(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, 2018
April 26, 2018
Company name: FANUC CORPORATION
Stock exchange listing: Tokyo Stock Exchange
Stock code:
6954
URL: https://www.fanuc.co.jp/
Representative: (Title) Chairman(Name) Yoshiharu Inaba
Contact:(Title) Manager, Public Relations (Name) Keisuke Fujii TEL: (0555)84－5555
Scheduled date for the Annual Meeting of Shareholders: June 28, 2018
Scheduled date for commencement of dividend payments: June 29, 2018
Scheduled date for submitting the Securities Report: June 29, 2018
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, 2018 (April 1, 2017 – March 31, 2018)(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%YoYchange%Millions of yen

FY2017
726,59635.3
229,604
49.9
249,52547.8
181,957
42.5
FY2016536,942(13.9)
153,217(28.9)
168,829(26.4)
127,697(20.0)
Note: Consolidated comprehensive income: FY2017:¥189,406 million 51.6% FY2016:¥124,934 million 5.9%
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

%

%

%

FY2017938.66—12.9
15.2
FY2016658.63—
9.5
11.0(Reference) Equity in earnings of affiliates: FY2017: ¥16,307 million
FY2016: ¥10,022 million

31.6
28.5

(2) Consolidated Financial Position
Total assets

Net assets

Equity ratio

Net assets
per share

Millions of yen

Millions of yen%

Yen

FY2017
1,729,080
FY2016
1,564,769(Reference) Equity: FY2017: ¥1,461,590 million

1,467,630
84.5
1,369,457
87.1
FY2016: ¥1,363,155 million

7,540.24
7,031.79(3) Consolidated Cash Flow Position

FY2017FY2016

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

175,990
121,713(130,257)(88,562)(93,097)(90,267)

725,903774,761

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)

Millions of yen%

Dividends-tonet assets
Ratio(consolidated)%

FY2016186.20208.98395.1876,61060.0
5.7――
FY2017265.45297.75563.20109,173
60.0
7.7
―
―
FY2018――――――(forecast)
Note: The forecasts of the 2nd quarter-end and year-end dividends for the year ending March 31, 2019, will be
disclosed promptly upon their availability.
3. Consolidated Financial Forecasts for the Year Ending March 31, 2019 (April 1, 2018 – March 31, 2019)(% 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%

Millions of yen%

Millions of yen%

Millions of yen%

Yen

2 Quarter(Cumulative)

321,300(7.6)

84,100 (21.7)

88,000 (25.7)

65,800 (23.3)

339.46

Fiscal period

634,200(12.7)

151,700 (33.9)

163,800 (34.4)

137,700 (24.3)

710.38nd*Notes(1) Changes in Significant Subsidiaries during the year ended March 31, 2018(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)
204,059,017
March 31, 2018
March 31, 2017
shares
2. Number of treasury stocks
March 31, 201810,220,284
shares

3. Average number of shares during the period
193,847,191
Year ended
sharesMarch 31, 2018

204,072,715
sharesMarch 31, 201710,216,648
sharesYear ended
March 31, 2017

193,882,295
shares(Reference) Summary of Non-Consolidated Financial Results

1. Non-Consolidated Financial Results for the Year Ended March 31, 2018 (April 1, 2017 – March 31, 2018)(1) Non-Consolidated Results of Operations(% represents changes from the previous term.)
Net sales
Operating income
Ordinary income
Net income
Millions of yen

FY2017FY2016FY2017FY2016%

Millions of yen%

572,963 43.6
399,111 (12.8)

174,880 62.0
107,979 (31.7)

Net income
per share

Net income
per share(diluted)

Yen

Yen

761.75579.70Millions of yen

196,196
141,733%

38.4(25.5)

Millions of yen%

147,664 31.4
112,393 (19.8)——(2) Non-Consolidated Financial Position
Total assets

