(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, 2022
January 27, 2023
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 filing quarterly report: February 9, 2023
Scheduled date of commencing of dividend payments: Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session: Yes
1. Consolidated Financial Results for the Nine Months Ended December 31, 2022 (April 1, 2022 – December 31,2022)(1) Consolidated Results of Operations(% represents changes from the previous corresponding nine-month period.)
Net income
Nine months
ended
Net sales
Operating income
Ordinary income
attributable to owners
December 31of parent
Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen

2022
636,11317.7
147,158
5.2
177,795
10.1
129,8072021
540,25044.0
139,946 114.4
161,534
114.2
118,772
Note: Consolidated comprehensive income:April-December 2022: ¥166,818 million 21.0%
April-December 2021: ¥137,892 million 93.9%
Nine months
ended
December 31
2022
2021

Net income
per share
Yen

678.76619.20

%

9.3
114.6

Net income
per share(diluted)
Yen——(2) Consolidated Financial Position
Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen%

1,844,083
1,594,680
1,783,964
1,549,879(Reference) Equity: December 31, 2022: ¥1,583,174 million
December 31, 2022
March 31, 2022

85.9
86.1
March 31, 2022: ¥1,535,809 million

2. Dividends
Dividends per share
1st Quarter

2nd Quarter

3rd Quarter

Year-endDividends

Full yearYenYenYen

Yen

Yen

FY2022246.02239.68
485.70——FY2023
264.02——FY2023——(forecast)
Note: We have not changed the forecasts of dividends from the latest ones.
Note: The forecasts of year-end dividends for the year ending March 31, 2023 will be disclosed promptly upon
their availability.

3. Consolidated Financial Forecasts for the Year Ending March 31, 2023 (April 1, 2022 – March 31, 2023)(% represents changes from the previous fiscal year.)
Net income
Net income
Net sales
Operating income
Ordinary income
attributable toper shareowners of parent
Millions of yen%

Millions of yen%

Millions of yen%

Fiscal period
831,200
13.4
184,400
0.6
223,100
4.5
Note: We have changed the forecasts of financial results from the latest ones.

Millions of yen

164,000%

Yen

5.6

858.06*Notes(1) Changes in Significant Subsidiaries during the nine months ended December 31, 2022
(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 Reporting: No(3) Changes in Accounting Principles and Accounting Estimates, and Revisions/Restatements
1. Changes associated with changes in accounting standards

: No

2.

: No

Changes in accounting principles other than 1

3. Changes in accounting estimates: No

4. Revisions/restatements: No(4) Number of shares outstanding (Common shares)
1. Number of shares outstanding at the end of the period (including treasury stocks)
201,909,397
December 31, 2022
March 31, 2022
shares

201,909,397
shares

2. Number of treasury stocks at the end of the period
11,125,803
December 31, 2022
sharesMarch 31, 202210,089,875
shares

3. Average number of shares during the period
191,242,503
April-December 2022
sharesApril-December 2021

191,816,435
shares＊ The report of the quarterly financial results is not subject to audit by certified public accountant or audit firm.
＊ Notes on appropriate use of the financial forecasts, other notes.
Any forward looking statements such as financial forecasts described in this report are subject to uncertain
factors such as product supply and demand trends, industry competition, economic conditions, and others inmajor markets. Actual results may differ from these forecasts. For the details of the financial forecasts, pleasesee “Financial Results Forecasts” on page 3 of the Accompanying Documents. The year-end dividends for theyear ending March 31, 2023 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

3

2. Consolidated Quarterly Financial Statements(1)

Consolidated Quarterly Balance Sheet(2)

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

78

Changes in Significant Subsidiaries during the nine months
8Adoption of Simplified and Specifically Applied Accounting
Method for Quarterly Consolidated Financial Reporting

(3)

66

ended December 31, 2022
(2)

