(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, 2017
April 27, 2017
Company name: FANUC CORPORATION
Stock exchange listing: Tokyo Stock Exchange
Stock code:
6954
URL: http://www.fanuc.co.jp/
Representative: (Title) Chairman and CEO(Name) Yoshiharu Inaba
Contact:(Title) Manager, Public Relations (Name) Keisuke Fujii TEL: (0555)84－5555
Scheduled date for the Annual Meeting of Shareholders: June 29, 2017
Scheduled date for commencement of dividend payments: June 30, 2017
Scheduled date for submitting the Securities Report: June 29, 2017
Availability of supplementary briefing material on annual results: Yes
Schedule of annual results briefing session: Yes
1. Consolidated Financial Results for the Year Ended March 31, 2017 (April 1, 2016 – March 31, 2017)(1) Consolidated Results of Operations(% represents changes from the previous term.)
Net income
Net sales
Operating income
Ordinary income
attributable to ownersof parent
YoYchange%Millions of yen

Millions of yen

YoYchange%Millions of yen

YoYchange%Millions of yen

YoYchange%127,697
159,700(20.0)(23.1)

2016
536,942(13.9)
153,217(28.9)
168,829(26.4)
2015
623,418(14.6)
215,567(27.6)
229,361(26.5)
Note: Consolidated comprehensive income:
FY2016:¥124,934 million, up 5.9% FY2015:¥117,953 million, down 49.9%
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

%

%

%

2016
658.63
9.5
11.0
2015
816.7811.8
14.7(Reference) Equity in earnings of affiliates: FY2016: ¥10,022 million
FY2015: ¥11,494 million

28.5
34.6

(2) Consolidated Financial Position
Total assets

Net assets

Equity ratio

Net assets
per share

Millions of yen

Millions of yen

%

Yen

2016
1,564,769
2015
1,512,895(Reference) Equity: FY2016:¥1,363,155 million

1,369,457
87.1
1,334,910
87.8
FY2015:¥1,328,483 million

7,031.79
6,825.27(3) Consolidated Cash Flow Position

2016
2015

Cash flows fromoperating activities

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash
equivalents at end of
periodMillions of yen

Millions of yen

Millions of yen

Millions of yen

121,713140,633(88,562)(112,677)(90,267)(169,572)

774,761
831,662

2. Dividends
Dividends per share(Cut-off date)

1st
Quarter

2nd
Quarter

3rd
Quarter

Yen

Yen

Yen

Year-end
Dividends Full year
Yen

Yen

Total
amount ofdividends(full year)

Payoutratio(consoli
dated)

Dividendstonet assets
Ratio

Millions of yen

%

%

2015
281.86208.21490.07
95,668
60.0
7.0
―
―
2016
186.20208.98395.1876,610
60.0
5.7
―
―
2017
―
―
―
―
―
―
(forecast)
Note: The forecasts of the 2nd quarter-end and year-end dividends for the year ending March 31, 2018, will be
disclosed promptly upon their availability.
3. Consolidated Financial Forecasts for the Year Ending March 31, 2018 (April 1, 2017 – March 31, 2018)(% 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
2nd Quarter(Cumulative)
Fiscal period

Millions of yen%

Millions of yen%

Millions of yen%

299,600

16.5

92,10017.5

92,10013.3

569,800

6.1

155,500

1.5

160,500(4.9)

Millions of yen%

Yen

66,90011.2

345.10116,900(8.5)

603.02*Notes(1) Changes in Significant Subsidiaries during the year ended March 31, 2017(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: Applicable

2. Changes in accounting principles other than 1: No

3. Changes in accounting estimates: No

4. Revisions/restatements: No

Note: For details, please see “4. Consolidated Financial Statements and Primary Notes (5) Notes toConsolidated Financial Statements (Changes in accounting principles)” on Page 16 in Attachment.

