(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 Annual Financial Results(based on Japanese standards)
For the Year Ended March 31, 2024
April 24, 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 the Annual Meeting of Shareholders: June 27, 2024
Scheduled date of commencing dividend payments: June 28, 2024
Scheduled date of filing the Securities Report: June 28, 2024
Availability of supplementary briefing material on annual financial results: Yes
Annual financial results briefing session: Yes
1. Consolidated Financial Results for the Year Ended March 31, 2024 (April 1, 2023 – March 31, 2024)(1) Consolidated Results of Operations(% represents changes from the previous term.)
Net income
Net sales
Operating income
Ordinary income
attributable to ownersof parent
Millions of yen%

Millions of yen%

Millions of yen%

FY2023795,274(6.7)
141,919(25.8)
181,755
FY2022
851,956
16.2
4.4
231,327
191,359
Note: Consolidated comprehensive income:
FY2023: ¥215,709 million 5.9%
FY2022: ¥203,640 million 1.2%

Millions of yen(21.4)
8.4%

133,159
170,587(21.9)
9.9

Net income
per share

Net income
per share(diluted)

Return on equity

Ordinary
income-to-total
capital ratio

Operatingincome-to-net
sales ratio

Yen

Yen

%

%

%

FY2023140.23
—
8.0
9.6
17.8
FY2022178.55
—
10.8
12.6
22.5
(Reference) Equity in earnings of affiliates: FY2023: ¥27,540 million
FY2022: ¥32,371 million
Note: On April 1, 2023, the Company performed a 1-to-5 stock split of common share. “Net income per share”
was calculated assuming that the stock split was performed at the beginning of the previous fiscal year.
(2) Consolidated Financial Position

Net assets
per share

Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen%

Cash flows fromoperating activities

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash
equivalents at the end of
the fiscal year

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Yen

FY2023
1,926,037
1,719,200
88.6
1,803.59
FY2022
1,873,536
1,627,555
86.2
1,695.19(Reference) Equity: FY2023 ¥1,705,556 million
FY2022 ¥1,615,376 million
Note: On April 1, 2023, the Company performed a 1-to-5 stock split of common share. “Net assets per share”
was calculated assuming that the stock split was performed at the beginning of the previous fiscal year.
(3) Consolidated Cash Flow Position

FY2023
FY2022

171,764
99,505(13,563)(77,998)(122,514)(127,924)

526,881476,953

2. Dividends
Dividends per share(Cut-off date)

1st
Quarter

2nd
Quarter

3rd
Quarter

Fiscalyear-end

Full year

Yen

Yen

Yen

Yen

Yen

Total
amount ofdividends(full year)

Payoutratio(consolidated)

Millions of yen%

Dividends-tonet assets
ratio(consolidated)%

FY2022―264.02―271.64535.66102,279
60.0
6.5
―
―
FY2023
40.26
43.88
84.14
79,85260.0
4.8
FY2024――――――(forecast)
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 2nd quarter-end and year-end dividends for FY2024 will be disclosed promptly upon theiravailability.
3. Consolidated Financial Forecasts for FY2024 (April 1, 2024 – March 31, 2025)(% for the 2Q cumulative period and for the full year represents changes from the same quarter of the previous
fiscal year and changes from the previous fiscal year respectively.)
Net income
Net income
Net sales
Operating income
Ordinary income
attributable toper shareowners of parent
2nd Quarter(Cumulative)
Full year

Millions of yen%%

Millions of yen

364,000(8.7)

61,000 (8.3)

76,400(11.3)

53,800 (15.9)

56.89

746,400(6.1)

121,000 (14.7)

149,400(17.8)

107,300 (19.4)

113.47

Millions of yen%%

Millions of yen*Notes(1) Changes in Significant Subsidiaries during the year ended March 31, 2024
(changes in specific subsidiaries that caused change in scope of consolidation) :

Yen

No

(2) Changes in Accounting Principles and Accounting Estimates, and Revisions/Restatements
1. Changes in accounting principles associated with changes inaccounting standards

:

No

2.

