(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, 2018
January 31, 2019
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 of filing quarterly report: February 8, 2019
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, 2018 (April 1, 2018 – December 31,2018)(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

2018
496,112(7.4)
134,101(20.8)
150,537(18.9)
128,7512017
535,99437.3
169,235
51.6
185,61848.4
136,314
Note: Consolidated comprehensive income:April-December 2018
¥122,484 million (25.1)%
April-December 2017
¥163,570 million
87.2 %
Nine months
ended
December 31

Net income
per shareNet incomeper share(diluted)

Yen

Yen20182017664.23703.19%

(5.5)
47.3

——(2) Consolidated Financial Position
Total assets
Millions of yen

Net assets

Equity ratio

Millions of yen%

December 31, 2018

1,593,104
1,417,182
1,728,227
1,467,630(Reference) Equity: December 31, 2018: ¥1,409,964 million

March 31, 2018

88.5
84.6
March 31, 2018: ¥1,461,590 million

2. Dividends
Dividends per share
1st Quarter

2nd Quarter

3rd Quarter

Year-endDividends

Full year

Yen

Yen

Yen

YenYen2017
265.45297.75563.20――2018598.19――2018――(forecast)
Note: We have not changed the forecasts of dividends from the latest ones.
Note: The 2nd quarter-end dividends for the year ending March 31, 2019 consist of ordinary dividends of ¥252.87
and special dividends of ¥345.32.
Note: The forecasts of 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)(% 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%

626,900 (13.7)
147,900 (35.6)
164,000 (34.3)
Fiscal period
Note: We have changed the forecasts of financial results from the latest ones.

Millions of yen%Yen

141,900 (22.0)*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

732.08(3) Changes in Accounting Principles and Accounting Estimates, and Revisions/Restatements
1. Changes associated with changes in accounting standards

:

No

2.

:

No

3. Changes in accounting estimates:No

4. Revisions/restatements:

No

Changes in accounting principles other than 1(4) Number of shares outstanding (Common shares)
1.

2.

3.

Number of shares outstanding at the end of the period (including treasury stocks)
204,040,771
December 31, 2018
March 31, 2018
sharesNumber of treasury stocks
December 31, 2018

10,208,704
sharesAverage number of shares during the period
April-December 2018 193,835,133
shares204,059,017
sharesMarch 31, 201810,220,284
sharesApril-December 2017

193,849,755
shares＊ The report of the quarterly financial results is not subject to audit by certified public accountant or audit 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 theseforecasts. The forecasts of 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．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

4(1) Consolidated Quarterly Balance Sheet

4(2) Consolidated Quarterly Statement of Income andConsolidated Quarterly Statement of Comprehensive Income

6

Consolidated Quarterly Statement of Income

6

Consolidated Quarterly Statement of Comprehensive Income

7

3．Other Information

8(1) Changes in Significant Subsidiaries during the period8(2) Adoption of Simplified and Specifically Applied Accounting
Method for Quarterly Consolidated Financial Reporting

8(3) Changes in Accounting Principles and Accounting Estimates, andRevisions/Restatements

