April 26, 2013

Annual Financial Results
For the Year ended March 31, 2013
Corporate name:
FANUC CORPORATION
Stock code:
6954
Stock exchange listing:Tokyo Stock Exchange
URL:
http://www.fanuc.co.jp/
Representative:
Yoshiharu Inaba, CEO and President
Contact:
Toshiya Okada, Member of the Board TEL (0555)84－5555
Annual Meeting of Shareholders: June 27, 2013
Start of cash dividend payments: June 28, 2013
1. Consolidated Financial Results for the Year Ended March 31, 2013 (April 1, 2012 – March 31, 2013)(1) Consolidated Results of Operations
Net sales
Operating income
Ordinary income
Net income
Millions of yen

YoYchange%Millions of yen

YoYchange%Millions of yen

YoYchange%Millions of yen

YoYchange%2012498,395(7.4)
184,821(16.7)
191,242(16.3)
120,484(13.2)
2011
538,492
20.7
221,83416.9
228,57817.0
138,819
15.5
Note: Consolidated comprehensive income for the year ended March 31, 2013 is ¥148,687 million, up 12.1%,
and for the year ended March 31, 2012 is ¥132,590 million, up 23.7%.
Ordinary
Operating
Net income
Net income
per share
Return on equity
income-to-total
income-to-net
per share(diluted)
capital ratio
sales ratio
Yen

％

Yen

％

％

2012
615.59
11.6
16.3
37.1
2011
709.20
14.8
21.3
41.2
Note: Investment profit/(loss) on equity method for the year ended March 31, 2013 is ¥2,932 million
and for the year ended March 31, 2012 is ¥3,499 million.
(2) Consolidated Financial Position
Net assets
Total assets
Net assets
Equity ratio
per share
Millions of yen％

Millions of yen

Yen

2012
1,219,113
1,094,129
89.3
2011
1,130,625
985,32286.8
Note: Equity capital for the year ended March 31, 2013 is ¥1,089,260 million
and for the year ended March 31, 2012 is ¥981,323 million.
(3) Consolidated Cash Flow Position
Net cash provided by Net cash provided by Net cash provided by(used in) operating(used in) investing(used in) financing
activities
activities
activities
Millions of yen

2012
2011

Millions of yen

158,848
144,223

Millions of yen(43,964)(42,097)

5,565.64
5,013.69

Cash and cash
equivalents at end of
periodMillions of yen(39,838)(42,052)

727,751
637,069

2. Dividends
Dividends per share(Cut-off date）

1st
Quarter

2nd
Quarter

3rd
Quarter

Yen

Yen

Yen

Year-end
Full year
Dividends
Yen

Yen

Total
amount ofdividends(full year)

Payoutratio(consoli
dated)

Dividendstonet assets
Ratio

Millions of yen

％

％

2011
―
113.76―99.01
212.7741,646
30.0
4.4
2012
―
102.64―82.04
184.6836,145
30.0
3.5
2013
―
―
―
―
―
―
（forecast）
Note: With regard to the 2nd quarter-end and year-end dividends in year 2013, we expect to disclose them
promptly after we become able to disclose them.

3. Consolidated Financial Forecasts for the First Half of the Year Ending March 31, 2014
(April 1, 2013 – September 30, 2013)
Net sales
Millions of yen

Operating income％

Millions of yen％

Ordinary income
Millions of yen％

Net income
Millions of yen

2nd Quarter
202,000 (23.4)
62,000(39.1)
65,000 (38.2) 41,000(Cumulative)
Fiscal period
Note: “%” denotes the increase/decrease against the same period of the previous year.

