Fanuc : Financial Results for the nine months Ended December 31, 2020 (Reference Material)

（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.

Financial Results for the nine months

Ended December 31, 2020

FANUC CORPORATION

The 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.

1	January 27, 2021

Consolidated Financial Results

for the First Three Quarters (9 months) of FY2020

(Billions of Yen)

Net sales

Cost of sales

【to Net sales】

Operating income

【to Net sales】

Ordinary income

【to Net sales】

Extraordinary income or loss

Net income

【to Net sales】

FX Rate

Yen/1USD

Yen/1EUR

FY2019		FY2020		Change from
3Q		3Q
(Apr～Dec)		（Apr～Dec）		3Q of FY2019
386.5		375.2		-2.9%
246.9	245.2	-0.7%
63.9%		65.4%
68.6	65.3	-4.9%
17.8%		17.4%
79.7	75.4	-5.4%
20.6%		20.1%
-2.0	-	-
56.5	55.3	-2.1%
14.6%	14.7%
108.67	106.11	-2.4%
121.05	122.38	+1.1%

※"Net income" means "Net income attributable to owners of parent". 2	January 27, 2021

Consolidated Financial Results

for the 3rd Quarter (3 months) of FY2020

		FY2019		FY2020		FY2020
		3Q		2Q		3Q		Change from		Change from
(Billions of Yen)		(Oct～Dec)		(Jul～Sep)		(Oct～Dec)		3Q of FY2019		2Q of FY2020
Net sales		125.5		121.2		144.8		+15.4%		+19.5%
Cost of sales	82.5	78.9	88.5	+7.3%	+12.2%
【to Net sales】		65.8%		65.1%		61.1%
Operating income	19.6	21.2	32.9	+68.2%	+55.1%
【to Net sales】		15.6%		17.5%		22.7%
Ordinary income	22.6	25.1	37.2	+64.4%	+48.2%
【to Net sales】		18.0%		20.7%		25.7%
Net income	16.3	19.0	27.2	+66.7%	+43.2%
【to Net sales】	13.0%	15.7%	18.8%
FX Rate
Yen/1USD	108.76	106.22	104.51	-3.9%	-1.6%
Yen/1EUR	120.32	124.11	124.54	+3.5%	+0.3%

※"Net income" means "Net income attributable to owners of parent". 3

January 27, 2021

Quarterly Changes in Consolidated Sales and Profit/Loss

*(Billions of Yen)	Consolidated Net sales					*
200
180
160	134.6						144.8
140	126.4	125.5	121.8		121.2
		109.3
120
100
	FY2019	FY2019	FY2019	FY2019	FY2020	FY2020	FY2020
		1Q	2Q	3Q	4Q	1Q	2Q	3Q
(Billions of Yen)
100									40.0%
90									35.0%
80	Operating income to Net sales ratio					30.0%
70								22.7%
	21.2%						25.0%
60
				17.5%
50			16.2%	15.6%	16.2%			20.0%
40	32.1
			10.1%			15.0%
	25.0			25.1
30		23.3	22.6	23.1
			10.0%
			16.9		16.8		19.0
20			16.3		37.2 27.2 5.0%
				13.1 9.1 Ordinary income
10
						Net income
0									0.0%
	FY2019	FY2019	FY2019	FY2019	FY2020	FY2020	FY2020
*		1Q	2Q	3Q	4Q	1Q	2Q	3Q	*

※"Net income" means "Net income attributable to owners of parent". 4	January 27, 2021

Consolidated Sales by Division

*
（Billions of Yen）
180
160
140	125.5

121.8

121.2

144.8 20.4

*		3Q of FY2020
			FA by Region
			0.2
	19.5%	11.3		22%	8.4
		30%	1.0
	1.4%		39%	2.3

120	21.8

100 17.2

80

60 54.0

40

20 32.6

0 FY2019 3Q

21.0 16.9

50.0

33.8

FY2019 4Q

109.3 15.4 18.4

40.6

34.8

FY2020 1Q

20.1 21.1

47.4

32.6

FY2020 2Q

31.5

55.4

37.6

FY2020 3Q

49.2%

16.8%

15.5%

Change from Previous Period

14.5

Robot by Region

3.2 0.7 3.6

15.0 27% 40% 22.1

20%

10.9

Robomachine by

Region

2.6 0.12.5

2.2

10% 3.2

67%

20.9

Service by Region

FA

Robot

Robomachine

Service

1.5 0.2

※The consolidated

*

*

0.5

Results for the 3rd Quarter (3 months) 〔Comparison with FY2020 2Q〕

25% 5.2

net sales does not

include the service

・FA

→ Sales remained strong in China. Sales increased in Japan, Europe, South Korea, Taiwan and India. 5.8

28%

business in China,

which is operated

・Robot

→ Sales increased significantly in China. Sales increased in the Americas, South Korea and Taiwan.

