(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, 2020
January 27, 2021
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 (Name) Keisuke Fujii TEL: (0555)84－5555
Scheduled date of filing quarterly report: February 9, 2021
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 Nine Months Ended December 31, 2020 (April 1, 2020 – December 31,2020)(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

2020
(5.4)
375,229(2.9)
65,263(4.9)
75,3972019(47.1)
386,473(22.1)
68,614(48.8)
79,704
Note: Consolidated comprehensive income:April-December 2020
¥71,131 million
April-December 2019
¥49,060 million
Nine months
ended
December 312020
2019

Net incomeper share

Net income
per share(diluted)

Yen

Yen

288.52294.07(2) Consolidated Financial Position
Total assets
Millions of yen

55,34456,52245.0%(59.9)%%(2.1)(56.1)——Net assets

Equity ratio

Millions of yen%

1,546,840
1,382,707
1,512,499
1,362,865(Reference) Equity: December 31, 2020: ¥1,373,845 million

December 31, 2020
March 31, 2020

88.8
89.6
March 31, 2020: ¥1,355,100 million

2. Dividends
Dividends per share
1st Quarter

2nd Quarter

3rd Quarter

Year-endDividends

Full year

Yen

Yen

YenYenYenFY2019
174.65300.00――125.35
FY2020――87.93
FY2020――(forecast)
Note: We have not changed the forecasts of dividends from the latest ones.
Note: The year-end dividends for the year ended March 31, 2020 consist of ordinary dividends of ¥103.79 andspecial dividends of ¥70.86.
Note: The forecasts of year-end dividends for the year ending March 31, 2021 will be disclosed promptly upon
their availability.

3. Consolidated Financial Forecasts for the Year Ending March 31, 2021 (April 1, 2020 – March 31, 2021)(% 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

Fiscal period

532,300%

4.7

Millions of yen%

Millions of yen%

105,800

19.8

119,500

16.2

Millions of yen

88,200%Yen

20.2

459.80Note: We have changed the forecasts of financial results from the latest ones.
Note: Actual results may differ from these forecasts, subject to various conditions, including how far thecoronavirus (COVID-19) will further spread, and when the pandemic will end. We will promptly publish new
information, which may greatly affect actual results if any, upon their availability.
*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 ReportingNo(3) Changes in Accounting Principles and Accounting Estimates, and Revisions/Restatements
1. Changes associated with changes in accounting standards: No

2. Changes in accounting principles other than 1: No

3. Changes in accounting estimates: No

4. Revisions/restatements: No(4) Number of shares outstanding (Common shares)
1. Number of shares outstanding at the end of the period (including treasury stocks)
201,922,097
March 31, 2020
December 31, 2020
shares
2. Number of treasury stocks
December 31, 2020

10,104,376
shares

3. Average number of shares during the period
April-December 2020 191,822,350
shares204,031,841
sharesMarch 31, 2020

12,205,848
sharesApril-December 2019

192,206,650
shares＊ The report of the quarterly financial results is not subject to audit by certified public accountant or audit firm.
＊ Any forward looking statements such as financial 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 year-end dividends for the year
ending March 31, 2021, 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

32．Consolidated Quarterly Financial Statements(1)

Consolidated Quarterly Balance Sheet(2)

Consolidated Quarterly Statement of Income and4

Consolidated Quarterly Statement of Comprehensive Income

6Consolidated Quarterly Statement of Income

6Consolidated Quarterly Statement of Comprehensive Income

7

3．Other Information

8(1)Changes in Significant Subsidiaries during the Period(2)

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

(3)

488

Changes in Accounting Principles and Accounting Estimates, andRevisions/Restatements

