(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, 2019
April 24, 2019
Company name: FANUC CORPORATION
Stock exchange listing: Tokyo Stock Exchange
Stock code:
6954
URL: https://www.fanuc.co.jp
Representative: (Title) President(Name) Kenji YamaguchiContact:(Title) Manager, Public Relations (Name) Keisuke Fujii TEL: (0555)84－5555
Scheduled date for the Annual Meeting of Shareholders: June 27, 2019
Scheduled date for commencement of dividend payments: June 28, 2019
Scheduled date for submitting the Securities Report: June 28, 2019
Availability of supplementary briefing material on annual results: Yes
Schedule of annual results briefing session: Yes
1. Consolidated Financial Results for the Year Ended March 31, 2019 (April 1, 2018 – March 31, 2019)(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

Millions of yen

YoYchange%Millions of yen

YoYchange%YoYchange%Millions of yen

FY2018635,568(12.5)
163,297(28.9)
183,459(26.5)
154,163(15.3)FY2017
726,59635.3
229,604
49.9
249,52547.8
181,957
42.5
Note: Consolidated comprehensive income: FY2018:¥149,357 million (21.1)% FY2017:¥189,406 million 51.6%
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

%

%

%

FY2018795.34—10.6
10.9
FY2017938.66—
12.9
15.2(Reference) Equity in earnings of affiliates: FY2018: ¥14,243 million
FY2017: ¥16,307 million

25.7
31.6

(2) Consolidated Financial Position
Total assets

Net assets

Equity ratio

Net assets
per share

Millions of yen

Millions of yen%

Yen

FY2018
1,625,340
FY2017
1,728,227(Reference) Equity: FY2018: ¥1,437,775 million

1,445,146
88.5
1,467,630
84.6
FY2017: ¥1,461,590 million

7,417.70
7,540.24(3) Consolidated Cash Flow Position

FY2018FY2017

Cash 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

177,738
175,990(123,343)(130,257)(172,868)(93,097)

607,714725,903

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 Full year
Dividends
Yen

Yen

Dividends-tonet assets
Ratio(consolidated)%

FY2017265.45297.75563.20109,173
60.0
7.7
―
―
FY2018598.19404.92 1,003.11
194,435
126.1
13.4
―
―
FY2019――――――(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 forecasts of the 2nd quarter-end and year-end dividends for the year ending March 31, 2020, will be
disclosed promptly upon their availability.
3. Consolidated Financial Forecasts for the Year Ending March 31, 2020 (April 1, 2019 – March 31, 2020)(% 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
Millions of yen

YoYchange%2nd Quarter(Cumulative)

266,400(22.8)

41,300 (58.0)

44,800 (60.0)

31,200 (61.8)

160.97

Fiscal period

536,900(15.5)

75,700 (53.6)

84,700 (53.8)

62,300 (59.6)

321.42Millions of yen

YoYchange%Millions of yen

YoYchange%Millions of yen*Notes(1) Changes in Significant Subsidiaries during the year ended March 31, 2019(changes in specific subsidiaries that caused change in scope of consolidation) :YoYchange%Yen

No(2) 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(3) Number of shares outstanding (Common shares)
1. Number of shares outstanding at the end of the period (including treasury stocks)
204,040,771
March 31, 2019
March 31, 2018
shares
2. Number of treasury stocks
March 31, 201910,210,522
shares

3. Average number of shares during the period
193,834,048
Year ended
sharesMarch 31, 2019

204,059,017
sharesMarch 31, 201810,220,284
sharesYear ended
March 31, 2018

193,847,191
shares(Reference) Summary of Non-Consolidated Financial Results

1. Non-Consolidated Financial Results for the Year Ended March 31, 2019 (April 1, 2018 – March 31, 2019)(1) Non-Consolidated Results of Operations(% represents changes from the previous term.)
Net sales
Operating income
Ordinary income
Net income

FY2018FY2017FY2018FY2017

Millions of yen

YoYchange%Millions of yen

YoYchange%Millions of yen

YoYchange%Millions of yen

YoYchange%470,644572,963(17.9)
43.6

105,852
174,880(39.5)
62.0

147,956
196,196(24.6)
38.4

136,326
147,664

(7.7)
31.4

Net income
per share

Net income
per share(diluted)

