(TRANSLATION)
This document has been translated from the Japanese original for reference purposes only. In the event of any
discrepancy between this translated document and the Japanese original, the original shall prevail. The Company
assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from thetranslation.

Consolidated Quarterly Financial Results(based on Japanese standards)
For the nine months ended December 31, 2023
January 26, 2024
Company name:
FANUC CORPORATION
Stock exchange listing: Tokyo Stock Exchange
Stock code:6954
URL: https://www.fanuc.co.jp/eindex.html
Representative: (Title) President(Name) Kenji YamaguchiContact:(Title) Manager, Public Relations & Shareholders Relations Department(Name) Naoki Yukisada
TEL: (0555)84－5555
Scheduled date of filing quarterly report: February 9, 2024
Scheduled date of commencing dividend payments: Availability of supplementary briefing material on quarterly financial results: Yes
Quarterly financial results briefing session: Yes
1. Consolidated Financial Results for the Nine Months Ended December 31, 2023 (April 1, 2023 – December 31,2023)(1) Consolidated Results of Operations(% represents changes from the previous corresponding nine-month period.)
Net income
Nine months
ended
Net sales
Operating income
Ordinary income
attributable to owners
December 31of parent
Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen

2023
596,525(6.2)
107,423(27.0)
135,146(24.0)
98,3402022
636,11317.7
147,158
5.2
177,795
10.1
129,807
Note: Consolidated comprehensive income:April-December 2023: ¥144,589 million (13.3)%
April-December 2022: ¥166,818 million 21.0%
Nine months
endedDecember 31

Net income
per share

Net income
per share(diluted)

Yen

Yen%

(24.2)
9.3

2023
103.43—2022
135.75—
Note: On April 1, 2023, the Company performed a 1-to-5 stock split of common share. “Net income per share” wascalculated assuming that the stock split was performed at the beginning of the previous fiscal year.
(2) Consolidated Financial Position
Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen%

1,860,791
1,651,645
1,873,536
1,627,555(Reference) Equity: December 31, 2023: ¥1,639,232 million
December 31, 2023
March 31, 2023

88.1
86.2
March 31, 2023: ¥1,615,376 million

2. Dividends
Dividends per share
1st Quarter

2nd Quarter

3rd Quarter

Fiscal year-end

Full year

Yen

Yen

Yen

Yen

Yen

FY2022264.02271.64535.66——FY2023
40.26——FY2023——(forecast)
Note: We have not changed the forecasts of dividends from the latest ones.
Note: On April 1, 2023, the Company performed a 1-to-5 stock split of common share. Figures for FY2022 are theactual amount of dividends before the stock split.
Note: The year-end dividends for FY2023 will be disclosed promptly upon their availability.
3. Consolidated Financial Forecasts for FY 2023 (April 1, 2023 – March 31, 2024)(% represents changes from the previous fiscal year.)
Net income
Net income
Net sales
Operating income
Ordinary income
attributable toper shareowners of parent
Millions of yen%

Millions of yen%

Millions of yen%

771,500 (9.4)
132,200 (30.9)
167,600 (27.5)
Full year
Note: We have changed the forecasts of financial results from the latest ones.

%

Millions of yen

122,600 (28.1)

Yen

129.09*Notes(1) Changes in Significant Subsidiaries during the nine months ended December 31, 2023
(changes in specific subsidiaries that caused change in scope of consolidation) : No
(2) Adoption of Simplified and Specifically Applied Accounting Method for Quarterly
Consolidated Financial Reporting:No(3) Changes in Accounting Principles and Accounting Estimates, and Revisions/Restatements
1.

Changes in accounting principles associated with changes inaccounting standards:

No

2.

Changes in accounting principles other than 1:

Yes

3. Changes in accounting estimates:

No4. Revisions/Restatements:No

Note: For details, please see “3. Other information (3) Changes in Accounting Principles and Accounting
Estimates, and Revisions/Restatements” on page 8 of the Accompanying Documents.
(4) Number of shares outstanding (Common shares)
1.

