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TOKYO -- Orders received by Japanese machine tool producers increased 8% on the year in July to 123.9 billion yen ($850 million), an industry group said Thursday, driven by demand in China and the U.S.
TOKYO -- Japanese robot maker Fanuc has been withholding investment and reducing excess inventory, a defensive approach that has boosted its free cash flow to 560 billion yen ($3.8 billion) and has investors wondering when and how it will use this war chest.
TOKYO -- Japanese factory automation supplier Fanuc on Monday raised its annual net profit outlook by 18 billion yen ($117 million) on a recovery in orders from China, where government subsidies are driving demand despite a sluggish economy.
TOKYO -- Fanuc's U.S. subsidiary has opened a $110 million facility in Michigan to store, sell and maintain made-in-Japan industrial robots for North American customers, expanding its footprint in a region with brisk demand for automation.
TOKYO -- Japanese parts supplier MinebeaMitsumi plans to invest nearly 50 billion yen ($321 million) to build a factory in Cambodia and increase solar power output at plants in Thailand, Nikkei has learned.