First Read: Fanuc "Announced a collaboration with Google for physical AI" (Buy)

Research evidence excerpt

First Read: Fanuc "Announced a collaboration with Google for physical AI" (Buy)

Global Research

13 May 2026ab

First Read

EquitiesFanuc

Announced a collaboration with Google for Japan

physical AI Factory Equipment

12-month rating Buy

12m price target ¥8,630

One step ahead of the industry on physical AI development

On 13 May, Fanuc announced a collaboration with Google in the field of physical AI.

Fanuc has already developed an AI agent system for industrial robots utilising generative Price (13 May 2026) ¥7,680

AI (Gemini Enterprise) and Google Cloud. Going forward, the plan is to conduct joint RIC: 6954.T BBG: 6954 JP

research on physical AI applications in collaboration with Google DeepMind. Through

Trading data and key metrics

this partnership with Google, which possesses advanced AI development capabilities,

Fanuc appears capable of accelerating the "intelligentization" of robots. Given the 52-wk range ¥7,750-3,712

increased likelihood of Fanuc establishing a leading position in the field of physical AI Market cap. ¥7,167b/US$45.4b

within the robotics industry, we think this announcement is likely to be positive for the Shares o/s 933m (ORD)

share price. Free float 94%

Avg. daily volume ('000) 5,814

The way AI agents can operate robots is remarkable Avg. daily value (m) ¥37,583.9

Fanuc introduced its AI agent system for industrial robots, which enables AI agents built Common s/h equity (03/27E) ¥1948b

using Gemini Enterprise to understand human instructions and autonomously control P/BV (03/27E) 3.7x

robot operations. In the demonstration released by the company, the AI agent Net debt to EBITDA (03/27E) NM

autonomously executed multiple robot operations, showcasing advancements in the

EPS (reported, basic) (¥)

application of physical AI in industrial robots.