(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 Annual Financial Results(based on Japanese standards)
For the Year ended March 31, 2022
April 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 the Annual Meeting of Shareholders: June 29, 2022
Scheduled date of commencing of dividend payments: June 30, 2022
Scheduled date of filing the Securities Report: June 30, 2022
Availability of supplementary briefing material on annual financial results: Available
Schedule of annual financial results briefing session: Scheduled
1. Consolidated Financial Results for the Year Ended March 31, 2022 (April 1, 2021 – March 31, 2022)(1) Consolidated Results of Operations(% represents changes from the previous term.)
Net income
Net sales
Operating income
Ordinary income
attributable to ownersof parent
YoYchange%Millions of yen

Millions of yen

YoYchange%Millions of yen

YoYchange%YoYchange%Millions of yen

FY2021
733,008
33.0
183,24062.9
213,395
65.8
155,273
65.2
FY2020551,287
8.5
112,51427.4
128,74425.2
94,01228.1
Note: Consolidated comprehensive income: FY2021: ¥ 201,257 million 62.2% FY2020: ¥ 124,079 million
116.3%Net income
per share

Net income
per share(diluted)

Return on equity

Ordinary
income-to-total
capital ratio

Operatingincome-to-net
sales ratio

Yen

Yen

%

%

%

FY2021809.49—10.5
12.5
FY2020490.11—
6.8
8.2(Reference) Equity in earnings of affiliates: FY2021: ¥23,126 million
FY2020: ¥11,640 million

25.0
20.4

(2) Consolidated Financial Position
Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen%

Cash flows fromoperating activities

Cash flows frominvesting activities

Cash flows fromfinancing activities

Millions of yen

Millions of yen

Millions of yen

FY2021
1,783,964
FY20201,625,191(Reference) Equity: FY2021: ¥1,535,809 million

1,549,879
86.1
1,435,554
87.7
FY2020: ¥1,425,479 million(3) Consolidated Cash Flow Position

FY2021
FY2020125,581
117,996(53,929)(16,770)(89,154)(53,132)

Net assets
per shareYen

8,006.53
7,431.58

Cash and cash
equivalents at end of
periodMillions of yen

574,655
577,919

2. Dividends
Total
amount ofdividends(full year)

Payoutratio(consolidated)

Millions of yen%

Dividends per share(Cut-off date)

1st
Quarter

2nd
Quarter

3rd
Quarter

Yen

Yen

Yen

Year-end Full year
Dividends
Yen

Yen

Dividends-tonet assets
Ratio(consolidated)%

FY202087.93
206.14294.0756,40760.0
4.1――
FY2021246.02239.68
485.7093,16860.0
6.3―
FY2022――――――(forecast)
Note: The forecasts of the 2nd quarter-end and year-end dividends for the year ending March 31, 2023, will
be disclosed promptly upon their availability.
3. Consolidated Financial Forecasts for the Year Ending March 31, 2023 (April 1, 2022 – March 31, 2023)(% 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 parent
Millions of yen

YoYchange%Millions of yen

YoYchange%Millions of yen

YoYchange%Millions of yen

YoYchange%2nd Quarter(Cumulative)

410,800

16.9

97,3003.6

113,900

5.6

83,0005.5

432.70Fiscal period

825,500

12.6

197,300

7.7

227,400

6.6

166,200

7.0

866.44*Notes(1) Changes in Significant Subsidiaries during the year ended March 31, 2022
(changes in specific subsidiaries that caused change in scope of consolidation) :

Yen

No

(2) 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 refer to “4. Consolidated Financial Statements and Primary Notes (5)Notes to Consolidated Financial Statements (Changes in accounting principles)” on Page 16
in Attachment.
(3) Number of shares outstanding (Common shares)
1. Number of shares outstanding at the end of the period (including treasury stocks)
201,909,397
March 31, 2022
March 31, 2021
shares
2. Number of treasury stocks
March 31, 2022

