(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, 2021
April 27, 2021
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 the Annual Meeting of Shareholders: June 24, 2021
Scheduled date of commencing of dividend payments: June 25, 2021
Scheduled date of filing the Securities Report: June 30, 2021
Availability of supplementary briefing material on annual financial results: Available
Schedule of annual financial results briefing session: Scheduled
1. Consolidated Financial Results for the Year Ended March 31, 2021 (April 1, 2020 – March 31, 2021)(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

FY2020551,287

8.5

Millions of yen

112,514

YoYchange%Millions of yen

27.4

128,744

YoYchange%Millions of yen

YoYchange%94,01228.1

25.2

FY2019508,252(20.0)
88,350(45.9)
102,816(44.0)
73,371(52.4)
Note: Consolidated comprehensive income: FY2020: ¥ 124,079 million 116.3% FY2019: ¥57,377 million(61.6)%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

%

%

%

FY2020490.11—
6.8
8.2
FY2019381.89—
5.3
6.6(Reference) Equity in earnings of affiliates: FY2020: ¥11,640 million
FY2019: ¥8,752 million

20.4
17.4

(2) Consolidated Financial Position
Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen%

Cash flows fromoperating activities

Cash flows frominvesting activities

Cash flows fromfinancing activities

Millions of yen

Millions of yen

Millions of yen

FY20201,625,191
FY20191,512,499(Reference) Equity: FY2020: ¥1,425,479 million

1,435,554
87.7
1,362,865
89.6
FY2019: ¥1,355,100 million(3) Consolidated Cash Flow Position

FY2020FY2019117,996
144,872(16,770)(84,319)(53,132)(140,726)

Net assets
per shareYen

7,431.58
7,064.22

Cash and cash
equivalents at end of
periodMillions of yen

577,919
515,008

2. Dividends
Total
amount ofdividends(full year)

Payoutratio(consolidated)

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)%

FY2019125.35174.65300.0057,55878.6
4.1――
FY202087.93
206.14294.0756,40760.0
4.1――
FY2021――――――(forecast)
Note: The year-end dividends for the year ended March 31, 2020 consist of ordinary dividends of ¥103.79 andspecial dividends of ¥70.86.
Note: The forecasts of the 2nd quarter-end and year-end dividends for the year ending March 31, 2022, will
be disclosed promptly upon their availability.
3. Consolidated Financial Forecasts for the second quarter of the Year Ending March 31, 2022 (April 1, 2021
– March 31, 2022)(% 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%Millions of yen

YoYchange%Millions of yen

YoYchange%Millions of yen

YoYchange%2nd Quarter(Cumulative)

348,200

51.1

87,700171.3

97,400154.8

70,800151.8

369.11

Fiscal period

657,100

19.2

148,400

31.9

164,500

27.8

120,500

28.2

628.21

Yen

Note: Actual results may differ from these forecasts, subject to various conditions, including how far thecoronavirus (COVID-19) will further spread, and when the pandemic will end. We will promptly publish
new information, which may greatly affect actual results if any, upon their availability.
*Notes(1) Changes in Significant Subsidiaries during the year ended March 31, 2021
(changes in specific subsidiaries that caused change in scope of consolidation) :No(2) Changes in Accounting Principles and Accounting Estimates, and Revisions/Restatements
1. Changes associated with changes in accounting standards: 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)
201,922,097
March 31, 2021
March 31, 2020
shares
2. Number of treasury stocks
March 31, 2021

10,108,169
shares

3. Average number of shares during the period
191,820,543
Year ended
sharesMarch 31, 2021

204,031,841
sharesMarch 31, 2020

12,205,848
sharesYear ended
March 31, 2020

192,123,630
shares(Reference) Summary of Non-Consolidated Financial Results

1. Non-Consolidated Financial Results for the Year Ended March 31, 2021 (April 1, 2020 – March 31,
2021)(1) Non-Consolidated Results of Operations(% represents changes from the previous term.)
Net sales
Operating income
Ordinary income
Net income
Millions of yen

FY2020FY2019FY2020FY2019415,939
352,407

YoY
change%Millions of yen

18.0(25.1)

63,481
37,992

YoYchange%67.1(64.1)Net income
per share

Net income
per share(diluted)

Yen

Yen

367.28284.69Millions of yen

87,88967,586

YoYchange%30.0(54.3)

