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Japan's Fanuc bumps up profit outlook on brisk China business

Robot maker rides automation demand to diversify client base beyond Apple

Robots crank out robots at full capacity in Fanuc's chief factory in Japan's Yamanashi Prefecture.

TOKYO -- Industrial robot maker Fanuc upgraded its full-year net profit outlook Friday for the third time this fiscal year, highlighting its success in seizing on China's rush to automate factories.

Japan-based Fanuc, which traditionally has gotten much of its business from U.S. electronics titan Apple, now sees group net profit growing 41% year-on-year to 180.2 billion yen ($1.64 billion) for the year ending March. It previously forecast a 29% gain to 164.9 billion yen.

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