Ryobi Limited

February 14, 2023

Financial Results Presentation
for the Fiscal Year
Ended December 31, 2022

Contents
1. Results for the Fiscal Year Ended
December 31, 2022

3

2. Forecasts for the Fiscal Year Ending
December 31, 2023

13

3. Status by Business Segment

20(1) Die Castings(2) Builders’ Hardware(3) Printing Equipment

4. Sustainability ESG/SDGs

40

5. Shareholder Returns

45
2/50

1. Results for the Fiscal Year Ended
December 31, 2022

Highlights of Financial Results

1. Results for FY2022

 Consolidated results: Sales and profitability increased compared to the previous
fiscal year
Die Castings•••

Production volumes (weight) declined in Japan due to the impact on automobile production ofsemiconductor shortages and other factors, though rose overseas as economic activity normalized,
realizing a modest overall gain
Sales grew due to the offsetting of higher raw material (aluminum) prices with upward revisions ofsales prices, as well as the increase in yen-based sales of overseas subsidiaries due to the weakyenProfitability increased as a result of the benefit of increasing sales, despite the impact of a sharp
increase in energy prices and other factors

Builders’ Hardware
Sales increased both in Japan and overseas. Profitability declined due to higher procurement costs
caused by the appreciation of the Chinese yuan

Printing Equipment••

Sales grew both in Japan and overseas as government subsidies promoted capital investment inJapan and demand recovery progressed overseas
Profitability turned positive due to sales growth, despite rising raw material prices

 FY2023 Forecasts
While supply chain disruptions and a sharp increase in material prices remained as concerns, weforesee sales growth driven by gradual economic recovery. We expect profitability to be around that
achieved in FY2022

 Shareholder Returns••

We increased year-end dividends for FY2022 by 5 yen from 20 yen per share to 25 yen per share.
Annual dividend of 45 yen per share (25 yen higher than in the previous year)
The annual dividend for FY2023 is expected to be 50 yen per share, 5 yen higher than in theprevious year
4/50

1. Results for FY2022

Trends in the Production Weight of Die Castings

Production in Japan and China was sluggish due to shortage of semiconductors andother components and the lockdown in China, but increased year-on-year due torecovery since the 3QTR of 2022

Trends in the Production weight (FY2019 – FY2022)
Consolidated(left axis)
Americas(right axis)
China(right axis)

Consolidated(Unit：t)80,000Japan(right axis)
U.K.(right axis)
Thailand(right axis)

By Region(Unit：t)40,000Consolidated

60,00030,000Japan

40,00020,000

China
U.K.

0

20,000Americas

1Q

2Q

3Q

FY2019

4Q

1Q

2Q

3Q

FY2020

4Q

1Q

2Q

10,000Thailand3Q

FY2021

4Q

1Q

2Q

3Q

4Q

0

0

FY20225/50

1. Results for FY2022

Results Summary• Sales increased both year-on-year and forecasts due to higher raw material prices andthe weaker of yen• Profitability turned positive and increased year-on-year as the result of the benefit ofincreasing sales• Operating income and ordinary income increased against forecasts, and net income
attributable to owners of parent modestly decreased against forecasts （Unit: Billions of Yen)FY2021Net Sales

FY2022

Results

Results

198.1

249.5

ChangeForecasts

51.4

248.0

(26.0%)
Operatingincome- 1.5

Ordinary
income0.0

Net income
attributable toowners ofparent

- 4.4

7.0

8.5

7.8

6.4

9.2
(－ )

* Since the year-on-year rate of ordinary income from the previous fiscal year is over 1,000%, “-” is indicated.

0.6(8.9%)

7.6* (－ )
4.8

1.5(0.6%)(－ )7.8

Change0.2(2.5%)

5.1- 0.3(- 6.2%)6/50

1. Results for FY2022

Analysis of Changes in Net Sales• Sales increased by 51.4 billion yen due to higher raw material prices and the weaker of yen• Production volumes (weight) declined in Japan due to the impact on automobile production ofsemiconductor shortages and other factors, though rose overseas as economic activity normalized,
realizing a modest overall gain
(Unit: Billions of Yen)

300
Raw material(Aluminum)
price
250

+21.5

Currency
effects

Increasedecrease inproduction
etc.

+18.3

249.5

+11.6
200

198.1
0
Exchange rates

USD

GBP

CNY

THB

FY2021¥109.46¥150.64¥16.96¥3.44

FY2022¥130.52¥161.52¥19.40¥3.72(average during the period)

7/50

1. Results for FY2022

Analysis of Changes in Operating Income
・Profitability turned positive as a result of the benefit of increasing sales
・Labor expenses increased due to a personnel increase at overseas subsidiaries
・Other fixed cost increased due to soaring energy prices in Japan and overseas
15.0(Unit: Billions of Yen)

（Breakdown of currency effect）
・Overseas subsidiaries conversion +0.4
・Effects for import and export+0.2

Depreciation
10.0

+0.4
Increase inproduction
etc.

