(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 nine months ended December 31, 2021
January 26, 2022 | ||
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: (0555)84-5555
Scheduled date of filing quarterly report: February 9, 2022
Scheduled date of commencing of dividend payments: -
Availability of supplementary briefing material on quarterly financial results: Available
Schedule of quarterly financial results briefing session: Scheduled
1. Consolidated Financial Results for the Nine Months Ended December 31, 2021 (April 1, 2021 - December 31, 2021)
(1) Consolidated Results of Operations
(% represents changes from the previous corresponding Nine-month period.) | |||||||||||||||||||||||
Nine months | Net sales | Operating income | Ordinary income | Net income | |||||||||||||||||||
ended | attributable to owners | ||||||||||||||||||||||
December 31 | of parent | ||||||||||||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||||||||||||||||
2021 | 540,250 | 44.0 | 139,946 | 114.4 | 161,534 | 114.2 | 118,772 | 114.6 | |||||||||||||||
2020 | 375,229 | (2.9) | 65,263 | (4.9) | 75,397 | (5.4) | 55,344 | (2.1) | |||||||||||||||
Note: Consolidated | comprehensive income: | April-December 2021: | ¥137,892 million | 93.9% | |||||||||||||||||||
April-December 2020: | ¥71,131 million | 45.0% | |||||||||||||||||||||
Nine months | Net income | Net income | |||||||||||||||||||||
ended | per share | ||||||||||||||||||||||
per share | |||||||||||||||||||||||
December 31 | (diluted) | ||||||||||||||||||||||
2021 | Yen | Yen | - | ||||||||||||||||||||
619.20 | |||||||||||||||||||||||
2020 | 288.52 | - | |||||||||||||||||||||
(2) Consolidated Financial Position | |||||||||||||||||||||||
Total assets | Net assets | Equity ratio | |||||||||||||||||||||
Millions of yen | Millions of yen | % | |||||||||||||||||||||
December 31, 2021 | 1,703,468 | 1,486,555 | 86.5 | ||||||||||||||||||||
March 31, 2021 | 1,625,191 | 1,435,554 | 87.7 | 1,425,479 million | |||||||||||||||||||
(Reference) Equity: December 31, 2021: ¥1,473,978 million | March 31, 2021: ¥ | ||||||||||||||||||||||
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 not 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 | 726,200 | 31.7 | 186,500 | 65.8 | 214,700 | 66.8 | 159,300 | 69.4 | 830.48 |
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 | : No |
Consolidated Financial Reporting |
(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 8 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 | ||
December 31, 2021 | 201,909,397 | March 31, 2021 | ||
shares | shares | |||
2. | Number of treasury stocks | 10,088,254 | March 31, 2021 | 10,108,169 |
December 31, 2021 | ||||
shares | shares | |||
3. | Average number of shares during the period | April-December 2020 | 191,822,350 | |
April-December 2021 | 191,816,435 | |||
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 3 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 | 3 |
2.Consolidated Quarterly Financial Statements | 4 | |
(1) | Consolidated Quarterly Balance Sheet | 4 |
- Consolidated Quarterly Statement of Income and
Consolidated Quarterly Statement of Comprehensive Income | 6 | |
Consolidated Quarterly Statement of Income | 6 | |
Consolidated Quarterly Statement of Comprehensive Income | 7 | |
3.Other Information | 8 | |
(1) | Changes in Significant Subsidiaries during the Period | 8 |
(2) | Adoption of Simplified and Specifically Applied Accounting | |
Method for Quarterly Consolidated Financial Reporting | 8 |
- Changes in Accounting Principles and Accounting Estimates, and
Revisions/Restatements | 8 | |
(4) | Note on Premise of a Going Concern | 8 |
(5) | Note on the Substantial Change in Shareholders' Equity | 8 |
1
1. Results of Operations and Financial Position
(1) Results of Operations
Regarding the circumstances surrounding the FANUC Group during the first nine-month period of the fiscal year ending March 31, 2022 (from April 1 to December 31, 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, due to the prolonged impact on manufacturing activities 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 nine months from April to December 2021, FANUC posted consolidated net sales totaling ¥540,250 million, up 44.0%, consolidated ordinary income totaling ¥161,534 million, up 114.2%, and net income attributable to owners of parent totaling ¥118,772 million, up 114.6%, 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, as evidenced by an increase in Europe and the Americas as well as in China, where demand has been robust, and sales of FANUC's CNC systems also increased. With regard to our lasers, competition from overseas manufacturers remains fierce. As a result, net sales in the FA Division amounted to ¥163,854 million, up 56.0% 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, and demand from general industries in Europe remained strong, resulting in an increase in sales. In Japan, sales increased compared with the sluggish sales seen in the corresponding period of the previous fiscal year. As a result, net sales in the Robot Division amounted to ¥198,070 million, up 38.1% 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 in China. Sales of the ROBOSHOTs (electric injection molding machines) increased due to strong demand from IT-related and medical markets. Sales of the ROBOCUTs (wire electrical-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 ¥109,229 million, up 54.0% compared with the corresponding period of the previous fiscal year.
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 ¥69,097 million, up 23.7% compared with the corresponding period of the previous fiscal year.
2
(2) Financial Position
Total assets were ¥1,703,468 million, up ¥78,277 million compared with the end of the previous fiscal year.
Total liabilities were ¥216,913 million, up ¥27,276 million compared with the end of the previous fiscal year.
Total net assets were ¥1,486,555 million, up ¥51,001 million compared with the end of the previous fiscal year.
(3) Financial Results Forecasts
The outlook remains uncertain due to a shortage in components such as semiconductors. However, the Company anticipates strong demand in various areas in the fields of FA, Robots, and Robomachines, and as such, the Company forecasts financial results for fiscal 2021 (the fiscal year ending March 31, 2022), as follows.
For the fiscal year 2021 (April 1, 2021 through March 31, 2022)
(Millions of yen)
Previous forecast | Comparison with | ||
(released on | New forecast | ||
Previous forecast (%) | |||
October 27, 2021) | [B] | ||
[(B-A) / A] | |||
[A] | |||
Net sales | 708,900 | 726,200 | 2.4% |
Operating income | 177,500 | 186,500 | 5.1% |
Ordinary income | 203,400 | 214,700 | 5.6% |
Net income | 5.6% | ||
attributable to owners | 150,800 | 159,300 | |
of parent |
Note: The currency rate applied to the period from January 1, 2022 to March 31, 2022 is averaged at 105 yen/US dollar and 125 yen/Euro.
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Fanuc Corporation published this content on 31 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 January 2022 06:05:01 UTC.