35%

7.2

by the equitymethod

affiliates.

・Robomachine → Sales increased significantly in China.

Sales increased in Japan, the Americas, Europe and South Korea.

Japan

The Americas

Europe

China

Asia(Excluding China)

ROW

5

January 27, 2021

Consolidated Sales by Region

(Billions of Yen)
180
160					144.8
				1.1
	125.5	121.8
140		121.2	18.6
1.0
	1.0	109.3	1.0
120	15.6
18.3	1.0	14.6
100	21.9	24.3	14.4		51.0
			37.0
80			33.4
25.1
	22.8
			22.1
60			21.1
		17.4
	33.6
40	31.1			32.4
	21.7	29.2
20	28.3	24.3
	21.4	18.3	19.6
0

19.5%

27.1%

37.6%

4.6%

11.0%

7.2%

FY2019	FY2019	FY2020	FY2020	FY2020	Change from
3Q	4Q	1Q	2Q	3Q	Previous Period

	Japan	The Americas	Europe	China	Asia(Excluding China)	ROW
*
					*

Results for the 3rd Quarter (3 months) 〔Comparison with FY2020 2Q〕

・Japan	→ Sales of FA and Robomachine increased.
・The Americas	→ Sales of Robot and Robomachine increased.
・Europe	→ Sales of FA and Robomachine increased.
・China	→ Sales of FA remained strong. Sales of Robot and Robomachine increased significantly.
・Asia (Excluding China)	→ Sales of FA increased in South Korea, Taiwan and India. Sales of Robot increased in South Korea and Taiwan.
	Sales of Robomachine increased in South Korea.

6	January 27, 2021

Consolidated Orders by Division

(Billions of Yen) 180

160

140

118.5 120

21.7 100

16.2 80

6046.5

40

2034.1

0 FY2019 3Q

	126.5		126.5
	21.3	108.4	20.1
	17.2	15.1	24.9
		16.5
	51.8	43.9	49.2
	36.3	32.9	32.2
	FY2019	FY2020	FY2020
	4Q	1Q	2Q
FA	Robot	Robomachine	Service

170.5	34.8%
20.3	1.0%
35.8	43.3%

66.1	34.3%

48.3	50.1%
FY2020	Change from
3Q
Previous Period

Results for the 3rd Quarter (3 months) 〔Comparison with FY2020 2Q〕

・FA	→ Orders increased significantly in Japan, China, South Korea, Taiwan and India. Orders increased in Europe.
・Robot	→ Orders increased significantly in the Americas for general industries and the automobile industry.
	Orders increased significantly in China for general industries and so on. Orders increased in Japan, South Korea and Taiwan.

・Robomachine → Orders of ROBODRILL and ROBOSHOT increased significantly in China. Orders increased in Japan, the Americas, Europe, Taiwan and India.

7	January 27, 2021

Consolidated Orders by Region

(Billions of Yen)				170.5
180					1.1
160					23.5
140	118.5	126.5		126.5
1.0		0.9
	108.4
	1.2
120	19.7	15.3	59.8
0.6
16.1
100		12.5
	24.6
	22.4		41.7
80
		35.5		22.1
	25.1	22.9
60
		21.1
		17.3
				41.4
40	28.2	35.7		29.4
24.3
20	25.5	22.6			22.6
0	18.3	18.0

34.8%

53.4%

43.1%

4.6%

40.5%

25.9%

	FY2019	FY2019		FY2020	FY2020	FY2020	Change from
	3Q		4Q		1Q	2Q	3Q		Previous Period
	Japan		The Americas	Europe	China	Asia(Excluding China)	ROW
Results for the 3rd Quarter (3 months) 〔Comparison with FY2020 2Q〕
・Japan	→ Orders of FA increased significantly. Orders of Robot and Robomachine increased.
・The Americas	→ Orders of Robot increased significantly for general industries and the automobile industry.
			Orders of Robomachine increased.
・Europe	→ Orders of FA and Robomachine increased.
・China	→ Orders of FA, ROBODRILL and ROBOSHOT increased significantly.
			Orders of Robot increased significantly for general industries and so on.

・Asia (Excluding China) → Orders of FA increased significantly in South Korea, Taiwan and India. Orders of Robot increased in South Korea and Taiwan. Orders of Robomachine increased in Taiwan and India.

