(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, 2020
April 24, 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 the Annual Meeting of Shareholders: June 26, 2020
Scheduled date of commencing of dividend payments: June 29, 2020
Scheduled date of filing the Securities Report: June 30, 2020
Availability of supplementary briefing material on annual financial results: Available
Schedule of annual financial results briefing session: Scheduled
1. Consolidated Financial Results for the Year Ended March 31, 2020 (April 1, 2019 – March 31, 2020)(1) Consolidated Results of Operations(% represents changes from the previous term.)
Net income
Net sales
Operating income
Ordinary income
attributable to ownersof parent
YoYchange%Millions of yen

FY2019508,252

Millions of yen

YoYchange%Millions of yen

88,350(45.9)

102,816(20.0)

YoY
change%YoYchange%Millions of yen(44.0)

73,371(52.4)FY2018635,568(12.5)
163,297(28.9)
183,459(26.5)
154,163(15.3)
Note: Consolidated comprehensive income: FY2019: ¥ 57,377 million (61.6)% FY2018: ¥149,357 million(21.1)%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

%

%

%

FY2019381.89—5.3
6.6
FY2018795.34—
10.6
10.9(Reference) Equity in earnings of affiliates: FY2019: ¥8,752 million
FY2018: ¥14,243 million

17.4
25.7

(2) Consolidated Financial Position
Total assets

Net assets

Equity ratio

Net assets
per share

Millions of yen

Millions of yen%

Yen

FY20191,512,499
FY2018
1,625,340(Reference) Equity: FY2019: ¥1,355,100 million

1,362,865
89.6
1,445,146
88.5
FY2018: ¥1,437,775 million

7,064.22
7,417.70(3) Consolidated Cash Flow Position

FY2019FY2018Cash flows fromoperating activities

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash
equivalents at end of
periodMillions of yen

Millions of yen

Millions of yen

Millions of yen

144,872
177,738(84,319)(123,343)(140,726)(172,868)

515,008
607,714

2. Dividends
Total
amount ofdividends(full year)

Payoutratio(consoli
dated)

Millions of yen%

Dividends per share(Cut-off date)

1st
Quarter

2nd
Quarter

3rd
Quarter

Yen

Yen

Yen

Year-end
Dividends Full year
Yen

Yen

Dividends-tonet assets
Ratio(consolidated)%

FY2018598.19404.92 1,003.11
194,435
126.1
13.4
―
―
FY2019125.35174.65300.0057,55878.6
4.1――
FY2020――――――(forecast)
Note: The 2nd quarter-end dividends for the year ending March 31, 2019 consist of ordinary dividends of ¥252.87
and special dividends of ¥345.32.
Note: The year-end dividends for the year ending March 31, 2019 consist of ordinary dividends of ¥224.34 andspecial dividends of ¥180.58.
Note: The year-end dividends for the year ending 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 second quarter of the Year Ending March 31, 2021(April 1, 2020 –September 30, 2020)(% for the 2Q cumulative period represents changes from the same period of the previous fiscal year.)
Net income
Net income
Net sales
Operating income
Ordinary income
attributable toper shareowners of parent
Millions of yen

YoYchange%197,900(24.2)

2nd Quarter(Cumulative)

Millions of yen

YoYchange%18,900 (61.4)

Millions of yen

YoYchange%23,100 (59.5)

Millions of yen

YoYchange%Yen

16,400 (59.2)

85.49

Note: The forecast for the consolidated financial results for the second quarter (cumulative) of the year ending
March 31, 2021, takes the impacts of the coronavirus (COVID-19) into consideration, based on information that iscurrently available, and therefore is susceptible to significant change.
The consolidated financial results for the year ending March 31, 2021 is not reported, as it is not feasible atpresent, to rationally estimate how far the coronavirus (COVID-19) infection will further spread and this crisis will
be overcome. The results will be announced as soon as disclosure is possible.
*Notes(1) Changes in Significant Subsidiaries during the year ended March 31, 2020(changes in specific subsidiaries that caused change in scope of consolidation) :No(2) Changes in Accounting Principles and Accounting Estimates, and Revisions/Restatements
1. Changes associated with changes in accounting standards: Yes

2. Changes in accounting principles other than 1: No

3. Changes in accounting estimates: No

4. Revisions/restatements: No(3) Number of shares outstanding (Common shares)
1. Number of shares outstanding at the end of the period (including treasury stocks)
204,031,841
March 31, 2020
March 31, 2019
shares
2. Number of treasury stocks
March 31, 2020

