May 30, 2013

Consolidated Financial Review
for the First Quarter Ended April 30, 2013
［Japanese standards］（Consolidated)
Company name:

RYOYO ELECTRO CORPORATION

Headquarters address:

12-22 Tsukiji 1-chome, Chuo-ku, Tokyo 104-8408 Japan

URL:

http://www.ryoyo.co.jp

Stock exchange listing:Tokyo Stock Exchange 1st Section

Code number:

8068

Company representative:

Takayoshi Oouchi, President

Inquiries:

Yutaka Horikiri, Senior Managing Director, Administration Headquaters
Tel: +81-3-3543-7710

E-mail: irmanager@ryoyo.co.jp

Due date of submitting of quarterly financial statement: June 12, 2013Due date of starting delivery of dividends: Supplementary materials for the quarterly financial results: None
Investor conference for the quarterly financial results: None
Note: Figures are rounded down to the nearest million yen.
１．Financial highlights for the first quarter ended April 30, 2013（2/1/2013-4/30/2013）（１）Consolidated operating results
Note: Percentages indicated changes from the same period of previous year.
Net sales

Operating income

Ordinary income％Millions of yen％

Millions of yen％

Millions of yen

Three months ended 4/30/13

20,461(8.4)

412(9.7)478

8.5

Three months ended 4/30/12

22,3261.9457

2.7441(11.0)

Note: Comprehensive income
Three months ended 4/30/13:

1,010 million yen (122.9%)

Three months ended 4/30/12:

453 million yen (Net income
Millions of yen

5.9%)
Fully diluted
net income per share

Net income per share％

Yen

Yen

Three months ended 4/30/13

317

42.1

12.30

12.26

Three months ended 4/30/12

223(37.0)

8.65－（２）Consolidated financial position
Net assets pershare

Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen％Yen

As of 4/30/13

73,47561,92684.2

2,395.81

As of 1/31/13

72,49061,30384.5

2,371.67(Reference) Equity
Year ended

4/30/13:61,876 million yen

Year ended

1/31/13:

61,252 million yen

1２．Dividends
Threemonthsended

Sixmonthsended

NinemonthsendedYear ended

Yen

Yen

Yen

Yen

(Base date)

Total
Yen

Year ended 1/31/13

－

15.00

－

15.00

30.00

Year ending 1/31/14

－－－－

－

Year ending 1/31/14 (Estimate)

－

15.00

－

15.00

30.00

Note: Revision to dividend forecast for this period: None３．Financial forecast for the year ending January 31,2014（2/1/2013-1/31/2014）
Note: Percentages indicated changes from the same period of previous year.
Net sales
Millions of yen％

Operating income

Ordinary income

Millions of yen

Millions of yen％％

Net income pershare

Net income
Millions of yen％

Yen

Six months ending
7/31/1344,000(1.5)

450(1.9)

550

11.8

350

46.3

13.55

Year ending
1/31/1490,000

3.2

1,100

52.3

1,300

42.9

800

88.8

30.98

Note: Revisions to financial forecast for this period: None2４．Others（1）Important changes in subsidiaries(Change on specific subsidiaries with changes in scope of consolidation): None
Newly added: －Excluded: －（2）Use of simplified accounting method and special accounting policy for the quarterly consolidated
financial reporting: None
（3）Changes in principles, procedures and method of presentation for the quarterly consolidated financial
statements① Changes in accounting policies: Yes② Other changes: None
③ Changes in accounting estimate: Yes④ Restatement of revisions: None
（4）Number of shares outstanding (common stock)① Number of shares of common stock issued as of:(Including treasury stock)April

30,2013: 28,800,000 shares

January 31,2013: 28,800,000 shares② Number of shares of treasury stock as of:April

30,2013: 2,973,218 shares

January 31,2013: 2,973,074 shares③ Average number of shares outstanding as of:April

30,2013: 25,826,825 shares

April
30,2012: 25,827,635 shares
Indication regarding the implementation status of the quarterly review procedure
The review procedure of the quarterly financial statement based on the Financial Instruments andExchange Act is not completed at the time of disclosure of this financial result.
Caution on forecast for the year ending January 31,2014
Forecasts regarding future performance in these materials are based on information available to management
at the time this report was prepared. Actual results may differ significantly from these statements fora number of reasons.
※ This financial review is only the translation of Japanese version.