％

Net income
per shareYen(38.8)

209.49※ Notes(1) Important changes in scope of consolidation during the period: Not applicable(2) Changes in accounting principles, changes in accounting estimates, and revisions/restatements① Changes in accounting principles associated with changes in accounting standards: Not applicable② Changes in accounting principles other than ①:
Not applicable③ Changes in accounting estimates:
Not applicable④ Revisions/restatements:
Not applicable
Note: For details, please see “The changes in the important matters that constitute the basis forthe preparation of consolidated financial statements” on Page 11 in Attachment.
(3) Number of shares outstanding (Common share)①Number of shares outstanding at end of period (including treasury stocks)
March 31, 2013 : 239,508,317 shares
March 31, 2012 : 239,508,317 shares②Number of treasury stocks
March 31, 2013 : 43,796,678 shares
March 31, 2012 : 43,779,591 shares③Number of average stocks during the period
March 31, 2013 : 195,720,759 shares
March 31, 2012 : 195,739,018 shares(Reference) Summary of Non-Consolidated Financial Results

1. Non-Consolidated Financial Results for the Year Ended March 31, 2013 (April 1, 2012 – March 31, 2013)(1) Non-Consolidated Results of Operations
Net sales
Operating income
Ordinary income
Net income％

Millions of yen

2012
2011

Millions of yen

407,289 (12.2)
464,108
22.2
Net income
per share
Yen

2012
2011

％

％

Millions of yen

162,621 (18.9)
200,50718.7

172,402224,643(23.3)
29.1

Millions of yen％

111,182 (21.7)
142,02134.0

Net income
per share(diluted)
Yen

568.06725.57-(2) Non-Consolidated financial Position
Total assets

Net assets

Equity ratio

Net assets
per share
Yen
4,946.00
4,575.38

Millions of yen
Millions of yen％
2012
1,062,070
967,98991.1
2011
1,011,993
895,533
88.5
Note: Equity capital at end of period
March 31, 2013: 967,989 million yen
March 31, 2012: 895,533 million yen
Note: This report of the annual financial results is not subject to auditing in accordance with the Financial
Instruments and Exchange Act. At the time of the disclosure of these results, the financial statements
herein have not been audited.
Note: 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 financial forecasts, please refer to “② Outlook for the Fiscal YearEnding March 31, 2014” on Page 3 in Attachment. With regard to the forecasts on the annual financial
results as well as the second quarter-end and year-end dividends for the year 2013, we expect to disclose
them promptly after we become able to disclose them.

Attachment
Table of Contents
1.

Results of Operations and Financial Position …………………………….

2(1) Results of Operations ………………………………………………….

2(2) Financial Position …………………………………………………………

3(3) Basic Policy on Return of Profit to Shareholders andDividends for the Current Fiscal Year …………..…………………..

4

2.

Management Policy …………………………………………………………

4

3.

Consolidated Financial Statements……………………………………….

5(1) Consolidated Balance Sheet ………………………………………….

5(2) Consolidated Statement of Income andConsolidated Statement of Comprehensive Income ……………..
(3) Consolidated Statements of Changes in Shareholders’ Equity ……..

68(4) Consolidated Statement of Cash Flow …………………………….… 10(5) Note on the basis for the concern assumed to be ongoing

………

11

(6) Important Matters that constitute the basis forthe preparation of the consolidated financial statements………... 11(7) Changes in the important matters that constitute the basis
for the preparation of consolidated financial statements………… 11(8) Notes to Consolidated Financial Statements ……………………….. 11(Segment Information) …………………………………………..…... 11(Information per share) ……………………………………….…..….

12(Significant subsequent events)…………………………………….

12(Lease transactions, Marketable securities,
Derivative transactions, Business combinations, and etc.).….....

12

Supplement to Consolidated Financial Results ……………………………... 13

1

1.

Results of Operations and Financial Position(1)

