Consolidated Quarterly Financial Results (based on Japanese standards)
For the six months ended September 30, 2015
October 27, 2015
Stock exchange listing: Tokyo Stock Exchange
URL http://www.fanuc.co.jp(Name) Yoshiharu Inaba(Name) Keisuke Fujii
Tel: (0555) 84-5555

Company name:
FANUC CORPORATION
Stock code:
6954
Representative: (Title) President and CEO
Contact:(Title) Manager, Public Relations

1. Consolidated Financial Results for the Six months Ended September 30, 2015 (April 1, 2015 –September 30, 2015)(1) Consolidated Results of Operations(% represents change from the corresponding previous six months period)
Net income
Six months ended
attributable to
Net
sales
OperatingincomeOrdinary
incomeSeptember 30
shareholders ofparent company
Millions of yen%

Millions of yen% Millions of yen

349,969
2.1
127,341(7.9) 136,829
342,815
58.6
138,31984.8 145,002
Note: Comprehensive income April-September 2015 ¥81,257 million
April-September 2014 ¥105,656 million
2015
2014

Six months ended
September 30

Net income pershare basic

91,90394,366

(2.6)
88.4

%

Diluted net income
per share

Yen

Yen

469.76482.282015
2014% Millions of yen

(5.6)
83.3
(23.1)%55.1%

──(2) Consolidated Financial Position
Total assets

Net assets

Millions of yen

Equity ratio

Millions of yen%

1,541,909
1,370,821
88.5
1,611,626
1,386,695
85.6
Ref.: Equity: September 30, 2015 ¥1,363,935 million
March 31, 2015 ¥1,379,177 million
September 30, 2015
March 31, 2015

2. Dividends
June 30
Yen

Dividends per share
Mar. 31
Sept. 30
Dec. 31(Year end)
Yen

Yen

Yen

Full year
Yen

2014
－
144.69－491.93636.62
2015－
281.862015 (forecast)－－－
Note: We have changed the forecasts of dividends from the latest ones.
Note: With regard to the forecasts of the year-end dividends for the year ending March 31, 2016, we
expect to disclose them promptly after we become able to disclose them.

3. Consolidated Financial Results Forecasts for the Year Ending March 31, 2016 (April 1, 2015 –March 31, 2016)(% represents change from the previous year.)
Net income
Net
attributable to
Net sales
Operating income
Ordinary income
incomeshareholders ofparent company per share
Millions of yen%

Yen

Fiscal period
630,900 (13.5)
218,400 (26.7)
236,300 (24.3)
162,500
Note: We have changed the forecasts of financial results from the latest ones.

Millions of yen%

Millions of yen%

Millions of yen%(21.7)

830.61

4. Notes(1) Changes in significant subsidiaries during the six months ended September 30, 2015
(Changes in certain subsidiaries requiring changes in scope of consolidation) : No
(2) Application of the accounting method specific to quarterly consolidated
financial statements:

No(3) Changes in accounting principles, changes in accounting estimates, and revisions/restatements① Changes associated with changes in accounting standards:

Applicable② Changes in accounting principles other than ①:No③ Changes in accounting estimates

:

No

:
No
④ Revisions/restatements
Note: For details, please see “3. Other Information (3) Changes in accounting principles, changes inaccounting estimates, and revisions/restatements” on Page 8 in Attachment.

(4) Number of shares outstanding (Common share)① Number of shares outstanding at the end of the period (including treasury stocks)
205,942,215
September 30, 2015
March 31, 2015
shares
② Number of treasury stocks
September 30, 2015

10,307,752
shares

③ Average number of shares during the period
April-September 2015 195,638,606
shares239,508,317
sharesMarch 31, 2015

43,863,212
sharesApril-September 2014

195,667,597
shares＊ Status of quarterly review
These quarterly financial results are not subject to the quarterly review based on the Financial Instruments
and Exchange Law. The review process for the quarterly financial statements based on the Financial
Instruments and Exchange Law has not been completed at the time of the disclosure of these results.
＊ Statements on the proper use of financial forecasts and other special notes
Any forecasts described in this report are subject to uncertain factors such as supply and demand trends,
industry competition, economic conditions, and others in major markets. Actual results may differ from these
forecasts. With regard to the forecasts of the year-end dividends for the year ending March 31, 2016, we
expect to disclose them promptly after we become able to disclose them.

