Fanuc Shares Jump by Most in Nearly 18 Years

Fanuc shares surged 16% to 7,256 yen, marking its largest single-day gain since October 2008, following strong annual results. The company reported a 13% increase in net profit and a 7.6% rise in net sales for the year ending in March, driven by robust demand in Japan, China, and India. Fanuc anticipates continued double-digit earnings growth and plans to buy back up to Y50 billion of its shares. Analysts noted that the results exceeded expectations, with sales growth across all segments, particularly benefiting from increased capital spending in the auto industry.