TOKYO -- Japanese industrial goods maker Nachi-Fujikoshi's group operating profit apparently jumped 44% to around 16 billion yen ($141 million) for the fiscal year ended Nov. 30 on growing demand for factory automation equipment, particularly in China.
This would mark a recovery after the Tokyo-based company's profit fell in fiscal 2016. Sales likely rose 11% to about 235 billion yen, 5 billion yen more than forecast.
