TOKYO -- China's industrial slowdown is proving to be a challenge even Fanuc's robot arms cannot lift.
Net profit for the Japanese robot maker tumbled 51% from a year earlier to 40.1 billion yen ($367 million) in the first half, the company reported Monday. It subsequently downgraded its full-year guidance by 2.4 billion yen to 57.9 billion yen, which would mark a 62% decline.