8(4)Note on Premise of a Going Concern8(5)Note on the Substantial Change in Shareholders’ Equity811. Results of Operations and Financial Position(1) Results of Operations
Regarding the circumstances surrounding the FANUC Group during the first nine-month period of
the fiscal year ending March 31, 2021 (April 1, 2020 – December 31, 2020), the market conditions
became harsh owing to factors including an ongoing global trend of reduction in capital investment dueto the impact of the spread of the coronavirus (COVID-19). However, in addition to recovery first taking
place in China, other regions also rebounded gradually from around the second quarter. The FANUC
Group has striven to maintain the delivery of products and service activities for our customers while
placing utmost priority on preventing the spread of COVID-19. In addition, to deal with changing market
conditions, we fortified our corporate structure by reducing expenses and optimizing business
operations, among other measures.
During the nine months from April to December 2020, FANUC posted consolidated net sales totaling¥375,229 million, down 2.9%, consolidated ordinary income totaling ¥75,397 million, down 5.4%, andnet income attributable to owners of parent totaling ¥55,344 million, down 2.1%, compared with thecorresponding period of the previous fiscal year.
An overview of the results for each business division is as follows:
In the FA Division, demand in the machine tool industry, the primary market for FANUC CNC
systems, recovered earlier and remained strong in China. Demand in India is also undergoing a
recovery, mainly associated with agricultural machinery and motorcycles. Although demand in Japan,Europe, South Korea, and Taiwan had remained sluggish, they are seeing gradual increases indemand with machine exports to the Chinese market. Global demand for lasers remained sluggish, andsevere competition with overseas manufacturers continues. As a result, net sales in the FA Division
amounted to ¥105,064 million, down 4.0% compared with the corresponding period of the previous
fiscal year.
In the Robot Division, sales remained strong in China on account of IT-related sales, in addition tosales associated with EVs, construction machinery and heavy machinery and sales to machining
factories. In the Americas also, sales for general industries were robust, and incorporating EV-related
demand for the automobile industry, sales recovered to the same level as that in the corresponding
period of the previous fiscal year. In Europe, although sales for general industries were robust, sales
decreased compared with the corresponding period of the previous fiscal year as capital investment in
the automobile industry saw a trough in capital investment. Sales in Japan were sluggish. As a result,net sales in the Robot Division amounted to ¥143,410 million, down 6.0% from the corresponding
period of the previous fiscal year.
In the Robomachine Division, sales of the ROBODRILLs (compact machining centers) increased,buoyed by rising demand in the computer and tablet markets in China. Although sales of ROBOSHOTs(electric injection molding machines) decreased year-on-year, we focused efforts on expanding sales
mainly in the medical market. With regard to ROBOCUTs (wire-cut electric discharge machines), sales
fell in line with the sluggish market. As a result, net sales in the Robomachine Division amounted to¥70,906 million, up 22.3% compared with the corresponding period of the previous fiscal year.
The Service Division received fewer requests for the Company’s services on account of suspended
operations at customers’ factories and falling factory operating rates, among others, due to the impactof lockdowns in countries throughout the world in the first quarter. However, requests for the2Company’s services have been on a recovery trend thereafter. As a result, net sales in the Service
Division amounted to ¥55,849 million, down 16.1% compared with the corresponding period of theprevious fiscal year.

(2) Financial Position
Total assets were ¥1,546,840 million, up ¥34,341 million compared with the end of the previous
fiscal year.
Total liabilities were ¥164,133 million, up ¥14,499 million compared with the end of the previous
fiscal year.
Total net assets were ¥1,382,707 million, up ¥19,842 million compared with the end of the previous
fiscal year.
We cancelled our treasury shares exceeding the 5% of the total number of issued shares(2,109,744 shares, ¥22,095 million) on May 29, 2020 based on the shareholder return policy that weannounced on April 24, 2020. (This policy is written in the Consolidated Annual Financial Results for theYear ended March 31, 2020.) (There was no effect on the amount of total net assets.)(3) Financial Results Forecasts
The Company anticipates strong demand in various areas such as IT and EV-related in the fields ofFA, Robots, and Robomachines, and as such, forecasts consolidated financial results for fiscal 2020
(the fiscal year ending March 31, 2021), as follows.
However, actual results may differ from these forecasts, subject to various conditions, including howfar the coronavirus (COVID-19) will further spread, and when the pandemic will end. We will promptly
publish new information, which may greatly affect actual results if any, upon their availability.
For the fiscal year 2020 (April 1, 2020 through March 31, 2021)(Millions of yen)Previous forecast(released on
October 29, 2020)

New forecast

Comparison with
Previous forecast (%)

Net sales

502,500

532,300

5.9

Operating income

85,400105,800

23.9

Ordinary income

96,300

119,500

24.1

Net income attributableto owners of parent

71,80088,20022.8

Note: The currency rate applied to the period from January 1, 2021 to March 31, 2021 is averaged at
100 yen/US dollar and 120 yen/Euro.