(3) Number of shares outstanding (Common shares)
1. Number of shares outstanding at the end of the period (including treasury stocks)
204,072,715
205,942,215
March 31, 2017
March 31, 2016
sharesshares
2. Number of treasury stocks
March 31, 201710,216,648
shares

3. Average number of shares during the period
Year ended March 193,882,295
shares31, 2017

March 31, 2016

11,300,237
sharesYear ended March
31, 2016

195,522,938
shares(Reference) Summary of Non-Consolidated Financial Results

1. Non-Consolidated Financial Results for the Year Ended March 31, 2017 (April 1, 2016 – March 31, 2017)(1) Non-Consolidated Results of Operations(% represents changes from the previous term.)
Net sales
Operating income
Ordinary income
Net income
Millions of yen

2016
2015

2016
2015

%

Millions of yen%

Millions of yen

399,111 (12.8)
457,479 (17.5)

107,979 (31.7)
158,045 (31.4)

Net income
per share

Net income
per share(diluted)

Yen

Yen

579.70716.46

141,733
190,242%(25.5)(28.1)

Millions of yen%

112,393 (19.8)
140,084 (22.7)-(2) Non-Consolidated Financial Position
Total assets

Net assets

Equity ratio

Net assets
per share

Millions of yen

Millions of yen

%

Yen

2016
1,271,871
1,155,279
90.8
2015
1,231,054
1,128,807
91.7(Reference) Equity: FY2016:¥1,155,279 million
FY2015:¥1,128,807 million

5,959.47
5,799.40＊ The report of the annual financial results is not subject to auditing.
＊ Any forecasts described in this report are subject to uncertain factors such as supply and demand trends,
industry competition, economic conditions, and others in major markets. Actual results may differ from these
forecasts. The forecasts of the 2nd quarter-end and the year-end dividends for the year ending March 31,
2018, will be disclosed promptly upon their availability.

Table of Contents of Accompanying Documents
1.

Overview of Business Results, etc.
(1) Overview of Business Results……………………………………….

2

for the Period Ending March 31, 2017……………………………..……. 2(2) Overview of Financial Status……………………………………………… 3(3) Overview of Cash Flow………………………………...……….…………. 4(4) Future Outlook……………...……………………………………………… 5(5) Basic Policy on Return of Profit to Shareholders andDividends for the Period Ending March 31, 20172.

……………...….. 5

Management Policy……………………………………………………………

6(1) Basic Management Policy………………………………………………..

6(2) Challenges…………………………………………………………………

6

3.

Basic Way of Thinking Regarding the Choice of Accounting Standards…

7

4.

Consolidated Financial Statements and Primary Notes...………………….

8(1) Consolidated Balance Sheet…………………………………………….
(2) Consolidated Statement of Income and8Consolidated Statement of Comprehensive Income………………..

9(3) Consolidated Statements of Changes in Shareholders’ Equity, Etc....

11(4) Consolidated Statement of Cash Flow……………………………….…
(5) Notes to Consolidated Financial Statements…………………………..

15
16(Note on the basis for the concern assumed to be ongoing) ………. 16(Changes in accounting principles) …………………………………… 16(Segment Information etc.) ..…………………………….…….…..…… 16(Information per share) ………………………………………….…..…. 17(Significant subsequent events) ……………………………………….
Supplement to Consolidated Financial Results

1171. Overview of Business Results, etc.
(1) Overview of Business Results for the Period Ending March 31, 2017
In the business environment surrounding the FANUC Group during this period, demand for capital
investment remained steady in the Americas and was generally unchanged in Japan and Europe. In
China and other Asian economies, there were signs of a recovery from around the end of the period.
Under these circumstances, the FANUC Group strived to make customers trust our products andservices to an even greater extent, by becoming united as one group under the slogans “one FANUC,”“Reliable / Predictable / Easy to Repair,” and “Service First” so that we can achieve further developmentin our business. In addition, as well as proceeding with the application of AI technology to our products,
we also accelerated our response to IoT mainly through preparations for the startup of FIELD system(FANUC Intelligent Edge Link and Drive system), and pressed forward with measures to stabilize anddevelop our future business.
During the fiscal year ended March 31, 2017, FANUC posted consolidated net sales totaling ¥536,942
million, down 13.9%, consolidated ordinary income totaling ¥168,829 million, down 26.4%, andconsolidated net income totaling ¥127,697 million, down 20.0%, compared with the previous fiscal year.
(Note): “Net income” in “Overview of Business Results, etc.” means “Net income attributable to ownersof parent” in the Consolidated Statement of Income.
Regarding capital investment of this period, we completed the construction of new factories for CNCs,
servo motors and others in Mibu-machi, Tochigi Prefecture. The production in these new factories wascommenced partially in October 2016. Furthermore, in order to respond to the growing demand for
robots in the future, we advanced acquisition of the site for a new robot factory in Chikusei-shi, Ibaraki
Prefecture. In addition, we proceeded also with the continued expansion of R&D facilities in order topursue “enhanced reliability” and “greater speed” in research and development.
During this period, the FANUC Robot CR-35iA, a green robot that can work together with humanoperators without safety fences, was awarded the 2016 Okochi Memorial Foundation Production Awardby the Okochi Memorial Foundation for being “a highly efficient assembly system as a result of
collaborative work between collaborating robots and humans.”
The following is a summary of the results for each business division:[FA Division]
The machine tool industry, the primary market for FANUC CNC systems, experienced an increase in
short-term demand in China at the beginning of the period as well as signs of an overall recovery trend in
China and other Asian economies from around the end of the period, despite the continuation of severe
difficulties mainly in Europe. Sales in Japan remained steady. Under these circumstances, net sales of
CNC systems of FANUC Group increased compared with the previous fiscal year.
FANUC laser sales were sluggish domestically and abroad.

