Fanuc : Notice Concerning Revision of Financial Forecasts

July 28, 2020

Company name: FANUC CORPORATION

Representative: Kenji Yamaguchi, President

（Stock Code: 6954, 1 st Section, Tokyo Stock Exchange ）

Contact: Keisuke Fujii, Manager, Public Relations

Tel: (0555) 84 - 5555

Notice Concerning Revision of Financial Forecasts

Based on the latest recent business performances, FANUC CORPORATION announces the consolidated revision of the financial forecasts for the second quarter (cumulative) of the fiscal year ending March 31, 2021 (April 1, 2020 - September 30, 2020), which was previously announced on April 24, 2020, and the consolidated financial forecasts for the full year ending March 31, 2021 (April 1, 2020 - March 31, 2021) which had yet to be forecasted, as follows:

1. Revision of the consolidated financial forecasts

for the second quarter (cumulative) of the year ending March 31, 2021 (April 1, 2020 - September 30, 2020)

		Operating	Ordinary	Net income	Net income
	Net sales	attributable to
	income	income	owners	per share
		of parent
	Millions of yen	Millions of yen	Millions of yen	Millions of yen	Yen
Previous forecast (A)	197,900	18,900	23,100	16,400	85.49
New forecast (B)	212,400	20,400	25,900	18,700	97.48
Amount changed (B-A)	14,500	1,500	2,800	2,300
% of change	7.3	7.9	12.1	14.0
(Reference)
The consolidated financial
results for the second quarter	260,953	49,024	57,090	40,185	208.91
(cumulative) of the year ended
March 31, 2020 (April 1, 2019
- September 30, 2019)

2. The consolidated financial forecasts

for the full year ending March 31, 2021 (April 1, 2020 - March 31, 2021)

		Operating	Ordinary	Net income	Net income
	Net sales	attributable to
	income	income	owners	per share
		of parent
	Millions of yen	Millions of yen	Millions of yen	Millions of yen	Yen
The consolidated financial
results for the year ended	508,252	88,350	102,816	73,371	381.89
March 31, 2020 (April 1, 2019
- March 31, 2020) (A)
New forecast (B)	423,300	38,500	47,700	34,500	179.85
Amount changed (B-A)	ᇞ 84,952	ᇞ 49,850	ᇞ 55,116	ᇞ 38,871
% of change	ᇞ 16.7	ᇞ 56.4	ᇞ 53.6	ᇞ 53.0

3. Reason for the Revision

Regarding the consolidated financial forecasts for the year ending March 31, 2021, since it has been difficult to reasonably estimate how far the coronavirus (COVID-19) will further spread and when the pandemic will end, only the forecast for the second quarter (cumulative) of the year ending March 31, 2021 was disclosed on April 24, 2020, and not the full-year forecast.

At this time, we have decided to revise the forecast for the consolidated financial results for the second quarter (cumulative) of the year ending March 31, 2021, and announce the forecast for the consolidated financial results for the full-year, based on calculations considering the foreseeable impact of the spread of the coronavirus (COVID-19) on the FANUC Group.

However 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.

End