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

Consolidated Quarterly Financial Results(based on Japanese standards)
For the three months ended June 30, 2024
July 29, 2024
Company name: FANUC CORPORATION
Stock exchange listing: Tokyo Stock Exchange
Stock code:
6954
URL: https://www.fanuc.co.jp/eindex.html
Representative: (Title) President(Name) Kenji YamaguchiContact:(Title) Manager, Public Relations & Shareholders Relations Department(Name) Naoki Yukisada TEL: (0555)84－5555
Scheduled date of commencing dividend payments: Availability of supplementary briefing material on quarterly financial results: Yes
Quarterly financial results briefing session: Yes
1. Consolidated Financial Results for the Three Months Ended June 30, 2024 (April 1, 2024 – June 30, 2024)(1) Consolidated Results of Operations(% represents changes from the previous corresponding three-month period.)
Net income
Three months
attributableto owners
Net
sales
OperatingincomeOrdinary
incomeended June 30
of parent
Millions of yen%

Millions of yen

2024
195,100(3.3)
2023
201,771(4.6)
Note: Consolidated comprehensive income:Three months
ended June 30
2024
2023

Net income
per share
Yen

30.46
31.82

%

32,9581.1
32,594(34.5)
April-June 2024:
April-June 2023:

Millions of yen%

41,129(1.3)
41,675(30.0)¥69,336 million (3.7)%¥72,004 million (15.0)%

Millions of yen

28,80330,324%(5.0)(28.0)Net income
per share(diluted)Yen——(2) Consolidated Financial Position
Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen%

1,952,557
1,745,559
88.7
1,926,037
1,719,200
88.6(Reference) Equity: June 30, 2024: ¥1,731,752 million March 31, 2024: ¥1,705,556 million
June 30, 2024
March 31, 2024

2. Dividends
Dividends per share
1st Quarter

2nd Quarter

3rd Quarter

Fiscal year-end

Full year

Yen

Yen

Yen

Yen

Yen

FY2023
40.26
43.88
84.14
—
—
FY2024—FY2024————(forecast)
Note: We have not changed the forecasts of dividends from the latest ones.
Note: The 2nd quarter-end and year-end dividends for FY2024 will be disclosed promptly upon their availability.

3. Consolidated Financial Forecasts for FY 2024 (April 1, 2024 – March 31, 2025)(% for the 2Q cumulative period and the full year represents changes from the same quarter of the previous
fiscal year and changes from the previous fiscal year, respectively.)
Net income
Net income
Net sales
Operating income
Ordinary income
attributable toper shareowners of parent
Millions of yen%

1.8

64,1000.3

67.78

Full year
784,300 (1.4)
143,000 0.8
173,900 (4.3)
Note: We have changed the forecasts of financial results from the latest ones.

125,300(5.9)

132.50

2nd Quarter

Millions of yen%(Cumulative)

385,200(3.4)

Millions of yen%

Millions of yen

68,6003.1

87,700%*Notes(1) Significant changes in the scope of consolidation during the three months
ended June 30, 2024

Yen

: No

(2) Adoption of Simplified and Specifically Applied Accounting Method for Quarterly
Consolidated Financial Reporting:No(3) Changes in Accounting Principles and Accounting Estimates, and Revisions/Restatements
1.

Changes in accounting principles associated with changes inaccounting standards

:

No

2.

Changes in accounting principles other than 1:

No

3. Changes in accounting estimates:No

4. Revisions/Restatements: No(4) Number of shares outstanding (Common shares)
1.

Number of shares outstanding at the end of the period (including treasury stocks)
995,418,885
June 30, 2024
March 31, 2024
shares2.

Number of treasury stocks at the end of the period
49,771,760
June 30, 2024
sharesMarch 31, 2024

57,426,048
shares3.

Average number of shares during the period
945,647,359
April-June 2024
sharesApril-June 2023

952,918,966
shares1,003,073,989
shares＊ Review of the Japanese-language originals of the attached consolidated quarterly financial statements bycertified public accountants or an audit firm: None
＊ Notes on appropriate use of the financial forecasts, other notes.
Any forward looking statements such as financial forecasts described in this report are subject to uncertain
factors such as product supply and demand trends, industry competition, economic conditions, and others inmajor markets. Actual results may differ from these forecasts. For the details of the financial forecasts, pleasesee “Financial Results Forecasts” on page 3 of the Accompanying Documents. The forecasts of the 2nd
quarter-end and the year-end dividends for FY2024 will be disclosed promptly upon their availability.

Table of Contents of Accompanying Documents
1. Results of Operations and Financial Position

2(1)

Overview of Results of Operations

2(2)

Financial Position

2(3)

Financial Results Forecasts

3

2. Consolidated Quarterly Financial Statements(1)

Consolidated Quarterly Balance Sheet(2)

Consolidated Quarterly Statement of Income andConsolidated Quarterly Statement of Comprehensive Income
Consolidated Quarterly Statement of Comprehensive Income

78

Significant changes in the scope of consolidation during the three
8

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

(3)

6
6

months ended June 30, 2024(2)

4

Consolidated Quarterly Statement of Income

3. Other Information
(1)

4

8

Changes in Accounting Principles and Accounting Estimates, andRevisions/Restatements

8(4)Note on Premise of a Going Concern

8(5)Note on the Substantial Change in Shareholders’ Equity

8(6)

Note on Segment Information, etc.