Number of shares outstanding at the end of the period (including treasury stocks)
1,003,073,989
December 31, 2023
March 31, 2023
shares2.

Number of treasury stocks at the end of the period
56,521,333
December 31, 2023
sharesMarch 31, 2023

56,626,695
shares3.

Average number of shares during the period
950,802,544
April-December 2023
sharesApril-December 2022

956,212,515
shares1,009,546,985
sharesNote: On April 1, 2023, the Company performed a 1-to-5 stock split of common stock. “Number of shares
outstanding at the end of the period,” “Number of treasury stocks at the end of the period” and“Average number of shares during the period” were calculated assuming that the stock split wasperformed at the beginning of the previous fiscal year.
＊ The report of the quarterly financial results is not subject to audit by certified public accountant or audit firm.
＊ Notes on appropriate use of the financial forecasts, other notes.
Any forward looking statements such as financial forecasts described in this report are subject to uncertain
factors such as product supply and demand trends, industry competition, economic conditions, and others inmajor markets. Actual results may differ from these forecasts. For the details of the financial forecasts, pleasesee “Financial Results Forecasts” on page 3 of the Accompanying Documents. The year-end dividends forFY2023 will be disclosed promptly upon their availability.

Table of Contents of Accompanying Documents
1. Results of Operations and Financial Position

2(1) Overview of Results of Operations

2(2) Financial Position

3(3) Financial Results Forecasts

3

2. Consolidated Quarterly Financial Statements

4(1) Consolidated Quarterly Balance Sheet

4(2) Consolidated Quarterly Statement of Income andConsolidated Quarterly Statement of Comprehensive Income

6

Consolidated Quarterly Statement of Income

6

Consolidated Quarterly Statement of Comprehensive Income

7

3. Other Information

8(1) Changes in Significant Subsidiaries during the ninemonths ended December 31, 2023

8(2) Adoption of Simplified and Specifically Applied Accounting
Method for Quarterly Consolidated Financial Reporting

8(3) Changes in Accounting Principles and Accounting Estimates, andRevisions/Restatements

8(4) Note on Premise of a Going Concern

8(5) Note on the Substantial Change in Shareholders’ Equity811. Results of Operations and Financial Position(1) Overview of Results of Operations
Regarding the circumstances surrounding the FANUC Group during the first nine-month period ofthe fiscal year ending March 31, 2024 (from April 1 to December 31, 2023), while the impact on
production activities by shortage in semiconductors and other components in the supply chain has
subsided, the outlook remained uncertain due to several factors, such as the effects of global inflation,
concerns of an economic slowdown due to high interest rates, and fluctuations in exchange rates. Inaddition, inventory adjustments from the second half of FY 2022 (the fiscal year ended March 31,2023) had an impact on production. Amidst these difficult conditions, the Company has done every
effort to minimize the impact on the financial results through the concerted efforts of all departments,including sales divisions, R&D divisions, factories, service divisions, and administrative departments.
During the nine months from April to December 2023, FANUC posted consolidated net sales totaling¥596,525 million, down 6.2%, consolidated ordinary income totaling ¥135,146 million, down 24.0%,
and net income attributable to owners of parent totaling ¥98,340 million, down 24.2%, compared withthe corresponding period of the previous fiscal year.
An overview of the results for each business division is as follows:
In the FA Division, demand from the machine tool industry, the primary market for CNC systems,
showed a slowdown trend in each country around the world, including Japan, and sales of our CNC
systems also declined. Net sales in the FA Division amounted to ¥134,044 million, down 30.2%
compared with the corresponding period of the previous fiscal year.
In the Robot Division, sales increased due to a backlog of orders from the previous period in both
Europe and the Americas for EV-related industries and general industries. In China, sales decreased
due to a slight drop in demand for EV-related industries, which had previously been strong. In India,sales increased due to a strong demand for both automobile-related industries and general industries.
In Japan, sales increased due to a recovery trend seen in demand for automobile-related industries.
As a result, net sales in the Robot Division amounted to ¥290,080 million, up 12.9% compared withthe corresponding period of the previous fiscal year.
In the Robomachine Division, sales of ROBODRILLs (compact machining centers) decreased dueto a drop in demand in the Americas and China. Sales of ROBOSHOTs (electric injection moldingmachines) declined due to a drop in demand from the IT-related and medical markets. Sales ofROBOCUTs (wire electrical-discharge machines) decreased due to a drop in demand in Europe andthe Americas. As a result, net sales in the Robomachine Division amounted to ¥76,179 million, down
26.9% compared with the corresponding period of the previous fiscal year.
In the Service Division, with an emphasis on our policy of “Service First,” we are strengthening theservice system and improving efficiency by actively introducing IT technology. Net sales in the Service
Division amounted to ¥96,222 million, up 16.0% compared with the corresponding period of theprevious fiscal year.
2(2) Financial Position
Total assets were ¥1,860,791 million, down ¥12,745 million compared with the end of the previous
fiscal year.
Total liabilities were ¥209,146 million, down ¥36,835 million compared with the end of the previous
fiscal year.
Total net assets were ¥1,651,645 million, up ¥24,090 million compared with the end of the previous
fiscal year.

