TOKYO -- Japan's recent stock market rally has ridden the about-face by factory robot builder Fanuc, which has not engaged with shareholders in the past. But investors may be getting ahead of themselves, since the company has only just announced its new stance.
Fanuc has long been known not to listen to shareholders. Last Friday saw reports that it will set up a department next month to carry out a dialogue with investors and was reportedly considering raising dividends and repurchasing stock. Fanuc's stock price surged 13% that day.
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