(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, 2023
April 26, 2023 | ||
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 the Annual Meeting of Shareholders: June 29, 2023
Scheduled date of commencing of dividend payments: June 30, 2023
Scheduled date of filing the Securities Report: June 30, 2023
Availability of supplementary briefing material on annual financial results: Yes
Schedule of annual financial results briefing session: Yes
1. Consolidated Financial Results for the Year Ended March 31, 2023 (April 1, 2022 - March 31, 2023)
(1) Consolidated Results of Operations
Net income | ||||||||
Net sales | Operating income | Ordinary income | attributable to owners | |||||
of parent | ||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |
FY2022 | 851,956 | 16.2 | 191,359 | 4.4 | 231,327 | 8.4 | 170,587 | 9.9 |
FY2021 | 733,008 | 33.0 | 183,240 | 62.9 | 213,395 | 65.8 | 155,273 | 65.2 |
Note: Consolidated comprehensive income: | FY2022: ¥ 203,640 million 1.2% | |||||||
FY2021: ¥ 201,257 million 62.2% | ||||||||
Net income | Net income | Ordinary | Operating | |||||
per share | Return on equity | income-to-total | income-to-net | |||||
per share | ||||||||
(diluted) | capital ratio | sales ratio | ||||||
FY2022 | Yen | Yen | % | % | % | |||
178.55 | - | 10.8 | 12.6 | 22.5 | ||||
FY2021 | 161.90 | - | 10.5 | 12.5 | 25.0 | |||
(Reference) Equity in earnings of affiliates: FY2022: ¥32,371 million | FY2021: ¥23,126 million |
Note: On April 1, 2023, the Company performed a 1 for 5 stock split of common share. "Net income per share" was calculated assuming that the stock split was performed at the beginning of the previous fiscal year.
(2) Consolidated Financial Position
Total assets | Net assets | Equity ratio | Net assets | ||
per share | |||||
FY2022 | Millions of yen | Millions of yen | % | Yen | |
1,873,536 | 1,627,555 | 86.2 | 1,695.19 | ||
FY2021 | 1,783,964 | 1,549,879 | 86.1 | 1,601.31 | |
(Reference) Equity: FY2022 ¥1,615,376 million | FY2021 | ¥1,535,809 million |
Note: On April 1, 2023, the Company performed a 1 for 5 stock split of common share. "Net assets per share" was calculated assuming that the stock split was performed at the beginning of the previous fiscal year.
(3) Consolidated Cash Flow Position
Cash flows from | Cash flows from | Cash flows from | Cash and cash | |
equivalents at the end of | ||||
operating activities | investing activities | financing activities | ||
the fiscal year | ||||
FY2022 | Millions of yen | Millions of yen | Millions of yen | Millions of yen |
99,505 | (77,998) | (127,924) | 476,953 | |
FY2021 | 125,581 | (53,929) | (89,154) | 574,655 |
2. Dividends
Dividends per share | Total | Payout Dividends-to- | ||||||
amount of | ratio | net assets | ||||||
1st | 2nd | 3rd | Fiscal | |||||
(Cut-off date) | Full year | dividends | (conso- | ratio | ||||
Quarter | Quarter | Quarter | year-end | (full year) | lidated) | (consolidated) | ||
FY2021 | Yen | Yen | Yen | Yen | Yen | Millions of yen | % | % |
― | 246.02 | ― | 239.68 | 485.70 | 93,168 | 60.0 | 6.3 | |
FY2022 | ― | 264.02 | ― | 271.64 | 535.66 | 102,279 | 60.0 | 6.5 |
FY2023 | ― | ― | ― | ― | ― | ― | ||
(forecast) | ||||||||
Note: On April 1, 2023, the Company performed a 1 for 5 stock split of common share. Figures for FY2021 and FY2022 are the actual amount of dividends before the stock split.
Note: The 2nd quarter-end and year-end dividends for FY2023, will be disclosed promptly upon their availability.
3. Consolidated Financial Forecasts for FY 2023 (April 1, 2023 - March 31, 2024)
(% for the 2Q cumulative period and for the full year represents changes from the same quarter of the previous fiscal year and changes from the previous fiscal year respectively.)
Net sales | Operating income | Ordinary income | Net income | Net income | |||||
attributable to | |||||||||
per share | |||||||||
owners of parent | |||||||||
2nd Quarter | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of | % | Yen |
399,600 | (4.0) | 76,200 | (19.5) | 91,600 | (20.7) | 67,100 | (20.3) | 70.42 | |
(Cumulative) | |||||||||
Full year | 819,500 | (3.8) | 156,300 | (18.3) | 185,500 | (19.8) | 137,100 | (19.6) | 143.87 |
Note: On April 1, 2023, the Company performed a 1 for 5 stock split of common share. "Net income per share" in the Consolidated Financial Forecasts has taken into account the impact of the stock split.
