(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 Annual Financial Results
(based on Japanese standards)
For the Year ended March 31, 2022
April 26, 2022
Company name: FANUC CORPORATION Stock code: 6954
Representative: (Title) President
Stock exchange listing: Tokyo Stock Exchange URL:https://www.fanuc.co.jp/eindex.html(Name) Kenji Yamaguchi
Contact: (Title) Manager, Public Relations & Shareholders Relations Department
(Name) Naoki Yukisada TEL: (0555)84-5555
Scheduled date of the Annual Meeting of Shareholders: June 29, 2022
Scheduled date of commencing of dividend payments: June 30, 2022 Scheduled date of filing the Securities Report: June 30, 2022
Availability of supplementary briefing material on annual financial results: Available Schedule of annual financial results briefing session: Scheduled
1. Consolidated Financial Results for the Year Ended March 31, 2022 (April 1, 2021 - March 31, 2022) (1) Consolidated Results of Operations
(% represents changes from the previous term.)
Net income
Net sales
YoY | YoY | |||||||
Millions of yen | change | Millions of yen | change | Millions of yen | change | Millions of yen | change | |
% | % | % | % | |||||
FY2021 | 733,008 | 33.0 | 183,240 | 62.9 | 213,395 | 65.8 | 155,273 | 65.2 |
FY2020 | 551,287 | 8.5 | 112,514 | 27.4 | 128,744 | 25.2 | 94,012 | 28.1 |
Operating income | Ordinary income | attributable to owners |
of parent | ||
YoY | YoY |
Note: Consolidated comprehensive income: FY2021: ¥ 201,257 million 62.2% 116.3%
FY2020: ¥ 124,079 million
Net income per share | Net income per share (diluted) | Return on equity | Ordinary income-to-total capital ratio | Operating income-to-net sales ratio | |
FY2021 FY2020 | Yen 809.49 490.11 | Yen - - | % 10.5 6.8 | % 12.5 8.2 | % 25.0 20.4 |
(Reference) Equity in earnings of affiliates: FY2021: ¥23,126 million FY2020: ¥11,640 million
(2) Consolidated Financial Position
Total assets | Net assets | Equity ratio | Net assets per share | |
FY2021 FY2020 | Millions of yen 1,783,964 1,625,191 | Millions of yen 1,549,879 1,435,554 | % 86.1 87.7 | Yen 8,006.53 7,431.58 |
(Reference) Equity: FY2021: ¥1,535,809 million FY2020: ¥1,425,479 million
(3) Consolidated Cash Flow Position
Cash flows from operating activities | Cash flows from investing activities | Cash flows from financing activities | Cash and cash equivalents at end of period | |
FY2021 FY2020 | Millions of yen 125,581 117,996 | Millions of yen (53,929) (16,770) | Millions of yen (89,154) (53,132) | Millions of yen 574,655 577,919 |
2. Dividends
Dividends per share | Total amount of dividends (full year) | Payout ratio (conso-lidated) | Dividends-to-net assets Ratio (consolidated) | |||||
(Cut-off date) | 1st Quarter | 2nd Quarter | 3rd Quarter | Year-end Dividends | Full year | |||
FY2020 FY2021 | Yen ― ― | Yen 87.93 246.02 | Yen ― | Yen 206.14 239.68 | Yen 294.07 485.70 | Millions of yen 56,407 93,168 | % 60.0 60.0 | % 4.1 6.3 |
FY2022 (forecast) | ― | ― | ― | ― | ― | ― |
Note: The forecasts of the 2nd quarter-end and year-end dividends for the year ending March 31, 2023, will be disclosed promptly upon their availability.
3. Consolidated Financial Forecasts for the Year Ending March 31, 2023 (April 1, 2022 - March 31, 2023) (% for the 2Q cumulative period and for the full year represent changes from the same quarter of the previous fiscal year and changes from the previous fiscal year.)
Net sales | Operating income | Ordinary income | Net income attributable to owners of parent | Net income per share | |
2nd Quarter (Cumulative) Fiscal period | Millions of yenYoY change %
| Millions of yenYoY change %
| Millions of yenYoY change %
| Millions of yenYoY change %
| Yen 432.70 866.44 |
*Notes
(1) Changes in Significant Subsidiaries during the year ended March 31, 2022
(changes in specific subsidiaries that caused change in scope of consolidation) : No
(2) 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 refer to "4. Consolidated Financial Statements and Primary Notes (5)
Notes to Consolidated Financial Statements (Changes in accounting principles)" on Page 16 in Attachment.