Millions of yen

70,451
54,697

YoYchange%28.8(59.9)——(2) Non-Consolidated Financial Position
Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen%

FY20201,236,223
1,116,242
90.3
FY20191,177,585
1,084,633
92.1(Reference) Equity: FY2020: ¥1,116,242 million
FY2019: ¥1,084,633 million

Net assets
per share
Yen

5,819.40
5,654.25＊ The report of the annual financial results is not subject to audit by certified public accountant or audit firm.
＊ Any forward looking statements such as financial forecasts described in this report are subject touncertain factors such as supply and demand trends, industry competition, economic conditions, andothers in major markets. Actual results may differ from these forecasts. For the details of the financial
forecasts, please refer to “Future Outlook” on page 5 of the Accompanying Documents. The forecasts ofthe 2nd quarter-end and the year-end dividends for the year ending March 31, 2022, 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

3(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, 2021

5２．Management Policy, Business Environment, Challenges,
and Other Matters

6(1)

Basic Management Policy

6(2)Business Environment and Challenges

6

３．Basic Way of Thinking Regarding the Choice of
Accounting Standards

8

４．Consolidated Financial Statements and Primary Notes(1)

Consolidated Balance Sheets(2)

Consolidated Statements of Income and99Consolidated Statements of Comprehensive Income

11

(3)

Consolidated Statements of Changes in Net Assets

13

(4)

Consolidated Statements of Cash Flows

17

(5)

Notes to Consolidated Financial Statements

18（Note on premise of a going concern）

18（Segment information, etc.）

18（Per share data）

19（Significant subsequent events）

19

1

1. Overview of Results of Operations and Financial Position(1) Overview of Results of Operations
Regarding the business environment surrounding the FANUC Group during this period (April 1,2020 – March 31, 2021), the market conditions became harsh owing to factors including an ongoing
global trend of reduction in capital investment due to the impact of the spread of the coronavirus(COVID-19). However, in addition to recovery first taking place in China, other regions also
rebounded gradually from around the second quarter.
Under these circumstances, the FANUC Group has striven to maintain the delivery of products
and service activities for our customers while placing utmost priority on preventing the spread of
COVID-19. In addition, to deal with changing market conditions, we fortified our corporate structure
by reducing expenses and optimizing business operations, among other measures.
During the fiscal year ended March 31, 2021, FANUC posted consolidated net sales totaling¥551,287 million, up 8.5%, consolidated ordinary income totaling ¥128,744 million, up 25.2%, andnet income attributable to owners of parent totaling ¥94,012 million, up 28.1%, compared with theprevious fiscal year.
During this period, the new collaborative robot "FANUC Robot CRX Series", which is equipped withall of “Safety”, “Ease of Use” and “High Reliability” won the "Nikkan Kogyo Shimbun Best 10 New
Product Awards 2020/Main Award," the "Nikkei Business Daily Awards/2020 Nikkei Superior
Products and Services Awards," and the METI Minister's Award in METI’s Ninth Robot Awards
program.
The following is a summary of the results for each business division:[FA Division]
In the FA Division, demand from the machine tool industry, the primary market for CNC systems,
recovered earlier and remained strong in China. Demand in India is also undergoing a recovery,
especially for agricultural machinery and motorcycles. Although demand in Japan, Europe, South
Korea, and Taiwan had remained sluggish, these countries are seeing gradual increases in demandwith machine exports to the Chinese market and other markets. As a result, net sales of CNC
systems of the FANUC Group increased compared with the previous fiscal year.
With regard to our lasers, the Chinese market and the European market are on a recovery trend,but competition from overseas manufacturers remains fierce.
The FA Division posted consolidated sales totaling ¥149,240 million, up 4.2% compared with theprevious fiscal year, and FA Division sales accounted for 27.1% of consolidated net sales.

