Ryobi Consolidated Financial Statements for the Third Quarter of Fiscal 2010

Ryobi Limited and Consolidated Subsidiaries
Consolidated Financial Statements for the Third Quarter of the Fiscal Year Ending
March 31, 2010

1. Consolidated Balance Sheets
December 31, 2009ASSETS
Current assets:
Cash and deposits
Notes and accounts receivable
Marketable securities
Finished products and purchased goods
Work in process
Raw materials and supplies
Other current assets
Allowance for doubtful accounts
Total current assets
Fixed assets:
Property, plant and equipment:
Buildings and structures (net)
Machinery and equipment (net)Land
Construction in progress
Other fixed assets (net)Total property, plant and equipment
Intangible fixed assets:
Other intangible fixed assets
Total intangible fixed assets
Investments and other assets:
Investment in securities
Other
Allowance for doubtful accounts
Total investments and other assets
Total fixed assets
Total assets-1-(Millions of yen)March 31, 2009

14,23529,26910,61812,786
8,259
5,932
2,939
(42)
83,99813,767
26,203
1,516
14,102
8,252
6,864
4,994
(46)
75,655

19,33524,52821,6625,479
4,45075,456

20,14825,282
21,643
6,090
5,513
78,679

1,132
1,132

1,187
1,187

8,090
5,003
(120)
12,97389,562
173,561

6,993
4,798
(115)
11,67591,543
167,198

Ryobi Consolidated Financial Statements for the Third Quarter of Fiscal 2010

December 31, 2009
LIABILITIESCurrent liabilities:
Notes and accounts payable
Short-term borrowings
Current portion of long-term debt
Income taxes payable
Accrued bonuses
Other current liabilities
Total current liabilities
Long-term liabilities:
Long-term debt
Accrued severance indemnitiesOther long-term liabilities
Total long-term liabilities
Total liabilities:
NET ASSETS
Shareholders’ equity:
Common stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity
Valuation and translation adjustments:
Unrealized gain on available-for-salesecurities
Deferred loss on derivatives under hedge
accounting
Land revaluation reserve
Foreign currency translation adjustments
Total valuation and translation adjustments
Minority interests
Total net assets
Total liabilities and net assets-2-(Millions of yen)March 31, 2009

25,49834,0726,401229294
7,888
74,385

20,16632,912
6,559
170
875
8,417
69,101

22,048
6,729
3,909
32,688107,073

19,0846,617
4,388
30,09099,192

18,472
23,75034,019(2,354)73,887

18,472
23,75036,608(2,354)76,476

1,819

1,088

(36)
626
(10,667)(8,258)859
66,488173,561(35)
626(10,982)(9,303)833
68,006167,198

Ryobi Consolidated Financial Statements for the Third Quarter of Fiscal 2010

2. Consolidated Statements of Operations

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income (loss)
Non-operating income
Interest income
Dividends income
Rent income
Exchange gain
Gain on sale of scrap
Miscellaneous income
Total non-operating income
Non-operating expenses
Interest expenses
Cash discounts
Exchange losses
Depreciation
Miscellaneous expenses
Total non-operating expenses
Ordinary income (loss)
Extraordinary income
Gain on sale of fixed assets
Gain on sale of golf course membership
Total extraordinary income
Extraordinary losses
Loss on sale or disposal of fixed assets
Loss on devaluation of investment insecurities
Cumulative effect of lease accounting
standards application
Total extraordinary losses
Income (loss) before income taxes and minority
interests
Income taxes
Gain on minority interests
Net income (loss) for the period-3-

Nine Months Ended
December 31, 2008
146,565
125,81320,751
17,9692,782(Millions of yen)
Nine Months Ended
December 31, 2009
89,35077,862
11,48813,985(2,497)

40
170
451
—
119
501
1,283

86
92
368
147
77
266
1,039

831
125
178
338
155
1,630
2,435

997
118
—
247
113
1,476
(2,934)

40
1
41

12
—
12

150

89

326

114

106583—203

1,894
1,154
7732

(3,125)(539)
2(2,588)

Ryobi Consolidated Financial Statements for the Third Quarter of Fiscal 2010

3. Consolidated Statements of Cash Flows

Nine Months Ended
December 31, 2008
Cash flows from operating activities:
Income (loss) before income taxes and minority
interests
Depreciation and amortization
Increase in allowance for doubtful accounts
Decrease in reserve for bonuses
Increase in accrued severance indemnities
Interest and dividends income
Interest expenses
Loss on devaluation of investment in securities
Loss on sale or disposal of fixed assets
Decrease (increase) in notes and accounts
receivable
Decrease in inventories
Decrease (increase) in other current assets
Increase (decrease) in notes and accounts payable
Other increases in current liabilities
OtherSubtotal
Interest and dividends received
Interest paid
Income taxes (paid) refund
Net cash provided by operating activities
Cash flows from investing activities:
Payment for purchases of property, plant andequipment
Proceeds from sale of property, plant andequipment
Payment for purchases of marketable securities
Proceeds from sale of marketable securities
Payment for purchase of investment in securities
Payment for time deposits
Proceeds from repayment of time deposits
Other
Net cash used in investing activities
Cash flows from financing activities:
Increase in short-term borrowings, net
Proceeds from long-term debt
Repayment of long-term debt
Acquisition of treasury stock
Proceeds from sale of treasury stock
Cash dividends paid
Cash dividends paid to minority shareholders
Other
Net cash provided by financing activities
Foreign currency translation adjustments on cash
and cash equivalents
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of the period-4-(Millions of yen)
Nine Months Ended
December 31, 2009