Yen

Yen

703.31761.75——(2) Non-Consolidated Financial Position
Total assets

Net assets

Equity ratio

Net assets
per share

Millions of yen

Millions of yen%

Yen

FY20181,292,323
1,173,464
90.8
FY2017
1,397,384
1,215,001
86.9(Reference) Equity: FY2018: ¥1,173,464 million
FY2017: ¥1,215,001 million

6,054.08
6,268.10＊ The report of the annual financial results is not subject to auditing performed by certified public accountant oraudit firm.
＊ 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. The forecasts of the 2nd quarter-end and the year-end dividends for the year ending March 31,
2020, 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

5(5)Basic Policy on Return of Profit to Shareholders andDividends for the Period ended March 31, 2019

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

15

(5)

Notes to Consolidated Financial Statements

16（Note on premise of a going concern）

16（Changes in presentation methods）

16（Segment information, etc.）

16（Per share data）

17（Significant subsequent events）

171

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

In the business environment surrounding the FANUC Group during this period, althoughdemands were generally solid at the beginning of the period, we found ourselves in a very difficult
situation mainly in the latter half of the period, due primarily to the impact of the trade friction
between the United States and China, and the plunge in the short-term demand in the Chinese
IT-related industry, which was robust in the previous fiscal year.
Under these circumstances, the FANUC Group promoted initiatives that allow our customers tobuild and maintain a highly reliable, efficient, and innovative production system without anxiety
through our products and services, by uniting as one group under the slogans “one FANUC,”“Reliable” “Predictable” “Easy to Repair,” and “Service First.” Furthermore, we made efforts, as IoT
initiatives, to spread the FIELD system (FANUC Intelligent Edge Link and Drive system), an open
platform in which various companies can participate, with enhancement of functions and enrichmentof applications (including those made by partner companies), while proceeding with the applicationof AI technology to our products.

During the fiscal year ended March 31, 2019, FANUC posted consolidated net sales totaling¥635,568 million, down 12.5%, consolidated ordinary income totaling ¥183,459 million, down 26.5%,
and consolidated net income totaling ¥154,163 million, down 15.3%, compared with the previous
fiscal year. In addition, return to the welfare fund agency of ¥25,081 million has been recorded as
extraordinary income.
(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, “ZDT (Zero Down Time),” a practical IoT product which minimizes the
downtime at manufacturing sites to zero, won the METI Minister’s Award and the MIC Minister’sAward in the Eighth Robot Awards program. In addition, “FANUC ROBONANO α-NMiA,” anultra-precision machine which enables stable ultra-precision machining, won the “Nikkan Kogyo
Shimbun Best 10 New Product Awards 2018/Main Award” and the “Nikkei Business Daily Awards for
Excellence/2018 Nikkei Superior Products and Services Awards.”

The following is a summary of the results for each business division:2

[FA Division]
Demand in the machine tool industry, the primary market for FANUC CNC systems, remained at
a high level in Japan and Europe, and were also solid in India. However, demands in China andTaiwan declined sharply from the middle of the period due to the impact of the trade friction between
the United States and China, and sales in South Korea also remained sluggish due to a slowdown indomestic demand. As a result, net sales of CNC systems of the FANUC Group decreased comparedwith the previous fiscal year.
With regard to our lasers, we continued focusing efforts on expanding sales of fiber laser
oscillators both domestically and abroad.
The FA Division posted consolidated sales totaling ¥211,088 million, down 5.0% compared withthe previous fiscal year, and FA Division sales accounted for 33.2% of consolidated net sales.

[ROBOT Division]
In the Robot Division, although sales in Japan and Europe were solid, a trough in capital
investments remained in automobile industry of the Americas and sales in China were weak,
especially for the general industries. As a result, sales in the Robot Division decreased comparedwith the previous fiscal year.
The ROBOT Division posted consolidated sales totaling ¥217,526 million, down 4.5% comparedwith the previous fiscal year. ROBOT Division sales accounted for 34.2% of consolidated net sales.

