October 29, 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 and so on
FANUC CORPORATION announces differences between consolidated 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 July 28, 2020 and the actual results announced today, as follows:
Also, based on the latest business performances, the company announces the consolidated revision of the financial forecasts for the full year ending March 31, 2021 (April 1, 2020 - March 31, 2021), as follows:
1. Differences betweeen the consolidated financial forecasts and the actual results 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) | 212,400 | 20,400 | 25,900 | 18,700 | 97.48 |
Actual (B) | 230,411 | 32,321 | 38,220 | 28,112 | 146.55 |
Amount changed (B-A) | 18,011 | 11,921 | 12,320 | 9,412 | |
% of change | 8.5 | 58.4 | 47.6 | 50.3 | |
(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 | |
Previous forecast (A) | 423,300 | 38,500 | 47,700 | 34,500 | 179.85 |
New forecast (B) | 502,500 | 85,400 | 96,300 | 71,800 | 374.30 |
Amount changed (B-A) | 79,200 | 46,900 | 48,600 | 37,300 | |
% of change | 18.7 | 121.8 | 101.9 | 108.1 | |
(Reference) | |||||
The consolidated financial | 508,252 | 88,350 | 102,816 | 73,371 | 381.89 |
results for the year ended | |||||
March 31, 2020 (April 1, 2019 | |||||
- March 31, 2020) | |||||
3. Reason for the Disclosure
Regarding the consolidated financial results for the second quarter (cumulative) of the fiscal year ending March 31, 2021, the market conditions became harsh owing to factors including an ongoing global trend of reduction in capital investment due to the impact of the spread of the coronavirus (COVID-19). However, in addition to recovery first taking place in China, other regions also rebounded gradually in the latter part of the period. As a result, consolidated results exceed previous forecasts.
Regarding the consolidated financial forecasts for the full year of the fiscal year ending March 31, 2021, the company anticipates that in addition to strong IT-related demand, demand for robots will increase, and as such, forecasts as above.
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
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Fanuc Corporation published this content on 29 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 October 2020 06:09:07 UTC