April 24th: On the 24th, FANUC announced its forecast for consolidated operating income for the fiscal year ending March 2025 of 121 billion yen, down 14.7% from the previous fiscal year. The photo shows the FANUC logo taken on March 26th in Villepinte, near Paris, France (2024 Reuters/Benoit Tessier)
In addition to the continuing impact on production due to inventory adjustments, the situation remains unpredictable due to concerns about exchange rate trends and geopolitical risks.
President Kenji Yamaguchi said at a briefing that robot inventory adjustments will “take about another six months. Production levels will continue to be low.” As of January of this year, it was said that it would be “about six months away.” Although progress has been made, the timing of inventory adjustment was delayed, and the situation is not satisfactory.
On the other hand, Factory Automation says, “Inventory in China has decreased considerably.” However, even if the market bottoms out, the outlook is difficult to predict beyond that point, saying, “We expect orders to continue at the current level.”
Consolidated sales are expected to be 746.4 billion yen (down 6.1% from the previous year) and net income is expected to be 107.3 billion yen (down 19.4% from the previous year). The average exchange rate is assumed to be 135 yen to the dollar and 150 yen to the euro.
For the fiscal year ending March 2024, consolidated sales were 795.2 billion yen (down 6.7% from the previous year), operating income was 141.9 billion yen (down 25.8% from the previous year), and net income was 133.1 billion yen (21.9% from the previous year). ). Orders for robots in the January-March quarter were down 5.9% from the previous quarter, while orders for FA were up 26.8%.
*Please see the financial figures.
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