2

The FA Division posted consolidated sales of ¥175,016 million, up 2.8% compared with the previous
fiscal year, and FA Division sales accounted for 32.6% of consolidated net sales.

[ROBOT Division]
Sales of robots remained steady in the Americas and in Europe, despite a trough in facility investmentsin the automobile industry, etc., during the first half of this period. In China, the growth of demand was
striking. In Japan, sales were favorable mainly to the automobile industry.
The Robot Division posted consolidated sales of ¥190,043 million, up 0.9% compared with the previous
fiscal year. Robot Division sales accounted for 35.4% of consolidated net sales.
[ROBOMACHINE Division]
Sales of the ROBODRILL (small machining center) remained steady for automobile and motorcycle
parts processing, and short-term IT-related demand began to show some movement from the fourth
quarter. However, sales declined compared with the previous fiscal year when there was a strong
contribution from short-term IT-related demand.
Sales of ROBOSHOTs (electric injection molding machine) remained generally unchanged, but
decreased slightly due to the lack of full-scale recovery of IT-related demand.
Sales of ROBOCUTs (wire-cut electric discharge machine) remained unchanged. The total ofaccumulated shipment volume at the end of March 2017 exceeded 30,000 units.
As a result, the ROBOMACHINE Division posted consolidated sales of ¥93,939 million, down 48.7%
compared with the previous fiscal year. ROBOMACHINE Division sales accounted for 17.5% ofconsolidated net sales.

[Service Division]
The Service Division, under our basic philosophy of “Service First,” offered rapid maintenance service
activities in order to minimize downtime in our customers’ factories, while providing high-level services
and practicing “life-long maintenance” throughout the world.
The Service Division posted consolidated sales of ¥77,944 million, down 4.8% compared with theprevious fiscal year. Service Division sales accounted for 14.5% of consolidated net sales.

(2) Overview of Financial Status
Total assets were ¥1,564,769 million, up ¥51,874 million compared with the end of the previous fiscal
year.
Total liabilities were ¥195,312 million, up ¥17,327 million compared with the end of the previous fiscal
year.
Total net assets were ¥1,369,457 million, up ¥34,547 million compared with the end of the previous

3fiscal year.
We cancelled our treasury shares exceeding the 5% of the total number of issued shares (1,869,500
shares, ¥13,379 million) on June 8, 2016 based on the new shareholder return policy we announced on
April 27, 2015. (There was no effect on the amount of total net assets.)(3) Overview of Cash Flow
Cash and cash equivalents (hereinafter “Cash”) for this fiscal year amounted to ¥774,761 million, down
¥56,901 million from the end of the previous fiscal year.
(Cash flow from operating activities)
Cash provided by operating activities during this period amounted to ¥121,713 million, down ¥18,920
million from the previous fiscal year. This was mainly due to the decrease in net income before income
taxes.
(Cash flow from investing activities)
Cash used in investing activities during this period amounted to ¥88,562 million, down ¥24,115 million
from the previous fiscal year. This was mainly due to the decrease in the purchases of property, plantand equipment.
(Cash flow from financing activities)
Cash used in financing activities during this period amounted to ¥90,267 million, down ¥79,305 million
from the previous fiscal year. This was mainly due to the decrease in dividends paid.