:

Yes

3. Changes in accounting estimates:No

4. Revisions/Restatements: No

Changes in accounting principles other than 1

Note: For details, please see “4. Consolidated Financial Statements and Primary Notes (5) Notes toConsolidated Financial Statements (Change in accounting principles)” on page 16 of the Accompanying
Documents.
(3) Number of shares outstanding (Common shares)
1. Number of shares outstanding at the end of the period (including treasury stocks)
1,003,073,989
March 31, 2024
March 31, 2023
shares
2. Number of treasury stocks at the end of the period
57,426,048
March 31, 2024
shares
3. Average number of shares during the period
949,589,287
Year ended
sharesMarch 31, 2024

1,009,546,985
sharesMarch 31, 2023

56,626,695
sharesYear ended
March 31, 2023

955,390,733
sharesNote: On April 1, 2023, the Company performed a 1-to-5 stock split of common share. “Number ofshares outstanding at the end of the period,” “Number of treasury stocks at the end of theperiod” and “Average number of shares during the period” were calculated assuming that thestock split was performed at the beginning of the previous fiscal year.

(Reference) Summary of Non-Consolidated Financial Results

1. Non-Consolidated Financial Results for FY2023 (April 1, 2023 – March 31, 2024)(1) Non-Consolidated Results of Operations(% represents changes from the previous term.)
Operating income
Ordinary income
Net income

Net sales
Millions of yen

FY2023
FY2022474,794
635,002%

Millions of yen(25.2)
9.8

Net income
per shareYen

64,670128,202%(49.6)(3.4)

Millions of yen

129,018
231,896%(44.4)
45.6

Millions of yen

103,284
190,643%(45.8)
56.2

Net income
per share(diluted)Yen

FY2023108.77—
FY2022199.54—
Note: On April 1, 2023, the Company performed a 1-to-5 stock split of common share. “Net income pershare” was calculated assuming that the stock split was performed at the beginning of the previous
fiscal year.
(2) Non-Consolidated Financial Position
Total assets

Net assets

Equity ratio

Net assets
per share

Millions of yen

Millions of yen%

Yen

FY202391.4
1,321,895
1,208,679
1,278.15
FY2022
1,369,957
1,218,677
89.0
1,278.89(Reference) Equity: FY2023 ¥1,208,679 million FY2022 ¥1,218,677 million
Note: On April 1, 2023, the Company performed a 1-to-5 stock split of common share. “Net assets per
share” were calculated assuming that the stock split was performed at the beginning of theprevious fiscal year.
＊ The report of the annual 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 touncertain factors such as product supply and demand trends, industry competition, economic conditions,and others in major markets. Actual results may differ from these forecasts. For the details of the financial
forecasts, please see “Future Outlook” on page 5 of the Accompanying Documents. The forecasts of the
2nd quarter-end and the year-end dividends for FY2024 will be disclosed promptly upon their availability.

Table of Contents of Accompanying Documents
1. Overview of Results of Operations, etc.

2(1)Overview of Results of Operations

2(2)

Overview of Financial Position

4(3)

Overview of Cash Flows

4(4)

Future Outlook

5(5)Basic Policy on Return of Profit to Shareholders
and Dividends

5

2. Management Policy, Business Environment, Challenges,
and Other Matters

6(1)

Basic Management Policy

6(2)Business Environment and Challenges

6

3. Basic Way of Thinking Regarding the Choice of
Accounting Standards

8

4. Consolidated Financial Statements and Primary Notes(1)

Consolidated Balance Sheet(2)

Consolidated Statement of Income and99Consolidated Statement of Comprehensive Income

11

(3)

Consolidated Statements of Changes in Net Assets

13

(4)

Consolidated Statement of Cash Flows

15

(5)

Notes to Consolidated Financial Statements

16(Note on premise of a going concern)

16(Change in accounting principles)

16(Changes in presentation methods）

16(Segment information, etc.)

