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

Consolidated Quarterly Financial Results(based on Japanese standards)
For the nine months ended December 31, 2019
January 29, 2020
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 (Name) Keisuke Fujii TEL: (0555)84－5555
Scheduled date of filing quarterly report: February 7, 2020
Scheduled date of commencing of dividend payments: Availability of supplementary briefing material on quarterly financial results: Available
Schedule of quarterly financial results briefing session: Scheduled
1. Consolidated Financial Results for the Nine Months Ended December 31, 2019 (April 1, 2019 – December 31,2019)(1) Consolidated Results of Operations(% represents changes from the previous corresponding Nine-month period.)
Net income
Nine months
endedNet sales
Operating income
Ordinary income
attributable to owners
December 31of parent
Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen(47.1)
2019(22.1)
68,614(48.8)
79,70456,522
386,4732018(18.9)
496,112(7.4)
134,101(20.8)
150,537
128,751
Note: Consolidated comprehensive income:April-December 2019
¥49,060 million (59.9)%
April-December 2018
¥122,484 million (25.1)%
Nine monthsended
December 312019
2018

Net income
per share

Net income
per share(diluted)

Yen

Yen

294.07664.23(2) Consolidated Financial Position
Total assets
Millions of yen%

(56.1)(5.5)——Net assets

Equity ratio

Millions of yen%

1,503,103
1,355,634
1,625,340
1,445,146(Reference) Equity: December 31, 2019: ¥1,347,774 million

December 31, 2019
March 31, 2019

89.7
88.5
March 31, 2019: ¥1,437,775 million

2. Dividends
Dividends per share
1st Quarter

2nd Quarter

3rd Quarter

Year-end
Dividends

Full year

Yen

Yen

Yen

YenYenFY2018
404.92
1,003.11――598.19
FY2019――125.35FY2019――(forecast)
Note: We have not changed the forecasts of dividends from the latest ones.
Note: The 2nd quarter-end dividends for the year ended March 31, 2019 consist of ordinary dividends of ¥252.87
and special dividends of ¥345.32.
Note: The year-end dividends for the year ended March 31, 2019 consist of ordinary dividends of ¥224.34 andspecial dividends of ¥180.58.
Note: The forecasts of year-end dividends for the year ending March 31, 2020 will be disclosed promptly upon
their availability.

3. Consolidated Financial Forecasts for the Year Ending March 31, 2020 (April 1, 2019 – March 31, 2020)(% represents changes from the previous fiscal year)
Net income
Net income
Net sales
Operating income
Ordinary income
attributable toper shareowners of parent
Fiscal period

Millions of yen%

506,700(20.3)

Millions of yen

80,600%(50.6)

Millions of yen

91,900%(49.9)

Millions of yen%

Yen

65,900 (57.3)

343.00Note: We have changed the forecasts of financial results from the latest ones.
*Notes(1) Changes in Significant Subsidiaries during the period(changes in specific subsidiaries that caused change in scope of consolidation) :No(2) Adoption of Simplified and Specifically Applied Accounting Method for Quarterly:
Consolidated Financial ReportingNo(3) Changes in Accounting Principles and Accounting Estimates, and Revisions/Restatements
1. Changes associated with changes in accounting standards: Yes

2. Changes in accounting principles other than 1: No

3. Changes in accounting estimates: No

4. Revisions/restatements: No

Note: For details, please see “3. Other Information (3) Changes in Accounting Principles and Accounting
Estimates, and Revisions/Restatements” on Page 8 in Attachment.
(4) Number of shares outstanding (Common shares)
1. Number of shares outstanding at the end of the period (including treasury stocks)
204,031,841
December 31, 2019
March 31, 2019
shares
2. Number of treasury stocks
December 31, 201912,131,377
shares

3. Average number of shares during the period
April-December 2019 192,206,650
shares204,040,771
sharesMarch 31, 201910,210,522
sharesApril-December 2018

193,835,133
shares＊ The report of the quarterly financial results is not subject to audit by certified public accountant or audit firm.
＊ Any forecasts described in this report are subject to uncertain factors such as supply and demand trends,industry competition, economic conditions, and others in major markets. Actual results may differ from theseforecasts. The forecasts of the year-end dividends for the year ending March 31, 2020, will be disclosed
promptly upon their availability.