4

Consolidated Quarterly Statement of Income

3. Other Information(1)

48

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’ Equity8(6)Significant Subsequent Events811. Results of Operations and Financial Position(1) Results of Operations
Regarding the circumstances surrounding the FANUC Group during the first nine-month period of
the fiscal year ending March 31, 2023 (from April 1 to December 31, 2022), capital investment acrossthe entire manufacturing sector including automobile related sector, was active. However, the outlook
remained uncertain due to several factors, such as impact on production activities by shortage insemiconductors and other components in the supply chain, progressing inflation, and suddenfluctuations in foreign exchange rates.
Under these circumstances, the FANUC Group has striven to maintain the delivery of products andservice activities for our customers while aiming to prevent the spread of COVID-19. In particular, withregard to the shortages of semiconductors and other components, the entire company has done every
effort to minimize the impact of such shortages by taking measures such as utilizing alternative partsand even changing the design of our products.
During the nine months from April to December 2022, FANUC posted consolidated net sales totaling¥636,113 million, up 17.7%, consolidated ordinary income totaling ¥177,795 million, up 10.1%, andnet income attributable to owners of parent totaling ¥129,807 million, up 9.3%, compared with thecorresponding period of the previous fiscal year.
An overview of the results for each business division is as follows:
In the FA Division, overall demand from the machine tool industry, the primary market for CNC
systems, remained at a high level with the exception of China. Demand in China remained at the level
similar to those in the previous period. Sales of our CNC systems increased overall. Net sales in theFA Division amounted to ¥191,920 million, up 17.1% compared with the corresponding period of theprevious fiscal year.
In the Robot Division, sales in China remained very strong, mainly for EVs, logistics and renewableenergy-related industries. Sales in the United States were also strong for general industries and forautomobile industry with EV-related demand. Sales for general industries also remained strong inEurope. In Japan, sales remained at the level similar to those in the previous period. As a result, net
sales in the Robot Division amounted to ¥256,939 million, up 29.7% compared with the corresponding
period of the previous fiscal year.
In the Robomachine Division, sales of ROBODRILLs (compact machining centers) decreased due toa lull in demand from the personal computer, tablet, and smartphone markets, which had been strong.
ROBOSHOTs (electric injection molding machines) continued to post a high level of sales due tostrong demand from IT-related and medical markets. Sales of ROBOCUTs (wire electrical-dischargemachines) increased due to strong demand from IT-related and automobile component markets. As aresult, net sales in the Robomachine Division amounted to ¥104,274 million, down 4.5% comparedwith the corresponding period of the previous fiscal year.

2In the Service Division, with an emphasis on our policy of “Service First,” we are strengthening theservice system and improving efficiency by actively introducing IT technology. Net sales in the Service
Division amounted to ¥82,980 million, up 20.1% compared with the corresponding period of theprevious fiscal year.

(2) Financial Position
Total assets were ¥1,844,083 million, up ¥60,119 million compared with the end of the previous
fiscal year.
Total liabilities were ¥249,403 million, up ¥15,318 million compared with the end of the previous
fiscal year.
Total net assets were ¥1,594,680 million, up ¥44,801 million compared with the end of the previous
fiscal year.

(3) Financial Results Forecasts
While the Company anticipates the impact of the revision of the assumed currency rate in the fourth
quarter of the financial year and the impact of order adjustments in China and elsewhere in FA, thefinancial result has been stronger than planned at the time of the second quarter announcement.
Therefore, the Company changes the financial results forecasts for fiscal 2022 (the fiscal year ending
March 31, 2023) as follows.
For the fiscal year 2022 (April 1, 2022 through March 31, 2023)(Millions of yen)Previous forecast(released on
October 27, 2022)[A]

New forecast[B]

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

Net sales

805,700

831,200

3.2%

Operating income

181,700

184,400

1.5%

Ordinary income

217,000

223,100

2.8%

Net income
attributable to ownersof parent

159,500

164,000

2.8%

Note: The currency rate applied to the period from January 1, 2023 to March 31, 2023 is averaged at125 yen/US dollar and 135 yen/Euro.

3

2. Consolidated Quarterly Financial Statements(1) Consolidated Quarterly Balance Sheet(Millions of yen)

AssetsCurrent assets
Cash and bank deposits
Notes receivables, trade
Accounts receivable, tradeMarketable securities
Finished goods
Work in progress
Raw materials and supplies
Other current assets
Allowance for doubtful accounts
Total current assets

March 31, 2022

December 31, 2022

423,515
25,707
124,488
177,700
114,228
80,00655,33014,996(1,024)

515,699
24,770130,613
17,100
153,867
88,29889,076
21,269(1,422)

1,014,946

1,039,270

326,459
155,369
96,305322,899
157,417
106,410578,133

586,726

8,933

8,081

135,70946,668(425)

160,048
50,421(463)

181,952

210,006

769,018

804,813

1,783,964

1,844,083

Noncurrent assets
Property, plant and equipment
Buildings, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
OthersAllowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets

4

(Millions of yen)March 31, 2022

December 31, 2022

49,47337,572
10,73979,81875,111
15,431
11,70988,499177,602

190,750

51,693
4,790

52,922
5,731

56,48358,653

234,085

249,403

69,01496,082

69,01496,264

1,441,559(105,950)

1,474,882(126,251)

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

1,500,705

1,513,909

15,204

13,22536,087(16,187)

70,716(14,676)