12,205,848
sharesMarch 31, 2019

204,040,771
shares
10,210,522
shares3. Average number of shares during the period
192,123,630
Year ended
sharesMarch 31, 2020

Year ended
March 31, 2019

193,834,048
shares(Reference) Summary of Non-Consolidated Financial Results

1. Non-Consolidated Financial Results for the Year Ended March 31, 2020 (April 1, 2019 – March 31, 2020)(1) Non-Consolidated Results of Operations(% represents changes from the previous term.)
Net sales
Operating income
Ordinary income
Net income

FY2019FY2018FY2019FY2018Millions of yen

YoYchange%Millions of yen

YoYchange%Millions of yen

YoYchange%352,407
470,644(25.1)(17.9)

37,992
105,852(64.1)(39.5)

67,586
147,956(54.3)(24.6)Net income
per share

Net income
per share(diluted)

Yen

Yen

284.69703.31Millions of yen

YoYchange%54,697 (59.9)
136,326(7.7)——(2) Non-Consolidated Financial Position
Total assets

Net assets

Equity ratio

Net assets
per share

Millions of yen

Millions of yen%

Yen

FY20191,177,585
1,084,633
92.1
FY20181,292,323
1,173,464
90.8(Reference) Equity: FY2019: ¥1,084,633 million
FY2018: ¥1,173,464 million

5,654.25
6,054.08＊ The report of the annual 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. For the details of the financial forecasts, please refer
to “Future Outlook” on page 4 of the Accompanying Documents. 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．Overview of Results of Operations and Financial Position

2(1)

Overview of Results of Operations

2(2)

Overview of Financial Position

4(3)

Overview of Cash Flows

4(4)

Future Outlook

4(5)

Basic Policy on Return of Profit to Shareholders andDividends for the Period ended March 31, 2020

２．Management Policy

5

7

(1)

Basic Management Policy

7(2)

Challenges

7

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

17

(5)

Notes to Consolidated Financial Statements

18（Note on premise of a going concern）

18（Changes in Accounting Principles）

18（Changes in presentation methods）

18（Segment information, etc.）

18（Per share data）

19（Significant subsequent events）

20

1

1. Overview of Results of Operations and Financial Position(1) Overview of Results of Operations

The overall business environment surrounding the FANUC Group during this period (from April 1,
2019 to March 31, 2020) was harsh, due primarily to the cautious approach to capital investment
mainly in the Chinese market, stemming from the impact of the trade friction between the UnitedStates and China. In addition, as the impact of the coronavirus (COVID-19) became more severe
towards the end of the period, the business environment became very difficult and unforeseeable.
Even under these circumstances, in order to continue management from a medium to long-term
perspective, the FANUC Group promoted major initiatives consisting mainly of advancing productdevelopment featuring superior reliability and maintainability, establishing a manufacturing scheme
to achieve high quality and short delivery time, and strengthening the service system that supports
our customers' manufacturing activities, by uniting as one group under the slogans; “one FANUC”,“Reliable, Predictable, Easy to Repair” and “Service First.”
At the same time, to deal with the current strenuous market conditions, we have steadily fortified
our corporate structure by reducing expenses and time, and streamlining business operations
throughout the Company, as well as reviewing plans for equipment and facility investments
according to priority.
During the fiscal year ended March 31, 2020, FANUC posted consolidated net sales totaling¥508,252 million, down 20.0%, consolidated ordinary income totaling ¥102,816 million, down 44.0%,
and consolidated net income totaling ¥73,371 million, down 52.4%, compared with the previous
fiscal year.
(Note): “Net income” in “Overview of Results of Operations and Financial Position” means“Net income attributable to owners of parent” in the Consolidated Statements of Income.

During this period, “FANUC Robot R-2000iD/210FH,” a product with cables integrated into its arm
and featuring a good balance between design and function, won “Nikkan Kogyo Shimbun Best 10
New Product Awards 2019/Main Award” and the “Nikkei Business Daily Awards for Excellence/2019
Nikkei Superior Products and Services Awards.” We also won a METI Minister's Award for Excellent
Corporation Utilizing the Intellectual Property Rights System (open innovation promoter) in the"Intellectual Property Achievement Awards" run by the Japan Patent Office, METI.