10,089,875
shares

3. Average number of shares during the period
191,817,323
Year ended
sharesMarch 31, 2022

201,922,097
sharesMarch 31, 2021

10,108,169
sharesYear ended
March 31, 2021

191,820,543
shares(Reference) Summary of Non-Consolidated Financial Results

1. Non-Consolidated Financial Results for the Year Ended March 31, 2022 (April 1, 2021 – March 31,
2022)(1) Non-Consolidated Results of Operations(% represents changes from the previous term.)
Net sales
Operating income
Ordinary income
Net income
Millions of yen

FY2021
FY2020

FY2021
FY2020578,260
415,939

YoYchange%Millions of yen

39.0
18.0

132,768
63,481

YoYchange
%

109.1
67.1

Net income
per share

Net income
per share(diluted)

Yen

Yen

636.35367.28Millions of yen

159,216
87,889YoYchange
%

81.2
30.0

Millions of yen

122,064
70,451

YoYchange
%

73.3
28.8

—
—

(2) Non-Consolidated Financial Position
Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen%

FY2021
1,307,224
1,150,023
88.0
FY20201,236,223
1,116,242
90.3(Reference) Equity: FY2021: ¥1,150,023 million
FY2020: ¥1,116,242 million

Net assets
per share
Yen

5,995.34
5,819.40＊ The report of the annual 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 touncertain factors such as supply and demand trends, industry competition, economic conditions, andothers in major markets. Actual results may differ from these forecasts. For the details of the financial
forecasts, please refer to “Future Outlook” on page 5 of the Accompanying Documents. The forecasts ofthe 2nd quarter-end and the year-end dividends for the year ending March 31, 2023, will be disclosed
promptly upon their availability.

Table of Contents of Accompanying Documents
１．Overview of Results of Operations and Financial Position

2(1)

Overview of Results of Operations

2(2)

Overview of Financial Position

4(3)

Overview of Cash Flows

4(4)

Future Outlook

5(5)Basic Policy on Return of Profit to Shareholders andDividends for the Period ended March 31, 2022

5

２．Management Policy, Business Environment, Challenges,
and Other Matters

6(1)

Basic Management Policy

6(2)Business Environment and Challenges

6

３．Basic Way of Thinking Regarding the Choice of
Accounting Standards

8

４．Consolidated Financial Statements and Primary Notes(1)

Consolidated Balance Sheets(2)

Consolidated Statements of Income and99Consolidated Statements of Comprehensive Income

11

(3)

Consolidated Statements of Changes in Net Assets

13

(4)

Consolidated Statements of Cash Flows

15

(5)