Table of Contents of Accompanying Documents
1. Results of Operations and Financial Position(1) Results of Operations22(2) Financial Position

2(3) Financial Results Forecasts

3

2. Consolidated Financial Statements(1) Consolidated Quarterly Balance Sheet(2) Consolidated Quarterly Statement of Income andConsolidated Quarterly Statement of Comprehensive Income

445

Consolidated Quarterly Statement of Income

5

Consolidated Quarterly Statement of Comprehensive Income

6(3) Consolidated Quarterly Statement of Cash Flow
3. Other Information(1) Changes in Significant Subsidiaries during the Six Months Ended
September 30, 2015

788(2) Application of the Accounting Method Specific to Quarterly
Consolidated Financial Statements

8(3) Changes in Accounting principles, Changes in Accounting
Estimates, and Revisions/Restatements

8(4) Note on Premise of a Going Concern

9(5) Note on the Substantial Change in the Shareholders’ Equity

9

Supplement to Consolidated Financial Results

11. Results of Operations and Financial Position(1) Results of Operations
Regarding the FANUC Group's results for the first half of the current fiscal year (April to
September 2015), for the FA Group, sales to the machine tool industry—the primary market for our
FA products—remained largely unchanged in Japan and Europe. However, sales in China slowed
considerably from the middle of the period. Likewise, sales in Taiwan and South Korea weresluggish in the latter half of the period due to factors such as the effects of slowdown in the
Chinese market. Under these circumstances, overall net sales for the FA Group decreased
compared with the corresponding period of the previous fiscal year. In the Robot Group, demands
were steady in Japan, and high in both the automotive industry and general industries in theAmericas and Europe. Similarly, demands were robust in Asia (including China). On the whole,
results for the Robot Group were favorable. In the Robomachine Group, affected by short-term
demands from a sector in the IT industry terminating earlier than expected, net sales of
ROBODRILL (small machining center) dropped significantly in the latter half of the period.
Nevertheless, sales of ROBODRILL to the automotive industry, as well as sales of ROBOSHOT(electric injection molding machine) and ROBOCUT (wire-cut electric discharge machine) all
remained steady.
Under these circumstances, the FANUC Group strived to make customers trust our products
and services to an even greater extent, by becoming united as one group under the slogans:"Reliable, Predictable, Easy to repair", “Service First” and “one FANUC”, so that we can achieve
stability and further development in our business.
As a result, during the first half of the current fiscal year, FANUC posted consolidated net sales
totaling ¥349,969 million, up 2.1%, consolidated ordinary income totaling ¥136,829 million, down
5.6%, and consolidated net income totaling ¥91,903 million, down 2.6%, compared with thecorresponding period of the previous fiscal year.
Looking at the performance by business group, the FA Group posted consolidated sales
totaling ¥96,657 million, down 10.1%, the Robot Group posted consolidated sales totaling ¥92,391
million, up 24.0%, the Robomachine Group posted consolidated sales totaling ¥119,622 million,
down 3.6%, and the Service Group posted consolidated sales totaling ¥41,299 million, up 12.8%,
compared with the corresponding period of the previous fiscal year.
※ “Net income” in “Results of Operations and Financial Position” means “Net
income attributable to shareholders of parent company” in the Statementof Income.