The following is a summary of the results for each business division:[FA Division]
Demand in the machine tool industry, the primary market for FANUC CNC systems, declined in
the Chinese market due mainly to the impact of the trade friction between the United States and2

China, and demand for machines also dropped in Taiwan, which is heavily dependent on the
Chinese market. In the face of the restraining of capital investments, demand declined in Japan andEurope as well. Sales in South Korea, as well as India which had performed solid in the previous
period, remained sluggish due mainly to weak domestic demand. Across the world,
automobile-related investment, which greatly impacts demand for machines, was stagnant. As aresult, net sales of CNC systems of the FANUC Group decreased compared with the previous fiscal
year.
With regard to our lasers, although we continued focusing efforts on expanding sales,
competition with overseas manufacturers has been intensifying.
The FA Division posted consolidated sales totaling ¥143,247 million, down 32.1% compared withthe previous fiscal year, and FA Division sales accounted for 28.3% of consolidated net sales.

[ROBOT Division]
In the Robot Division, sales in the Americas were solid. In Japan, sales slightly increased for the
automobile industry and slightly decreased for the general industries. Sales in China and Europe
both for the automobile industry and for the general industries were sluggish. As a result, sales in the
Robot Division as a whole decreased compared with the previous fiscal year.
The ROBOT Division posted consolidated sales totaling ¥202,491 million, down 6.9% comparedwith the previous fiscal year. ROBOT Division sales accounted for 39.8% of consolidated net sales.

[ROBOMACHINE Division]
As there was almost no short-term demand in the IT-related industry for the ROBODRILLs(compact machining centers), we focused on expanding sales in the market for automobile parts.
However, as the automobile-related market slowed down in the latter half of the period, sales
decreased. In addition, sales of the ROBOSHOTs (electric injection molding machines) slightly
decreased, although we made persistent efforts to expand sales mainly to automobile parts,
IT-related, and medical markets. With regard to the ROBOCUTs (wire-cut electric dischargemachines), sales also declined, mainly in the Chinese market.
The ROBOMACHINE Division posted consolidated sales totaling ¥74,912 million, down 34.9%
compared with the previous fiscal year. ROBOMACHINE Division sales accounted for 14.7% ofconsolidated net sales.

[Service Division]
The Service Division, under our slogan “Service First,” reinforced our service system, increased
efficiency through proactive introduction of IT technology, enhanced our service technology andimproved our service tools. With maintaining a network of service centers counting 260 and morecovering 108 countries around the world we are providing rapid maintenance service activities to3minimize downtime in our customers’ factories.
The Service Division posted consolidated sales totaling ¥87,602 million, down 4.7% comparedwith the previous fiscal year. Service Division sales accounted for 17.2% of consolidated net sales.

(2) Overview of Financial Position
Total assets were ¥1,512,499 million, down ¥112,841 million compared with the end of theprevious fiscal year.
Total liabilities were ¥149,634 million, down ¥30,560 million compared with the end of theprevious fiscal year.
Total net assets were ¥1,362,865 million, down ¥82,281 million compared with the end of theprevious fiscal year.
We cancelled our treasury shares exceeding the 5% of the total number of issued shares (8,930
shares, ¥88 million) on May 31, 2019 based on the shareholder return policy stated on page 6.
(There was no effect on the amount of total net assets.)(3) Overview of Cash Flows
Cash and cash equivalents (hereinafter “Cash”) for this fiscal year amounted to ¥515,008 million,
down ¥92,706 million from the end of the previous fiscal year.

(Cash flows from operating activities)
Cash provided by operating activities during this period amounted to ¥144,872 million, down ¥32,
866 million from the previous fiscal year. This was mainly due to the decrease in income before
income taxes.

(Cash flows from investing activities)
Cash used in investing activities during this period amounted to ¥84,319 million, down ¥39,024
million from the previous fiscal year. This was mainly because expenditure for the purchase ofproperty, plant and equipment decreased.

(Cash flows from financing activities)
Cash used in financing activities during this period amounted to ¥140,726 million, down ¥32,142
million from the previous fiscal year. This was mainly due to the decrease in dividends paid.

