Consolidated Quarterly Financial Results (based on Japanese standards)
For the six months ended September 30, 2014
October 24, 2014
Stock exchange listing: Tokyo Stock Exchange
URL http://www.fanuc.co.jp(Name) Yoshiharu Inaba(Name) Keisuke Fujii
Tel: (0555) 84-5555

Company name:
FANUC CORPORATION
Stock code:
6954
Representative: (Title) President and CEO
Contact:(Title) Manager, Public Relations

1. Consolidated Financial Results for the Six months Ended September 30, 2014 （April 1, 2014 –September 30, 2014）(1) Consolidated Results of Operations(％ represents change from the corresponding previous six months period)
Six months ended
Net sales
Operating income
Ordinary income
Net income
September 30％

Millions of yen％ Millions of yen

Millions of yen％ Millions of yen

342,815 58.6
138,31984.8
145,002
83.3
216,125 (18.0)
74,862 (26.5)
79,121 (24.7)
Note: Comprehensive income April-September 2014 ¥105,656million
55.1%
April-September 2013 ¥ 68,102million
22.7%

94,36650,0962014
2013

Six months ended
September 30Net income pershare basic

Net income pershare dilutedYenYen──482.28
255.98

20142013％

88.4(25.2)(2) Consolidated Financial Position

Total assets

Net assets

Millions of yen

Equity ratio％

Millions of yen

1,462,314
1,285,720
87.5
1,343,904
1,199,863
88.8
Equity: September 30, 2014 ¥1,279,354 million
March 31, 2014 ¥1,194,032 million

September 30, 2014
March 31, 2014
(Ref.)

2. Dividends
Dividends per share
Sept. 30
Dec. 31Mar. 31(Year end)

June 30
Yen

Yen

Yen

Full year

YenYen

2013
－
76.80
－
93.26
170.062014－
144.692014(forecast)－－－
Note: We have changed the forecasts of dividends from the latest ones.
Note: With regard to the forecasts of the year-end dividends for the year ending March 31, 2015, weexpect to disclose them promptly after we become able to disclose them.

3. Consolidated Financial Results Forecasts for the Year Ending March 31, 2015 (April 1, 2014 –March 31, 2015) (％ represents change from the same period of the previous year.)Net sales
Millions of yen

Fiscal period

688,200

Operating income％ Millions of yen

52.6

268,000

Ordinary income％ Millions of yen

63.3

280,900

Netincomeper share

Net income％ Millions of yen

61.1

185,100

Note: We have not changed the forecasts of financial results from the latest ones.

％

Yen

66.9

945.98

4. Notes(1) Important changes in scope of consolidation during the period(Changes in certain subsidiaries requiring changes in scope of consolidation) :No(2) Application of the accounting method specific to quarterly consolidated
financial statements:

No(3) Changes in accounting principles and accounting estimates, and revisions/restatements①

Changes associated with changes in accounting standards：

Applicable②

Changes in accounting principles other than ①：No③

Changes in accounting estimates：No④ Revisions/restatements： No
Note: For details, please see “4. Other Information (3)Changes in accounting principles andaccounting estimate, and revisions/restatements” on Page 6 in Attachment.

(4) Number of shares outstanding（Common share）①

Number of shares outstanding at the end of the period（including treasury stocks）
239,508,317
239,508,317
September 30, 2014
March 31, 2014
sharesshares②

Number of treasury stocks
September 30, 2014③

43,845,042
sharesAverage number of shares during the period
April-September 2014 195,667,597
sharesMarch 31, 2014

43,836,033
sharesApril-September 2013

195,704,121
shares＊ Status of quarterly review
These quarterly financial results are not subject to the quarterly review based on the Financial Instruments
and Exchange Law. The review process for the quarterly financial statements based on the FinancialInstruments and Exchange Law has not been completed at the time of the disclosure of these results.
＊ Statements on the proper use of financial forecasts and other special notes
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 fromthese forecasts. With regard to the forecasts of the year-end dividends for the year ending March 31, 2015,
we expect to disclose them promptly after we become able to disclose them.

Table of Contents of Accompanying Documents

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

22(2)Financial Position

2(3)Financial Results Forecasts

2

2. Consolidated Quarterly Balance Sheet

3

3. Consolidated Quarterly Statement of Incomeand Consolidated Quarterly Statement of Comprehensive Income

44.