1,894
11,25357(1,488)159(210)
831
326
110

(3,125)8,879
1(581)
112
(179)
997
114
76

6,493
32
254
(1,471)
1,802(86)
19,960213(805)(4,511)
14,857(3,086)
2,245
(183)
5,298
1,099
(82)
11,586182(1,022)
1,880
12,626(13,992)(6,813)77(690)690(88)(1,608)832(171)(14,951)

10(40)
40(17)(1,398)2,422(257)(6,053)

8,858
5,896
(4,426)(661)
0(2,001)
(0)
(334)
7,330

1,388
8,274
(5,428)(0)———(294)
3,939

(162)
7,072
10,13817,21180
10,59312,084
22,677

Ryobi Consolidated Financial Statements for the Third Quarter of Fiscal 2010

4. Segment Information(1) Industry Segment Information
For the Nine Months Ended December 31, 2008
(Millions of yen)

Net Sales:(1) UnaffiliatedCustomers(2) Intersegment
Total
Operating IncomeDie
Castings

Printing
Equipment

Power Tools
and Builders’Hardware103,677

23,612

19,274

146,565

118

—

0119

(119)

—

103,796

23,612

19,275

146,684(119)

146,565

1,434

711

642

2,787

(5)

2,782

Total

Eliminations/ Corporate—

Consolidated

146,565

For the Nine Months Ended December 31, 2009
(Millions of yen)

Net Sales:(1) UnaffiliatedCustomers(2) Intersegment
Total

Die
Castings

Printing
Equipment

Power Tools
and Builders’Hardware

59,885

12,89016,57489,35091—

159,976

12,89016,576

Total

Eliminations/ Corporate

Consolidated—

89,350

92

(92)

—

89,443(92)

89,350Operating Income(2,455)(1,157)
1,115(2,496)(0)(2,497)(Loss)
Notes:
1. Industry segments are classified on the basis of organization.
2. Main products of each industry segment:
Die Castings: die cast product and aluminum cast
Printing Equipment: offset printing presses, peripherals, etc.
Power Tools and Builders’ Hardware: power tools, lawn and garden equipment, doorclosers, hinges and architectural hardware-5-

Ryobi Consolidated Financial Statements for the Third Quarter of Fiscal 2010

(2) Geographical Segment Information
For the Nine Months Ended December 31, 2008
(Millions of yen)

Net Sales:(1) UnaffiliatedCustomers(2) Intersegment
Total
Operating Income(Loss)

Eliminations/ Corporate

JapanThe
Americas

Other

Total

122,909

17,437

6,217

146,565

—

2,077

—

5,378

7,456

(7,456)—

124,987

17,437

11,596

154,021(7,456)

146,565

3,053

40

(233)

2,859

(77)

2,782

Consolidated

146,565

For the Nine Months Ended December 31, 2009
(Millions of yen)
Eliminations/ Corporate

JapanThe
Americas

Other

Total

76,60010,033

2,716

89,350—89,350

950

—

4,410

5,360

(5,360)—Total

77,55010,033

7,126

94,711(5,360)89,350Operating Loss

(2,134)

(148)

(180)

(2,463)(33)(2,497)

Net Sales:(1) UnaffiliatedCustomers(2) Intersegment

Consolidated

Notes:
1. Country and regional segments are classified on the basis of geographic proximity.
2. Principal countries and regions:(1) The Americas: United States, Mexico(2) Other: United Kingdom, China-6-

Ryobi Consolidated Financial Statements for the Third Quarter of Fiscal 2010

(3) Overseas Sales

For the Nine Months Ended December 31, 2008
(Millions of yen)
The Americas
Overseas SalesEurope

22,569Other13,725

Total

6,608

146,565

Consolidated Net Sales
Ratio of Overseas Sales toConsolidated Net Sales (%)

42,903

15.4

9.4

4.5

29.3

For the Nine Months Ended December 31, 2009
(Millions of yen)
The Americas
Overseas Sales

Europe12,428

Other

3,383

Total

5,803

89,350Consolidated Net Sales
Ratio of Overseas Sales toConsolidated Net Sales (%)

21,615

13.9

3.8

6.5

24.2

Notes:
1. Country and regional segments are classified on the basis of geographic proximity.
2. Principal countries and regions:(1) The Americas: United States, Mexico, other(2) Europe: United Kingdom, Germany, other(3) Other: China, Australia, other
3. Overseas sales represent total sales outside Japan of the parent company and its
consolidated subsidiaries (excluding intra-group sales).

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