(4) Future Outlook
Since it is difficult to rationally estimate how far the coronavirus (COVID-19) will further spread
and when this crisis will be overcome, along with continuously having no expectations for a repetition4

of the short-term demand from the IT-related industry and other uncertain factors, including changes
in tariff policies of countries and foreign exchange fluctuation which reflect trade frictions, it ispresumed that the situation will remain disturbing and unpredictable in general.
The forecast for the consolidated financial results for the second quarter (cumulative) of the year
ending March 31, 2021, takes the impacts of the coronavirus (COVID-19) into consideration, basedon information that is currently available, and therefore is subject to significant change.

Financial forecast for the second quarter (cumulative) of the year ending March 31, 2021
AmountComparison with
(Millions of yen)Previous year (%)
Net sales

197,900(24.2)

Operating income

18,900(61.4)

Ordinary income

23,100(59.5)Net income

16,400(59.2)

Note: The currency rate applied to the period from April 1, 2020 to September 30, 2020 is averaged
at 100 yen/US dollar and 115 yen/Euro.

(5) Basic Policy on Return of Profit to Shareholders and Dividends for the Period ended March
31, 2020
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.

We have paid dividends based on the above shareholder return policy.
In addition, the Board of Directors resolved at meetings held on April 24, July 29, October 28,
52019, and January 29, 2020, to acquire treasury shares in amounts up to ¥50.0 billion, but
given the extreme volatility of the stock market as a result of factors including trade friction
between the United States and China and the new coronavirus pandemic, the amounts oftreasury shares acquired did not reach the approved upper limits.
In addition to a dividend corresponding to a consolidated payout ratio of 60%, the proposed
year-end dividend includes a special dividend, provided primarily from the difference between
the upper limit amounts approved by the Board of Directors and the amounts of treasury sharesactually acquired.

Dividends for this period are scheduled as follows:
Second half(forecast)First half

Current period (fiscal year
ended March 31, 2020)(Reference)Previous period (fiscal year
ended March 31, 2019)

Yen
125.35Full year(forecast)Yen
174.65Yen
300.00(Ordinary dividend: 103.79)(Ordinary dividend: 229.14)(Special dividend: 70.86)(Special dividend: 70.86)

Yen
598.19Yen
404.92

Yen
1,003.11(Ordinary dividend: 252.87)(Ordinary dividend: 224.34)(Ordinary dividend: 477.21)(Special dividend: 345.32)(Special dividend: 180.58)(Special dividend: 525.90)

6Payout ratio

78.6%

126.1%

2. Management Policy(1) Basic Management Policy
FANUC was the first to succeed in the development of NCs and servomechanism in Japan, inthe private sector, and ever since this success in 1956, has consistently pursued factory automation.
With its three pillars consisting of the FA business, which comprises FANUC’s basic technologiesof NCs and servos, the ROBOT and ROBOMACHINE businesses, which apply these basic
technologies, along with the business for “FIELD system” which is FANUC’s open platform andflagship IoT product, FANUC contributes to the development of the manufacturing industry in Japanand overseas by promoting automation and efficiency in manufacturing.

(2) Challenges
Mainly due to the impact of the global spread of the coronavirus (COVID-19), uncertainty is
growing in the global economy, and we must continue to keep alert.
The FANUC Group places highest priority on preventing customers, partners, employees andtheir families from being infected by the coronavirus and also on preventing the spread. At the sametime, we will maintain delivery of products and service activities for our customers.

Meanwhile, under these difficult circumstances, we will continue management from a medium tolong-term perspective, focusing on the Company's future.
Guided by the slogan of “one FANUC,” the FA, ROBOT, and ROBOMACHINE divisions of the
FANUC Group will unite to provide total solutions, and combine our efforts as a Group to provide
products and services to customers throughout the world.
Since FANUC products are production goods, we will be thorough in applying our slogan,“Reliable, Predictable, Easy to Repair” in product development, to minimize downtime in ourcustomers’ factories and improve their operating rates. Also, as a supplier of production goods, wewill fulfill our responsibilities to our customers by building secure and reliable production system.
Furthermore, we will practice our basic policy of “Service First” in providing FANUC’s global
standard of high-level services anywhere in the world, and “lifetime maintenance” for as long as ourcustomers use our products.
The FANUC Group believes that IoT and AI are indispensable technologies for continuing todevelop and launch highly competitive products in the market. By actively adopting thesetechnologies in FA, ROBOT, and ROBOMACHINE products, we will further increase customers’
manufacturing efficiency.