8(4) Additional Information

8(5) Note on Premise of a Going Concern

8(6) Note on the Substantial Change in Shareholders’ Equity811. Results of Operations and Financial Position(1) Results of Operations
The FANUC Group’s results for the first three quarters (April to December 2018) are as follows.
In the FA Division, demands in the machine tool industry, the primary market for FANUC CNC systems,remained at a high level in Japan, Europe, India, and the Americas. However, demands in China and Taiwan
declined sharply from the middle of the period due to the impact of the trade friction between the UnitedStates and China, and sales in South Korea also remained sluggish due to a slowdown in domestic
demands. With regard to our lasers, we continued focusing efforts on expanding sales of fiber laser
oscillators both domestically and abroad. As a result, net sales in the FA Division remained unchanged
compared with the corresponding period of the previous fiscal year.
In the Robot Division, although sales in Japan and Europe were solid, a trough in capital investments
remained in automobile industry of the Americas and sales in China were weak, especially for the generalindustries. As a result, sales in the Robot Division remained unchanged compared with the corresponding
period of the previous fiscal year.
In the Robomachine Division, the short-term demand in the Chinese IT-related industry for theROBODRILLs (compact machining centers), which was robust in the previous fiscal year, had plummeted,resulting in a significant decline in sales. However, markets other than IT-related industry generally remained
favorable, and in particular, sales increased in Japan, Europe and India. In addition, sales of theROBOSHOTs (electric injection molding machines) remained robust as in the previous fiscal year, whilesales of the ROBOCUTs (wire-cut electric discharge machines) slightly decreased compared with thecorresponding period of the previous fiscal year.
Amidst such circumstances, the FANUC Group, under the slogans, “one FANUC,” “Reliable”“Predictable” “Easy to Repair,” and “Service First,” united as one group to promote the provision of our highly
reliable products and related services, in order to empower our customers to build and maintain efficient andinnovative production systems. Furtermore, while proceeding with the application of AI technology to ourproducts and the commercialization, we made efforts, as IoT initiatives, to expand sales of LINK i products,
which the FANUC Group has been promoting for some time, and additionally to spread our new product,
FIELD system (FANUC Intelligent Edge Link and Drive system) with enhancement of functions andenrichment of applications (including those made by partner companies).
As a result, during the nine months from April to December 2018, FANUC posted consolidated net sales
totaling ¥496,112 million, down 7.4%, consolidated ordinary income totaling ¥150,537 million, down 18.9%,
and consolidated net income totaling ¥128,751 million, down 5.5%, due to recording of gain on transfer ofbenefit obligation relating to employees' pension fund as an extraordinary income and other factors,compared with the corresponding period of the previous fiscal year.
Looking at the performance by business group, the FA Division posted consolidated sales totaling¥166,766 million, up 0.1%, the Robot Division posted consolidated sales totaling ¥167,128 million, up 0.04%,
the Robomachine Division posted consolidated sales totaling ¥93,607 million, down 32.0%, and the Service
Division posted consolidated sales totaling ¥68,611 million, up 6.2%, compared with the corresponding
period of the previous fiscal year.
(Note): “Net income” in “Results of Operations and Financial Position” means “Net income attributable to owners of parent” in theConsolidated Statement of Income.

2(2) Financial Position
Total assets were ¥1,593,104 million, down ¥135,123 million compared with the end of the previous fiscalyear.
Total liabilities were ¥175,922 million, down ¥84,675 million compared with the end of the previous fiscalyear.
Total net assets were ¥1,417,182 million, down ¥50,448 million compared with the end of the previous
fiscal year.
We cancelled our treasury shares exceeding the 5% of the total number of issued shares (18,246 shares,¥163 million) on May 31, 2018 based on the shareholder return policy we announced on April 27, 2015.
(There was no effect on the amount of total net assets.)(3) Financial Results Forecasts
The conditions will likely continue where the short-term demand in the IT-related industry cannot beexpected. It is also anticipated that the situation will remain difficult and unpredictable in general, due touncertain factors including the spreading impact of continuing trade friction between countries and foreignexchange fluctuations.
The present forecast for consolidated financial results for the fiscal year 2018 is as follows:
For the fiscal year 2018 (April 1, 2018 through March 31, 2019)(Millions of yen)Previous forecast(released on
October 29, 2018)

New forecast

Comparison with
Previous forecast (%)

Net sales

626,000

626,900

0.1

Operating income

150,900

147,900(2.0)

Ordinary income

165,300

164,000(0.8)

Net income

142,300

141,900(0.3)

Note: The currency rate applied to the period from January 1, 2019 to March 31, 2019 is averaged at 100yen/US dollar and 120 yen/Euro.