2

[ROBOT Division]
In the ROBOT Division, sales to the general industries in the Americas were strong, and sales tothe automobile industry also increased due to EV-related demand. In China, in addition to IT-related
sales, sales for EVs, construction machinery, heavy machinery, and other machining applications
were also strong. In Europe, sales to the general industrial sector were strong, but sales to theautomobile industry declined year on year due to a trough in capital investment, and sales weresluggish in Japan. The ROBOT Division posted consolidated sales totaling ¥210,024 million, up
3.7% compared with the previous fiscal year. ROBOT Division sales accounted for 38.1% ofconsolidated net sales.
[ROBOMACHINE Division]
In the ROBOMACHINE Division, sales of the ROBODRILLs (compact machining centers)
increased due to a sharp increase in demand from the latter part of the period, mainly in China, foruse in the computer, tablet, and smartphone markets. Sales of the ROBOSHOTs (electric injection
molding machines) also recovered from the latter part of the fiscal year due to an increase indemand from IT-related and medical markets, mainly in China, Europe and the United States. With
regard to the ROBOCUTs (wire-cut electric discharge machines), sales recovered from the latter partof the fiscal year, but declined year on year.
The ROBOMACHINE Division posted consolidated sales totaling ¥114,518 million, up 52.9%
compared with the previous fiscal year. ROBOMACHINE Division sales accounted for 20.8% ofconsolidated net sales.
[Service Division]
The Service Division received fewer requests for the Company’s services on account ofsuspended operations at customers’ factories and falling factory operating rates, among others, due
to the impact of lockdowns in countries throughout the world in the first quarter. However, requests
for the Company’s services recovered thereafter. The Service Division posted consolidated sales
totaling ¥77,505 million, down 11.5% compared with the previous fiscal year. Service Division sales
accounted for 14.0% of consolidated net sales.

(2) Overview of Financial Position
Total assets were ¥1,625,191 million, up ¥112,692 million compared with the end of the previous
fiscal year.
Total liabilities were ¥189,637 million, up ¥40,003 million compared with the end of the previous
3fiscal year.
Total net assets were ¥1,435,554 million, up ¥72,689 million compared with the end of theprevious fiscal year.
We cancelled our treasury shares exceeding the 5% of the total number of issued shares(2,109,744 shares, ¥22,095 million) on May 29, 2020, based on the shareholder return policy (statedin the financial results for the fiscal year ended March 31, 2020, which were announced on April 24,2020). (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 ¥577,919 million,up ¥62,911 million from the end of the previous fiscal year.
(Cash flows from operating activities)
Cash provided by operating activities during this period amounted to ¥117,996 million, down
¥26,876 million from the previous fiscal year. This was mainly due to the increase in the tradereceivables.
(Cash flows from investing activities)
Cash used in investing activities during this period amounted to ¥16,770 million, down ¥67,549
million from the previous fiscal year. This was mainly because of expenditure for the purchase ofproperty, plant and equipment decreased.
(Cash flows from financing activities)
Cash used in financing activities during this period amounted to ¥53,132 million, down ¥87,594
million from the previous fiscal year. This was mainly due to the decrease in dividends paid.

4(4) Future Outlook
For a while, the Company anticipates strong demand in various areas such as IT in the fields of
FA, ROBOTs, and ROBOMACHINEs, and as such, forecasts consolidated financial results for fiscal
2021 (the fiscal year ending March 31, 2022), as follows.
Actual results may differ from these forecasts, subject to various conditions, including how far thecoronavirus (COVID-19) will further spread, and when the pandemic will end. We will promptly
publish new information, which may greatly affect actual results if any, upon their availability.

Full-year financial forecast for the year ended March 31, 2022
Amount(Millions of yen)

Ratio of change fromthe previous fiscal
year (%)

Net sales

657,100

19.2

Operating income

148,400

31.9

Ordinary income

164,500

27.8

Net income attributable to owners of parent

120,500

28.2

Note: The currency rate applied to the period from April 1, 2021 to March31, 2022 is averaged at
105 yen/US dollar and 125 yen/Euro.

(5) Basic Policy on Return of Profit to Shareholders and Dividends for the Period ended March
31, 2021
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Dividends for this period are scheduled as follows:
Second half(forecast)First half
Current period (fiscal year
ended March 31, 2021)

Yen
87.93

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

Yen
125.35Full year(forecast)Yen
206.14Yen
294.07Yen
174.65Yen
300.00(Ordinary dividend: 103.79)(Ordinary dividend: 229.14)(Special dividend: 70.86)(Special dividend: 70.86)