Net assets

Equity ratio

Net assets
per share

Millions of yen

Millions of yen%

Yen

FY2017
1,397,384
1,215,001
86.9
FY2016
1,271,871
1,155,279
90.8(Reference) Equity: FY2017: ¥1,215,001 million
FY2016: ¥1,155,279 million

6,268.10
5,959.47＊ The report of the annual financial results is not subject to auditing performed by certified public accountant oraudit 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 these
forecasts. The forecasts of the 2nd quarter-end and the year-end dividends for the year ending March 31,
2019, 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

4(3)

Overview of Cash Flows

4(4)

Future Outlook

4(5)

Basic Policy on Return of Profit to Shareholders andDividends for the Period ended March 31, 2018

２．Management Policy

5

7

(1)

Basic Management Policy

7(2)

Challenges

7

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

15

(5)

Notes to Consolidated Financial Statements

16（Note on premise of a going concern）

16（Segment information, etc.）

16（Per share data）

17（Significant subsequent events）

171

1. Overview of Results of Operations and Financial Position(1) Overview of Results of Operations

In the business environment surrounding the FANUC Group during this period, demands
generally remained favorable in all regions, such as Japan, the Americas, Europe, and Asia.
Particularly, demands for capital investment were robust in China.
Under these circumstances, the FANUC Group promoted initiatives allowing our customers toeasily build and maintain a highly reliable, efficient, and innovative production system with our
products and services, by uniting as one group under the slogans “one FANUC,” “Reliable”“Predictable” “Easy to Repair,” and “Service First.” In addition, while proceeding with the applicationof AI technology to our products, in October 2017, we started operation in Japan of the FIELD
system (FANUC Intelligent Edge Link and Drive system), an open platform in which various
companies can participate, as an IoT initiative.

During the fiscal year ended March 31, 2018, FANUC posted consolidated net sales totaling¥726,596 million, up 35.3%, consolidated ordinary income totaling ¥249,525 million, up 47.8%, andconsolidated net income totaling ¥181,957 million, up 42.5%, compared with the previous fiscal year.
(Note): “Net income” in “Overview of Results of Operations and Financial Position” means “Net
income attributable to owners of parent” in the Consolidated Statements of Income.

Furthermore, to meet the increasing demand for robots, we engaged in initiatives to reinforce our
production capacity, including the construction of the robot factory in Chikusei, Ibaraki Prefecture.
During this period, the “FIELD system,” an open platform for the manufacturing industry aimed atfurther improvement in productivity and efficiency in the manufacturing sector, won the “Nikkan
Kogyo Shimbun Best 10 New Product Awards 2017/Masuda Award” and the “Nikkei Business Daily
Awards for Excellence / 2017 Nikkei Superior Products and Services Awards.”

The following is a summary of the results for each business division:[FA Division]
Demands in the machine tool industry, the primary market for FANUC CNC systems, remained
favorable in Japan, China, Europe, India, and other countries. Sales in other Asian countries werealso steady. As a result, net sales of CNC systems of the FANUC Group increased sharply
compared with the previous fiscal year. The total of accumulated shipment volume at the end of
March 2018 exceeded 4 million units.
With regard to our lasers, although sales remained sluggish both domestically and abroad, we
continued focusing efforts on expanding sales of fiber laser oscillators.
2

The FA Division posted consolidated sales totaling ¥222,254 million, up 27.0% compared with theprevious fiscal year, and FA Division sales accounted for 30.6% of consolidated net sales.

[ROBOT Division]
In the Robot Division, sales remained favorable in the Americas, Europe, and China. Particularly,
demand in China was robust. Sales also remained steady in Japan. As a result, sales in the Robot
Division increased sharply compared with the previous fiscal year. The total of accumulated
production volume at the end of November 2017 exceeded 500,000 units.
The ROBOT Division posted consolidated sales totaling ¥227,827 million, up 19.9% comparedwith the previous fiscal year. ROBOT Division sales accounted for 31.3% of consolidated net sales.

