ロボット ロボマシン

ANNUAL REPORT 2015
Year ended March 31, 2015

FANUC’s Symbol “Keyaki” – Zelkova tree

CONTENTS
Financial Highlights (Consolidated)･････････････2
A Message from the President･････････････････3
Summary of FANUC Business･･････････････････4
Business Report･･･････････････････････････････5
History of FANUC･････････････････････････････8
Financial Section･･････････････････････････････9
Global Network･････････････････････････････ 32

1

Financial Highlights (Consolidated)Thousands of
U.S. dollars

Millions of yen

Years ended March 31

2013

2014

2015

2015

¥ 498,395¥ 450,976¥ 729,760$ 6,081,333

120,484

110,930

207,599

1,729,992

Total assets¥1,219,113¥1,343,904¥1,611,626$13,430,217

Net assets

1,094,129

1,199,863

1,386,695

11,555,792

For the year:
Net sales
Net income
At the year end:

Yen

U.S. dollars

Per share data:
Net income¥Cash dividends

615.59¥

184.68566.86¥ 1,061.02

170.06636.62

$

8.84
5.31

Note :	The U.S. dollar amounts shown above and elsewhere in this annual report are converted from yen, for convenience only, atthe rate of ¥120 = U.S. $1.00.

Net Sales

Net Income(Millions of yen)

Total Assets(Millions of yen)729,760(Millions of yen)

1,611,626
207,599
1,343,904
1,219,113

498,395
450,976
120,484

2013

2

2014

2015

2013

110,930

2014

2015

2013

2014

2015

FANUC CORPORATION ANNUAL REPORT 2015

A Message from the President

The three businesses of FA, ROBOT and ROBOMACHINE are unified with SERVICE as “one FANUC”, toprovide innovation and reassurance to manufacturing
sites around the world.

Reliable
Predictable
Easy to Repair

FANUC products are equipment that are used in customers’ manufacturing sites. Under the slogan, “Reliable,
Predictable, Easy to Repair”, FANUC strives to enhance
operability in manufacturing sites throughout the world.

Conforming to the spirit of “Service First”, FANUC provides lifetime maintenance to its products for as longas they are used by customers, through more than 240
service locations in 46 countries throughout the world.

The world economy improved during
this period with continuous recovery
and expansion in the Americas andcontinuous momentum of the economy towards an upturn in Europe. In
Asia, despite risks of a downturn in
China, the economy recovered mild-ly. The economy in Japan witnesseda mild upward trend as well.
In the markets surrounding the FANUC Group, an upsurge in capital investments in the machine tool industries in Japan and Asia, as well as in
the automotive industry in the Ameri-cas, propelled demands, and demands continued to be robust for asegment in the IT industry throughout the period.
Against such a background, the FANUC Group has strengthened its uni-

fied efforts to attain stability and prosperity in its businesses, as well as todeepen the trust from customers regarding our products and services.
As a result, for the fiscal year ended
March 31, 2015, FANUC posted con-solidated net sales totaling ¥729,760
million, up 61.8%, consolidated ordi-

nary income totaling ¥311,951 million, up 78.9%, and consolidated net
income totaling ¥207,599 million, up
87.1%, compared with the previous
fiscal year.
For the fiscal year ending March 31,
2016, due to factors including the ex-pected decline in short-term demands from a segment in the IT industry, which was robust in thecurrent fiscal year, the outlook is expected to be unclear.
In coping with such a situation, the
FANUC Group will reconfirm its origins
as a producer of equipment used in
manufacturing sites, and shall bethorough in implementing our slogan
of “Reliable / Predictable / Easy toRepair” in product development, inorder to minimize downtime in ourcustomers’ factories and improve operability.
Furthermore, we shall practice ourbasic philosophy of “Service First” inproviding (1) high-level services
based on FANUC’s global standard
throughout the world, and (2) “lifelong maintenance” for as long as ourcustomers use our products.
In addition, under the slogan of “OneFANUC”, we shall take maximum advantage of our unique strength inproviding integrated solutions from
our FA, Robot and ROBOMACHINE
divisions and our ability to respondto customer needs from around theworld through group-wide efforts.

By exerting group-wide efforts in promoting such actions, we shall venture
to deepen the sense of security andtrust of customers in the FANUC
Group to ensure the stability andgrowth of our core business, so that
we shall persevere as a company.
Thank you for your continued support and assistance to FANUC.

Yoshiharu Inaba
President & CEO

3

Summary of FANUC Business

FA Division
Main Products

Results for Fiscal 2014

●

CNC

●

Servo Motors

Consolidated sales was ¥252,585 million, up 13.4% compared with the previ-●

LASER Oscillators

ous fiscal year, accounting for 34.6% ofconsolidated net sales.

Refer to page 5 for details

Robot Division
Main Products

Results for Fiscal 2014

Collaborative Robot Consolidated sales was ¥181,988 million, up 23.9% compared with the previ● Super Heavyous fiscal year, accounting for 24.9% ofPayload Robot
consolidated net sales.
● Genkotsu-Robot●

Refer to page 6 for details

Robomachine Division
Main Products

Results for Fiscal 2014●

ROBODRILL

Consolidated sales was ¥295,187 mil-●

ROBOSHOT●ROBOCUT●ROBONANO

lion, up 262.3% compared with the previous fiscal year, accounting for 40.5% ofconsolidated net sales.

Refer to page 7 for details

4

FANUC CORPORATION ANNUAL REPORT 2015

Business Report

FA Business Division
The machine tool industry, the primary market for
FANUC CNC systems, experienced high demand
not only in Japan but also in Asian countries, namely, China. Demand increased steadily in Europe as
well.

In terms of development, FANUC’s global standard CNC, the “FANUC Series 0i-MODEL F”, wasreleased in packages optimized for functions of
the customers machines with additional selectible
software packages. The operability of the “FANUC
Series 30i-MODEL B” was also enhanced, with renewed
design and operability through the new user-friendly interface which supports processing functions
and enhances productivity.

Series30i -MODEL B

In the field of servo, new models were released
for large servo motors, synchronous built-in servo
motors, and spindle motors. With this, the lineup
of servo motors has been further expanded andenhanced to accommodate small to large size machines.
FANUC laser sales remained the same domesticallyand abroad.

αi series SERVO

New developments in laser included the additionof the CO2 laser, “FANUC Laser C3000i-C”, which is
optimized for cutting thin sheets without sacrificing
the high performance for cutting thick sheets.
In collaboration with Furukawa Electric Co., Ltd.,FANUC is also engaging in developing fiber laser
oscillators, which can rapidly cut thin metal sheets

while retaining low power consumption, and there
are high expectations for this area.

