(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 three months ended June 30, 2017
July 28, 2017
Company name: FANUC CORPORATION
Stock exchange listing: Tokyo Stock Exchange
Stock code:6954
URL: http://www.fanuc.co.jpRepresentative: (Title) Chairman(Name) Yoshiharu Inaba
Contact:(Title) Manager, Public Relations (Name) Keisuke Fujii TEL: (0555)84－5555
Scheduled date of filing quarterly report: August 9, 2017
Scheduled date of commencing 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 Three Months Ended June 30, 2017 (April 1, 2017 – June 30, 2017)(1) Consolidated Results of Operations(% represents change from the corresponding previous three months period.)
Net income
Three months
ended
Net sales
Operating income
Ordinary income
attributable to owners
June 30of parent
Millions of yen%

Millions of yen

2017
168,49032.1
2016
127,582(35.4)
Note: Consolidated comprehensive income:Three months
ended
June 30%

Net income
per share

Net income
per share(diluted)

YenYen2017
2016

Millions of yen

50,521
20.6
41,905(43.3)
April-June 2017
April-June 2016

Millions of yen

40,83630,240%35.0(40.4)――

210.65155.92(2) Consolidated Financial Position
Total assetsNet assets

Equity ratio

Millions of yen

Millions of yen%

June 30, 2017
March 31, 2017
(Reference) Equity:%

55,746
34.1
41,570(47.2)¥45,313 million－%(¥1,347 million)－%

1,564,892
1,373,546
87.4
1,564,769
1,369,457
87.1
June 30, 2017
¥1,367,961 million
March 31, 2017 ¥1,363,155 million

2. Dividends
Dividends per share
1stQuarter2ndQuarter3rdQuarter

Year-end
Dividends

Full year

Yen

Yen

Yen

Yen

Yen

2016
186.20208.98395.18――2017―2017――――(forecast)
Note: We have not changed the forecasts of dividends from the latest ones.
Note: The forecasts of the 2nd quarter-end and year-end dividends for the year ending March 31, 2018, will be
disclosed promptly upon their availability.

3. Consolidated Financial Forecasts for the Year Ending March 31, 2018 (April 1, 2017 – March 31, 2018)(% 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 parentMillions of yen%

Millions of yen%

Millions of yen%

2nd Quarter
329,100
28.0
100,900
28.7
103,500
27.4(Cumulative)
Fiscal period
611,400
13.9
169,800
10.8
179,200
6.1
Note: We have changed the forecasts of financial results from the latest ones.

Millions of yen%

Yen

75,80026.0

391.02

131,500

3.0

678.35*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: No

2. Changes in accounting principles other than 1: No

3. Changes in accounting estimates: No

4. Revisions/restatements: No(4) Number of shares outstanding (Common shares)
1. Number of shares outstanding at the end of the period (including treasury stocks)
204,059,017
June 30, 2017
March 31, 2017
shares
2. Number of treasury stocks
June 30, 2017

204,072,715
shares

10,205,496
sharesMarch 31, 201710,216,648
shares

3. Average number of shares during the period
193,854,349
April-June 2017
sharesApril-June 2016

193,943,543
shares＊ The report of the quarterly financial results is not subject to the quarterly review.
＊ 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 2nd quarter-end and the year-end dividends for the year ending March 31,
2018, will be disclosed promptly upon their availability.

Table of Contents of Accompanying Documents

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

22

(2)

Financial Position

2(3)Financial Results Forecasts

3

2. Consolidated Quarterly Financial Statements

43.

(1)

Consolidated Quarterly Balance Sheet

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

5

Consolidated Quarterly Statement of Income

5

Consolidated Quarterly Statement of Comprehensive Income

6

Other Information

7(1)

Changes in Significant Subsidiaries during the period7(2)Adoption of Simplified and Specifically Applied Accounting
Method for Quarterly Consolidated Financial Reporting

7

Changes in Accounting Principles and Accounting Estimates,and Revisions/Restatements

7(4)Note on Premise of a Going Concern7(5)Note on the Substantial Change in the Shareholders’ Equity

7(3)

1

1. Results of Operations and Financial Position(1) Results of Operations
The FANUC Group’s results for the first quarter (April to June 2017) are as follows.
In the FA Division, the machine tool industry, the primary market for FANUC CNC systems,
experienced a rapid recovery in China and favorable performance in South Korea and other countries.
Sales in Japan and Europe were also steady. With regard to our lasers, although sales remainedsluggish both in Japan and overseas, we continued to focus our efforts on expanding sales of fiber laser
oscillators. Under such circumstances, net sales in the FA Division increased compared with thecorresponding period of the previous fiscal year.
In the Robot Division, sales in the Americas and Europe and sales to the general industries in China
continued to remain favorable. Particularly, demand in China was very robust. Orders tend to increase
also in Japan. As a result, net sales in the Robot Division increased sharply compared with thecorresponding period of the previous fiscal year.
In the Robomachine Division, sales of ROBODRILLs (small machining center), ROBOSHOTs(electric injection molding machine) and ROBOCUTs (wire-cut electric discharge machine) were steadyfor the automobile market and general markets, while short-term IT-related demand became active inChina and Taiwan. Accordingly, net sales increased significantly compared with the corresponding
period of the previous fiscal year.
Under these circumstances, the FANUC Group strived to earn customers’ trust in our products andservices to an even greater extent, by becoming united as one group under the slogans “one FANUC,”“Reliable / Predictable / Easy to Repair,” and “Service First.” In addition, as well as proceeding with theapplication of AI technology to our products, we pressed forward with measures to achieve continuous
development in our business, including preparations for the startup of FIELD system (FANUC Intelligent
Edge Link and Drive system).
As a result, during the three months from April to June 2017, FANUC posted consolidated net sales
totaling ¥168,490 million, up 32.1%, consolidated ordinary income totaling ¥55,746 million, up 34.1%,and consolidated net income totaling ¥40,836 million, up 35.0%, compared with the corresponding
period of the previous fiscal year.
Looking at the performance by business group, the FA Division posted consolidated sales totaling¥48,916 million, up 20.2%, the Robot Division posted consolidated sales totaling ¥54,572 million, up
29.6%, the Robomachine Division posted consolidated sales totaling ¥44,528 million, up 69.4%, and theService Division posted consolidated sales totaling ¥20,474 million, up 10.6%, compared with thecorresponding period of the previous fiscal year.
(Note): “Net income” in “Results of Operations and Financial Position” means “Net income attributable toowners of parent” in the Consolidated Statement of Income.

