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Robot maker's rocky path to a shareholder-friendly strategy

A Fanuc representative talks to a customer at an exhibition at its headquarters in April.

TOKYO -- Japanese robot maker Fanuc has reversed its negative stance on dialogue with the stock market, and is returning some of its ample cash reserves to shareholders. The news, announced in April, sent the company's share price up about 40% from the end of last year. However, many investors seem to have reservations about the company's growth strategy.

External pressure

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