TOKYO — Japanese industrial robotic builder Fanuc now expects web revenue to fall 34% on the 12 months for the fiscal 12 months ending March 2024 in a pointy forecast downgrade as Chinese language financial weak spot stalls its manufacturing unit automation enterprise.
Consolidated web revenue has been revised down by 24 billion yen ($171 million) to 113.1 billion yen. Gross sales are projected to fall 12% to 750.3 billion yen, with working revenue lowering 38% to 118.3 billion yen. This may mark the primary web revenue decline in 4 years.