(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, 2023
April 26, 2023
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 29, 2023
Scheduled date of commencing of dividend payments: June 30, 2023
Scheduled date of filing the Securities Report: June 30, 2023
Availability of supplementary briefing material on annual financial results: Yes
Schedule of annual financial results briefing session: Yes
1. Consolidated Financial Results for the Year Ended March 31, 2023 (April 1, 2022 – March 31, 2023)(1) Consolidated Results of Operations(% represents changes from the previous term.)
Net income
Net sales
attributable to owners
Operating income
Ordinary incomeof parent
Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen

FY2022
851,956
16.2
191,359
4.4
231,3278.4
FY2021
733,008
33.0
183,24062.9
213,39565.8
Note: Consolidated comprehensive income:
FY2022: ¥ 203,640 million 1.2%
FY2021: ¥ 201,257 million 62.2%
Net income
per share

Net income
per share(diluted)

Return on equity

Yen

Yen

%

Ordinary
income-to-total
capital ratio%%

170,587
155,273

9.9
65.2

Operatingincome-to-net
sales ratio%

FY2022178.55
—
10.8
12.6
22.5
FY2021161.90
—
10.5
12.5
25.0
(Reference) Equity in earnings of affiliates: FY2022: ¥32,371 million
FY2021: ¥23,126 million
Note: On April 1, 2023, the Company performed a 1 for 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

FY2022
1,873,536
1,627,555
86.2
1,695.19
FY2021
1,783,964
1,549,879
86.1
1,601.31(Reference) Equity: FY2022 ¥1,615,376 million
FY2021 ¥1,535,809 million
Note: On April 1, 2023, the Company performed a 1 for 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

FY2022
FY2021

99,505125,581(77,998)(53,929)(127,924)(89,154)476,953574,655

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)

Millions of yen

Payoutratio(consolidated)%

Dividends-tonet assets
ratio(consolidated)%

FY2021246.02239.68
485.7093,16860.0
6.3――
FY2022264.02271.64535.66102,279
60.0
6.5
―
―
FY2023――――――(forecast)
Note: On April 1, 2023, the Company performed a 1 for 5 stock split of common share. Figures for FY2021
and FY2022 are the actual amount of dividends before the stock split.
Note: The 2nd quarter-end and year-end dividends for FY2023, will be disclosed promptly upon theiravailability.
3. Consolidated Financial Forecasts for FY 2023 (April 1, 2023 – March 31, 2024)(% 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)

Millions of yen%

399,600(4.0)

Millions of yen%

Millions of yen

76,200 (19.5)

91,600%(20.7)%

Millions ofYen

67,100 (20.3)

70.42

Full year
819,500 (3.8)
156,300 (18.3)
185,500 (19.8)
137,100 (19.6)
143.87
Note: On April 1, 2023, the Company performed a 1 for 5 stock split of common share. “Net income per share”
in the Consolidated Financial Forecasts has taken into account the impact of the stock split.
*Notes(1) Changes in Significant Subsidiaries during the year ended March 31, 2023
(changes in specific subsidiaries that caused change in scope of consolidation) :No(2) Changes in Accounting Principles and Changes, Revisions or Restatements in Accounting Estimates
1. Changes in accounting principles associated with changes inaccounting standards

:

No

2.

:

No

3. Changes in accounting estimates:No

4. Revisions or restatements in accounting estimates: No

Changes in accounting principles other than 1(3) Number of shares outstanding (Common shares)
1. Number of shares outstanding at the end of the period (including treasury stocks)
1,009,546,985
March 31, 2023
March 31, 2022
shares
2. Number of treasury stocks at the end of the period
56,626,695
March 31, 2023
shares
3. Average number of shares during the period
955,390,733
Year ended
sharesMarch 31, 2023

1,009,546,985
sharesMarch 31, 2022

50,449,375
sharesYear ended
March 31, 2022

959,086,615
sharesNote: On April 1, 2023, the Company performed a 1 for 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 FY 2022 (April 1, 2022 – March 31, 2023)(1) Non-Consolidated Results of Operations(% represents changes from the previous term.)
Net sales
Operating income
Ordinary income
Net income
FY2022
FY2021Millions of yen