3

2. Consolidated Quarterly Financial Statements(1) Consolidated Quarterly Balance Sheet(Millions of yen)March 31, 2020

December 31, 2020

AssetsCurrent assets
Cash and bank deposits

405,861

427,591

Notes and accounts receivables, trade85,266

93,719Marketable securities

126,700

126,800

Finished goods

65,122

74,284Work in progress

51,97949,909Raw materials and supplies

25,45028,499Other current assets

10,833

11,696(831)(786)770,380

811,712

Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Buildings

310,060

310,628Land

146,085

147,609

Other, net

140,991

123,088

Total property, plant and equipment

597,136

581,325

10,2199,771

Investment securities

83,337

98,835

Others

51,88345,656

(456)

(459)

134,764

144,032

742,119735,128

1,512,499

1,546,840

Intangible assets
Investments and other assets

Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets

4

(Millions of yen)March 31, 2020
Liabilities
Current liabilities
Notes and accounts payables, trade
Accrued income taxes
Warranty reserves
Other current liabilities

December 31, 2020

26,974
9,270
8,306
56,41345,614
9,169
8,467
51,204

Total current liabilities

100,963

114,454

Long-term liabilities
Net defined benefit liability
Other long-term liabilities

44,652
4,019

45,656
4,023

Total long-term liabilities

48,67149,679149,634

164,133

69,01496,26569,014
95,995Retained earnings
Treasury stock, at cost

1,351,122(127,822)

1,334,349(105,905)

Total shareholders' equity

1,388,579

1,393,453

5,058

13,536(26,608)(11,929)(22,645)(10,499)(33,479)(19,608)

7,765

8,862

1,362,865

1,382,707

1,512,499

1,546,840

Total liabilities
Net assets
Shareholders' equity
Common stock
Capital surplus

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
Total net assetsTotal liabilities and net assets

5(2) Consolidated Quarterly Statement of Income andConsolidated Quarterly Statement of Comprehensive Income
Consolidated Quarterly Statement of Income(Millions of yen)

Nine months ended
December 31, 2019

Nine months ended
December 31, 2020

Net sales
Cost of goods sold386,473
246,931375,229245,226

Gross profit

139,542130,003

Selling, general and administrative expenses

70,92864,740Operating income

68,61465,263Non-operating income
Interest income
Dividends income
Equity in earnings of affiliates
Miscellaneous income

2,958
1,260
6,7561,923

1,686
1,197
7,723
2,397

12,897

13,003

471

1,223
648

Total non-operating income
Non-operating expenses
Foreign exchange losses
Loss on valuation of investment securities

−
1,336

Miscellaneous expenses
Total non-operating expenses

998

1,807

2,869

79,70475,397

Impairment loss

1,973

−

Total extraordinary losses

1,973

−

Income before income taxes

77,73175,397

Income taxes-current

17,87817,865

Ordinary income
Extraordinary losses

Income taxes-deferred

2,387

755

Total taxes and others

20,265

18,620Net income57,466

56,777944

1,433

56,522

55,344

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

6

Consolidated Quarterly Statement of Comprehensive Income(Millions of yen)
Nine months ended
December 31, 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
Total other comprehensive income
Comprehensive income for the nine months ended
December 31

Nine months ended
December 31, 2020

57,466

56,777528

8,478(7,009)

5,131

1,827

1,430

(3,752)(685)(8,406)

14,35449,06071,131

48,384

69,215676

1,916

Comprehensive income attributable to:
Owners of parent
Non-controlling interests

73. Other Information(1) Changes in Significant Subsidiaries during the Period(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, andRevisions/Restatements:

None(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’ meetings held on April 24, 2020, the Company cancelled
2,109,744 treasury shares on May 29, 2020. As a result, the Company’s retained earnings andtreasury stock each decreased by ¥22,095 million during the nine months ended December 31,2020.

8