Earnings quality
Compare earnings and operating cash flow for earnings quality.
FANUC Corporation
Ticker 6954 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-06-22 · Period end 2026-03-31
Takeaway
Worth trackingSales and operating profit both moved in a healthier direction.
operating margin is 21.4%.
Sales and operating profit moved together — keep watching margins and whether the trend persists next period.
ActionWorth tracking
OP margin21.4%
Equity ratio—
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
ファナック株式会社 is a Japanese listed company whose core business is the manufacture and sale of electric motors, based on its annual securities report business description.
- electric motors
Compare trends
No phone/email found in this filing · Filing date 2026-06-22
Financial statements
Income statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Revenue | ¥797.1B | ¥857.8B |
| Cost of sales* | ¥502.2B | ¥529.4B |
| Gross profit | ¥294.9B | ¥328.5B |
| Operating profit (loss) | ¥158.8B | ¥183.8B |
| Finance income | — | — |
| Finance costs | — | — |
| Income tax expense | ¥45.4B | ¥58.1B |
| Profit (loss) | ¥151.3B | ¥169.4B |
| Profit (loss) attributable to owners | ¥147.6B | ¥166.5B |
| Basic EPS (¥) | — | — |
Balance sheet
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash and cash equivalents | ¥502.1B | ¥615.1B |
| Current assets | ¥1.1T | ¥1.2T |
| Non-current assets | ¥851.2B | ¥853.7B |
| Total assets | ¥1.9T | ¥2.1T |
| Short-term borrowings | — | — |
| Current liabilities | ¥157.6B | ¥179.5B |
| Non-current liabilities* | ¥39.6B | ¥28.3B |
| Total liabilities | ¥197.1B | ¥207.8B |
| Equity attributable to owners | — | — |
| Total equity | — | — |
Cash flow statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash flows from operating activities | ¥255.3B | ¥250.9B |
| Cash flows from investing activities | — | — |
| Cash flows from financing activities | -¥136.6B | -¥98.6B |
| Net increase (decrease) in cash | -¥24.8B | ¥113.0B |
| Cash at end of period | ¥502.1B | ¥615.1B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | ¥733.0B | ¥852.0B | ¥795.3B | ¥797.1B | ¥857.8B | |
| Operating profit | ¥213.4B | ¥231.3B | ¥181.8B | ¥196.7B | ¥227.5B | |
| Profit to owners | — | — | — | ¥147.6B | ¥166.5B | |
| Total assets | ¥1.8T | ¥1.9T | ¥1.9T | ¥1.9T | ¥2.1T | |
| Cash & equivalents | — | — | ¥526.9B | ¥502.1B | ¥615.1B | |
| Owners’ equity | ¥1.5T | ¥1.6T | ¥1.7T | ¥1.7T | ¥1.9T |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Constructive
Sales and operating profit both moved in a healthier direction.
On the income statement, revenue moved from ¥797.1B to ¥857.8B (▲ +7.6%), so the top line did not break. Gross profit only slipped from ¥294.9B to ¥328.5B, while operating profit swung from ¥158.8B to ¥183.8B — the damage is concentrated below gross profit.
Cash tells a different story than earnings. Operating cash flow was still ¥250.9B (prior ¥255.3B), and cash on the balance sheet rose to ¥615.1B from ¥502.1B. When profits collapse but operating cash stays positive, read the notes for impairments and other non-cash charges before assuming the business stopped generating cash.
The balance sheet got heavier on leverage. Total liabilities rose to ¥207.8B while owners’ equity fell to —. ROE moved from 8.6% to 9.3%, and the equity ratio from 89.0% to 89.2%. Employee count is 10,040 vs 10,113 a year earlier.
Liquidity & leverage
Short-term borrowing levels look more stable year over year.
Capital buffer
Capital structure held relatively steady.
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Source: EDINET S100YG3Q
(ファナック株式会社), period end 2026-03-31.