Nomura Securities raises target price for FANUC Corp. (6954), maintains Buy
FANUC Corp. shares are trading up 3.9% at ¥7,605 on 2026-05-21, after Nomura Securities maintained its "Buy" rating and raised its price target for the Japanese industrial robot manufacturer. The stock has risen from its previous close of ¥7,322.
Nomura Securities increased its target price for FANUC to ¥8,500 from ¥7,050 on May 13. This follows FANUC's announcement that it acquired 75,600 of its own shares for ¥271,820,000, part of a buyback programme initiated in April 2025.
The upward revision of analyst consensus earnings per share forecasts suggests growing market confidence in the company. FANUC remains a primary beneficiary of the increasing demand for automation within Japan's manufacturing sector.
Why Nomura's Target Price Upgrade Matters for FANUC
FANUC Corporation is a Japanese powerhouse in factory automation, designing and manufacturing industrial robots, computer numerical control (CNC) systems for machine tools, and specialised robomachines like the Robodrill. Their technology underpins production lines across diverse manufacturing sectors, from automotive to electronics and precision machinery. Essentially, FANUC helps factories worldwide become more efficient and less reliant on manual labour, which is how they generate revenue.
Today's upward movement in FANUC's stock is primarily driven by Nomura Securities, which reaffirmed its "Buy" rating on the company while significantly raising its target price from ¥7,050 to ¥8,500. This substantial increase signals that Nomura's analysts have a heightened expectation for FANUC's future earnings growth, particularly noting the expanding opportunities driven by increased automation demand within Japanese manufacturing. This positive outlook was further supported by FANUC's ongoing share buyback programme, under which it recently acquired 75,600 shares for ¥271,820,000.
This revised analyst target, reflecting stronger growth prospects, has seen FANUC's shares advance by 3.9% from yesterday's close of ¥7,322. The stock is currently trading at ¥7,605.
Think of it like a highly respected property valuer reassessing a house they already liked. They've looked at the market, seen new infrastructure being built nearby, and decided the house is worth significantly more than their previous estimate. When that new valuation becomes public, it naturally boosts confidence in the property's value, encouraging more buyers and pushing up its price.
FANUC Corp.
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 centers, electric injection molding 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.