Ryobi Consolidated Financial Statements for the Fiscal Year Ended March 31, 2018

Ryobi Limited and Consolidated Subsidiaries
Consolidated Financial Statements for the Fiscal Year Ended March 31, 2018
These consolidated financial statements are based on the Japanese financial statements submitted to the Tokyo
Stock Exchange.

1. Consolidated Balance Sheets(Millions of yen)March 31, 2017
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Securities
Merchandise and finished goods
Work in process
Raw materials and supplies
Deferred tax assets
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
LandConstruction in progress
Other, net
Total property, plant and equipment
Intangible assets
Other
Total intangible assets
Investments and other assets
Investment securities
Net defined benefit asset
Deferred tax assets
OtherAllowance for doubtful accounts
Total investments and other assets
Total non-current assets
Deferred assets
Bond issuance cost
Total deferred assets
Total assets-1-March 31, 2018

17,40257,5301,075
17,11014,34013,973
1,316
3,977
(61)
126,665

23,172
63,246690
16,713
13,21813,886
1,154
3,558
(53)
135,587

30,731
46,597
21,922
8,622
3,559
111,432

30,93347,665
16,915
8,625
3,684
107,823

3,009
3,009

3,052
3,052

15,063
995
5,181
503
(67)
21,676
136,118

20,262
2,721
3,660
393
(65)
26,971
137,847

86
86
262,86972
72
273,507

Ryobi Consolidated Financial Statements for the Fiscal Year Ended March 31, 2018

(Millions of yen)March 31, 2017
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term loans payable
Current portion of long-term loans payable
Income taxes payable
Provision for bonuses
Provision for directors' bonuses
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term loans payable
Deferred tax liabilities
Deferred tax liabilities for land revaluation
Net defined benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive incomeValuation difference on available-for-salesecurities
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive
incomeNon-controlling interests
Total net assets
Total liabilities and net assets-2-

March 31, 2018

38,51934,293
15,949862
2,012
60
17,821
109,518

45,891
30,956
7,386
1,077
1,926
57
16,530103,826

6,900
17,018
1,784
507
8,810
2,901
37,922
147,440

8,400
23,588
2,671
507
8,023
2,693
45,884
149,710

18,472
23,77662,283(2,336)
102,196

18,472
21,786
68,509(345)
108,421

6,551
737
518
(1,793)

6,988
737
1,370
(1,468)

6,014
7,218
115,428
262,869

7,628
7,746
123,796
273,507

Ryobi Consolidated Financial Statements for the Fiscal Year Ended March 31, 2018

2. Consolidated Statements of Income and Consolidated Statements of Comprehensive Income(1) Consolidated Statements of Income(Millions of yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Rent income
Dividend income of insurance
Other
Total non-operating income
Non-operating expenses
Interest expenses
Sales discounts
Loss on abandonment of inventories
Foreign exchange losses
Depreciation
Share of loss of entities accounted for using equity
methodOther
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on disposal of non-current assets
Gain on sales of investment securities
Total extraordinary income
Extraordinary losses
Loss on disposal of non-current assets
Impairment loss
Loss on valuation of investment securities
Loss on sales of investment securities
Loss on transfer of businessTotal extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent-3-

Fiscal Year Ended
March 31, 2017

Fiscal Year Ended
March 31, 2018

241,251
202,845
38,40625,782
12,624

247,192
208,834
38,35825,145
13,212

51
349
452
136
569
1,559

81
374
420
107
688
1,671

1,348
174
114
304
118

1,158
132
109
114
72－
108
2,170
12,013

77
189
1,853
13,030

533
201
734

276
39
316

254
1,297
45－－
1,597
11,150
2,026
13
2,040
9,109
761
8,348

262
－
20
1306
590
12,757
2,490
1,810
4,300
8,456
611
7,844

Ryobi Consolidated Financial Statements for the Fiscal Year Ended March 31, 2018

(2) Consolidated Statements of Comprehensive Income(Millions of yen)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities
accounted for using equity methodTotal other comprehensive income
Comprehensive income
Comprehensive income attributable to：
Owners of parent
Non-controlling interests-4-

