(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 six months ended September 30, 2021
October 27, 2021
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: November 8, 2021
Scheduled date of commencing of dividend payments: December 1, 2021
Availability of supplementary briefing material on quarterly financial results: Available
Schedule of quarterly financial results briefing session: Scheduled
1. Consolidated Financial Results for the Six Months Ended September 30, 2021 (April 1, 2021 – September 30,2021)(1) Consolidated Results of Operations(% represents changes from the previous corresponding Six-month period.)
Net income
Six months
ended
Net sales
Operating income
Ordinary income
attributable to owners
September 30of parent
Millions of yen%

Millions of yen

2021
351,49052.5
2020
230,411(11.7)
Note: Consolidated comprehensive income:Six months
ended
September 30
2021
2020

Net income
per shareYen

410.03146.55%

Millions of yen%

Millions of yen

93,922 190.6
107,822182.1
78,64932,321(34.1)
38,220(33.1)
28,112
April-September 2021:¥86,859 million 152.8%
April-September 2020:¥34,359 million 59.1%

%

179.8
(30.0)Net income
per share(diluted)
Yen——(2) Consolidated Financial Position
Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen%

1,674,288
1,482,774
1,625,191
1,435,554(Reference) Equity: September 30, 2021: ¥1,471,388 million

September 30, 2021
March 31, 2021

87.9
87.7
March 31, 2021: ¥1,425,479 million

2. Dividends
Dividends per share
1st Quarter

2nd Quarter

3rd Quarter

Year-endDividends

Full year

Yen

Yen

Yen

Yen

Yen

FY202087.93
206.14294.07——
FY2021246.02—FY2021———(forecast)
Note: We have 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
Net sales
Operating income
Ordinary income
attributable toper shareowners of parent
Millions of yen%

Millions of yen%

Millions of yen%

Fiscal period
708,900
28.6
177,500
57.8
203,400
58.0
Note: We have changed the forecasts of financial results from the latest ones.

Millions of yen%

Yen

150,800

60.4

786.16*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 Reporting: No(3) Changes in Accounting Principles and Accounting Estimates, and Revisions/Restatements
1. Changes associated with changes in accounting standards

: Yes

2.

: NoChanges in accounting principles other than 1

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 10 in Attachment.
(4) Number of shares outstanding (Common shares)
1. Number of shares outstanding at the end of the period (including treasury stocks)
September 30, 2021 201,909,397March 31, 2021
shares
2. Number of treasury stocks
September 30, 2021

10,085,778
shares

3. Average number of shares during the period
April-September 2021 191,813,603
sharesMarch 31, 2021

201,922,097
shares10,108,169
sharesApril-September 2020 191,823,779
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 4 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

4

2. Consolidated Quarterly Financial Statements(1)Consolidated Quarterly Balance Sheet(2)

Consolidated Quarterly Statement of Income andConsolidated Quarterly Statement of Comprehensive Income

(3)

57

Consolidated Quarterly Statement of Income

7Consolidated Quarterly Statement of Comprehensive Income

8Consolidated Quarterly Statement of Cash Flow

93. Other Information

10(1)Changes in Significant Subsidiaries during the Period(2)

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

(3)

51010

Changes in Accounting Principles and Accounting Estimates, andRevisions/Restatements

10(4)Note on Premise of a Going Concern10(5)Note on the Substantial Change in Shareholders’ Equity1011. Results of Operations and Financial Position(1) Results of Operations
Regarding the circumstances surrounding the FANUC Group during the first six-month period of
the fiscal year ending March 31, 2022 (from April 1 to September 30, 2021), capital investment in theentire manufacturing sector, which had been declining due to the impact of the spread of thecoronavirus (COVID-19), recovered and thus was made vigorously. The outlook remained uncertain
however, with the impact on manufacturing activities surfacing from a shortage in components suchas 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 COVID19.
During the six months from April to September 2021, FANUC posted consolidated net sales totaling¥351,490 million, up 52.5%, consolidated ordinary income totaling ¥107,822 million, up 182.1%, andnet income attributable to owners of parent totaling ¥78,649 million, up 179.8%, 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 such as China. Against this backdrop, sales of FANUC’s CNC
systems also increased. With regard to our lasers, the Chinese market and the European market areon a recovery trend, but competition from overseas manufacturers remains fierce. As a result, net
sales in the FA Division amounted to ¥103,968 million, up 54.2% compared with the corresponding
period of the previous 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,
to general industries and to the automobile industry with EV-related demand. Demand from generalindustries in Europe remained strong, and sales increased. In Japan, sales are recovering after
bottoming-out in October last year. As a result, net sales in the Robot Division amounted to ¥121,171million, up 37.6% from the corresponding period of 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. Sales of theROBOSHOTs (electric injection molding machines) increased due to strong demand from IT-related
and medical markets. Sales of the ROBOCUTs (wire electric discharge machines) also increased due
to strong demand from IT-related and automobile component markets. As a result, net sales in theRobomachine Division amounted to ¥81,069 million, up 105.5% compared with the corresponding
period of the previous fiscal year.

