(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 three months ended June 30, 2019
July 29, 2019
Company name: FANUC CORPORATION
Stock exchange listing: Tokyo Stock Exchange
Stock code:6954
URL: https://www.fanuc.co.jp
Representative: (Title) President(Name) Kenji YamaguchiContact:(Title) Manager, Public Relations (Name) Keisuke Fujii TEL: (0555)84－5555
Scheduled date of filing quarterly report: August 8, 2019
Scheduled date of commencing of dividend payments: Availability of supplementary briefing material on quarterly financial results: Available
Schedule of quarterly financial results briefing session: Scheduled
1. Consolidated Financial Results for the Three Months Ended June 30, 2019 (April 1, 2019 – June 30, 2019)(1) Consolidated Results of Operations(% represents changes from the previous corresponding Three-month period.)
Net income
Three months
NetsalesOperatingincomeOrdinary
incomeattributableto owners
ended June 30of parent
Millions of yen%

Millions of yen%

Millions of yen

2019
134,634(26.4)
28,595(47.5)
2018
182,835
8.5
54,493
7.9
Note: Consolidated comprehensive income:April-June 2019:
April-June 2018:
Three months
ended June 302019
2018

Net income
per share

Net income
per share(diluted)

Yen

Yen

120.75230.73%

Millions of yen

32,063(47.2)
60,7629.0¥13,503 million (69.0)%¥43,495 million (4.0)%

23,282
44,724%(47.9)
9.5——(2) Consolidated Financial Position
Total assets
Millions of yen

Net assets

Equity ratio

Millions of yen%

June 30, 2019
1,507,347
1,344,245
March 31, 2019
1,625,340
1,445,146(Reference) Equity: June 30, 2019: ¥1,337,098 million

88.7
88.5
March 31, 2019: ¥1,437,775 million

2. Dividends
Dividends per share
1st Quarter

2nd Quarter

3rd Quarter

Year-end
Dividends

Full year

Yen

Yen

YenYenYen

FY2018598.19404.92
1,003.11——FY2019—FY2019————(forecast)
Note: We have not changed the forecasts of dividends from the latest ones.
Note: The 2nd quarter-end dividends for the year ended March 31, 2019 consist of ordinary dividends of ¥252.87
and special dividends of ¥345.32.
Note: The year-end dividends for the year ended March 31, 2019 consist of ordinary dividends of ¥224.34 andspecial dividends of ¥180.58.
Note: The forecasts of the 2nd quarter-end and year-end dividends for the year ending March 31, 2020, will be
disclosed promptly upon their availability.

3. Consolidated Financial Forecasts for the Year Ending March 31, 2020 (April 1, 2019 – March 31, 2020)(% for the 2Q cumulative period and for the full year represent changes from the same quarter of the previous
fiscal year and changes from the previous fiscal year.)
Net income
Net income
Net sales
Operating income
Ordinary income
attributable toper shareowners of parent
Millions of yen%

264,400(23.4)

Millions of yen%

Millions of yen%

Millions of yen%

Yennd2 Quarter(Cumulative)

43,100 (56.2)

49,100 (56.2)

35,700 (56.3)

185.59Fiscal period
524,200 (17.5)
71,300 (56.3)
81,000 (55.8)
Note: We have changed the forecasts of financial results from the latest ones.

60,300 (60.9)

313.85*Notes(1) Changes in Significant Subsidiaries during the period(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 associated with changes in accounting standards: Yes

2. Changes in accounting principles other than 1: No

3. Changes in accounting estimates: No

4. Revisions/restatements: No

Note: For details, please see “3. Other Information (3) Changes in Accounting Principles and Accounting
Estimates, and Revisions/Restatements” on Page 9 in Attachment.
(4) Number of shares outstanding (Common shares)
1. Number of shares outstanding at the end of the period (including treasury stocks)
204,031,841
June 30, 2019
March 31, 2019
shares
2. Number of treasury stocks
June 30, 2019

204,040,771
shares12,125,934
sharesMarch 31, 201910,210,522
shares

3. Average number of shares during the period
192,813,688
April-June 2019
sharesApril-June 2018

193,837,377
Shares＊ The report of the quarterly financial results is not subject to audit by certified public accountant or audit firm.
＊ Any forecasts described in this report are subject to uncertain factors such as supply and demand trends,industry competition, economic conditions, and others in major markets. Actual results may differ from these
forecasts. The forecasts of the 2nd quarter-end and the year-end dividends for the year ending March 31,
2020, will be disclosed promptly upon their availability.