16(Per share data)

17(Significant subsequent events)18

1

1. Overview of Results of Operations, etc.
(1) Overview of Results of Operations
Regarding the circumstances surrounding the FANUC Group during this fiscal year (April 1, 2023
– March 31, 2024), while the impact on production activities by shortage in semiconductors andother 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 highinterest rates, and fluctuations in exchange rates. In addition, inventory adjustments from the second
half of FY 2022 (the fiscal year ended March 31, 2023) had an impact on production.
Under these circumstances, the Company has done every effort to minimize the impact on thefinancial results through the concerted efforts of all departments, including sales divisions, R&D
divisions, factories, service divisions, and administrative departments.
While facing these difficult conditions, the FANUC Group continued to push forward withinitiatives towards future development, including the development of new products and newfunctions and increasing of production capacity at our factories.
In addition, amid the global pushing toward a carbon-free society, we recognize that climatechange is an important management issue for the FANUC Group as well, as we are doing businessglobally, and pushed forward with development geared towards improved energy-efficiency of our
products. Further, FANUC CORPORATION was recognized for leadership in corporate transparency
and performance on climate change by an international non-profit organization, CDP, securing aplace on its ‘A List’ for the first time in 2023.
During the fiscal year ended March 31, 2024, FANUC posted consolidated net sales totaling¥795,274 million, down 6.7%, consolidated ordinary income totaling ¥181,755 million, down 21.4%,
and net income attributable to owners of parent totaling ¥133,159 million, down 21.9%, comparedwith the previous fiscal year.
During this fiscal year, FANUC αi-D series SERVO, a new-generation servo system that
contributes to energy saving in machine tools and industrial machinery, received Main Award at the
66th Nikkan Kogyo Shimbun Best 10 New Product Awards. In addition, the FANUC Robot M-2000iA,
an industrial robot with the world’s largest payload capacity of up to 2.3 tons, was awarded the
Okochi Memorial Production Prize by Okochi Memorial Foundation.
The following is a summary of the results for each business division:[FA Division]
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.
The FA Division posted consolidated sales totaling ¥180,384 million, down 27.9%, compared with2

the previous fiscal year, and FA Division sales accounted for 22.7% of consolidated net sales.
[ROBOT Division]
In the ROBOT Division, sales increased due to a backlog of orders from the previous period inboth 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 beenstrong, as well as weak demand for infrastructure-related industries and electronic industries. In
India, sales increased due to a strong demand for both automobile-related industries and generalindustries. In Japan, sales increased due to a recovery trend seen in demand for automobile-relatedindustries.
The ROBOT Division posted consolidated sales totaling ¥380,944 million, up 6.7%, comparedwith the previous fiscal year. ROBOT Division sales accounted for 47.9% of consolidated net sales.
[ROBOMACHINE Division]
In the ROBOMACHINE Division, sales of ROBODRILLs (compact machining centers) decreased
due to continued weakness in overseas markets, including China. Sales of ROBOSHOTs (electric
injection molding machines) declined due to a drop in demand from the IT-related markets. Sales of
ROBOCUTs (wire electrical-discharge machines) decreased due to continued weakness in overseas
markets, including Europe and the Americas.
The ROBOMACHINE Division posted consolidated sales totaling ¥103,388 million, down 22.1%,
compared with the previous fiscal year. ROBOMACHINE Division sales accounted for 13.0% ofconsolidated net sales.
[Service Division]
In the Service Division, with an emphasis on our policy of “Service First,” we strengthened theservice system and improved efficiency by actively introducing IT technology.
The Service Division posted consolidated sales totaling ¥130,558 million, up 16.5%, comparedwith the previous fiscal year. Service Division sales accounted for 16.4% of consolidated net sales.

3(2) Overview of Financial Position
Total assets were ¥1,926,037 million, up ¥52,501 million compared with the end of the previous
fiscal year.
Total liabilities were ¥206,837 million, down ¥39,144 million compared with the end of theprevious fiscal year.
Total net assets were ¥1,719,200 million, up ¥91,645 million compared with the end of theprevious fiscal year.
(3) Overview of Cash Flows
Cash and cash equivalents (hereinafter “Cash”) for this fiscal year amounted to ¥526,881 million,up ¥49,928 million from the end of the previous fiscal year.
(Cash flows from operating activities)
Cash provided by operating activities amounted to ¥171,764 million, up ¥72,259 million from theprevious fiscal year. This was mainly due to the rebound from the large increase in inventories in theprevious fiscal year.
(Cash flows from investing activities)
Cash used in investing activities amounted to ¥13,563 million, down ¥64,435 million from theprevious fiscal year. This was mainly due to the decrease in payments into time deposits.
(Cash flows from financing activities)
Cash used in financing activities amounted to ¥122,514 million, down ¥5,410 million from theprevious fiscal year. This was mainly due to the decrease in dividends paid.

