Fanuc
Categories
#818
Rank
$23.98B
Marketcap
Japan
Country
Mr. Yoshihiro Gonda (CFO, Sr. EVP & GM of Corp. Admin. Division)
Mr. Hiroyuki Uchida (CTO, Sr. EVP & GM of ROBOMACHINE Bus. Division)
Industrial Manufacturing
Technology
Summary
Fanuc Corporation provides factory automation products in Japan, the Americas, Europe, China, the rest of Asia, and internationally.
The company offers CNC series products, servo motors, lasers, robots, compact machining centres, electric injection moulding machines, wire electrical discharge machines, and ultra-precision machines. It also provides FANUC intelligent edge link and drive systems, an open platform for the manufacturing industry. The company was incorporated in 1950 and is headquartered in Yamanashi, Japan.
History
In 1955, Fujitsu Ltd. approached Seiuemon Inaba, who was then a young engineer, to lead a new subsidiary purposed to make the field of numerical control. This nascent form of automation involved sending instructions encoded into punched cards or magnetic tape to motors that controlled the movement of tools, effectively creating programmable versions of the lathes, presses, and milling machines. Within three years after spending heavily in R&D, he and his team of 500 employees shipped Fujitsu's first numerical-control machine to Makino Milling Machine Co.
In 1972, the Computing Control Division became independent and FANUC Ltd. was established. The next phase of expansion would be computer numerical control, which relied on G-code, a standard programming language. At the time, the 10 largest CNC companies in the world were based in the U.S. However, by 1982, FANUC had captured half of the world CNC market. FANUC is listed on the first section of the Tokyo Stock Exchange and is a constituent of the TOPIX 100 and Nikkei 225 stock market indices. It is headquartered in Yamanashi Prefecture.
In 1982, Fanuc entered into a joint venture with General Motors Corporation, called GMFanuc Robotics Corporation, to produce and market robots in the United States. The new company was 50 percent owned by each partner and was based in Detroit, with GM providing most of the management and FANUC the products.
The two companies formed GE Fanuc Automation to manufacture computerized numerical control devices. GE stopped making its own CNC equipment and turned its Charlottesville, Virginia, plant over to the new company which produces Fanuc CNC devices. Fanuc adopted the German engineering slogan Weniger Teile, which means "fewer parts;" machines with fewer parts are cheaper to produce and easier for automatons to assemble, resulting in higher reliability and lower manufacturing costs.
The company's clients include numerous U.S. and Japanese automobile and electronics manufacturers. The use of industrial robots has allowed companies like Panasonic in Amagasaki to run factories which produce 2 million television sets a month with just 25 people. Fanuc has over 240 joint venture subsidiaries and offices in over 46 countries. It is the largest maker of CNC controls by market share with 65% of the global market. and is the leading global manufacturer of factory automation systems.
Mission
“Realizing international standard company with competitive advantages and synergies.”
Vision
“Build competencies through human resource development.”
Key Team
Mr. Yutaka Saito (Sr. EVP, CISO & GM of IoT Bus. Division)
Mr. Hiroshi Noda (Exec. Managing Officer & GM of FA Bus. Division)
Dr. Kiyonori Inaba (Exec. Managing Officer & GM of Robot Bus. Division)
Recognition and Awards
References
https://en.wikipedia.org/wiki/FANUC
https://www.crunchbase.com/organization/fanuc-corporation
https://sec.report/CIK/0001446596
https://finance.yahoo.com/quote/FANUY/
https://www.comparably.com/companies/fanuc
https://companiesmarketcap.com/largest-companies-by-revenue/
https://www.forbes.com/companies/fanuc/
https://www.reuters.com/markets/companies/6954.T/
https://www.globaldata.com/company-profile/fanuc-corp/
https://www.investing.com/equities/fanuc-corporation
Mr. Yoshihiro Gonda (CFO, Sr. EVP & GM of Corp. Admin. Division)
Mr. Hiroyuki Uchida (CTO, Sr. EVP & GM of ROBOMACHINE Bus. Division)
Industrial Manufacturing
Technology