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

2(1)Results of Operations

2(2)Financial Position

3(3)Financial Results Forecasts

3

2. Consolidated Quarterly Financial Statements(1)

Consolidated Quarterly Balance Sheet(2)

Consolidated Quarterly Statement of Income andConsolidated Quarterly Statement of Comprehensive Income

57

Consolidated Quarterly Statement of Income

7

Consolidated Quarterly Statement of Comprehensive Income

8

3. Other Information

9(1)Changes in Significant Subsidiaries during the period(2)

Adoption of Simplified and Specifically Applied Accounting
Method for Quarterly Consolidated Financial Reporting

(3)

599

Changes in Accounting Principles and Accounting Estimates, andRevisions/Restatements

9(4)Note on Premise of a Going Concern9(5)Note on the Substantial Change in Shareholders’ Equity

911. Results of Operations and Financial Position(1) Results of Operations

The FANUC Group’s results for the first quarter (April to June 2019) are as follows.
In the FA Division, demands in the machine tool industry, the primary market for FANUC CNC
systems, declined in China and Taiwan due to the impact of the trade friction between the UnitedStates and China, and demands in South Korea also remained sluggish due to a slowdown indomestic demands. Demands stagnated in Europe as well, as can be seen in the restraining ofinvestments by many companies (mainly automobile-related) that export products to China.
Demands also decreased in Japan compared with the corresponding period of the previous fiscal
year when sales were robust. This is due to a pause in capital investments and a slowdown inexports mainly to China. With regard to our lasers, we continued focusing efforts on expanding salesof fiber laser oscillators both domestically and abroad. As a result, net sales in the FA Division
declined compared with the corresponding period of the previous fiscal year.
In the Robot Division, although capital investments remained at a relatively high level both in theautomobile industry and the general industries in Japan, capital investments continued to besluggish in the automobile industry of the Americas and, in China, both the automobile industry andthe general industries remained cautious about capital investments. As a result, sales in the Robot
Division decreased compared with the corresponding period of the previous fiscal year.
In the Robomachine Division, sales of the ROBODRILLs (compact machining centers) dropped
compared with the corresponding period of the previous fiscal year when the short-term demand in
the IT-related industry still existed, despite our efforts to expand sales of the products mainly for
automobile parts industry. Sales of the ROBOSHOTs (electric injection molding machines) also
decreased compared with the corresponding period of the previous fiscal year when sales hit an
all-time high, although we focused efforts on expanding sales mainly to automobile parts andmedical markets. With regard to the ROBOCUTs (wire-cut electric discharge machines), sales also
declined compared with the corresponding period of the previous fiscal year, centering on China.
Under these circumstances, to continue management from a long-term perspective with our eyeson the future and without being affected by short-term variability, the FANUC Group is promoting
initiatives that allow our customers to build and maintain a highly reliable, efficient, and innovative
production system without anxiety through our products and services, by uniting as one group under
the slogans “one FANUC,” “Reliable” “Predictable” “Easy to Repair,” and “Service First.” Furthermore,
we are making efforts, as IoT initiatives, to spread the FIELD system (FANUC Intelligent Edge Linkand Drive system), an open platform in which various companies can participate, with enrichment of2

applications (including those made by partner companies), while proceeding with the application of
AI technology to our products. At the same time, we are focusing on the enhancement of productcompetitiveness, strengthening of sales and service activities, automation and robotization offactories, and rationalization of business operations.
As a result, during the three months from April to June 2019, FANUC posted consolidated net
sales totaling ¥134,634 million, down 26.4%, consolidated ordinary income totaling ¥32,063 million,down 47.2%, and consolidated net income totaling ¥23,282 million, down 47.9%, compared with thecorresponding period of the previous fiscal year.
Looking at the performance by business group, the FA Division posted consolidated sales totaling¥43,501 million, down 28.5%, the Robot Division posted consolidated sales totaling ¥47,103 million,down 19.5%, the Robomachine Division posted consolidated sales totaling ¥22,083 million, down
47.4%, and the Service Division posted consolidated sales totaling ¥21,947 million, up 2.2%,
compared with the corresponding period of the previous fiscal year.
(Note): “Net income” in “Results of Operations and Financial Position” means “Net income
attributable to owners of parent” in the Consolidated Statement of Income.

(2) Financial Position
Total assets were ¥1,507,347 million, down ¥117,993 million compared with the end of theprevious fiscal year.
Total liabilities were ¥163,102 million, down ¥17,092 million compared with the end of theprevious fiscal year.
Total net assets were ¥1,344,245 million, down ¥100,901 million compared with the end of theprevious fiscal year.
We cancelled our treasury shares exceeding the 5% of the total number of issued shares (8,930
shares, ¥88 million) on May 31, 2019 based on the shareholder return policy that we announced on
April 24, 2019. (This policy is written in the Consolidated Annual Financial Results for the Year
ended March 31, 2019) (There was no effect on the amount of total net assets.)(3) Financial Results Forecasts
It is anticipated that the situation will remain difficult and unpredictable in general, due touncertain factors such as tariff policies of countries and foreign exchange fluctuations including theimpact of the trade friction between countries and regions.
The present forecast for consolidated financial results for the year ending March 31, 2020 is asfollows:3

For the first half of the fiscal year 2019 (April 1, 2019 through September 30, 2019)(Millions of yen)

Net sales
Operating income
Ordinary income
Net income

Previous forecast(released on
April 24, 2019)
266,400
41,30044,80031,200

New forecast
264,400
43,10049,10035,700Comparison with
Previous forecast (%)
ሺ0.8)
4.4
9.6
14.4

For the fiscal year 2019 (April 1, 2019 through March 31, 2020)(Millions of yen)

Net sales
Operating income
Ordinary income
Net income

Previous forecast(released on
April 24, 2019)536,900
75,70084,70062,300

New forecast
524,200
71,30081,00060,300Comparison with
Previous forecast (%)
ሺ2.4)
ሺ5.8)
ሺ4.4)
ሺ3.2)

Note: The currency rate applied to the period from July 1, 2019 to March 31, 2020 is averaged at
100 yen/US dollar and 115 yen/Euro.