Consolidated Statement of Income

4

Consolidated Statement of Comprehensive Income

5

Other Information

6(1)Important changes in scope of consolidation during the period6(2)Application of the accounting method specific to quarterly
consolidated financial statements

6Changes in accounting principles and accounting estimate,and revisions/restatements

6(4)Note on premise of a going concern6(5)Note on the substantial change in the shareholders’ equity

6(3)Supplement to Consolidated Financial Results

171. Results of Operations and Financial Position(1) Results of Operations
The business environment surrounding the FANUC group during the six months from April toSeptember 2014 was as follows. Demands for CNC systems steadily increased in Japan, China,
Europe, and in other countries, amidst a worldwide economic recovery trend in the machine tools
industry. For the ROBOT business, demands continued to be high in the Americas and Europe.
Moreover, there was lively activity in the short-term demands in a part of the IT industry as well.
Against such a background, the FANUC group continued to enhance high-performance andhigh-intelligence while sticking to the basics of high reliability, and to enhance robotization in
manufacturing its products to further improve competitiveness.
As a result, during the first half of the current fiscal year, FANUC posted consolidated net sales
totaling ¥342,815 million, up 58.6%, consolidated ordinary income totaling ¥145,002 million, up
83.3%, and consolidated net income totaling ¥94,366 million, up 88.4%, compared with thecorresponding period of the previous fiscal year.
Looking at the performance by business group, the FA Group posted consolidated sales
totaling ¥130,399 million, up 18.9%, the Robot Group posted consolidated sales totaling ¥86,504
million, up 17.5% and the Robomachine Group posted consolidated sales totaling ¥125,912 million,
up 283.2%, compared with the corresponding period of the previous fiscal year.
(2)

Financial Position

Total assets increased ¥118,410 million to ¥1,462,314 million compared with the end of theprevious fiscal year. The main increase is ¥119,907 million in securities (negotiable certificates ofdeposit).
Total liabilities increased ¥32,553 million to ¥176,594 million compared with the end of theprevious fiscal year.
Total net assets increased ¥85,857 million to ¥1,285,720 million compared with the end of theprevious fiscal year.
(3) Financial Results Forecasts
The forecasts for the fiscal year ending March 31, 2015 are ¥688,200 million for consolidated
net sales, ¥268,000 million for consolidated operating income, ¥280,900 million for consolidated
ordinary income, and ¥185,100 million for consolidated net income, as announced on September
25, 2014, as business performance improved on the whole, and the short-term increase indemands in a part of the IT industry is expected in the second half as well as in the first half of theyear.

22. Consolidated Quarterly Balance Sheet（Millions of Yen）
March 31, 2014
AssetsCurrent assets:
Cash and deposits
Notes and accounts receivable – trade
Securities
Merchandise and finished goods
Work in process
Raw materials and supplies
Deferred income tax
OthersAllowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Land
Other, net
Total property, plantand equipment
Intangible Assets
Investments and other assets
Investment securities
OthersAllowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total Assets
Liabilities
Current liabilities:
Notes and accounts payable – trade
Income taxes payable
Warranty reserves
OthersTotal current liabilities
Noncurrent liabilities:
Liability related to retirement benefits
OthersTotal noncurrent liabilities
Total Liabilities
Net Assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury stocks
Total shareholders’ equity
Accumulated other comprehensive income(loss)
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Accumulated adjustment to retirement
benefits
Total accumulated other comprehensive
income(loss)
Minority interests
Total net assets
Total liabilities and net assets

3

September 30, 2014

823,670
91,69893
43,85735,5598,079

760,492
134,168
120,000
49,961
39,107
9,443

20,706
6,059(1,920)1,027,801

24,5169,204(2,126)
1,144,765

117,543
144,930
262,473

124,584
139,939
264,523

4,213

2,040

41,7447,674(1)49,417316,103
1,343,904

42,7918,196(1)50,986
317,549
1,462,314

26,19230,787
5,409
37,061
99,44931,03347,723
5,928
44,913
129,597

40,456
4,136
44,592
144,041

41,844
5,153
46,997
176,594

69,01496,2701,340,809(312,299)
1,193,794

69,01496,274
1,415,713(312,465)
1,268,536

5,112

5,966

3,138
(8,012)

