TOKYO -- Factory automation supplier Fanuc expects earnings to fall 20% this fiscal year on the slow recovery of demand in China, the Japanese company said Wednesday.
Fanuc forecasts a group net profit of 137.1 billion yen ($1.02 billion) for the year ending March 2024, which would be its first decline in four years and about 30 billion yen below the average forecast of analysts surveyed by QUICK.
