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.

Fanuc (6954 JP) – Let the Derating Begin

Fanuc (6954 JP) | Orders Slide as Automation Slows

Fanuc (6954) - Forget Yaskawa...a Slowdown Is Coming

Equity Bottom-Up

<ul>
<li>Fanuc's share price is geared into the machine tool cycle. Unfortunately the cycle is rolling over</li>
<li>Fanuc is also facing extreme margin pressure from rising parts and logistics costs</li>
<li>We expect the share price to trade down 20% from here and bottom at around 2x book value</li>
</ul>


Fanuc's share price is geared into the machine tool cycle. Unfortunately the cycle is rolling over
Fanuc is also facing extreme margin pressure from rising parts and logistics costs
We expect the share price to trade down 20% from here and bottom at around 2x book value


Fanuc Corp

Fanuc (6954 JP) | Beware of the Cycle