FIBER LASER

5

ROBOT Business Division
In overseas markets, the sales of robots continued
to increase in the American markets and remained
favorable in Europe. Sales were steady in Asianmarkets, mainly China, and also in Japan.
A key new development was the “Green Collaborative Robot CR-35iA”, which does not require a safety
fence and enables robots and human operators towork together. CR-35iA is the first collaborative robot in the world to lift up to 35kg, and it stops moving when it comes into contact with humans. Work
efficiency is improved through the joint operation ofhumans and robots for such tasks as moving heavy
objects or attaching components. The CR-35iA is expected to pave the way for a new era of automation.
Also, we have further reinforced the M-2000iA series,
the world’s largest vertical multi-joint type robot,
and developed a new robot by doubling the payload capacity. The standard arm type is capable oftransporting 2.3 tons of super-heavy work. The longarm type, with a vertical reach of 6.2 meters, caneasily lift heavy objects weighing 1.7 tons. Due tothese developments, the robotics market in thefield of handling super-heavy objects, such as transporting finished automotive bodies, is expected togrow.

CR-35i A

M－２０００i A

Furthermore, the multi-purpose intelligent “FANUC
Robot R-2000 iC series”, which is the culmination of
FANUC’s long years of experience and technology,
has expanded to include a new 165kg payload and
210kg payload type.
A cylinder detection tool has been developed forthe bin-picking robot to enable robotization forsuch tasks as placing cylindrical casting material
into a heating furnace.
With such new products and new technologies, therange of application for FANUC robots is anticipated to expand substantially.

6

R－２０００i C

FANUC CORPORATION ANNUAL REPORT 2015

ROBOMACHINE Business Division
The sales of ROBODRILL (small machining center)increased substantially due to robust short-term de-mands from a segment in the IT industry throughout the period. Sales in other industries within Japan and overseas increased steadily.
Introduction of a servo side door to the “FANUC

ROBODRILL α-DiA series” facilitated automation withrobots and reduced cycle time. Also, a center
through 7MPa coolant spindle was developed to
improve efficiency in drilling deep holes. The functions of the “FANUC ROBODRILL DDR/DDR-T”,
which are rotary tables for high-speed, high-precision cutting, were enhanced so that cutting can be
performed more speedily and heavier workpieces
can be handled. As a result, more customer needs
can be heeded to, and an increase in sales, mainly
in machining of automotive components and dies,is anticipated.

The sales of ROBOSHOT (electric injection molding
machine) increased steadily mainly in Japan and Asia.
New developments in FANUC ROBOSHOT included
the addition of a 130 tonnage and 220 tonnage clamp-

ROBODRILLROBOSHOTing force to the “FANUC ROBOSHOT α-SiA series”,
fortifying the product lineup. The combination of
two types of resins -“two components molding”has been achieved along with developments for facilitating robotization. With such progress, there
are high expectations for increase in sales.

The sales of ROBOCUT (wire-cut electric discharge machine) increased steadily mainly in Japan and Europe.
New developments included the introduction of athermal displacement compensation function for the“FANUC ROBOCUT α-CiA series”, which enables highprecision cutting in environments with extremely
volatile temperatures. By improving precision in
cutting thick metal sheets, cutting of resin molds
and large parts can be conducted more effectively.

ROBOCUT

7

History of FANUC
1956
1959
1972


1974

1975
1977

1978

1980
1982

1984

1985
1986


1987
1989
1992


1997
1999
2003

2009

2012
2013
2015

The first NC and SERVO systems in the Japanese private sector were developed successfully.
The first electro-hydraulic pulse motor was developed.
FANUC was established.
CNC was introduced.
NC Drill was developed.
ROBOTs were developed and installed in FANUC factories.
The production and sale of DC SERVO MOTORs were started under GETTYS MANUFACTURING., INC license.
Wire-cut electric discharge machine was completed.
FANUC USA CORPORATION was established.
The commercial production and shipment of ROBOTs started (ROBOT-MODEL1).
KOREA NUMERIC CORPORATION was jointly established by FANUC and Hwacheon Machinery Works, Co. Ltd.
FANUC EUROPE S.A. was established.
The Fuji Factory was completed.
GMFanuc Robotics Corporation was jointly established in the U.S.A. by FANUC and General Motors.
AC SERVO MOTOR was developed.
The headquarters were moved to the foot of Mt. Fuji.
All-electric plastics injection molding machine, “FANUC AUTOSHOT” was developed.
FANUC series 0 was developed.
FANUC TAIWAN Corporation was established.
GE Fanuc Automation Corporation was jointly established in the U.S.A. by FANUC and General Electric.
Digital SERVO was completed.
CO2 LASER was developed.
The Tsukuba Factory was constructed.
GMFanuc Robotics Corporation was restructured to FANUC’s wholly owned share holding company, FANUC Robotics Corporation, together with its subsidiaries.
BEIJING-FANUC Mechatronics CO., LTD was jointly established by FANUC and the Beijing Machine Tool Research Institute.
FANUC INDIA LIMITED was established.
SHANGHAI-FANUC Robotics CO., LTD. was jointly formed in China by FANUC and Shanghai Mechanical & Electric Industrial
Investment Corp.
The commercial production of 16i Series CNC started.
The commercial production of intelligent ROBOTs started.
The commercial production of 30i Series CNC started.
The joint venture with General Electric Company was resolved and joint venture’s FA operations in the Americas weretransferred to FANUC America Corporation.
The commercial production of the Genkotsu-Robot, a Parallel Link Robot, started.
European subsidiaries were reorganized, and FANUC Europe Corporation was established.
Subsidiaries in North and South America were reorganized, and FANUC America Corporation was established.
Collaborative ROBOT CR-35i A was developed.
Sales

730

800
700

(Billions of Yen)
600
500
400
300
200
100

72

8

74

76

78

80

82

84

86

88

90

92

94

96

98

00
02
04
06
08
10
12
14 15
Consolidated from the year ended March 31,1983

0FANUC CORPORATION ANNUAL REPORT 2015

Financial Section
TEN-YEAR FINANCIAL SUMMARY･･･････････････････････････････ 10
CONSOLIDATED STATEMENTS OF INCOME････････････････････ 12
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME･･･ 13
CONSOLIDATED BALANCE SHEETS･････････････････････････････ 14
CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS･･･ 15
CONSOLIDATED STATEMENTS OF CASH FLOWS･･･････････････ 16
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS･････ 17
NON-CONSOLIDATED STATEMENTS OF INCOME･ ･････････････ 30
NON-CONSOLIDATED BALANCE SHEETS･ ･･････････････････････ 31

9Ten-Year Financial Summary

2006

2007

2008

2009

¥ 381,074¥ 419,560¥ 468,399¥ 388,271

140,589

162,930

189,564

134,449

Operating income as a percentage of net sales

36.9%

38.8%

40.5%

34.6%

Income before income taxes and minority interests

150,832

179,412211,875

149,148

Net income

90,438

106,756

127,030

97,162Current assets

637,566

675,944

750,328

683,719

Current liabilities

82,433

100,810104,151

55,725

Total assets

903,410

951,664

1,046,837

970,441

Net assets

795,228

820,556

911,395

893,282420.01499.83611.14467.55

—

—

—

—

96.00

150.00183.35140.273,614.17

3,816.91

4,225.39

4,177.28

Years ended March 31

Net sales
Operating income

Per share data (Yen and U.S. Dollars):

Net income:
Basic
DilutedCash dividends
Net assets

Note : The U.S. dollar amounts shown above and elsewhere in this annual report are converted from yen, for convenience only, atthe rate of ¥120 = U.S.$1.00.