2

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 ¥45,282 million, up 27.6% compared with the corresponding
period of the previous fiscal year.

(2) Financial Position①

Assets, Liabilities and Net Assets
Total assets were ¥1,674,288 million, up ¥49,097 million compared with the end of the previous

fiscal year.
Total liabilities were ¥191,514 million, up ¥1,877 million compared with the end of the previous
fiscal year.
Total net assets were ¥1,482,774 million, up ¥47,220 million compared with the end of the previous
fiscal year.
②

Cash Flow
Cash and cash equivalents (hereinafter “Cash”) for the first half of the current fiscal year amounted

to ¥595,273 million, up ¥17,354 million from the end of the previous fiscal year.
(Cash flow from operating activities)
Cash provided by operating activities during the six months ended September 30, 2021 amounted
to ¥75,039 million, up ¥27,918 million compared with the same period of the previous fiscal year. Thiswas mainly due to the increase in income before income taxes.
(Cash flow from investing activities)
Cash used in investing activities during the six months ended September 30, 2021 amounted to¥15,955 million, down ¥15,118 million compared with the same period of the previous fiscal year. Thiswas mainly due to the decrease in the payments into time deposits.
(Cash flow from financing activities)
Cash used in financing activities during the six months ended September 30, 2021 amounted to¥40,704 million, up ¥6,319 million compared with the same period of the previous fiscal year. This wasmainly due to the increase in dividends paid.

3(3) Financial Results Forecasts
The Company anticipates strong demand in various areas in the fields of FA, Robots, andRobomachines. However, the outlook remains uncertain due to a shortage in components such as
semiconductors, 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
July 29, 2021)[A]

New forecast[B]

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

Net sales

727,600

708,900(2.6%)

Operating income

194,400

177,500(8.7%)

Ordinary income

216,400

203,400(6.0%)Net income
attributable to ownersof parent

156,000

150,800(3.3%)

Note: The currency rate applied to the period from October 1, 2021 to March 31, 2022 is averaged at
105 yen/US dollar and 125 yen/Euro.

4

2. Consolidated Quarterly Financial Statements(1) Consolidated Quarterly Balance Sheet(Millions of yen)March 31, 2021

September 30, 2021

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

450,364
115,129
157,200
87,59065,054
42,163
15,885(770)

889,694

932,615

Buildings, net

309,113318,378

Land
Other, net

148,389
119,344

154,015
96,491

576,846

568,884

9,952

9,298

109,21239,911(424)

119,76244,151(422)

148,699

163,491

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

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

5735,497

741,673

1,625,191

1,674,288

(Millions of yen)March 31, 2021

September 30, 2021

44,015
22,131
8,860
60,112

38,07926,354
8,746
63,165

135,118

136,344

49,3795,140

50,007
5,163

54,51955,170189,637

191,51469,014
95,99569,01496,215

1,373,018(106,008)

1,411,994(105,854)

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

1,432,019

1,471,369

16,910

16,252(4,849)(18,601)

1,103(17,336)(6,540)19

10,075

11,386

Total net assets

1,435,554

1,482,774

1,625,191

1,674,288

Liabilities
Current liabilities
Notes and accounts payables, trade
Accrued income taxesWarranty 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

6

(2) Consolidated Quarterly Statement of Income andConsolidated Quarterly Statement of Comprehensive Income
Consolidated Quarterly Statement of Income(Millions of yen)Six months ended
September 30, 2020