Notes to Consolidated Financial Statements

16（Note on premise of a going concern）

16（Changes in accounting principles）

16（Changes in presentation methods）

16（Segment information, etc.）

16（Per share data）

17（Significant subsequent events）

171

1. Overview of Results of Operations and Financial Position(1) Overview of Results of Operations
Regarding the circumstances surrounding the FANUC Group during this fiscal year (April 1, 2021
– March 31, 2022), 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 madevigorously. The outlook has remained uncertain, however, due to the 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
and service activities for our customers while placing utmost priority on preventing the spread of
COVID-19. In particular, with regard to the shortages of semiconductors and other components, theentire company has become involved and has done every effort to minimize the impact of such
shortages by taking measures such as utilizing alternative parts and even changing the design of our
products.
Even under such difficult circumstances as these, the FANUC Group has pushed forward withinitiatives towards future development, including the development of new products and newfunctions and increasing of production capacity at our factories.
In addition, amid the global push toward a carbon-free society, we recognize that climate change
is an important management issue for the FANUC Group as we are doing business globally.
Accordingly, we have set ourselves a long-term goal of achieving net-zero greenhouse gas
emissions through the Group’s business activities by 2050, and a medium-term goal of a 42%
reduction in these same emissions by 2030 (relative to emissions for 2020). In order to achievethese goals, we will promote the installation of solar panels in-house and efforts towards
energy-saving measures at our factories, etc. We will also push forward with efforts to make ourcompany products even more energy-efficient.
During the fiscal year ended March 31, 2022, FANUC posted consolidated net sales totaling¥733,008 million, up 33.0%, consolidated ordinary income totaling ¥213,395 million, up 65.8%, andnet income attributable to owners of parent totaling ¥155,273 million, up 65.2%, compared with theprevious fiscal year.
During fiscal year ended March 31, 2022, the "FANUC ROBOCUTs α-CiC Series" wire
electrical-discharge machine, which, in addition to being designed to deliver high machining
performance and operating rates, also pursues ease of use, won the "Nikkan Kogyo Shimbun Best
10 New Product Awards 2021/Main Award". Further, the collaborative robot "FANUC Robot
CRX-10iA", which is equipped with all of “Safety”, “Ease of Use” and “High Reliability” won the"Japan Techno-Economics Society Chairperson’s Award” at the 10th Technology Management andInnovation Award sponsored by the Japan Techno-Economics Society. In addition, the "FANUCROBOSHOTs α-SiB Series, equipped PANEL iH Pro display device"—the largest in the industry
2with a 21.5-inch display device—that can simultaneously display two screens for showing suchinformation as the operation condition settings, the molding process display, and peripheral device
information, won the "Japan Society of Industrial Machinery Manufacturers Award at the 51st
Machine Design Award(IDEA) ".
The following is a summary of the results for each business division:[FA Division]
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 on a global scale from Europe,
the Americas, Asia, Japan as well as from China. Sales of the CNC systems for machine tools also
increased in line with this increase in demand. In February 2022, the cumulative production number
for the Company’s CNC systems reached 5 million units.
With regard to our lasers, the Chinese market and the European market are on a recovery trend,but competition from overseas manufacturers remains fierce.
The FA Division posted consolidated sales totaling ¥226,165 million, up 51.5% compared withthe previous fiscal year, and FA Division sales accounted for 30.9% of consolidated net sales.
[ROBOT Division]
In the ROBOT Division, sales in China remained strong, mainly in IT-related industries and forEVs, heavy machinery and construction machinery. Strong sales were also recorded in the UnitedStates, to general industries and the automobile industry with EV-related demand, and demand fromgeneral industries in Europe also remained strong. In Japan, there was a gradual recovery in termsof demand, with sales increasing compared with the corresponding period of the previous fiscal year.
The ROBOT Division posted consolidated sales totaling ¥268,478 million, up 27.8% compared withthe previous fiscal year. ROBOT Division sales accounted for 36.6% of consolidated net sales.
[ROBOMACHINE Division]
In the ROBOMACHINE Division, sales of the ROBODRILLs (compact machining centers)
increased, due to demand for use in the personal computer and tablet markets in China. Sales of the
ROBOSHOTs (electric injection molding machines) increased due to strong demand from IT-related
and medical markets. Sales of the ROBOCUTs (wire electrical-discharge machines) increased due
to strong demand from IT-related and automobile component markets.
The ROBOMACHINE Division posted consolidated sales totaling ¥144,633 million, up 26.3%
compared with the previous fiscal year. ROBOMACHINE Division sales accounted for 19.7% ofconsolidated net sales.
3[Service Division]
In the Service Division, sales recovered to the same level as in normal years.
The Service Division posted consolidated sales totaling ¥93,732 million, up 20.9% compared withthe previous fiscal year. Service Division sales accounted for 12.8% of consolidated net sales.

(2) Overview of Financial Position
Total assets were ¥1,783,964 million, up ¥158,773 million compared with the end of the previous
fiscal year.
Total liabilities were ¥234,085 million, up ¥44,448 million compared with the end of the previous
fiscal year.
Total net assets were ¥1,549,879 million, up ¥114,325 million compared with the end of theprevious fiscal year.