8(7)Note on Statement of Cash Flows

8

1

1. Results of Operations and Financial Position(1) Overview of Results of Operations
Regarding the circumstances surrounding the FANUC Group during the first three-month period of the
fiscal year ending March 31, 2025 (from April 1 to June 30, 2024), although there were signs of recovery incapital investment demand, the situation remained unpredictable in general due to concerns about the foreignexchange fluctuations, geopolitical risks and other factors. In addition, although inventory adjustments, whichhave continued since the second half of FY 2022 (the fiscal year ended March 31, 2023), are returning to an
appropriate level, some adjustments are still continuing. Amidst these difficult conditions, the Company has
done every effort for sales expansion and cost reduction, etc., to minimize the impact on the financial results
through the concerted efforts of all departments, including sales divisions, R&D divisions, factories, service
divisions, and administrative departments.
During the three months from April to June 2024, FANUC posted consolidated net sales totaling ¥195,100
million, down 3.3%, consolidated ordinary income totaling ¥41,129 million, down 1.3%, and net income
attributable to owners of parent totaling ¥28,803 million, down 5.0%, compared with the corresponding periodof the previous fiscal year.
An overview of the results for each business division is as follows:
In the FA Division, demand from the machine tool industry, the primary market for CNC systems, showedsigns of recovery and strength in some markets, but in general, demand has been weak in each countryaround the world, including Japan, and sales of our CNC systems also declined. Net sales in the FA Division
amounted to ¥47,971 million, down 3.4% compared with the corresponding period of the previous fiscal year.
In the ROBOT Division, although demand was slightly sluggish in Europe and the Americas for generalindustries, sales increased due to strong demand in automobile-related industries resulting from a backlogof orders from the previous period. In Japan, the recovery trend continued in automobile-related industries,
resulting in increased sales. In China, however, sales decreased due to a slight drop in demand for EVrelated industries, which had previously been strong, as well as weak demand for infrastructure-relatedindustries and electronic industries. As a result, net sales in the ROBOT Division amounted to ¥84,142 million,
down 12.8% compared with the corresponding period of the previous fiscal year.
In the ROBOMACHINE Division, sales of ROBODRILLs (compact machining centers) have remained flat
due to continued weakness both in Japan and overseas markets. Sales of ROBOSHOTs (electric injection
molding machines) increased due to rising demand in China. Sales of ROBOCUTs (wire electrical-dischargemachines) decreased, due in part to the suspension of shipments of the ROBOCUTs with European
specifications caused by the possibility of being subject to tests which were non-compliant with EMC
harmonized standards. As a result, net sales in the ROBOMACHINE Division amounted to ¥29,164 million,
up 14.4% compared with the corresponding period of the previous fiscal year.
In the Service Division, with an emphasis on our policy of “Service First,” we are strengthening the service
system and improving efficiency by actively introducing IT technology. Net sales in the Service Division
amounted to ¥33,823 million, up 12.2% compared with the corresponding period of the previous fiscal year.
(2) Financial Position
Total assets were ¥1,952,557 million, up ¥26,520 million compared with the end of the previous fiscal
year.
Total liabilities were ¥206,998 million, up ¥161 million compared with the end of the previous fiscal year.
Total net assets were ¥1,745,559 million, up ¥26,359 million compared with the end of the previous fiscal
year.

2

(3) Financial Results Forecasts
As the financial results have been stronger than originally planned at the time of the previous
announcement, the Company changes the financial results forecasts for the first half of FY 2024 (the fiscal
year ending March 31, 2025) and the FY2024, as follows.
For the first half of the FY 2024 (April 1, 2024 through September 30, 2024)

Net sales(Millions of yen)Previous forecast(announced on
April 24, 2024)[A]
364,000

New forecast[B]

Comparison with
Previous forecast (%)[(B-A) / A]

385,200

5.8%

Operating income

61,00068,60012.5%

Ordinary income

76,40087,70014.8%

Net income
attributable to ownersof parent

53,80064,10019.1%

For the FY 2024 (April 1, 2024 through March 31, 2025)

Net sales(Millions of yen)Previous forecast(announced on
April 24, 2024)[A]
746,400

New forecast[B]

Comparison with
Previous forecast (%)[(B-A) / A]

784,300

5.1%

Operating income

121,000

143,000

18.2%

Ordinary income

149,400

173,900

16.4%

Net income
107,300
125,300
16.8%
attributable to ownersof parent
Note: The currency rate applied to the period from July 1, 2024 to March 31, 2025 is expected to average at
145 yen/US dollar and 155 yen/Euro.

