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Tool maker Nachi-Fujikoshi's profit likely ratcheted up 44%

Industrial robot sales surged on rising international demand

Factory robots have become a fast-growing segment for Nachi-Fujikoshi, whose core business is automotive bearings.

TOKYO -- Japanese industrial goods maker Nachi-Fujikoshi's group operating profit apparently jumped 44% to around 16 billion yen ($141 million) for the fiscal year ended Nov. 30 on growing demand for factory automation equipment, particularly in China.

This would mark a recovery after the Tokyo-based company's profit fell in fiscal 2016. Sales likely rose 11% to about 235 billion yen, 5 billion yen more than forecast.

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