Consolidated Financial Results
for the Three Months Ended March 31, 2022
(Japanese GAAP)May 12, 2022

Company Name: RYOBI LIMITED
Stock Code: 5851
(URL: https://www.ryobi-group.co.jp/)
Stock Exchange Listing: Tokyo
Representative: Akira Urakami, President and CEO
Contact: Hiromu Arihiro, Corporate Officer
Contact: Divisional Deputy General Manager of Corporate Planning Division
Contact: General Manager of Finance Department
Phone: +81-3-3501-0511
Scheduled date to submit the Quarterly Securities Report : May 12, 2022
Date of scheduled payment of dividend : －Availability of supplementary briefing material on quarterly results : Yes
Presentation Meeting : No

1.

(Any amount less than one million is disregarded.)

Consolidated Financial Results for the Three Months Ended March 31, 2022
(From January 1, 2022 to March 31, 2022)(1) Consolidated Results of Operations(% indicates changes from the corresponding period of the previous fiscal year.)Net sales
Millions of yen
Three months ended
March 31,2022

Operating profit% Millions of yen

57,384

19.0

2,733

Ordinary profit% Millions of yen

327.2

3,153

Three months ended
48,235
4.4
639
157.1
1,038
March 31,2021(Note) Comprehensive income: Three months ended March 31, 2022: 7,435 million yen [15.6%](Note) Comprehensive income: Three months ended March 31, 2021: 6,429 million yen [－%]

Profit attributable toowners of parent% Millions of yen%

203.8

2,143

159.1

360.6

827

－

Fully diluted profit
per share
YenYenProfit per share
Three months endedMarch 31, 2022

66.21

–

Three months ended
25.56–
March 31, 2021
*Since the year-on-year rate of profit attributable to owners of parent from the corresponding period of the previous fiscal year is over
1,000%, “-” is indicated.

(2) Consolidated Financial Position
Shareholders'equity ratio

Total assets

Net assets

Millions of yen

Millions of yen%

As of March 31, 2022

290,089

139,590

45.0

As of December 31, 2021

279,422

131,717

44.0(Reference) Shareholders' Equity: As of March 31, 2022: 130,639 million yen(Reference) Shareholders' Equity: As of December 31, 2021: 122,926 million yen-1-2.

Dividends
Cash dividends per share
End of 1Q End of 2Q End of 3Q Year-end
Yen
YenYenYen
FY December 2021–FY December 2022–

FY December 2022
(Forecast)

AnnualYen

10.00

–

10.00

20.00

20.00

–

20.00

40.00

(Reference) Correction from the dividend forecast, which is published in the most recent: No3.

Forecast of Consolidated Financial Results for the Fiscal Year Ending December 31, 2022
(From January 1, 2022 to December 31, 2022)(% indicates percentage changes as compared with the previous corresponding fiscal period or fiscal year, as applicable.)
Net sales

Operating profit

Ordinary profit%%

Profit attributable toowners of parent

Profit per share%

YenMillions of yen%

Millions of yen

First Half

114,800

20.1

1,800–

1,800–

1,200 431.6

37.07

Full year

240,000

21.2

5,300–

5,400–

3,800

117.40Millions of yen

Millions of yen–(Reference) Correction from the consolidated forecast, which is published in the most recent: No*Since the year-on-year rate of ordinary profit from the previous fiscal year and the corresponding period of the previous fiscal year isover 1,000%, “-” is indicated.
＊Notes(1) Significant changes of companies during the three months ended March 31, 2022 (changes in specific companies involving
changes in the scope of consolidation): Not applicable
New Company: －Excluded companies: －(2) Adoption of specific accounting treatments to the preparation of consolidated quarterly financial statements: Not applicable(3) Changes in accounting policies, changes in accounting estimates and restatements
1) Changes in accounting policies due to the revision of accounting standards: Applicable
2) Changes in accounting policies other than 1): Not applicable
3) Changes in accounting estimates: Not applicable4) Restatements: Not applicable(4) Shares issued (common stock)
1) Shares issued (includingtreasury stock)

As of March 31, 2022

32,646,143

As of December 31, 2021

32,646,1432) Treasury stock

As of March 31, 2022

277,443

As of December 31, 2021

277,4123) Average shares outstanding
during the period

Three months ended
March 31, 2022

32,368,700

Three months ended
March 31, 2021

32,368,844* These consolidated quarterly financial results are outside the scope of quarterly review.
* Explanation for the appropriate use of performance forecasts and other special notes:
The statements regarding forecast of financial results in this report are based on the information that is available, as well as estimates,
assumptions and projections that are believed to be reasonable at the time of publication, and they are not meant to be a commitmentby the Company. Therefore, there might be cases in which actual results differ from forecast values.

