FANUC profits up nearly 5% in Q2

-
fanuc

FANUC opened its headquarters in Aguascalientes, Mexico in July 2022. | Source: FANUC America

FANUC recently closed its April-June quarter with a net profit of 42.1 billion yen, around $313 million, a nearly 5% increase from last year.  The company said it had strong demand for its robots in lithium-ion battery plants, due to growth in the electric vehicle market, and in the logistics and food industries. FANUC’s sales increased 14% to 211.5 billion yen, over $1.5 billion.

While FANUC’s sales overall increased, the company did see a 12% drop in sales to China, one of the company’s biggest markets. Shanghai’s recent COVID-19 lockdown delayed product deliveries, but FANUC president Kenji Yamaguchi said during the earnings call that demand in China has not changed before or after the lockdown.

FANUC isn’t alone in facing struggles in China, however. There have been reports of major layoffs at Pudu Robotics, a Chinese developer of commercial service robots. Pudu’s CEO, Tao Zhang, cited downward shifts in the global economy for the layoffs. Collaborative robotic arm (cobot) leader Universal Robots also said its demand in China was reduced due to COVID lockdowns.

FANUC’s quarter orders, which are typically early indications of earnings, hit 234 billion yen, around $1.7 billion, a 4% increase. Quarterly orders for the Americas rose 47% due to large orders from the automotive industry. Quarterly orders from China dropped 15% because of low orders for numerical control machines.

While FANUC’s operating profit shrank from the first to second quarter of this year due to higher material and logistics costs, its net profit increased due to the company booking 7.7 billion yen, over $57 million, in equity method investment gains from Chinese joint ventures.

In March 2022, FANUC added three new models to its CRX cobot series. The new models provide 5 kg, 20 kg and 25 kg payload capacities, providing heaving and lighter payloads than the original cobots in the line. The CRX line of cobots are designed for a variety of applications, including inspection, machine load/unload, packing, palletizing, sanding, welding and more.

The post FANUC profits up nearly 5% in Q2 appeared first on The Robot Report.



from The Robot Report - Robotics News, Analysis & Research https://ift.tt/VTgBP80
via artificialconference

Comments

Post a Comment

Popular posts from this blog

Chipotle testing avocado processing robot in test kitchen

-
Image
Chipotle Mexican Grill announced Autocado, an avocado processing cobotic prototype that cuts, cores, and peels avocados before they are hand mashed to create the restaurant’s famous guacamole. The prototype, developed in collaboration with Vebu , is currently being tested at the Chipotle Cultivate Center in Irvine , California.  How Autocado works  A team member loads Autocado with a full case of ripe avocados and selects the size setting. Autocado can hold up to 25 lbs. of avocados at once. One at a time, avocados are vertically oriented, then transferred to the processing device. The avocados are sliced in half. Their cores and skin are automatically removed, and the waste is discarded.  The fruit is safely collected in a stainless-steel bowl at the bottom of the device.  A team member removes the bowl of avocado fruit and moves it to the counter where they add additional ingredients and hand mash the avocados to make Chipotle’s signature guacamole.  How the Autocado idea s
Read more

Inside Comaus testing of Intrinsic Flowstate

-
Image
Intrinsic tested its latest platform and Flowstate with Comau , an Italian-based robot manufacturer and global systems integrator. Comau has been working with Intrinsic for several years now to validate Intrinsic’s platform technology and developer product, Flowstate, through real-world use cases.  Flowstate, announced earlier this year in May , is a robotic software development platform. It’s Intrinsic’s first developer product built on the Intrinsic platform. Comau was also introduced as the company’s first industry partner in May.  The Intrinsic Flowstate software  adds a layer of abstraction to traditional robotic software tools with the goal of reducing the development skillset required while making it easier than ever before to program a robot in simulation. “Partnering with Comau over the years has brought our team a tremendous amount of expertise, knowledge, and real-world use cases to focus our efforts on. We’re excited for what’s next and what it will mean to the solutio
Read more

ABB launches Flexley mobile robots, completing rebranding of ASTI AMRs

-
Image
Rebranded ABB Flexley autonomous mobile robots (AMRs) completes the integration of ASTI into ABB Robotics business. | Credit: ABB ABB launched its first range of rebranded Autonomous Mobile Robots (AMRs) following its acquisition of mobile robot leader ASTI Mobile Robotics in 2021 for $190M . ASTI Mobile Robotics’ solutions are now rebranded and integrated into ABB’s portfolio, grouped under the Flexley name, indicating the flexibility of operations that the AMRs offer. The first rebranded models to be released, Flexley Tug and Flexley Mover, cover applications including towing, trolley transportation up to 5,350 lbs (2000 kg), as well as lifting and transporting racks, containers and pallets of 4,000 lbs (1,500 kg). The ABB Flexley Mover (l) and ABB Flexley Tug (r) become the first rebranded ABB AMRs to be released. | Credit: ABB ABB joins OMRON corporation as the second automation solutions company to offer a complete lineup of autonomous mobile robots (AMRs), industrial robo
Read more