Consolidated Financial Results
for the Fiscal Year Ended December 31, 2022
(Japanese GAAP)
February 13, 2023
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 of Ordinary General Meeting of Shareholders : March 29, 2023
Scheduled date to submit the Annual Securities Report : March 29, 2023
Date of scheduled payment of dividend : March 30, 2023
Availability of supplementary briefing material on yearly results : Yes
Presentation Meeting : Yes (for securities analysts / institutional investors)(Any amount less than one million is disregarded.)
1. Consolidated Financial Results for the Fiscal Year Ended December 31, 2022
(From January 1, 2022 to December 31, 2022)(1) Consolidated Results of Operations(% indicates changes from the previous fiscal year.)Net sales
Millions of yen

Operating income% Millions of yen

Ordinary income% Millions of yen

Net income attributableto owners of parent
Millionsof yen%%FY December 2022

249,521

26.0

6,969

－

7,791

－

4,784

－

FY December 2021

198,073

15.9(1,524)－4－(4,397)－(Note) Comprehensive income: FY December 31, 2022: 12,215 million yen [99.2%](Note) Comprehensive income: FY December 31, 2021: 6,131 million yen [－%]Net income per
Fully diluted net
Ordinary income Operating income
Return on equity
share
income per shareto total assets ratio to net sales ratio
Yen
Yen
%
%
%
FY December 2022

147.80

－

3.7

2.7

2.8

FY December 2021

(135.87)

－

(3.7)

0.0

(0.8)

(Reference) Equity in earnings of affiliated companies FY December 31, 2022 : (225) million yen(Reference) Equity in earnings of affiliated companies FY December 31, 2021 : 59 million yen* As year-on-year percentage changes of ordinary income for FY December 2022 would be more than 1,000%, it is indicated as“-”.
(2) Consolidated Financial Position
Total assets

Net assets

Shareholders'equity ratio

Millions of yen

Millions of yen%

Shareholders'equity per share
Yen

As of December 31, 2022

300,285

143,72344.8

4,154.04

As of December 31, 2021

279,422

131,71744.0

3,797.69(Reference) Shareholders' Equity: As of December 31, 2022 : 134,460 million yen(Reference) Shareholders' Equity: As of December 31, 2021 : 122,926 million yen

(3) Consolidated Cash Flows
Cash and cash
equivalents
at end of period

Net cash provided by Net cash provided by Net cash provided by(used in) financing(used in) operating(used in) investing
activities
activities
activities
Millions of yen

Millions of yen

Millions of yen

Millions of yen

FY December 2022

16,787(15,860)(2,856)26,099FY December 2021

14,900(12,162)(1,936)27,3882.

Dividends
Cash dividends per share

Total dividends Payout ratiopaid(annual) (consolidated)

End of 1Q End of 2Q End of 3Q Year-end Annual
Yen
Yen
Yen
Yen
Yen Millions of yen
FY December 2021

－

10.00

－

10.00

20.00

647

FY December 2022

－

20.00

－

25.00

45.00

1,456

FY December 2023
(Forecast)

－

25.00

－

25.00

50.00

%

Dividends to net
assets ratio(consolidated)
%

－

0.5
30.4

1.1

29.4

3. Forecast of Consolidated Financial Results for the Fiscal Year Ending December 31, 2023
(From January 1, 2023 to December 31, 2023)(% indicates percentage changes as compared with the previous corresponding fiscal period or fiscal year, as applicable.)
Net income attributable Net income
Net sales
Operating income
Ordinary income
to owners of parent
per share
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
First half

129,000

13.6

2,500

22.1

2,400

(22.4)

1,700

(5.9)

52.52

Full year

266,000

6.6

7,500

7.6

7,400

(5.0)

5,500

15.0

169.92*Notes(1) Significant changes of companies during the fiscal year ended December 31, 2022 (changes in specific companies involving

changes in the scope of consolidation): Not applicable
New Company: －Excluded companies: －(2) 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* For details, please see “3. Consolidated Financial Statements and Important Notes (5) Notes Regarding the Consolidated
Financial Statements (Changes in Accounting policies)” on page 13 of the accompanying materials.
(3) Shares issued (common stock)

1) Shares issued(including treasury stock)

As of December 31, 2022

32,646,143

As of December 31, 2021

32,646,143

2) Treasury stock

As of December 31, 2022

277,580

As of December 31, 2021

277,4123) Average shares outstanding
during the period

FY December 31, 2022

32,368,647

FY December 31, 2021

32,368,784

(Reference) Summary of the Non-consolidated Financial Results
Overview of the Non-consolidated Financial Results for the Fiscal Year Ended December 31, 2022
(From January 1, 2022 to December 31, 2022)(1) Non-consolidated Results of Operations
Net sales
Millions of yen

Operating income% Millions of yen

Ordinary income% Millions of yen

Net income% Millions of yen

FY December 2022

97,947

5.9

1,643

－

6,864

223.7

5,125

FY December 2021

92,50820.4(1,868)

－

2,120

149.1

(3,372)

Yen

Fully diluted net
income per shareYen

FY December 2022

158.35－FY December 2021

(104.18)－

Net income per share%－－(2) Non-consolidated Financial Position

Millions of yen

Shareholders' equity
ratio%

Shareholders' equity
per shareYen

174,991

76,33143.6

2,358.19

167,028

71,42942.8

2,206.73

Total assets

Net assets

Millions of yen
As of December 31, 2022
As of December 31, 2021

(Reference) Shareholders' Equity As of December 31, 2022: 76,331 million yen(Reference) Shareholders' Equity As of December 31, 2021: 71,429 million yen* These consolidated financial results are outside the scope of audit.
* Explanation for the appropriate use of performance forecasts and other special notes:(Cautionary note on forward-looking statement)
The forecasts presented herein are based on information currently available and certain assumptions deemed reasonable by theCompany, and actual results may differ significantly from these forecasts due to various factors. For notes on the use of the results
forecasts and assumptions as the basis for the results forecasts, please see “1. Overview of Operating Results 3) Outlook for the
fiscal year ending December 31,2023” on page 3 of the accompanying materials.