10

FANUC CORPORATION ANNUAL REPORT 2015

Millions of yen, except for per share data

Thousands of
U.S. dollars,
except for per share data

2010

2011

2012

2013

2014

2015

2015

¥ 253,393¥ 446,201¥ 538,492¥ 498,395¥ 450,976¥ 729,760$ 6,081,333

55,024

189,757

221,834

184,821

164,134

297,8392,481,992

21.7%

42.5%

41.2%

37.1%

36.4%

40.8%

40.8%

55,826

193,495

228,578

191,242

174,360

311,951

2,599,592

37,511

120,155

138,819

120,484

110,930

207,599

1,729,992

623,573

753,992

848,669

906,440

1,027,801

1,273,355

10,611,292

56,18889,589115,270

92,97399,449172,611

1,438,425

891,651

1,013,000

1,130,625

1,219,113

1,343,904

1,611,626

13,430,217

812,657

894,494

985,322

1,094,129

1,199,863

1,386,695

11,555,792

187.75613.75709.20615.59566.86

1,061.02

8.84

—

—

—

—

—

—

—

56.33

184.13212.77184.68170.06636.625.31

4,133.89

4,550.71

5,013.69

5,565.64

6,102.20

7,049.39

58.74

11

Consolidated Statements of Income

Thousands of
U.S. dollars(Note 3)

Millions of yen

2013

2014

2015

2015

¥ 498,395¥ 450,976¥ 729,760$6,081,333

258,670

227,189

350,746

2,922,883

239,725

223,787

379,014

3,158,450

54,90459,653

81,175

676,458

184,821

164,134

297,8392,481,992

Interest income

1,952

2,300

2,628

21,900Equity in earnings (loss) of affiliates

2,932

5,452

9,886

82,383

Other, net (Note 10)

1,537

2,474

1,598

13,317

6,421

10,226

14,112

117,600

191,242

174,360

311,951

2,599,592

Current

69,13362,036111,261

927,175

Deferred

1,120

812

(8,162)(68,017)

Income before minority interests

120,989

111,512208,852

1,740,434

Minority interests in income of
consolidated subsidiaries

505

582

1,253

10,442¥ 120,484¥ 110,930¥ 207,599$1,729,992

Years ended March 31

Net sales
Cost of goods sold (Note 9)
Gross profit
Selling, general and administrative
expenses (Note 9)
Operating income

Other income (expenses):

Income before income taxes andminority interests
Income taxes:

Net income

U.S. dollars(Note 3)

Yen

Amounts per share of common stock:

Net income
Cash dividends
See notes to the consolidated financial statements.

12¥

615.59184.68¥

566.86¥ 1,061.02

170.06636.62

$

8.84
5.31

FANUC CORPORATION ANNUAL REPORT 2015

Consolidated Statements of Comprehensive Income

Thousands ofMillions of yen

U.S. dollars

2013

2014

2015

2015

¥120,989¥111,512¥208,852$1,740,433

982

2,171

2,370

19,750Foreign currency translation adjustment

24,683

26,987

22,178

184,817

Remeasurements of defined benefit
plans

—

—

(2,736)(22,800)

Share of other comprehensive
income of affiliates accounted forusing equity method

2,033

5,597

4,687

39,058

Total other comprehensive income

27,69834,75526,499220,825¥148,687¥146,267¥235,351$1,961,258

Owners of parent

147,644

145,139

233,467

1,945,558

Minority interests

1,043

1,128

1,884

15,700Years ended March 31

Income before minority interests
Other comprehensive income
Valuation difference on availablefor-sale securities

Comprehensive income
Comprehensive income attributable to:13Consolidated Balance Sheets
Millions of yen

As of March 31

ASSETS
Current assets:
Cash and bank deposits
Receivables, trade:
Accounts and notes
Allowance for doubtful accounts
Marketable securities
Finished goods
Work in progress
Raw materials and supplies
Deferred income taxes (Note 11)
Other current assets
Total current assets
Investments (Note 5)
Property, plant and equipment, at cost:
Land
Buildings
Machinery and equipment
Construction in progress
Less accumulated depreciation
Property, plant and equipment, net
Intangible assets:
Goodwill
Other intangible assets
Total intangible assets
Total assets
LIABILITIES AND NET ASSETS
Current liabilities:
Payables, trade
Accrued income taxes
Warranty reserves
Other current liabilities
Total current liabilities
Long-term liabilities:
Net defined benefit liability (Note 6)
Other long-term liabilities
Total long-term liabilities
NET ASSETS
Shareholders' equity:
Common stock:
Authorized - 400,000,000 shares
Issued - 239,508,317 shares
Capital surplus
Retained earnings
Treasury stock, at cost :2014 - 43,836,033 shares2015 - 43,863,212 shares
Total shareholders' equity
Accumulated other comprehensive income:
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Minority interests
Total net assets
Total liabilities and net assets
See notes to the consolidated financial statements.

14

Thousands of
U.S. dollars(Note 3)

2014

2015

2015

¥823,670¥871,236$7,260,300

91,698(1,920)93
43,85735,5598,079
20,706
6,059
1,027,801
49,417135,127(2,164)
120,000
54,28042,85911,662
26,686
13,6691,273,355
71,396

1,126,058(18,033)
1,000,000
452,333
357,158
97,183
222,383
113,909
10,611,291
594,967

117,543
224,764
140,998
6,395(227,227)
262,473

125,893
225,144
146,174
8,009(239,295)
265,925

1,049,108
1,876,200
1,218,117
66,742(1,994,125)
2,216,042

3,689
524
4,213
¥1,343,904

—
950
950
¥1,611,626

—
7,917
7,917
$13,430,217¥26,192
30,787
5,409
37,061
99,449¥40,572
72,2196,546
53,274
172,611$338,100
601,825
54,550443,950
1,438,425

40,456
4,136
44,59247,534
4,786
52,320396,11739,883436,000

69,01496,2701,340,809

69,01496,2771,500,635

575,117802,308
12,505,292(312,299)—
1,193,794—(312,855)
1,353,071—(2,607,125)
11,275,592