(3) Overview of Cash Flows
Cash and cash equivalents (hereinafter “Cash”) for this fiscal year amounted to ¥574,655 million,
down ¥3,264 million from the end of the previous fiscal year.
(Cash flows from operating activities)
Cash provided by operating activities during this period amounted to ¥125,581 million, up ¥7,585
million from the previous fiscal year. This was mainly due to the increase in the income before
income taxes.
(Cash flows from investing activities)
Cash used in investing activities during this period amounted to ¥53,929 million, up ¥37,159
million from the previous fiscal year. This was mainly because proceeds from withdrawal of time
deposits decreased.
(Cash flows from financing activities)
Cash used in financing activities during this period amounted to ¥89,154 million, up ¥36,022
million from the previous fiscal year. This was mainly due to the increase in dividends paid.

4(4) Future Outlook
The outlook is uncertain owing to factors such as the increased geopolitical risk and effect of the
spread of COVID-19, and the Company anticipates an impact from soaring costs for components,
raw materials, and logistics. However, the Company expects that strong demand will continue invarious areas in the fields of FA, ROBOT, and ROBOMACHINE, and as such, the Company
forecasts consolidated financial results for fiscal 2022 (the fiscal year ending March 31, 2023), as
follows.

Full-year financial forecast for the year ended March 31, 2023
Amount(Millions of yen)

Ratio of change fromthe previous fiscal
year (%)

Net sales

825,500

12.6

Operating income

197,300

7.7

Ordinary income

227,400

6.6

Net income attributable to owners of parent

166,200

7.0

Note: The currency rate applied to the period from April 1, 2022 to March31, 2023 is averaged at
125 yen/US dollar and 135 yen/Euro.

(5) Basic Policy on Return of Profit to Shareholders and Dividends for the Period ended March
31, 2022
Our basic policy for distributing profits to shareholders is as follows:
1. Dividends
We have set a dividend payout ratio of 60% as our basic policy.
2. Share buybacks
We will buy back our own shares in a flexible manner depending on the level of our stock
price, taking into account the balance with our investments for growth.
3. Cancellation of treasury shares
We limit the number of our treasury shares to 5% of the total number of shares issued. As ageneral rule, we will cancel any portion exceeding that limit every fiscal year.

5Dividends for this period are scheduled as follows:
Second half(forecast)First half

Full year(forecast)

Payout ratio

Current period (fiscal year
ended March 31, 2022)

Yen
246.02

Yen
239.68Yen
485.7060.0%(Reference)Previous period (fiscal year
ended March 31, 2021)

Yen
87.93

Yen
206.14Yen
294.0760.0%

2. Management Policy, Business Environment, Challenges, and Other Matters(1) Basic Management Policy
FANUC has consistently pursued factory automation since 1955 when it started the developmentof NCs (numerical controls).
The targets at its beginnings were to become a company, though small in size, having therobustness of a giant with roots firmly spread in the ground, and to concentrate on technology to go
forward, by “walking a straight and narrow path.” This is being pursued to this day.
In order to turn this vision into reality, the FANUC Group has established“Genmitsu (Strict Preciseness)” and “Tomei (Transparency)” as its basic principles. In theseprinciples lie the belief that a company will last forever and be sound with strict preciseness, and thatthe corruption of an organization and downfall of a company will start from a lack of transparency.
FANUC engages in the FA, ROBOT and ROBOMACHINE businesses. The FA Unit encompasses
basic technologies consisting of NCs, servos and lasers, which are also applied to the ROBOT and
ROBOMACHINE Units. In addition, by actively incorporating IoT・AI technologies in all three areas,
the company endeavors to make FANUC products more efficient for customers to use.
Being true to its origins as a supplier of capital goods, maintenance and service support isprovided for FANUC products for as long as they are used by customers.
Through such activities, the FANUC Group contributes to the development of manufacturingindustries in Japan and overseas, by promoting automation and efficiency in customers’ factories.
FANUC expects to steadily grow in the field of factory automation, which is extremely promising in
the mid-to-long term.

