(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 the translation.
Consolidated Annual Financial Results
(based on Japanese standards)
For the Year ended March 31, 2021
April 27, 2021 | ||
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 Yamaguchi | |
Contact: | (Title) Manager, Public Relations & Shareholders Relations Department | |
(Name) Naoki Yukisada TEL: (0555)84-5555 |
Scheduled date of the Annual Meeting of Shareholders: June 24, 2021
Scheduled date of commencing of dividend payments: June 25, 2021
Scheduled date of filing the Securities Report: June 30, 2021
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, 2021 (April 1, 2020 - March 31, 2021)
(1) Consolidated Results of Operations
(% represents changes from the previous term.)
Net sales | Operating income | Ordinary income | Net income | |||||||||||||||||||
attributable to owners | ||||||||||||||||||||||
of parent | ||||||||||||||||||||||
YoY | YoY | YoY | YoY | |||||||||||||||||||
Millions of yen | change | Millions of yen | change | Millions of yen | change | Millions of yen | change | |||||||||||||||
FY2020 | 551,287 | % | 112,514 | % | 128,744 | % | 94,012 | % | ||||||||||||||
8.5 | 27.4 | 25.2 | 28.1 | |||||||||||||||||||
FY2019 | 508,252 | (20.0) | 88,350 | (45.9) | 102,816 | (44.0) | 73,371 | (52.4) | ||||||||||||||
Note: Consolidated comprehensive income: FY2020: ¥ 124,079 million 116.3% FY2019: ¥57,377 | million | |||||||||||||||||||||
(61.6)% | ||||||||||||||||||||||
Net income | Net income | Ordinary | Operating | |||||||||||||||||||
per share | Return on equity | income-to-total | income-to-net | |||||||||||||||||||
per share | ||||||||||||||||||||||
(diluted) | capital ratio | sales ratio | ||||||||||||||||||||
FY2020 | Yen | Yen | % | 6.8 | % | 8.2 | % | |||||||||||||||
490.11 | - | 20.4 | ||||||||||||||||||||
FY2019 | 381.89 | - | 5.3 | 6.6 | 17.4 | |||||||||||||||||
(Reference) Equity in earnings of affiliates: FY2020: ¥11,640 million | FY2019: ¥8,752 million | |||||||||||||||||||||
(2) Consolidated Financial Position | ||||||||||||||||||||||
Total assets | Net assets | Equity ratio | Net assets | |||||||||||||||||||
per share | ||||||||||||||||||||||
FY2020 | Millions of yen | Millions of yen | % | 87.7 | Yen | 7,431.58 | ||||||||||||||||
1,625,191 | 1,435,554 | |||||||||||||||||||||
FY2019 | 1,512,499 | 1,362,865 | 89.6 | 7,064.22 | ||||||||||||||||||
(Reference) Equity: FY2020: ¥1,425,479 million | FY2019: ¥ | 1,355,100 million | ||||||||||||||||||||
(3) Consolidated Cash Flow Position | ||||||||||||||||||||||
Cash flows from | Cash flows from | Cash flows from | Cash and cash | |||||||||||||||||||
equivalents at end of | ||||||||||||||||||||||
operating activities | investing activities | financing activities | ||||||||||||||||||||
period | ||||||||||||||||||||||
FY2020 | Millions of yen | Millions of yen | Millions of yen | Millions of yen | ||||||||||||||||||
117,996 | (16,770) | (53,132) | 577,919 | |||||||||||||||||||
FY2019 | 144,872 | (84,319) | (140,726) | 515,008 |
2. Dividends
Dividends per share | Total | Payout Dividends-to- | ||||||
1st | 2nd | 3rd | Year-end | amount of | ratio | net assets | ||
(Cut-off date) | Full year | dividends | (conso- | Ratio | ||||
Quarter | Quarter | Quarter | Dividends | (full year) | lidated) | (consolidated) | ||
FY2019 | Yen | Yen | Yen | Yen | Yen | Millions of yen | % | % |
― | 125.35 | ― | 174.65 | 300.00 | 57,558 | 78.6 | 4.1 | |
FY2020 | ― | 87.93 | ― | 206.14 | 294.07 | 56,407 | 60.0 | 4.1 |
FY2021 | ― | ― | ― | ― | ― | ― | ||
(forecast) | ||||||||
Note: The year-end dividends for the year ended March 31, 2020 consist of ordinary dividends of ¥103.79 and |
special dividends of ¥70.86.
Note: The forecasts of the 2nd quarter-end and year-end dividends for the year ending March 31, 2022, will be disclosed promptly upon their availability.
3. Consolidated Financial Forecasts for the second quarter of the Year Ending March 31, 2022 (April 1, 2021
- March 31, 2022)
(% 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 sales | Operating income | Ordinary income | Net income | Net income | |||||
attributable to | |||||||||
per share | |||||||||
owners of parent | |||||||||
Millions of yen | YoY | Millions of yen | YoY | Millions of yen | YoY | Millions of yen | YoY | ||
change | change | change | change | Yen | |||||
% | % | % | % | ||||||
2nd Quarter | 348,200 | 51.1 | 87,700 | 171.3 | 97,400 | 154.8 | 70,800 | 151.8 | 369.11 |
(Cumulative) | |||||||||
Fiscal period | 657,100 | 19.2 | 148,400 | 31.9 | 164,500 | 27.8 | 120,500 | 28.2 | 628.21 |
Note: Actual results may differ from these forecasts, subject to various conditions, including how far the coronavirus (COVID-19) will further spread, and when the pandemic will end. We will promptly publish new information, which may greatly affect actual results if any, upon their availability.