5,112
3,138
(8,012)238
5,831
1,199,863¥1,343,904

7,482
29,372(10,748)
26,106
7,518
1,386,695¥1,611,626

62,350244,767(89,567)
217,550
62,65011,555,792$13,430,217

FANUC CORPORATION ANNUAL REPORT 2015

Consolidated Statements of Changes in Net Assets

Millions of yen

Commonstock
Balance at March 31, 2012
Cumulative effects of changes
in accounting policies
Restated balance
Cash dividends
Net income
Purchase of treasury stock
Disposal of treasury stock
Change of scope of consolidation
Net change except shareholder'sequity during the year
Balance at March 31, 2013
Cumulative effects of changes
in accounting policies
Restated balance
Cash dividends
Net income
Change caused by merger
Purchase of treasury stock
Disposal of treasury stock
Net change except shareholder'sequity during the year
Balance at March 31, 2014
Cumulative effects of changes
in accounting policies
Restated balance
Cash dividends
Net income
Change caused by merger
Purchase of treasury stock
Disposal of treasury stock
Change of scope of consolidation
Net change except shareholder'sequity during the year
Balance at March 31, 2015

¥69,014

Capitalsurplus

Valuation
Foreign RemeasureTreasury
Minority
Total
difference on currency
ments
stock,
available-for- translation of defined interests net assets
at costsale securities adjustment benefit plans(¥311,394)¥1,959(¥55,077)—¥3,999 ¥985,322

Retainedearnings¥96,265 ¥1,180,556—¥69,014¥69,014¥96,265 ¥1,180,556 (¥311,394)(39,468)
120,484(246)
3
4¥96,268 ¥1,261,572(¥311,636)¥1,959(¥55,077)

982

26,178¥2,941(¥28,899)——¥3,999¥985,322(39,468)
120,484
(246)
7

870

28,030¥4,869 ¥1,094,129—¥69,014¥69,014¥96,268 ¥1,261,572 (¥311,636)(31,086)
110,930
(607)
(665)
2
2
¥96,270 ¥1,340,809(¥312,299)¥2,941(¥28,899)

—

2,171

32,037(8,012)¥5,112¥3,138(¥8,012)¥4,869 ¥1,094,129(31,086)
110,930
(607)
(665)
4
962

¥5,831 ¥1,199,863(¥1,452)¥69,014¥69,014(¥1,452)¥96,270 ¥1,339,357 (¥312,299)(46,559)
207,599

7¥5,112¥3,138(¥8,012)¥5,831 ¥1,198,411(46,559)
207,599

(559)
3

238

¥96,277 ¥1,500,635

27,158(¥312,855)

(559)
10
238
2,370

26,234(2,736)¥7,482¥29,372(¥10,748)

1,687

27,555¥7,518 ¥1,386,695

Thousands of U.S. dollars (Note 3)

Commonstock
Balance at March 31, 2014 $575,117
Cumulative effects of changes
in accounting policies
Restated balance$575,117
Cash dividends
Net income
Change caused by merger
Purchase of treasury stock
Disposal of treasury stock
Change of scope of consolidation
Net change except shareholder'sequity during the year
Balance at March 31, 2015 $575,117

Valuation
Foreign RemeasureTreasury
Minority
Total
difference on currency
ments
stock,
available-for- translation of defined interests net assets
at costsale securities adjustment benefit plans$802,250 $11,173,409 ($2,602,492)$42,600$26,150($66,767)$48,592 $9,998,859

CapitalsurplusRetainedearnings($12,100)($12,100)$802,250 $11,161,309 ($2,602,492)(387,992)
1,729,992

58

1,983

$26,150($66,767)$48,592 $9,986,759(387,992)
1,729,992(4,658)25$802,308 $12,505,292 ($2,607,125)

See notes to the consolidated financial statements.

$42,600(4,658)83
1,983
19,750218,617(22,800)

14,058229,625$62,350$244,767($89,567)$62,650 $11,555,792

15

Consolidated Statements of Cash Flows
Thousands of
U.S. dollars(Note 3)

Millions of yen

Years ended March 31

Cash flows from operating activities
Income before income taxes andminority interests
Adjustments to reconcile income before
income taxes and minority interests to
net cash provided by operating activities:
Depreciation and amortization
Allowance for doubtful accounts
Allowance for employees' retirement benefits
Net defined benefit liability
Interest and dividend income
Equity in earnings of affiliates, net
Decrease (increase) in receivables, trade
Decrease (increase) in inventories(Decrease) increase in payables, trade
Other
Cash generated from operations
Interest and dividends received
Income taxes paid
Other
Net cash provided by operating activities
Cash flows from investing activities
Purchases of property, plant and equipment
Purchases of investment securities
Proceeds from sales of investment securities
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
Cash and cash equivalents at beginning of year
Increase in cash and cash equivalentsfrom newly consolidated subsidiaries
Increase in cash and cash equivalents caused by merger
between consolidated and non-consolidated subsidiaries
Cash and cash equivalents at end of year

See notes to the consolidated financial statements.

16

2013

2014

2015

2015

¥191,242¥174,360¥311,951$2,599,592

17,867
(865)
1,401
—
(2,767)(2,932)20,004
19,948(10,021)8,751
242,628
4,495(88,735)
460
158,848

18,394
123(28,475)
40,090(3,590)(5,452)(4,418)(9,488)2,159(3,189)180,5145,596(61,262)711
125,559

21,685223—
6,081(3,665)(9,886)(37,331)(17,712)
11,723
1,266
284,335
6,379(68,891)
1,089
222,912

180,708
1,858—
50,675(30,542)(82,383)(311,092)(147,600)
97,692
10,5502,369,458
53,158(574,091)
9,075
1,857,600(44,445)—5476(43,964)(16,623)
—
541
(386)
(16,468)(21,427)(3,355)1(145)(24,926)(178,558)(27,958)
8(1,209)(207,717)(240)(39,426)(172)(39,838)(661)(31,100)(168)(31,929)(549)(46,568)(197)(47,314)(4,575)(388,067)(1,641)(394,283)

15,636

17,633

16,425

136,875

90,682
637,069

94,795
727,751

167,097
823,669

1,392,475
6,863,908

—

—

470

3,917

—

1,123

—

—

¥727,751¥823,669¥991,236$8,260,300

FANUC CORPORATION ANNUAL REPORT 2015

Notes to the Consolidated Financial Statements

1. Basis of preparation
The accompanying consolidated financial statements of FANUC CORPORATION (the“Company”) and its consolidated subsidiaries (together, the“Group”) are prepared on the basis of accounting
principles generally accepted in Japan, which are
different in certain respects as to the applicationand disclosure requirements of International Financial Reporting Standards, and have been compiled from the consolidated financial statements
prepared by the Company as required by the Financial Instruments and Exchange Law of Japan.
In addition, the notes to the consolidated financial statements include information which is
not required under accounting principles generally accepted in Japan but is presented herein
as additional information.
In preparing the accompanying consolidated
financial statements, the Company has madecertain reclassifications and rearrangements tothe consolidated financial statements preparedin Japan in order to present them in a format
which is more familiar to readers outside Japan.