635,002578,260

%

9.8
39.0

Millions of yen

Net income
per shareYen

128,202132,768

%

(3.4)
109.1

Millions of yen

231,896
159,216

%

45.6
81.2

Millions of yen

190,643
122,064

%

56.2
73.3

Net income
per share(diluted)Yen

FY2022199.54—FY2021
127.27—
Note: On April 1, 2023, the Company performed a 1 for 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

Millions of yen

Millions of yen%

Net assets
per shareYen

FY2022
1,369,957
1,218,677
89.0
1,278.89
FY2021
1,307,224
1,150,023
88.0
1,199.07(Reference) Equity: FY 2022 ¥1,218,677 million FY2021 ¥1,150,023 million
Note: On April 1, 2023, the Company performed a 1 for 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 FY 2023, 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 Sheets(2)

Consolidated Statements of Income and99Consolidated Statements of Comprehensive Income

11

(3)

Consolidated Statements of Changes in Net Assets

13

(4)

Consolidated Statements of Cash Flows

15

(5)

Notes to Consolidated Financial Statements

16（Note on premise of a going concern）

16（Segment information, etc.）

16（Per share data）

17（Significant subsequent events）

171

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, 2022
– March 31, 2023), capital investment in the entire manufacturing sector, including automobile
related sector, was active. However, the outlook has remained uncertain, due to several factors,
including the impact of the shortage in semiconductors and other components on production
activities, the soaring price of raw materials, and sudden fluctuations in foreign exchange rates.
Under these circumstances, the FANUC Group has striven to maintain the delivery of products andservice activities for our customers while preventing the spread of COVID-19. In particular, withregard to the shortages of semiconductors and other components, the entire company has become
involved and has done every effort to minimize the impact of such shortages by taking measures
such as utilizing alternative parts and even changing the mechanical design of our products.
Even under such difficult circumstances as these, the FANUC Group has pushed 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 we are doing business globally,and pushed forward with development geared towards improved energy-efficiency of our products.
Further, we have been engaged in energy-saving initiatives, including the large-scale installation ofsolar panels at the Headquarters and Mibu areas.
During the fiscal year ended March 31, 2023, FANUC posted consolidated net sales totaling¥851,956 million, up 16.2%, consolidated ordinary income totaling ¥231,327 million, up 8.4%, andnet income attributable to owners of parent totaling ¥170,587 million, up 9.9%, compared with theprevious fiscal year.
During this fiscal year, the “FANUC Robot M-1000iA,” which is a compact robot with a wide rangeof motion, a powerful yet smart design, and a 1,000 kg payload capacity, won awards at the “Nikkan
Kogyo Shimbun Best 10 New Product Awards 2022 (Main Award),” the “2022Nikkei Excellent
Products and Services Awards - Nikkei Business Daily Awards,” and the “2022 GOOD DESIGNAWARDS – GOOD DESIGN BEST 100.”
The following is a summary of the results for each business division:[FA Division]
In the FA Division, overall demand from the machine tool industry, the primary market for CNC
systems, remained very strong with the exception of China. Demand in China remained at the level
similar to those in the previous fiscal year. Sales of our CNC systems increased compared with the2previous fiscal year.
The FA Division posted consolidated sales totaling ¥250,113 million, up 10.6%, compared withthe previous fiscal year, and FA Division sales accounted for 29.4% of consolidated net sales.
[ROBOT Division]
In the ROBOT Division, sales increased significantly in China, compared with the previous fiscal
year due to very strong demand, mainly for EVs, logistics and renewable energy-related industries.
Demand in the United States was very strong for general industries and for the automobile industry
with EV-related demand. Demand for general industries also remained very strong in Europe,
resulting in sales increasing significantly across the two regions. In Japan, sales increased due tostrong demand in the latter half of the period, mainly for general industries.
The ROBOT Division posted consolidated sales totaling ¥356,984 million, up 33.0%, comparedwith the previous fiscal year. ROBOT Division sales accounted for 41.9% of consolidated net sales.
[ROBOMACHINE Division]
In the Robomachine Division, sales of ROBODRILLs (compact machining centers) decreased,compared with the previous fiscal year due to a lull in demand in the personal computer, tablet, andsmartphone markets, which had been very strong. ROBOSHOTs (electric injection molding
machines) maintained the same level of sales as the previous fiscal year due to strong demand from
IT-related and medical markets. Sales of ROBOCUTs (wire electrical-discharge machines) increased
due to strong demand from automobile component and medical markets.
The ROBOMACHINE Division posted consolidated sales totaling ¥132,788 million, down 8.2%,
compared with the previous fiscal year. ROBOMACHINE Division sales accounted for 15.6% ofconsolidated net sales.
[Service Division]
In the Service Division, with an emphasis on our policy of “Service First,” we strengthened theservice system and improving efficiency by actively introducing IT technology.
The Service Division posted consolidated sales totaling ¥112,071 million, up 19.6%, comparedwith the previous fiscal year. Service Division sales accounted for 13.1% of consolidated net sales.

