Live News • May 30
Fanuc Teams With Google to Accelerate AI Robotics Shipments for Manufacturers Fanuc has partnered with Google to apply Google's AI technologies to industrial robots, aiming to make them smarter and more adaptive for manufacturers.
The company supports the open-source Robot Operating System, which is intended to simplify deployment of physical AI robot systems.
Since launching in December, Fanuc has shipped over 1,000 robots tied to physical AI-related applications.
The key takeaway is that Fanuc is leaning into AI-enabled automation, with shipments of more than 1,000 robots for physical AI use cases since December.
For investors, the partnership with Google and support for open-source software highlight a push toward AI-driven robotics. It remains important to monitor how this development is reflected in orders, margins and long-term adoption by manufacturers. Reported Earnings • Apr 25
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥178 (up from JP¥157 in FY 2025). Revenue: JP¥857.8b (up 7.6% from FY 2025). Net income: JP¥166.5b (up 13% from FY 2025). Profit margin: 19% (in line with FY 2025). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 3.6%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 25
Fanuc Corporation, Annual General Meeting, Jun 25, 2026 Fanuc Corporation, Annual General Meeting, Jun 25, 2026. Announcement • Apr 22
Fanuc Corporation to Report Fiscal Year 2026 Results on Apr 24, 2026 Fanuc Corporation announced that they will report fiscal year 2026 results on Apr 24, 2026 Buy Or Sell Opportunity • Apr 01
Now 25% overvalued Over the last 90 days, the stock has fallen 6.4% to JP¥5,693. The fair value is estimated to be JP¥4,555, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 6.5% per annum. Earnings are also forecast to grow by 8.3% per annum over the same time period. Declared Dividend • Mar 16
Dividend of JP¥50.07 announced Shareholders will receive a dividend of JP¥50.07. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 1.7%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Jan 28
Price target increased by 7.6% to JP¥6,530 Up from JP¥6,067, the current price target is an average from 21 analysts. New target price is 7.0% above last closing price of JP¥6,101. Stock is up 28% over the past year. The company is forecast to post earnings per share of JP¥173 for next year compared to JP¥157 last year. Reported Earnings • Jan 27
Third quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2026 results: EPS: JP¥39.70 (up from JP¥35.21 in 3Q 2025). Revenue: JP¥215.7b (up 9.5% from 3Q 2025). Net income: JP¥37.0b (up 13% from 3Q 2025). Profit margin: 17% (in line with 3Q 2025). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Jan 27
Fanuc Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2026 Fanuc Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2026. For the full fiscal year, the company projects net sales to reach JPY 840,700 million, operating income JPY 172,900 million, net income attributable to owners of parent of JPY 158,000 million and Net income per share expected to be JPY 169.32 compared to previous guidance of net sales of JPY 818,800 million, operating income of JPY 175,900 million and net income attributable to owners of parent of JPY 157,300 million. Announcement • Dec 20
Fanuc Corporation to Report Q3, 2026 Results on Jan 26, 2026 Fanuc Corporation announced that they will report Q3, 2026 results on Jan 26, 2026 New Risk • Dec 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥5,953, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 15x in the Machinery industry in Japan. Total returns to shareholders of 54% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,692 per share. Reported Earnings • Nov 01
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: JP¥44.98 (up from JP¥43.75 in 2Q 2025). Revenue: JP¥211.2b (up 9.5% from 2Q 2025). Net income: JP¥42.0b (up 2.1% from 2Q 2025). Profit margin: 20% (down from 21% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Oct 06
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 21% to JP¥4,545. The fair value is estimated to be JP¥3,637, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.3%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are also forecast to grow by 5.0% per annum over the same time period. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥47.58 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%). Announcement • Sep 02
Fanuc Corporation to Report Q2, 2026 Results on Oct 31, 2025 Fanuc Corporation announced that they will report Q2, 2026 results on Oct 31, 2025 Reported Earnings • Jul 26
First quarter 2026 earnings: EPS exceeds analyst expectations First quarter 2026 results: EPS: JP¥40.56 (up from JP¥30.46 in 1Q 2025). Revenue: JP¥196.4b (flat on 1Q 2025). Net income: JP¥37.8b (up 31% from 1Q 2025). Profit margin: 19% (up from 15% in 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 3% per year. Announcement • Jul 25
Fanuc Corporation Provides Earnings Guidance for the Six Months Ending September 30, 2025 and Fiscal Year Ending March 31, 2026 Fanuc Corporation provides earnings guidance for the six months ending September 30, 2025 and fiscal year ending March 31,2026. For the six months period, the company expects
Net sales to be JPY 397,600. Operating income to be JPY 81,500. Net income attributable to owners of parent to be JPY 74,700. The net income per share to be JPY 80.05 per share.