4

2. Consolidated Quarterly Financial Statements(1) Consolidated Quarterly Balance Sheet(Millions of yen)March 31, 2019

June 30, 2019

607,155
106,204
15,00071,042
55,17429,93024,302(1,123)473,078
97,93955,00068,18653,64028,834
10,320(1,053)907,684785,944

Buildings

301,179

313,651

Land
Other, net

145,885
127,512

145,663
124,326

574,576583,640

9,603

9,555

86,67447,259(456)

84,60444,058(454)

133,477

128,208

AssetsCurrent assets
Cash and bank deposits
Notes and accounts receivables, tradeMarketable securities
Finished goods
Work in progress
Raw materials and supplies
Other current assets
Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment

Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
OthersAllowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets

5717,656

721,4031,625,340

1,507,347

(Millions of yen)March 31, 2019

June 30, 201936,567
15,007
8,215
75,27832,977
9,174
8,114
66,652135,067

116,917

42,0973,030

42,346
3,839

45,127

46,185

180,194

163,102

69,01496,26569,01496,265

1,380,439(91,040)

1,325,147(126,683)

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 comprehensive
incomeNon-controlling interests

1,454,678

1,363,743

9,111

9,456

(6,677)(19,337)(17,536)(18,565)(16,903)(26,645)

7,371

7,147

Total net assets

1,445,146

1,344,245

1,625,340

1,507,347

Liabilities
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
Net assets
Shareholders’ equity
Common stockCapital surplus
Retained earnings
Treasury stock, at cost

Total liabilities and net assets

6(2) Consolidated Quarterly Statement of Income andConsolidated Quarterly Statement of Comprehensive Income
Consolidated Quarterly Statement of Income(Millions of yen)Three months ended
June 30, 2018

Three months ended
June 30, 2019

Net sales
Cost of goods sold

182,835
103,385

134,634
82,153Gross profit

79,45052,481

Selling, general and administrative expenses

24,95723,886

Operating income

54,49328,595Non-operating income
Interest income
Dividends income
Equity in earnings of affiliatesForeign exchange gains
Miscellaneous income

972
534
3,515
1,792
622

1,067
537
2,259

7,435

4,731

485

363
747
153

Total non-operating income
Non-operating expenses
Removal expenses of noncurrent assets
Foreign exchange losses
Miscellaneous expenses－681

Total non-operating expenses

－868

1,166

1,263

Ordinary income

60,762

32,063

Income before income taxes

60,762

32,063

Income taxes-current
Income taxes-deferred

14,597
1,330

5,924
2,532

Total taxes and others

15,927

8,456

Net income

44,83523,607111

325

44,72423,282

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

7

Consolidated Quarterly Statement of Comprehensive Income(Millions of yen)Three months ended
June 30, 2018

Three months ended
June 30, 2019

Net income
Other comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Share of other comprehensive income of affiliates
accounted for using equity method

44,83523,607(1,115)

345

774
328

(11,892)772(1,327)671

Total other comprehensive income
Comprehensive income for the three months ended
June 30(1,340)(10,104)

43,495

13,50343,44550

13,540(37)Comprehensive income attributable to:
Owners of parent
Non-controlling interests

83. Other Information(1) Changes in Significant Subsidiaries during the period(changes in specific subsidiaries that caused change in scope ofconsolidation):

None(2) Adoption of Simplified and Specifically Applied Accounting Method
for Quarterly Consolidated Financial Reporting:None(3) Changes in Accounting Principles and Accounting Estimates, andRevisions/Restatements:(Changes in Accounting Principles)
Subsidiaries which adopt the International Financial Reporting Standards have adopted IFRS
16 Leases (hereinafter referred to as “IFRS 16”) since the three months ended June 30,
2019. As a result, lessees have recorded all leases, in principle, as assets and liabilities inthe balance sheet. The adoption of IFRS 16 is subject to transitional treatment, and thecumulative effect of the change in the accounting policy was recorded in retained earnings at
the beginning of the three months ended June 30, 2019.
The impact of the adoption of this accounting standard on the consolidated quarterly financialstatements is immaterial.

(4) Note on Premise of a Going Concern:

None(5) Note on the Substantial Change in Shareholders’ Equity:
As resolved at the Board of Directors’ meeting held on April 24, 2019, the Company
repurchased 1,923,000 shares of its common stock. As a result, including the increase resulting
from the repurchase of shares less than one unit, its treasury stock increased by ¥35,643 million
during the three months ended June 30, 2019, and was ¥126,683 million as of June 30, 2019.

9