Index of Attached Documents
1. Overview of Operating Results............................................................................................................................................- 2 (1) Overview of Operating Results for the Fiscal Year under Review ...................................................................................- 2 (2) Overview of Financial Position for the Fiscal Year under Review ...................................................................................- 4 (3) Basic Profit Allocation Policy, and Dividends for the Current and New Fiscal Year ......................................................- 5 2. Basic Policy for the Selection of Accounting Standards .....................................................................................................- 5 3. Consolidated Financial Statements and Important Notes ....................................................................................................- 6 (1) Consolidated Balance Sheets ............................................................................................................................................- 6 (2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income .......................................- 8 (Consolidated Statements of Income) ...............................................................................................................................- 8 (Consolidated Statements of Comprehensive Income) .....................................................................................................- 9 (3) Consolidated Statements of Changes in Equity ..............................................................................................................- 10 (4) Consolidated Statements of Cash Flows .........................................................................................................................- 12 (5) Notes Regarding the Consolidated Financial Statements ................................................................................................- 13 (Note related to going-concern assumption) ...................................................................................................................- 13 (Changes in accounting policies) ....................................................................................................................................- 13 (Segment information) ....................................................................................................................................................- 14 (Per share information)....................................................................................................................................................- 16 (Important subsequent events) ........................................................................................................................................- 16 4. Non-consolidated Financial Statements and Important Note ............................................................................................- 17 (1) Balance Sheets.................................................................................................................................................................- 17 (2) Statements of Income ......................................................................................................................................................- 19 (3) Statements of Changes in Equity.....................................................................................................................................- 20 5. Others .................................................................................................................................................................................- 22 Changes in Officers ..............................................................................................................................................................- 22 (Appendix) Supplementary materials for financial results for the fiscal year ended December 31, 2022

-1-

1. Overview of Operating Results(1) Overview of Operating Results for the Fiscal Year under Review
1)

Operating Results for the Consolidated Fiscal Year under Review
The environment surrounding the Group in the consolidated fiscal year under review trended toward gradual recovery.
This was despite global supply chain disruptions stemming from semiconductor shortages and China’s lockdown,
the protracted conflict in Ukraine, soaring energy and materials costs, and rapid foreign exchange movements,
among other factors, as well as the lingering effects of COVID-19.
Under these circumstances, the Group pursued energetic sales activities and implemented initiatives to cut costs,
improve productivity, strengthen operational efficiency, and make progress toward other goals.
As a result, sales and profit for the current consolidated fiscal year increased compared to the previous fiscal year, as
indicated below.
Consolidated business result
Results for the Fiscal Year
Ended December 31, 2021
Millions of yen%

Results for the Fiscal Year
Ended December 31, 2022
Millions of yen%

249,521

Increase / decrease
Millions of yen%

51,44726.0

Net sales

198,073

Operating income(loss)(1,524)

(0.8)

6,969

2.8

8,493

－

Ordinary income

4

0.0

7,791

3.1

7,787

－

Net income (loss)
attributable toowners of parent(4,397)

(2.2)

4,784

1.9

9,182

－

% indicates the profit margin on sales.
% in the increase/decrease column indicates the increase/decrease rate.
2)

Performance by Segment
The Die Castings business posted higher sales and profit than in the previous consolidated fiscal year. While domestic
sales volume (weight) declined due to the impact of semiconductor shortages and other factors on automobile
production, overseas sales volumes expanded as economic activity returned to normal, resulting in modest overall
gains. More upward revisions of sales prices to offset rising raw material (aluminum) prices and higher yen-based
sales of overseas subsidiaries due to the weak yen, among other factors, led to higher sales. Due primarily to higher
sales, earnings also grew, despite soaring energy prices and other factors.
The Builders’ Hardware business posted higher sales and lower profit compared to the previous consolidated fiscal
year. While both domestic and overseas sales increased, especially due to robust demand in the construction market
in Japan, profit declined despite efforts to reduce costs and expenses due to the impact of higher procurement costs
attributable to the appreciation of the Chinese yuan.
The Printing Equipment business posted higher sales and profits than in the previous consolidated fiscal year. Sales
grew both domestically and overseas. Subsidies from the government and other entities, which stimulated capital
investment, drove growth in domestic sales. Demand recovery continued to drive recovery in overseas sales,
except certain regions. Despite higher raw material costs, sales growth and other factors led to higher earnings.
Sales by segment
Results for the Fiscal Year
Ended December 31, 2021

Results for the Fiscal Year
Ended December 31, 2022

Millions of yen%

Millions of yen%

Millions of yen%

169,89885.8

215,72686.5

45,82727.0

Builders’ Hardware

9,574

4.8

10,145

4.1

570

6.0

Printing Equipment

18,393

9.3

23,417

9.4

5,023

27.3

Die Castings

Increase / decrease% indicates the percentage of each segment sales to net sales.
% in the increase/decrease column indicates the increase/decrease rate.

-2-

Operating income by segment
Results for the Fiscal Year
Ended December 31, 2021

Results for the Fiscal Year
Ended December 31, 2022

Millions of yen%

Millions of yen%

Millions of yen(1,449)

(0.9)

5,232

2.4

6,682

－

Builders’ Hardware

362

3.8

226

2.2

(135)

(37.4)

Printing Equipment

(417)

(2.3)

1,506

6.4

1,923

－

Die Castings

Increase / decrease%% indicates the profit margin on sales.
% in the increase/decrease column indicates the increase/decrease rate.
3)

Outlook for the fiscal year ending December 31, 2023
We expect the Japanese economy to maintain a course of gradual recovery under the ‘living-with-Covid’ situation;
however, supply chain disruptions due to semiconductor shortages and other factors, as well as soaring energy andmaterials costs.
Under these circumstances, as shown below, we currently expect higher sales and profits for the consolidated full-year
results for the fiscal year ending December 2023 compared to the current consolidated fiscal year.
The assumed foreign exchange rates are 125 yen to the US dollar, 155 yen to the British pound, 18.5 yen to the Chinese
yuan, and 3.6 yen to the Thai baht.
Consolidated business forecast