Results of Operations① Consolidated Financial Results for the Fiscal Year Ended March 31, 2013
In the 2012 fiscal year, the overseas demands for production equipment, mainly in the European market
with the debt problem and the Chinese market, remained weak as a whole. Particularly in the second halfof the year, the demands for IT-related equipment decreased. Domestic demand was also stagnant.
Additionally the export condition worsened by the historically superstrong yen had a serious impact in thisfiscal year, too. These situations made the business environment around FANUC Group severe.
Under these circumstances, in the field of Research and Development, FANUC pursued further
intelligence and ultra precision of its products, while sticking to the basics of high reliability. In the field of
Production, we achieved an increase in the production capacities including the construction of the newfactories for ROBODRILL in Tsukuba Factory and at the same time enhanced the robotization of its
manufacturing further. By means of these activities, we made best efforts to improve the competitiveness.
We also made its sustained efforts to reduce its cost and expense thoroughly.
As a result, during the fiscal year ended March 31, 2013, FANUC posted consolidated net sales totaling¥498,395 million, down 7.4%, consolidated ordinary income totaling ¥191,242 million, down 16.3%, andconsolidated net income totaling ¥120,484 million, down 13.2%, compared with the previous fiscal year.
Following is a summary of results for each business group:[FA Group]
The machine tool industries, the primary market for FANUC CNC systems, remained in a downturn indemand domestically and abroad. The sales of FANUC decreased substantially since last summer in the
Asian region led by China and, thereafter in the second half of the year, remained in a very difficult condition,although there was slight sign of recovery.
FANUC laser sales remained stagnant domestically and abroad.
As a result, the FA Group posted consolidated sales of ¥200,118 million, a 25.2 % decrease comparedwith the previous fiscal year. FA Group sales accounted for 40.2 % of consolidated net sales.
[Robot Group]
The sales of robots were strong in the American and Japanese markets, led by the automobile industry,
while the European and Chinese markets were weak.
The Robot Group posted consolidated sales of ¥119,149 million, up 3.8 % compared with the previous
fiscal year. Robot Group sales accounted for 23.9 % of consolidated net sales.
[Robomachine Group]
The sales of the ROBODRILL increased due to the continuing good condition from the previous year.
The sales, however, decreased sharply in the overseas market in the second half.
The sales of the ROBOSHOT were weak domestically and abroad.
The sales of the ROBOCUT remained flat in Japan but stagnant overseas.
As to the ROBONANO, we made progress as a result of our reinforcement of the sales activities todevelop the overseas markets.
The Robomachine Group posted consolidated sales of ¥179,128 million, a 14.7 % increase comparedwith the previous fiscal year. Robomachine Group sales accounted for 35.9 % of consolidated net sales.

2② Outlook for the Fiscal Year Ending March 31, 2014
At the present moment, the correction of the strong yen is going on, but unpredictable conditions are
expected to continue with the downward risk of European economy triggered by the European debt problem
and the uncertainty about the future of Chinese economy, etc.
The consolidated financial forecasts for the first half of the fiscal year ending March 31, 2014 arepresently as below:

Sales
Operating Income
Ordinary Income
Net Income

Forecast(Millions of yen)
202,000
62,00065,00041,000Inc./Dec. fromprevious period (%)(23.4)(39.1)(38.2)(38.8)Note) For the period between April 1, 2013 and September 30, 2013, the exchange rate has been
assumed at an average of ¥90/USD and ¥120/Euro.
(2) Financial Position
Balance Sheets
Total assets increased by ¥88,488 million to ¥1,219,113 million compared with the end of the previous
fiscal year. This was attributable to the increases in the consolidated cash flow as described in thefollowing, mainly due to the increase of cash and deposits by ¥90,677 million from the end of the previous
fiscal year.
Total liabilities decreased by ¥20,319 million to ¥124,984 million compared with the end of theprevious fiscal year.
Total net assets increased by ¥108,807 million to ¥1,094,129 million from the end of the previous fiscal
year.
Cash Flows
Net increase in consolidated cash and cash equivalents during the current fiscal year was ¥90,682
million, an increase of ¥34,539 million from the end of the previous fiscal year by the increase/decrease of
cash flows given below in addition to the effect of the exchange rate of ¥15,636 million. As a result,consolidated cash and cash equivalents were ¥727,751 million at the end of the current fiscal year.
[Cash Flows from Operating Activities]
Consolidated net cash provided by operating activities during the current fiscal year totaled ¥158,848
million, an increase of ¥14,625 million from the end of the previous fiscal year. This increase was mainly
attributable to the decrease in trade receivables and inventories.
[Cash Flows from Investing Activities]
Consolidated net cash used in investing activities during the current fiscal year totaled ¥43,964 million,
an increase of ¥1,867 million from the end of the previous fiscal year, mainly reflecting the increase of
payment for the purchase of tangible fixed assets.
[Cash Flows from Financing Activities]
Consolidated net cash used in financing activities during the current fiscal year totaled ¥39,838 million,a decrease of ¥2,214 million, due mainly to the decrease of dividend payments.