(3) Financial Results Forecasts
While the impact on production due to inventory adjustments is expected to continue, the financial
results have been stronger than forecasted at the time of the release of the second quarter financialresults.
Therefore, the Company forecasts the financial results for the full fiscal year ending March 31,2024, as follows.
For FY 2023 (April 1, 2023 through March 31, 2024)(Millions of yen)

Net sales

Previous forecast(released on
October 31, 2023)[A]
758,000

New forecast[B]

Comparison with
Previous forecast (%)[(B-A) / A]

771,500

1.8%

Operating income

121,900

132,2008.4%

Ordinary income

153,300

167,600

9.3%

Net income
attributable to ownersof parent

113,600

122,600

7.9%

Note: The currency rate applied to the period from January 1, 2024 to March 31, 2024 is averaged at
135 yen/US dollar and 145 yen/Euro.

3

2. Consolidated Quarterly Financial Statements(1) Consolidated Quarterly Balance Sheet(Millions of yen)March 31, 2023

December 31, 2023

512,528

461,179

Accounts receivable, trade24,824
137,961

20,144
124,973

Marketable securities
Finished goods

16,700157,888

16,100155,116Work in progress
Raw materials and supplies

92,098100,591

93,626
122,688

Other current assets
Allowance for doubtful accounts
Total current assets

20,549(1,399)27,034(1,410)1,061,740

1,019,450

Buildings, net
Land325,102
158,055

326,104
161,844

Other, net

105,539

113,824588,696

601,772

10,8559,999

Investment securities

159,500

171,962

OthersAllowance for doubtful accounts

53,207(462)

57,710(102)

Total investments and other assets
Total noncurrent assets

212,245

229,570

811,796

841,341

1,873,536

1,860,791

AssetsCurrent assets
Cash and bank deposits
Notes receivables, trade

Noncurrent assets
Property, plant and equipment

Total property, plant and equipment
Intangible assets
Investments and other assets

Total assets

4

(Millions of yen)March 31, 2023

December 31, 2023

56,93525,73647,457
6,288

11,222
90,062

11,03580,929183,955

145,70955,201

55,949Liabilities
Current liabilities
Notes and accounts payables, trade
Accrued income taxes
Warranty reserves
Other current liabilities
Total current liabilities
Long-term liabilities
Net defined benefit liability
Other long-term liabilities
Total long-term liabilities
Total liabilities

6,825

7,488

62,02663,437245,981

209,146

69,01469,01496,265
1,515,662

95,995
1,505,579(130,206)(140,015)

1,550,735

1,530,573

13,718

14,698

Net assets
Shareholders’ equity
Common stock
Capital surplus
Retained earnings
Treasury stock, at cost
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensiveincome
Non-controlling interests
Total net assets
Total liabilities and net assets

567,937

108,515(17,014)(14,554)