(2) Financial Position
Total assets were ¥1,564,892 million, up ¥123million compared with the end of the previous fiscal year.
Total liabilities were ¥191,346 million, down ¥3,966 million compared with the end of the previous fiscalyear.
Total net assets were ¥1,373,546 million, up ¥4,089 million compared with the end of the previous fiscalyear.

2

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 new shareholder return policy we announced on April 27,2015. (There was no effect on the amount of total net assets.)(3) Financial Results Forecasts
It is anticipated that the demands in the U.S., China and other Asia markets will remain strong for a while.
The FANUC Group will actively respond to these demands, while making all-out efforts to expand salesin Europe.
On the other hand, the situation is expected to remain challenging and unpredictable as a whole, due
to factors including foreign exchange fluctuation.
The present forecast for consolidated financial results for the year ending March 31, 2018 is asfollows:

For the first half of the fiscal year 2017 (April 1, 2017 through September 30, 2017)(Millions of yen)Previous forecast(released on
April 27, 2017)

New forecast

Comparison with
Previous forecast (%)

Net sales

299,600

329,1009.8

Operating income

92,100100,900

9.6

Ordinary income

92,100103,500

12.4

Net income

66,90075,80013.3

For the fiscal year 2017 (April 1, 2017 through March 31, 2018)(Millions of yen)Previous forecast(released on
April 27, 2017)

New forecast

Comparison with
Previous forecast (%)

Net sales

569,800

611,400

7.3

Operating income

155,500

169,800

9.2

Ordinary income

160,500

179,200

11.7

Net income

116,900
131,500
12.5
Note: The currency rate applied to the period from July 1, 2017 to March 31, 2018 is averaged at 100yen/US dollar and 115 yen/euro.

32. Consolidated Quarterly Financial Statements(1) Consolidated Quarterly Balance Sheet
March 31, 2017
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
Land
Other, net
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
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 shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

4(Millions of yen)
June 30, 2017629,761
120,787
145,000
60,58043,892
13,86447,047(1,287)
1,059,644

614,623
127,993145,000
65,50750,565
16,06735,951(1,291)
1,054,415

195,765
134,400
76,225406,390
4,687

195,131
134,466
82,600412,197
5,938

72,19521,855(2)
94,048505,125
1,564,769

71,35320,991(2)
92,342
510,477
1,564,89236,011
22,994
6,994
54,716
120,715

38,447
17,502
7,309
57,611
120,869

71,175
3,422
74,597
195,31267,012
3,465
70,477
191,346

69,01496,2081,307,254(90,677)
1,381,799

69,01496,265
1,307,479(90,635)
1,382,123

8,594
(710)
(26,528)(18,644)
6,302
1,369,457
1,564,769

8,923
270
(23,355)(14,162)
5,585
1,373,546
1,564,892

(2) Consolidated Quarterly Statement of Income andConsolidated Quarterly Statement of Comprehensive Income
Consolidated Quarterly Statement of Income(Millions of yen)Three months ended
June 30, 2016

Three months ended
June 30, 2017

Net sales

127,582

168,490

Cost of goods sold67,07594,944Gross profit

60,50773,546

Selling, general and administrative expenses

18,602

23,025

Operating income

41,90550,521

Interest income

604

738

Dividends income

491

615

2,349

2,997

438

1,236

3,882

5,586

4

202

Foreign exchange losses

3,578-Miscellaneous expenses

635

159

Total non-operating expenses

4,217

361

Ordinary income

41,57055,746

Income before income taxes

41,57055,746

Income taxes-current

9,238

14,583

Income taxes-deferred

2,001

202

Total taxes and others

11,23914,785

Net income

30,33140,961Non-operating income

Equity in earnings of affiliates
Miscellaneous income
Total non-operating income
Non-operating expenses
Loss on sales and retirement of noncurrent assets

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

591

125

30,24040,836

Consolidated Quarterly Statement of Comprehensive Income(Millions of yen)Three months ended
June 30, 2016

Three months ended
June 30, 201730,33140,961(295)329

Foreign currency translation adjustment(28,517)

2,521

Remeasurements of defined benefit plans

634

3,173

Share of other comprehensive income of affiliates
accounted for using equity method(3,500)(1,671)

Total other comprehensive income(31,678)

4,352

Comprehensive income for the three months ended
June 30(1,347)

45,313

Owners of parent(914)

45,317

Non-controlling interests

(433)

(4)

Net income
Other comprehensive income
Valuation difference on available-for-sale securities

Comprehensive income attributable to:63.

Other Information1)

Changes in Significant Subsidiaries during the period(changes in specific subsidiaries that caused change in scope ofconsolidation):

None

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

None

Changes in Accounting Principles and Accounting Estimates, andRevisions/Restatements:

None

4)

Note on Premise of a Going Concern:

None

5)

Note on the Substantial Change in Shareholders’ Equity：

None2)

3)7