TOKYO -- Japan's Fanuc announced Friday that it now expects net profit to grow for the fiscal year ending March 2025 on a recovery in Chinese robomachine demand, though its mainstay robot division continues to suffer from weak investment tied to electric vehicles.
The new forecast sees net profit increasing 1% to 134.3 billion yen ($883 million). The company had previously expected a 6% decrease to 125.3 billion yen.