For the year, the company expects Net sales to be JPY 807,000. Operating income to be JPY 159,500. Net income attributable to owners of parent to be JPY 143,000. The net income per share to be JPY 153.25 per share. Buy Or Sell Opportunity • Jul 24
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to JP¥4,425. The fair value is estimated to be JP¥3,611, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 5.6%. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 5.4% per annum over the same time period. Declared Dividend • Jul 20
Final dividend of JP¥47.58 announced Shareholders will receive a dividend of JP¥47.58. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 2.6%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 21
Fanuc Corporation to Report Q1, 2026 Results on Jul 25, 2025 Fanuc Corporation announced that they will report Q1, 2026 results on Jul 25, 2025 Reported Earnings • Apr 24
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥157 (up from JP¥140 in FY 2024). Revenue: JP¥797.1b (flat on FY 2024). Net income: JP¥147.6b (up 11% from FY 2024). Profit margin: 19% (up from 17% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.0%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 4% per year. New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.0% average weekly change). Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥3,598, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 11x in the Machinery industry in Japan. Total loss to shareholders of 10% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,159 per share. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥45.25 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.1%). Announcement • Mar 12
Fanuc Corporation to Report Fiscal Year 2025 Results on Apr 23, 2025 Fanuc Corporation announced that they will report fiscal year 2025 results on Apr 23, 2025 Reported Earnings • Jan 28
Third quarter 2025 earnings: EPS exceeds analyst expectations Third quarter 2025 results: EPS: JP¥35.21 (down from JP¥36.34 in 3Q 2024). Revenue: JP¥197.1b (flat on 3Q 2024). Net income: JP¥32.9b (down 4.5% from 3Q 2024). Profit margin: 17% (in line with 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.7%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jan 07
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 3.1% to JP¥4,248. The fair value is estimated to be JP¥3,475, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has declined by 4.4%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 7.6% per annum over the same time period. Announcement • Dec 10
Fanuc Corporation to Report Q3, 2025 Results on Jan 27, 2025 Fanuc Corporation announced that they will report Q3, 2025 results on Jan 27, 2025 Reported Earnings • Oct 26
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: EPS: JP¥43.95 (up from JP¥35.28 in 2Q 2024). Revenue: JP¥192.9b (down 2.1% from 2Q 2024). Net income: JP¥41.1b (up 22% from 2Q 2024). Profit margin: 21% (up from 17% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 28%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 4% per year and the company’s share price has also fallen by 4% per year. Buy Or Sell Opportunity • Oct 18
Now 22% overvalued Over the last 90 days, the stock has fallen 9.2% to JP¥3,983. The fair value is estimated to be JP¥3,273, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 8.6% per annum over the same time period. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥36.36 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 61% and the cash payout ratio is 76%. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.9%). Buy Or Sell Opportunity • Sep 20
Now 21% overvalued Over the last 90 days, the stock has fallen 5.5% to JP¥3,965. The fair value is estimated to be JP¥3,288, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 4.3% per annum. Earnings are also forecast to grow by 8.4% per annum over the same time period. Announcement • Sep 04
Fanuc Corporation to Report Q2, 2025 Results on Oct 25, 2024 Fanuc Corporation announced that they will report Q2, 2025 results on Oct 25, 2024 Reported Earnings • Jul 31
First quarter 2025 earnings released: EPS: JP¥30.46 (vs JP¥31.82 in 1Q 2024) First quarter 2025 results: EPS: JP¥30.46 (down from JP¥31.82 in 1Q 2024). Revenue: JP¥195.1b (down 3.3% from 1Q 2024). Net income: JP¥28.8b (down 5.0% from 1Q 2024). Profit margin: 15% (in line with 1Q 2024). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 3% per year. Buy Or Sell Opportunity • Jul 26
