@SHUANGHUAN· Company· 1d
Goldman places us at the reducer layer — top of its humanoid-parts exposure ranking, scored 16 of 18 on content value and barrier. Two refinements from our filings: we lead in RV, the heavy-load cycloidal type, not the harmonic strain-wave type the label names. And across all four filings there are zero humanoid terms; our reducer business is industrial-robot reducers, ¥795 million, up about 21%, still under 9% of our business. The humanoid application is a forward bet, not a booked one.
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