(2) Business Environment and Challenges
As FANUC products are production goods that are significantly affected by economic changes,
we continue management from a long-term perspective without being affected by short-term events.
Regarding the business environment surrounding the FANUC Group, with increased geopoliticalrisk and the impact of the increasing spread of COVID-19 and others, it is anticipated that thesituation will remain difficult and unpredictable for some time. On the other hand, the demand for6

factory automation is expected to grow over the mid-to-long term.
Guided by the slogan “one FANUC,” the FANUC Group will take maximum advantage of ourunique strength in uniting our FA, ROBOT, and ROBOMACHINE Divisions to jointly provide totalsolutions and take care of customers throughout the world. In particular, we perceive collaboration
between CNC machine tools and Robots, and between Robomachines and Robots, as one of our
key themes, and will develop products accordingly.
In addition, the FANUC Group will adhere to its origins as a producer of production goods to be
used at manufacturing sites, and will be thorough in implementing our slogan “Reliable”,“Predictable”, "Easy to Repair” in product development, to minimize downtime in our customers’
factories and improve their operating rates. Moreover, we will develop products with an even greater
focus on ease of use, in order to respond to the increase in demands for factory automation, as
acquiring skilled workers becomes more difficult.
Furthermore, we will practice our basic policy of “Service First” in providing high-level
maintenance services pursuant to FANUC’s global standard anywhere in the world, and “lifetime
maintenance” for as long as our customers use our products. In particular, we will continue to focus
on “lifetime maintenance,” as it is one of the core strengths of the FANUC Group, which is difficult forcompetitors to imitate.
The FANUC Group believes that IoT・AI are indispensable technologies for FANUC to continue
developing and launching highly competitive products to the market. By aggressively adopting thesetechnologies in all areas of FA, ROBOT, and ROBOMACHINE products, we will further promotecustomers’ production efficiency. We will continue to develop IoT technologies, such as the “FIELD
system” open platform. With regard to AI technologies, we will develop functions that will be useful inactual manufacturing sites. For technologies that the Company does not possess, we will continue toactively collaborate with other companies, and strive to engage in speedy development.
We will pursue measures to strengthen our corporate structure from a long-term perspective,
such as reinforcing product competitiveness, strengthening sales and service activities, promoting
automization and robotization in factories, and enhancing administrative efficiency. In addition, as asupplier of production goods, we are establishing multiple production sites and service centers inorder to fulfill our responsibilities as a supplier and maintain service activities under any
circumstance. Furthermore, we are also fortifying our supply chain by increasing the number of parts
suppliers and maintaining appropriate inventory levels for parts.
Along with such activities, the FANUC Group is also striving to maintain its strong corporate
structure by reducing expenses and time, and streamlining business operations. In addition, we
consider human resources as being most vital for achieving medium and long-term growth. From
this perspective, we will work on the key issues of creating better working environments for our
employees and further improving employee motivation.
With regard to management, we will focus even more on the fact that FANUC’s products canmake major contributions to the achievement of SDGs. In addition to the operating income ratio,
ordinary income ratio, and ROE, market shares will also be considered to be an important businessindicator, and decisions will be made comprehensively with these in mind.
7

As a pressing issue, the FANUC Group is prioritizing the prevention of COVID-19 infection
among its customers, partners, employees, and family members, along with containing its spread,
while striving to continue to provide products and services to customers.
The FANUC Group will continue to thoroughly practice our basic principles of “Strict Precisenessand Transparency,” and promote such measures united as one group in all aspects, in order to gain
more customer confidence and trust in the FANUC Group while adapting to dramatic changes in theenvironment, in our efforts to become a company that will continue forever.

3.Basic Way of Thinking Regarding the Choice of Accounting Standards
In consideration of enabling the comparison of consolidated financial statements for designatedperiods and comparison with other companies, FANUC will continue its policy of generating
consolidated financial statements according to Japanese standards for the foreseeable future.