4(4) Future Outlook
In the foreseeable future, it is expected to remain strong in the American market, and show continued
signs of recovery in China and other Asian economies. The FANUC Group will firmly deal with thesedemands, as well as strive further to expand sales in Europe.
Despite these, however, as a result of foreign exchange movements, and concerns over geopoliticalrisks and other factors, the situation is expected to remain difficult and unpredictable as a whole.
The present forecast for consolidated financial results for the year ending March 31, 2018 is as follows:
Financial forecast for the year ending March 31, 2018
Amount(Millions of yen)
Net sales
Operating income
Ordinary income
Net income

Comparison with
Previous year (%)

569,800

6.1

155,500

1.5

160,500(4.9)

116,900(8.5)

Note: The currency rate applied to the period from April 1, 2017 to March 31, 2018 is averaged at 100
yen/US dollar and 110 yen/Euro.

(5) Basic Policy on Return of Profit to Shareholders and Dividends for the Period Ending March
31, 2017
Our basic policy of distributing profits to shareholders, announced on April 27, 2015, is as follows.
1. Dividends
In order to further enhance the distribution of profits to our shareholders in the long term, we havedecided to implement a dividend payout ratio of 60% of our consolidated net profit.
2. Share buybacks
We aim to buy back our own shares in a flexible manner depending on the level of our stock prices,taking into account the balance with our investment in growth, and where the Five-Year Average
Total Return Ratio(*) does not exceed 80%.
3. Retirement of treasury shares
We aim to limit the number of our treasury shares that we hold to a maximum of 5% of the total
number of issued shares. We will, as a general rule, retire any portion exceeding that limit every
fiscal year.

5(*) Five-Year Average Total Return Ratio means the ratio of the total combined amount of dividends andthe total amount of share buybacks, over the total amount of our consolidated net profit for a five-year
period.
Dividends for this period are scheduled as follows:
Secondhalf(forecast)First half

Full year(forecast)

Payout ratio

Current period (fiscal year
ended March 31, 2017)

Yen
186.20Yen
208.98Yen
395.1860.0%(Reference)Previous period (fiscal year
ended March 31, 2016)

Yen
281.86Yen
208.21

Yen
490.0760.0%

2. Management Policy(1) Basic Management Policy
FANUC was the first private company to succeed in the development of NC’s and servomechanism inJapan, and ever since this success in 1956, has consistently pursued automation in factories.
With its three pillars consisting of the FA business, which comprises FANUC’s basic technology of NC
and servos, the ROBOT and ROBOMACHINE businesses which apply this basic technology, FANUC
contributes to the manufacturing industry in Japan and overseas by promoting automation and efficiency
in manufacturing.
(2) Challenges
The FANUC Group will continue future-oriented management that is not affected by short-term events,
in order to achieve permanent prosperity of the Group.
Based on the fundamental thought and the slogan of “one FANUC,” the FANUC Group shall takemaximum advantage of our unique strength in uniting our FA, Robot and ROBOMACHINE divisions tojointly provide total solutions and take care of customers throughout the world.
In addition, the FANUC Group will adhere to its origins as a producer of equipment to be used in
manufacturing sites, and shall be thorough in implementing our slogan of, “Reliable / Predictable / Easy
to Repair” in product development, in order to minimize downtime in our customers’ factories andimprove operability. At the same time, as a supplier of capital goods, we will fulfill our supply
responsibility to customers by ensuring a production system that customers can rely on.
Furthermore, we shall practice our basic philosophy of “Service First” in providing high-level services
based on FANUC’s global standard anywhere in the world, and “lifetime maintenance” for as long as ourcustomers use our products.
FANUC believes that AI and IoT are indispensable technologies in order for the company to continue todevelop and launch highly competitive products in the market. By proactively adopting these6technologies to all areas of FA, Robots and ROBOMACHINES, we will further promote efficiency inmanufacturing by our customers.
By uniting in the promotion of these measures while continuing to ensure the practice of “precisenessand transparency,” the principle of FANUC since its foundation, in every aspect going forward, we will
make efforts to gain our customers’ confidence and trust even more, ensuring we endure as a company.

3. Basic Way of Thinking Regarding the Choice of Accounting Standards
In consideration of enabling the comparison of consolidated financial statements for designated periods
and comparison with other companies, FANUC will continue its policy of generating consolidated
financial statements according to Japanese standards.