Although the current market conditions surrounding our Company are harsh, the FANUC Groupwill implement initiatives from a long-term perspective, to make our corporate structure even7

stronger by increasing product competitiveness, enhancing sales and support activities, as well as
promoting automation and robotization of factories. In parallel, efforts will be made to reduce
expenses and time, and streamline operations throughout the Company, as well as review
equipment and facility investment plans according to priority.

The FANUC Group shall be thorough in pursuing “Strict Preciseness” and “Transparency,” which
are FANUC’s basic principles, and unite as one to promote these measures. In this manner, we shallendeavor to gain more customer confidence and trust in the FANUC Group while adapting todramatic changes in the environment, in our efforts to continue to grow 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 Sheets(Millions of yen)March 31, 2019

March 31, 2020

607,155
106,204
15,00071,042
55,17429,93024,302(1,123)405,861
85,266
126,700
65,122
51,97925,45010,833(831)

907,684

770,380

Buildings

301,179

310,060

Machinery and equipment
Land

55,823
145,885
56,715
14,97460,216
146,085
65,45815,317574,576

597,136

9,603

10,21986,67436,552
6,737
3,970
(456)

83,33733,912
13,9684,003(456)

133,477

134,764

717,656

742,119

1,625,340

1,512,499

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

Construction in progress
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Deferred income taxes
Net defined benefit asset
OthersAllowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets

9

(Millions of yen)March 31, 2019

March 31, 2020

36,567
15,007
8,215
75,27826,974
9,270
8,306
56,413135,067

100,963

42,0973,030

44,652
4,019

45,127

48,671

180,194

149,634

69,01496,26569,01496,265

1,380,439(91,040)

1,351,122(127,822)

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

1,454,678

1,388,579

9,111

5,058

(6,677)(19,337)(26,608)(11,929)(16,903)(33,479)

7,371

7,765

Total net assets

1,445,146

1,362,865

1,625,340

1,512,499

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(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income(Millions of yen)
Years ended March 31
Net sales
Cost of goods sold
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Equity in earnings of affiliates
Miscellaneous income
Total non-operating income
Non-operating expenses
Removal expenses of noncurrent
assetsLoss on valuation of investment
securities
Donations
Miscellaneous expenses
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on transfer of benefit obligation
relating to employees' pension fundTotal extraordinary income
Extraordinary losses
Impairment loss
Total extraordinary losses
Income before income taxes
Income taxes-current
Income taxes-deferred
Total taxes and others
Net income
Net income attributable to non-controllinginterests
Net income attributable to owners of parent

2019635,568
369,761
265,807
102,510
163,2972020
508,252
326,095
182,157
93,80788,3504,195
1,510
14,243
4,222
24,170

3,861
1,444
8,752
2,733
16,790

1,955

971

47

454

292
1,714
4,008
183,459

300
599
2,324
102,816

25,081－

25,081－－

208,540
48,977
4,794
53,771
154,769

1,973
1,973
100,843
24,4501,776
26,226
74,617606

1,246

154,163

73,371－

11

Consolidated Statements of Comprehensive Income(Millions of yen)
Years ended March 31
Net income
Other comprehensive income
Valuation difference on
available-for-sale securities
Foreign currency translation
adjustment
Remeasurements of defined benefit
plans
Share of other comprehensive
income of affiliates accounted forusing equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributableto:Owners of parent
Non-controlling interests

12

2019

2020

154,769

74,617(3,979)(4,053)(1,946)(18,634)

4,780

7,408

(4,267)(1,961)(5,412)
149,357(17,240)
57,377

148,906451

56,796581

(3) Consolidated Statements of Changes in Net Assets
Year ended March 31, 2019 (April 1, 2018 - March 31, 2019)(Millions of yen)
Shareholders’ equity

Balance at March 31, 2018

Common stock

Capital surplus

69,01496,265Retainedearnings
1,398,977

Treasury stock,at costTotal
shareholders’equity(91,020)

1,473,236

Cumulative effects ofchanges in accounting
policies
Restated balance－
69,01496,265

1,398,977(91,020)

1,473,236

Changes during the year:
Dividends of surplus(173,665)(173,665)

Net income attributableto owners of parent

154,163

154,163

1,121

1,121

Changes by merger
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, 2019

6

(187)

(187)

4

10

(6)

(157)

163

－

－

－

(18,538)(20)(18,558)

69,01496,265

1,380,439(91,040)

