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

Consolidated Quarterly Financial Results(based on Japanese standards)
For the three months ended June 30, 2020
July 28, 2020
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: August 6, 2020
Scheduled date of commencing of dividend payments: Availability of supplementary briefing material on quarterly financial results: Available
Schedule of quarterly financial results briefing session: Scheduled
1. Consolidated Financial Results for the Three Months Ended June 30, 2020 (April 1, 2020 – June 30, 2020)(1) Consolidated Results of Operations(% represents changes from the previous corresponding Three-month period.)
Net income
Three months
NetsalesOperatingincomeOrdinary
incomeattributableto owners
ended June 30of parent
Millions of yen%

Millions of yen%

Millions of yen

2020
109,260(18.8)
11,078(61.3)
2019134,634(26.4)
28,595(47.5)
Note: Consolidated comprehensive income:April-June 2020:
April-June 2019:
Three months
ended June 302020
2019

Net income
per share

Net income
per share(diluted)

YenYen47.39
120.75%

Millions of yen

13,140(59.0)
32,063(47.2)¥12,650 million (6.3)%¥13,503 million (69.0)%

9,091
23,282%(61.0)(47.9)——(2) Consolidated Financial Position
Total assets
Millions of yen

Net assets

Equity ratio

Millions of yen%

June 30, 2020
1,475,032
1,342,173
March 31, 2020
1,512,499
1,362,865(Reference) Equity: June 30, 2020: ¥1,334,097 million

90.4
89.6
March 31, 2020: ¥1,355,100 million

2. Dividends
Dividends per share
1st Quarter

2nd Quarter

3rd Quarter

Year-end
Dividends

Full year

Yen

Yen

YenYenYen

FY2019125.35174.65300.00——FY2020—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 the 2nd quarter-end and 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)(% for the 2Q cumulative period and for the full year represent changes from the same quarter of the previous
fiscal year and changes from the previous fiscal year.)
Net income
Net income
Net sales
Operating income
Ordinary income
attributable toper shareowners of parent
2nd Quarter(Cumulative)

Millions of yen%

212,400(18.6)

Millions of yen%

20,400 (58.4)

Millions of yen%

25,900 (54.6)

Millions of yen%

Yen

18,700 (53.5)

97.48

Fiscal period
423,300 (16.7)
38,500 (56.4)
47,700 (53.6)
34,500 (53.0)
179.85
Note: 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 Reporting: No(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
June 30, 2020
March 31, 2020
shares
2. Number of treasury stocks
June 30, 2020

204,031,841
shares

10,097,565
sharesMarch 31, 2020

12,205,848
shares3. Average number of shares during the period
191,825,011
April-June 2020
sharesApril-June 2019

192,813,688
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 2nd quarter-end and theyear-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

3

2. Consolidated Quarterly Financial Statements(1)

Consolidated Quarterly Balance Sheet(2)

Consolidated Quarterly Statement of Income andConsolidated Quarterly Statement of Comprehensive Income

57

Consolidated Quarterly Statement of Income

7

Consolidated Quarterly Statement of Comprehensive Income

8

3. Other Information

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

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

(3)

599

Changes in Accounting Principles and Accounting Estimates, andRevisions/Restatements

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

911. Results of Operations and Financial Position(1) Results of Operations
Regarding the circumstances surrounding the FANUC Group during the first quarter (from April 1to June 30, 2020), the market conditions became even harsher, due to the spread of the coronavirus(COVID-19) amid the ongoing reduction in capital investment stemming from the impact of the trade
friction between the United States and China and other factors. Under these circumstances, theFANUC Group has striven to maintain delivery of products and service activities for our customers
while placing highest priority on preventing the spread of the coronavirus (COVID-19). In addition, todeal with the current strenuous market conditions, we have steadily fortified our corporate structure
by reducing expenses, reviewing unnecessary and non-urgent capital investment, and streamlining
business operations.
During the three months from April to June 2020, FANUC posted consolidated net sales totaling¥109,260 million, down 18.8%, consolidated ordinary income totaling ¥13,140 million, down 59.0%,
and net income attributable to owners of parent totaling ¥9,091 million, down 61.0%, compared withthe corresponding period of the previous fiscal year.

An overview of the results for each business division is as follows:

In the FA Division, in the machine tool industry, the primary market for FANUC CNC systems,
although demand recovered and remained solid in China, demands in Japan, South Korea andTaiwan remained sluggish. In addition, demand declined in Europe and India as well, where theimpact of lockdowns was significant. With regard to our lasers, there was a slowdown in demand,and competition with overseas manufacturers is further intensifying. As a result, net sales in the FA
Division totaled ¥34,848 million, down 19.9% compared with the corresponding period of the previous
fiscal year.
In the Robot Division, although sales for the automobile industries in the Americas were slow,sales for the general industries were solid. Sales mainly for the IT-related industry in China remained
favorable. However, sales remained sluggish in Japan and Europe. As a result, net sales in theRobot Division totaled ¥40,630 million, down 13.7% compared with the corresponding period of theprevious fiscal year.
In the Robomachine Division, although demand for ROBODRILLs (compact machining centers)
for the computer and tablet markets in China remained positive, sales declined due to decreased
demand in other regions and markets. Although sales of ROBOSHOTs (electric injection moldingmachines) also decreased compared with the corresponding period of the previous fiscal year, wefocused efforts on expanding sales mainly in the medical market. With regard to ROBOCUTs(wire-cut electric discharge machines), sales also declined. As a result, net sales in the Robomachine
Division totaled ¥18,367 million, down 16.8% compared with the corresponding period of the previous
fiscal year.