Net sales

Results for the Fiscal Year
Ended December 31,2022

Forecasts for the Fiscal YearEnding December 31, 2023

Millions of yen

Millions of yen%

249,521%266,000

Increase / decrease
Millions of yen%

16,478

6.6

Operating income

6,969

2.8

7,500

2.8

530

7.6

Ordinary income

7,791

3.1

7,400

2.8

(391)

(5.0)

Net income
attributable toowners of parent

4,784

1.9

5,500

2.1

715

15.0

% indicates the profit margin on sales.
% in the increase/decrease column indicates the increase/decrease rate.
The outlook for the full-year consolidated performance by segment for the next fiscal year is as follows:
We expect sales of the Die Castings business to increase both domestically and overseas. We anticipate gradualimprovements in semiconductor shortages and their effects on automobile production; and profits growth driven byhigher sales.
Sales of the Builders’ Hardware business are expected to increase both domestically and overseas. We expect this sales
growth to generate higher profits.
Sales of the Printing Equipment business are expected to remain largely flat both domestically and overseas. We expect
profits to decline due to the effects of soaring raw material prices, among other factors.
Sales by segment
Results for the Fiscal Year
Ended December 31,2022

Forecasts for the Fiscal YearEnding December 31, 2023

Millions of yen%

Millions of yen%

Millions of yen%

Die Castings

215,726

86.5

231,700

87.1

15,973

7.4

Builders’ Hardware

10,145

4.1

11,000

4.1

854

8.4

Printing Equipment

23,417

9.4

Increase / decrease

23,300
8.8
(117)
(0.5)
% indicates the percentage of each segment sales to net sales.
% in the increase/decrease column indicates the increase/decrease rate.

-3-

Operating income by segment
Results for the Fiscal Year
Ended December 31,2022

Forecasts for the Fiscal YearEnding December 31, 2023

Millions of yen%

Millions of yen%

Millions of yen

%

5,232

2.4

6,500

2.8

1,267

24.2

Builders’ Hardware

226

2.2

300

2.7

73

32.3

Printing Equipment

1,506

6.4

700

3.0

(806)

(53.5)Die Castings

Increase / decrease% indicates the profit margin on sales.
% in the increase/decrease column indicates the increase/decrease rate.
(2) Overview of Financial Position for the Fiscal Year under Review
1)

Asset, liabilities and net assets
Total assets at the end of the fiscal year under review increased by 20,862 million yen from the end of the previous
consolidated fiscal year to 300,285 million yen. This increase was due mainly to increases in notes and accounts
receivable-trade of 14,009 million yen and property, plant and equipment of 6.8 billion yen. Certain assets declined,
including a decline in cash and deposits of 1,216 million yen.
Liabilities grew by 8,855 million yen from the end of the previous consolidated fiscal year to 156,561 million yen, due
mainly to increases in notes and accounts payable-trade of 4,939 million yen and long- and short-term borrowings of
2,088 million yen. Certain liabilities shrank, including bonds payable, which declined by 1.5 billion yen. Interest-bearing
debt outstanding, excluding discounted notes receivable and lease obligations, was 74,358 million yen.
Net assets increased by 12,006 million yen from the end of the previous consolidated fiscal year to 143,723 million
yen, due mainly to a foreign currency translation adjustment of 7,387 million yen and retained earnings of 4,531 million
yen. Shareholders’ equity—net assets minus non-controlling interests—increased by 11,533 million yen from the end of
the previous fiscal year to 134,460 million yen. As a result, the shareholders’ equity ratio increased by 0.8 percentage
points from the end of the previous consolidated fiscal year to 44.8%.
As of December 31, 2021

As of December 31, 2022

Millions of yen

Millions of yen%%

300,285

Increase / decrease
Millions of yen%

20,862

7.5

Total assets

279,422

Shareholders’equity122,92644.0

134,460

44.8

11,533

9.4

Interest-bearing
debt

73,76926.4

74,358

24.8

588

0.8

% indicates the percentage of each item to total assets.
% in the increase/decrease column indicates the increase/decrease rate.
2)

Cash flows
Cash and cash equivalents at the end of the fiscal year under review decreased by 1,289 million yen from the end of theprevious consolidated fiscal year to 26,099 million yen.
Cash flows from operating activities increased funds by 16,787 million yen. The increase in funds was due mainly todepreciation expenses of 18,327 million yen, income before income taxes of 6,960 million yen, and an increase in trade
payables of 4,074 million yen. Funds declined due to an increase in trade receivables of 12,038 million yen, among
other factors.
Cash flows from investing activities—primarily expenditures of 16,879 million yen for the purchase of property, plantand equipment—reduced funds by 15,860 million yen.
Cash flows from financing activities—primarily redemptions of bonds of 1.5 billion yen and dividend payments of 973
million yen—reduced funds by 2,856 million yen.

-4-

Results for the Fiscal Year
Ended December 31,2021

Results for the Fiscal Year
Ended December 31,2022

Increase / decrease

Millions of yen

Millions of yen

Millions of yen

Cash flows fromoperating activities

14,90016,787

1,886

Cash flows frominvesting activities(12,162)(15,860)(3,698)Cash flows fromfinancing activities(1,936)(2,856)(919)

The trend in cash flow indicators is as follows.
Results for the Fiscal Year Ended
December 31,2021

Results for the Fiscal Year Ended
December 31,2022

Shareholders’ equity ratio

44.0%

44.8%

Equity ratio based on market value

12.7%

12.4%

Ratio of interest-bearing debt to cash flows

5.0 years

4.4 years

Interest coverage ratio

16.5 times

16.6 times(Notes)Shareholders’ equity ratio : Shareholders’ equity / Total asset
Equity ratio based on market value : Market capitalization / Total assets
Ratio of interest-bearing debt to cash flows: Interest-bearing debt / Cash flows from Operating
activities
Interest coverage ratio : Cash flows from Operating activities / Interest paid
1. Each indicator is calculated based on consolidated figures.
2. Market capitalization is calculated as the closing stock price at the end of the term × the numberof shares issued (net of treasury stock) at the end of the term.
3. Interest-bearing debt covers debt recorded on the consolidated balance sheet on which interest is
paid (discounted notes receivable and lease obligations are excluded).
4. Operating cash flow is the cash flow from operating activities stated on the consolidated cash
flow statement.
5. Interest paid is the amount of interest paid stated on the consolidated statement of cash flows.