*Notes
(1) Changes in Significant Subsidiaries during the year ended March 31, 2021
(changes in specific subsidiaries that caused change in scope of consolidation) : No
(2) 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 |
- Number of shares outstanding (Common shares)
1. Number of shares outstanding at the end of the period (including treasury stocks)
March 31, 2021 | 201,922,097 | March 31, 2020 | 204,031,841 | |
shares | shares | |||
2. | Number of treasury stocks | 10,108,169 | March 31, 2020 | 12,205,848 |
March 31, 2021 | ||||
shares | shares | |||
3. | Average number of shares during the period | Year ended | 192,123,630 | |
Year ended | 191,820,543 | |||
March 31, 2021 | shares | March 31, 2020 | shares |
(Reference) Summary of Non-Consolidated Financial Results
1. Non-Consolidated Financial Results for the Year Ended March 31, 2021 (April 1, 2020 - March 31, 2021)
- Non-ConsolidatedResults of Operations
(% represents changes from the previous term.)
Net sales | Operating income | Ordinary income | Net income | ||||||||
Millions of yen | YoY | Millions of yen | YoY | Millions of yen | YoY | Millions of yen | YoY | ||||
change | change | change | change | ||||||||
FY2020 | 415,939 | % | 63,481 | % | 87,889 | % | 70,451 | % | |||
18.0 | 67.1 | 30.0 | 28.8 | ||||||||
FY2019 | 352,407 | (25.1) | 37,992 | (64.1) | 67,586 | (54.3) | 54,697 | (59.9) | |||
Net income | Net income | ||||||||||
per share | |||||||||||
per share | |||||||||||
(diluted) | |||||||||||
FY2020 | Yen | 367.28 | Yen | ||||||||
- | |||||||||||
FY2019 | 284.69 | - | |||||||||
(2) Non-Consolidated Financial Position | |||||||||||
Total assets | Net assets | Equity ratio | Net assets | ||||||||
per share | |||||||||||
FY2020 | Millions of yen | Millions of yen | % | 90.3 | Yen | ||||||
1,236,223 | 1,116,242 | 5,819.40 | |||||||||
FY2019 | 1,177,585 | 1,084,633 | 92.1 | 5,654.25 | |||||||
(Reference) | Equity: FY2020: ¥1,116,242 million | FY2019: ¥1,084,633 million |
- 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 to uncertain factors such as supply and demand trends, industry competition, economic conditions, and others 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 of the 2nd quarter-end and the year-end dividends for the year ending March 31, 2022, 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 | 3 |
(3) | Overview of Cash Flows | 4 |
(4) | Future Outlook | 5 |
- Basic Policy on Return of Profit to Shareholders and
Dividends for the Period ended March 31, 2021 | 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 | 9 | |
(1) | Consolidated Balance Sheets | 9 |
- Consolidated Statements of Income and
Consolidated Statements of Comprehensive Income | 11 | |
(3) | Consolidated Statements of Changes in Net Assets | 13 |
(4) | Consolidated Statements of Cash Flows | 17 |
(5) | Notes to Consolidated Financial Statements | 18 |
(Note on premise of a going concern) | 18 | |
(Segment information, etc.) | 18 | |
(Per share data) | 19 | |
(Significant subsequent events) | 19 |
1
1. Overview of Results of Operations and Financial Position
(1) Overview of Results of Operations
Regarding the business environment surrounding the FANUC Group during this period (April 1, 2020 - March 31, 2021), the market conditions became harsh owing to factors including an ongoing global trend of reduction in capital investment due to the impact of the spread of the coronavirus (COVID-19). However, in addition to recovery first taking place in China, other regions also rebounded gradually from around the second quarter.
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 addition, to deal with changing market conditions, we fortified our corporate structure by reducing expenses and optimizing business operations, among other measures.
During the fiscal year ended March 31, 2021, FANUC posted consolidated net sales totaling ¥551,287 million, up 8.5%, consolidated ordinary income totaling ¥128,744 million, up 25.2%, and net income attributable to owners of parent totaling ¥94,012 million, up 28.1%, compared with the previous fiscal year.
During this period, the new collaborative robot "FANUC Robot CRX Series", which is equipped with all of "Safety", "Ease of Use" and "High Reliability" won the "Nikkan Kogyo Shimbun Best 10 New Product Awards 2020/Main Award," the "Nikkei Business Daily Awards/2020 Nikkei Superior Products and Services Awards," and the METI Minister's Award in METI's Ninth Robot Awards program.
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, recovered earlier and remained strong in China. Demand in India is also undergoing a recovery, especially for agricultural machinery and motorcycles. Although demand in Japan, Europe, South Korea, and Taiwan had remained sluggish, these countries are seeing gradual increases in demand with machine exports to the Chinese market and other markets. As a result, net sales of CNC systems of the FANUC Group increased compared with the previous fiscal year.
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 ¥149,240 million, up 4.2% compared with the previous fiscal year, and FA Division sales accounted for 27.1% of consolidated net sales.
2
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Fanuc Corporation published this content on 27 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2021 06:04:01 UTC.