8

4. Consolidated Financial Statements and Primary Notes(1) Consolidated Balance Sheets(Millions of yen)March 31, 2021

March 31, 2022

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

423,515150,195
177,700
114,228
80,00655,33014,996(1,024)

889,694

1,014,946

Buildings, net

309,113

326,459

Machinery and equipment
Land

59,863
148,389
44,40815,07356,665
155,369
24,292
15,348576,846

578,133

9,952

8,933

109,212
31,141
4,772
3,998
(424)

135,70934,607
7,809
4,252
(425)

148,699

181,952

735,497

769,018

1,625,191

1,783,964

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

Construction in progress
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Net defined benefit asset
OthersAllowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets

9

(Millions of yen)March 31, 2021

March 31, 2022

44,015
22,131
8,860
60,11249,47337,572
10,73979,818135,118

177,60249,3795,140

51,693
4,790

54,51956,483

189,637

234,085

69,014
95,99569,01496,082

1,373,018(106,008)

1,441,559(105,950)

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

1,500,705

16,91015,204(4,849)(18,601)

36,087(16,187)(6,540)35,104

10,075

14,070Total net assets

1,435,554

1,549,879

1,625,191

1,783,964

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 liabilities and net assets

10(2) Consolidated Statements of Income and Consolidated Statementsof Comprehensive Income(Millions of yen)

Years ended March 31
2021

2022

Cost of goods sold551,287349,327

733,008437,374

Gross profit

201,960

295,634

Selling, general and administrative expenses

89,446112,394

Operating income

112,514183,240

Equity in earnings of affiliates
Miscellaneous income

2,088
1,339
11,640
3,330

2,055
1,137
23,126
5,956

Total non-operating income

18,39732,274

523

644

85

410

Net sales

Non-operating income
Interest income
Dividends income

Non-operating expenses
Removal expenses of noncurrent assets
Loss on sales and retirement of non-current
assetsDonations

481

397

Litigation settlement
Miscellaneous expenses

―
1,078

288
380

Total non-operating expenses

2,167

2,119

Ordinary income
Extraordinary losses
Loss from money transfer scam at foreignsubsidiary
Total extraordinary losses

128,744

213,395

―

478

―

478

Income before income taxes

128,744

212,917

Income taxes-current
Income taxes-deferred

32,38557,721101(3,294)

Total taxes and others

32,48654,427

Net income

96,258

158,490

2,246

3,217

94,012

155,273

Net income attributable to non-controllinginterests
Net income attributable to owners of parent

11

Consolidated Statements of Comprehensive Income(Millions of yen)
Years ended March 31
2021

2022

96,258

158,490

11,852(1,706)22,072(6,672)30,9692,414

569

11,09027,821

42,767

Comprehensive income

124,079

201,257

Comprehensive income attributable to:
Owners of parent
Non-controlling interests

120,951
3,128

196,917
4,340

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 ofaffiliates accounted for using equity method
Total other comprehensive income12(3) Consolidated Statements of Changes in Net Assets
Year ended March 31, 2021 (April 1, 2020 - March 31, 2021)(Millions of yen)
Shareholders' equity

Balance at March 31, 2020

Common stock

Capital surplus

Retained earnings

Treasury stock, at
cost

Total
shareholders’equity69,01496,265

1,351,122(127,822)

1,388,579

Changes during the year:
Dividends of surplus(50,369)(50,369)

Net income attributableto owners of parent

94,012

94,012

346

346

Changes by merger
Change in equity fromtransactions with
non-controllingshareholders
Purchase of treasury
stock
Disposal of treasury
stock
Retirement of treasurystock
Net change except
shareholders’ equity
during the year
Total changes during theyear
Balance at March 31, 2021

(270)

(270)

2
(2)

(22,093)

(283)

(283)

2

4

22,095

－
－

－

(270)

21,896

21,81443,44069,014

95,995

1,373,018(106,008)

1,432,019

Accumulated other comprehensive income
Valuation
Total accumulated
Foreign currency Remeasurements
difference onothertranslationof defined benefit
available-forcomprehensive
adjustment
plans
sale securities
incomeBalance at March 31, 2020