2In the Service Division, lockdowns imposed by the coronavirus (COVID-19) in countries
throughout the world, brought about closure of customers’ factories, decrease in factories’ operating
rates among others, resulting in the decrease in requests for our services. As a result, net sales in
the Service Division totaled ¥15,415 million, down 29.8% compared with the corresponding period of
the previous fiscal year.

(2) Financial Position
Total assets were ¥1,475,032 million, down ¥37,467 million compared with the end of theprevious fiscal year.
Total liabilities were ¥132,859 million, down ¥16,775 million compared with the end of theprevious fiscal year.
Total net assets were ¥1,342,173 million, down ¥20,692 million compared with the end of theprevious 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, 2019. (This policy is written in the Consolidated Annual Financial Results for
the Year ended March 31, 2019) (There was no effect on the amount of total net assets.)(3) Financial Results Forecasts
Regarding the consolidated financial forecasts for the year ending March 31, 2021, since it has
been difficult to reasonably estimate how far the coronavirus (COVID-19) will further spread andwhen the pandemic will end, only the forecast for the second quarter (cumulative) of the year ending
March 31, 2021 was disclosed on April 24, 2020, and not the full-year forecast.
At this time, we have decided to revise the forecast for the consolidated financial results for thesecond quarter (cumulative) of the year ending March 31, 2021, and announce the forecast for theconsolidated financial results for the full-year, based on calculations considering the foreseeable
impact of the spread of the coronavirus (COVID-19) on the FANUC Group.
However actual results may differ from these forecasts, subject to various conditions, including
how far the coronavirus (COVID-19) will further spread, and when the pandemic will end. We willpromptly publish new information, which may greatly affect actual results if any, upon theiravailability.

3For the first half of the fiscal year 2020 (April 1, 2020 through September 30, 2020)(Millions of yen)

Net sales
Operating income
Ordinary income
Net income
attributable to ownersof parent

Previous forecast(released on
April 24, 2020)
197,900
18,90023,100

New forecast

16,400Comparison with
Previous forecast (%)

212,400
20,40025,900

7.3
7.9
12.1

18,70014.0

For the fiscal year 2020 (April 1, 2020 through March 31, 2021)(Millions of yen)

Net sales
Operating income
Ordinary income
Net income
attributable to ownersof parent

Previous forecast(released on
April 24, 2020)-

New forecast

Comparison with
Previous forecast (%)

423,300
38,50047,700-34,500-Note: The currency rate applied to the period from July 1, 2020 to March 31, 2021 is averaged at 100
yen/US dollar and 115 yen/Euro.

4

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

June 30, 2020

405,861
85,266
126,700
65,122
51,97925,45010,833(831)

373,075
84,621
126,600
69,00447,46527,83911,751(751)

770,380739,604

Buildings

310,060

316,269

Land
Other, net

146,085
140,991

146,579
130,061

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

597,136592,909

10,2199,893

Investment securities
OthersAllowance for doubtful accounts

83,33751,883(456)

84,17048,913(457)

Total investments and other assets
Total noncurrent assets

134,764

132,626

742,119735,428

1,512,499

1,475,032

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

Total assets

5

(Millions of yen)March 31, 2020

June 30, 2020

26,974
9,270
8,306
56,41325,5294,809
8,003
45,668100,963

84,00944,652
4,019

44,862
3,988

48,671

48,850149,634

132,859

69,01496,26569,01496,265

1,351,122(127,822)

1,304,963(105,753)

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

1,388,579

1,364,489

5,058

8,352

(26,608)(11,929)(27,256)(11,488)(33,479)(30,392)

7,765

8,076

Total net assets

1,362,865

1,342,173

1,512,499

1,475,032

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

6(2) Consolidated Quarterly Statement of Income andConsolidated Quarterly Statement of Comprehensive Income
Consolidated Quarterly Statement of Income(Millions of yen)Three months ended
June 30, 2019

Three months ended
June 30, 2020

Net sales
Cost of goods sold134,634
82,153

109,260
77,782Gross profit

52,481

31,478Selling, general and administrative expenses

23,886

20,400Operating income

28,595

11,078Non-operating income
Interest income
Dividends income
Equity in earnings of affiliates
Miscellaneous income

1,067
537
2,259
868

729
184
1,447
566

Total non-operating income

4,731

2,926

36362138215

747
91

448
63

1,263

864

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

32,063

13,140

Income before income taxes

32,063

13,140

Income taxes-current
Income taxes-deferred

5,924
2,532

2,615
1,002

Total taxes and others

8,456

3,617

Net income

23,607

9,523

325

432

23,282

9,091

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

7

Consolidated Quarterly Statement of Comprehensive Income(Millions of yen)

Net income
Other comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Share of other comprehensive income of affiliates
accounted for using equity method
Total other comprehensive income
Comprehensive income for the three months ended
June 30
Comprehensive income attributable to:
Owners of parent
Non-controlling interests

8

Three months ended
June 30, 2019

Three months ended
June 30, 2020

23,607

9,523

345

3,294

(11,892)
772

1,142
441

671

(1,750)(10,104)

3,12713,503

12,65013,540(37)

12,177473

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

None(2) Adoption of Simplified and Specifically Applied Accounting Method
for Quarterly Consolidated Financial Reporting:None(3) Changes in Accounting Principles and Accounting Estimates, andRevisions/Restatements:

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’ meeting 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 three months ended June 30, 2020.

9