2. Summary of significant accounting policies(b) Cash equivalents
The Group considers all highly liquid investmentswith a maturity of three months or less when purchased to be cash equivalents.
(c) Translation of foreign currency accounts
All monetary receivables and payables denominated in foreign currencies are translated into
Japanese yen at the exchange rates in effect atthe balance sheet date. Foreign exchange gainor loss on translation is recognized in the consolidated statements of income.
Assets and liabilities of the consolidated subsidiaries outside Japan are translated into Japanese yen at the applicable year-end rates except
equity which is translated at thefor shareholdersʼ
historical rates. Differences arising from translation are reflected as“Foreign currency translation
adjustments”in a separate component of net assets. Income and expense accounts are translated at the average rates for the year.
(d) Valuation of securities
Securities other than investments in affiliates areclassified as available-for-sale securities “Other(
securities”) and include securities other than(a) Principles of consolidation

trading securities and securities held to maturity.

The consolidated financial statements include the

Other securities whose fair value is readily deter-

accounts of the Company and, with minor excep-

minable are stated at fair value with the corre-tions, the subsidiaries under its control. Intercom-

sponding unrealized gain or loss, net of taxes,

pany accounts and significant intercompany trans-

recorded directly as a separate component ofactions have been eliminated in consolidation.

net assets. Other securities whose fair value is

The investments in unconsolidated subsidiaries

not readily determinable are stated at moving

and affiliated companies over which the Company

average cost. The cost of other securities sold isexerts substantial influence are, with minor excep-

calculated by the moving average method.

tions, stated at their underlying equity value.
Goodwill is amortized over a period of five
years.

(e) Allowance for doubtful accounts
The allowance for doubtful accounts is provided
at an amount deemed sufficient to cover estimated future losses.

17

(f) Inventories

whereby the method of calculating retirement

Raw materials and purchased components are

benefit obligation and service cost has beenstated primarily at cost determined by the mostrevised. Based on this revision, the method ofrecent purchase price method.

attributing expected retirement benefits to periods

Work in progress is stated at actual cost which in-has been changed from straight-line basis tocludes direct costs for materials and labor and over-benefit formula basis, while the method ofhead manufacturing costs including depreciation.

determining discount rates has been changed.

Finished goods are stated principally at cost(the valuation method) by the average method.

Concerning the application of the“AccountingStandards for Retirement Benefits”, based on theprovisional treatment set out in Paragraph 37 of(g) Property, plant and equipment and depreciation

the Standard, the effects of changes in the method

Property, plant and equipment, including signifi-

of calculating retirement benefit obligation andcant renewals and additions, is stated at cost.

service cost is stated as an adjustment to retained

Depreciation is computed principally by theearnings at the beginning of the current fiscal year.

declining-balance method at rates based on the

The benefit formula basis is applied as theestimated useful lives of the respective assets

method for attributing the expected retirement

which vary according to general classification,

benefits to periods of service for the calculation

type of construction, and use.

of the retirement benefit obligation.

Maintenance and repairs, including minor re-Actuarial gain or loss is amortized in the year

newals and improvements, are charged to in-following the year in which the gain or loss iscome as incurred.

recognized primarily by the straight-line method
over a period (10-11 years) which is shorter than(h) Warranty reserves

the estimated average remaining years of service

The Group provides warranty reserves for goodsof the eligible employees.

sold under warranty agreements. Estimates for

Past service cost is being amortized as incurred

these warranty reserves are based primarily onby the straight-line method over a period (10-11

historical experience. In addition, they are calcu-

years) which is shorter than the estimated average

lated with reference to current information con-remaining years of service of the eligible employees.

cerning specific issues.
(j) Revenue recognition(i) Retirement benefits

In general, sales of products, other than those ex-

Effective from the beginning of the current fiscal

ported, are recognized in the accounts upon ac-

year, the Company adopted the“Accounting

ceptance by the customers. Export sales are rec-Standard for Retirement Benefits”(Accounting

ognized as of the respective dates of shipment.

Standards Board of Japan “ASBJ”() Statement18

No. 26, issued on May 17, 2012) and“Guidance(k) Income taxes

on Accounting Standard for Retirement Benefits”

Deferred income taxes are provided by the asset(ASBJ Guidance No. 25, issued on May 17, 2012),

and liability method. Deferred income tax assets

with respect to the provisions described in theand liabilities are determined based on the tem-

main clause of Paragraph 35 of the Standard andporary differences between the financial state-in the main clause of Paragraph 67 of the Guidance,

ments and the tax bases of the assets and liabili-

FANUC CORPORATION ANNUAL REPORT 2015

ties, using the enacted tax rates which will be ineffect during the years in which the differences
are expected to reverse.
(l) Net income per share
Net income per share is calculated based on the
net income available for distribution to shareholders of common stock and the weighted-average number of shares of common stock outstanding during the year.
(m) Shareholdersʼ
equityThe Companies Act of Japan provides that an
amount equal to 10% of the amount to be disbursed
as distributions of capital surplus (other thancapital reserve) and retained earnings (otherthan legal reserve) be transferred to capital reserve and legal reserve, respectively, until thesum of the capital reserve and the legal reserve
equals 25% of the capital stock account. Such distributions can be made at any time by resolutionof the shareholders, or by the Board of Directors
if certain conditions are met.

4. Financial instruments
Basic policy to manage financial instruments andrelated risk
(1) Group policy for financial instruments
The Company and its consolidated subsidiaries relyon their own resources to finance operations,anddo not raise funds from external resources.
In addition, they do not enter into any derivative contracts.
(2) Nature and extent of risks arising from financial instruments
Receivables such as trade notes and trade accounts are exposed to customer credit risk andreceivables denominated in foreign currencies
that arise from overseas operations are exposedto the market risk of fluctuation in foreign currency exchange rates. Investment securities, whichmainly consist of stocks in companies with business relationships, are exposed to the risk ofmarket price fluctuations.
Payables such as trade notes and trade accounts are mostly due within one year.

3. U.S. dollar amounts(3) Risk management for financial instruments

The Company and its domestic consolidated sub-( i ) Management of credit risk

sidiaries maintain their books of account in yen.

The Group monitors due dates and manages

The U.S. dollar amounts included in the accompa-

balances of receivables by customer on the ba-

nying consolidated financial statements and thesis of internal guideline and periodically checks

notes thereto represent the arithmetic results ofcredit risks of key customers taking into ac-translating yen into dollars at ¥120 = U.S.$1.00,

count their financial position and other factors.

the approximate rate of exchange prevailing on
March 31, 2015.

( ii ) Management of market risk

U.S. dollar amounts are presented solely for

The Group regularly monitors the market pricethe convenience of the reader and the transla-

and the financial condition of the issuer withtion is not intended to imply that assets and lia-

respect to its securities and continuously re-bilities which originate in yen have been or could

views the investment made in each company,

readily be converted, realized or settled in U.S.

taking into account its relationship with thedollars at the above or any other rate.

counterparty.

