Fanuc : Consolidated Annual Financial Results For the Year ended March 31, 2022

(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, 2022

April 26, 2022

Company name: FANUC CORPORATION Stock code: 6954

Representative: (Title) President

Stock exchange listing: Tokyo Stock Exchange URL:https://www.fanuc.co.jp/eindex.html(Name) Kenji Yamaguchi

Contact: (Title) Manager, Public Relations & Shareholders Relations Department

(Name) Naoki Yukisada TEL: [phone]

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

YoY	YoY
Millions of yen	change	Millions of yen	change	Millions of yen	change	Millions of yen	change
%	%	%	%
FY2021	733,008	33.0	183,240	62.9	213,395	65.8	155,273	65.2
FY2020	551,287	8.5	112,514	27.4	128,744	25.2	94,012	28.1

Operating income	Ordinary income	attributable to owners
of parent
YoY	YoY

Note: Consolidated comprehensive income: FY2021: ¥ 201,257 million 62.2% 116.3%

FY2020: ¥ 124,079 million

Net income per share	Net income per share (diluted)	Return on equity	Ordinary income-to-total capital ratio	Operating income-to-net sales ratio
FY2021 FY2020	Yen 809.49 490.11	Yen - -	% 10.5 6.8	% 12.5 8.2	% 25.0 20.4

(Reference) Equity in earnings of affiliates: FY2021: ¥23,126 million FY2020: ¥11,640 million

(2) Consolidated Financial Position

Total assets	Net assets	Equity ratio	Net assets per share
FY2021 FY2020	Millions of yen 1,783,964 1,625,191	Millions of yen 1,549,879 1,435,554	% 86.1 87.7	Yen 8,006.53 7,431.58

(Reference) Equity: FY2021: ¥1,535,809 million FY2020: ¥1,425,479 million

(3) Consolidated Cash Flow Position

Cash flows from operating activities	Cash flows from investing activities	Cash flows from financing activities	Cash and cash equivalents at end of period
FY2021 FY2020	Millions of yen 125,581 117,996	Millions of yen (53,929) (16,770)	Millions of yen (89,154) (53,132)	Millions of yen 574,655 577,919

2. Dividends

Dividends per share	Total amount of dividends (full year)	Payout ratio (conso-lidated)	Dividends-to-net assets Ratio (consolidated)
(Cut-off date)	1st Quarter	2nd Quarter	3rd Quarter	Year-end Dividends	Full year
FY2020 FY2021	Yen ― ―	Yen 87.93 246.02	Yen ―	Yen 206.14 239.68	Yen 294.07 485.70	Millions of yen 56,407 93,168	% 60.0 60.0	% 4.1 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 sales	Operating income	Ordinary income	Net income attributable to owners of parent	Net income per share
2nd Quarter (Cumulative) Fiscal period	Millions of yenYoY change % 410,800 16.9 825,500 12.6	Millions of yenYoY change % 97,300 3.6 197,300 7.7	Millions of yenYoY change % 113,900 5.6 227,400 6.6	Millions of yenYoY change % 83,000 5.5 166,200 7.0	Yen 432.70 866.44

*Notes

(1) Changes in Significant Subsidiaries during the year ended March 31, 2022

(changes in specific subsidiaries that caused change in scope of consolidation) : 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)

• 2. Number of treasury stocks

• 3. Average number of shares during the period

Year ended 191,817,323 March 31, 2022 shares

March 31, 2022 201,909,397	March 31, 2021	201,922,097
shares	shares
March 31, 2021	10,108,169
shares
Year ended	191,820,543
March 31, 2021	shares

10,089,875 shares

March 31, 2022

(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
FY2021 FY2020	Millions of yenYoY change % 578,260 39.0 415,939 18.0	Millions of yenYoY change % 132,768 109.1 63,481 67.1	Millions of yenYoY change % 159,216 81.2 87,889 30.0	Millions of yenYoY change % 122,064 73.3 70,451 28.8

Net income per share	Net income per share (diluted)
FY2021 FY2020	Yen 636.35 367.28	Yen - -

(2) Non-Consolidated Financial Position

1,307,224	1,150,023	88.0	5,995.34
1,236,223	1,116,242	90.3	5,819.40

Total assets	Net assets	Equity ratio	Net assets per share
FY2021 FY2020	Millions of yen 1,307,224 1,236,223	Millions of yen 1,150,023 1,116,242	% 88.0 90.3	Yen 5,995.34 5,819.40

(Reference) Equity: FY2021: ¥1,150,023 million FY2020: ¥1,116,242 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, 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 and

Dividends 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 9

(1) Consolidated Balance Sheets 9 (2) 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 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） 17

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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 made vigorously. 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, the entire 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 with initiatives towards future development, including the development of new products and new functions 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 achieve these 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 our company 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%, and net income attributable to owners of parent totaling ¥155,273 million, up 65.2%, compared with the previous 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 and Innovation Award sponsored by the Japan Techno-Economics Society. In addition, the "FANUC ROBOSHOTs α-SiB Series, equipped PANEL iH Pro display device"-the largest in the industry

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