3(2) Overview of Financial Position
Total assets were ¥1,873,536 million, up ¥89,572 million, compared with the end of the previous
fiscal year.
Total liabilities were ¥245,981 million, up ¥11,896 million, compared with the end of the previous
fiscal year.
Total net assets were ¥1,627,555 million, up ¥77,676 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 ¥476,953 million,
down ¥97,702 million from the end of the previous fiscal year.
(Cash flows from operating activities)
Cash provided by operating activities amounted to ¥99,505 million, down ¥26,076 million fromthe previous fiscal year. This was mainly due to the increase in the income taxes payment.
(Cash flows from investing activities)
Cash used in investing activities amounted to ¥77,998 million, up ¥24,069 million from theprevious fiscal year. This was mainly due to the increase in purchases of property, plant, andequipment.
(Cash flows from financing activities)
Cash used in financing activities amounted to ¥127,924 million, up ¥38,770 million from theprevious fiscal year. This was mainly due to the increase in purchases of treasury stock.

4(4) Future Outlook
Due to concerns about the global economic slowdown and the expected impact on production
based on inventory adjustments from the second half of FY 2022 (the fiscal year ending March 31,2023), the Company forecasts consolidated financial results for FY 2023 (the fiscal year ending
March 31, 2024), as follows.

Full-year financial forecasts for FY 2023
Amount(Millions of yen)

Ratio of change fromthe previous fiscal
year (%)

Net sales

819,500(3.8)

Operating income

156,300(18.3)

Ordinary income

185,500(19.8)Net income attributable to owners of parent

137,100(19.6)

Note: The currency rate applied to the period from April 1, 2023 to March 31, 2024 is averaged at
125 yen/US dollar and 135 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, 2023)

Yen
264.02

Yen
271.64

Yen
535.6660.0%(Reference)Previous period (fiscal year
ended March 31, 2022)

Yen
246.02

Yen
239.68Yen
485.7060.0%

Note: On April 1, 2023, the Company performed a 1 for 5 stock split of common share. As the record
date for the year-end dividends for FY 2022 was March 31, 2023, the stated dividend amount is basedon the number of shares prior to 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 theseprinciples lie the beliefs that a company will last forever and be sound with strict preciseness, andthat the corruption of an organization and downfall of a company will start from a lack oftransparency.
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 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 geopolitical6

risk 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.
Guided by the slogan “one FANUC,” the FANUC Group will take maximum advantage of ourunique strength in uniting our FA, ROBOT, and ROBOMACHINE Divisions to jointly provide totalsolutions and take care of customers throughout the world. 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, in order to develop and launch highly competitive products to the market, we willproactively invest in research and development. We will focus on the area of factory automation, in
which we can exhibit the Company’s strengths, and proactively invest in research and developmentwith 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・AI are indispensable technologies for FANUC to continue
developing and launching highly competitive products to the market. By aggressively adopting thesetechnologies in all areas of FA, ROBOT, and ROBOMACHINE products, we will further promotecustomers’ production efficiency.
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 enhance7

our human capital.
With regard to management, we will focus even more on the fact that FANUC’s products canmake major contributions to the achievement of SDGs. In addition to the operating income ratio,
ordinary income ratio, and ROE, market shares will also be considered to be an important businessindicator, and decisions will be made comprehensively with these in mind.
With regard to infection disease, FANUC is prioritizing the prevention of infection among its
customers, partners, employees, and family members, along with containing its spread, while
striving to continue to provide products and services to customers.
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, 2022