19

Fair value of financial instruments
The carrying amount and fair value of financial instruments at March 31, 2014 and 2015 are summarized
as follows. Financial instruments whose fair value is not readily determinable are not included in thetable below.
2014

Millions of yen

Carrying
amountFair
value¥823,670¥823,670—

Notes and accounts receivables

91,69891,698—Marketable securities and investment securities
Other securities

9,415

9,415

—

Notes and accounts payables(26,192)(26,192)—

Income taxes payable(30,787)(30,787)—

Cash and bank deposits

2015

Variance

Millions of yen

Thousands of U.S. dollars

Carrying
amountFair
value

Cash and bank deposits¥871,236¥871,236—$7,260,300 $7,260,300—

Notes and accounts receivables

135,127

135,127—

1,126,058

1,126,058—

136,049

136,049—

1,133,742

1,133,742—

Notes and accounts payables(40,572)(40,572)—(338,100)(338,100)—

Income taxes payable(72,219)(72,219)—(601,825)(601,825)—

Variance

Carrying
amountFair
value

Variance

Marketable securities and investment securities
Other securities

Cash and bank deposits, Notes and accounts receivable
The carrying value of “cash and bank deposits” and “notes and accounts receivables” approximate
fair value due to their short maturities.
Marketable securities and investment securities
Marketable securities are negotiable certificates of deposit, and the carrying value of those
approximate fair value due to their short maturities.
Investment securities are equity securities whose fair value is measured at the quoted market
price at the stock exchange.
See Note 5 for information on the fair value of investment securities by classification.
Notes and accounts payables
The carrying value of notes and accounts payables approximate fair value due to their shortmaturities.

20

FANUC CORPORATION ANNUAL REPORT 2015

The carrying amount of financial instruments whose fair value is not readily determinable at March
31, 2014 and 2015, is as follows:
Thousands of
U.S. dollars

Millions of yen

Unlisted stock(consolidated balance sheet amount)

2014

2015

2015

¥32,329¥43,704$364,200

Redemption schedule after fiscal year-end for monetary assets and securities with maturity dates asof March 31, 2014 and 2015 is as follows:
2014

Millions of yen

1 - 5 years

5 - 10 years

Due after
10 years¥823,670———

91,698

—

—

—

—

1

—

—

—

—

—

—

¥915,368¥1——

1 - 5 years

5 - 10 years

Due after
10 years¥ 871,236

—

—

—

135,127

—

—

—

—

—

—

—

120,000———¥1,126,363

—

—

—

1 - 5 years

5 - 10 years

Due after
10 yearsWithin 1 year
Cash and bank deposits
Notes and accounts receivables
Investment securities
Other securities with Maturity(1) Governmental bond(2) Negotiable certificates of deposit
Total
2015

Millions of yen

Within 1 year
Cash and bank deposits
Notes and accounts receivables
Investment securities
Other securities with Maturity(1) Governmental bond(2) Negotiable certificates of deposit
Total
2015

Thousands of U.S. dollars

Within 1 year
Cash and bank deposits$7,260,300

—

—

—

Notes and accounts receivables

1,126,058

—

—

—

—

—

—

—

1,000,000———$9,386,358

—

—

—

Investment securities
Other securities with Maturity(1) Governmental bond(2) Negotiable certificates of deposit
Total

21

5. Other securities and investments
Other securities whose fair value was determinable at March 31, 2014 and 2015 are summarized as follows:
2014

Other securities
with unrealized gain
Other securities
with unrealized loss
Total
2015

Other securities
with unrealized gain
Other securities
with unrealized loss
Total
2015

Book value
Type ofreflected in the
securities
balance sheet
Equity securities¥9,414
Subtotal
9,414
Negotiablecertificates ofdeposit—Bonds
1
Subtotal
1¥9,415

Book value
Type ofreflected in the
securities
balance sheet
Equity securities¥ 16,049
Subtotal
16,049Negotiablecertificates ofdeposit
120,000
Bonds—
Subtotal
120,000¥ 9,415

Millions of yen

Acquisition
cost¥3,2993,299¥6,1156,115—
1
1¥3,300———¥6,115

Millions of yen

Acquisition
cost
¥

Total

Net

6,754
6,754

¥9,295
9,295

120,000—
120,000¥ 3,300———¥6,115

Thousands of U.S. dollars

Book value
Acquisitionreflected in thecostbalance sheet
Equity securities$ 133,742 $ 56,284
Subtotal
133,742
56,284Equity securities
1,000,000
1,000,000
Bonds——
Subtotal
1,000,000
1,000,000$ 78,458 $ 27,500
Type ofsecurities

Other securities
with unrealized gain
Other securities
with unrealized loss

Net

Net
$77,458
77,458———$50,958

Other securities sold during the years ended March 31, 2014 and 2015 are not presented since they
are insignificant
Investments at March 31, 2014 and 2015 consisted of the following:

Investments in affiliates
Other securities
Allowance for doubtful accounts
Other
Total
22

2014

Millions of yen¥32,252
9,491
(1)
7,675
¥49,4172015¥43,627
16,127(0)
11,642¥71,396

Thousands of
U.S. dollars

2015$363,558
134,3920
97,017$594,967

FANUC CORPORATION ANNUAL REPORT 2015

6. Retirement benefits
The Company and its domestic consolidated subsidiaries provide employeesʼ pension fund plans andlump-sum severance payment plans as their defined benefit pension plans.
Certain overseas consolidated subsidiaries also provide defined benefit pension plans and defined contribution pension plans.
Information on the pension plans for the year ended March 31, 2015 is as follows;
1. Defined Benefit Pension Plans(1) Changes in projected benefit obligation (PBO)

Thousands of
U.S. dollars

Millions of yen

PBO at beginning of year2014

¥111,128

2015¥128,341

2015$1,069,508

—

2,234

$18,617¥111,128¥130,575$1,088,125

Service cost

3,711

4,717

39,308Interest cost

2,756

2,731

22,758Actuarial gain or loss

8,809

7,749

64,575

Benefit payments(2,141)(2,498)(20,816)

Influence of exchange

2,524

3,649

30,408

Other

1,554

376

3,134

¥128,341¥147,299$1,227,492

Cumulative effects of changes in accounting policies
Restated balance

PBO at end of year
(2) Changes in the fair value of plan assets

Thousands of
U.S. dollars

Millions of yen

Fair value of plan assets at beginning of year2014

¥83,921

2015

2015

¥87,885$732,375

Expected return on plan assets

1,501

1,598

13,317

Actuarial gain or loss

(1,294)

2,319

19,325

Employer contribution

3,618

6,670

55,583

Benefit payments(1,247)(1,419)(11,825)

Influence of exchange

1,410

2,748

22,900

(24)

(36)

(300)

¥87,885¥99,765$831,375

Other
Fair value of plan assets at end of year23

(3) Amount recognized in consolidated balance sheet at end of year
Millions of yen

Thousands of
U.S. dollars

2014¥124,484

2015¥142,913(87,885)(99,765)(831,375)