Payout ratio
60.0%

78.6%

2. Management Policy, Business Environment, Challenges, and Other Matters(1) Basic Management Policy
The FANUC Group was the first to succeed in the development of NCs and servomechanism inJapan, in the private sector, and ever since this success in 1956, has consistently pursued factory
automation.
It has sought to become a tough company which, although it may be small, has the strength of agiant firmly rooted in the ground with an unwavering focus on competitive technology—a goal it set
in its early years. It endeavors to walk straight in a “narrow path.”
In order to achieve this ideal model, the FANUC Group has set “Strict Preciseness andTransparency” as its basic principles. What lies behind these principles is the philosophy that acompany will last forever and be sound with strict preciseness and the corruption of an organizationand downfall of a company start from a lack of transparency.
The Group will continue to provide customers with value indispensable for the world throughdevelopment of products with focus placed on the FA business, which encompasses basic
technologies consisting of NCs, servos and lasers, and the ROBOT and ROBOMACHINE businesswhere these basic technologies are applied, and the IoT business targeting manufacturing sites.
Based on its starting point as a supplier of production goods, FANUC also offers service with apolicy of not terminating support of FANUC products as long as they are used by customers.
Through such activities, the FANUC GROUP aims to contribute to the development of
manufacturing industries in Japan and overseas by enhancing automation and efficiency incustomers’ factories, and pursue steady growth in the area of factory automation, which is expected
to grow over the medium to long term.
(2) Business Environment and Challenges
As FANUC products are production goods that are significantly affected by economic changes,
we continue management from a long-term perspective without being affected by short-term events.
The trade friction between the U.S. and China has prolonged, and with the impacts of the global
6spread of COVID-19, it is anticipated that the situation will remain difficult and unpredictable forsome time. On the other hand, the demand for factory automation is expected to grow over the
medium to long-term.
Guided by the slogan “one FANUC,” the FANUC Group will take maximum advantage of ourunique strength in uniting our FA, ROBOT, and ROBOMACHINE Divisions to jointly provide totalsolutions and take care of customers throughout the world. In particular, we perceive collaboration
between CNC machine tools and ROBOTs, and between ROBOMACHINEs and ROBOTs, as oneof our key themes, and will develop products accordingly.
In addition, the FANUC Group will adhere to its origins as a producer of production goods to be
used at manufacturing sites, and will be thorough in implementing our slogan “Reliable”,“Predictable”, "Easy to Repair” in product development, to minimize downtime in our customers’
factories and improve their operating rates. Moreover, we will develop products with an even greater
focus on ease of use, in order to respond to the increase in demands for factory automation, as
acquiring skilled workers becomes more difficult.
Furthermore, we will practice our basic policy of “Service First” in providing high-level
maintenance services pursuant to FANUC’s global standard anywhere in the world, and “lifetime
maintenance” for as long as our customers use our products. In particular, we will continue to focus
on “lifetime maintenance,” as it is one of the core strengths of the FANUC Group, which is difficult forcompetitors to imitate.
The FANUC Group believes that IoT and AI are indispensable technologies for FANUC tocontinue developing and launching highly competitive products to the market. By aggressively
adopting these technologies in all areas of FA, ROBOT, and ROBOMACHINE products, we willfurther promote customers’ production efficiency. We will continue to develop IoT technologies, suchas the “FIELD system” open platform. With regard to AI technologies, we will develop functions thatwill be useful in actual manufacturing sites. For technologies that the Company does not possess,
we will continue to actively collaborate with other companies, and strive to engage in speedy
development.
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
automization and robotization in factories, and enhancing administrative efficiency. In addition, as asupplier of production goods, we are establishing multiple production sites and service centers inorder to fulfill our responsibilities as a supplier and maintain service activities under any
circumstance. Furthermore, we are also fortifying our supply chain by increasing the number of parts
suppliers and maintaining appropriate inventory levels for parts.
Along with such activities, the FANUC Group is also striving to maintain its strong corporate
structure by reducing expenses and time, and streamlining business operations. In addition, we
consider human resources as being most vital for achieving medium and long-term growth. From
this perspective, we will work on the key issues of creating better working environments for our
employees and further improving employee motivation.
With regard to management, we will focus even more on the fact that FANUC’s products can7make major contributions to the achievement of SDGs. In addition to the operating income ratio,
ordinary income ratio, and ROE, market shares will also be considered to be an important businessindicator, and decisions will be made comprehensively with these in mind.
As a pressing issue, the FANUC Group is prioritizing the prevention of COVID-19 infection
among its customers, partners, employees, and family members, along with containing its spread,
while striving to continue to provide products and services to customers.
The FANUC Group will continue to thoroughly practice our basic principles of “Strict Precisenessand Transparency,” and promote such measures united as one group in all aspects, in order to gain
more customer confidence and trust in the FANUC Group while adapting to dramatic changes in theenvironment, in our efforts 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, 2020