[ROBOMACHINE Division]
Sales of the ROBODRILLs (compact machining centers), ROBOSHOTs (electric injection
molding machines), and ROBOCUTs (wire-cut electric discharge machines) were steady for the
automobile industry and also robust in general for the IT-related industry, with short-term demand
active, especially in China and other countries. Accordingly, sales increased significantly comparedwith the previous fiscal year.
The ROBOMACHINE Division posted consolidated sales totaling ¥190,182 million, up 102.5%
compared with the previous fiscal year. ROBOMACHINE Division sales accounted for 26.2% ofconsolidated net sales.

[Service Division]

The Service Division, under our slogan “Service First,” offered rapid maintenance service
activities to minimize downtime in our customers’ factories in 107 countries around the world, where
we provide maintenance (as of March 31, 2018), while reinforcing our service system, enhancing ourservice technology, improving our service tools, and enhancing efficiency through the introduction of
IT technology.
Furthermore, by opening the new Nagoya Service Center as part of reinforcements of our service
system, we have established a network of multiple bases of call centers and parts centers together
with the Hino Branch, which will allow us to provide quick service to our customers even during
disasters.
The Service Division posted consolidated sales totaling ¥86,333 million, up 10.8% compared withthe previous fiscal year. Service Division sales accounted for 11.9% of consolidated net sales.

3(2) Overview of Financial Position
Total assets were ¥1,729,080 million, up ¥164,311 million compared with the end of the previous
fiscal year.
Total liabilities were ¥261,450 million, up ¥66,138 million compared with the end of the previous
fiscal year.
Total net assets were ¥1,467,630 million, up ¥98,173 million compared with the end of theprevious fiscal year.
We cancelled our treasury shares exceeding the 5% of the total number of issued shares (13,698
shares, ¥98 million) on May 31, 2017 based on the shareholder return policy we announced on April
27, 2015. (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 ¥725,903 million,
down ¥48,858 million from the end of the previous fiscal year.

(Cash flows from operating activities)
Cash provided by operating activities during this period amounted to ¥175,990 million, up¥54,277 million from the previous fiscal year. This was mainly due to the increase in income before
income taxes.

(Cash flows from investing activities)
Cash used in investing activities during this period amounted to ¥130,257 million, up ¥41,695
million from the previous fiscal year. This was mainly due to the increase in the purchases ofproperty, plant and equipment.
(Cash flows from financing activities)
Cash used in financing activities during this period amounted to ¥93,097 million, up ¥2,830 million
from the previous fiscal year. This was mainly due to the increase in dividends paid.

(4) Future Outlook

Short-term demand in the IT-related industry, which was robust in fiscal 2017, is expected todecelerate in fiscal 2018. It is also anticipated that the situation will remain difficult and unpredictablein general, due to uncertain factors including continuing trade friction between countries and its
impact, as well as foreign exchange fluctuations.
The present forecast for consolidated financial results for the year ending March 31, 2019 is asfollows:
4

Financial forecast for the year ending March 31, 2019
Amount(Millions of yen)Comparison with
Previous year (%)

Net sales

634,200(12.7)

Operating income

151,700(33.9)

Ordinary income

163,800(34.4)Net income

137,700(24.3)

Note: The currency rate applied to the period from April 1, 2018 to March 31, 2019 is averaged at
100 yen/US dollar and 125 yen/Euro.

(5) Basic Policy on Return of Profit to Shareholders and Dividends for the Period ended March
31, 2018
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
have decided to implement a dividend payout ratio of 60% of our consolidated net income.

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%.

(*) Five-Year Average Total Return Ratio means the ratio of the total combined amount ofdividends and the total amount of share buybacks, over the total amount of our consolidated
net income for a five-year period.