36,59943,148359,567

PBO in non-savings-type pension plan

3,857

4,386

36,550Net amount of liability and asset recognized inconsolidated balance sheet

40,45647,534396,117

Net defined benefit liability

40,45647,534396,117¥ 40,456¥ 47,534$ 396,117

PBO in savings-type pension plan
Fair value of plan assets

Net amount of liability and asset recognized inconsolidated balance sheet(4) Components of defined benefit costThousands of
U.S. dollars

Millions of yen

Service cost2014

¥3,7112015$1,190,942

2015¥4,717

2015$39,308

Interest cost

2,756

2,731

22,758

Expected return on plan assets(1,501)(1,598)(13,316)

Amortization of actuarial gain or loss

(173)

832

6,933

Amortization of past service cost

(302)

(303)

(2,525)

13

20

167

¥4,504¥6,399$53,325

Other
Defined benefit cost(5) Remeasurements of defined benefit plans, before tax
The components (before adjustment of tax effect) are as follows:

Millions of yen

Past service cost

24

2014

—

2015

(¥303)

Thousands of
U.S. dollars

2015($2,525)

Actuarial gain or loss—

(3,762)(31,350)

Total—(¥4,065)($33,875)

FANUC CORPORATION ANNUAL REPORT 2015

(6) Remeasurements of defined benefit plans
The components (before adjustment of tax effect) are as follows:

Thousands of
U.S. dollars

Millions of yen

Unrecognized actuarial gain or loss2014

 (¥749)

2015

2015

 (¥444) ($3,700)

Unrecognized past service cost

13,37016,897140,808

Total¥12,621¥16,453$137,108

2014

2015

(7) Plan assets
1) Components of plan assets
The components are as follows:
Debt securities

80%

76%

Cash and bank deposits

19%

23%

Other

1%

1%

Total

100%

100%

2) Expected rate of return on plan assets
The expected rate of return on plan assets is determined based on the current and estimatedfuture rates of return on various pension assets.
(8) Actuarial assumptions

2014

2015

Discount rate

1.5 - 4.4%

1.5 - 4.7%

Expected rate of return on plan assets

1.5 - 3.0%

1.5 - 3.0%—

2.5 - 4.3%

Expected rate of salary increase
2. Defined Contribution Pension Plans

Contribution of consolidated subsidiaries to the plan are ￥546 million ($4,550 thousand).

25

7. Leases
For finance leases that do not transfer ownership with the starting date of the lease transaction fallingon and before March 31, 2008, lease payments are recognized as expenses. Information relating tofinance leases that do not transfer ownership for which starting date of the lease transaction falls on
and before March 31, 2008, as of, and for the years ended March 31, 2014 and 2015, is summarized
as follows :2014

Machinery and equipment

Millions of yen

Acquisition
cost

Less
accumulated
depreciation

Net carrying
amount

—

—

—

—

2015

Machinery and equipment—

Millions of yen

Acquisition
cost

Less
accumulated
depreciation

Net carrying
amount

—

—

—

—

2015

Machinery and equipment

—

—

—

Thousands of U.S. dollars

Acquisition
cost

Less
accumulated
depreciation

Net carrying
amount

—

—

—

—

—

—

Interest has not been deducted in determining the acquisition cost of the machinery and equipment
presented above or the related depreciation expense.
Future rent payments, including interest, under operating leases subsequent to March 31, 2014 and2015 are summarized as follows:

Due within one year

26

2014

Millions of yen¥ 5772015

Thousands of
U.S. dollars

2015¥ 777$ 6,475

Due after one year¥ 849¥1,441$12,008

Total¥1,426¥2,218$18,483

FANUC CORPORATION ANNUAL REPORT 2015

8. Contingent liabilities
Contingent liabilities with respect to guarantees for employees' mortgage loans with banks at March
31, 2014 and 2015 amounted to 104 million and ￥75 million ($625 thousand), respectively.

9. Research and development expenses
Research and development expenses charged to manufacturing costs and selling, general and administrative expenses for the years ended March 31, 2013, 2014 and 2015 are summarized as follows:2013¥20,148

Millions of yen

2014¥18,3722015¥28,105

Thousands of
U.S. dollars

2015$234,208

10. Other income (expenses)-Other, net
Other, net for the years ended March 31, 2013, 2014 and 2015 consisted of the following:

Dividend income
Loss on sales and disposal of fixed assets
Exchange gain or loss, net
Miscellaneous, net
Total

2013

¥ 815(281)
34
969¥1,537

Millions of yen

2014¥1,290
(163)
222
1,125
¥2,4742015¥1,037
(906)
(43)
1,510
¥1,598

Thousands of
U.S. dollars

2015$ 8,642(7,550)(358)
12,583$13,31727

11. Income taxes
Net deferred tax assets at March 31, 2014 and 2015 are summarized as follows:
Millions of yen

Deferred tax assets:
Net defined benefit liability
Unrealized profit on inventories and property, plantand equipment
Depreciation
Accrued enterprise taxes
Investment securities
Other
Gross deferred tax assets
Valuation allowance
Total deferred tax assets
Deferred tax liabilities:
Undistributed earnings of affiliated companies
Other
Total deferred tax liabilities
Net deferred tax assets (liabilities)

Thousands of
U.S. dollars

2014

2015

2015

¥ 13,432¥15,834$ 131,950

7,554

8,713

72,608

6,070
2,210
1,146
12,25742,669(1,157)41,512

7,548
4,545
1,032
15,93353,605(1,041)
52,56462,90037,8758,600
132,775
446,708(8,675)
438,033(13,072)(3,732)(16,804)¥ 24,708(12,234)(6,624)(18,858)¥33,706(101,950)(55,200)(157,150)$ 280,883

Reconciliation of the statutory income tax rate to the effective income tax rate for the years ended
March 31, 2013, 2014 and 2015 was as follows:
Japanese statutory income tax rate

2013

—

2014

—

2015
35.0%

Tax exemption

—

—

-1.6%

Dividend income not taxable

—

—

-3.2%

Tax rate difference of foreign subsidiaries

—

—

-1.5%

Elimination of dividends received

—

—

3.5%

Loss associated with the dissolution of joint venture

—

—

—

Amortization of goodwill

—

—

—

Equity in earnings of affiliates

—

—

-1.1%

Undistributed earnings of affiliated companies

—

—

—

Other

—

—

1.9%

—

—

33.0%

Effective income tax rate

The above information for the years ended March 31 2013 and 2014 is not presented because, as
permitted, the difference between the statutory income tax rate and the effective income tax rate
was less than 5% of the statutory income tax rate.

28

FANUC CORPORATION ANNUAL REPORT 201512. Segment information
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 of factory
automation (FA) systems. Ultimately, FANUC CNC systems and the related application products areused in automated production systems.
FANUC Group uses CNC’s 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, in addition
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.

