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Maker of factory automation: CNC machine controls, industrial robots, and robot-run machine tools.
Maker of factory automation: CNC machine controls, industrial robots, and robot-run machine tools.
Sells CNC controls, the computers that run machine tools, mostly through machine-tool builders who fit them into their machines, so each installed controller also creates demand for servo motors and later maintenance. Robots, the yellow arms, are sold largely to car and electronics factories. It was spun out of Fujitsu in 1972.
In one line: Japan's Rockwell Automation plus a robotics maker.
Moat: narrow (installed base, brand, distribution). Dominant CNC installed base and yellow-robot brand recognition with a large global service network.
Headquarters: Oshino, Yamanashi, Japan · Founded: 1972 · Employees: 10,040
Size Fanuc (6954.T) is a Japan Industrials company (Industrial Machinery) with a market value of $31.2B, the 52nd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥5,312 on 6 Nov 2026.
Performance Over six months the shares fell 22.7%, against -7.0% for the median peer and +1.8% for the Japan market (cap-weighted) — 6th lowest of 20 in its peer set.
Growth Revenue grew 13.1% over the last twelve months (peer median +7.5%); the operating margin is 23.2% (peer median 18.1%).
Valuation It trades at 22.0× forward earnings against a peer median of 24.2× (9th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 17% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is +8 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 2.1 points above its cost of capital (10.9% WACC).
Next results Next results expected around 27 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥924B | ¥858B | ¥797B | ¥795B | ¥852B |
| Revenue growth | — | +8% | 0% | -7% | — |
| Gross profit | ¥367B | ¥317B | ¥285B | ¥266B | ¥317B |
| EBITDA | ¥263B | ¥232B | ¥205B | ¥191B | ¥241B |
| Net income | ¥199B | ¥167B | ¥148B | ¥133B | ¥171B |
| Free cash flow | n/a | ¥230B | ¥214B | ¥118B | ¥52.4B |
| Capital expenditure | n/a | ¥21.2B | ¥40.8B | ¥53.9B | ¥47.1B |
| Total debt | n/a | ¥7.61B | ¥7.29B | ¥6.42B | ¥5.11B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Fanuc 6954.T | $31.2B | -23% | +13% | 23% | 22.0× | 16.9% |
| ABB ABBN.SW | $147B | -17% | +1% | 18% | 24.5× | 4.3% |
| Yaskawa Electric 6506.T | $5.71B | -38% | +6% | 8% | 19.7× | 24.8% |
| Siemens SIE.DE | $225B | -4% | +4% | 13% | 23.4× | 18.3% |
| Mitsubishi Electric 6503.T | $59.9B | -28% | +12% | 10% | 17.1× | 13.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 6954.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.6% | -3.1% | 6th lowest of 21 |
| 6-month return | -22.7% | -7.0% | 6th lowest of 20 |
| Distance from 52-week high | -40.2% | -29.3% | 7th lowest of 21 |
| Revenue growth (TTM) | +13.1% | +7.5% | 8th highest of 21 |
| Operating margin | 23.2% | 18.1% | 6th highest of 21 |
| Forward P/E | 22.0× | 24.2× | 9th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 16.9% | 15.8% | 9th most demanding of 19 |
| Growth delivered (Del g) | +9.2% | +9.0% | 9th highest of 19 |
| Hurdle (Req g minus delivered) | +7.7 pp | +5.1 pp | 8th most demanding of 19 |
| ROIC minus cost of capital | +2.1 pp | +4.3 pp | 7th lowest of 20 |
| EV / EBITDA | 15.8× | 17.5× | 6th cheapest of 15 |
| Net debt / EBITDA | -2.8× | 0.9× | 3rd least indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Fanuc 6954.T | Japan | $31.2B | -23% | +13% | 23% | 22.0× | 16.9% | +9.2% |
| Gree Electric Appliances, Inc. of Zhuhai 000651.SZ | China | $31.2B | -3% | -11% | 16% | 8.6× | -16.4% | 0.0% |
| Ingersoll Rand IR | United States | $31.9B | +10% | +8% | 19% | 21.8× | 17.3% | +14.0% |
| Veralto VLTO | United States | $28.5B | +35% | +6% | 22% | 24.6× | 8.3% | +4.8% |
| ASM International ASM.AS | Netherlands | $35.5B | -28% | +13% | 31% | 27.0× | 30.0% | +19.0% |
| Dover DOV | United States | $27.1B | -7% | +8% | 18% | 17.6× | 12.2% | +3.9% |
| Eoptolink Technology 300502.SZ | China | $36.0B | -54% | +101% | 44% | 12.3× | 21.7% | +65.5% |
| Advanced Micro-Fabrication Equipment Inc. China 688012.SS | China | $36.5B | +1% | +26% | 12% | 51.5× | 51.7% | +40.3% |
| Schindler SCHN.SW | Switzerland | $39.4B | +17% | -3% | 13% | 28.2× | 2.3% | +0.6% |
| Yushu Technology 688836.SS | China | $39.8B | n/a | +333% | 19% | n/a | n/a | n/a |
| Daikin Industries 6367.T | Japan | $40.4B | -1% | +11% | 8% | 21.8× | 7.4% | +15.0% |
| Carrier Global CARR | United States | $42.9B | -22% | +3% | 9% | 17.2× | 19.0% | +4.5% |
| Alfa Laval ALFA.ST | Sweden | $22.5B | 0% | +4% | 18% | 24.2× | 7.9% | +10.9% |
| Xylem XYL | United States | $22.4B | -14% | +2% | 16% | 17.4× | 12.1% | +13.1% |
| SYM SYM | United States | $22.3B | -30% | +20% | 1% | 101.9× | n/a | n/a |
| Smc 6273.T | Japan | $21.9B | -27% | +16% | 24% | 15.9× | 16.2% | +8.8% |
| Zhejiang Sanhua Intelligent Controls 002050.SZ | China | $21.5B | -28% | +3% | 15% | 33.3× | 23.8% | +20.8% |
| VAT VACN.SW | Switzerland | $19.0B | -11% | -2% | 25% | 48.2× | 25.8% | +9.2% |
| Woodward WWD | United States | $18.7B | -14% | +22% | 16% | 31.0× | 18.9% | +7.4% |
| Nordson NDSN | United States | $17.3B | +10% | +7% | 27% | 24.5× | 15.4% | +5.6% |
| IDEX IEX | United States | $16.7B | +5% | +7% | 21% | 23.7× | 14.7% | +8.0% |