(3) Basic Profit Allocation Policy, and Dividends for the Current and New Fiscal Year
Our basic profit distribution policy is to maintain a stable return of profits to shareholders while securing funds for
growth investment along with a medium- to long-term improvement in consolidated operating performance. In addition,
we determine profit distribution after considering various factors, using a dividend payout ratio of 30% as a guide,in addition to maintaining stable dividends. Funds retained internally are used to strengthen our production and sales
systems in response to changes in the business environment, capital expenditures for growth, the development of newtechnologies and products, operational rationalization, and other efforts to strengthen competitiveness and improveearnings power over the medium to long term.
Given various factors, including our performance in the period under review and our financial position based on theabove policy, the board of directors resolved at their meeting on February 13, 2023 to increase the most recent year-end
dividend planned for the fiscal year ended December 2022 of 20 yen by 5 yen to 25 yen per share, which is 15 yen higher
than in the previous period, and to submit this proposal to the general meeting of shareholders to be held on March 29,
2023. As a result, the annual dividend including the 20-yen interim dividend will be 45 yen per share, 25 yen higher thanin the previous period.
The planned dividend for the fiscal year ending December 2023 is 50 yen per share per annum (interim dividend of 25
yen and year-end dividend of 25 yen).
2. Basic Policy for the Selection of Accounting Standards
The Group’s policy is to prepare consolidated financial statements based on Japanese Accounting Standards withconsideration for inter-period and inter-company comparability.
Regarding the application of International Accounting Standards, our policy is to respond appropriately after taking into
account domestic and overseas conditions.
-5-3. Consolidated Financial Statements and Important Notes(1) Consolidated Balance Sheets(Millions of yen)2021/12/31
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, net
LandConstruction in progress
Other, net
Total property, plant and equipment
Intangible assets
Other
Total intangible assets
Investments and other assets
Investment securities
Retirement benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Deferred assets
Bond issuance costs
Total deferred assets
Total assets-6-

2022/12/31

28,53844,327740
19,603
14,81318,092
3,505(30)
129,591

27,33958,337650
18,104
16,82920,5263,586(32)145,341

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

32,71656,196
15,77813,084
6,183
123,959

3,159
3,159

2,803
2,803

15,772
6,916
3,879
3,006
(62)
29,512
149,830

14,826
6,439
4,053
2,923
(63)
28,179154,94300279,422－－300,285

(Millions of yen)2021/12/31
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Current portion of bonds payable
Current portion of long-term borrowings
Income taxes payable
Provision for bonuses
Provision for board member’s bonuses
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Deferred tax liabilities
Deferred tax liabilities for land revaluation
Retirement benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Common stock
Additional paid in capital
Retained earnings
Treasury stock
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-7-

2022/12/31

41,60636,4981,500
13,005636
387－
17,131
110,765

46,54639,942
－
6,545
879
549
36
20,199114,698

22,765
2,948
510
7,872
2,842
36,939147,705

27,869
3,242
510
7,183
3,056
41,863
156,561

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

18,472
21,892
76,118(346)
116,136

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

5,649
811
11,675
186
18,323
9,263
143,723
300,285

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

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income (loss)
Non-operating income
Interest income
Dividend income
Rental income
Foreign exchange gains
Dividend income of insurance
Share of profit of entities accounted for using equity method
Usage income of trademark
Subsidy income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Loss on abandonment of inventories
Depreciation
Share of loss of entities accounted for using equity method
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on disposal of non-current assets
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses
Loss on disposal of non-current assets
Impairment losses
Loss on valuation of investment securities
Loss on sale of investment securities
Compensation expenses
Total extraordinary losses
Net income (loss) before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Net income (loss)
Net income (loss) attributable to non-controlling interests
Net income (loss) attributable to owners of parent-8-

from:2021/1/1
to:2021/12/31

from:2022/1/1
to:2022/12/31

198,073
179,600
18,472
19,996(1,524)

249,521
221,275
28,245
21,276
6,969

164
366
164
200
145
59
270
378
833
2,582

123
413
156
321
41
－
342
66
823
2,289

894
31
16
－
112
1,054
4

1,025
44
13
225
156
1,466
7,791

4
0
5

23
－
23

203
4,134
2
－
－
4,339
(4,329)
1,001
(969)
31
(4,361)36(4,397)

170
－
4
250
430
855
6,960
1,345
374
1,720
5,240
455
4,784

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

Net income (loss)
Other comprehensive income
Valuation difference on available-for-sale securities
Revaluation reserve for land
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-controlling interests-9-

from: 2021/1/1
to: 2021/12/31

from: 2022/1/1
to: 2022/12/31(4,361)

5,240

771
0
7,821
1,618

137
－
7,251
(549)

281

136

10,492
6,131

6,975
12,2156,087
43

11,769445

(3) Consolidated Statements of Changes in Equity
Previous consolidated fiscal year (January 1, 2021 - December 31, 2021)(Millions of yen)

Common stock
Balance at beginning of
periodCumulative impact ofchanges in accounting
policies
Balance at beginning of
period reflecting changes inaccounting policies
Changes during period

Shareholders' equity
Additional paid in
Retained earnings Treasury stock
capital18,472

21,861(346)

116,295－

18,472

21,861Dividends of surplus
Net income (loss)
attributable to owners ofparentPurchase of treasury stock
Change in ownershipinterest of parent due totransactions with noncontrolling interests
Net changes in items otherthan shareholders' equity

76,309(346)

116,295

(323)

(323)

(4,397)(4,397)
(0)

(0)

14

14

－

14

(4,721)(0)(4,707)

18,472

21,87571,587(346)