4(4) Future Outlook
As the impact on production due to inventory adjustments is expected to continue FY 2024 (thefiscal year ending March 31, 2025) . It is also anticipated that the situation will remain unpredictablein general, due to concerns about the foreign exchange fluctuations, geopolitical risks and otherfactors.
The present forecast for consolidated financial results for FY 2024 (the fiscal year ending March
31, 2025) is as follows:

Full-year financial forecasts for FY 2024
Amount(Millions of yen)

Ratio of change fromthe previous fiscal
year (%)

Net sales

746,400(6.1)

Operating income

121,000(14.7)

Ordinary income

149,400(17.8)Net income attributable to owners of parent

107,300(19.4)

Note: The currency rate applied to the period from April 1, 2024 to March 31, 2025 is averaged at
135 yen/US dollar and 150 yen/Euro.
(5) Basic Policy on Return of Profit to Shareholders and Dividends
Our basic policy for distributing profits to shareholders is as follows:
1. Dividends
We have set a dividend payout ratio of 60% as our basic policy.
2. Share buybacks
We will buy back our own shares in a flexible manner depending on the level of our stock
price, taking into account the balance with our investments for growth.
3. Cancellation of treasury shares
We limit the number of our treasury shares to 5% of the total number of shares issued. As ageneral rule, we will cancel any portion exceeding that limit every fiscal year.

5Dividends for this fiscal year are scheduled as follows:
Second half(forecast)First half

Full year(forecast)

Payout ratio

Current period (fiscal year
ended March 31, 2024)

Yen
40.26

Yen
43.88

Yen
84.14

60.0%

(Reference)Previous period (fiscal year
ended March 31, 2023)

Yen
264.02

Yen
271.64

Yen
535.6660.0%

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.

2. Management Policy, Business Environment, Challenges, and Other Matters(1) Basic Management Policy
FANUC has consistently pursued factory automation since 1955 when it started the developmentof NCs (numerical controls).
The targets at its beginnings were to become a company, though small in size, having therobustness of a giant with roots firmly spread in the ground, and to concentrate on technology to go
forward, by “walking a straight and narrow path.” This is being pursued to this day.
In order to turn this vision into reality, the FANUC Group has established “Genmitsu (Strict
Preciseness)” and “Tomei (Transparency)” as its basic principles. In these principles lie the beliefs
that a company will last forever and be sound with strict preciseness, and that the corruption of anorganization and downfall of a company will start from a lack of transparency.
FANUC engages in the FA, ROBOT and ROBOMACHINE businesses. The FA Unit
encompasses basic technologies consisting of NCs, servos and lasers, which are also applied to the
ROBOT and ROBOMACHINE Units. In addition, by actively incorporating IoT/AI technologies in all
three areas, the Company endeavors to make FANUC products more efficient for customers to use.
Being true to its origins as a supplier of production goods, maintenance and service support isprovided for FANUC products for as long as they are used by customers.
Through such activities, the FANUC Group contributes to the development of manufacturingindustries in Japan and overseas, by promoting automation and efficiency in customers’ factories.
FANUC expects to steadily grow in the field of factory automation, which is extremely promising in
the mid-to-long term.
(2) Business Environment and Challenges
As FANUC products are production goods that are significantly affected by economic changes,
we continue management from a long-term perspective without being affected by short-term events.
Regarding the business environment surrounding the FANUC Group, with increased geopoliticalrisk and concerns over economic slowdown and others, it is anticipated that the situation will remaindifficult and unpredictable for some time. On the other hand, the demand for factory automation is
expected to grow over the mid-to-long term.
6