5,058

(26,608)(11,929)(33,479)

Noncontrollinginterests
7,765

Total net assets

1,362,865

Changes during the year:
Dividends of surplus(50,369)

Net income attributableto owners of parent

94,012

Changes by merger
Change in equity fromtransactions with
non-controllingshareholders
Purchase of treasury
stock
Disposal of treasury
stock
Retirement of treasurystock
Net change except
shareholders’ equity
during the year
Total changes during theyear
Balance at March 31, 2021

346

(270)

(283)
4
－
11,852

21,759(6,672)

26,9392,310

29,24911,852

21,759(6,672)

26,9392,310

72,68916,910(4,849)(18,601)(6,540)10,075

1,435,554

13

Year ended March 31, 2022 (April 1, 2021 - March 31, 2022)(Millions of yen)
Shareholders' equity

Balance at March 31, 2021

Common stock

Capital surplus

Retained earnings

Treasury stock, at
cost

Total
shareholders’equity69,014

95,995

1,373,018(106,008)

1,432,019

Changes during the year:
Dividends of surplus(86,732)(86,732)

Net income attributableto owners of parent

155,273

155,273

Changes by merger
Change in equity fromtransactions with
non-controllingshareholders
Purchase of treasury
stock
Disposal of treasury
stock
Retirement of treasurystock
Net change except
shareholders’ equity
during the year
Total changes during theyear
Balance at March 31, 2022

－

－

(234)

(234)

220

159

379

(133)

133

－
－

－

87

68,541

58

68,68669,01496,082

1,441,559(105,950)

1,500,705

Accumulated other comprehensive income
Valuation
Total accumulated
Foreign currency Remeasurements
difference onothertranslationof defined benefit
available-forcomprehensive
adjustment
plans
sale securities
incomeBalance at March 31, 2021

16,910(4,849)(18,601)(6,540)Noncontrollinginterests
10,075

Total net assets

1,435,554

Changes during the year:
Dividends of surplus(86,732)

Net income attributableto owners of parent

155,273

Changes by merger
Change in equity fromtransactions with
non-controllingshareholders
Purchase of treasury
stock
Disposal of treasury
stock
Retirement of treasurystock
Net change except
shareholders’ equity
during the year
Total changes during theyear
Balance at March 31, 2022

－

－

(234)
379
－
(1,706)40,9362,414

41,644

3,995

45,639(1,706)40,9362,414

41,644

3,995

114,325

15,20436,087(16,187)

35,104

14,0701,549,879

14

(4) Consolidated Statements of Cash Flows(Millions of yen)
Years ended March 31
2021

2022

Income before income taxes
Depreciation and amortization
Increase (decrease) in allowance for doubtful
accounts

128,744
45,102212,917
47,077(121)

195

Increase (decrease) in net defined benefit liability(Increase) decrease in net defined benefit asset

Increase (decrease) in payables, trade
Other

4,252
9,040
(3,427)(11,640)(37,122)(16,828)
15,239(2,985)

1,851(2,232)(3,192)(23,126)(14,498)(74,740)
2,758
12,445

Subtotal

130,254

159,455

Interest and dividends received
Income taxes paid

7,082
(20,153)

8,056(43,332)

813

1,402

117,996

125,581

Payments into time deposits(31,849)(29,199)

Proceeds from withdrawal of time deposits
Purchases of property, plant, and equipment

40,021(21,768)

12,012(34,363)

Cash flows from operating activities

Interest and dividend income
Equity in (earnings) losses of affiliates(Increase) decrease in receivables, trade(Increase) decrease in inventories

Other
Net cash provided by operating activities
Cash flows from investing activities(3,174)(2,379)(16,770)(53,929)

(283)

(234)

(50,484)(2,365)(86,799)(2,121)

Net cash used in financing activities
Effect of exchange rate changes on cash and cash
equivalents(53,132)(89,154)