3

Consolidated Balance Sheets（Millions of yen）
As ofAs ofJanuary 31, 2013

April 30, 2013

AmountAmount（ Assets）
Current Assets
Cash and deposits

13,226

14,587

Notes and accounts
receivable-trade23,29523,140

Short-term investment securities

10,9999,000

Merchandise and finished goods

11,34812,755

Deferred tax assets

119

183

Other

583

802

Allowance for doubtful accounts

(20)

(13)

59,55160,455

Property, plant and equipment

265

257

Intangible assets

602

606

Investment securities

10,884

10,948

Other

1,188

1,210

(2)

(2)

12,07012,156

Total noncurrent assets

12,93813,020Total assets

72,49073,475

Total current assets
Noncurrent assets

Investments and other assets

Allowance for doubtful accounts
Total investments and other assets

4Consolidated Balance Sheets（Millions of yen）
As of

As of

January 31, 2013

April 30, 2013

AmountAmount（ Liabilities）
Current liabilities

8,937

8,954

Income taxes payable

180

230

Accrued consumption taxes

21

5

Provision for bonuses

110

228

Other904

900

10,153

10,319Provision for retirement benefits

889

896

Deferred tax liabilities

46236

Other

95

95

1,032

1,229

11,186

11,548

Capital stock

13,672

13,672

Capital surplus

13,336

13,336

Retained earnings

37,98737,917

Treasury stock(3,295)(3,295)

Total shareholders’ equity

61,70061,630514

846

0(962)(0)(600)

(447)

245

Subscription rights to shares

5050

Total net assets

61,303

61,926

Total liabilities and net assets

72,49073,475

Notes and accounts payable-trade

Total current liabilities
Noncurrent liabilities

Total noncurrent liabilities
Total liabilities（Net assets）
Shareholders’ equity

Accumulated other comprehensive income
Valuation difference on
available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Total accumulated other comprehensive
income5Consolidated Statements of Income（Millions of yen）

Net sales
Cost of sales
Gross profit

Three months endedApril 30, 2012

Three months endedApril 30, 2013

AmountAmount22,326
20,2602,065

20,461
18,473
1,988

3599
95
46
111
31
721
1,608
457

(7)
608
117
34
89
46
688
1,575
412

35
22－
951

39
10
2
8
6
67

0
64
2067
441
441

0－0
0
1478
478

245
(28)
217
223
223

218
(57)
160
317
317

Selling, general and administrative expenses
Provision of allowance for doubtful accounts
Salaries and bonuses
Provision for bonuses
Retirement benefit expenses
Rent expenses
Depreciation
Other
Total selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Purchase discounts
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Sales discounts
Foreign exchange losses
Loss on abandonment of noncurrent assets
Other
Total non-operating expenses
Ordinary income
Income before income taxes and minority interests
Income taxes-current
Income taxes-deferred
Total income taxes
Income before minority interests
Net income

6Consolidated Statements of Income and Consolidated Comprehensive Statements of Income(Consolidated Comprehensive Statement of Income)

Income before minority interests（Millions of yen）
Three months endedApril 30, 2012

Three months endedApril 30, 2013

AmountAmount

223

317

51
0
177
229
453

332(0)
361
693
1,010

453

1,010

－－

Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income(Details)
Comprehensive income attributable to ownersof the parent
Comprehensive income attributable tominority interests7Consolidated Sales by Product(Millions of yen)Three months ended

Three months endedApril 30, 2012

April 30, 2013

AmountComposition(%)

AmountIncrease(Decrease)

Composition(%)(Semiconductors)
Integrated Circuits

7,999

35.9

6,856

33.5

(1,142)Discrete Electronic
Components

3,464

15.5

3,596

17.6

131

Sub total

11,46451.4

10,45351.1(1,010)Computer Systems andPeripherals

8,940

40.0

7,975

39.0(965)Electronic Devices

1,921

8.6

2,033

9.9

111

Total

22,326100.0

20,461100.0(1,864)8