Consolidated Quarterly Financial Results For the six months ended September 30, 2021

(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 Quarterly Financial Results

(based on Japanese standards)

For the six months ended September 30, 2021

		October 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: [phone]

Scheduled date of filing quarterly report: November 8, 2021

Scheduled date of commencing of dividend payments: December 1, 2021

Availability of supplementary briefing material on quarterly financial results: Available

Schedule of quarterly financial results briefing session: Scheduled

1. Consolidated Financial Results for the Six Months Ended September 30, 2021 (April 1, 2021 - September 30, 2021)

(1) Consolidated Results of Operations

				(% represents changes from the previous corresponding Six-month period.)
Six months	Net sales			Operating income		Ordinary income	Net income
ended				attributable to owners
September 30																		of parent
	Millions of yen		%	Millions of yen			%		Millions of yen		%		Millions of yen		%
2021	351,490		52.5		93,922			190.6			107,822		182.1		78,649			179.8
2020	230,411		(11.7)		32,321			(34.1)				38,220		(33.1)	28,112			(30.0)
Note: Consolidated	comprehensive income:	April-September 2021:	¥86,859 million 152.8%
						April-September 2020:	¥34,359 million 59.1%
Six months	Net income			Net income
ended			per share
per share
September 30			(diluted)
2021	Yen			Yen
410.03		-
2020	146.55		-
(2) Consolidated Financial Position
	Total assets		Net assets			Equity ratio
	Millions of yen		Millions of yen				%		87.9
September 30, 2021	1,674,288		1,482,774
March 31, 2021	1,625,191		1,435,554						87.7	2021: ¥1,425,479 million
(Reference) Equity: September 30, 2021: ¥1,471,388 million			March 31,
2. Dividends
						Dividends per share
	1st Quarter		2nd Quarter	3rd Quarter		Year-end	Full year
			Dividends
FY2020	Yen			Yen					Yen			Yen			Yen
-			87.93				-			206.14		294.07
FY2021	-			246.02
FY2021										-			-			-
(forecast)

Note: We have changed the forecasts of dividends from the latest ones.

Note: The forecasts of year-end dividends for the year ending March 31, 2022 will be disclosed promptly upon their availability.

3. Consolidated Financial Forecasts for the Year Ending March 31, 2022 (April 1, 2021 - March 31, 2022)

(% represents 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	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
Fiscal period	708,900	28.6	177,500	57.8	203,400	58.0	150,800	60.4	786.16

Note: We have changed the forecasts of financial results from the latest ones.

*Notes

(1) Changes in Significant Subsidiaries during the period

(changes in specific subsidiaries that caused change in scope of consolidation) : No

(2) Adoption of Simplified and Specifically Applied Accounting Method for Quarterly
Consolidated Financial Reporting	: No

(3) 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 see "3. Other Information (3) Changes in Accounting Principles and Accounting Estimates, and Revisions/Restatements" on Page 10 in Attachment.

(4) Number of shares outstanding (Common shares)
1. Number of shares outstanding at the end of the period (including treasury stocks)	201,922,097
September 30, 2021	201,909,397	March 31, 2021
	shares		shares
2. Number of treasury stocks	10,085,778	March 31, 2021	10,108,169
September 30, 2021
	shares		shares
3. Average number of shares during the period	April-September 2020	191,823,779
April-September 2021	191,813,603
	shares		shares

• The report of the quarterly 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 see "Financial Results Forecasts" on page 4 of the Accompanying Documents. The forecasts of 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. Results of Operations and Financial Position

2

1. Results of Operations 2
2. Financial Position 3
3. Financial Results Forecasts 4

2. Consolidated Quarterly Financial Statements

5

1. Consolidated Quarterly Balance Sheet 5
2. Consolidated Quarterly Statement of Income and
   Consolidated Quarterly Statement of Comprehensive Income 7

Consolidated Quarterly Statement of Income	7
Consolidated Quarterly Statement of Comprehensive Income	8

