(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, 2021
January 26, 2022
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, 2022
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, 2021 (April 1, 2021 – December 31,2021)(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

2021
114.2
540,25044.0
139,946114.4
161,534
118,7722020(5.4)
375,229(2.9)
65,263(4.9)
75,39755,344
Note: Consolidated comprehensive income:April-December 2021:¥137,892 million
93.9%
April-December 2020:¥71,131 million45.0%
Nine months
ended
December 31
2021
2020

Net income
per share

Net income
per share(diluted)

Yen

Yen

619.20288.52(2) Consolidated Financial Position
Total assets
Millions of yen%

114.6
(2.1)

——Net assets

Equity ratio

Millions of yen%

1,703,468
1,486,555
1,625,191
1,435,554(Reference) Equity: December 31, 2021: ¥1,473,978 million

December 31, 2021
March 31, 2021

86.5
87.7
March 31, 2021: ¥1,425,479 million

2. Dividends
Dividends per share
1st Quarter

2nd Quarter

3rd Quarter

Year-end
Dividends

Full year

Yen

Yen

Yen

Yen

Yen

FY2020206.14294.07――87.93
FY2021――246.02
FY2021――(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, 2022 will be disclosed promptly upon
their availability.

3. Consolidated Financial Forecasts for the Year Ending March 31, 2022 (April 1, 2021 – March 31, 2022)(% represents changes from the previous fiscal year.)
Net income
Net income
Operating income
Ordinary income
Net sales
attributable toper shareowners of parent
Fiscal period

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

Yen

726,200

31.7

186,500

65.8

214,700

66.8

159,300

69.4

830.48

Note: 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: No
Consolidated Financial Reporting(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)
201,909,397
December 31, 2021
March 31, 2021
shares
2. Number of treasury stocks
December 31, 2021

10,088,254
shares

3. Average number of shares during the period
April-December 2021 191,816,435
shares

201,922,097
sharesMarch 31, 2021

10,108,169
sharesApril-December 2020

191,822,350
shares＊ The report of the quarterly financial results is not subject to audit by certified public accountant or audit firm.

＊ Any forward looking statements such as financial forecasts described in this report are subject to uncertain
factors such as supply and demand trends, industry competition, economic conditions, and others in majormarkets. Actual results may differ from these forecasts. For the details of the financial forecasts, please see“Financial Results Forecasts” on page 3 of the Accompanying Documents. The forecasts of the year-end
dividends for the year ending March 31, 2022 will be disclosed promptly upon their availability.

Table of Contents of Accompanying Documents
1．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 and4Consolidated Quarterly Statement of Comprehensive Income

6Consolidated Quarterly Statement of Income

6Consolidated Quarterly Statement of Comprehensive Income

73．Other Information(1)

48

Changes in Significant Subsidiaries during the Period8(2) Adoption of Simplified and Specifically Applied Accounting
Method for Quarterly Consolidated Financial Reporting(3)

8Changes 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
Regarding the circumstances surrounding the FANUC Group during the first nine-month period of thefiscal year ending March 31, 2022 (from April 1 to December 31, 2021), capital investment in the entire
manufacturing sector, which had been declining due to the impact of the spread of the coronavirus(COVID-19), recovered and thus was made vigorously. The outlook remained uncertain, however, due tothe prolonged impact on manufacturing activities from a shortage in components such as semiconductors
across global supply chains.
Under these circumstances, the FANUC Group has striven to maintain the delivery of products andservice activities for our customers while placing utmost priority on preventing the spread of COVID-19.
During the nine months from April to December 2021, FANUC posted consolidated net sales totaling¥540,250 million, up 44.0%, consolidated ordinary income totaling ¥161,534 million, up 114.2%, and net
income attributable to owners of parent totaling ¥118,772 million, up 114.6%, 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, demand from the machine tool industry, the primary market for CNC systems,remained strong in all major markets, as evidenced by an increase in Europe and the Americas as wellas in China, where demand has been robust, and sales of FANUC’s CNC systems also increased. With
regard to our lasers, competition from overseas manufacturers remains fierce. As a result, net sales inthe FA Division amounted to ¥163,854 million, up 56.0% compared with the corresponding period of theprevious fiscal year.
In the Robot Division, sales in China remained strong, mainly in IT-related industries and for EVs,
heavy machinery and construction machinery. Strong sales were also recorded in the United States, togeneral industries and to the automobile industry with EV-related demand, and demand from generalindustries in Europe remained strong, resulting in an increase in sales. In Japan, sales increased
compared with the sluggish sales seen in the corresponding period of the previous fiscal year. As a result,net sales in the Robot Division amounted to ¥198,070 million, up 38.1% from the corresponding periodof the previous fiscal year.
In the Robomachine Division, sales of the ROBODRILLs (compact machining centers) increased, due
to vigorous demand for use in the personal computer and tablet markets in China. Sales of theROBOSHOTs (electric injection molding machines) increased due to strong demand from IT-related andmedical markets. Sales of the ROBOCUTs (wire electrical-discharge machines) also increased due tostrong demand from IT-related and automobile component markets. As a result, net sales in theRobomachine Division amounted to ¥109,229 million, up 54.0% compared with the corresponding periodof the previous fiscal year.
In the Service Division, sales recovered to the same level as in normal years. As a result, net sales
in the Service Division amounted to ¥69,097 million, up 23.7% compared with the corresponding periodof the previous fiscal year.