3

2. Consolidated Quarterly Financial Statements(1) Consolidated Quarterly Balance Sheet(Millions of yen)March 31, 2024

AssetsCurrent assets
Cash and bank deposits

June 30, 2024

522,979

562,603

18,990136,931
16,100147,545

20,715
124,799
16,100147,71491,929123,072
20,206(1,487)89,589119,458
26,721(1,598)1,076,265

1,106,101

326,373
163,593
117,789

324,965
165,016
125,294

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

607,755

615,275

9,823

9,474

Investment securities
OthersAllowance for doubtful accounts

184,434
47,864(104)

174,570
47,245(108)

Total investments and other assets
Total noncurrent assets

232,194

221,707849,772

846,456

1,926,037

1,952,557

Notes receivables, trade
Accounts receivable, 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
Buildings, net
Land
Other, net

Total assets

4

(Millions of yen)March 31, 2024

June 30, 2024

Liabilities
Current liabilities
42,9385,490
10,021

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

43,383
7,349
10,51798,441

95,322

156,890

156,571

42,43742,812

7,510

7,615

49,94750,427

206,837

206,998

69,014
95,995
1,540,398(143,573)

69,014
95,995
1,508,568(124,438)

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

1,561,834

1,549,139

21,74020,513

127,754(5,772)

167,969(5,869)143,722

182,613

13,644

13,807

Total net assets

1,719,200

1,745,559

1,926,037

1,952,557

Total long-term liabilities
Total liabilities
Net assets
Shareholders’ equity
Common stock
Capital surplus
Retained earnings
Treasury stock, at cost

Total liabilities and net assets5(2) Consolidated Quarterly Statement of Income andConsolidated Quarterly Statement of Comprehensive Income
Consolidated Quarterly Statement of Income
1st quarter (cumulative)(Millions of yen)Three months ended
June 30, 2023
(cumulative)

Three months ended
June 30, 2024
(cumulative)

Net sales

201,771

195,100

Cost of goods sold

136,058

127,338

Gross profit

65,71367,762

Selling, general and administrative expenses

33,11934,804

Operating income

32,59432,958Non-operating income
Interest income
Dividends income
Equity in earnings of affiliates
Miscellaneous income

969
273
6,684
1,868

1,629
269
6,186
769

Total non-operating income

9,794

8,853

104
609

242
440

713

682

Ordinary income

41,675

41,129

Income before income taxes

41,675

41,129

Income taxes-current
Income taxes-deferred

11,749
(987)

9,275
2,074

Total taxes and others

10,762

11,349Net income

30,91329,780Net income attributable to non-controlling interests
Net income attributable to owners of parent

589

977

30,32428,803Non-operating expenses
Donations
Miscellaneous expenses
Total non-operating expenses

6

Consolidated Quarterly Statement of Comprehensive Income

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

Three months ended
June 30, 2023
(cumulative)
30,913(Millions of yen)Three months ended
June 30, 2024
(cumulative)
29,7802,291(1,227)35,955779

30,983
(97)

2,066

9,897

41,091

39,55672,004

69,33670,906
1,098

67,694
1,642

7

3. Other Information(1) Significant changes in the scope of consolidation during the three months ended June 30, 2024:
None(2) Adoption of Simplified and Specifically Applied Accounting Method for Quarterly
Consolidated Financial Reporting:None(3) Changes in Accounting Principles and Accounting Estimates, and Revisions/Restatements:
None(4) Note on Premise of a Going Concern:

None(5) Note on the Substantial Change in Shareholders’ Equity:
The Company cancelled 7,655,104 treasury stocks based on the resolution of the Board of Directors
meeting held on April 24, 2024. As a result, treasury stocks of the Company, including the decrease due tothe sale of odd-lot shares, decreased by ¥19,135 million during the three months ended June 30, 2024,
resulting in treasury stocks of ¥124,438 million as of June 30, 2024.
(6) Note on Segment Information, etc.:(Segment information)
Three months ended June 30, 2023 (April 1, 2023 – June 30, 2023) andThree months ended June 30, 2024 (April 1, 2024 – June 30, 2024)
FANUC Group, as a comprehensive supplier of factory automation (FA) systems, focuses on the single
business segment of the development, production, and sales of CNC systems and related application
products based on CNC system technologies, which are used in automated production systems.
In FANUC Group, its CNCs and servo motors are used to manufacture all of its products. For this reason,
the investment decision is made, taking into consideration the status of orders, sales and production of all
products, in addition to the status of particular products.
As mentioned above, FANUC Group makes investment decisions as a whole group and has one single
business segment. Thus, the segment information is not stated herein.
(7) Note on Statement of Cash Flows:
Quarterly consolidated statements of cash flows have not been prepared for the three months ended
June 30, 2024. Depreciation and amortization expenses (including amortization expenses related tointangible assets apart from goodwill) for the three months ended June 30, 2024 are as follows.
Three months ended June 30, 2023
(April 1, 2023 toJune 30, 2023)

Depreciation and amortization
expenses¥11,633 million

8

Three months ended June 30, 2024
(April 1, 2024 toJune 30, 2024)¥11,119 million