Oct. 25 (Bloomberg) -- Fanuc Corp., whose yellow robots help Nissan Motor Co. weld cars, fell the most in three weeks in Tokyo trading after reporting earnings that missed its forecast.
The company dropped 3 percent to 12,160 yen at the close of trading, the biggest decline since Oct. 3. The benchmark Nikkei 225 Stock Average slipped 0.9 percent.
Fanuc reported half-year earnings of 379.18 yen per share, compared with its forecast of 383.15 yen, according to a statement to the Tokyo Stock Exchange today. The Yamanashi-based company also delayed its earnings announcement for an hour because of a “procedural” issue.
The robot-maker forecast full-year net income of 150 billion yen ($2 billion) for the year ending March 31. That is an increase of 25 percent from last year.
--Editors: Neil Denslow, Michael Tighe
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