(3) Number of shares outstanding (Common shares)
1. Number of shares outstanding at the end of the period (including treasury stocks)
2. Number of treasury stocks
3. Average number of shares during the period
Year ended 191,817,323 March 31, 2022 shares
March 31, 2022 201,909,397 | March 31, 2021 | 201,922,097 |
shares | shares | |
March 31, 2021 | 10,108,169 | |
shares | ||
Year ended | 191,820,543 | |
March 31, 2021 | shares |
10,089,875 shares
March 31, 2022
(Reference) Summary of Non-Consolidated Financial Results
1. Non-Consolidated Financial Results for the Year Ended March 31, 2022 (April 1, 2021 - March 31, 2022)
(1) Non-Consolidated Results of Operations
(% represents changes from the previous term.)
Net sales | Operating income | Ordinary income | Net income | |
FY2021 FY2020 | Millions of yenYoY change %
| Millions of yenYoY change %
| Millions of yenYoY change %
| Millions of yenYoY change %
|
Net income per share | Net income per share (diluted) | |
FY2021 FY2020 | Yen 636.35 367.28 | Yen - - |
(2) Non-Consolidated Financial Position
1,307,224 | 1,150,023 | 88.0 | 5,995.34 |
1,236,223 | 1,116,242 | 90.3 | 5,819.40 |
Total assets | Net assets | Equity ratio | Net assets per share | |
FY2021 FY2020 | Millions of yen 1,307,224 1,236,223 | Millions of yen 1,150,023 1,116,242 | % 88.0 90.3 | Yen 5,995.34 5,819.40 |
(Reference) Equity: FY2021: ¥1,150,023 million FY2020: ¥1,116,242 million
* The report of the annual 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 refer to "Future Outlook" on page 5 of the Accompanying Documents. The forecasts of the 2nd quarter-end and the year-end dividends for the year ending March 31, 2023, will be disclosed promptly upon their availability.
Table of Contents of Accompanying Documents
1.Overview of Results of Operations and Financial Position 2
(1) Overview of Results of Operations 2
(2) Overview of Financial Position 4
(3) Overview of Cash Flows 4
(4) Future Outlook 5
(5) Basic Policy on Return of Profit to Shareholders and
Dividends for the Period ended March 31, 2022 5
2.Management Policy, Business Environment, Challenges,
and Other Matters 6
(1) Basic Management Policy 6
(2) Business Environment and Challenges 6
3.Basic Way of Thinking Regarding the Choice of
Accounting Standards 8
4.Consolidated Financial Statements and Primary Notes 9
(1) Consolidated Balance Sheets 9 (2) Consolidated Statements of Income and
Consolidated Statements of Comprehensive Income 11
(3) Consolidated Statements of Changes in Net Assets 13
(4) Consolidated Statements of Cash Flows 15
(5) Notes to Consolidated Financial Statements 16
(Note on premise of a going concern) 16
(Changes in accounting principles) 16
(Changes in presentation methods) 16
(Segment information, etc.) 16
(Per share data) 17
(Significant subsequent events) 17
1
1. Overview of Results of Operations and Financial Position
(1) Overview of Results of Operations
Regarding the circumstances surrounding the FANUC Group during this fiscal year (April 1, 2021 - March 31, 2022), 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 has 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. In particular, with regard to the shortages of semiconductors and other components, the entire company has become involved and has done every effort to minimize the impact of such shortages by taking measures such as utilizing alternative parts and even changing the design of our products.
Even under such difficult circumstances as these, the FANUC Group has pushed forward with initiatives towards future development, including the development of new products and new functions and increasing of production capacity at our factories.
In addition, amid the global push toward a carbon-free society, we recognize that climate change is an important management issue for the FANUC Group as we are doing business globally. Accordingly, we have set ourselves a long-term goal of achieving net-zero greenhouse gas emissions through the Group's business activities by 2050, and a medium-term goal of a 42% reduction in these same emissions by 2030 (relative to emissions for 2020). In order to achieve these goals, we will promote the installation of solar panels in-house and efforts towards energy-saving measures at our factories, etc. We will also push forward with efforts to make our company products even more energy-efficient.
During the fiscal year ended March 31, 2022, FANUC posted consolidated net sales totaling ¥733,008 million, up 33.0%, consolidated ordinary income totaling ¥213,395 million, up 65.8%, and net income attributable to owners of parent totaling ¥155,273 million, up 65.2%, compared with the previous fiscal year.
During fiscal year ended March 31, 2022, the "FANUC ROBOCUTs α-CiC Series" wire electrical-discharge machine, which, in addition to being designed to deliver high machining performance and operating rates, also pursues ease of use, won the "Nikkan Kogyo Shimbun Best 10 New Product Awards 2021/Main Award". Further, the collaborative robot "FANUC Robot CRX-10iA", which is equipped with all of "Safety", "Ease of Use" and "High Reliability" won the "Japan Techno-Economics Society Chairperson's Award" at the 10th Technology Management and Innovation Award sponsored by the Japan Techno-Economics Society. In addition, the "FANUC ROBOSHOTs α-SiB Series, equipped PANEL iH Pro display device"-the largest in the industry
2
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Fanuc Corporation published this content on 31 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2022 06:09:06 UTC.