111,588

Total changes during period
Balance at end of period

76,309Total shareholders'equityAccumulated other comprehensive income
Valuation
Total
Nondifference
Foreign
Revaluation
Remeasurements accumulated controlling Total net
oncurrency
assetsreserve forof defined
otherinterests
availabletranslation
land
benefit plans comprehensive
for-saleadjustment
incomesecurities
Balance at beginning of
periodCumulative impact ofchanges in accounting
policies
Balance at beginning of
period reflecting changes inaccounting policies
Changes during period
Dividends of surplus
Net income (loss)
attributable to owners ofparentPurchase of treasury stock
Change in ownershipinterest of parent due totransactions with noncontrolling interests
Net changes in items otherthan shareholders' equity
Total changes during period
Balance at end of period

4,733

810

(3,814)

(877)

852

8,782

125,930
－

4,733

810

(3,814)

(877)

852

8,782

125,930(323)(4,397)
(0)
14

770

0

8,102

1,611

10,485

8

10,494

770

0

8,102

1,611

10,485

8

5,786

5,503

811

4,288

734

11,337

8,790

131,717- 10 -

Consolidated fiscal year under review (January 1, 2022 - December 31, 2022)(Millions of yen)

Common stock
Balance at beginning of
periodCumulative impact ofchanges in accounting
policies
Balance at beginning of
period reflecting changes inaccounting policies
Changes during period

Shareholders' equity
Additional paid in
Retained earnings Treasury stock
capital18,472

21,875(346)

111,588718

18,472

21,875

Dividends of surplus
Net income (loss)
attributable to owners ofparentPurchase of treasury stock
Change in ownershipinterest of parent due totransactions with noncontrolling interests
Net changes in items otherthan shareholders' equity

72,305718(346)

112,306

(971)

(971)

4,784

4,784
(0)

(0)

17

17

－

17

3,813

(0)

3,830

18,472

21,892

76,118(346)

116,136

Total changes during period
Balance at end of period

71,587

Total shareholders'equityAccumulated other comprehensive income
Valuation
Total
Nondifference
Foreign
Revaluation
Remeasurements accumulated controlling Total net
oncurrency
assetsreserve forof defined
otherinterests
availabletranslation
land
benefit plans comprehensive
for-saleadjustment
incomesecurities
Balance at beginning of
periodCumulative impact ofchanges in accounting
policies
Balance at beginning of
period reflecting changes inaccounting policies
Changes during period
Dividends of surplus
Net income (loss)
attributable to owners ofparentPurchase of treasury stock
Change in ownershipinterest of parent due totransactions with noncontrolling interests
Net changes in items otherthan shareholders' equity
Total changes during period
Balance at end of period

5,503

811

4,288

734

11,337

8,790

131,717
718

5,503

811

4,288

734

11,337

8,790

132,435

(971)
4,784
(0)
17

146

－

7,387

(547)

6,985

472

7,458

146

－

7,387

(547)

6,985

472

11,288

5,649

811

11,675

186

18,323

9,263

143,723- 11 -

(4) Consolidated Statements of Cash Flows(Millions of yen)

Cash flows from operating activities
Net income (loss) before income taxes
Depreciation
Impairment losses
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 method
Loss (gain) on disposal of non-current assets
Loss (gain) on sale of investment securities
Loss (gain) on valuation of investment securities
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 refund (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 securities
Proceeds from sale of securities
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 stock
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- 12 -

from: 2021/1/1
to: 2021/12/31

from: 2022/1/1
to: 2022/12/31(4,329)17,240
4,134
(3)
(3)
33
(530)
894
(378)
(59)
198
－
2
(2,520)(9,214)(208)
11,934(1,253)(424)
15,510
613
(904)
455
(773)
14,9006,960
18,327
－
2
161
(319)
(537)
1,025
(66)
225
147
250
4
(12,038)(1,538)
(14)
4,074
1,038
246
17,947600(1,011)
86(835)
16,787(11,851)520(1,300)
1,330
(15)
13
(2,404)
2,404(859)(12,162)(16,879)76(1,300)
1,300
(11)
750
(2,404)
2,404
202(15,860)

9,325
1,866
(8,050)(4,600)
(0)
(328)
(150)
(1,936)
1,182
1,983
25,40527,3882,039
11,110(13,365)(1,500)
(0)
(973)
(167)
(2,856)640(1,289)27,38826,099(5) Notes Regarding the Consolidated Financial Statements(Note related to going-concern assumption)
Not applicable.
(Changes in accounting policies)(Application of accounting standards for revenue recognition and other rules)
We have applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, March 31, 2020) from theconsolidated fiscal year under review and recognize revenue upon the transfer of control of promised goods or services tothe customer in the amount expected to be received in exchange for goods or services.
As a result, we have changed our method of revenue recognition for transactions in which we procure raw materials andother items from the customer and sell the finished goods after processing them. The new method adopted recognizes the
net amount of the consideration excluding the procurement price of the raw materials and other items as revenue, rather thanrecognizing the total amount of the consideration including the procurement price of the raw materials and other items. We
have also changed the method of revenue recognition for transactions in which we collect the cost of dies from the customer
over a certain period; the new method recognizes revenue at one time, rather than doing so over the collection period. In
addition, we changed the method of revenue recognition for certain sales to recognize revenue at the time of the incoming
goods inspection, rather than upon shipment.
In applying the Accounting Standard for Revenue Recognition and other rules, we have followed the transitional
procedures set forth in the proviso of paragraph 84 of the Accounting Standard for Revenue Recognition. Thus, we adjusted
the retained earnings at the beginning of the consolidated fiscal year under review by the cumulative impact that would haveaccrued had we applied the new accounting policy retrospectively, before the start of the consolidated fiscal year underreview. We then applied the new accounting policy to the adjusted beginning balance.
As a result, sales for the consolidated fiscal year under review decreased by 5,555 million yen, while cost of goods solddecreased by 5,869 million yen. Operating income, ordinary income, and income before income taxes all increased by 313
million yen. Similarly, the balance of retained earnings at the beginning of the fiscal year under review increased by 718
million yen.
(Application of accounting standards for fair value measurement and other rules)
We have applied the Accounting Standard for Fair Value Measurement (ASBJ Statement No. 30 Accounting Standard for
Fair Value Measurement, July 4, 2019) and other rules from the beginning of the consolidated fiscal year under review;
going forward, we will apply the new accounting policy stipulated by the Accounting Standard for Fair Value Measurement
and other rules in accordance with the transitional procedures set forth in paragraph 19 of the Accounting Standards for Fair
Value Measurement and paragraph 44-2 of the Accounting Standard for Financial Instruments (ASBJ Statement No. 10
Accounting Standard for Financial Instruments, July 4, 2019). This change does not affect the consolidated financial
statement for the consolidated fiscal year under review.