(2) Financial Position① Assets, Liabilities and Net Assets
Total assets decreased ¥69,717 million to ¥1,541,909 million compared with the end of the previous
fiscal year. The main decrease is ¥80,582 million in cash and deposits.
Total liabilities decreased ¥53,843 million to ¥171,088 million compared with the end of the previous
fiscal year.
Total net assets decreased ¥15,874 million to ¥1,370,821 million from the end of the previous fiscal
year.
We cancelled our treasury stock exceeding 5% of the total number of issued shares on June 10,2015 (33,566,102 shares, ¥239,471 million) based on the new shareholder return policy we announced
on April 27, 2015. (There was no effect on the amount of total net assets.)2② Cash Flow
Consolidated cash flow for the six months ended September 30, 2015 amounted to minus ¥55,582
million, down ¥111,935 million from the same period of the previous fiscal year. This amount is derived
from the increase/decrease in the cash flow described below, and a deduction of ¥7,738 million due tolosses from currency exchange. As a result, the balance of cash and cash equivalents at the end of thesix months ended September 30, 2015 amounted to ¥935,654 million.
(Cash Flow in Operating Activities)
Cash provided by operating activities during the six months ended September 30, 2015 amounted
to ¥80,494 million, up ¥2,246 million compared with the same period of the previous fiscal year. This ismainly due to the decrease in notes and accounts receivable - trade.
(Cash Flow in Investing Activities)
Cash used in investing activities during the six months ended September 30, 2015 amounted to¥31,354 million, up ¥19,965 million compared with the same period of the previous fiscal year. This ismainly due to the increase in the purchase of property, plant and equipment.
(Cash Flow in Financing Activities)
Cash used in financing activities during the six months ended September 30, 2015 amounted to¥96,984 million, up ¥78,388 million compared with the same period of the previous fiscal year. This ismainly due to the increase in cash dividends paid.
(3) Financial Results Forecasts
There is increasing uncertainty about the prospects of the business environment surrounding the
FANUC Group. Our financial forecasts at present for the fiscal year 2015 (April 1, 2015 through March
31, 2016) are set out below.

For the fiscal year 2015 (April 1, 2015 through March 31, 2016)
Previous forecast(released on July28, 2015)

New forecast(Millions of yen)Comparison with
Previous forecast(%)

Net sales

628,300

630,900

0.4

Operating income

218,200

218,400

0.1

Ordinary income

233,100

236,300

1.4

Net income

159,500

162,500

1.9.
Note: The currency rate applied to the period from October 2015 to March 2016 is estimated at 115
yen/US dollar and 125 yen/euro on average.

32. Consolidated Financial Statements(1) Consolidated Quarterly Balance Sheet(Millions of Yen)
March 31, 2015
AssetsCurrent assets:
Cash and deposits
Notes and accounts receivable – trade
Securities
Merchandise and finished goods
Work in process
Raw materials and supplies
Deferred income tax
OthersAllowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Land
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
OthersAllowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total Assets
Liabilities
Current liabilities:
Notes and accounts payable – trade
Income taxes payable
Warranty reserves
OthersTotal current liabilities
Noncurrent liabilities
Liability related to retirement benefits
OthersTotal noncurrent liabilities
Total Liabilities
Net Assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury stocks
Total shareholders’ equity
Accumulated other comprehensive income (loss)
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Accumulated adjustment to retirement
benefits
Total accumulated other comprehensive
income (loss)
Non-Controlling Interests in Consolidated
Subsidiaries
Total Net Assets
Total Liabilities and Net Assets

4

September 30, 2015

871,236
135,127
120,000
54,28042,85911,662
26,686
13,669(2,164)
1,273,355

790,654
104,828
145,000
55,24242,01914,35625,727
9,546(1,664)
1,185,708

125,893140,032
265,925950

129,065
152,851
281,916
3,144

59,753
11,643(0)71,396338,271
1,611,626

57,196
13,945(0)71,141
356,201
1,541,909

40,572
72,2196,546
53,274
172,61125,56935,247
6,991
50,350118,157

47,534
4,786
52,320224,931

49,7683,163
52,931
171,088

69,01496,2771,500,635(312,855)
1,353,071

69,01496,211
1,256,895(73,649)
1,348,471

7,482

4,794

29,372(10,748)