[ROBOMACHINE Division]
The short-term demand in the Chinese IT-related industry for the ROBODRILLs (compact
machining centers), which was robust in the previous fiscal year, had plummeted, resulting in asignificant decline in sales. However, markets other than IT-related industry, such as automobile
parts, generally remained favorable, and in particular, sales increased in Japan, Europe and India. In
addition, sales of the ROBOSHOTs (electric injection molding machines) remained robust as in theprevious fiscal year, while sales of the ROBOCUTs (wire-cut electric discharge machines) slightly
decreased.
The ROBOMACHINE Division posted consolidated sales totaling ¥115,056 million, down 39.5%
compared with the previous fiscal year. ROBOMACHINE Division sales accounted for 18.1% ofconsolidated net sales.

[Service Division]
The Service Division, under our slogan “Service First,” reinforced our service system, enhanced3

our service technology, improved our service tools, and increased efficiency through proactive
introduction of IT technology. With maintaining a network of 263 service centers covering 108
countries around the world we are providing rapid maintenance service activities to minimize
downtime in our customers’ factories. (Note: The number of service centers and countries covered is
as of March 31, 2019).
The Service Division posted consolidated sales totaling ¥91,898 million, up 6.4% compared withthe previous fiscal year. Service Division sales accounted for 14.5% of consolidated net sales.

(2) Overview of Financial Position
Total assets were ¥1,625,340 million, down ¥102,887 million compared with the end of theprevious fiscal year.
Total liabilities were ¥180,194 million, down ¥80,403 million compared with the end of theprevious fiscal year.
Total net assets were ¥1,445,146 million, down ¥22,484 million compared with the end of theprevious fiscal year.
We cancelled our treasury shares exceeding the 5% of the total number of issued shares (18,246
shares, ¥163 million) on May 31, 2018 based on the shareholder return policy we announced on
April 27, 2015. (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 ¥607,714 million,
down ¥118,189 million from the end of the previous fiscal year.
(Cash flows from operating activities)
Cash provided by operating activities during this period amounted to ¥177,738 million, up ¥1,748
million from the previous fiscal year. This was mainly due to the decrease in sales receivables.
(Cash flows from investing activities)
Cash used in investing activities during this period amounted to ¥123,343 million, down ¥6,914
million from the previous fiscal year. This was mainly because proceeds from time deposit
repayments outweighed expenditure from time deposits, although expenditure for the purchase ofproperty, plant and equipment increased.
(Cash flows from financing activities)
Cash used in financing activities during this period amounted to ¥172,868 million, up ¥79,771
million from the previous fiscal year. This was mainly due to the increase in dividends paid.
4(4) Future Outlook

The conditions will likely continue where the short-term demand in the IT-related industry cannot
be expected. It is also anticipated that the situation will remain difficult and unpredictable in general,due to uncertain factors including the impact of the trade friction between countries and regions, tariff
policies of countries, and foreign exchange fluctuations.
The present forecast for consolidated financial results for the year ending March 31, 2020 is asfollows:
Financial forecast for the year ending March 31, 2020
Amount(Millions of yen)Comparison with
Previous year (%)

Net sales

536,900(15.5)

Operating income

75,700(53.6)

Ordinary income

84,700(53.8)Net income

62,300(59.6)

Note: The currency rate applied to the period from April 1, 2019 to March 31, 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, 2019
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We have carried out the distribution of profits to shareholders based on the policy (https://www.fanuc.co.jp/ja/ir/announce/pdf/notice20150427.pdf) announced on April 27, 2015.
For the year-end dividends of this fiscal year, we will pay the amount equivalent to about a half of theadditionally required distribution amount (*) to realize a Five-Year Average Total Return Ratio of the
maximum of 80% for the period of the last five years including this fiscal year as special dividends inplace of a share buyback, in addition to the ordinary dividends of 60% of our consolidated second
half net income.
* (The total amount of net income for each fiscal year from the fiscal year ended
March 31, 2015 to the fiscal year ended March 31, 2019) × 20% - (the total
amount of share buybacks and special dividends that were already carried out ineach relevant fiscal year.)