7

4. Consolidated Financial Statements and Primary Notes(1) Consolidated Balance Sheet
March 31, 2016
AssetsCurrent assets
Cash and bank deposits
Notes and accounts receivable, tradeMarketable securities
Finished goods
Work in process
Raw materials and supplies
Deferred income taxes
Other current assets
Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment, at cost
Buildings
Machinery and equipment
Land
Construction in progress
Other noncurrent assets
Property, plant and equipment, net
Intangible assets
Investments and other assets
Investment securities
Deferred income taxes
Other intangible assets
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets
Liabilities
Current liabilities
Notes and accounts payable, 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 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
Non-controlling interests
Total net assets
Total liabilities and net assets

8(Millions of yen)March 31, 2017

686,662
100,307
145,000
52,736
39,206
11,124
23,107
16,196(1,568)1,072,770

629,761
120,787
145,000
60,58043,892
13,864
24,384
22,663(1,287)
1,059,644

97,821
27,484
131,800
85,917
9,038
352,060
3,875

195,765
41,668134,400
22,015
12,542406,390
4,687

65,80915,3842,998(1)84,190440,125
1,512,895

72,19518,9842,871(2)94,048505,125
1,564,769

24,815
17,1996,676
57,426106,116

36,011
22,994
6,994
54,716
120,715

68,346
3,523
71,869177,985

71,175
3,422
74,597
195,31269,01496,206
1,269,557(90,574)
1,344,203

69,01496,2081,307,254(90,677)
1,381,799

4,391
5,974
(26,085)(15,720)
6,427
1,334,910
1,512,895

8,594
(710)
(26,528)(18,644)
6,302
1,369,457
1,564,769

(2) Consolidated Statement of Income andConsolidated Statement of Comprehensive Income
Consolidated Statement of Income(Millions of yen)
Years ended March 31
2016
2017
Net sales

623,418

536,942

Cost of goods sold

326,912303,415Gross profit

296,506

233,527

Selling, general and administrative expenses

80,93980,310Operating income

215,567

153,217

Interest income

2,537

2,343

Dividends income

1,372

1,446

Equity in earnings of affiliates

11,494

10,022

Miscellaneous income

2,151

3,409

Total non-operating income

17,554

17,220Loss on sales and retirement of noncurrent assets

857

228

Expenses for disposal of fixed assets

135

239

Non-operating income

Non-operating expenses

Commission for purchase of treasury shares

1

224

383

513

Foreign exchange losses

2,090

-

Miscellaneous expenses

294

404

3,760

1,608

Ordinary income

229,361

168,829

Income before income taxes

229,361

168,829

Income taxes-current

66,12347,736

Income taxes-deferred

2,906(6,684)

Total taxes and others

69,02941,052

Net income

160,332

127,777

632

80

159,700

127,697

Donation

Total non-operating expenses

Net income attributable to non-controlling interests
Net income attributable to owners of parent

9Consolidated Statement of Comprehensive Income(Millions of yen)
Years Ended March 31
2016

2017

160,332

127,777

Valuation difference on available-for-sale securities(3,091)

4,203

Foreign currency translation adjustment(21,866)(2,076)

Remeasurements of defined benefit plans(15,337)(443)

Share of other comprehensive income of affiliates
accounted for using equity method(2,085)(4,527)

Total other comprehensive income(42,379)(2,843)Comprehensive income

117,953

124,934

117,873

124,774

80

160

Net income
Other comprehensive income

Comprehensive income attributable to:
Owners of parent
Non-controlling interests10(3) Consolidated Statement of Changes in Shareholders’ Equity, Etc.
Year ended March 31, 2016 (April 1, 2015 - March 31, 2016)(Millions of yen)
Shareholders' equity
Commonstock
Balance at March 31, 2015

Capitalsurplus69,014Retainedearnings

96,2771,500,635

Treasurystock(312,855)

Total
shareholders'equity1,353,071

Changes during this term:
Dividends of surplus
Net income attributable toowners of parent(151,385)(151,385)

159,700(17,194)
4

159,700(17,194)11

239,471-

Purchase of treasury stock
Disposal of treasury stock

7

Retirement of treasury stock(78)(239,393)

Change in treasury shares ofparent arising fromtransactions with
non-controlling shareholders-

Net change except
shareholders' equity during
this term
Total changes during this term
Balance at March 31, 2016

-

(71)

(231,078)

222,281(8,868)69,01496,206

1,269,557(90,574)

1,344,20311

Accumulated other comprehensive income
Total
accumulated
RemeasureForeign
Valuationotherments ofcurrency
difference on
available-forcomprehensive
definedexchange-sale
incomebenefit plansadjustment
securities
Balance at March 31, 2015
Changes during this term:
Dividends of surplus