22,630(11,960)

26,106

15,464

7,518

6,886

1,386,695
1,611,626

1,370,821
1,541,909

(2) Consolidated Quarterly Statement of Income andConsolidated Quarterly Statement of Comprehensive Income
Consolidated Quarterly Statement of Income(Millions of Yen)
Six months ended
September 30, 2014
Net sales
Cost of goods sold
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Equity method income
Miscellaneous income
Total non-operating income
Non-operating expenses
Loss on sales and retirement of noncurrent assets
Donation
Miscellaneous expenses
Total non-operating expenses
Ordinary income
Income before income taxes and minority interests
Income taxes-current
Income taxes-deferred
Total taxes and others
Net income
Minority interests in income
Net income attributable to shareholders of parent
company5

Six months ended
September 30, 2015

342,815
166,165
176,650
38,331
138,319

349,969
180,378
169,591
42,250127,341

1,377
207
4,323
1,076
6,983

1,206
865
6,030
2,102
10,203

56
16
228
300
145,002
145,00252,977(2,698)50,27994,723357
94,366

318
209
188
715
136,829
136,82945,859(1,373)44,486
92,343440
91,903

Consolidated Quarterly Statement of Comprehensive Income(Millions of Yen)
Six months ended
September 30, 2014
Net income
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Adjustment to retirement benefit
Share of other comprehensive income of affiliates
accounted for using equity method
Total other comprehensive income
Comprehensive income for the six months ended
September 30
Comprehensive income attributable to:
Owners of parent
Minority interests

6

Six months ended
September 30, 2015

94,72392,343853
11,431206(1,557)(2,688)(8,404)(1,212)
1,218

10,933
105,656(11,086)
81,257104,946710

81,260(3)

(3) Consolidated Quarterly Statement of Cash Flow
(Millions of Yen)
Six months ended
September 30, 2014
Net cash provided by (used in) operating activities
Income before income taxes and minority interests
Depreciation and amortization
Increase (decrease) in allowance for doubtful
accounts
Increase (decrease) in liability related to retirement
benefits
Interest and dividend income
Equity method (income) loss
Decrease (increase) in notes and accounts
receivable – trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable– tradeOther, net
SubtotalInterest and dividend income received
Income taxes paid
Other, net
Net cash provided by (used in) operating activities
Net cash provided by (used in) investing activities
Purchase of property, plant and equipment
Other, net
Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities
Purchase of treasury stock
Cash dividends paid
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Net increase in cash and cash equivalents due to newconsolidation
Cash and cash equivalents at end of period

7

Six months ended
September 30, 2015

145,002
10,312
186

136,829
10,248
(513)

1,169

2,085

(1,584)(4,323)(40,713)(2,071)(6,030)29,429(9,333)
3,671(2,791)(14,632)

4,810
109,197

1,626
154,180

4,261(35,869)
659
78,248

8,253(82,472)533
80,494(11,430)
41(11,389)(27,913)(3,441)(31,354)(162)(18,260)(174)(18,596)
8,090

