Japan's Fanuc projects full-year profit growth on China rebound

Robot maker faces headwinds from slowing EV investment despite overall gains

20241025N Fanuc

Fanuc's robot division faces weak demand as EV makers scale back investment. (Fanuc)

TAKURO HOSODA, Nikkei staff writer

TOKYO -- Japan's Fanuc announced Friday that it now expects net profit to grow for the fiscal year ending March 2025 on a recovery in Chinese robomachine demand, though its mainstay robot division continues to suffer from weak investment tied to electric vehicles.

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