Fanuc upgrades profit forecast on rebound in China orders

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.

Fanuc now expects to earn 125.3 billion yen in consolidated net profit during the fiscal year year ending March 2025, down 6% from the previous year. The average forecast by analysts in the QUICK Consensus survey placed the figure higher at 127 billion yen.