(260)
(96,108)(616)(96,984)(7,738)56,353
823,669
470(55,582)
991,236–

880,492

935,654

3. Other Information(1) Changes in Significant Subsidiaries during the Six Months ended
None
September 30, 2015 :(changes in specific subsidiaries requiring changes in scope of
consolidation):(2) Application of the Accounting Method Specific to Quarterly
Consolidated Financial Statements :(3) Changes in Accounting Principles, Changes in Accounting Estimates,
and Revisions/Restatements :Changes in accounting principles(Application of Accounting Standard for Business Combinations
and other standards)
FANUC CORPORATION has adopted the “Accounting Standard forBusiness Combinations” (ASBJ Statement No. 21, September 13,
2013, hereinafter the “Business Combinations Standard”), the“Accounting Standard for Consolidated Financial Statements”(ASBJ Statement No. 22, September 13, 2013, hereinafter the“Consolidated Financial Statements Standard”), the “AccountingStandard for Business Divestitures” (ASBJ Statement No. 7,
September 13, 2013, hereinafter the “Business Divestitures
Standard”) and others effective from the first quarter of theconsolidated fiscal year. Accordingly, the Company’s accounting
policies have been changed: the difference arising from a change in
the Company’s ownership interest in a subsidiary over which theCompany continues to have control are being recorded as capitalsurplus, and acquisition costs are being expensed in the
consolidated fiscal year in which they are incurred. In addition, forbusiness combinations to be performed at and after the beginningof the first quarter of the consolidated fiscal year, the method has
been changed to reflect adjustments to the provisional amountarising from the finalization of the tentative accounting treatment
relating to the purchase price allocation in the consolidated financial
statements for the quarter to which the date of businesscombination belongs.
In addition, the expression for quarterly net income, etc. has beenchanged, and “minority interests” has been changed to“non-controlling interests.” In order to reflect these changes, theconsolidated financial statements for the six-month period of theprevious fiscal year, as well as the full-year period of the previous
fiscal year have been reclassified.
The Business Combinations Standard and others were adopted inaccordance with transitional treatments stipulated in Paragraph58-2 (4) of the Business Combinations Standard, Paragraph 44-5
(4) of the Consolidated Financial Statements Standard andParagraph 57-4 (4) of the Business Divestitures Standard, and they
have been prospectively adopted from the beginning of the firstquarter of the consolidated fiscal year.
This change has no impact on the consolidated financial

8

None

statements of the second quarter of the current fiscal year.
(4) Note on Premise of a Going Concern:

None(5) Note on the Substantial Change in the Shareholders’ Equity:
Based on a resolution approved at a meeting of the Board of
Directors held on May 29, 2015, the Company cancelled
33,566,102 shares of treasury stock on June 10, 2015. As a result,capital surplus decreased by ¥71 million, retained earnings
decreased by ¥239,400 million, and treasury stock decreased by¥239,471 million, for the six months ended September 30, 2015.

9

Supplement to Consolidated Financial Results
1. Consolidated Results (April～September, 2015)
1) Net income
91.9 billion yen (3% down from the same period of last year)2) Net sales

350.0 billion yen (2% up from the same period of last year)3) Operating income 127.3 billion yen (8% down from the same period of last year)
Ordinary income
136.8 billion yen (6% down from the same period of last year)
Ordinary income to net sales ratio 39.1%
4) Sales by Group
FA
96.7 billion yen (10% down from the same period of last year)
Robot
92.4 billion yen (24% up from the same period of last year)
Robomachine
119.6 billion yen (4% down from the same period of last year)
Service41.3 billion yen (13% up from the same period of last year)5) Orders

313.3 billion yen (12% down from the same period of last year)

2. Consolidated Results Forecast for the Year ending March 31, 2016
(April 1, 2015 ～ March 31, 2016)
Net sales
630.9 billion yen (14% down from the same period of last year)
Operating income 218.4 billion yen (27% down from the same period of last year)
Ordinary income
236.3 billion yen (24% down from the same period of last year)
Net income
162.5 billion yen (22% down from the same period of last year)
3. Quarterly Changes of Consolidated Financial Results (Billions of yen)

250.0
203.4

200.0

183.6

179.5

Net sales

197.4

152.6
Ordinary income

150.0
100.0
50.0

75.4

89.1

77.9
49.2

55.1

58.1

Net income

78.7
50.8

58.1
41.1

July-September October-December January-March April-June July-September
2014
2014
2015
2015
2015
※ “Net income” in this Supplement means “Net income attributable to shareholders of parent
company.”