Table of Contents of Accompanying Documents

1．Results of Operations and Financial Position

2(1)Results of Operations

2(2)Financial Position

3(3)Financial Results Forecasts

32．Consolidated Quarterly Financial Statements(1)

Consolidated Quarterly Balance Sheet(2)

Consolidated Quarterly Statement of Income and4

Consolidated Quarterly Statement of Comprehensive Income

6Consolidated Quarterly Statement of Income

6Consolidated Quarterly Statement of Comprehensive Income

7

3．Other Information

8(1)Changes in Significant Subsidiaries During the Period(2)

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

(3)

488

Changes in Accounting Principles and Accounting Estimates, andRevisions/Restatements

8(4)Note on Premise of a Going Concern8(5)Note on the Substantial Change in Shareholders’ Equity811. Results of Operations and Financial Position(1) Results of Operations
The FANUC Group’s consolidated results for the first three quarters (from April 1 to December 31, 2019)are as follows.
In the FA Division, demand for machines in the machine tool industry, the primary market for FANUC
CNC systems, declined in the Chinse market due to the impact of the trade friction between the UnitedStates and China, and demand for machines also dropped in Taiwan, which is heavily dependent on theChinese market. Demand in South Korea, as well as India which had performed relatively solid, remainedsluggish due to weak domestic demand primarily for automobiles, and other factors. In the face of theworldwide restraining of capital investments, demand declined in Europe and Japan as well. Across theworld, automobile-related investment, which greatly impacts demand for machines, was stagnant, despite
strength in some fields including aerospace, medical, and construction materials. With regard to our lasers,
although we continued focusing efforts on expanding sales, competition with overseas manufacturers has
been intensifying. As a result, net sales in the FA Division declined compared with the corresponding periodof the previous fiscal year.
In the Robot Division, although sales increased both for the automobile industry and for the generalindustries in Japan and remained solid in the Americas, sales in China and Europe both for the automobile
industry and for the general industries remained sluggish. As a result, sales in the Robot Division decreased
compared with the corresponding period of the previous fiscal year.
In the Robomachine Division, sales of the ROBODRILLs (compact machining centers) decreased
compared with the corresponding period of the previous fiscal year when the short-term demand in theIT-related industry still existed, despite our efforts to expand sales, as the market for automobile partsindustry also slowed down. Sales of the ROBOSHOTs (electric injection molding machines) slightlydecreased, although we focused efforts on expanding sales mainly to automobile parts and medical markets.
With regard to the ROBOCUTs (wire-cut electric discharge machines), sales also declined compared withthe corresponding period of the previous fiscal year, mainly in the China market.
Under these circumstances, to continue management from a medium to long-term perspective, theFANUC Group is promoting initiatives that allow our customers to build and maintain a highly reliable,maintainable, efficient, and innovative production system without anxiety through our products and services,by uniting as one group under the slogans “one FANUC,” “Reliable” “Predictable” “Easy to Repair,” and“Service First.” Furthermore, as IoT initiatives, we installed the FIELD systems (FANUC Intelligent Edge Linkand Drive system), an open platform for manufacturing sites, at our own factories, and are making efforts toextend functionality and enrich applications (including those made by partner companies), while proceedingwith the application of AI technology to our products. In addition, the furtherance of integration among CNC,Robot, and Robomachine is set out as one of our important initiatives. Amid the current harsh market
condition we are steadily strengthen our corporate structure by focusing on the enhancement of productcompetitiveness, strengthening of sales and service activities, automation and robotization of factories, andby reducing expenses and worktime, rationalizing of business operations and reviewing equipment
installation plans according to urgency and necessity.
As a result, during the nine months from April to December 2019, FANUC posted consolidated net sales
totaling ¥386,473 million, down 22.1%, consolidated ordinary income totaling ¥79,704 million, down 47.1%,
and consolidated net income totaling ¥56,522 million, down 56.1%, due to recording of impairment loss on2