*Notes
(1) Changes in Significant Subsidiaries during the year ended March 31, 2023
(changes in specific subsidiaries that caused change in scope of consolidation) : No
(2) Changes in Accounting Principles and Changes, Revisions or Restatements in Accounting Estimates
1. | Changes in accounting principles associated with changes in | : | No |
accounting standards | |||
2. | Changes in accounting principles other than 1 | : | No |
3. | Changes in accounting estimates | : | No |
4. | Revisions or restatements in accounting estimates | : | No |
- Number of shares outstanding (Common shares)
1. Number of shares outstanding at the end of the period (including treasury stocks)
March 31, 2023 | 1,009,546,985 | March 31, 2022 | 1,009,546,985 | |
shares | shares | |||
2. | Number of treasury stocks at the end of the period | March 31, 2022 | 50,449,375 | |
March 31, 2023 | 56,626,695 | |||
shares | shares | |||
3. | Average number of shares during the period | Year ended | 959,086,615 | |
Year ended | 955,390,733 | |||
March 31, 2023 | shares | March 31, 2022 | shares |
Note: On April 1, 2023, the Company performed a 1 for 5 stock split of common share. "Number of shares outstanding at the end of the period," "Number of treasury stocks at the end of the period" and "Average number of shares during the period" were calculated assuming that the stock split was performed at the beginning of the previous fiscal year.
(Reference) Summary of Non-Consolidated Financial Results
1. Non-Consolidated Financial Results for FY 2022 (April 1, 2022 - March 31, 2023)
(1) Non-Consolidated Results of Operations
Net sales | Operating income | Ordinary income | Net income | |||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |
FY2022 | 635,002 | 9.8 | 128,202 | (3.4) | 231,896 | 45.6 | 190,643 | 56.2 |
FY2021 | 578,260 | 39.0 | 132,768 | 109.1 | 159,216 | 81.2 | 122,064 | 73.3 |
Net income | Net income | |||||||
per share | ||||||||
per share | ||||||||
(diluted) | ||||||||
FY2022 | Yen | 199.54 | Yen | |||||
- | ||||||||
FY2021 | 127.27 | - |
Note: On April 1, 2023, the Company performed a 1 for 5 stock split of common share. "Net income per share" was calculated assuming that the stock split was performed at the beginning of the previous fiscal year.
(2) Non-Consolidated Financial Position
Total assets | Net assets | Equity ratio | Net assets | |||
per share | ||||||
FY2022 | Millions of yen | Millions of yen | % | Yen | ||
1,369,957 | 1,218,677 | 89.0 | 1,278.89 | |||
FY2021 | 1,307,224 | 1,150,023 | 88.0 | 1,199.07 | ||
(Reference) | Equity: FY 2022 ¥1,218,677 million FY2021 | ¥1,150,023 million |
Note: On April 1, 2023, the Company performed a 1 for 5 stock split of common share. "Net assets per share" were calculated assuming that the stock split was performed at the beginning of the previous fiscal year.
- The report of the annual financial results is not subject to audit by certified public accountant or audit firm.
-
Notes on appropriate use of the financial forecasts, other notes.
Any forward looking statements such as financial forecasts described in this report are subject to uncertain factors such as product 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 "Future Outlook" on page 5 of the Accompanying Documents. The forecasts of the 2nd quarter-end and the year-end dividends for FY 2023, will be disclosed promptly upon their availability.
Table of Contents of Accompanying Documents
1. Overview of Results of Operations etc. | 2 | |
(1) | Overview of Results of Operations | 2 |
(2) | Overview of Financial Position | 4 |
(3) | Overview of Cash Flows | 4 |
(4) | Future Outlook | 5 |
- Basic Policy on Return of Profit to Shareholders
and Dividends | 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 |
- 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 | |
(Segment information, etc.) | 16 | |
(Per share data) | 17 | |
(Significant subsequent events) | 17 |
1
1. Overview of Results of Operations, etc.
(1) Overview of Results of Operations
Regarding the circumstances surrounding the FANUC Group during this fiscal year (April 1, 2022
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March 31, 2023), capital investment in the entire manufacturing sector, including automobile related sector, was active. However, the outlook has remained uncertain, due to several factors, including the impact of the shortage in semiconductors and other components on production activities, the soaring price of raw materials, and sudden fluctuations in foreign exchange rates. Under these circumstances, the FANUC Group has striven to maintain the delivery of products and service activities for our customers while 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 mechanical 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 pushing 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, and pushed forward with development geared towards improved energy-efficiency of our products. Further, we have been engaged in energy-saving initiatives, including the large-scale installation of solar panels at the Headquarters and Mibu areas.
During the fiscal year ended March 31, 2023, FANUC posted consolidated net sales totaling ¥851,956 million, up 16.2%, consolidated ordinary income totaling ¥231,327 million, up 8.4%, and net income attributable to owners of parent totaling ¥170,587 million, up 9.9%, compared with the previous fiscal year.
During this fiscal year, the "FANUC Robot M-1000iA," which is a compact robot with a wide range of motion, a powerful yet smart design, and a 1,000 kg payload capacity, won awards at the "Nikkan Kogyo Shimbun Best 10 New Product Awards 2022 (Main Award)," the "2022Nikkei Excellent Products and Services Awards - Nikkei Business Daily Awards," and the "2022 GOOD DESIGN AWARDS - GOOD DESIGN BEST 100."
The following is a summary of the results for each business division:
[FA Division]
In the FA Division, overall demand from the machine tool industry, the primary market for CNC systems, remained very strong with the exception of China. Demand in China remained at the level similar to those in the previous fiscal year. Sales of our CNC systems increased compared with the
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Fanuc Corporation published this content on 31 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2023 06:16:04 UTC.