3

(3)

Basic Policy on Return of Profit to Shareholders and Dividends for the Current Fiscal Year

FANUC continues its efforts to enhance its business structure in order to return profit, which is linked
to FANUC’s consolidated business results, to its shareholders going forward.
With the return to shareholders, FANUC makes it a basic policy to maintain a payout ratio of 30% of its
consolidated net income for the full business year. In addition, FANUC will buy back its own shares asnecessary, in consideration of stock market conditions.
As is the case with dividend payments, FANUC has established a policy to link bonuses to board
members and employees, who strive to secure profitability under severe market competition, toconsolidated net income.
Since FANUC operates in a fiercely competitive leading-edge industry characterized by rapid
technological innovation, the Company will use its retained earnings under its medium- to long-term plan,
giving priority to develop new products, robotize its production processes and strengthen its overseas
businesses.
In the fiscal year ended March 31, 2013, dividend payments are as follows:First half
dividends

Second half
dividends(to be proposed)

Total annual
dividends(to be proposed)

2012

102.64 yen

82.04 yen

184.68 yen

30.0%

2011(reference)

113.76 yen

99.01 yen212.77 yen

30.0%

Payout ratio(consolidated)

2. Management Policy
Because the Management Policy has not been changed since the financial report for year before last(The Annual Financial Results for the Year ended March 31, 2011 published on April 27, 2011), we will omit it
this time.
Please see the Annual Financial Results for the Year ended March 31, 2011, which can be obtained on
FANUC’s website or other URLs as below:
FANUC’s website
http://www.fanuc.co.jp/
Tokyo Stock Exhange’s website (Search Page for listed companies information)
http://www.tse.or.jp/listing/compsearch/index.html

4

3. Consolidated Financial Statements(1) Consolidated Balance Sheet
March 31, 2012
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Merchandise and finished goods
Work in process
Raw materials and supplies
Deferred tax assets
Other
Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Other
Allowance 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
Other
Total current liabilities
Noncurrent liabilities
Provision for retirement benefits
Other
Total noncurrent liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total accumulated other comprehensive income
Minority interests
Total net assets
Total liabilities and net assets

5(Millions of yen)March 31, 2013

637,076
98,717
41,874
34,058
10,667
19,822
8,191(1,736)
848,669

727,753
81,31837,05327,724
7,407
19,035
7,778(1,628)906,440

79,65628,010114,779
13,318
235,763

94,264
26,322
116,452
27,783
264,821

12,326432
12,758

8,286
461
8,747

26,6357,446(646)
33,435281,956
1,130,625

31,7797,327(1)39,105
312,673
1,219,113

30,19650,1554,590
30,329115,270

22,04430,637
4,937
35,35592,97326,4993,534
30,033
145,30328,172
3,839
32,011
124,984

69,01496,265
1,180,556(311,394)
1,034,441

69,01496,268
1,261,572(311,636)
1,115,218

1,959(55,077)(53,118)
3,999
985,322
1,130,625

2,941(28,899)(25,958)
4,869
1,094,129
1,219,113

(2) Consolidated Statement of Income andConsolidated Statement of Comprehensive Income
Consolidated Statement of Income(Millions of yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Gain on sale of scrap
Investment profit on equity method
Miscellaneous income
Total non-operating income
Non-operating expenses
Foreign exchange losses
Loss on sales and retirement of noncurrent assets
Sales discountDonation
Miscellaneous expenses
Total non-operating expenses
Ordinary income
Income before income taxes and minority interests
Income taxes-current
Income taxes-deferred
Total income taxes
Income before minority interests
Minority interests in income
Net income

6

Years ended March 31
2012
2013
538,492
498,395
262,120
258,670
276,372
239,725
54,53854,904
221,834
184,821
1,912
651
825
3,499
1,123
8,010

1,952
815
490
2,932
1,248
7,437

600
185
142
130
209
1,266
228,578
228,578
92,831(3,695)
89,136
139,442623
138,819