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Dividends for this period are scheduled as follows:
Second half(forecast)First half

Full year(forecast)

Payout ratio

Current period (fiscal year
ended March 31, 2018)

Yen
265.45Yen
297.75

Yen
563.2060.0%(Reference)Previous period (fiscal year
ended March 31, 2017)

Yen
186.20Yen
208.98Yen
395.1860.0%

6

2. Management Policy(1) Basic Management Policy
FANUC was the first private company to succeed in the development of NC’s and servomechanism
in Japan, 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 ofNC and servos, the ROBOT and ROBOMACHINE businesses which apply this basic technology,
FANUC contributes to the manufacturing industry in Japan and overseas by promoting automationand efficiency in manufacturing.

(2) Challenges

The FANUC Group, looking ahead to the future, will continue management that is based on along-term perspective and not affected by short-term events.

Based on this fundamental approach and the slogan “one FANUC,” the FANUC Group will takemaximum advantage of our unique strength in uniting our FA, ROBOT, and ROBOMACHINE
divisions to jointly provide total solutions and please customers throughout the world.
In addition, the FANUC Group will adhere to its origins as a producer of equipment to be used at
manufacturing sites and will be thorough in implementing our slogan “Reliable” “Predictable” “Easy toRepair” in product development, to minimize downtime in our customers’ factories and improve theiroperation rates. At the same time, as a supplier of capital goods, we will fulfill our supplier
responsibility to customers by ensuring a production system that customers can rely on.
Furthermore, we will practice our basic policy of “Service First” in providing high-level services
pursuant to FANUC’s global standard anywhere in the world and “lifetime maintenance” for as longas our customers use our products.
FANUC believes that AI and IoT are indispensable technologies for FANUC to continue
developing and launching highly competitive products on the market. By proactively adopting thesetechnologies in all areas of the FA, ROBOT, and ROBOMACHINE products, we will further promotecustomers’ production efficiency.

In addition to the above policy for the long term, the FANUC Group will make every effort toreinforce its R&D capabilities, increase the production capacity of its factories, and enhance its
service system, in an effort to bolster the Group’s competitiveness and increase its market share.
7

United as one group in the promotion of these measures, we will continue to ensure the practiceof “Strict Preciseness and Transparency,” FANUC’s principle since its foundation, and make efforts
to gain more customer confidence and trust in the FANUC Group and become a company that willcontinue 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.

8

4. Consolidated Financial Statements and Primary Notes(1) Consolidated Balance Sheets(Millions of yen)March 31, 2017

March 31, 2018

Cash and bank deposits

629,761

602,329

Notes and accounts receivables, trade120,787

175,460

Marketable securities

145,000

145,000

Finished goods

60,58071,680Work in progress

43,89256,405

Raw materials and supplies

13,86422,033

Deferred income taxes

24,384

26,483

Other current assets

22,66330,030Allowance for doubtful accounts(1,287)(1,424)

1,059,644

1,127,996

Buildings

195,765

230,204

Machinery and equipment

41,66844,484Land

134,400

143,036

Construction in progress

22,01554,654

Other noncurrent assets

12,542

13,499Property, plant and equipment, net

406,390

485,877

4,687

7,064

Investment securities

72,19589,946

Deferred income taxes

18,984

15,245

Others

2,871

3,323

(2)

(371)

94,048108,143

505,125

601,084

1,564,769

1,729,080

AssetsCurrent assets

Total current assets
Noncurrent assets
Property, plant and equipment, at cost

Intangible assets
Investments and other assets

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

9

(Millions of yen)March 31, 2017

March 31, 2018

36,011
22,994
6,994
54,71652,901
46,466
7,047
84,656

120,715

191,070

71,175
3,422

67,562
2,818

74,59770,380195,312

261,450

69,01496,2081,307,254

69,01496,265
1,398,977(90,677)(91,020)

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

1,381,799

1,473,236

8,594

13,090(710)(26,528)(619)(24,117)(18,644)(11,646)

6,302

6,040

Total net assets

1,369,457

1,467,630

1,564,769

1,729,080

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(Millions of yen)
Years ended March 31
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
Loss on sales and retirement of
noncurrent assets
Removal expenses of noncurrent assets
Real estate acquisition tax
Loss on fire
Foreign exchange losses
Miscellaneous expenses
Total non-operating expenses
Ordinary income
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