8	January 27, 2021

Capital Investment ・Depreciation and amortization・

Research and development expenses

	FY2019	FY2019	FY2020	Change from
(Billions of Yen)	3Q	Full Year	3Q	3Q of
	(Apr～Dec)		(Apr～Dec)	FY2019
Capital	56.7	70.5	13.8	-42.9
Investment
Depreciation
and	33.8	45.9	33.1	-0.7
amortization
Research and
development	38.2	51.3	34.8	-3.4
expenses

9	January 27, 2021

Consolidated Financial Results Forecasts

FY2020 Forecast

Change from	Change from

(Billions of Yen)

Net sales

Cost of sales

【to Net sales】

Operating income

【to Net sales】

Ordinary income

【to Net sales】

Extraordinary income or loss

Net income

【to Net sales】

FX Rate

FY2019		Previous		New forecast
		forecast
508.3	502.5	532.3
326.1	330.3	337.8
64.2%		65.7%		63.5%
88.3	85.4	105.8
17.4%		17.0%		19.9%
102.8	96.3	119.5
20.2%		19.2%		22.4%
-2.0	-	-
73.4	71.8	88.2
14.4%		14.3%		16.6%

		Previous
FY2019		Forecast
+4.7%	+5.9%
+3.6%	+2.3%
+19.8%	+23.9%
+16.2%	+24.1%
-	-
+20.2%	+22.8%

Estimated FX

rate for 4Q of FY2020

Yen/1USD	108.74	103.46	104.59
Yen/1EUR	120.82	120.65	121.78

-3.8%	+1.1%
+0.8%	+0.9%

100Yen / 1USD 120Yen / 1EUR

※"Net income" means "Net income attributable to owners of parent".	10	January 27, 2021

ROBOSHOT

Release of the latest model of the all-electric injection

molding machine "ROBOSHOT"

High Performance of Molding

 High injection performance for various molding fields

High Operation Rate

 Easy connection and easy operation with

	FANUC robot
	 Compliant with the latest international safety
	standards
	 IoT support by the latest communication
	standard
ROBOSHOT 1-S1004B	Ease of Use
	 The largest 21.5-inch monitor in the industry
	 Unique two-screen display with excellent
	operability
	 Help function for easy operation

• Nov. 2020 Exhibited at "IPF Japan 2020 Virtual", high interest and many inquiries
• Jan. 2021 Shipping starts sequentially from 50ton, 100ton and 150ton machines

11	January 27, 2021

Establishment of DUCNET Co., Ltd

Fujitsu Limited, FANUC CORPORATION, and NTT Communications Corporation established DUCNET Co., Ltd. DUCNET will start business in April 2021.

The initiatives of FANUC

Utilize Digital Utility Cloud as a collaborative shared service for Machine Tool Industry

• Use services of Digital Utility Cloud(communication tool, storage, EC site, development platform, AI and so on ) for FANUC's own DX and further enhance their competitiveness for Machine Tool Industry.
• Develop the DX service provided for Machine Tool Industry as a tool, and plan to sell the tool through the ecosystem on the Digital Utility Cloud. (Remote support tool, etc.)

12	January 27, 2021

Role of the Digital Utility Cloud

Digital

Utility

Cloud

Common Service of DUCNET

（Collaborative shared area for Machine Tool Industry）

		Communication tool (SNS)
		Storage
Service provided by FANUC	EC site
Remote
maintenance tool
	Machine tool builder	Company	Company Company
AI manual search	A	B C
tool

Build a digital business

Visual guidance tool ・DX promotion service business ・DX promotion sales business

DUCNET

↓

Provide common digital services mainly for machine tool builders to machine tool industry

Machine Tool Builder

↓

Provide common digital services around a machine tool at user's sites

Machine ＣＮＣ

User

Machine tool

Company	Company	Company
E	F	G

Mobiledevice PC

Business DX around a machine tool at factory site ・Machine diagnosis

・Trouble shooting

etc

Machine User

↓

Promote business DX around

a machine tool at factory site

13	January 27, 2021

Role of FIELD system and collaboration with Digital Utility Cloud

Other cloud systems

Digital Utility Cloud

MES

ERP

EDI

(Collaborative shared area for Machine Tool Industry）

etc

Digital data

Digital data at

factory site

at factory site

Digital data to

Digital service

factory site

to factory site

Factory(manufacturing system)

Visualize

Uptime

Mainte-

Quality

Application

Application

Application

Impro-

nance

Impro-

by machine tool

by machine tool

by application

vement

Support

vement

builder A

builder B

developer

ＣＮＣ

ＣＮＣ

ＣＮＣ

ROBOT

ROBOT

PLC

Sensor

Machine

Machine

ROBOMACHINE

tool A

tool B

Digital Utility Cloud

↓

Provide digital service around machine tool in cooperation with manufacturing system in a factory and utilizing digital data with high reliability

FIELD system

↓

Systematize the manufacturing site and promote DX of manufacturing operation

Link the digital data at factory site to cloud system

14	January 27, 2021