1. Consolidated Quarterly Statement of Cash Flow 9

3. Other Information

10

1. Changes in Significant Subsidiaries during the Period 10
2. Adoption of Simplified and Specifically Applied Accounting
   Method for Quarterly Consolidated Financial Reporting 10
3. Changes in Accounting Principles and Accounting Estimates, and
   Revisions/Restatements 10
4. Note on Premise of a Going Concern 10
5. Note on the Substantial Change in Shareholders' Equity 10

1

1. Results of Operations and Financial Position

(1) Results of Operations

Regarding the circumstances surrounding the FANUC Group during the first six-month period of the fiscal year ending March 31, 2022 (from April 1 to September 30, 2021), 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 remained uncertain however, with the impact on manufacturing activities surfacing 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.

During the six months from April to September 2021, FANUC posted consolidated net sales totaling ¥351,490 million, up 52.5%, consolidated ordinary income totaling ¥107,822 million, up 182.1%, and net income attributable to owners of parent totaling ¥78,649 million, up 179.8%, compared with the corresponding period of the previous fiscal year.

An overview of the results for each business division is as follows:

In the FA Division, demand from the machine tool industry, the primary market for CNC systems, remained strong in all major markets such as China. Against this backdrop, sales of FANUC's CNC systems also increased. With regard to our lasers, the Chinese market and the European market are on a recovery trend, but competition from overseas manufacturers remains fierce. As a result, net sales in the FA Division amounted to ¥103,968 million, up 54.2% compared with the corresponding period of the previous fiscal year.

In the Robot Division, Sales in China remained strong, mainly in IT-related industries and for EVs, heavy machinery and construction machinery. Strong sales were also recorded in the United States, to general industries and to the automobile industry with EV-related demand. Demand from general industries in Europe remained strong, and sales increased. In Japan, sales are recovering after bottoming-out in October last year. As a result, net sales in the Robot Division amounted to ¥121,171 million, up 37.6% from the corresponding period of the previous fiscal year.

In the Robomachine Division, sales of the ROBODRILLs (compact machining centers) increased due to vigorous demand for use in the personal computer and tablet markets. Sales of the ROBOSHOTs (electric injection molding machines) increased due to strong demand from IT-related and medical markets. Sales of the ROBOCUTs (wire electric discharge machines) also increased due to strong demand from IT-related and automobile component markets. As a result, net sales in the Robomachine Division amounted to ¥81,069 million, up 105.5% compared with the corresponding period of the previous fiscal year.

2

In the Service Division, sales recovered to the same level as in normal years. As a result, net sales in the Service Division amounted to ¥45,282 million, up 27.6% compared with the corresponding period of the previous fiscal year.

1. Financial Position

• Assets, Liabilities and Net Assets

Total assets were ¥1,674,288 million, up ¥49,097 million compared with the end of the previous fiscal year.

Total liabilities were ¥191,514 million, up ¥1,877 million compared with the end of the previous fiscal year.

Total net assets were ¥1,482,774 million, up ¥47,220 million compared with the end of the previous fiscal year.

• Cash Flow

Cash and cash equivalents (hereinafter "Cash") for the first half of the current fiscal year amounted to ¥595,273 million, up ¥17,354 million from the end of the previous fiscal year.

(Cash flow from operating activities)

Cash provided by operating activities during the six months ended September 30, 2021 amounted to ¥75,039 million, up ¥27,918 million compared with the same period of the previous fiscal year. This was mainly due to the increase in income before income taxes.

(Cash flow from investing activities)

Cash used in investing activities during the six months ended September 30, 2021 amounted to ¥15,955 million, down ¥15,118 million compared with the same period of the previous fiscal year. This was mainly due to the decrease in the payments into time deposits.

(Cash flow from financing activities)

Cash used in financing activities during the six months ended September 30, 2021 amounted to ¥40,704 million, up ¥6,319 million compared with the same period of the previous fiscal year. This was mainly due to the increase in dividends paid.

3