March 31, 2023

423,515
25,707

512,528
24,824

Accounts receivable, tradeMarketable securities
Finished goods
Work in progress

124,488
177,700
114,228
80,006

137,961
16,700157,888
92,098Raw materials and supplies
Other current assets
Allowance for doubtful accounts

55,33014,996(1,024)

100,591
20,549(1,399)1,014,946

1,061,740

Buildings, net
Machinery and equipment, net
LandConstruction in progress
Other, net

326,459
56,665
155,369
24,292
15,348325,10255,089158,055
33,102
17,348

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

578,133

588,696

8,933

10,855Investment securities
Deferred tax assets
Net defined benefit asset
OthersAllowance for doubtful accounts

135,70934,607
7,809
4,252
(425)

159,500
46,461
5,444
1,302
(462)

Total investments and other assets
Total noncurrent assets

181,952

212,245

769,018

811,796

1,783,964

1,873,536

AssetsCurrent assets
Cash and bank deposits
Notes receivables, trade

Total current assets
Noncurrent assets
Property, plant and equipment

Total assets

9

(Millions of yen)March 31, 2022

March 31, 2023

49,47337,572
10,73979,81856,93525,736
11,222
90,062

177,602

183,955

51,693
4,790

55,201
6,825

56,48362,026

234,085

245,981

69,01496,082
1,441,559(105,950)

69,01496,265
1,515,662

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

1,500,705

1,550,735

15,204

13,71836,087(16,187)(17,014)35,10464,641

14,07012,179Total net assets

1,549,879

1,627,555

1,783,964

1,873,536

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 stock
Capital surplus
Retained earnings
Treasury stock, at cost

Total liabilities and net assets

10(130,206)

67,937

(2) Consolidated Statement of Income andConsolidated Statement of Comprehensive Income
Consolidated Statement of Income(Millions of yen)
Years ended March 31
2022

2023

Net sales
Cost of goods sold

733,008437,374

851,956
526,549

Gross profit

295,634

325,407

Selling, general and administrative expenses

112,394

134,048

Operating income

183,240

191,359

Non-operating income
Interest income
Dividends income
Equity in earnings of affiliates
Miscellaneous income

2,055
1,137
23,126
5,956

3,840
1,921
32,371
5,093

Total non-operating income

32,274

43,225

644

1,287

410

1,182

397
288
380

307
－
481

Non-operating expenses
Removal expenses of noncurrent assets
Loss on sales and retirement of noncurrent
assetsDonations
Litigation settlement
Miscellaneous expenses
Total non-operating expenses
Ordinary income
Extraordinary losses
Loss from money transfer scam at foreignsubsidiary
Impairment losses

2,119

3,257

213,395

231,327

478

―

―

1,224

Total extraordinary losses

478

1,224

Income before income taxes

212,917230,103

Income taxes-current
Income taxes-deferred

57,721(3,294)

66,853(10,664)

Total taxes and others

54,42756,189Net income

158,490

173,914

3,217

3,327

155,273

170,587

Net income attributable to non-controllinginterests
Net income attributable to owners of parent

11

Consolidated Statement of Comprehensive Income(Millions of yen)
Years ended March 31
2022

2023

158,490

173,914(1,706)(1,486)30,9692,414

26,277(827)

11,0905,762

42,767

29,726Comprehensive income

201,257

203,640

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

196,917
4,340

200,124
3,516

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 income12(3) Consolidated Statements of Changes in Net Assets
Year ended March 31, 2022 (April 1, 2021 - March 31, 2022)(Millions of yen)
Shareholders' equity

Balance at April 1, 2021

Common stock

Capital surplus

Retained earnings

Treasury stock, at
cost

Total
shareholders’equity69,014

95,995

1,373,018(106,008)

