Japanese company enjoys order growth but remains cautious on outlook
Fanuc has logged five straight quarters of rising orders. (Photo by Arata Shigeno)
TOKYO -- Factory robot maker Fanuc has forecast a drop in annual profit despite revenue growth as U.S. tariffs threaten to raise its prices in a vital market.
Consolidated orders for the April-June quarter totaled 205.9 billion yen ($1.39 billion), up 4% on the year, the Japanese company said Friday.
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