Relevant Information
Information by product and service
Net sales: Unaffiliated customers
FA
ROBOT
ROBOMACHINE
Total

2013

¥200,118¥119,149¥179,128¥498,395

Millions of yen

2014¥222,643¥146,866¥ 81,467¥450,9762015¥252,585¥181,988¥295,187¥729,760

Information by region
Net sales: Unaffiliated customers
Japan
America
Europe
Asia
Other
Total

2013

¥107,213¥ 84,334¥ 55,051¥249,783¥ 2,014¥498,395

Millions of yen

2014¥105,706¥103,012¥ 71,981¥168,015¥ 2,262¥450,976

2015¥123,593¥124,057¥ 87,970¥391,577¥ 2,563¥729,760

Thousands of
U.S. dollars

2015$2,104,875$1,516,567$2,459,891$6,081,333

Thousands of
U.S. dollars

2015$1,029,942$1,033,808$ 733,083$3,263,142$ 21,358$6,081,333

13. Derivative transactions
Not applicable as the Group does not enter into any derivative contracts.

14. Related-party transactions
No related-party transactions were recorded for the years ended March 31, 2014 and 2015.

29

NON-CONSOLIDATED STATEMENTS OF INCOME

Thousands of
U.S. dollars

Millions of yen

2013

2014

2015

2015

¥407,289¥324,469¥554,448$4,620,400

216,747

176,679

283,370

2,361,417

190,542

147,790271,078

2,258,983

27,921

25,59640,651

338,758

162,621122,194

230,427

1,920,225

Interest income

212

275

364

3,033

Dividend income

8,597

9,932

32,419270,158

972

1,027

1,324

11,034

9,781

11,234

34,107284,225

172,402

133,428

264,534

2,204,450

Current

60,881

45,98488,194734,950

Deferred339

446(4,987)(41,558)

61,22046,43083,207

693,392¥111,182¥ 86,998¥181,327$1,511,058

Years ended March 31

Net sales
Cost of goods sold
Gross profit
Selling, general and administrative expenses
Operating income
Other income (expenses):

Other, net

Income before income taxes
Income taxes:

Net income

Yen

Net income per share:¥ 568.06¥ 444.56

U.S. dollars¥ 926.74

Note: The U.S. dollar amounts are converted from yen, for convenience only, at the rate of ¥120 = U.S.$1.00.

30

$

7.72

FANUC CORPORATION ANNUAL REPORT 2015

NON-CONSOLIDATED BALANCE SHEETSAs of March 31
ASSETS
Current assets:
Cash and bank deposits
Receivables, trade:
Accounts and notes
Subsidiaries and affiliates
Allowance for doubtful accounts
Marketable securities
Inventories
Deferred income taxes
Other current assets
Total current assets
Investments and other assets:
Subsidiaries and affiliates
Deferred income taxes
Other
Total investments and other assets
Property, plant and equipment, at cost:
Land
Buildings
Machinery and equipment
Construction in progress
Accumulated depreciation
Property, plant and equipment, net
Intangible assets
Total assets
LIABILITIES AND NET ASSETS
Current liabilities:
Payables, trade:
Accounts
Subsidiaries and affiliates
Accrued expenses
Accrued income taxes
Warranty reserves
Other current liabilities
Total current liabilities
Long-term liabilities:
Allowance for employeesʼ retirement benefits
Asset retirement obligations
Total long-term liabilities
NET ASSETS
Shareholdersʼ equity:
Common stock:
Authorized - 400,000,000 shares
Issued - 239,508,317 shares
Capital surplus
Retained earnings
Treasury stock, at cost
Total shareholdersʼ equity
Valuation and translation adjustments:
Net unrealized holding gain on other securities
Total net assets
Total liabilities and net assets

Millions of yen

Thousands of
U.S. dollars

2014

2015

¥ 634,111¥ 670,413$ 5,586,775

39,68818,888(545)—
50,6998,336
3,681
754,858

41,92027,815(651)
120,000
65,034
13,775
10,312
948,618

349,333
231,792(5,425)1,000,000
541,950
114,792
85,933
7,905,150

107,337
10,251
9,586
127,174

107,086
9,744
16,220133,050

892,383
81,200135,167
1,108,750

106,945
202,592
127,476
6,153
443,166(206,938)
236,228263¥ 1,118,523

114,250
199,893
131,474
5,997
451,614(216,364)
235,250596¥1,317,514

952,083
1,665,775
1,095,617
49,975
3,763,450(1,803,033)
1,960,417
4,967$10,979,284

¥

¥

$

19,684823
13,27926,8632,012
2,374
65,03528,777906
25,49564,5482,651
3,186
125,563

2015

239,808
7,550
212,458
537,900
22,092
26,5501,046,358

25,4102,825
28,23528,777
2,811
31,588239,808
23,425263,233

69,014
96,122
1,167,462(312,299)
1,020,299

69,014
96,1281,300,778(312,855)
1,153,065

575,117801,067
10,839,817(2,607,125)
9,608,876

4,954
1,025,253¥ 1,118,523

7,298
1,160,363¥1,317,514

60,816
9,669,692$10,979,283

31

Global Network

FANUC Global Service Network
Over 240 Offices in 46 Countries and Growing
Stuttgart
Dusseldorf
Luxembourg

Shenyang

OdenseChangchun

Brussels

HarbinStockholm

Coventry
Paris

PragueElgoibar

Wroclaw

Moscow
Kiev

Madrid

Lyon

Sofia
Celje

Biel

Linz

Milan

CheonanZhengzhou

Daegu

Xi’an

Ulsan
Changwon

Wuhan

Istanbul Faridabad

Bologna

Yantai

Nanjing

Budapest Trnava
Barcelona

DalianBeijingSaint-Petersburg Taiyuan

GurgaonPorto

TianjinAhmedabad

MumbaiPune
Coimbatore

Chongqing
ChengduYuhuanNingboXiamenHa NoiChennaiShanghaiTaipeiTaichung
TainanShenzhen
Guangzhou
ManilaBangkokBangalore

Ho Chi Minh

Kuala Lumpur
Singapore
Johannesburg

Jakarta

Cikarang

BrisbaneSydneyAdelaide

Melbourne

FANUC CORPORATION (Headquarters)
Oshino-Mura, Yamanashi, Japan

32

FANUC America
Detroit, U.S.A.

FANUC Europe
The Grand Duchy of Luxembourg

BEIJING-FANUC
Beijing, China

FANUC CORPORATION ANNUAL REPORT 2015

DetroitToronto

ChicagoMontreal

Minneapolis

Headquarters

BostonSan Francisco
Los Angeles

Cleveland
DallasCharlotte
Cincinnati

Lake Forest
Aguascalientes

New Jersey

Atlanta
Mexico City

Sao Paulo

Buenos Aires

AucklandSHANGHAI-FANUC Robotics
Shanghai, China

KOREA FANUC
Changwon, Korea

TAIWAN FANUC FA
Taichung, Taiwan

FANUC INDIA
Bangalore, India

33

Web Site: http://www.fanuc.co.jp/