Ryobi Consolidated Financial Statements for the First Nine Months of Fiscal 2013

Ryobi Limited and Consolidated Subsidiaries
Consolidated Financial Statements for the First Nine Months of the Fiscal Year Ending
March 31, 2013
These consolidated financial statements are based on the Japanese financial statements submitted to the Tokyo
Stock Exchange.

1. Consolidated Balance Sheets
March 31, 2012ASSETS
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 accountsTotal 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)
December 31, 2012

18,69439,404
5,894
13,852
10,057
6,813
4,354
(42)
99,02916,73438,907
7,296
14,409
9,886
7,338
5,938
(23)
100,487

17,951
21,62921,697
11,2873,104
75,66922,521
28,564
22,243
11,1173,203
87,650

1,642
1,642

1,557
1,557

8,147
3,258
(53)
11,353
88,665
187,694

8,593
2,964
(65)
11,492
100,701
201,188

Ryobi Consolidated Financial Statements for the First Nine Months of Fiscal 2013

March 31, 2012
LIABILITIESCurrent liabilities:
Notes and accounts payable
Short-term borrowings
Current portion of long-term debt
Income taxes payable
Accrued bonusesAccrued bonuses to directors
Other current liabilities
Total current liabilities
Long-term liabilities:
Long-term debt
Accrued severance indemnities
Other long-term liabilities
Total long-term liabilities
Total liabilities:
NET ASSETS
Shareholders’ equity:
Common stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity
Accumulated other comprehensive loss:
Unrealized gain on available-for-salesecurities
Deferred loss on derivatives under hedge
accounting
Land revaluation reserve
Foreign currency translation adjustments
Total accumulated other comprehensive loss
Minority interests
Total net assets
Total liabilities and net assets-2-(Millions of yen)
December 31, 2012

32,42728,541
6,806
909
1,605
32
11,67081,994

31,37329,496
7,804
281
430
—
13,13582,521

22,1586,105
3,086
31,349113,344

35,296
5,874
2,937
44,107
126,628

18,472
23,75042,810(2,360)82,672

18,472
23,75742,529(2,333)82,425

1,969

2,235

(36)
655
(11,985)(9,396)
1,075
74,350187,694(47)
655(11,954)(9,111)
1,246
74,559201,188Ryobi Consolidated Financial Statements for the First Nine Months of Fiscal 2013

2. Consolidated Statements of Income and Consolidated Statements of Comprehensive Income(1) Consolidated Statements of Income(Millions of yen)
Nine Months Ended
Nine Months Ended
December 31, 2011
December 31, 2012
Net sales
123,256
124,263
Cost of sales
101,402
105,451
Gross profit
21,854
18,811
Selling, general and administrative expenses
15,962
16,267
Operating income
5,892
2,544
Non-operating income
Interest income
1623
Dividends income
143
146
Rent income
308
299
Gain on sale of scrap
123126Miscellaneous income
303
528
Total non-operating income
895
1,124
Non-operating expenses
Interest expenses
755
982
Cash discounts
148
155
Exchange losses
245
14
Depreciation
86
60
Miscellaneous expenses
138
126
Total non-operating expenses
1,375
1,339
Ordinary income
5,412
2,329
Extraordinary income
Gain on sale of fixed assets
292
Gain on negative goodwill
16
Total extraordinary income
30
9Extraordinary losses
Loss on disposal of fixed assets
76
234
Loss on devaluation of investment insecurities
178
43
Special retirement expenses
191—Total extraordinary losses
446
277
Income before income taxes and minority interests
4,997
2,061
Income taxes
1,977
724
Income before gain on minority interests
3,019
1,336
Gain on minority interests1162
Net income
3,018
1,174-3-Ryobi Consolidated Financial Statements for the First Nine Months of Fiscal 2013

(2) Consolidated Statements of Comprehensive Income

Income before gain on minority interests
Other comprehensive income
Unrealized gain on available-for-salesecurities
Deferred loss on derivatives under hedge
accounting
Land revaluation reserve
Foreign currency translation adjustments
Share of other comprehensive loss of
associates accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to:
Owners of the parent
Minority interests-4-

Nine Months Ended
December 31, 2011
3,019

(Millions of yen)
Nine Months Ended
December 31, 2012
1,336(458)304

643(627)

(11)
—
31(2)
(1,038)
1,980

(0)
324
1,660

1,981
(1)

1,459
201

Ryobi Consolidated Financial Statements for the First Nine Months of Fiscal 2013

3. Consolidated Statements of Cash Flows

Cash flows from operating activities:
Income before income taxes and minority
interests
Depreciation and amortization
Decrease in allowance for doubtful accounts
Decrease in reserve for bonuses
Decrease 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
Increase in inventories
Increase in other current assets
Increase (decrease) in notes and accounts payable
Other increases (decreases) in current liabilities
OtherSubtotal
Interest and dividends received
Interest paid
Income taxes paid
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
OtherNet 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
Cash dividends paid
OtherNet cash provided by financing activities
Foreign currency translation adjustments on cash
and cash equivalents
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of the period-5-

Nine Months Ended
December 31, 2011

(Millions of yen)
Nine Months Ended
December 31, 2012

4,997
7,814
(4)
(937)
(556)
(160)
755
178
47

2,061
7,678
(7)
(1,175)
(231)
(169)
982
43
231

(3,108)(2,210)
(688)
4,942
1,458
(122)
12,405159(751)(3,372)
8,441

522
(879)
(897)
(1,100)
(55)
4
7,006
170
(941)
(2,020)4,215(15,594)(17,748)

69(690)690(17)(1,373)
1,403(176)(15,688)

220
(690)
690
(19)
(1,513)
1,408(345)(17,996)730
13,792(6,757)
(0)
(970)
(205)
6,588

927
19,727(5,902)(0)(1,449)(172)
13,130(116)(774)
21,48520,711(11)(662)
22,513
21,851

Ryobi Consolidated Financial Statements for the First Nine Months of Fiscal 2013

4. Segment Information
Industry Segment Information
For the Nine Months Ended December 31, 2011
(Millions of yen)
Die
Castings

Printing
Equipment

Power Tools
and Builders’Hardware91,011

13,097

19,148123,256

Intersegment91—294(94)—

Total

91,10313,097

19,150123,351(94)

123,256

4,422

(673)

2,143

5,891

0

5,892

Total

Eliminations/ Corporate

Consolidated

Net Sales:
Unaffiliated Customers

Operating Income(Loss)—

123,256

For the Nine Months Ended December 31, 2012
(Millions of yen)
Die
Castings

Printing
Equipment

Power Tools
and Builders’Hardware

93,92811,447

18,886124,263Intersegment

99—

0100(100)

—

Total

94,028

11,447

18,887

124,363(100)

124,263

1,666(822)

1,701

2,544

(0)

2,544

Total

Eliminations/ Corporate

Consolidated

Net Sales:
Unaffiliated Customers

Operating Income(Loss)-6-—

124,263