2017
536,942
303,415
233,527
80,310153,2172018
726,596398,398
328,198
98,594
229,604

2,343
1,446
10,022
3,409
17,2203,189
1,604
16,307
3,705
24,805

228

568

239
52
－
－
1,089
1,608
168,829
168,829
47,736(6,684)
41,052
127,777

498
806
804
1,107
1,101
4,884
249,525
249,525
67,660(572)
67,088
182,43780

480

127,697

181,957

Consolidated Statements of Comprehensive Income(Millions of yen)
Years ended March 31
2017

2018

127,777

182,437

4,203

4,496

Foreign currency translation adjustment(2,076)(1,765)Remeasurements of defined benefit plans

(443)

2,411

(4,527)

1,827(2,843)

6,969

124,934

189,406

124,774

188,956

160

450

Net income
Other comprehensive income
Valuation difference on available-for-salesecurities

Share of other comprehensive income of affiliates
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to:
Owners of parent
Non-controlling interests12(3) Consolidated Statements of Changes in Net Assets
Year ended March 31, 2017 (April 1, 2016 - March 31, 2017)(Millions of yen)
Shareholders’ equity

Balance at March 31, 2016

Common stock

Capital surplus

69,01496,206

Retainedearnings

Treasury stock,at costTotal
shareholders’equity(90,574)

1,344,203

1,269,557

Changes during the year:
Dividends of surplus(76,623)(76,623)

Net income attributableto owners of parent

127,697

127,697－

Changes by merger
Purchase of treasury
stock
Disposal of treasury
stock
Retirement of treasury
stock
Changes due to tax ratechangeChange in equity fromtransactions with noncontrolling shareholders
Net change except
shareholders’ equity
during the year
Total changes during theyear
Balance at March 31, 20172
(2)

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

3

13,379

－
－

2

2

－

2

37,697(103)

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

1,381,799

Accumulated other comprehensive income
Valuation
Total accumulated
Foreign currency Remeasurements
difference onothertranslationof defined benefit
available-forcomprehensive
adjustment
plans
sale securities
incomeBalance at March 31, 2016

4,391

5,974

(26,085)(15,720)

Noncontrollinginterests

6,427

Total net assets

1,334,910

Changes during the year:
Dividends of surplus(76,623)

Net income attributableto owners of parent
Changes by merger
Purchase of treasury
stock
Disposal of treasury
stock
Retirement of treasury
stock
Changes due to tax ratechangeChange in equity fromtransactions with noncontrolling shareholders
Net change except
shareholders’ equity
during the year
Total changes during theyear
Balance at March 31, 2017

127,697－(13,483)
3
－
－

2

4,203

(6,684)(443)(2,924)(125)(3,049)4,203(6,684)(443)(2,924)(125)

34,547

8,594

(710)

(26,528)(18,644)

6,302

1,369,457

13

Year ended March 31, 2018 (April 1, 2017 - March 31, 2018)(Millions of yen)
Shareholders' equity

Balance at March 31, 2017

Common stock

Capital surplus

Retained earnings

Treasury stock, at
cost

Total
shareholders’equity69,01496,2081,307,254(90,677)

1,381,799

Changes during the year:
Dividends of surplus
Net income attributableto owners of parent
Changes by merger
Purchase of treasury
stock
Disposal of treasury
stock
Retirement of treasury
stock
Changes due to tax ratechangeChange in equity fromtransactions with noncontrolling shareholders
Net change except
shareholders’ equity
during the year
Total changes during theyear
Balance at March 31, 2018

(91,969)(91,969)

181,957

181,957

473

473

1
(1)

(97)

(442)

(442)

1

2

98

－

1,359

1,359

57

57

－

57

91,723(343)

91,43769,01496,265

1,398,977(91,020)