7,482

29,372(10,748)

26,106

Noncontrollinginterests

7,518

Total net
assets1,386,695(151,385)

Net income attributable toowners of parent
Purchase of treasury stock
Disposal of treasury stock

159,700(17,194)
11

Retirement of treasury stock-

Change in treasury shares ofparent arising fromtransactions with
non-controlling shareholders-

Net change except
shareholders' equity during
this term(3,091)(23,398)(15,337)(41,826)(1,091)(42,917)

Total changes during this term

(3,091)(23,398)(15,337)(41,826)(1,091)(51,785)

Balance at March 31, 2016

4,391

5,974

(26,085)(15,720)

6,427

1,334,910

12

Year ended March 31, 2017 (April 1, 2016 - March 31, 2017)(Millions of yen)
Shareholders' equity
Commonstock
Balance at March 31, 2016

Capitalsurplus69,014Retainedearnings

96,206

1,269,557

Treasurystock(90,574)

Total
shareholders'equity1,344,203

Changes during this term:(76,623)

Dividends of surplus
Net income attributable toowners of parent(76,623)

127,697

Purchase of treasury stock
Disposal of treasury stock2

Retirement of treasury stock(2)

Change in treasury shares ofparent arising fromtransactions with
non-controlling shareholders

2(13,377)(13,483)1

127,697(13,483)3

13,379-2

Net change except
shareholders' equity during
this term
Total changes during this term
Balance at March 31, 2017-2

37,697(103)

37,59669,01496,2081,307,254(90,677)

1,381,799

13

Accumulated other comprehensive income
Total
accumulated
RemeasureForeign
Valuationotherments ofcurrency
difference on
available-forcomprehensive
definedexchange-sale
incomebenefit plansadjustment
securities
Balance at March 31, 2016
Changes during this term:
Dividends of surplus

4,391

5,974

(26,085)(15,720)

Noncontrollinginterests

6,427

Total net
assets1,334,910(76,623)

Net income attributable toowners of parent
Purchase of treasury stock
Disposal of treasury stock

127,697(13,483)3

Retirement of treasury stock-

Change in treasury shares ofparent arising fromtransactions with
non-controlling shareholders

2

Net change except
shareholders' equity during
this term

4,203(6,684)(443)(2,924)(125)(3,049)Total changes during this term

4,203

(6,684)(443)(2,924)(125)

34,547

Balance at March 31, 2017

8,594

(710)

(26,528)(18,644)

6,302

1,369,457

14

(4) Consolidated Financial Statements(Millions of yen)
Years Ended March 31
2016
2017
Cash flows from operating activities
Income before income taxes

229,361

168,829

Depreciation and amortization

21,106

26,530

(536)

(239)

Increase (decrease) in net defined benefit liability

21,311

3,178

Interest and dividend income(3,909)(3,789)Equity in (earnings) losses of affiliates, net(11,494)(10,022)(Increase) decrease in receivables, trade29,207(17,386)(Increase) decrease in inventories

1,602(16,519)

Increase (decrease) in payables, trade(13,749)

11,292Other(21,506)(6,470)Subtotal

251,393

155,404

Interest and dividends received

10,061

8,562(121,281)(43,039)460

786

140,633

121,713Purchases of property, plant, and equipment(102,008)(87,509)

Other(10,669)(1,053)

Net cash used in investing activities(112,677)(88,562)

Purchase of treasury stock(17,253)(13,481)

Dividends paid

(151,237)(76,505)(1,082)(281)

Net cash used in financing activities(169,572)(90,267)

Effect of exchange rate changes on cash and cash equivalents(17,958)

215

Net increase (decrease) in cash and cash equivalents(159,574)(56,901)

Cash and cash equivalents at beginning of year

991,236

831,662

Cash and cash equivalents at end of year

831,662

774,761

Increase (decrease) in allowance for doubtful accounts

Income taxes paid
Other
Net cash provided by operating activities
Cash flows from investing activities

Cash flows from financing activities

Other

15

(5) Notes to Consolidated Financial Statements(Note on the basis for the concern assumed to be ongoing)
Not applicable(Changes in accounting principles)
Following the amendment to the Corporation Tax Act, FANUC CORPORATION has adopted the“Practical Solution on a change in depreciation method due to Tax Reform 2016” (PITF No. 32,
June 17, 2016) in this consolidated fiscal year. The depreciation method for building fixtures andstructures purchased on or after April 1, 2016 has been changed from the declining-balancemethod to the straight-line method.
The impact of this change on operating income, ordinary income and income before income taxesof this consolidated fiscal year is ¥1,545 million increase each.