2(2) Financial Position
Total assets were ¥1,703,468 million, up ¥78,277 million compared with the end of the previous fiscalyear.
Total liabilities were ¥216,913 million, up ¥27,276 million compared with the end of the previous fiscalyear.
Total net assets were ¥1,486,555 million, up ¥51,001 million compared with the end of the previous
fiscal year.

(3) Financial Results Forecasts
The outlook remains uncertain due to a shortage in components such as semiconductors. However,
the Company anticipates strong demand in various areas in the fields of FA, Robots, and Robomachines,
and as such, the Company forecasts financial results for fiscal 2021 (the fiscal year ending March 31,2022), as follows.
For the fiscal year 2021 (April 1, 2021 through March 31, 2022)(Millions of yen)Previous forecast(released on
October 27, 2021)[A]

New forecast[B]

Net sales

708,900

726,200

2.4％

Operating income

177,500

186,500

5.1％

Ordinary income

203,400

214,700

5.6％

Net income
attributable to ownersof parent

150,800

159,300

5.6％

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

Note: The currency rate applied to the period from January 1, 2022 to March 31, 2022 is averaged at
105 yen/US dollar and 125 yen/Euro.

3

2. Consolidated Quarterly Financial Statements(1) Consolidated Quarterly Balance Sheet(Millions of yen)March 31, 2021
AssetsCurrent assets
Cash and bank deposits
Notes and accounts receivables, tradeMarketable securities
Finished goods
Work in progress
Raw materials and supplies
Other current assets
Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Buildings, net

December 31, 2021

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

439,886
134,444
157,300
97,24070,804
48,844
14,624(924)

889,694962,218

309,113Land
Other, net

148,389
119,344

314,990
154,485
95,391

Total property, plant and equipment

576,846564,866

9,952

8,760

109,21239,911(424)

126,661
41,386(423)

Intangible assets
Investments and other assets
Investment securities
OthersAllowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets

4

148,699

167,624735,497

741,250

1,625,191

1,703,468

(Millions of yen)March 31, 2021
Liabilities
Current liabilities
Notes and accounts payables, trade
Accrued income taxes
Warranty reserves
Other current liabilities

December 31, 2021

44,015
22,131
8,860
60,11260,59022,434
9,399
69,177Total current liabilities

135,118

161,600

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

49,3795,140

50,418
4,895

Total long-term liabilities

54,51955,313

189,637

216,91369,014
95,99569,01496,215Retained earnings
Treasury stock, at cost

1,373,018(106,008)

1,404,925(105,914)

Total shareholders’ equity

1,432,019

1,464,240

16,91016,125(4,849)(18,601)

10,459(16,846)(6,540)9,738

Total liabilities
Net assets
Shareholders’ equity
Common stock
Capital surplusAccumulated 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

510,075

12,577

1,435,554

1,486,555

1,625,191

1,703,468

(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, 2020

Nine months ended
December 31, 2021

Net sales
Cost of goods sold

375,229245,226

540,250
319,416Gross profit

130,003

220,834

Selling, general and administrative expenses

64,74080,888Operating income

65,263

139,946

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

1,686
1,197
7,723
2,397

1,434
947
16,313
3,945

Total non-operating income

13,003

22,639

–377

288
249

399
2,093

205
309

Non-operating expenses
Litigation settlement
Removal expenses of noncurrent assets
Donations
Miscellaneous expenses
Total non-operating expenses
Ordinary income
Extraordinary losses
Loss from money transfer scam at foreignsubsidiary
Total extraordinary losses

2,869

1,051

75,397

161,534

–

537–

537

Income before income taxes

75,397

160,997

Income taxes-current
Income taxes-deferred

17,865755

40,308(525)

Total taxes and others

18,62039,783

Net income

56,777

121,214

Net income attributable to non-controlling interests

1,433

2,442

Net income attributable to owners of parent

55,344

118,7726

Consolidated Quarterly Statement of Comprehensive Income(Millions of yen)
Nine months endedDecember 31, 2020
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
Total other comprehensive income
Comprehensive income for the nine months ended
December 31
Comprehensive income attributable to:
Owners of parent
Non-controlling interests

7

Nine months ended
December 31, 2021

56,777

121,214

8,478

(785)

5,131
1,430

8,821
1,754(685)

6,888

14,354

16,67871,131

137,892

69,215
1,916

135,050
2,842

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)(Application of Accounting Standard for Revenue Recognition)
The Company has applied “Accounting Standard for Revenue Recognition” (Accounting Standards
Board of Japan (ASBJ) Statement No. 29, March 31, 2020) and others from the beginning of the firstquarter of the fiscal year ending March 31, 2022. Under Accounting Standard for Revenue Recognition,
the Company recognizes revenue at the time when control over the promised goods or services istransferred to the customer, in an amount equal to the consideration expected to be received for thesaid goods or services.
The application of this accounting standard has no effect on the Company’s consolidated quarterly
financial statements.
(Application of the Accounting Standard for Fair Value Measurement)
The Company has applied “Accounting Standard for Fair Value Measurement” (ASBJ Statement No.
30, July 4, 2019; hereinafter, “Fair Value Accounting Standards”) and others from the beginning of thefirst quarter of the fiscal year ending March 31, 2022. In accordance with the transitional treatment set
forth in Article 19 of Fair Value Accounting Standards and Article 44-2 of “Accounting Standard forFinancial Instruments” (ASBJ Statement No. 10, July 4, 2019), the Company has applied
prospectively a new accounting policy prescribed by Fair Value Accounting Standards and others.
The application of this accounting standard has no effect on the Company’s consolidated quarterly
financial statements.
(4) Note on Premise of a Going Concern:

None(5) Note on the Substantial Change in Shareholders’ Equity:None8