190
114
220
492
1,016
191,242
191,242
69,133
1,120
70,253
120,989505
120,484

Consolidated Statement of Comprehensive Income(Millions of yen)

Income before minority interests
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Share of other comprehensive income of affiliates
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of the parent
Comprehensive income attributable to minority interests

7

Years Ended March 31
2012
2013
139,442
120,989(390)(6,504)982
24,68342(6,852)
132,590

2,033
27,698
148,687

132,074516

147,6441,043

(3) Consolidated Statements of Changes in Shareholders' Equity(Millions of yen)
Years Ended March 31
2012
2013
Shareholders' equity
Capital stock
Balance at the end of previous period
Balance at the end of current period
Capital surplus
Balance at the end of previous period
Changes of items during the period
Disposal of treasury stock
Total changes of items during the period
Balance at the end of current period
Retained earnings
Balance at the end of previous period
Changes of items during the period
Dividends from surplus
Net income
Change of scope of consolidation
Total changes of items during the period
Balance at the end of current period
Treasury stock
Balance at the end of previous period
Changes of items during the period
Purchase of treasury stock
Disposal of treasury stock
Total changes of items during the period
Balance at the end of current period
Total shareholders' equity
Balance at the end of previous period
Changes of items during the period
Dividends from surplus
Net income
Change of scope of consolidation
Purchase of treasury stock
Disposal of treasury stock
Total changes of items during the period
Balance at the end of current period

869,01469,01469,01469,01496,261

96,2654
496,2653
3
96,2681,082,997

1,180,556(41,566)
138,819306
97,5591,180,556(39,468)
120,484
81,016
1,261,572(311,094)(311,394)

(304)
4
(300)
(311,394)

(246)
4
(242)
(311,636)

937,178

1,034,441(41,566)
138,819306(304)
897,263
1,034,441(39,468)
120,484(246)
7
80,777
1,115,218

(Millions of yen)
Years Ended March 31
2012
2013
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period
Foreign currency translation adjustment
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period
Total accumulated other comprehensive income
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period
Minority interests
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period
Total net assets
Balance at the end of previous period
Changes of items during the period
Dividends from surplus
Net income
Change of scope of consolidation
Purchase of treasury stock
Disposal of treasury stock
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period

9

2,349

1,959

(390)
(390)
1,959

982
982
2,941

(48,723)(55,077)(6,354)(6,354)(55,077)

26,17826,178(28,899)(46,374)(53,118)(6,744)(6,744)(53,118)

27,16027,160(25,958)

3,690

3,999

309
309
3,999

870
870
4,869

894,494

985,322(41,566)
138,819306(304)
8(6,435)90,828985,322(39,468)
120,484(246)
728,030108,807
1,094,129

(4) Consolidated Statements of Cash Flow
(Millions of yen)
Years Ended March 31
2012
2013
Net cash provided by (used in) operating activities
Income before income taxes and minority interests
Depreciation and amortization
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for retirement benefits
Interest and dividends income
Equity in (earnings) losses of affiliates
Decrease (increase) in notes and accounts receivable-trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable-trade
Other, net
SubtotalInterest and dividends income received
Income taxes paid
Other, net
Net cash provided by (used in) operating activities
Net cash provided by (used in) investing activities
Purchase of tangible fixed assets
Other, net
Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities
Purchase of treasury stock
Cash dividends paid
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Decrease in cash and cash equivalents
due to exclusion of consolidated subsidiaries
Cash and cash equivalents at end of period

10

228,578
15,46630
1,433(2,563)(3,499)(19,282)(16,521)
9,501
10,139223,282
4,063(84,218)
1,096
144,223

191,242
17,867(865)
1,401(2,767)(2,932)20,004
19,948(10,021)8,751
242,628
4,495(88,735)
460
158,848(43,959)
1,862(42,097)(44,445)481(43,964)(295)(41,551)(206)(42,052)(3,931)56,143
583,486(240)(39,426)(172)(39,838)
15,636
90,682
637,069(2,560)637,069

727,751

(5) Note on the basis for the concern assumed to be ongoing
Not applicable(6) The important matters that constitute the basis for the preparation of the consolidated financial
statements
As there are no substantial changes from the statements in the last annual security report(submitted on June 29, 2012), the disclosure is omitted.

