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Fanuc posts 42% profit drop on China machinery orders plunge

October-December results suffer as trade war rages on

Fanuc industrial robots faced weak demand as many customers curbed capital spending. (Photo by Shintaro Terai)

TOKYO -- Fanuc's operating profit fell 42% on the year for the three months ended Dec. 31, with the Japanese company blaming a sharp decline in Chinese orders amid the Sino-American trade war.

Profit came to 35.7 billion yen ($328 million) on sales of 151.1 billion yen, down 20%, in results released Thursday.

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