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

Current period (fiscal year
ended March 31, 2019)(Reference)Previous period (fiscal year
ended March 31, 2018)

Full year(forecast)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)

Yen
265.45Yen
297.75

Yen
563.20

6

Payout ratio

126.1%

60.0%

2. Management Policy(1) Basic Management Policy
FANUC was the first private company to succeed in the development of NC’s andservomechanism in Japan, and ever since this success in 1956, has consistently pursued
automation in factories.
With its three pillars consisting of the FA business, which comprises FANUC’s basic technologyof NC and servos, the ROBOT and ROBOMACHINE businesses which apply this basic technology,
FANUC contributes to the manufacturing industry in Japan and overseas by promoting automationand efficiency in manufacturing.

(2) Challenges
The FANUC Group, looking ahead to the future, will continue management that is based on along-term perspective and not affected by short-term events.

Based on this approach while guided by the slogan “one FANUC,” the FANUC Group will takemaximum advantage of our unique strength in uniting our FA, ROBOT, and ROBOMACHINE
divisions to jointly provide total solutions and please customers throughout the world.
In addition, the FANUC Group will adhere to its origins as a producer of equipment to be used at
manufacturing sites and will be thorough in implementing our slogan “Reliable” “Predictable” “Easy toRepair” in product development, to minimize downtime in our customers’ factories and improve theiroperation rates. At the same time, as a supplier of capital goods, we will fulfill our supplier
responsibility to customers by ensuring a production system that customers can rely on.
Furthermore, we will practice our basic policy of “Service First” in providing high-level services
pursuant to FANUC’s global standard anywhere in the world and “lifetime maintenance” for as longas our customers use our products.
The FANUC Group believes that IoT and AI are indispensable technologies for FANUC tocontinue developing and launching highly competitive products on the market. By proactively
adopting these technologies in all areas of the FA, ROBOT, and ROBOMACHINE products, we willfurther promote customers’ production efficiency.

Despite the severe business environment currently surrounding the FANUC Group, we will
pursue measures to strengthen our corporate structure from a long-term perspective, such as
reinforcing product competitiveness, strengthening sales and service activities, promoting the shift to7

automation and use of robots at factories, and enhancing administrative efficiency. We are making
efforts to multiply our production sites and service centers so that we can fulfill our supplier
responsibility to customers and maintain service activities in any circumstances.

United as one group in the promotion of these measures, the FANUC Group will continue toensure the practice of “Strict Preciseness and Transparency,” FANUC’s principle since its foundation,and make efforts to gain more customer confidence and trust in the FANUC Group while adapting todramatic changes in the environment in order 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 Sheets(Millions of yen)March 31, 2018

March 31, 2019602,329
175,460
145,000
71,68056,40522,03330,030(1,424)607,155
106,204
15,00071,042
55,17429,93024,302(1,123)

1,101,513

907,684

Buildings

230,204

301,179

Machinery and equipment
Land44,484143,036
54,654
13,49955,823
145,885
56,715
14,974

485,877

574,576

7,064

9,603

89,94640,87586,67436,552

－

6,737

3,323
(371)

3,970
(456)

133,773

133,477

626,714717,656

1,728,227

1,625,340

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, 2018

March 31, 2019

52,901
46,466
7,047
83,68636,567
15,007
8,215
75,278190,100

135,067

67,562
2,935

42,0973,030

70,49745,127

260,597

180,194

69,01496,26569,01496,265

1,398,977(91,020)

1,380,439(91,040)

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

1,473,236

1,454,678

13,090

9,111

(619)
(24,117)(6,677)(19,337)(11,646)(16,903)

6,040

7,371

Total net assets

1,467,630

1,445,146

1,728,227

1,625,340

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

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
Loss on sales and retirement of
noncurrent assets
Removal expenses of noncurrent
assetsForeign exchange losses
Miscellaneous expenses
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on transfer of benefit obligation
relating to employees' pension fundTotal extraordinary income
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