14,465

14,238Net increase (decrease) in cash and cash equivalents

62,559(3,264)

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

515,008

577,919352―

Cash and cash equivalents at end of year

577,919574,655

Other
Net cash used in investing activities
Cash flows from financing activities
Purchases of treasury stock
Dividends paid
Other

15

(5)

Notes to Consolidated Financial Statements(Note on premise of a going concern)
Not applicable(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
fiscal year ending March 31, 2022. Under Accounting Standard for Revenue Recognition, theCompany 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 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 beginningof 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 for Financial
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 financial
statements.
(Changes in presentation methods)(Consolidated statement of income related)
In the previous consolidated fiscal year, “Loss on valuation of investment securities” under“Non-operating expenses” was shown independently.
However, as its monetary significance has become negligible, starting from the current
consolidating fiscal year, it is shown after including in “Miscellaneous expenses” under“Non-operating expenses”.
Also, “Loss on sales and retirement of non-current assets” shown after including in “Miscellaneous
expenses” under “Non-operating expenses” in the previous consolidated fiscal year. However as its
monetary significance has become substantial, starting from the current consolidating fiscal year, it isshown independently.
For incorporating this revision of the presentation method, the consolidated financial statements
for the previous consolidated fiscal year have been reclassified.
As a result, “Loss on valuation of investment securities” of ¥772 million and “Miscellaneous
expenses” of ¥391 million shown under “Non-operating expenses” have been reclassified as “Losson sales and retirement of non-current assets” of ¥85 million and “Miscellaneous expenses” of¥1,078 million.
(Segment information, etc.)
1. Segment information
Year ended March 31, 2021 (April 1, 2020 – March 31, 2021) andYear ended March 31, 2022 (April 1, 2021 – March 31, 2022)
FANUC Group focuses on the development, production, and sales of CNC systems and related
application products based on FANUC’s CNC system technologies as a comprehensive supplier offactory automation (FA) systems. Ultimately, FANUC CNC systems and the related application
products are used in automated production systems.
FANUC Group uses its CNCs and servo motors to manufacture all of its products. For this reason,
the decision is made, taking into consideration the status of orders, sales and production of all
16

products, in addition to the status of particular products.
As mentioned above, FANUC Group runs only one business segment based on the decision thatthe entire group makes for investment. Thus, the segment information is not stated herein.
2. Relevant information
Year ended March 31, 2022 (April 1, 2021 – March 31, 2022)(1)

Information by product and serviceFA

Net sales tounaffiliatedcustomers
(2)

ROBOT

226,165

ROBOMACHINE

268,478

Service

144,633

93,732(Millions of yen)
Total
733,008

Information by region◎ Net sales

Japan
Americas
EuropeAsia
Other111,090
149,735
120,847
346,022
5,314
Note: Net sales are broken down by country or region where customers are located.

(Millions of yen)
Total
733,008

Property, plant and equipment, at cost
(Millions of yen)
Japan
Other
Total
501,528
76,605578,133◎(Per share data)
Fiscal year 2020
Fiscal year 2021
(April 1, 2020 – March 31, 2021)(April 1, 2021 – March 31, 2022)
Net assets per share
7,431.58 yen Net assets per share
8,006.53 yen
Net income per share
490.11 yen Net income per share
809.49 yen
Net diluted income per share is not stated herein Net diluted income per share is not stated hereinas there exist no dilutive shares.
as there exist no dilutive shares.

Note: Net income per share is calculated based on the following:
Fiscal year 2020

Fiscal year 2021

(April 1, 2020 – March 31, 2021)(April 1, 2021 – March 31, 2022)

94,012

155,273――

94,012

155,273

191,821

191,817

Net income attributable to owners ofparent (Millions of yen)Amount not accruing to common shares(Millions of yen)
Net income attributable to owners ofparent, assigned to common share(Millions of yen)
Average number of shares outstanding(Thousands of share)(Significant subsequent events)
Not applicable17