Fanuc: Positive Surprises Are In Store

  • I maintain my Buy rating on Fanuc, expecting better-than-anticipated Q1 results and cash distributions. Market pessimism is overdone; peer and industry data suggest its core businesses are pretty resilient despite tariff headwinds. With its capex trending lower and Japan's corporate governance improving, Fanuc is well-positioned to boost shareholder returns through higher dividends and buybacks.