Japanese manufacturing industry has benefited from semiconductor and display panel investment opportunities. In 2017 fiscal year (2017/4~2018/3), many manufacturers have reported good news. Keyence is one of the automation equipment factories. Most manufacturers also account for 2018 accounting. The annual performance is optimistic; however, although the performance of Fanuc, an automation equipment manufacturer, has also grown, it has a pessimistic view on the 2018 fiscal year, which is beyond the expectation. As the Industrial Internet of Things (IIoT) drove the automation of production, manufacturers from all over the world actively invested in related equipment, and Keyence's related sensor orders continued to grow, which made the company's performance grow significantly; although Keyence's fiscal year 2016 is only 9 months, Can not be directly compared with the 2017 fiscal year, but in terms of revenue, profit, and net profit, 2017 fiscal year is estimated to have 30 to 40% growth, setting a record in the company's history. According to reports, Keyence President Yamamoto Akira said that due to the lack of significant changes in the global business environment, the plant is expected to continue its growth in the 2018 fiscal year. However, Fanucko opposes the view that there is no obvious change in the global business environment, because the trade war between the United States and the mainland will have obvious adverse effects on various industries, and the yen exchange rate will usually rise, which is another for the Japanese export industry. It is a heavy blow. In the FANUC 2017 fiscal year financial report, the plant's revenue growth of 35%, profit growth of 50%, but for the 2018 fiscal year forecast, revenue will decline by 13%, fell to the 2015 fiscal year level, profit will fall 40 %, close to the 2016 fiscal year level. Although the market pointed out that FANUC's initial financial forecast has always been conservative, according to the April 2017 financial forecast, the revenue and profit will be lower than the 2016 fiscal year level, and then the quarterly earnings report continues to increase, now only reflects the conservative mentality of Fanuc . But in addition to the trade war and the yen exchange rate may damage the interests of Japanese manufacturers, FANUC's automation equipment market, focusing on smart phone casing processing robots, unlike Keyence's sensor-focused, now the smart phone market is nearing maturity, It is difficult to have a large room for growth, or even a decline, which is significantly different from the IoT sensor market, where demand continues to grow. And FANUC's current important orders for mainland mobile phone factories have the greatest impact in the current US-to-continental trade war. FANUC's financial measures are conservative. As in the previous example of 2015, the factory orders have been affected, so only dare to underestimate Dare to overestimate, this is also different from Keyence. Keyence and Fanuc's assessment of the South and the North, the response is different, or the market is different, still to be observed.
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