Guided by the slogan “one FANUC,” the FANUC Group will take maximum advantage of ourunique strengths in uniting the three businesses of FA, ROBOT and ROBOMACHINE with SERVICE
to jointly provide total solutions and taking care of customers throughout the world as a team. In
particular, we perceive collaboration between CNC machine tools and Robots, and between
Robomachines and Robots, as one of our key themes, and will develop products accordingly.
In addition, the FANUC Group will adhere to its origins as a producer of production goods to be
used at manufacturing sites, and will be thorough in implementing our slogan “Reliable,”“Predictable,” “Easy to Repair” in product development, to minimize downtime in our customers’
factories and improve their operating rates. Moreover, we will develop products with an even greater
focus on ease of use, in order to respond to the increase in demands for factory automation, as
acquiring skilled workers becomes more difficult.
Furthermore, we will practice our basic policy of “Service First” in providing high-level
maintenance services pursuant to FANUC’s global standard anywhere in the world, and “lifetime
maintenance” for as long as our customers use our products. In particular, we will continue to focus
on “lifetime maintenance,” as it is one of the core strengths of the FANUC Group, which is difficult forcompetitors to imitate.
Moreover, we will focus on the area of factory automation, in which we can exhibit theCompany’s strengths, and proactively invest in research and development with an aim to develop
and launch highly competitive products to the market. In doing this, we will improve our intellectual
property.
The FANUC Group believes that IoT and AI are indispensable technologies for FANUC tocontinue developing and launching highly competitive products to the market. By aggressively
adopting these technologies in all areas of FA, ROBOT, and ROBOMACHINE products, we willfurther promote customers’ production efficiency.
We will also aim to make FANUC’s products significantly contribute to the achievement of SDGs.
We will pursue basic measures to strengthen our corporate structure from a long-term
perspective, such as reinforcing product competitiveness, strengthening sales and service activities,
promoting automation and robotization in factories, reducing costs and time, and enhancing work
efficiency. In addition, as a supplier of production goods, we are establishing multiple production
sites and service centers in order to fulfill our responsibilities as a supplier and maintain service
activities under any circumstance. Furthermore, we are also fortifying our supply chain by increasing
the number of parts suppliers and maintaining appropriate inventory levels for parts.
In addition, we consider human resources as being most vital for achieving medium andlong-term growth. From this perspective, we will work on the key issues of creating better working
environments for our employees and further improving employee motivation. Furthermore, with aneye to the future, we will proactively invest in human capital so that we may recruit the necessary
personnel and strengthen employee training. Through these initiatives, we will continue to enhance
our human capital.
With regard to management, in addition to the operating income ratio, ordinary income ratio, andROE, market shares will also be considered to be an important business indicator, and decisions will7

be made comprehensively with these in mind. Furthermore, our Company will accurately identify its
cost of capital, and shall target the average equity spread (difference between ROE and cost ofcapital) for five years to become a plus figure.
The FANUC Group will continue to thoroughly practice our basic principles of “Strict Precisenessand Transparency,” and promote such measures united as one group in all aspects, in order to gain
more customer confidence and trust in the FANUC Group while adapting to dramatic changes in theenvironment, in our efforts to become a company that will continue forever.

3. Basic Way of Thinking Regarding the Choice of Accounting Standards
In consideration of enabling the comparison of consolidated financial statements for designatedperiods and comparison with other companies, FANUC will continue its policy of generating
consolidated financial statements according to Japanese standards for the foreseeable future.

8

4. Consolidated Financial Statements and Primary Notes(1) Consolidated Balance Sheet(Millions of yen)March 31, 2023

March 31, 2024

AssetsCurrent assets
Cash and bank deposits

512,528

522,979

Notes receivables, trade
Accounts receivable, trade24,824
137,961

18,990136,931

Marketable securities
Finished goods

16,700157,888

16,100147,545

Work in progress
Raw materials and supplies

92,098100,591

91,929123,072

Other current assets
Allowance for doubtful accounts

20,549(1,399)20,206(1,487)

1,061,740

1,076,265

Buildings, net
Machinery and equipment, net

325,10255,089326,373
49,653Land
Construction in progress

158,055
33,102

163,593
49,285

Total current assets
Noncurrent assets
Property, plant and equipment

17,34818,851

588,696607,755

10,855

9,823

Investment securities

159,500

184,434

Deferred tax assets
Net defined benefit asset

46,461
5,444

44,825
1,785

OthersAllowance for doubtful accounts

1,302
(462)

1,254
(104)

212,245

232,194

811,796

849,772

1,873,536

1,926,037

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

Total investments and other assets
Total noncurrent assets
Total assets

9

(Millions of yen)March 31, 2023

March 31, 2024

56,93542,93825,736
11,222

5,490
10,021

Liabilities
Current liabilities
Notes and accounts payables, trade
Accrued income taxes
Warranty reserves
Other current liabilities