- 13 -

(Segment information)a. Segment Information
1. Overview of reported segments
The Company's reported segments are the constituent units of the Company for which separate financial information isavailable. They are subject to periodic review by the board of directors to determine the allocation of the company’s
resources and to provide a management evaluation.
The Group consists of product-based segments, with Die Castings, Builders’ Hardware, and Printing Equipment
representing the three reported segments.
Die Castings consists of die-cast products and aluminum castings used as components for automobiles and otherequipment.
Builders’ Hardware consists of door closers and other products.
Printing Equipment consists of offset-printing presses, printing peripheral equipment, and other products.
2. Method of calculating amounts of net sales, profits or losses, assets and other items by reportable segment
The earnings of the reported segments are operating profits or operating losses. Intersegment sales or transfers are basedon arm’s-length prices.
3. Information regarding amounts of net sales, profits or losses, assets and other items by reportable segment
Previous consolidated fiscal year (from January 1, 2021 to December 31, 2021)(Millions of yen)
Die
Castings
Net Sales:
Unaffiliatedcustomers
Intersegment

169,898

Total

Reported segment
Builders’Printing
Hardware Equipment

Total

Other
(Note)1

Total

Adjustment(Note)2

Consolidated(Note)3

197,867

205

198,073

－

75

24

99

(99)

－

9,574

18,393－－

169,974

9,574

18,393

197,942229

198,172(99)

198,073

Segment profit(loss)(1,449)

362

(417)

(1,505)(18)(1,523)(0)(1,524)

Segment assets

214,262

10,60622,240247,109179

247,289

32,133

279,42275

198,073

Other items
Depreciation
16,783
195
258
17,2372
17,240－17,240
Amount invested
in equity-method
－
2,312
－
2,312
－
2,312
－
2,312
affiliates
Increase in tangible
fixed assets and12,829139
53
13,021
48
13,070－13,070intangible fixed
assets(Notes) 1. Other refers to business segments not included in the reported segments, including the insurance agency businessand golf course management.
2. The adjustment amounts are as follows:(1) Adjustments to segment profits or losses are due to the elimination of inter-segment transactions, etc.
(2) Adjustments to segment assets are due to corporate assets and the elimination of inter-segment transactions,etc.
3. Segment profit or loss matches the operating loss stated on the consolidated income statement.

- 14 -

Consolidated fiscal year under review(from January 1, 2022 to December 31, 2022)(Millions of yen)
Die
Castings
Net Sales:
Unaffiliatedcustomers
Intersegment

215,726

Total

Reported segment
Builders’Printing
Hardware Equipment

Total

Other
(Note)1

Total

Adjustment(Note)2

Consolidated(Note)3

249,288232

249,521

－

63

14

78

(78)

－

10,14523,417－－215,789

10,14523,417249,351247

249,599(78)

249,521

Segment profit(loss)

5,232

226

1,506

6,965

4

6,969

(0)

6,969

Segment assets

234,174

11,28323,028268,486228

268,71431,570300,28563

249,521

Other items
Depreciation
17,881203
24118,3260
18,327－18,327
Amount invested
in equity-method
－
2,168
－
2,168
－
2,168
－
2,168
affiliates
Increase in tangible
fixed assets and18,307202
123
18,63312
18,646－
18,646
intangible fixed
assets(Notes) 1. Other refers to business segments not included in the reported segments, including the insurance agency businessand golf course management.
2. The adjustment amounts are as follows:(1) Adjustments to segment profits or losses are due to the elimination of inter-segment transactions, etc.
(2) Adjustments to segment assets are due to corporate assets and the elimination of inter-segment transactions, etc.
3. Segment profit or loss matches the operating loss stated on the consolidated income statement.
b. Related information
Previous consolidated fiscal year (from January 1, 2021 to December 31, 2021)
1. Information by product and service
It is omitted here because similar information is disclosed in the segment information section.
2. Information by region(1) Net sales(Millions of yen)Japan
U.S.A.
China
OthersTotal
103,649
20,81438,60535,003
198,073(Notes) Sales by region are based on the locations of customers and are classified by country or region.
(2) Tangible fixed assets
Japan
51,191

U.S.A.
14,271

Mexico9,951

China
32,940

Others8,803(Millions of yen)Total
117,158

Consolidated fiscal year under review(from January 1, 2022 to December 31, 2022)
1. Information by product and service
It is omitted here because similar information is disclosed in the segment information section.
2. Information by region(1) Net sales(Millions of yen)Japan
U.S.A.
China
OthersTotal
114,726
36,95145,002
52,840249,521(Notes) Sales by region are based on the locations of customers and are classified by country or region.

- 15 -

(2) Tangible fixed assets
Japan
50,938

U.S.A.
18,633Mexico10,821

China
33,168Others
10,398(Millions of yen)Total
123,959

c. Information on impairment losses on fixed assets by reported segment
Previous consolidated fiscal year (from January 1, 2021 to December 31, 2021)
Die Castings
Impairment
loss

3,993

Builders’
HardwarePrinting
Equipment－－(Millions of yen)
Eliminations /Total
Corporate

Other
140

－

4,134

Consolidated fiscal year under review(from January 1, 2022 to December 31, 2022)
Not applicable.
(Per share information)
Previous consolidated
Consolidated fiscal year
fiscal year
under review(from January 1, 2021
(from January 1, 2022
to December 31, 2021)
to December 31, 2022)
Net asset per share
3,797.69 yen
4,154.04 yen
Net income (loss) per share(135.87) yen
147.80 yen
Fully diluted net income per share－－(Notes) 1. Diluted net income per share was omitted because there are no dilutive shares.
(Notes) 2. The basis for calculating net loss per share ( ) is as follows.