(7) The changes in the important matters that constitute the basis for the preparation of consolidated
financial statements
Not applicable(8) Notes to Consolidated Financial Statements(Segment Information)
1. Segment Information
Year ended March 31, 2012 (April 1, 2011 – March 31, 2012) andYear ended March 31, 2013 (April 1, 2012 – March 31, 2013)
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 CNC’s and servo motors in its entire products. For this reason, the decision
on investment is made, taking into consideration the statuses of orders, sales and production of all
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, 2013 (April 1, 2012 – March 31, 2013)(1)

Information by product and service
FA

Sales to outside
customers

Robot
200,118

119,149

11

Robomachine
179,128

Millions of yen
Total
498,395

(2) Information by region◎ SalesJapan
The Americas
EuropeAsia
ROW
107,21384,33455,051
249,783
2,014
Note: Sales are broken down by country or region where customers are located.

Millions of yen
Total
498,395◎

Tangible Fixed AssetAs the tangible fixed assets located in Japan constitute more than 90% of those stated in the
consolidated balance sheet, the statement on the information on tangible fixed assets is omitted.

◎

Information by major customer
Name of the customer

Millions of yen
Sales

Hon Hai Precision Industry Co., Ltd

86,903(Information per share)
Fiscal year 2011
Fiscal year 2012
(April 1, 2011 – March 31, 2012)(April 1, 2012 – March 31, 2013)
Net assets per share
5,013.69 yen Net assets per share
5,565.64 yen
Net income per share709.20 yen Net income per share
615.59 yen
Net diluted income per share is not stated Net diluted income per share is not stated herein
herein as there exist no dilutive shares.
as there exist no dilutive shares.
Note: Net income per share is calculated based on the followings:

Fiscal year 2011

Fiscal year 2012

(April 1, 2011–March 31, 2012)(April 1, 2012–March 31, 2013)

138,819

120,484

138,819

120,484--

195,739

195,721

Net income (Millions of yen)
Net income assigned to common share(Millions of yen)Amount not accruing to common shares(Millions of yen)
Average number of shares outstanding(Thousands of share)(Significant subsequent events)
None(Lease transactions, Marketable securities, Derivative transactions, Business combinations, and etc.)
No major moves that are required to disclose in the Annual Financial Results Report.

12Supplement to Consolidated Financial Results
１ Consolidated Results（April 1, 2012 ～ March 31, 2013）
１）Net income
120.5 billion yen (0.9 times from the previous fiscal year)２）Net sales

498.4 billion yen (0.9 times from the previous fiscal year)３）Operating income 184.8 billion yen (0.8 times from the previous fiscal year)
Ordinary income 191.2 billion yen (0.8 times from the previous fiscal year)
Ordinary income to net sales ratio 38.4%
４）Sales by GroupFA
Robot
Robomachine

200.1 billion yen (0.7 times from the previous fiscal year)
119.2 billion yen (1.0 time from the previous fiscal year)
179.1 billion yen (1.1 times from the previous fiscal year)５）Orders

461.2 billion yen (0.9 times from the previous fiscal year)

２ Consolidated Results Forecast for the First Half of the Year ending March 31, 2014.
(April 1, 2013 ～ September 30, 2013)
Net income
41.0 billion yen (38.8% down from the same period last year)
Operating income 62.0 billion yen (39.1% down from the same period last year)
Ordinary income
65.0 billion yen (38.2% down from the same period last year)
Net sales
202.0 billion yen (23.4% down from the same period last year)
３ Changes of Consolidated Financial Results (Billions of yen）
Net sales

6,000
600

538.5
5,385

4,984
498.4

5,000
500

400
4,000
300
3,000
200
2,000

Ordinary income
Net income

228.6
2,286

191.2
1,912
1,388
138.8

120.5
1,205

April24年3月期
2011-March 2012

April25年3月期
2012-March 2013

100
1,000
00

13