90,062

98,441

183,955

156,890

55,201
6,825

42,437
7,510

62,02649,947245,981

206,837

69,01469,014

Capital surplus
Retained earnings

96,265
1,515,662

95,995
1,540,398

Treasury stock, at cost(130,206)(143,573)

Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment

1,550,735

1,561,834

13,71821,74067,937

127,754

Remeasurements of defined benefit plans
Total accumulated other comprehensive
incomeNon-controlling interests(17,014)(5,772)64,641

143,722

12,17913,644

1,627,555

1,719,200

1,873,536

1,926,037

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 stock

Total net assets
Total liabilities and net assets

10(2) Consolidated Statement of Income andConsolidated Statement of Comprehensive Income
Consolidated Statement of Income(Millions of yen)
Years ended March 31
2023

2024

Net sales

851,956795,274

Cost of goods sold526,549

519,430

Gross profit

325,407275,844

Selling, general and administrative expenses

134,048

133,925

Operating income

191,359

141,919

3,840

4,549

Dividends income
Equity in earnings of affiliates

1,921
32,371

2,273
27,540Miscellaneous income

5,093

8,901

Total non-operating income

43,22543,263

1,287

931

1,182

564

－
788

943

3,257

3,427

231,327

181,755

Non-operating income
Interest income

Non-operating expenses
Removal expenses of noncurrent assets
Loss on sales and retirement of noncurrent
assetsLoss on net monetary position
Miscellaneous expenses
Total non-operating expenses
Ordinary income

989

Extraordinary losses
Impairment losses

1,224

－

Total extraordinary losses

1,224

－

Income before income taxes

230,103

181,755

Income taxes-current

66,853

48,413

Income taxes for prior periods
Income taxes-deferred－(10,664)(5,357)

Total taxes and others

56,18946,268Net income
Net income attributable to non-controllinginterests
Net income attributable to owners of parent

173,914

135,487

3,327

2,328

170,587

133,15911

3,212

Consolidated Statement of Comprehensive Income(Millions of yen)
Years ended March 31
2023

2024

173,914

135,487(1,486)

8,022

26,27755,528(827)

11,242

5,762

5,430

29,72680,222Comprehensive income

203,640

215,709

Comprehensive income attributable to:
Owners of parent

200,124

212,240

3,516

3,469

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 ofaffiliates accounted for using equity method
Total other comprehensive income

Non-controlling interests12(3) Consolidated Statements of Changes in Net Assets
Year ended March 31, 2023 (April 1, 2022 - March 31, 2023)(Millions of yen)
Shareholders’ equity
Common stock Capital surplus Retained earnings
Balance at April 1, 2022

69,01496,082

Treasury stock,at costTotal
shareholders’equity(105,950)

1,500,705

1,441,559

Cumulative effects ofchanges in accounting
policies
Cumulative effects ofapplying inflation accounting
Restated balance－－
69,01496,082

1,441,559(105,950)

1,500,705

Changes during the year:
Dividends of surplus(96,484)(96,484)

Net income attributable toowners of parent

170,587

170,587

Purchase of treasury stock
Disposal of treasury stock

183(24,439)(24,439)183

366

Retirement of treasury stock－

Net change except
shareholders’ equity during
the year－

Total changes during the year
Balance at March 31, 2023－

183

74,103(24,256)

50,03069,01496,265

1,515,662(130,206)

1,550,735

Accumulated other comprehensive income
Valuationdifference on
available-forsale securities
Balance at April 1, 2022

15,204Foreigncurrencytranslation
adjustment

Remeasurementsof defined benefit
plans

Total accumulated
othercomprehensive
income(16,187)

35,10436,087

Noncontrollinginterests
14,070

Cumulative effects ofchanges in accounting
policies
Cumulative effects ofapplying inflation accounting
Restated balance

Total net assets

1,549,879－－

15,20436,087(16,187)

35,104

14,0701,549,879

Changes during the year:
Dividends of surplus(96,484)

Net income attributable toowners of parent

170,587

Purchase of treasury stock(24,439)

Disposal of treasury stock

366

Retirement of treasury stock－

Net change except
shareholders’ equity during
the year(1,486)31,850(827)

29,537(1,891)

27,646

Total changes during the year

(1,486)31,850(827)

29,537(1,891)