Previous consolidated
fiscal year
(from January 1, 2021
to December 31, 2021)
Net income (loss) attributable to ownersof parent (million yen)Amount not attributable to commonshareholders (million yen)
Net income (loss) attributable to ownersof parent in relation to common shares(million yen)
Average number of shares during the
fiscal year (thousand shares)

Consolidated fiscal year
under review(from January 1, 2022
to December 31, 2022)(4,397)－(Important subsequent events)
Not applicable.

- 16 -

4,784－(4,397)

4,784

32,36832,368

4. Non-consolidated Financial Statements and Important Note
(1) Balance Sheets(Millions of yen)2021/12/31
AssetsCurrent assets
Cash and deposits
Notes receivable - trade
Electronically recorded monetary claims - operating
Accounts receivable - trade
Securities
Merchandise and finished goods
Work in process
Raw materials and supplies
Accounts receivable - other
Short-term loans receivable
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings
Structures
Machinery and equipment
VehiclesTools, furniture and fixtures
Land
Construction in progress
Other
Total property, plant and equipment
Intangible assets
Software
Other
Total intangible assets
Investments and other assets
Investment securities
Shares of subsidiaries and associates
Investments in capital of subsidiaries and associates
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Deferred assets
Bond issuance costs
Total deferred assets
Total assets- 17 -

2022/12/31

13,204492
2,452
23,047
650
6,184
6,939
2,956
3,942
6,604
175
(1,554)65,094

13,926426
3,500
27,831
650
4,227
6,674
2,536
5,560
10,990769(3,070)74,022

9,722
662
7,987
66
2,892
11,8272,721
235,882

9,225
633
7,350
50
3,223
11,8433,140
035,467

1,747
31
1,779

1,274
127
1,402

11,734
17,78929,041
6,763(1,057)64,271
101,933

10,971
17,78929,0417,339(1,043)64,098100,96800
167,028－－
174,991(Millions of yen)2021/12/31
Liabilities
Current liabilities
Electronically recorded obligations - operating
Accounts payable - trade
Short-term borrowings
Current portion of bonds payable
Current portion of long-term borrowings
Accounts payable - otherAccrued expenses
Income taxes payable
Provision for bonuses
Provision for board member’s bonuses
Deposits received from employees
Electronically recorded obligations-facilities
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Provision for retirement benefits
Deferred tax liabilities
Provision for loss on guarantees
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Common stock
Additional paid in capital
Legal capital surplus
Other capital surplus
Total additional paid in capital
Retained earnings
Other retained earnings
Retained earnings brought forward
Total retained earnings
Treasury stock
Total shareholders' equity
Valuation and translation adjustments
Valuation difference on available-for-sale securities
Total valuation and translation adjustments
Total net assets
Total liabilities and net assets- 18 -

2022/12/31

12,371
14,73526,490
1,500
8,855
3,101
810
191
189
－
1,634
354
177
70,41013,071
16,462
27,380
－
2,955
4,651
1,199
535
287
36
1,604
1,062
199
69,446

17,060
5,720
499
1,874
34
25,18895,59922,604
5,421
1,152
－
34
29,212
98,65918,472

18,472

11,617
10,052
21,66911,617
10,052
21,66926,431
26,431(346)
66,226

31,16931,169(346)
70,9645,202
5,202
71,429167,028

5,366
5,366
76,331
174,991

(2) Statements of Income(Millions of yen)
from:2021/1/1
to:2021/12/31
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income (loss)
Non-operating income
Interest income
Dividend income
Rental income
Outsourcing service income
Foreign exchange gains
Reversal of provision for loss guarantees
Other
Total non-operating income
Non-operating expenses
Interest expenses
Depreciation
Loss on abandonment of inventories
Provision of allowance for doubtful accounts
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on disposal of non-current assets
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses
Loss on disposal of non-current assets
Loss on valuation of investment securities
Loss on sale of investment securities
Loss on valuation of shares of subsidiaries and associates
Provision of allowance for doubtful accounts
Provision for loss on guarantees
Compensation expenses
Total extraordinary losses
Net income (loss) before income taxes
Income taxes – current
Income taxes – deferred
Total income taxes
Net income (loss)- 19 -

from:2022/1/1
to:2022/12/31

92,50882,291
10,217
12,085(1,868)97,947
84,106
13,84012,196
1,643

71
2,577
442
258
176
－
1,020
4,547

133
3,467
440
244
229
1,874
882
7,273

313
159
13
－
71
558
2,120

321
142
12
1,502
73
2,052
6,864

0
0
1

0
－
0

87
2
－
1,678
1,671
1,874
－
5,314
(3,193)
295
(116)
178
(3,372)

27
4
250
－
－
－
430
711
6,153
698
329
1,028
5,125

(3) Statements of Changes in Equity
Previous non-consolidated fiscal year (from January 1, 2021 to December 31, 2021)(Millions of yen)
Shareholders' equity
Additional paid in capital

Commonstock

Balance at beginning of
periodCumulative impact ofchanges in accounting
policies
Balance at beginning of
period reflectingchanges in accounting
policies
Changes during period

18,472Legalcapitalsurplus11,617

Other
capitalsurplus

Total
additional
paid in
capital10,052

21,669Retained earnings
Otherretainedearnings
Total
retained
Retainedearnings
earnings
brought
forward30,12630,126

Total
Treasuryshareholders'stockequity(346)

69,922－

18,472

11,617

10,05230,12630,126

Dividends of surplus

(323)

(323)

(323)

Net income (loss)
Purchase of treasurystock
Net changes in items
other thanshareholders' equity
Total changes during
periodBalance at end of period(3,372)(3,372)(3,372)(346)

69,922

(0)

(0)

－

－

－

－

(3,695)(3,695)(0)(3,695)

18,472

11,617

10,052

21,66926,431

26,431(346)