idle assets as an extraordinary loss and other factors, compared with the corresponding period of theprevious fiscal year.
Looking at the performance by business group, the FA Division posted consolidated sales totaling¥109,412 million, down 34.4%, the Robot Division posted consolidated sales totaling ¥152,502 million, down8.8%, the Robomachine Division posted consolidated sales totaling ¥57,967 million, down 38.1%, and theService Division posted consolidated sales totaling ¥66,592 million, down 2.9%, compared with thecorresponding period of the previous fiscal year.
(Note): “Net income” in “Results of Operations and Financial Position” means “Net income
attributable to owners of parent” in the Consolidated Statement of Income.

(2) Financial Position
Total assets were ¥1,503,103 million, down ¥122,237 million compared with the end of the previous fiscalyear.
Total liabilities were ¥147,469 million, down ¥32,725 million compared with the end of the previous fiscalyear.
Total net assets were ¥1,355,634 million, down ¥89,512 million compared with the end of the previousfiscal year.
We cancelled our treasury shares exceeding 5% of the total number of issued shares (8,930 shares, ¥88million) on May 31, 2019 based on the shareholder return policy that we announced on April 24, 2019. (Thispolicy is written in the Consolidated Annual Financial Results for the Year ended March 31, 2019) (Therewas no effect on the amount of total net assets.)(3) Financial Results Forecasts
It is anticipated that the situation will remain difficult and unpredictable in general, due to uncertain factors
such as trade policies of countries and foreign exchange fluctuations including the impact of the trade friction
between countries and regions, and geopolitical risks.
The present forecast for consolidated financial results for the year ending March 31, 2020 is as follows:
For the fiscal year 2019 (April 1, 2019 through March 31, 2020)(Millions of yen)Previous forecast(released on
October 28, 2019)

New forecast

Comparison with
Previous forecast (%)

Net sales

504,500

506,700

0.4

Operating income

69,10080,60016.6

Ordinary income

80,50091,90014.2

Net income

57,90065,90013.8

Note: The currency rate applied to the period from January 1, 2020 to March 31, 2020 is averaged at 100yen/US dollar and 115 yen/Euro.

3

2. Consolidated Quarterly Financial Statements(1) Consolidated Quarterly Balance Sheet(Millions of yen)March 31, 2019

December 31, 2019

Cash and bank deposits

607,155

392,973

Notes and accounts receivables, trade106,204

95,214Marketable securities

15,000126,700

Finished goods

71,04265,094Work in progress

55,17452,787

Raw materials and supplies

29,93025,715

Other current assets

24,302

9,912

Allowance for doubtful accounts(1,123)(950)

907,684

767,445

Buildings

301,179

310,750Land

145,885

146,787

Other, net127,512

139,533

Total property, plant and equipment

574,576

597,070

9,603

9,721

Investment securities

86,67486,262Others47,25943,057

(456)

(452)

133,477

128,867

717,656

735,658

1,625,340

1,503,103

AssetsCurrent assets

Total current assets
Noncurrent assets
Property, plant and equipment

Intangible assets
Investments and other assets

Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets

4

(Millions of yen)March 31, 2019

December 31, 201936,567
15,007
8,215
75,27829,7305,271
8,654
57,515

Total current liabilities

135,067

101,170

Long-term liabilities
Net defined benefit liability
Other long-term liabilities

42,0973,030

42,358
3,941

Total long-term liabilities

45,127

46,299180,194

147,469

69,01496,26569,01496,265Retained earnings
Treasury stock, at cost

1,380,439(91,040)

