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) - Forget Yaskawa...a Slowdown Is Coming

Equity Bottom-Up

<ul>
<li>Machine tool orders are losing momentum given the geopolitical risks and shortage of materials</li>
<li>Margins are also order pressure given soaring materials and transportation costs</li>
<li>FY3/23 OP guidance misses consensus, but it is not conservative. We expect the share price to head lower</li>
</ul>


Machine tool orders are losing momentum given the geopolitical risks and shortage of materials
Margins are also order pressure given soaring materials and transportation costs
FY3/23 OP guidance misses consensus, but it is not conservative. We expect the share price to head lower


Fanuc (6954 JP) | Orders Slide as Automation Slows

Fanuc Corp

Fanuc (6954 JP) | Orders Slide as Automation Slows