3

2. Consolidated Quarterly Financial Statements(1) Consolidated Quarterly Balance Sheet(Millions of yen)March 31, 2018

December 31, 2018

Cash and bank deposits

602,329

589,852

Notes and accounts receivables, trade

175,460

114,095

Marketable securities

145,000

15,000Finished goods

71,68069,661Work in progress

56,40556,560Raw materials and supplies

22,03331,486

Other current assets

30,03023,976

Allowance for doubtful accounts(1,424)(1,166)

1,101,513

899,464

Buildings

230,204

289,475Land

143,036

144,967

Other, net

112,637

123,972

Total property, plant and equipment

485,877

558,414

7,064

8,831

Investment securities

89,94680,792Others44,19846,015

(371)

(412)

AssetsCurrent assets

Total current assets
Noncurrent assets
Property, plant and equipment

Intangible assets
Investments and other assets

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

4

133,773

126,395

626,714693,640

1,728,227

1,593,104

(Millions of yen)March 31, 2018

December 31, 2018

Notes and accounts payables, trade
Accrued income taxes

52,901
46,466

38,1199,046

Warranty reserves
Other current liabilities

7,047
83,686

8,301
75,161Total current liabilities

190,100

130,627

Long-term liabilities
Net defined benefit liability

67,562

42,409Liabilities
Current liabilities

Other long-term liabilities

2,935

2,886

Total long-term liabilities

70,49745,295

260,597

175,92269,01496,26569,01496,265Retained earnings
Treasury stock, at cost

1,398,977(91,020)

1,353,904(91,007)

Total shareholders' equity

1,473,236

1,428,176

13,090

6,667

(619)
(24,117)(2,759)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 comprehensiveincome
Non-controlling interests
Total net assets
Total liabilities and net assets

5(11,646)(22,120)

6,040(18,212)7,218

1,467,630

1,417,182

1,728,227

1,593,104

(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, 2017
Net sales

Nine months ended
December 31, 2018

Cost of goods sold535,994295,732

496,112285,487

Gross profit

240,262

210,625

Selling, general and administrative expenses

71,02776,524

Operating income

169,235

134,101

2,324

3,087

1,393
11,742

1,365
11,235

3,951

3,764

19,41019,451

498

727

255

1,616

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
assetsRemoval expenses of noncurrent assets
Miscellaneous expenses
Total non-operating expenses
Ordinary income

2,274

672

3,027

3,015

185,618

150,537－

25,081

Extraordinary income
Gain on transfer of benefit obligation relating toemployees' pension fundTotal extraordinary income
Income before income taxes－

25,081

185,618

175,618

Income taxes-current
Income taxes-deferred

52,81541,035(3,864)

5,507

Total taxes and others

48,951

46,542

Net income

136,667

129,076

Net income attributable to non-controlling interests
Net income attributable to owners of parent

6353

325

136,314

128,751Consolidated Quarterly Statement of Comprehensive Income(Millions of yen)
Nine months ended

Nine months ended

December 31, 2017

December 31, 2018

136,667

129,076

6,387(6,423)Foreign currency translation adjustment

16,557956

Remeasurements of defined benefit plans

3,295

1,997

664

(3,122)

26,903(6,592)

163,570

122,484

162,871

122,186

699

298

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 incomeComprehensive income for the nine months ended
December 31
Comprehensive income attributable to:
Owners of parent
Non-controlling interests7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:

None(4) Additional Information(Application of Partial Amendments to Accounting Standard for Tax Effect Accounting, etc.)
Partial Amendments to Accounting Standard for Tax Effect Accounting (ASBJ Statement No. 28 ofFebruary 16, 2018) and other new rules have been applied since the beginning of the first quarter
ended June 30, 2018. “deferred tax assets” are reflected in “investments and other assets” and“deferred tax liabilities” are reflected in “long-term liabilities.”(5) Note on Premise of a Going Concern:

None(6) Note on the Substantial Change in Shareholders’ Equity:

None8