Now 21% overvalued Over the last 90 days, the stock has fallen 9.5% to JP¥4,097. The fair value is estimated to be JP¥3,373, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 5.8%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 9.1% per annum over the same time period. Announcement • Jun 23
Fanuc Corporation to Report Q1, 2025 Results on Jul 29, 2024 Fanuc Corporation announced that they will report Q1, 2025 results on Jul 29, 2024 Reported Earnings • Apr 25
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥140 (down from JP¥179 in FY 2023). Revenue: JP¥795.3b (down 6.7% from FY 2023). Net income: JP¥133.2b (down 22% from FY 2023). Profit margin: 17% (down from 20% in FY 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 6.3%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Apr 24
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 6.9% to JP¥4,613. The fair value is estimated to be JP¥3,728, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥35.16 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 65% but the company is paying out more than the cash it is generating. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.9%). Announcement • Mar 08
Fanuc Corporation to Report Fiscal Year 2024 Results on Apr 24, 2024 Fanuc Corporation announced that they will report fiscal year 2024 results on Apr 24, 2024 Reported Earnings • Jan 27
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: JP¥36.34 (down from JP¥47.75 in 3Q 2023). Revenue: JP¥197.8b (down 10% from 3Q 2023). Net income: JP¥34.4b (down 25% from 3Q 2023). Profit margin: 17% (down from 21% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 27%. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jan 22
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to JP¥4,285. The fair value is estimated to be JP¥3,559, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings are also forecast to grow by 9.0% per annum over the same time period. Announcement • Nov 29
Fanuc Corporation to Report Q3, 2024 Results on Jan 26, 2024 Fanuc Corporation announced that they will report Q3, 2024 results on Jan 26, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: JP¥35.28 (down from JP¥44.01 in 2Q 2023). Revenue: JP¥196.9b (down 3.7% from 2Q 2023). Net income: JP¥33.6b (down 20% from 2Q 2023). Profit margin: 17% (down from 21% in 2Q 2023). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Nov 01
Fanuc Corporation (TSE:6954) announces an Equity Buyback for 6,250,000 shares, representing 0.66% for ¥25,000 million. Fanuc Corporation (TSE:6954) announces a share repurchase program. Under the program, the company will repurchase 6,250,000 shares, representing 0.66% of the outstanding shares(post split-off), for ¥25,000 million. The purpose of the program is to respond to changes in the business environment and ensure flexibility and maneuverability of capital policy. The program will run until April 30, 2024. As of September 30, 2023, the company had 952,728,874 issued shares (excluding treasury stock) and 50,345,115 treasury shares. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥44.52 per share at 2.7% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 64% but the company is paying out more than the cash it is generating. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.1%). Announcement • Aug 27
Fanuc Corporation to Report Q2, 2024 Results on Oct 31, 2023 Fanuc Corporation announced that they will report Q2, 2024 results on Oct 31, 2023 Major Estimate Revision • Aug 04
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥848.3b to JP¥801.0b. EPS estimate also fell from JP¥161 per share to JP¥138 per share. Net income forecast to shrink 10% next year vs 3.8% growth forecast for Machinery industry in Japan . Consensus price target down from JP¥5,231 to JP¥5,078. Share price fell 12% to JP¥4,109 over the past week. Reported Earnings • Jul 29
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: JP¥31.82 (down from JP¥44.00 in 1Q 2023). Revenue: JP¥201.8b (down 4.6% from 1Q 2023). Net income: JP¥30.3b (down 28% from 1Q 2023). Profit margin: 15% (down from 20% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • May 28