-2-Comparative Balance Sheets (Consolidated)(Millions of yen)
December 31, 2021 March 31, 2022

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Securities
Merchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, netLand
Construction in progress
Other, net
Total property, plant and equipment
Intangible assets
Other
Total intangible assets
Investments and other assets
Investment securities
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Deferred assets
Bond issuance costs
Total deferred assets
Total assets-3-

28,53844,327740
19,603
14,81318,092
3,505(30)
129,59123,134
53,080746
18,34915,95220,0084,491(26)135,737

32,79351,314
15,598
11,733
5,718
117,158

33,55954,33915,69911,127
6,428
121,153

3,159
3,159

3,136
3,136

15,77213,802(62)
29,512
149,830

16,062
14,063(62)
30,063
154,35200279,422－－290,089

Comparative Balance Sheets (Consolidated)(Millions of yen)
December 31, 2021 March 31, 2022

Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Current portion of bonds payable
Current portion of long-term borrowingsIncome taxes payable
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Retirement benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets-4-41,60636,4981,500
13,005636
387
17,131
110,765

41,006
39,681
1,500
12,758811
1,081
17,520114,361

22,765
7,872
6,301
36,939147,705

21,382
7,859
6,896
36,138150,499

18,472
21,87571,587(346)
111,588

18,472
21,88074,124(346)
114,130

5,503
811
4,288
734
11,337
8,790
131,717
279,422

5,593
811
9,334
768
16,508
8,951
139,590
290,089

Comparative Statements of Income (Consolidated)(Millions of yen)Three months ended Three months ended
March 31, 2021
March 31, 2022

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Rental income
Foreign exchange gains
Share of profit of entities accounted for using equity method
Usage income of trademark
Subsidy income
OtherTotal non-operating income
Non-operating expenses
Interest expenses
Depreciation
OtherTotal non-operating expenses
Ordinary profit
Extraordinary income
Gain on disposal of non-current assets
Gain on sale of investment securitiesTotal extraordinary income
Extraordinary losses
Loss on disposal of non-current assets
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent-5-48,23542,932
5,303
4,663
639

57,384
49,683
7,701
4,967
2,733

42
2
42
99
1281
164
216
661

33
2
38
333
1775
28
183
714

228
5
29
263
1,038

220
3
69
293
3,153

10
10－
0

11
11
1,028
231
797(29)
827

57
57
3,096
818
2,278
134
2,143

Comparative Statements of Comprehensive Income (Consolidated)(Millions of yen)Three months ended Three months ended
March 31, 2021
March 31, 2022

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities accounted
for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests-6-7972,2781,029
4,367
111

76
4,890
34

124

156

5,631
6,429

5,157
7,435

6,433

7,313

(3)

121

Comparative Statements of Cash Flows (Consolidated)(Millions of yen)Three months ended Three months ended
March 31, 2021
March 31, 2022

Cash flows from operating activities
Profit before income taxes
Depreciation
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in retirement benefit liability
Interest and dividend income
Interest expenses
Subsidy income
Share of loss (profit) of entities accounted for using equity
methodLoss (gain) on disposal of non-current assets
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Decrease (increase) in other current assets
Increase (decrease) in trade payables
Increase (decrease) in other current liabilities
Other, net
SubtotalInterest and dividends received
Interest paid
Subsidies received
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of investment securities
Proceeds from sale of investment securities
Payments into time deposits
Proceeds from withdrawal of time deposits
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Redemption of bonds
Purchase of treasury shares
Dividends paid
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

-7-

1,028
4,159
(14)
722
106(44)
228
(164)

3,096
4,409
(4)
693
70
(36)
220
(28)

(12)

(17)

9
376
(1,378)
(801)
1,830
(947)
(153)
4,943
43(241)
205
(210)
4,740

57
(7,066)(767)(889)(1,330)242
298(1,051)19(234)41(39)(1,265)(2,982)321(5)13(15)
15(208)(2,861)(4,243)
43(0)
2(15)
15
3(4,194)

909
807(1,844)
(300)
(0)
(0)
(54)(482)
691
2,087
25,40527,493

2,008－(2,157)
－(0)
(313)
(53)
(515)
576
(5,398)27,38821,990Segment Information
Industry Segment Information(Three months ended March 31, 2021)
Die
Builders’Castings
Hardware
Net Sales:
Unaffiliated customers
Intersegment
Total
Operating profit (loss)

Other

41,965

2,196

4,040

33

－

48,235

16－

－

4(20)

－

41,981

2,196

4,040

38(20)

48,235878

115(342)

(10)

0639

(Three months ended March 31, 2022)
Die
Builders’Castings
Hardware
Net Sales:
Unaffiliated customers

PrintingEquipment(Millions of yen)
Eliminations
Consolidated/ Corporate

Printing
Equipment

Other(Millions of yen)
Eliminations
Consolidated/ Corporate

49,490

2,513

5,350

30－

57,384

17－

－

5(22)

－

Total

49,507

2,513

5,350

35

(22)

57,384

Operating profit (loss)

2,237

103

407

(15)

(0)

2,733

Intersegment* All amounts have been rounded down to the nearest million yen.

-8-