11(Millions of yen)
Years ended March 31

2018726,596398,398
328,198
98,594
229,604

2019
635,568
369,761
265,807
102,510
163,297

3,189
1,604
16,307
3,705
24,805

4,195
1,510
14,243
4,222
24,170

568

1,059

498

1,955

1,107
2,711
4,884
249,525

－

994
4,008
183,459－

25,081－

249,525
67,660(572)
67,088
182,437

25,081
208,540
48,977
4,794
53,771
154,769480

606

181,957

154,163

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

2018

2019

182,437

154,769

4,496(3,979)(1,765)(1,946)

2,411

4,780

1,827

(4,267)

6,969
189,406(5,412)
149,357

188,956450

148,906451

(3) Consolidated Statements of Changes in Net Assets
Year ended March 31, 2018 (April 1, 2017 - March 31, 2018)(Millions of yen)
Shareholders’ equity

Balance at March 31, 2017

Common stock

Capital surplus

69,01496,208Retainedearnings

Treasury stock,at costTotal
shareholders’equity(90,677)

1,381,799

1,307,254

Changes during the year:
Dividends of surplus(91,969)(91,969)

Net income attributableto owners of parent

181,957

181,957

473

473

Changes by merger
Purchase of treasury
stock
Disposal of treasury
stock
Retirement of treasury
stock
Changes due to tax ratechangeChange in equity fromtransactions with
non-controllingshareholders
Net change except
shareholders’ equity
during the year
Total changes during theyear
Balance at March 31, 2018

1
(1)

(97)

(442)

(442)

1

2

98

－

1,359

1,359

57

57

－

57

91,723(343)

91,43769,01496,265

1,398,977(91,020)

1,473,236

Accumulated other comprehensive income
Valuation
Total accumulated
Foreign currency Remeasurements
difference onothertranslationof defined benefit
available-forcomprehensive
adjustment
plans
sale securities
incomeBalance at March 31, 2017

8,594

(710)

(26,528)(18,644)

Noncontrollinginterests
6,302

Total net assets

1,369,457

Changes during the year:
Dividends of surplus(91,969)

Net income attributableto owners of parent

181,957

Changes by merger
Purchase of treasury
stock
Disposal of treasury
stock
Retirement of treasury
stock
Changes due to tax ratechangeChange in equity fromtransactions with
non-controllingshareholders
Net change except
shareholders’ equity
during the year
Total changes during theyear
Balance at March 31, 2018

473
(442)
2
－
1,359

57

4,496

91

2,411

6,998

(262)

6,736

4,496

91

2,411

6,998

(262)

98,17313,090(619)(24,117)(11,646)6,040

1,467,630

13

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

Retained earnings

Treasury stock, at
cost

Total
shareholders’equity69,01496,265

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 treasury
stock
Changes due to tax ratechangeChange in equity fromtransactions with
non-controllingshareholders
Net change except
shareholders’ equity
during the year
Total changes during theyear
Balance at March 31, 2019

6
(6)

(157)

(187)

(187)

4

10

163

－
－

－

－

－

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

69,01496,265

1,380,439(91,040)

1,454,678

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

Total net assets

1,467,630

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

Net income attributableto owners of parent
Changes by merger
Purchase of treasury
stock
Disposal of treasury
stock
Retirement of treasury
stock
Changes due to tax ratechangeChange in equity fromtransactions with
non-controllingshareholders
Net change except
shareholders’ equity
during the year
Total changes during theyear
Balance at March 31, 2019

154,163
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

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

Years ended March 31
2018

2019

249,525
34,190208,540
39,709462(200)

Increase (decrease) in payables, tradeOther(3,840)－(4,793)(16,307)(51,908)(31,527)
16,87518,369(25,320)(6,732)(5,705)(14,243)
67,500(6,249)(16,393)
3,855

Subtotal

211,046244,762

9,818

13,662(44,983)
109(79,985)(701)

175,990

177,738(21,426)－(103,016)(5,815)(60,142)
67,357(125,324)(5,234)(130,257)(123,343)(442)(92,003)
(652)

(183)
(173,571)
886(93,097)(172,868)(2,283)(580)

