Fanuc is well-positioned for long-term, secular growth in the industrial robotics industry, as the world’s largest computer numerical control and industrial robotics manufacturer. The factory automation division makes up approximately one-third of total sales and has the leading global market share with its CNC automated control software for machine tools. With an established reputation and record that support its ability to maintain a 50% market share, this business should grow along with its machine tool manufacturer customers, as the software/control console will differentiate the quality of machine tools and meet increasing demands for extremely high precision by end users.