March 31, 2021

405,861
85,266
126,700
65,122
51,97925,45010,833(831)

429,784
128,171
157,000
81,25352,00831,007
11,253(782)

770,380889,694

Buildings

310,060

309,113

Machinery and equipment
Land60,216
146,085
65,45815,31759,863
148,389
44,40815,073597,136

576,846

10,2199,952

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

109,212
31,141
4,772
3,998
(424)

134,764

148,699742,119735,497

1,512,499

1,625,191

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, 2020

March 31, 2021

26,974
9,270
8,306
56,41344,015
22,131
8,860
60,112

100,963

135,118

44,652
4,019

49,3795,140

48,67154,519149,634

189,637

69,01496,26569,014
95,995

1,351,122(127,822)

1,373,018(106,008)

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

1,388,579

1,432,019

5,058

16,910(26,608)(11,929)(4,849)(18,601)(33,479)(6,540)7,765

10,075

Total net assets

1,362,865

1,435,554

1,512,499

1,625,191

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
Removal expenses of noncurrent
assetsLoss on valuation of investment
securities
Donations
Miscellaneous expenses
Total non-operating expenses
Ordinary income
Extraordinary losses
Impairment loss
Total extraordinary losses
Income before income taxes
Income taxes-current
Income taxes-deferred
Total taxes and others
Net income
Net income attributable to non-controllinginterests
Net income attributable to owners of parent

11(Millions of yen)
Years ended March 31

2020
508,252
326,095
182,157
93,80788,3502021
551,287349,327
201,960
89,446
112,514

3,861
1,444
8,752
2,733
16,7902,088
1,339
11,6403,330
18,397

971

523

454

772

300
599
2,324
102,816

481
391
2,167
128,744

1,973
1,973
100,843
24,4501,776
26,226
74,617――
128,744
32,385
101
32,486
96,258

1,246

2,246

73,371

94,012

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

2020

2021

74,617

96,258(4,053)

11,852(18,634)

22,072

7,408(6,672)(1,961)

569(17,240)
57,377

27,821
124,079

56,796581

120,951
3,128

(3) Consolidated Statements of Changes in Net Assets
Year ended March 31, 2020 (April 1, 2019 - March 31, 2020)(Millions of yen)
Shareholders’ equity

Balance at March 31, 2019

Common stock

Capital surplus

69,01496,265Retainedearnings
1,380,439

Cumulative effects ofchanges in accounting
policies
Restated balance

Treasury stock,at costTotal
shareholders’equity(91,040)

1,454,678(63)
69,01496,265

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

1,454,615

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

Net income attributableto owners of parent

73,37173,371

Changes by merger
Change in equity fromtransactions with
non-controllingshareholders
Purchase of treasury
stock
Disposal of treasury
stock
Retirement of treasurystock
Net change except
shareholders’ equity
during the year
Total changes during theyear
Balance at March 31, 2020

－

－

4
(4)

(84)

(36,875)(36,875)

5

9

88

－
－

－

－

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

69,01496,265

1,351,122(127,822)

1,388,579

13

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

9,111

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

Noncontrollinginterests
7,371

Cumulative effects ofchanges in accounting
policies
Restated balance

Total net assets

1,445,146
(63)

9,111

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

7,371

1,445,083

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

Net income attributableto owners of parent

73,371

Changes by merger
Change in equity fromtransactions with
non-controllingshareholders
Purchase of treasury
stock
Disposal of treasury
stock
Retirement of treasurystock
Net change except
shareholders’ equity
during the year
Total changes during theyear
Balance at March 31, 2020－－

(36,875)
9－(4,053)(19,931)

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

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

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

7,765

1,362,865

14

Year ended March 31, 2021 (April 1, 2020 - March 31, 2021)(Millions of yen)
Shareholders' equity

Balance at March 31, 2020

Common stock

Capital surplus

Retained earnings

Treasury stock, at
cost

Total
shareholders’equity69,01496,265

1,351,122(127,822)

1,388,579

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

1,351,122(127,822)

1,388,579

Changes during the year:
Dividends of surplus(50,369)(50,369)

