FANUC CORPORATION <6954> is experiencing a sharp rebound. Investors are responding positively to the company's consolidated earnings forecast for the fiscal year ending March 2027, announced after market close on the 24th last week. The forecast projects sales of 909.6 billion yen (up 6.0% year-on-year), operating profit of 212.2 billion yen (up 15.5%), and net profit of 184.9 billion yen (up 11.0%), indicating double-digit profit growth. The company expects robust demand to continue across various sectors in its FA, Robot, and Robomachine divisions. The assumed exchange rates are 150 yen per dollar and 170 yen per euro.

For the fiscal year ended March 2026, FANUC reported sales of 857.831 billion yen (up 7.6% year-on-year), operating profit of 183.763 billion yen (up 15.7%), and net profit of 166.543 billion yen (up 12.9%). In the FA division, CNC systems performed well in Japan, driven by strong overseas demand for domestic machine tool manufacturers, as well as in India and China, where demand from industries actively investing in facilities was robust. In the Robot division, business was strong for EV-related applications and general industrial use in China.

Concurrently, FANUC announced a share buyback program with an upper limit of 10 million shares (1.07% of issued shares excluding treasury stock) or 50 billion yen, which is also being viewed favorably by the market. The acquisition period runs from May 1st to April 30th of next year. The company also announced it will cancel 111,063 treasury shares (0.01% of issued shares before cancellation) effective May 29th.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.