Cash flows from operating activities
Income before income taxes
Depreciation and amortization
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, net(Increase) decrease in receivables, trade(Increase) decrease in inventories

Interest and dividends received
Income taxes paid
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
Net cash used in financing activities
Effect of exchange rate changes on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents(49,647)(119,053)

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

774,761

725,903

789

864

Cash and cash equivalents at end of year

725,903607,71415

(5) Notes to Consolidated Financial Statements(Note on premise of a going concern)
Not applicable(Changes in presentation methods)(“Changes pursuant to the application of “Partial revision of ‘Accounting Standard for Tax EffectAccounting’”)“Partial revision of ‘Accounting Standard for Tax Effect Accounting’” (Corporate AccountingStandard No. 28 Februry 16, 2018) was applied from the starting of term of the current
consolidated fiscal year, and the deferred tax assets are shown in investments and otherassets, while the deferred tax liabilities are shown under long-term liabilities.
As a result, in the consolidated balance sheet of the previous consolidated fiscal year,“Deferred tax assets” of ¥26,483 million in “Current assets” are shown after including in“Deferred tax assets” of ¥40,875 million of “Investments and other assets”. “Deferred tax
liabilities” of ¥970 million included in “Others” under “Current liabilities” are shown after
including in ¥117 million in “Other long-term liabilities” under “Long-term liabilities”.
(Consolidated statement of income related)
In the previous consolidated fiscal year, “Real estate acquisition tax” and “Fire loss” under“Non-operating expenses” were shown independently.
However, as their monetary significance has become negligible, starting from the current
consolidating fiscal year, they are shown after including in “Miscellaneous expenses” under“Non-operating expenses”. For incorporating this revision of the presentation method, theconsolidated financial statements for the previous consolidated fiscal year have been
reclassified.
As a result”, “Real estate acquisition tax” of ¥806 million, “Fire loss” of ¥804 million, and“Miscellaneous expense” of ¥1,101 million shown under “Non-operating expenses” havebeen reclassified as “Miscellaneous expenses” of ¥ 2,711 million.
(Segment information, etc.)
1. Segment information
Year ended March 31, 2018 (April 1, 2017 – March 31, 2018) andYear ended March 31, 2019 (April 1, 2018 – March 31, 2019)
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 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, 2019 (April 1, 2018 – March 31, 2019)(1)

Information by product and serviceFA

Net sales tounaffiliatedcustomers

211,088

ROBOT

ROBOMACHINE

217,526

16

115,056

Service
91,898(Millions of yen)Total
635,568

(2)Information by region◎ Net sales

Japan
Americas
EuropeAsia
Other149,669
128,572
122,179
230,845
4,303
Note: Net sales are broken down by country or region where customers are located.

(Millions of yen)Total
635,568◎ 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 2017
Fiscal year 2018
(April 1, 2017 – March 31, 2018)(April 1, 2018 – March 31, 2019)
Net assets per share
7,540.24 yen Net assets per share
7,417.70 yen
Net income per share
938.66 yen Net income per share
795.34 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 2017

Fiscal year 2018

(April 1, 2017 – March 31, 2018)(April 1, 2018 – March 31, 2019)

181,957

154,163――

181,957

154,163

193,847

193,834

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)(Significant subsequent events)(Share Buyback)At a meeting held on April 24, 2019, the Board of Directors of FANUC CORPORATION authorized
the repurchase of its common shares pursuant to Article 156 of the Company Act as applied
pursuant to paragraph 3 of Article 165 of the Company Act, as described below.
1.

Purpose of share buyback:To maintain the flexibility and mobility of the company’s capital policy, in response to changes in
the management environment2.

Summary of share buyback:(1)
Class of shares to be
repurchased

Common shares
17

(2)
(3)
(4)
(5)

Total number of shares to be
repurchased
Aggregate amount of shares
to be repurchased
Method of share buyback
Buyback period

Up to 3 million shares（1.55% of outstanding shares*）
Up to 50 billion yen
Market purchase on the Tokyo Stock Exchange
April 25, 2019 – July 31, 2019
*Excluding treasury shares18