Fanuc : Notice Concerning Distribution of Dividends from Surplus (including Special Dividends) to Shareholders

April 24, 2020

Company name: FANUC CORPORATION

Representative: Kenji Yamaguchi, President

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

Contact: Keisuke Fujii , Manager, Public Relations

Tel: (0555) 84 - 5555

Notice Concerning Distribution of Dividends from Surplus (including Special Dividends) to Shareholders

At the meeting held on April 24, 2020, the Board of Directors of FANUC CORPORATION resolved to propose an agenda asking for authorization to distribute dividends including special dividends (for the six months ended March 31, 2020) from surplus, with record date on March 31, 2020, at the 51th Annual General Shareholders' Meeting to be held on June 26, 2020.

１．Details of dividends

Record date	March 31, 2020	September 30,	March 31, 2019
2019
	Resolution	Previous	Past record	Past record
	Forecast
	Yen			Yen
Dividends per	174.65		Yen	404.92
(Ordinary dividends	－	(Ordinary dividends
share	103.79)		125.35	224.34)
	(Special dividends			(Special dividends
	70.86)			180.58)
	101.0%			108.3%
	(Ordinary dividends			(Ordinary dividends
Payout ratio	60.0%)	－	60.0%	60.0%)
	(Special dividends			(Special dividends
	41.0%)			48.3%)
Total amount of	Millions of Yen		Millions of Yen	Millions of Yen
	－
dividends	33,502	24,055	78,486
Effective date	June 29, 2020	－	December 2,	June 28, 2019
2019
Dividend	Retained earnings	－	Retained	Retained earnings
resource	earnings

２．Reason for the dividend Amount

We have paid dividends based on the shareholder return policy of "in principle, a consolidated payout ratio of 60%," as noted in the Consolidated Annual Financial

Results for the Year ended March 31, 2020 (released on April 24, 2020).

In addition, the Board of Directors resolved at meetings held on April 24, July 29, October 28, 2019, and January 29, 2020, to acquire treasury shares in amounts up to ¥50.0 billion, but given the extreme volatility of the stock market as a result of factors including trade friction between the United States and China and the new coronavirus pandemic, the amounts of treasury shares acquired did not reach the approved upper limits.

In addition to a dividend corresponding to a consolidated payout ratio of 60%, the proposed year-end dividend includes a special dividend, provided primarily from the difference between the upper limit amounts approved by the Board of Directors and the amounts of treasury shares actually acquired.

As the result, the year-end dividend (planned) will be as follows.

	First half of	Second half of	FY 2019 in total
	FY 2019	FY 2019
	Yen	Yen	Yen
Current term (FY 2019)
Dividends per share	125.35	174.65	300.00
(Ordinary dividends)	(125.35)	(103.79)	(229.14)
(Special dividends)	－	(70.86)	(70.86)
Payout ratio	60.0%	101.0%	78.6%
(Ordinary dividends)	(60.0%)	(60.0%)	(60.0%)
(Special dividends)	－	(41.0%)	(18.6%)
(Reference)
Previous term (FY 2018)
Dividends per share	598.19	404.92	1,003.11
(Ordinary dividends)	(252.87)	(224.34)	(477.21)
(Special dividends)	(345.32)	(180.58)	(525.90)
Payout ratio	141.9%	108.3%	126.1%
(Ordinary dividends)	(60.0%)	(60.0%)	(60.0%)
(Special dividends)	(81.9%)	(48.3%)	(66.1%)

End