Consolidated Financial Results
for the Nine Months Ended September 30, 2020
(Japanese GAAP)
November 6, 2020
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 General Manager of Corporate Planning Division
Contact: General Manager Finance Department
Phone: +81-3-3501-0511
Scheduled date to submit the Quarterly Securities Report : November 9, 2020
Date of scheduled payment of dividend : －Availability of supplementary briefing material on quarterly results : Yes
Presentation Meeting : Not Scheduled(Any amount less than one million is disregarded.)

1. Consolidated Financial Results for the Nine Months Ended September 30, 2020
(From January 1, 2020 to September 30, 2020)(1) Consolidated Results of Operations(% indicates changes from the previous fiscal year.)Net sales
Millions of yen
Nine months ended
September 30, 2020

122,309

Operating profit% Millions of yen-26.8-3,003

Ordinary profit% Millions of yen－-1,724

Nine months ended
167,081－6,827－6,965
September 30, 2019
(Note) Comprehensive income: Nine months ended September 30, 2020: -4,194 million yen [－%]
(Note) Comprehensive income: Nine months ended September 30, 2019: 2,824 million yen [－%]% Millions of yen%－-1,546－－

4,983

－

Fully diluted profit
per share

Profit per share
Yen
Nine months ended
September 30, 2020

Profit attributable toowners of parent-47.79

Yen－

Nine months ended
153.97－
September 30, 2019
* The Company changed its fiscal year-end from March 31 to December 31 as of the fiscal year ended December 31, 2018. The increasedecrease rates from the previous fiscal year were not presented because the period covered by nine months ended September 30, 2019(from January 1, 2019 to September 30, 2019) and the period covered by the nine months ended September 30, 2018 (Domestic: fromApril 1,2018 to September 30, 2018, Overseas: from January 1, 2018 to September 30, 2018), which would be used for comparison, aredifferent.

(2) Consolidated Financial Position
Shareholders'equity ratio

Total assets

Net assets

As of September 30, 2020

Millions of yen
250,981Millions of yen
124,187%
46.0

As of December 31, 2019

263,179

129,575

45.8(Reference) Shareholders' Equity: As of September 30, 2020: 115,459 million yen(Reference) Shareholders' Equity: As of December 31, 2019: 120,520 million yen-1-2. Dividends
Cash dividends per share
End of 1Q
Yen－

FY December 2019

End of 2Q
Yen
35.00

End of 3Q
Yen－Year-end
Yen
35.00

Annual
Yen
70.00

－－
0.00
FY December 2020
FY December 2020
0.00
0.00
(Forecast)(Reference) Correction from the dividend forecast, which is published in the most recent: Yes

3. Forecast of Consolidated Financial Results for the Fiscal Year Ending December 31, 2020
(From January 1, 2020 to December 31, 2020)

Net sales

Full year

Operating profit

Millions of yen%

Millions of yen

171,000－-2,900

Ordinary profit%－%

Millions of yen-1,700

Profit attributableto owners of parent

Profit per share%

Yen

Millions of yen-1,500－－-46.34(Reference) Correction from the consolidated forecast, which is published in the most recent: Yes＊Notes(1) Significant changes of companies during the fiscal year ended September 30, 2020 (changes in specific companies involving
changes in the scope of consolidation): Not applicable(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: Not 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
As of September 30, 2020
(including treasury stock)2) Treasury stock

As of September 30, 2020

3) Average shares
outstanding during theperiod

Nine months ended
September 30, 2020

32,646,143

As of December 31, 2019

32,646,143

277,258

As of December 31, 2019277,173

32,368,961

Nine months ended
September 30, 2019

32,369,029* These consolidated quarterly financial results are outside the scope of the quarterly review.
* Explanation for the appropriate use of performance forecasts and other special notes:(Cautionary note on forward-looking statement)
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 commitment by
the Company. Therefore, there might be cases in which actual results differ from forecast values.