35,104

69,265

14,07011,506

Total net assets

1,549,879

1,594,680

1,783,964

1,844,083

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

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, 2021

Nine months ended
December 31, 2022

Net sales
Cost of goods sold

540,250
319,416

636,113387,611Gross profit

220,834

248,502

Selling, general and administrative expenses

80,888101,344

Operating income

139,946

147,158

Non-operating income
Interest income
Dividends income
Equity in earnings of affiliates
Miscellaneous income

1,434
947
16,313
3,945

2,869
1,724
24,383
3,438

Total non-operating income

22,63932,414

249

612

55

656

205
288
254

236

Non-operating expenses
Removal expenses of noncurrent assets
Loss on sales and retirement of noncurrent
assetsDonations
Litigation settlement
Miscellaneous expenses
Total non-operating expenses

－
273

1,051

1,777

161,534

177,795

537

－

537

－

Income before income taxes

160,997

177,795

Income taxes-current
Income taxes-deferred

40,308(525)

52,838(7,546)

Total taxes and others

39,78345,292

Net income

121,214132,503

2,442

2,696

118,772

129,807

Ordinary income
Extraordinary losses
Loss from money transfer scam at foreignsubsidiary
Total extraordinary losses

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, 2021

Nine months ended
December 31, 2022

Net income
Other comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Share of other comprehensive income of affiliates
accounted for using equity method

121,214132,503(785)(1,980)

8,821
1,754

21,273
1,511

6,888

13,511

Total other comprehensive income
Comprehensive income for the nine months ended
December 31

16,67834,315

137,892

166,818

135,050
2,842

163,968
2,850

Comprehensive income attributable to:
Owners of parent
Non-controlling interests73. Other Information(1) Changes in Significant Subsidiaries during the nine months ended December 31, 2022
(changes in specific subsidiaries that caused change in scope ofconsolidation):
None(2) Adoption of Simplified and Specifically Applied Accounting Method
for Quarterly Consolidated Financial Reporting:None(3) Changes in Accounting Principles and Revisions/Restatements inAccounting Estimates:

None(4) Note on Premise of a Going Concern:

None(5) Note on the Substantial Change in Shareholders’ Equity:

None(6) Significant Subsequent Events(The stock split and the partial amendment to the Articles of Incorporation due to the stock split)
At the meeting of the Board of Directors held on January 27, 2023, the Company resolved toauthorize the stock split and the partial amendment to the Articles of Incorporation.
(1) Purpose of the stock split
The stock split aims to reduce the minimum investment price for the company's stock,increase the liquidity of the stocks, and to further expand the investor base.
(2) Overview of the stock split[1] Stock split method
On March 31, 2023, the record date of the stock split, each common share owned byshareholders listed or recorded in the shareholder registry will be split into five shares.
[2] Increase in the number of shares as a result of the stock split
Total number of shares outstanding as of December 31, 2022

201,909,397 shares

Increase in the number of shares as a result of the stock split

807,637,588 shares

Number of shares outstanding after the stock split

1,009,546,985 shares

Number of authorized shares after the stock split

2,000,000,000 shares[3] Stock split schedule
Date of public notice of the record date

March 16, 2023

Record date

March 31, 2023

Effective date

April 1, 2023

8

(3) Partial amendment to the Articles of Incorporation[1] Reason for amendment
Due to the stock split described above, the Company will amend the total number of sharesauthorized to be issued stipulated in Article 5 of the Articles of Incorporation effective April
1, 2023, by a resolution of the Board of Directors held on January 27, 2023, pursuant to theParagraph 2 of Article 184, of the Companies Act.
[2] Details of the amendment
The details of the amendment are as follows.
(Changes are underlined.)
After the amendment

Current Articles of Incorporation
Article 5 (Total Number of Shares Authorizedto Be Issued)
The total number of shares authorized tobe issued by the Company shall be fourhundred million (400,000,000) shares.

Article 5 (Total Number of Shares Authorized
to Be Issued)
The total number of shares authorized tobe issued by the Company shall be twobillion (2,000,000,000) shares.

[3] Amendment schedule
Effective date of amendment to the Articles of Incorporation

April 1, 2023

(4) Effect of the per share information
Income per share calculated as if the stock split had occurred at the beginning of the previous
consolidated fiscal year is as follows.
(Net income per share)
Nine months ended
December 31, 2021
Net income per share (yen)Nine months ended
December 31, 2022

123.84135.75(5) Others[1] Change in share capital
The above stock split shall not change the Company’s share capital.
[2] Dividend
The above stock split shall be effective as of April 1, 2023. The year-end dividend for theyear ending March 31, 2023 shall be paid based on the number of shares before the stocksplit.

9