1,473,236

Accumulated other comprehensive income
Valuation
Total accumulated
Foreign currency Remeasurements
difference onothertranslationof defined benefit
available-forcomprehensive
adjustment
plans
sale securities
incomeBalance at March 31, 2017

8,594

(710)

(26,528)(18,644)

Noncontrollinginterests

6,302

Total net assets

1,369,457

Changes during the year:
Dividends of surplus(91,969)

Net income attributableto owners of parent
Changes by merger
Purchase of treasury
stock
Disposal of treasury
stock
Retirement of treasury
stock
Changes due to tax ratechangeChange in equity fromtransactions with noncontrolling shareholders
Net change except
shareholders’ equity
during the year
Total changes during theyear
Balance at March 31, 2018

181,957
473
(442)
2
－
1,359
57

4,496

91

2,411

6,998

(262)

6,736

4,496

91

2,411

6,998

(262)

98,17313,090(619)(24,117)(11,646)6,040

1,467,630

14

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

Years ended March 31
2017

2018

Income before income taxes

168,829

249,525

Depreciation and amortization

26,53034,190

(239)

462

3,178

(3,840)Cash flows from operating activities

Increase (decrease) in allowance for doubtful
accounts
Increase (decrease) in net defined benefit liability
Interest and dividend income(3,789)(4,793)Equity in (earnings) losses of affiliates, net(10,022)(16,307)(Increase) decrease in receivables, trade(17,386)(51,908)(Increase) decrease in inventories(16,519)(31,527)

Increase (decrease) in payables, trade

11,292

16,875

Other(6,470)18,369Subtotal

155,404

211,046

8,562

9,818

(43,039)(44,983)786

109

121,713

175,990－(21,426)

Purchases of property, plant, and equipment(87,509)(103,016)

Other(1,053)(5,815)

Net cash used in investing activities(88,562)(130,257)

Purchases of treasury stock(13,481)(442)

Dividends paid

(76,505)(92,003)

(281)

(652)

(90,267)(93,097)215(2,283)

Net increase (decrease) in cash and cash equivalents(56,901)(49,647)

Cash and cash equivalents at beginning of year

831,662

774,761－

789

774,761

725,903

Interest and dividends received
Income taxes paid
Other
Net cash provided by operating activities
Cash flows from investing activities
Payments into time deposits

Cash flows from financing activities

Other
Net cash used in financing activities
Effect of exchange rate changes on cash and cash
equivalents

Increase in cash and cash equivalents resulting frommerger with unconsolidated subsidiaries
Cash and cash equivalents at end of year15(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, 2017 (April 1, 2016 – March 31, 2017) andYear ended March 31, 2018 (April 1, 2017 – March 31, 2018)
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, 2018 (April 1, 2017 – March 31, 2018)(1)

Information by product and serviceFA

Net sales tounaffiliatedcustomers

222,254ROBOT

ROBOMACHINE

227,827

190,182

Service
86,333(Millions of yen)Total
726,596(2) Information by region◎ Net sales
Japan
Americas
EuropeAsia
Other137,079
144,954
110,378
329,523
4,662
Note: Net sales are broken down by country or region where customers are located.

(Millions of yen)Total
726,596◎ Property, plant and equipment, at cost
As the amount of the property, plant and equipment, at cost located in Japan constitute more than
90% of those stated in the consolidated balance sheets, the statement on the information about
them is omitted.

16

(Per share data)
Fiscal year 2016
Fiscal year 2017
(April 1, 2016 – March 31, 2017)(April 1, 2017 – March 31, 2018)
Net assets per share
7,031.79 yen Net assets per share
7,540.24 yen
Net income per share
658.63 yen Net income per share
938.66 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 2016

Fiscal year 2017

(April 1, 2016 – March 31, 2017)(April 1, 2017 – March 31, 2018)

127,697

181,957――

127,697

181,957

193,882

193,847

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)
Not applicable17