64,641

108,659

12,17912,413

1,627,555

1,651,645

1,873,536

1,860,791

(2) Consolidated Quarterly Statement of Income andConsolidated Quarterly Statement of Comprehensive Income
Consolidated Quarterly Statement of Income
3rd quarter (cumulative)(Millions of yen)

Nine months ended
December 31, 2022
(cumulative)

Nine months ended
December 31, 2023
(cumulative)

Net sales
Cost of goods sold636,113387,611596,525
389,454

Gross profit

248,502207,071

Selling, general and administrative expenses

101,344

99,648Operating income

147,158

107,423

Interest income
Dividends income

2,869
1,724

3,278
2,066

Equity in earnings of affiliates
Miscellaneous income

24,383
3,438

20,6604,388

Total non-operating income

32,41430,392

612

895

－
1,165

692
1,082

Non-operating income

Non-operating expenses
Removal expenses of noncurrent assets
Loss on net monetary position
Miscellaneous expenses

1,777

2,669

Ordinary income

Total non-operating expenses

177,795

135,146

Income before income taxes

177,795

135,146

Income taxes-current

52,83837,575

Income taxes for prior periods
Income taxes-deferred－(7,546)

3,212(5,724)

Total taxes and others

45,29235,063

Net income

132,503

100,083

Net income attributable to non-controlling interests
Net income attributable to owners of parent

62,696

1,743

129,807

98,340Consolidated Quarterly Statement of Comprehensive Income(Millions of yen)

Net income
Other comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Remeasurements of defined benefit plansShare of other comprehensive income of affiliates
accounted for using equity method
Total other comprehensive income
Comprehensive income for the nine months ended
December 31
Comprehensive income attributable to:
Owners of parent
Non-controlling interests

7

Nine months ended
December 31, 2022
(cumulative)
132,503

Nine months ended
December 31, 2023
(cumulative)
100,083(1,980)980

21,273
1,511

30,4052,460

13,511

10,661

34,31544,506

166,818

144,589

163,968
2,850

142,358
2,231

3. Other Information(1) Changes in Significant Subsidiaries during the nine months ended December 31, 2023
(changes in specific subsidiaries that caused change in scope of consolidation):
None(2) Adoption of Simplified and Specifically Applied Accounting Method for Quarterly
Consolidated Financial Reporting:None(3) Changes in Accounting Principles and Accounting Estimates, and Revisions/Restatements(Change in accounting principles)(Change in inventory valuation method)
The Company previously valued materials included in "Raw materials and supplies" using the lastpurchase cost method, but changed to the weighted average cost method from first quarter periodof this fiscal year.
The purpose of this change is to calculate periodic profit/loss and evaluate inventory more
appropriately, triggered by soaring material prices and increased inventory levels.
It is not feasible to determine the cumulative effect of the retrospective application of the weighted
average cost method due to the unavailability of some payment and receipt records required for
calculation using the weighted average cost method for the previous fiscal year. Therefore, thecumulative effect, calculated based on the difference between the carrying amount of inventories atthe beginning of first quarter period under the weighted average cost method and the carrying
amount of inventories at the end of the previous fiscal year, is reflected in the beginning balance offirst quarter period.
As a result, retained earnings at the beginning of first quarter period decreased by ¥2,945
million. The impact of this change on cost of goods sold, every category of profit or loss andper share information for this third quarter period is immaterial.
(4) Note on Premise of a Going Concern:

None(5) Note on the Substantial Change in Shareholders’ Equity:
The Company cancelled 6,472,996 treasury stocks based on the resolution of the Board ofDirectors meeting held on April 26, 2023. In addition, the Company purchased 6,418,700 treasury
stocks based on the resolutions of the Board of Directors meetings held on March 30, 2023 andOctober 31, 2023. As a result, treasury stocks, including the fluctuate due to the purchase or saleof odd-lot shares, increased by ¥9,809 million during the nine months ended December 31, 2023,
resulting in treasury stocks of ¥140,015 million as of December 31, 2023.

8