding robot, palletizing robot, mini/small/medium/large size robot and paint robot; and the he Robo-machine such as robodrill(compact machining center), roboshot (electric injection molding machine), robocut (wire-cut electric discharge machine) and robonano (ultra precision machine).
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