Ryobi Consolidated Financial Statements for the First Nine Months of Fiscal 2017

Ryobi Limited and Consolidated Subsidiaries
Consolidated Financial Statements for the First Nine Months of the Fiscal Year Ending
March 31, 2017
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, 2016
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, net
LandConstruction 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-1-December 31, 2016

20,07355,056
2,093
16,44013,98913,141
5,882(60)
126,616

18,48950,052690
17,17915,184
12,3464,571(54)
118,460

32,50453,154
23,276
4,305
4,037
117,278

28,981
42,10523,222
7,734
3,185
105,229

2,994
2,994

2,702
2,702

12,386
5,972(93)
18,266
138,539

15,542
5,527(75)
20,994
128,92641
41
265,197

91
91
247,477

Ryobi Consolidated Financial Statements for the First Nine Months of Fiscal 2017

(Millions of yen)March 31, 2016
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
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 income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
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-

December 31, 2016

38,78835,467
10,612
1,852
1,999
63
17,136
105,920

40,696
29,666
16,32280
641－
14,864102,271

2,600
33,201
8,847
4,520
49,169155,089

6,900
17,0538,850
5,272
38,076140,348

18,472
23,76555,540(2,335)95,442

18,472
23,76960,345(2,336)100,251

4,646
(10)
737
4,709
(1,885)

6,805
(2)
737
(5,980)(1,749)8,1986,466
110,107265,197

(189)
7,067
107,129
247,477

Ryobi Consolidated Financial Statements for the First Nine Months of Fiscal 2017

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 income
Non-operating income
Interest income
Dividend income
Rent income
Gain on sales of scraps
Other
Total non-operating income
Non-operating expenses
Interest expenses
Sales discounts
Foreign exchange losses
Depreciation
Other
Total non-operating expenses
Ordinary income
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
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent-3-

Nine Months Ended
December 31, 2015

Nine Months Ended
December 31, 2016

188,357
160,91127,446
18,818
8,627

177,940
149,904
28,036
19,285
8,750

33
312
357
588
691
1,984

39
346
343
558
487
1,774

1,428
157
286
102
126
2,101
8,510

1,052
138
175
90
130
1,588
8,936

48
－
48

312
201
514

89
－－
89
8,469
2,496
5,973
612
5,361

112
37
45
194
9,256
2,327
6,928
518
6,409

Ryobi Consolidated Financial Statements for the First Nine Months of Fiscal 2017(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
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable tonon-controlling interests-4-

Nine Months Ended
December 31, 2015

Nine Months Ended
December 31, 2016

5,973

6,928

122
6(1,366)80(1,156)
4,817

2,261
7(10,689)
135(8,284)(1,355)

4,103(1,977)713

622

Ryobi Consolidated Financial Statements for the First Nine Months of Fiscal 2017

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
Loss (gain) on disposal of non-current assets
Loss (gain) on sales of investment securities
Loss (gain) on valuation of investment securities
Decrease (increase) in notes and accounts receivable trade
Decrease (increase) in inventoriesDecrease (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
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
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-

Nine Months Ended
December 31, 2015

Nine Months Ended
December 31, 2016

8,469
11,607
－
(13)
(970)
190
(345)
1,428
42－
－

9,256
11,21037(23)(1,358)
167
(385)
1,052
(200)
(201)
45(90)
115
222

1,510
(3,713)
352

2,762
833
(708)
23,545345(1,487)(3,038)19,364

3,355
724
(703)
21,125386(1,081)(3,086)
17,344(10,114)24(690)690(47)－(1,703)
1,836(466)(10,472)(12,234)
547(1,340)
1,340
(60)
284
(2,730)2,758(240)(11,675)(2,630)6,011(8,543)2,264(1)(1,293)(25)(4,217)(2,906)322(7,951)4,237(0)(1,615)(25)(7,940)

(132)
4,542
16,60921,151(665)(2,937)
19,85016,912

Ryobi Consolidated Financial Statements for the First Nine Months of Fiscal 2017

4. Segment Information
Industry Segment Information
For the Nine Months Ended December 31, 2015
(Millions of yen)
DieCastings

Power Tools
and Builders’HardwarePrinting
Equipment

147,198

21,007

19,947967147,294
6,894

Eliminations/ Corporate

Consolidated

203—

188,357—

41(144)—21,015

19,947245(144)

188,357

598

1,098

36(0)

8,627

Other

Net Sales:
Unaffiliated customers
Intersegment
Total
Operating income

For the Nine Months Ended December 31, 2016
(Millions of yen)
DieCastings

Power Tools
and Builders’HardwarePrinting
Equipment

138,090

19,998

19,63976

9138,166
6,759

Eliminations/ Corporate

Consolidated

212—

177,940—

42(127)—20,007

19,639255(127)

177,940

1,265

683

420

8,750

Other

Net Sales:
Unaffiliated customers
Intersegment
Total
Operating income-6-