-2-Comparative Balance Sheets (Consolidated)(Millions of yen)

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Securities
Merchandise and finished goods
Work in process
Raw materials and supplies
OtherAllowance 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 cost
Total deferred assets
Total assets-3-December 31, 2019

September 30, 2020

22,51841,197768
17,006
13,853
14,294
2,951(47)
112,54321,173
38,727757
15,483
12,595
13,733
3,004(36)
105,438

33,375
52,112
17,85012,692
5,576
121,607

32,04350,347
17,061
14,982
5,565
119,999

3,716
3,716

3,596
3,596

18,2177,125(62)25,280150,604

13,7638,232(62)
21,933
145,52931
31
263,17914
14
250,981Comparative Balance Sheets (Consolidated)(Millions of yen)

Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Current portion of bonds
Current portion of long-term borrowings
Income taxes payable
Provision for bonusesProvision for bonuses for directors (and other officers)
Other
Total current liabilities
Non-current liabilities
Bonds payable
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-

December 31, 2019

September 30, 2020

35,67323,427
2,300
6,788
804
576
12
20,39089,972

22,49528,609
6,900
6,864
303
1,713
－
13,51180,396

6,100
23,292
8,032
6,206
43,631
133,604

1,500
31,902
7,847
5,147
46,397
126,794

18,472
21,854
78,139(346)
118,120

18,472
21,85975,459(346)
115,4445,443
809(2,626)(1,226)2,400
9,054
129,575
263,179

4,326
810(4,237)(883)
158,727124,187
250,981Comparative Statements of Income (Consolidated)(Millions of yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit (loss)
Non-operating income
Interest income
Dividend income
Rental income
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
Foreign exchange losses
Depreciation
Other
Total non-operating expenses
Ordinary profit (loss)
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
Loss on valuation of investment securities
Loss on sales of investment securities
Loss on sales of shares of subsidiaries and associates
Total extraordinary losses
Profit (loss) before income taxes
Income taxes
Profit (loss)
Profit (loss) attributable to non-controlling interests
Profit (loss) attributable to owners of parent-5-

Nine months ended
September 30, 2019

Nine months ended
September 30, 2020

167,081
144,11122,96916,141
6,827

122,309111,344
10,965
13,968(3,003)

70
227
236
113
188－
443
1,279

68
200
154
70
195
1,167
463
2,319

795
192
32
121
1,141
6,965

755
126
24
134
1,041
(1,724)

55
28
83

22－
22

87
－－－
87
6,961
1,717
5,244
260
4,983

31
83
0
78
193
(1,895)(183)(1,711)(164)(1,546)

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

Profit (loss)
Other comprehensive income
Valuation difference on available-for-sale securities
Revaluation reserve for land
Foreign currency translation adjustmentRemeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities accounted forusing 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-6-

Nine months ended
September 30, 2019

Nine months ended
September 30, 2020

5,244

(1,711)

174
2(2,746)332(1,188)0(1,618)344(183)(2,420)2,824(20)(2,482)(4,194)2,500
323(3,932)(261)

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

Cash flows from operating activities
Profit (loss) 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 sales of investment securities
Loss (gain) on valuation of investment securities
Loss (gain) on sales of shares of subsidiaries andassociates
Loss (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
Proceeds from subsidy income
Income taxes paid
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 sales of shares of subsidiaries andassociates
Payments for acquisition of businesses
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
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-

Nine months ended
September 30, 2019

Nine months ended
September 30, 2020

6,961
11,246
(118)
1,394
(121)
(297)
795
－

(1,895)
12,274
(11)
1,136
136
(268)
755
(1,167)

(113)
(28)
－

(70)
083－
32
10,96274
520(11,626)(2,109)(422)
17,149321(818)－(1,183)
15,46978
92,0752,910(108)(12,902)(2,775)
(451)
(190)
314
(780)
848
(714)
(523)

(19,700)
186
(690)
690
(26)
46(17,040)
1,155
(680)
690
(25)
0－
(1,194)(1,214)
1,214(489)(21,178)

2,630－(1,214)
1,214(888)(14,158)515
8,777(6,856)(0)(2,259)(140)
36(190)(5,863)
19,632
13,768

5,557
16,060(6,885)(0)(1,133)(176)
13,421(85)(1,345)21,35620,011

Segment Information
Industry Segment Information(Nine months ended September 30, 2019)(Millions of yen)

Die Castings

Builders’
HardwarePrintingEquipment

Eliminations /Corporate

Consolidated

Net Sales:
Unaffiliatedcustomers
Intersegment

140,698

7,870

18,354

157－

167,08196－－

47(143)－

Total

140,794

7,870

18,354205(143)

167,081

6,023

474

328

00

6,827

Die Castings

Builders’
HardwarePrinting
Equipment

Net Sales:
Unaffiliatedcustomers
Intersegment

103,645

6,889

11,646

46

－

Total

103,691

Operating income(2,703)Operating income

Other(Nine months ended September 30, 2020)(Millions of yen)
Eliminations /Corporate

Consolidated

127－

122,309－30(76)

－

6,889

11,646158(76)

122,309

556

(838)

(18)

0(3,003)* All amounts have been rounded down to the nearest million yen.

-8-

Other