By Jason Chau
Shares in Fanuc soared after the Japanese industrial robot maker posted stronger-than-expected annual results, underscoring resilient demand for its factory automation and robotics products despite rising geopolitical risks and U.S. tariff-related headwinds.
The stock surged 16% to 7,256 yen in Tokyo on Monday, on track for its biggest single-day gain since October 2008.
Fanuc on Friday recorded a 13% jump in net profit and a 7.6% increase in net sales for the year ended March, saying demand from machine tool manufacturers in Japan, China and India was robust, while industrial robot sales jumped in the Americas and China, offsetting flat demand in Japan.
Investors also reacted positively to the company's guidance for continued double-digit earnings growth. Fanuc said it expects net income and operating income growth of 11% and nearly 16%, respectively, for the current fiscal year, with net sales likely to rise 6%.
The company also said it plans to buy back up to Y50 billion, equivalent to $313.7 million, of its own shares from May through April next year.
Fanuc's numbers beat market expectations, with sales up in all its business segments, said Andrew Jackson, head of Japan equity strategy at Ortus Advisors.
The company's fiscal-year guidance was also broadly in line with market estimates as its key global auto industry customers ramp up capital spending, Jackson said, noting that this trend "will definitely sharpen [investors'] focus back to factory automation plays overall."
Write to Jason Chau at jason.chau@wsj.com
(END) Dow Jones Newswires
April 27, 2026 01:59 ET (05:59 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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