66,226

Valuation andtranslation adjustments
Valuation
Total
Total netdifference
valuationassetsonandavailabletranslation
for-saleadjustments
securities
Balance at beginning of
periodCumulative impact ofchanges in accounting
policies
Balance at beginning of
period reflecting changes
in accounting policies
Changes during period

21,669

4,433

4,433

74,356
－

4,433

4,433

74,356

Dividends of surplus(323)

Net income (loss)
Purchase of treasurystock
Net changes in items
other thanshareholders' equity
Total changes during
periodBalance at end of period(3,372)
(0)
768

768

768

768

768

(2,927)

5,202

5,202

71,429- 20 -

Non-consolidated fiscal year under review (January 1, 2022 - December 31, 2022)(Millions of yen)
Shareholders' equity
Additional paid in capital

Commonstock

Balance at beginning of
periodCumulative impact ofchanges in accounting
policies
Balance at beginning of
period reflectingchanges in accounting
policies
Changes during period

18,472Legalcapitalsurplus

Total
additional
paid in
capital10,052

21,669Total
Treasuryshareholders'stockequity26,431

26,431584

584

27,01527,015

Dividends of surplus

(971)

(971)

(971)

Net income (loss)
Purchase of treasurystock
Net changes in items
other thanshareholders' equity
Total changes during
periodBalance at end of period

5,125

5,125

5,125

18,472

11,617

Other
capitalsurplusRetained earnings
Otherretainedearnings
Total
retained
Retainedearnings
earnings
brought
forward11,617

10,052

66,226584(346)

66,810

(0)

(0)

－

－

－

－

4,154

4,154

(0)

4,154

18,472

11,617

10,052

21,66931,16931,169(346)

70,964

Valuation andtranslation adjustments
Valuation
Total
Total netdifference
valuationassetsonandavailabletranslation
for-saleadjustments
securities
Balance at beginning of
periodCumulative impact ofchanges in accounting
policies
Balance at beginning of
period reflecting changes
in accounting policies
Changes during period

21,669

(346)

5,202

5,202

71,429
584

5,202

5,202

72,013

Dividends of surplus(971)

Net income (loss)
Purchase of treasurystock
Net changes in items
other thanshareholders' equity
Total changes during
periodBalance at end of period

5,125
(0)
163

163

163

163

163

4,317

5,366

5,366

76,331- 21 -

5. Others
Changes in Officers (scheduled for March 29, 2023)
Changes in other officers
・Candidate for new director
Name
New position
Mami Ito
Outside Director (part-time)

Current position
CEO & President of Nihon Dento
Kougyo Co., Ltd.

・Director scheduled to retire
Name
Current position
Yuji Yamamoto
Outside Director (part-time)- 22 -

Supplementary materials for financial results for the fiscal year ended December 31, 2022
Feb 13, 2023
RYOBI LIMITED

Consolidated(unit: millions of yen, %)'19/12'20/12
ratio'21/12
ratio

ratio

198,073'23/12 (Forecast)First half
ratio

249,521

ratio

220,5198,495

3.9

Ordinary income

8,734

4.0

(35) (0.0)

Net income attributableto owners of parent

4,913

2.2

Price earnings ratio(unit: yen)
Return on equity (%)

151.79(21.54)(135.87)

147.80169.92

52.52

4.1

(0.6)

(3.7)

3.7%

－

－

3.3

(0.0)

0.0

2.7%

－

－

(1,789) (1.0) (1,524) (0.8)

266,000

ratio

Net sales
Operating income

Ordinary income tototal asset ratio (%)

170,973'22/12129,000

6,969

2.8

7,500

2.8

2,500

1.9

0.0

7,791

3.1

7,400

2.8

2,400

1.9

(697) (0.4) (4,397) (2.2)

4,784

1.9

5,500

2.1

1,700

1.3

4

Net sales by segment
ratio

ratio

ratio

ratio

ratio

ratio

Die Castings
Builders' Hardware

185,938 84.3 145,869 85.3 169,898 85.8 215,726 86.5 231,700 87.1 112,400 87.1
4.9

9,406

5.5

9,574

4.8

10,145

4.1 11,000

4.1

5,200

4.0

Printing Equipment

23,661 10.7

15,513

9.1

18,393

9.3

23,417

9.4 23,300

8.8 11,400

8.8

In Japan

116,571 52.9

91,088 53.3 103,649 52.3 114,726 46.0 122,300 46.0 58,700 45.5

Overseas

103,948 47.1

79,884 46.7

10,712

94,424 47.7 134,794 54.0 143,700 54.0 70,300 54.5

Operating income by segment
ratio

Die Castings

7,659 4.1

ratio

ratio

ratio

ratio

(1,612) (1.1) (1,449) (0.9)

ratio

5,232 2.4

6,500 2.8

2,000 1.8

Builders' Hardware

697 6.5

799 8.5

362 3.8

226 2.2

300 2.7

100 1.9

Printing Equipment

144 0.6(944) (6.1)(417) (2.3)

1,506 6.4

700 3.0

400 3.5

－

－

ratio

ratio

279,422

ratio

263,179

Shareholders' equity

120,520 45.8 117,147 45.3 122,926 44.0 134,460 44.8－－

Retained earnings

78,139 29.7

76,309 29.5

71,587 25.6

76,118 25.3－－

Interest-bearing debt

61,908 23.5

72,475 28.0

73,769 26.4

74,358 24.8 70,000－

Capital expenditure

24,83917,392

13,07018,64618,000－Depreciation

15,37016,402

17,24018,32718,000－30,326

11,795

14,90016,787－－(26,278)(17,567)(12,162)(15,860)－－(2,268)

9,718(1,936)(2,856)－－

Cash flows fromoperating activities
Cash flows frominvesting activities
Cash flows fromfinancing activities

258,660

ratio

Total asset

300,285(unit: people)

Year-end staff

7,683

7,396

Assumed foreign exchange rates for FY2022

7,243

7,375

－

－

USD/JPY
CNY/JPY

125
18.5

GBP/JPY
THB/JPY155
3.6