Net income attributableto owners of parent

94,012

94,012

346

346

Changes by merger
Change in equity fromtransactions with
non-controllingshareholders
Purchase of treasury
stock
Disposal of treasury
stock
Retirement of treasurystock
Net change except
shareholders’ equity
during the year
Total changes during theyear
Balance at March 31, 2021

(270)

(270)

2
(2)

(22,093)

(283)

(283)

2

4

22,095

－
－

－

(270)

21,896

21,81443,44069,014

95,995

1,373,018(106,008)

1,432,019

15

Accumulated other comprehensive income
Valuation
Total accumulated
Foreign currency Remeasurements
difference onothertranslationof defined benefit
available-forcomprehensive
adjustment
plans
sale securities
incomeBalance at March 31, 2020

5,058

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

Noncontrollinginterests
7,765

Cumulative effects ofchanges in accounting
policies
Restated balance

Total net assets

1,362,865－

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

7,765

1,362,865

Changes during the year:
Dividends of surplus(50,369)

Net income attributableto owners of parent
Changes by merger
Change in equity fromtransactions with
non-controllingshareholders
Purchase of treasury
stock
Disposal of treasury
stock
Retirement of treasurystock
Net change except
shareholders’ equity
during the year
Total changes during theyear
Balance at March 31, 2021

94,012
346

(270)

(283)
4
－
11,852

21,759(6,672)

26,9392,310

29,24911,852

21,759(6,672)

26,9392,310

72,68916,910(4,849)(18,601)(6,540)10,075

1,435,554

16

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

Years ended March 31
2020

2021

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

100,843
45,913
1,973

128,744
45,102
－

(261)

(121)

2,762

4,252

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

Other(7,456)(5,305)(8,752)
18,358
10,288(8,646)
14,1189,040(3,427)(11,640)(37,122)(16,828)
15,239(2,985)

Subtotal

163,835

130,254

Interest and dividends received
Income taxes paid

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

7,082(20,153)813

144,872

117,996(32,248)
28,672(75,429)(5,314)(31,849)
40,021(21,768)(3,174)(84,319)(16,770)(36,870)(102,546)(1,310)(283)(50,484)(2,365)(140,726)(53,132)(12,533)

14,465

Cash flows from operating activities

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

Other
Net cash provided by operating activities
Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchases of property, plant, and equipment
Other
Net cash used in investing activities
Cash flows from financing activities
Purchases of treasury stock
Dividends paid
Other
Net cash used in financing activities
Effect of exchange rate changes on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents(92,706)

62,559Cash and cash equivalents at beginning of year
Increase in cash and cash equivalents resulting frommerger with unconsolidated subsidiaries

607,714515,008－352

Cash and cash equivalents at end of year

515,008

577,91917

(5) Notes to Consolidated Financial Statements(Note on premise of a going concern)
Not applicable(Segment information, etc.)
1. Segment information
Year ended March 31, 2020 (April 1, 2019 – March 31, 2020) andYear ended March 31, 2021 (April 1, 2020 – March 31, 2021)
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, 2020 (April 1, 2020 – March 31, 2021)(1)

Information by product and serviceFA

Net sales tounaffiliatedcustomers(2)

149,240ROBOTROBOMACHINE

210,024

114,518

Service
77,505(Millions of yen)Total
551,287

Information by region◎ Net sales(Millions of yen)Japan
Americas
Europe
Asia
Other
Total
82,456
120,738
85,413258,8143,866
551,287
Note: Net sales are broken down by country or region where customers are located.
Property, plant and equipment, at cost
(Millions of yen)
Japan
Other
Total
518,299
58,547
576,846◎18

(Per share data)
Fiscal year 2019
Fiscal year 2020
(April 1, 2019 – March 31, 2020)(April 1, 2020 – March 31, 2021)
Net assets per share
7,064.22 yen Net assets per share
7,431.58 yen
Net income per share
381.89 yen Net income per share
490.11 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 2019

Fiscal year 2020

(April 1, 2019 – March 31, 2020)(April 1, 2020 – March 31, 2021)

73,371

94,012――73,371

94,012

192,124

191,821

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 27, 2021, 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(2)
Total number of shares to be
repurchased(3)
Aggregate amount of shares
to be repurchased(4)
Method of share buyback(5)
Buyback period

Common shares
Up to 2.5 million shares（1.30% of outstanding shares*）
Up to 50 billion yen
Market purchase on the Tokyo Stock Exchange
April 28, 2021 – March 31, 2022
*Excluding treasury shares

19