77,676

Balance at March 31, 2023

13,71867,937(17,014)64,641

12,1791,627,555

13

Year ended March 31, 2024 (April 1, 2023 - March 31, 2024)(Millions of yen)
Shareholders’ equity
Common stock Capital surplus Retained earnings
Balance at April 1, 2023

69,01496,26569,014

Total
shareholders’equity(130,206)

1,550,735

1,515,662

Cumulative effects ofchanges in accounting
policies
Cumulative effects ofapplying inflation accounting
Restated balance

Treasury stock,at cost96,265(2,945)(2,945)

(887)

(887)

1,511,830(130,206)

1,546,903

Changes during the year:
Dividends of surplus(90,128)(90,128)

Net income attributable toowners of parent

133,159

133,159

Purchase of treasury stock
Disposal of treasury stock

151

Retirement of treasury stock(421)(14,463)(28,391)(28,391)140

291

14,884－

Net change except
shareholders’ equity during
the year
Total changes during the year
Balance at March 31, 2024

－
－

(270)

28,568(13,367)

14,931

69,014

95,995

1,540,398(143,573)

1,561,834

Accumulated other comprehensive income
Valuationdifference on
available-forsale securities
Balance at April 1, 2023

13,718Foreigncurrencytranslation
adjustment

Remeasurementsof defined benefit
plans

Total accumulated
othercomprehensive
income(17,014)64,641

67,937

Noncontrollinginterests
12,179Cumulative effects ofchanges in accounting
policies
Cumulative effects ofapplying inflation accounting
Restated balance

Total net assets

1,627,555(2,945)(887)

13,71867,937(17,014)64,641

12,1791,623,723

Changes during the year:
Dividends of surplus(90,128)

Net income attributable toowners of parent

133,159

Purchase of treasury stock(28,391)

Disposal of treasury stock

291

Retirement of treasury stock－

Net change except
shareholders’ equity during
the year

8,022

59,817

11,242

79,081

1,465

80,546

Total changes during the year

8,022

59,817

11,242

79,081

1,465

95,477

Balance at March 31, 2024

21,740127,754(5,772)

143,722

13,644

1,719,200

14

(4) Consolidated Statement of Cash Flows(Millions of yen)
Years ended March 31
2023

2024

Income before income taxes

230,103

181,755

Depreciation and amortization
Impairment losses
Increase (decrease) in allowance for doubtful
accounts
Increase (decrease) in net defined benefit liability

49,1891,224

49,001
－

355

(410)

3,053

(13,496)(Increase) decrease in net defined benefit asset
Interest and dividend income

3,105(5,761)

4,175(6,822)Equity in (earnings) losses of affiliates(Increase) decrease in receivables, trade(32,371)(3,375)(27,540)
24,798(Increase) decrease in inventories
Increase (decrease) in payables, trade(91,119)
4,632

12,556(18,812)

Cash flows from operating activities

Other

1,027

10,761

Subtotal

160,062

215,966

Interest and dividends received

17,54625,227

Income taxes paid
Other

(78,480)377(71,503)
2,074

99,505

171,764

Net cash provided by operating activities
Cash flows from investing activities
Payments into time deposits(70,000)(9,290)

Proceeds from withdrawal of time deposits
Purchases of property, plant, and equipment

44,483(47,066)

50,000(53,884)

Other(5,415)(389)(77,998)(13,563)(24,436)(28,391)(96,485)(7,003)(90,096)(4,027)(127,924)(122,514)

8,715

14,241

Net cash used in investing activities
Cash flows from financing activities
Purchases of treasury stock
Dividends paid
Other
Net cash used in financing activities
Effect of exchange rate changes on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents(97,702)49,928Cash and cash equivalents at beginning of year

