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Robot maker Fanuc's profit up 5% as EV industry drives record sales

Japanese manufacturer sees little improvement in supply chain constraints

Manufacturers have invested in Fanuc's factory robots to deal with the shortage of labor. (Photo by Yuki Fukumoto)

TOKYO -- Japanese factory robot maker Fanuc earned a group net profit of 42.1 billion yen ($308 million) in the April-June quarter, up nearly 5% on the year, thanks to strong demand from the electric vehicle industry.

Sales grew 14% to 211.5 billion yen, setting a quarterly record, on demand for labor-saving equipment, especially in the Americas and Europe, the company said Wednesday.

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