1,334,332(126,796)

Total shareholders' equity

1,454,678

1,372,815

9,111

9,639

(6,677)(19,337)(17,170)(17,510)(16,903)(25,041)

7,371

7,860

1,445,146

1,355,634

1,625,340

1,503,103

Liabilities
Current liabilities
Notes and accounts payables, trade
Accrued income taxes
Warranty reserves
Other current liabilities

Total liabilities
Net assets
Shareholders' equity
Common stock
Capital surplus

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
Total net assets
Total liabilities and net assets

5(2) Consolidated Quarterly Statement of Income andConsolidated Quarterly Statement of Comprehensive Income
Consolidated Quarterly Statement of Income(Millions of yen)
Nine months ended
December 31, 2018

Nine months ended
December 31, 2019

Net sales
Cost of goods sold496,112285,487

386,473
246,931

Gross profit

210,625

139,542

Selling, general and administrative expenses

76,52470,928Operating income

134,101

68,614Equity in earnings of affiliates
Miscellaneous income

3,087
1,365
11,235
3,764

2,958
1,260
6,756
1,923

Total non-operating income

19,451

12,897

Removal expenses of noncurrent assets
Foreign exchange losses
Miscellaneous expenses

1,616
−
1,399

822
471
514

Total non-operating expenses

3,015

1,807

Ordinary income

150,537

79,704Extraordinary income
Gain on transfer of benefit obligation relating toemployees' pension fundTotal extraordinary income

25,081−

25,081−Non-operating income
Interest income
Dividends income

Non-operating expenses

Extraordinary losses
Impairment loss
Total extraordinary losses－1,973－

1,973

Income before income taxes

175,618

77,731

Income taxes-current
Income taxes-deferred

41,035
5,507

17,8782,387Total taxes and others

46,542

20,265

Net income

129,076

57,466325

944

128,751

56,522

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

6Consolidated Quarterly Statement of Comprehensive Income(Millions of yen)
Nine months ended
December 31, 2018

Nine months ended
December 31, 2019

Net income

129,076

57,466

Other comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment(6,423)528

Remeasurements of defined benefit plans
Share of other comprehensive income of affiliatesaccounted for using equity method
Total other comprehensive income
Comprehensive income for the nine months ended
December 31956(7,009)

1,997

1,827

(3,122)(3,752)(6,592)(8,406)

122,484

49,060122,186

48,384298

676

Comprehensive income attributable to:
Owners of parent
Non-controlling interests73. Other Information(1) Changes in Significant Subsidiaries during the period(changes in specific subsidiaries that caused change in scope of
consolidation):

None(2) Adoption of Simplified and Specifically Applied Accounting Method
for Quarterly Consolidated Financial Reporting:None(3) Changes in Accounting Principles and Accounting Estimates, andRevisions/Restatements:(Changes in Accounting Principles)
Subsidiaries which adopt the International Financial Reporting Standards have adopted IFRS
16 Leases (hereinafter referred to as “IFRS 16”) since the three months ended June 30,
2019. As a result, lessees have recorded all leases, in principle, as assets and liabilities inthe balance sheet. The adoption of IFRS 16 is subject to transitional treatment, and thecumulative effect of the change in the accounting policy was recorded in retained earnings at
the beginning of the three months ended June 30, 2019.
The impact of the adoption of this accounting standard on the consolidated quarterly financial
statements is immaterial.
(4) Note on Premise of a Going Concern:

None(5) Note on the Substantial Change in Shareholders’ Equity:
As resolved at the Board of Directors’ meetings held on April 24, July 29, and October 28, 2019,
the Company repurchased 1,923,000 shares of its common stock. As a result, including theincrease resulting from the repurchase of shares less than one unit, its treasury stock increasedby ¥35,756 million during the nine months ended December 31, 2019, and was ¥126,796 million
as of December 31, 2019.

8