FANUC CORPORATION
6954・Prime Market・Electric Appliances
Business
FANUC CORPORATION was established in 1972 through the spin-off of Fujitsu's NC division and operates four divisions under FANUC CORPORATION (Single Segment): the FA Division (CNC Systems), centered on CNC systems (CNC and servo motors) and lasers; the Robot Division (Industrial Robots), which handles industrial robots (including robot systems); the Robomachine Division (ROBODRILL, ROBOSHOT, ROBOCUT), comprising compact machining centers (ROBODRILL), electric injection molding machines (ROBOSHOT), and wire-cut electrical discharge machines (ROBOCUT); and the Service Division. Its main customers are machine tool manufacturers, automotive and EV-related manufacturers, and general industrial manufacturers, and it provides an integrated offering of product development, manufacturing, sales, and maintenance services through a global network of locations including Japan, the Americas, Europe, China, and India. Consolidated net sales for FY2026 (ending March 2026) reached ¥857,831 million.
Business Model
The company internally develops CNC systems as its core technology, adopting a vertically integrated model in which robots and robomachines are deployed as applications of this technology. In addition to one-time revenue from product sales, the company upholds a "Service First" philosophy, continuing to provide maintenance services as long as customers use its products, thereby securing stable recurring revenue. In FY2026 (ending March 2026), the Service Division's sales amounted to ¥141,143 million (16.5% of the total), forming a revenue structure that complements sales of production equipment, which are susceptible to economic fluctuations.
Company Strengths
Since developing Japan's first privately-made NC and servo mechanism in 1956, the company has continued to accumulate CNC and servo as core foundational technologies, establishing a technological standing symbolized by the mutual patent licensing agreement concluded with Siemens in 1983. R&D expenses for FY2026 (ending March 2026) amounted to ¥44,959 million, and the company continues to roll out new products actively applying AI, IoT, and digital twin technologies across all fields—FA, Robots, and Robomachine.
Cash and cash equivalents at the end of FY2026 (ending March 2026) reached ¥615,075 million, and all funding requirements for the fiscal year were covered entirely by internal funds, maintaining zero external financing. Against total net assets of ¥1,882,947 million, total liabilities stood at ¥207,753 million, indicating extremely high financial soundness and financial resilience that allows the company to continue R&D and capital investment even during economic downturns.
The company operates local subsidiaries in the Americas, Europe, Korea, Taiwan, India, and China, supporting improved customer uptime through product development based on the concept of "products that don't break, that notify before breaking, and that can be fixed quickly even if they break," combined with a "service first" system. The Service Division recorded ¥141,143 million in FY2026 (ending March 2026), up 4.4% year on year, and has a structure of stable growth in line with the expansion of the installed base.
ENVALITH's Perspective
Performance Trend
Revenue peaked at ¥851,956 million in FY2023 (ended March 2023), then declined in FY2024 (ended March 2024) (¥795,274 million) and FY2025 (ended March 2025) (¥797,129 million), but in FY2026 (ending March 2026) it reached a record high of ¥857,831 million. Operating profit also rose to ¥183,763 million (operating margin of 21.4%), surpassing the FY2022 (ended March 2022) level (¥183,240 million) and clearly recovering from the FY2024 (ended March 2024) trough (¥141,919 million). Externally, expanding demand for robots related to EVs and general industry in China, along with strong overseas demand for domestic machine tool manufacturers, were the main drivers. Meanwhile, sluggish demand in Europe and the impact of U.S. tariffs remain uncertain factors going forward. For FY2027 (ending March 2027), the company forecasts further expansion, with revenue of ¥909,600 million and operating profit of ¥212,200 million.
Growth Strategy
Applying IoT and AI across all products, capturing demand in China and India, and diversifying production sites to drive medium- to long-term growth
Applying the latest control, digital, IoT, and AI technologies to all products to promote improvements in customers' production efficiency and the creation of added value. Concurrently advancing product development focused on ease of use in response to the shortage of skilled workers, aiming to strengthen competitiveness.
In China, demand for EV-related and general industrial robots expanded significantly in FY2026 (ending March 2026), driving the Robot Division's growth of +14.9% year on year. In India, demand for CNC systems from industries actively investing in capital equipment remained strong, contributing to the FA Division (CNC Systems)'s growth. The Company will continue to promote sales expansion in both markets.
Promoting the diversification of production sites, service sites, and parts procurement sources in response to geopolitical risks and natural disasters. Building a system that fulfills the responsibility to supply customers under any circumstances by holding appropriate parts inventory.
Strengthening a globally consistent, IT-enabled service system that emphasizes CX (customer experience), achieving improvements in customer satisfaction and equipment utilization rates. The Service Division's net sales for FY2026 (ending March 2026) reached ¥141,143 million (+4.4% year on year), continuing stable growth.
At the Board of Directors meeting on April 24, 2026, the Company resolved to conduct a share buyback of up to 10 million shares and ¥50.0 billion (acquisition period: May 2026 to April 2027). The Company maintains a basic policy of a 60% dividend payout ratio, and the annual dividend for FY2026 (ending March 2026) was increased to ¥107.09 per share (+¥12.70 year on year).
Last updated: July 19, 2026