1,454,678

13

Accumulated other comprehensive income
Valuation
Total accumulated
Foreign currency Remeasurements
difference onothertranslationof defined benefit
available-forcomprehensive
adjustment
plans
sale securities
incomeBalance at March 31, 201813,090(619)(24,117)(11,646)

Noncontrollinginterests

6,040

Cumulative effects ofchanges in accounting
policies
Restated balance

Total net assets

1,467,630－

13,090(619)(24,117)(11,646)6,040

1,467,630

Changes during the year:
Dividends of surplus(173,665)

Net income attributableto owners of parent

154,163

Changes by merger
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, 2019

1,121
(187)
10
－

(3,979)(6,058)4,780(5,257)1,331(3,926)(3,979)(6,058)4,780(5,257)

1,331(22,484)

9,111(6,677)(19,337)(16,903)

7,371

1,445,146

14

Year ended March 31, 2020 (April 1, 2019 - March 31, 2020)(Millions of yen)
Shareholders' equity

Balance at March 31, 2019

Common stock

Capital surplus

Retained earnings

Treasury stock, at
cost

Total
shareholders’equity69,01496,265

1,380,439(91,040)

1,454,678

Cumulative effects ofchanges in accounting
policies
Restated balance(63)
69,01496,265

1,380,376(63)(91,040)

1,454,615

Changes during the year:
Dividends of surplus(102,541)(102,541)

Net income attributableto owners of parent

73,37173,371－

Changes by merger
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, 2020

4

(36,875)(36,875)

5

9

(4)

(84)

88

－

－

－

(29,254)(36,782)(66,036)

69,01496,265

1,351,122(127,822)

1,388,579

15

Accumulated other comprehensive income
Valuation
Total accumulated
Foreign currency Remeasurements
difference onothertranslationof defined benefit
available-forcomprehensive
adjustment
plans
sale securities
incomeBalance at March 31, 2019

9,111

(6,677)(19,337)(16,903)

Noncontrollinginterests

7,371

Cumulative effects ofchanges in accounting
policies
Restated balance

Total net assets

1,445,146
(63)

9,111

(6,677)(19,337)(16,903)

7,371

1,445,083

Changes during the year:
Dividends of surplus(102,541)

Net income attributableto owners of parent
Changes by merger
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, 2020

73,371－(36,875)
9－(4,053)(19,931)

7,408(16,576)394(16,182)(4,053)(19,931)

7,408(16,576)394(82,218)

5,058(26,608)(11,929)(33,479)

7,765

1,362,865

16

(4) Consolidated Statements of Cash Flows(Millions of yen)

Years ended March 31
2019

2020

Income before income taxes
Depreciation and amortization
Impairment loss
Increase (decrease) in allowance for doubtful
accounts
Increase (decrease) in net defined benefit liability

208,540
39,709－100,843
45,913
1,973

(200)

(261)

(25,320)

2,762(Increase) decrease in net defined benefit asset
Interest and dividend income

Other(6,732)(5,705)(14,243)
67,500(6,249)(16,393)
3,855(7,456)(5,305)(8,752)
18,358
10,288(8,646)
14,118Subtotal

244,762

163,835

Interest and dividends received
Income taxes paid

13,662(79,985)(701)

11,965(29,655)(1,273)

177,738

144,872(60,142)
67,357(125,324)(5,234)(32,248)
28,672(75,429)(5,314)(123,343)(84,319)(183)(173,571)
886(36,870)(102,546)(1,310)Net cash used in financing activities
Effect of exchange rate changes on cash and cash
equivalents(172,868)(140,726)(580)(12,533)

Net increase (decrease) in cash and cash equivalents(119,053)(92,706)

Cash and cash equivalents at beginning of year
Increase in cash and cash equivalents resulting frommerger with unconsolidated subsidiaries

725,903607,714864－

Cash and cash equivalents at end of year

607,714515,008

Cash flows from operating activities

Equity in (earnings) losses of affiliates, net(Increase) decrease in receivables, trade(Increase) decrease in inventories
Increase (decrease) in payables, trade

