Japan Specialist

Mark Chadwick

Over 20 years experience in equities and asset management in Asia and Japan. Qualified CFA with experience analyzing companies as a buy-side analyst. In-depth knowledge of company fundamental analysis, corporate governance and valuations.

Ohayo Japan|Benign PCE Deflator Spurs Equities; BOJ Easing to Continue: Nidec+Renasas = A Big Deal

Fanuc (6954) | Forget FA, Robots Are the Future

Equity Bottom-Up

<ul>
<li>Fanuc reported 1Q3/24 operating profit of ¥32.6 billion (-26.3% YoY), missing street expectations at around ¥43 billion</li>
<li>Fanuc cut full year guidance for operating profit to ¥118 billion (-38% YoY), way below street estimates of ¥176 billion</li>
<li>Turning bearish. We think the stock will essentially tread water given lack of catalysts over next 6-9 months and valuations</li>
</ul>


Fanuc reported 1Q3/24 operating profit of ¥32.6 billion (-26.3% YoY), missing street expectations at around ¥43 billion
Fanuc cut full year guidance for operating profit to ¥118 billion (-38% YoY), way below street estimates of ¥176 billion
Turning bearish. We think the stock will essentially tread water given lack of catalysts over next 6-9 months and valuations


Fanuc (6954) | Earnings Miss; Guidance Slashed

Fanuc Corp

Fanuc (6954) | Earnings Miss; Guidance Slashed