1,432,019

Changes during the year:
Dividends of surplus
Net income attributableto owners of parent
Purchase of treasury
stock
Disposal of treasury
stock
Retirement of treasurystock
Net change except
shareholders’ equity
during the year
Total changes during theyear
Balance at March 31, 2022

(86,732)(86,732)

155,273

155,273
(234)

(234)

220

159

379

(133)

133

－
－

－

87

68,541

58

68,68669,01496,082

1,441,559(105,950)

1,500,705

Accumulated other comprehensive income
Valuation
Total accumulated
Foreign currency Remeasurements
difference on
otherof defined benefit
translation
available-forcomprehensiveplans
adjustment
sale securities
incomeBalance at April 1, 2021

16,910(4,849)(18,601)(6,540)Noncontrollinginterests
10,075

Total net assets

1,435,554

Changes during the year:
Dividends of surplus
Net income attributableto owners of parent
Purchase of treasury
stock
Disposal of treasury
stock
Retirement of treasurystock
Net change except
shareholders’ equity
during the year
Total changes during theyear
Balance at March 31, 2022

(86,732)
155,273(234)
379－(1,706)40,9362,414

41,644

3,995

45,639(1,706)40,9362,414

41,644

3,995

114,325

15,20436,087(16,187)

35,104

14,0701,549,879

13

Year ended March 31, 2023 (April 1, 2022 - March 31, 2023)(Millions of yen)
Shareholders' equity

Balance at April 1, 2022

Common stock

Capital surplus

Retained earnings

Treasury stock, at
cost

Total
shareholders’equity69,01496,082

1,441,559(105,950)

1,500,705

Changes during the year:
Dividends of surplus
Net income attributableto owners of parent
Purchase of treasury
stock
Disposal of treasury
stock
Retirement of treasurystock
Net change except
shareholders’ equity
during the year
Total changes during theyear
Balance at March 31, 2023

(96,484)(96,484)

170,587

170,587

183(24,439)(24,439)

183

366
－
－

－

183

74,103(24,256)

50,03069,01496,265

1,515,662(130,206)

1,550,735

Accumulated other comprehensive income
Valuation
Total accumulated
Foreign currency Remeasurements
difference on
otherof defined benefit
translation
available-forcomprehensiveplans
adjustment
sale securities
incomeBalance at April 1, 2022

15,20436,087(16,187)

35,104

Noncontrollinginterests
14,070Total net assets

1,549,879

Changes during the year:
Dividends of surplus
Net income attributableto owners of parent
Purchase of treasury
stock
Disposal of treasury
stock
Retirement of treasurystock
Net change except
shareholders’ equity
during the year
Total changes during theyear
Balance at March 31, 2023

(96,484)
170,587(24,439)366－(1,486)31,850(827)

29,537(1,891)

27,646(1,486)31,850(827)

29,537(1,891)

77,676

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

12,1791,627,555

14

(4) Consolidated Statement of Cash Flows(Millions of yen)
Years ended March 31
2022

2023

Income before income taxes
Depreciation and amortization
Impairment losses
Increase (decrease) in allowance for doubtful
accounts
Increase (decrease) in net defined benefit liability(Increase) decrease in net defined benefit asset
Interest and dividend income
Equity in (earnings) losses of affiliates(Increase) decrease in receivables, trade(Increase) decrease in inventories
Increase (decrease) in payables, trade
Other

212,917
47,077230,10349,189

―

1,224

195

355

1,851
(2,232)

3,053
3,105

(3,192)(23,126)(14,498)(74,740)(5,761)(32,371)(3,375)(91,119)

2,758
12,445

4,632
1,027

Subtotal

159,455

160,062Interest and dividends received
Income taxes paid
Other

8,056
(43,332)
1,402

17,546(78,480)377

125,581

99,505(29,199)
12,012(34,363)(2,379)(70,000)
44,483(47,066)(5,415)(53,929)(77,998)(234)(86,799)(2,121)(24,436)(96,485)(7,003)(89,154)(127,924)

14,238

8,715

Cash flows from operating activities

Net cash provided by operating activities
Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchases of property, plant, and equipment
Other
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(3,264)(97,702)