Other
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

17

(5) Notes to Consolidated Financial Statements(Note on premise of a going concern)
Not applicable(Changes in Accounting Principles)(Adoption of IFRS 16 Leases)
Subsidiaries which adopt the International Financial Reporting Standards have adopted IFRS
16 Leases (hereinafter referred to as “IFRS 16”) since this fiscal year 2019. As a result, lessees
have recorded all leases, in principle, as assets and liabilities in the balance sheet.
The adoption of IFRS 16 is subject to transitional treatment, and the cumulative effect of thechange in the accounting policy was recorded in retained earnings at the beginning of this fiscal
year 2019.
The impact of the adoption of this accounting standard on the consolidated financial statements
is immaterial.
(Financial Accounting Standards Board Accounting Standards Codification 606 － Revenue
From Contracts With Customers)
Subsidiaries adopting the US-GAAP have started to apply Financial Accounting Standards
Board Accounting Standards Codification “Revenue from Contracts with Customers” (hereinafterreferred to as “ASC 606”) since this fiscal year 2019.
As a result of this change, revenue is recognized at the time the promised goods or services aretransferred to the customer, in an amount that reflects the consideration expected to be received
in exchange for the goods or services.
As a measure in applying this accounting standard, a method is adopted of recognizing the
cumulative effects of applying this standard, adjusting retained earnings at the beginning of thisfiscal year 2019.The impact of the adoption of this accounting standard on the consolidated
financial statement is immaterial.

(Changes in presentation methods)(Consolidated statement of income related)
In the previous consolidated fiscal year, “Loss on sales and retirement of noncurrent assets”
under “Non-operating expenses” was shown independently.
However, as its monetary significance has become negligible, starting from the current
consolidating fiscal year, it is shown after including in “Miscellaneous expenses” under“Non-operating expenses”.
Also, “Loss on valuation of investment securities” and “Donations” shown after including in“Miscellaneous expenses” under “Non-operating expenses” in the previous consolidated fiscal
year. However as its monetary significance has become substantial, starting from the current
consolidating fiscal year, it is shown independently.
For incorporating this revision of the presentation method, the consolidated financial
statements for the previous consolidated fiscal year have been reclassified.
As a result, “Loss on sales and retirement of noncurrent assets” of ¥1,059 million and“Miscellaneous expenses” of ¥994 million shown under “Non-operating expenses” have been
reclassified as “Loss on valuation of investment securities” of ¥47 million, “Donations” of ¥292
million and “Miscellaneous expenses” of ¥1,714 million.
(Segment information, etc.)
1. Segment information
Year ended March 31, 2019 (April 1, 2018 – March 31, 2019) andYear ended March 31, 2020 (April 1, 2019 – March 31, 2020)
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 of18

factory automation (FA) systems. Ultimately, FANUC CNC systems and the related application
products are used in automated production systems.
FANUC Group uses CNCs and servo motors in all of its products. For this reason, the decision is
made, taking into consideration the status of orders, sales and production of all products, inaddition 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, 2020 (April 1, 2019 – March 31, 2020)(1)

Information by product and serviceFA

Net sales tounaffiliatedcustomers
(2)

ROBOT

143,247

ROBOMACHINE

202,491

Service

74,91287,602(Millions of yen)Total
508,252

Information by region◎ Net sales

Japan
Americas
EuropeAsia
Other117,134
125,12199,157
162,941
3,899
Note: Net sales are broken down by country or region where customers are located.

(Millions of yen)Total
508,252◎ Property, plant and equipment, at cost
As the amount of the property, plant and equipment, at cost located in Japan constitute more than
90% of those stated in the consolidated balance sheets, the statement on the information about
them is omitted.
(Per share data)
Fiscal year 2018
Fiscal year 2019
(April 1, 2018 – March 31, 2019)(April 1, 2019 – March 31, 2020)
Net assets per share
7,417.70 yen Net assets per share
7,064.22 yen
Net income per share
795.34 yen Net income per share
381.89 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: Net income per share is calculated based on the following:
Fiscal year 2018

Fiscal year 2019

(April 1, 2018 – March 31, 2019)(April 1, 2019 – March 31, 2020)

154,163

73,371――

154,163

73,371

193,834

192,124

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)19

(Significant subsequent events)(The Cancellation of Treasury Shares)
At a meeting held on April 24, 2020, the Board of Directors of FANUC CORPORATION resolved
to cancel its treasury shares pursuant to the provision of Article 178 of the Company Act.
(1) Class of shares to be cancelled: Common shares(2) Number of shares to be cancelled: 2,109,744shares(1.03% of the shares outstanding before cancellation)(3) Date of cancellation: May 29, 2020

(4) The number of outstanding shares after cancellation

20: 201,922,097 shares