574,655

476,953

Cash and cash equivalents at end of year

476,953

526,88115

(5) Notes to Consolidated Financial Statements(Note on premise of a going concern)
Not applicable(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 it to the weighted average cost method from this period of thisfiscal 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 this 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 of
this quarter period.
As a result, retained earnings at the beginning of this quarter period decreased by ¥2,945 million.
The impact of this change on cost of goods sold, every category of profit or loss and per share
information for the year ended March 31, 2024 is immaterial.
(Changes in presentation methods)(Consolidated Statement of Income)“Donations,” which was listed separately under “Non-operating expenses” for the previous fiscal
year, has been included in “Miscellaneous expenses” under “Non-operating expenses” from thefiscal year ended March 31, 2024 due to the decreased monetary significance of the item. To reflect
this change in presentation, the consolidated financial statements for the previous fiscal year havebeen reclassified.
As a result, ¥307 million of “Donations” and ¥481 million of “Miscellaneous expenses” that waspresented under “Non-operating expenses” has been reclassified as ¥788 million of “Miscellaneous
expenses.”(Segment information, etc.)
1. Segment information
Year ended March 31, 2023 (April 1, 2022 – March 31, 2023) andYear ended March 31, 2024 (April 1, 2023 – March 31, 2024)
FANUC Group focuses on the development, production, and sales of CNC systems and related
application products based on FANUC’s CNC system technologies as a comprehensive supplier offactory automation (FA) systems. Ultimately, FANUC CNC systems and the related application
products are used in automated production systems.
FANUC Group uses its CNCs and servo motors to manufacture all of its products. For this reason,
the decision is made, taking into consideration the status of orders, sales and production of all
products, in addition to the status of particular products.
As mentioned above, FANUC Group runs only one business segment based on the decision thatthe entire group makes for investment. Thus, the segment information is not stated herein.

16

2. Relevant information
Year ended March 31, 2024 (April 1, 2023 – March 31, 2024)(1)

Information by product and serviceFA

Net sales tounaffiliatedcustomers
(2)

ROBOT

180,384

ROBOMACHINE

380,944

Service

103,388

130,558(Millions of yen)Total
795,274

Information by region◎ Net sales(Millions of yen)Japan
Americas
Europe
Asia
Other
Total
105,134
227,340
168,539
284,085
10,176795,274
Note: Net sales are broken down by country or region where customers are located.
◎ Property, plant and equipment, at costJapan
489,485

Europe64,297

Other
53,973(Millions of yen)Total
607,755(Per share data)
Fiscal year 2022
Fiscal year 2023
(April 1, 2022 – March 31, 2023)(April 1, 2023 – March 31, 2024)
Net assets per share
1,695.19 yen Net assets per share
1,803.59 yen
Net income per share
178.55 yen Net income per share
140.23 yen
Net diluted income per share is not stated herein Net diluted income per share is not stated hereinas there exist no dilutive shares.
as there exist no dilutive shares.
Note: On April 1, 2023, the Company performed a 1-to-5 stock split of common share. The figures in“Net assets per share” and “Net income per share” were calculated assuming that the stock split was
performed at the beginning of the previous fiscal year.
Note: Net income per share is calculated based on the following:
Fiscal year 2022

Fiscal year 2023

(April 1, 2022– March 31, 2023)(April 1, 2023 – March 31, 2024)

170,587

133,159――

170,587

133,159

955,391

949,589

Net income attributable to owners ofparent (Millions of yen)Amount not attributable to commonshareholders (Millions of yen)
Net income attributable to owners ofparent, assigned to common share(Millions of yen)
Average number of shares outstanding(Thousands of share)17

(Significant subsequent events)(Cancellation of treasury shares)
At the meeting of the Board of Directors held on April 24, 2024, the Company resolved to cancel
treasury shares in accordance with Article 178 of the Companies Act.
1
Types of shares to be cancelled:
Company common shares
2

Number of shares to be cancelled:

7,655,104 shares(Ratio of total number of issued
shares prior to cancellation: 0.76%)

3

Scheduled date of cancellation:

May 31, 2024

4

Total number of issued shares after cancellation:

995,418,885 shares(Share Buyback)At the meeting held on April 24, 2024, the Board of Directors of FANUC CORPORATION
authorized the repurchase of its common shares pursuant to Article 156 of the Company Act asapplied pursuant to paragraph 3 of Article 165 of the Company Act, as described below.
1. Purpose of share buyback:To maintain the flexibility and mobility of the company’s capital policy, in response to changes in
the management environment.
2. Summary of share buyback:(1)
Class of shares to be
repurchased(2)
Total number of shares to be
repurchased(3)
Aggregate amount of shares
to be repurchased(4)
Method of share buyback(5)
Buyback period

Common shares
Up to 12.5 million shares（1.32% of outstanding shares*）
Up to 50 billion yen
Market purchase on the Tokyo Stock Exchange
May 1, 2024 – April 30, 2025
*Excluding treasury shares18