Fanuc Corporation to Report Q1, 2024 Results on Jul 28, 2023 Fanuc Corporation announced that they will report Q1, 2024 results on Jul 28, 2023 Reported Earnings • Apr 28
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥893 (up from JP¥162 in FY 2022). Revenue: JP¥852.0b (up 16% from FY 2022). Net income: JP¥170.6b (up 9.9% from FY 2022). Profit margin: 20% (down from 21% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jan 28
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: JP¥239 (up from JP¥209 in 3Q 2022). Revenue: JP¥220.0b (up 17% from 3Q 2022). Net income: JP¥45.6b (up 14% from 3Q 2022). Profit margin: 21% (in line with 3Q 2022). Revenue exceeded analyst estimates by 9.9%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Nov 30
Fanuc Corporation to Report Q3, 2023 Results on Jan 27, 2023 Fanuc Corporation announced that they will report Q3, 2023 results on Jan 27, 2023 Board Change • Nov 16
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Independent Outside Director Hiroto Uozumi was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: JP¥220 (up from JP¥200 in 2Q 2022). Revenue: JP¥204.6b (up 23% from 2Q 2022). Net income: JP¥42.1b (up 9.7% from 2Q 2022). Profit margin: 21% (down from 23% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 6.5%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥260 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 59% and the cash payout ratio is 95%. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.4%). Reported Earnings • Jul 30
First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2023 results: EPS: JP¥220 (up from JP¥210 in 1Q 2022). Revenue: JP¥211.6b (up 14% from 1Q 2022). Net income: JP¥42.1b (up 4.5% from 1Q 2022). Profit margin: 20% (down from 22% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 8.1%. Earnings per share (EPS) missed analyst estimates by 4.5%. Over the next year, revenue is forecast to grow 10%, compared to a 10% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 28
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: JP¥809 (up from JP¥490 in FY 2021). Revenue: JP¥733.0b (up 33% from FY 2021). Net income: JP¥155.3b (up 65% from FY 2021). Profit margin: 21% (up from 17% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.3%. Over the next year, revenue is forecast to grow 11%, compared to a 8.1% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Buying Opportunity • Apr 27
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be JP¥25,147, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.8%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings is also forecast to grow by 6.5% per annum over the same time period. Reported Earnings • Jan 28
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: JP¥209 (up from JP¥142 in 3Q 2021). Revenue: JP¥188.8b (up 30% from 3Q 2021). Net income: JP¥40.1b (up 47% from 3Q 2021). Profit margin: 21% (up from 19% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.2%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 8.3%, compared to a 9.5% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Oct 28
Second quarter 2022 earnings released: EPS JP¥200 (vs JP¥99.16 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥166.2b (up 37% from 2Q 2021). Net income: JP¥38.4b (up 102% from 2Q 2021). Profit margin: 23% (up from 16% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥231 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (1.4%). Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥26,985, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 15x in the Machinery industry in Japan. Total returns to shareholders of 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥15,556 per share. Reported Earnings • Jul 30
First quarter 2022 earnings released: EPS JP¥210 (vs JP¥47.39 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥185.3b (up 70% from 1Q 2021). Net income: JP¥40.3b (up 343% from 1Q 2021). Profit margin: 22% (up from 8.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Apr 29
Full year 2021 earnings released: EPS JP¥490 (vs JP¥382 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥551.3b (up 8.5% from FY 2020). Net income: JP¥94.0b (up 28% from FY 2020). Profit margin: 17% (up from 14% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 15
New 90-day high: JP¥29,000 The company is up 18% from its price of JP¥24,525 on 17 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥12,343 per share. 