Fiscal Year Ended
March 31, 2017

Fiscal Year Ended
March 31, 2018

9,109

8,456

1,922
10(4,190)
91

372
－
852
327

－
(2,165)
6,944

(0)
1,550
10,007

6,163
780

9,458
548

Ryobi Consolidated Financial Statements for the Fiscal Year Ended March 31, 2018

3. Consolidated Statements of Cash Flows(Millions of yen)

Cash flows from operating activities
Profit before income taxes
Depreciation
Impairment loss
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in net defined benefit liability
Interest and dividend income
Interest expenses
Share of loss (profit) of entities accounted for using
equity method
Loss (gain) on disposal of non-current assets
Loss (gain) on sales of investment securities
Loss (gain) on valuation of investment securities
Loss (gain) on transfer of business
Decrease (increase) in notes and accounts receivable - trade

Decrease (increase) in inventories
Decrease (increase) in other current assets
Increase (decrease) in notes and accounts payable - trade
Increase (decrease) in other current liabilities
Other, net
SubtotalInterest and dividend income received
Interest expenses paid
Income taxes (paid) refund
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of securities
Proceeds from sales of securities
Purchase of investment securities
Proceeds from sales of investment securities
Proceeds from transfer of business
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 loans payable
Proceeds from long-term loans payable
Repayments of long-term loans payable
Proceeds from issuance of bonds
Purchase of treasury shares
Cash 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-5-

Fiscal Year Ended
March 31, 2017

Fiscal Year Ended
March 31, 2018

11,15015,0201,297(24)
13
329
(401)
1,348

12,757
16,010
－
(4)
(40)
237
(455)
1,158

－
(278)
(201)
45
－
(3,920)(2,772)
462
357
1,245
(785)
22,886401(1,378)(3,356)
18,55277(14)(38)20
306(8,234)(1,713)
133
7,539
188
(1,599)26,328455(1,164)(2,060)23,558(16,003)1,186(1,990)
1,990
(64)
284
－
(4,001)
3,999(544)(15,142)(18,356)
943(1,340)
1,340
(67)
60
6,727
(2,656)
2,774(854)(11,427)135
609(9,996)4,237(0)(1,618)(28)(6,660)(4,219)13,768(15,884)
1,490(1)(1,618)(32)(6,496)(428)(3,679)19,85016,170127
5,760
16,17021,931

Ryobi Consolidated Financial Statements for the Fiscal Year Ended March 31, 2018

4. Segment Information(1) Industry Segment Information
For the Fiscal Year Ended March 31, 2017
(Millions of yen)
DieCastings

Power Tools
and Builders’HardwarePrinting
Equipment

186,377

26,17428,45998

11186,476

Eliminations/ Corporate

Consolidated

239—

241,251—

46(157)—

26,18628,459286(157)

241,251

9,761

1,481

1,360

20

0

12,624

Total Assets

186,479

25,96325,1501,475

23,800262,869

Depreciation

13,976

666

356

20

—

15,020Capital Expenditure

16,163

554

112

25

—

16,856Other

Net Sales:
Unaffiliated customers
Intersegment
Total
Operating income

For the Fiscal Year Ended March 31, 2018
(Millions of yen)
DieCastings

Power Tools
and Builders’HardwarePrinting
Equipment

196,377

23,11327,473

116

5

Total

196,494

Operating income

Eliminations/ Corporate

Consolidated

227—

247,192—

47(170)—23,11927,473

275(170)

247,192

10,561

1,466

1,177

7(0)

13,212

Total Assets

206,281

10,40324,5381,358

30,925273,507

Depreciation

15,020

626

344

18

—

16,010Capital Expenditure

18,282

438

101

19

—

18,841Other

Net Sales:
Unaffiliated customers
Intersegment-6-Ryobi Consolidated Financial Statements for the Fiscal Year Ended March 31, 2018(2) Information by Region
For the Fiscal Year Ended March 31, 2017
a. Net sales(Millions of yen)Japan

U.S.A.

125,131

China

35,562Other38,191

Total

42,366241,251

Note: Net sales are classified by country and region based on customer location.
b. Property, plant and equipment(Millions of yen)Japan

45,481

U.S.A.

Mexico9,944

10,384China

OtherTotal

34,78910,832

111,432

For the Fiscal Year Ended March 31, 2018
a. Net sales(Millions of yen)Japan

U.S.A.

127,131

China

35,847

Other

43,713

Total

40,500247,192

Note: Net sales are classified by country and region based on customer location.
b. Property, plant and equipment(Millions of yen)Japan

41,289U.S.A.

11,593Mexico12,181

-7-

China

Other

Total

30,868

11,891

107,823