0914 GMT - Fanuc's long-term growth is supported by its dominance in integrated computer numerical controllers and strong relationships with customers, Morningstar analyst Kangyuxiao Li says in a note. The company's strong robot sales in highly competitive China secures its position in mission-critical applications, while softer demand in other regions looks cyclical, Li says. Europe and Japan sales stayed muted, while 3Q China robot sales surged 87% on year. Li projects Fanuc's robot segment to drive overall sales growth at a 6% compound annual growth rate between FY 2024 and FY 2029. Morningstar lifts its fair value estimate by 5% to Y5,460 on a higher fiscal 2025 margin assumption, adding that shares are fairly valued. Shares last closed at Y4,982. (jason.chau@wsj.com)
(END) Dow Jones Newswires
November 05, 2025 04:14 ET (09:14 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Comments