Cash and cash equivalents at beginning of year

577,919574,655

Cash and cash equivalents at end of year

574,655

476,953

Net increase (decrease) in cash and cash equivalents15(5) Notes to Consolidated Financial Statements(Note on premise of a going concern)
Not applicable(Segment information, etc.)
1. Segment information
Year ended March 31, 2022 (April 1, 2021 – March 31, 2022) andYear ended March 31, 2023 (April 1, 2022 – March 31, 2023)
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.
2. Relevant information
Year ended March 31, 2023 (April 1, 2022 – March 31, 2023)(1)

Information by product and service

Net sales tounaffiliatedcustomers(2)

FA
250,113ROBOT

ROBOMACHINE

356,984

132,788

Service
112,071

Information by region◎ Net sales

Japan
Americas
EuropeAsia
Other125,247
199,448
146,642372,2628,357
Note: Net sales are broken down by country or region where customers are located.
◎ Property, plant and equipment, at cost
(Millions of yen)
Japan
Other
Total
497,574
91,122588,696

16(Millions of yen)
Total
851,956(Millions of yen)
Total
851,956

(Per share data)
Fiscal year 2021
Fiscal year 2022
(April 1, 2021 – March 31, 2022)(April 1, 2022 – March 31, 2023)
Net assets per share
1,601.31 yen Net assets per share
1,695.19 yen
Net income per share
161.90 yen Net income per share
178.55 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 for 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:

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

Fiscal year 2021

Fiscal year 2022

(April 1, 2021 – March 31, 2022)(April 1, 2022 – March 31, 2023)

155,273

170,587――

155,273

170,587

959,087

955,391(Significant subsequent events)(The stock split and the partial amendment to the Articles of Incorporation due to the stock split)
On April 1, 2023, the Company performed the stock split in accordance with the resolution of theBoard of Directors meeting held on January 27, 2023.
(1) Purpose of the stock split
The stock split aims to reduce the minimum investment price for the company's stock,
increase the liquidity of the stocks, and to further expand the investor base.
(2) Overview of the stock split[1] Stock split method
On March 31, 2023, the record date of the stock split, each common share owned byshareholders listed or recorded in the shareholder registry split into five shares.
[2] Increase in the number of shares as a result of the stock split
Total number of shares outstanding as of March 31, 2023

201,909,397 shares

Increase in the number of shares as a result of the stock split

807,637,588 shares

Number of shares outstanding after the stock split

1,009,546,985 shares

Number of authorized shares after the stock split

2,000,000,000 shares17

[3] Stock split schedule
Date of public notice of the record date

March 16, 2023

Record date

March 31, 2023

Effective date

April 1, 2023

(3) Partial amendment to the Articles of Incorporation[1] Reason for the amendment
Due to the stock split described above, the Company have amended the total number ofshares authorized to be issued stipulated in Article 5 of the Articles of Incorporation
effective April 1, 2023, by a resolution of the Board of Directors held on January 27, 2023,
pursuant to the Paragraph 2 of Article 184, of the Companies Act.
[2] Details of the amendment
The details of the amendment are as follows.
(Changes are underlined.)
After the amendment

Before the amendment
Article 5 (Total Number of Shares Authorized
to Be Issued)
The total number of shares authorized to
be issued by the Company shall befour hundred million (400,000,000) shares.

Article 5 (Total Number of Shares Authorized
to Be Issued)
The total number of shares authorized to
be issued by the Company shall be
two billion (2,000,000,000) shares.

[3] Amendment schedule
Effective date of amendment to the Articles of Incorporation

April 1, 2023

(4) Others[1] Change in share capital
The above stock split shall not change the Company’s share capital.
[2] Dividend
The above stock split shall be effective as of April 1, 2023. The year-end dividend for theyear ending March 31, 2023 shall be paid based on the number of shares before the stock
split.

18

(Cancellation of treasury shares)
At the meeting of the Board of Directors held on April 26, 2023, 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:

6,472,996 shares(Ratio of total number of issued
shares prior to cancellation: 0.64%)

3

Scheduled date of cancellation:

May 31, 2023

4

Total number of issued shares after cancellation:

1,003,073,989 shares

19