(Segment Information etc.)
1. Segment Information
Year ended March 31, 2016 (April 1, 2015 – March 31, 2016) andYear ended March 31, 2017 (April 1, 2016 – March 31, 2017)
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 CNC’s and servo motors in its entire products. For this reason, the decision
on investment is made, taking into consideration the statuses 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.
2. Relevant Information
Year ended March 31, 2017 (April 1, 2016 – March 31, 2017)(1)

Information by product and service
FA

Sales to outside
customers

175,016

Robot

Robomachine

190,043

93,939Service
77,944

Millions of yen
Total
536,942(2) Information by region◎ SalesJapan
The Americas
EuropeAsia
Others116,598
134,915
87,449194,698
3,282
Note: Sales are broken down by country or region where customers are located.
◎

Millions of yen
Total
536,942

Property, plant and equipment
As the property, plant and equipment located in Japan constitute more than 90% of those stated in
the consolidated balance sheet, the statement on the information about them is omitted.

16

(Information per share)
Fiscal year 2015
Fiscal year 2016
(April 1, 2015 – March 31, 2016)(April 1, 2016 – March 31, 2017)
Net assets per share
6,825.27 yen Net assets per share
7,031.79 yen
Net income per share
816.78 yen Net income per share
658.63 yen
Net diluted income per share is not stated Net diluted income per share is not stated herein
herein as there exist no dilutive shares.
as there exist no dilutive shares.
Note: Net income per share is calculated based on the following:
Fiscal year 2015

Fiscal year 2016

(April 1, 2015 – March 31, 2016)(April 1, 2016 – March 31, 2017)

159,700

127,697

159,700

127,697--

195,523

193,882

Net income attributable to owners ofparent (Millions of yen)
Net income attributable to owners ofparent, assigned to common share(Millions of yen)Amount not accruing to common shares(Millions of yen)
Average number of shares outstanding(Thousands of share)(Significant subsequent events)(Return of substitutional portion of employees’ pension fund)Upon resolution to return to the National Government the substitutional (future) portion of Employees’
Pension Fund at the board of representatives of the FANUC Employees’ Pension Fund held on
January 25, 2017, FANUC CORPORATION made an application to the Minister of Health, Labor andWelfare in January, 2017 for relief from the payment obligation for the substitutional portion for the
future, and has obtained his approval as of April 1, 2017. The impact, from return of the substitutional(future) portion, on the financial results for the year ending March 31, 2018 and thereafter is negligible.
The Company will carry out the procedures for return of the substitutional (past) portion of the
Employees’ Pension Fund sometime after the above approval. The impact, from return of thesubstitutional (past) portion, on the financial results is not yet fixed at present.

17Supplement to Consolidated Financial Results
1 Consolidated Results (April 1, 2016 ～ March 31, 2017)
1) Net income
127.7 billion yen (20% down from the previous fiscal year)2) Net sales

536.9 billion yen (14% down from the previous fiscal year)3) Operating income 153.2 billion yen (29% down from the previous fiscal year)
Ordinary income 168.8 billion yen (26% down from the previous fiscal year)
Ordinary income to net sales ratio 31.4%
4) Sales by GroupFA
Robot
Robomachine
Service5) Orders

175.0 billion yen (3% up from the previous fiscal year)
190.0 billion yen (1% up from the previous fiscal year)
93.9 billion yen (49% down from the previous fiscal year)
78.0 billion yen (5% down from the previous fiscal year)
560.7 billion yen (4% down from the previous fiscal year)

2 Consolidated Results Forecast for the Year ending March 31, 2018
(April 1, 2017 ～ March 31, 2018)
Net sales
569.8 billion yen (6% up from the same period last year)
Operating income
155.5 billion yen (2% up from the same period last year)
Ordinary income
160.5 billion yen (5% down from the same period last year)
Net income
116.9 billion yen (9% down from the same period last year)
3 Changes of Consolidated Financial Results (Hundred Millions of yen)

Net sales

Ordinary income
Net income

January-March
2016

April-June
2016

January-March
July-September
October2017
2016
December 2016

* “Net Income” in this Supplement means “Net income attributable to owners of parent.”18