12,659(7,807)238

10,8185,831
1,199,863
1,343,904

6,366
1,285,720
1,462,314

3. Consolidated Quarterly Statement of Incomeand Consolidated Quarterly Statement of Comprehensive Income
Consolidated Statement of Income for the Six months from April to September 2014
（Millions of Yen）
Six months ended September 30

Net sales
Cost of goods sold
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Equity method income
Miscellaneous income
Total non-operating income

2013

2014

216,125
112,998
103,127
28,26574,862342,815
166,165
176,650
38,331
138,319

1,084
463
2,243
1,000

1,377
207
4,323
1,076

4,790

6,983

Non-operating expenses
Sales discount4562

Miscellaneous expenses
Total non-operating expenses

486

238

531

300

Ordinary income

79,121145,002

Income before income taxes andminority interests
Income taxes-current
Income taxes-deferred
Total taxes and others
Income before minority interests
Minority interests in income
Net income

79,121145,002

28,095630
28,72550,396300
50,09652,977(2,698)50,27994,723357
94,366

4

Consolidated Statement of Comprehensive Income for the Six months from April to September 2014
（Millions of Yen）
Six months ended September 30

Income before minority interests
Other Comprehensive Income
Valuation difference on
available-for-sale securities
Foreign currency translation adjustment
Adjustment to retirement benefit
Share of other comprehensive income ofaffiliates accounted for using equity method
Total other comprehensive income
Comprehensive income for the six months
ended September 30
Comprehensive income attributable to:
Owners of parent
Minority interests

52013

2014

50,396

94,723

1,413

853

12,944－

11,431
206

3,349(1,557)

17,706
68,102

10,933
105,656

67,528574

104,946710

4.

Other Information(1)

Important changes in scope of consolidation during the period:No(2) Application of the accounting method specific to quarterly
consolidated financial statements:
No(3) Changes in accounting principles and accounting estimate,and revisions/restatements :Changes in accounting principles(Application of Accounting Standard for Retirement Benefits)
FANUC CORPORATION has applied the Accounting Standard for
Retirement Benefits (Accounting Standards Board of Japan (ASBJ)
Statement No.26 of May 17, 2012) and Guidance on AccountingStandard for Retirement Benefits (ASBJ Guidance No.25 of May 17,2012) to the main clause stipulated in Article 35 of the AccountingStandard for Retirement Benefits and Article 67 of the Guidance on
Accounting Standard for Retirement Benefits since the first quarter ofthe current fiscal year.
Under the new standard, the calculation of liabilities for retirement
benefits and service costs has been revised and the method of
attributing expected benefits to periods has been changed fromstraight-line basis to benefit formula basis. The determination of the
discount rate has been changed as well.
In accordance with transitional accounting as stipulated in Article 37 of
the Accounting Standard for Retirement Benefits, the effect of thechanges in accounting policies arising from the revision of liabilities forretirement benefits and service costs is recognized in retained earnings,
at the beginning of the first half of the current fiscal year.
As a result of adjustments, liabilities for retirement benefits haveincreased by 2,234 million yen, and retained earnings have decreased
by 1,452 million yen at the beginning of the first half of the current fiscalyear. The impact on the profit/loss of the first half of the fiscal year
(year to date) is negligible.
(4) Note on premise of a going concern:

No(5) Note on the substantial change in shareholders’ equity:

No6Supplement to Consolidated Financial Results
１ Consolidated Results（April～September, 2014）
１）Net income
94.4 billion yen (1.9 times from the same period of last year)２）Net sales

342.8 billion yen (1.6 times from the same period of last year)３）Operating income 138.3 billion yen (1.8 times from the same period of last year)
Ordinary income 145.0 billion yen (1.8 times from the same period of last year)
Ordinary income to net sales ratio
42.3%４）Sales by GroupFA
Robot
Robomachine

130.4 billion yen (1.2 times from the same period of last year)
86.5 billion yen (1.2 times from the same period of last year)
125.9 billion yen (3.8 times from the same period of last year)５）Orders

355.4 billion yen (1.6 times from the same period of last year)

２ Quarterly Changes of Consolidated Financial Results (Billions of yen）

200.0
2,000

179.5
1,795

Sales

163.3
1,633
150.0
1,500
123.8
1,238

Ordinary income

100.0
1,000
69.6
696
52.3
523
50.0
500

45.2452

33.9
339

Net income

75.4754

49.2
492

0
January-March
平成26年
20141～3月

April-June
平成26年20144～6月

7July-September
平成26年
20147～9月