Six months ended
September 30, 2021

Net sales
Cost of goods sold

230,411
156,680

351,490
205,397

Gross profit

73,731

146,093

Selling, general and administrative expenses

41,41052,171

Operating income

32,321

93,922Non-operating income
Interest income
Dividends income
Equity in earnings of affiliates
Miscellaneous income

1,237
744
4,948
1,173

908
725
10,445
2,326

Total non-operating income

8,102

14,404

265
330
1,608

171
130
203

2,203

504

38,220107,822－538

Non-operating expenses
Removal expenses of noncurrent assets
Donations
Miscellaneous expenses
Total non-operating expensesOrdinary income
Extraordinary losses
Loss from money transfer scam at foreignsubsidiary
Total extraordinary losses－538

Income before income taxes

38,220107,284

Income taxes-current
Income taxes-deferred

9,159
71

29,733(2,776)

Total taxes and others

9,230

26,957

Net income

28,99080,327878

1,678

28,11278,649Net income attributable to non-controlling interests
Net income attributable to owners of parent

7

Consolidated Quarterly Statement of Comprehensive Income(Millions of yen)Six months ended
September 30, 2020

Six months ended
September 30, 2021

Net incomeOther 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

28,99080,327

5,621

(658)

824
934

(200)
1,264

(2,010)6,126

Total other comprehensive income
Comprehensive income for the six months ended
September 30

5,369

6,532

34,35986,85933,333
1,026

85,208
1,651

Comprehensive income attributable to:
Owners of parent
Non-controlling interests8(3) Consolidated Quarterly Statement of Cash Flow
(Millions of yen)Six months ended
September 30, 2020

Six months ended
September 30, 2021

38,22021,725

107,284
22,833(55)(15)

Increase (decrease) in payables, trade
Other

758
437
(1,982)(4,948)830(1,103)384(2,995)596
1,277(1,632)(10,445)
12,953(29,959)(6,055)(3,342)

Subtotal

51,271

93,495Interest and dividends received
Income taxes paid
Other

5,633
(9,961)
178

6,578(25,724)690

Net cash provided by operating activities

47,12175,039Purchases of property, plant, and equipment
Other(28,979)
14,345(14,627)(1,812)(9,327)
5,969(11,413)(1,184)

Net cash used in investing activities(31,073)(15,955)(85)(33,561)
(739)

(137)
(39,540)(1,027)

Net cash used in financing activities
Effect of exchange rate changes on cash and cashequivalents(34,385)(40,704)448(1,026)

Net increase (decrease) in cash and cash equivalents(17,889)

17,354

Cash and cash equivalents at beginning of period
Increase in cash and cash equivalents resulting frommerger with unconsolidated subsidiaries

515,008

577,919352－

Cash and cash equivalents at end of period

497,471595,273

Cash flows from operating activities
Income before income taxes
Depreciation and amortization
Increase (decrease) in allowance for doubtful
accounts
Increase (decrease) in net defined benefit liability(Increase) decrease in net defined benefit asset
Interest and dividend income
Equity in (earnings) losses of affiliates(Increase) decrease in receivables, trade(Increase) decrease in inventories

Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits

Cash flows from financing activities
Purchases of treasury stock
Dividends paid
Other93. Other Information(1) Changes in Significant Subsidiaries during the Period(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 Accounting Estimates, andRevisions/Restatements:(Changes in accounting principles)(Application of Accounting Standard for Revenue Recognition)
The Company has applied “Accounting Standard for Revenue Recognition” (AccountingStandards Board of Japan (ASBJ) Statement No. 29, March 31, 2020) and others from thebeginning of the first quarter of the fiscal year ending March 31, 2022. Under Accounting Standardfor Revenue Recognition, the Company recognizes revenue at the time when control over thepromised goods or services is transferred to the customer, in an amount equal to the consideration
expected to be received for the said 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 thebeginning of the first quarter of the fiscal year ending March 31, 2022. In accordance with thetransitional treatment set forth in Article 19 of Fair Value Accounting Standards and Article 44-2
of “Accounting Standard for Financial Instruments” (ASBJ Statement No.10, July 4, 2019), theCompany has applied prospectively a new accounting policy prescribed by Fair Value AccountingStandards 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:

None10