5.0

Labor
expenses
- 2.8

+13.6

0

Other fixedcosts

Currency
effects

- 3.3

+0.6

(Breakdown of major components
other fix costs)-2.5
・Utility costs
・Supplies expenses -1.0

- 1.5
FY2021-5.0

7.0

FY2022
Exchange rates

USD

GBP

CNY

THB

FY2021¥109.46¥150.64¥16.96¥3.44

FY2022¥130.52¥161.52¥19.40¥3.72(average during the period)

8/50

1. Results for FY2022

Trends in Sales and Operating Income (Consolidated)• Despite sluggish growth primarily in Japan and China from the second quarter,
production volumes finally recovered• Profitability improved in the fourth quarter due to progress in adjusting prices to reflect
the sharp increase in energy and other costs(Unit: Billions of Yen)

(Unit: Billions of Yen)

75

59.2

65.7
52.9 55.0 53.4

3.7

44.6

48.7 48.2 47.3 48.5

2.0
1.1

4.1

2.5
1.2

Sales

0.5

0.9

0.6

0.1

0

0.0
-0.7

-1.2 -1.0

-25

-2.5

-3.8
1Q

2Q

3Q

FY2019

4Q

5.0

2.7

1.7
0.2

-50

57.4 56.2

31.5

25

7.5

1Q

2Q

3Q

FY2020

Sales(left axis)

4Q

1Q

2Q

3Q

FY2021

4Q

1Q

2Q

3Q

4Q

-5.0

FY2022

Operating income (right axis)

9/50

Operating income (loss)

46.2

50

54.0

70.2

1. Results for FY2022

Results by Business Segment
Die Castings: Profitability increased due to benefit of increasing sales, despite soaring energy prices
Builders’ Hardware: Both domestic and overseas sales increased, but profitability decreased due to theappreciation of the Chinese yuan
Printing Equipment: Both domestic and overseas sales increased, and profitability turned positive for the first time
(Unit: Billions of Yen)in 3 fiscal period due to benefit of increasing sales

FY2021

FY2022

Results

Results

Net sales

198.1

249.5

Die
castings

169.9

215.7

Builders’
hardware

9.6

10.1

Printing
equipment

18.4

23.4

Operatingincome

- 1.5

7.0

Die
castings

- 1.4

5.2

Builders’
hardware0.4

0.2

Printing
equipment

- 0.4

1.5

Change51.4(26.0%)
45.8(27.0%)
0.6(6.0%)
5.0(27.3%)
8.5
(－)
6.7
(－)
- 0.1
(- 37.4%)
1.9(－)

Forecasts

Change(Announced on 8/4)

(Announced on 8/4)

248.0
215.0
10.0
23.0
6.4
5.4
0.3
0.7

1.5
(0.6%)
0.7(0.3%)
0.1(1.4%)
0.4(1.8%)
0.6(8.9%)- 0.2(-3.1%)- 0.1(- 24.7%)
0.8(115.4%)10/50

1. Results for FY2022

Consolidated Balance Sheet・Total assets increased by 20.9 billion yen year-on-year, of which 11.5 billion yen was due to theimpact of foreign exchange fluctuations
・Notes and accounts receivable-trade increased by 12.1 billion yen due to benefit of increasing forboth domestic and overseas sales (without currency translation effect)(Unit: Billions of Yen)FY2021

FY2022

ChangeCurrency
Translation
Effect

110.8

114.7

3.9

3.3

0.3

Notes andaccounts
payable—trade

41.6

46.5

4.9

0.8

14.0

1.9

Short-termborrowings

51.0

46.5

-4.5

1.9

0.7

0.0

0.0

Other

18.2

21.7

3.5

0.6

52.5

55.5

3.0

1.9

Non-current liabilities

36.9

41.9

4.9

0.7

3.5

3.6

0.1

0.2

Long-term
borrowings

22.8

27.9

5.1

0.6

Non-current assets

149.8

154.9

5.1

7.3

Other

14.2

14.0

-0.2

0.1

Property, plantand equipment

117.2

123.9

6.8

6.4

111.6

116.1

4.5

0.2

Intangible assets

3.2

2.8

-0.4

0.1

11.3

18.3

7.0

7.4

Investments andother assets

29.5

28.2

-1.3

0.8

Accumulated othercomprehensive
incomeNon-controllinginterests

8.8

9.3

0.5

-

0.0

0.0

0.0

0.0

Total net assets

131.7

143.7

12.0

7.6

279.4

300.3

20.9

11.5

Total liabilities andnet assets

279.4

300.3

20.9

11.5

FY2021

FY2022Current assets

129.6

145.3

Cash anddeposits

28.5

27.3

-1.2

Notes andaccounts
receivable—trade

44.3

58.3

Securities

0.7

Inventories
Other

Deferred assets
Total assets

Change15.8

Exchange rates

Currency
Translation
Effect4.3

Current liabilities

Shareholders’ equity

USD

GBP

CNY

THB

Dec. 31 2021

¥115.02¥155.24¥18.06¥3.43

Dec. 31 2022

¥132.70¥160.00¥19.01¥3.80(as of fiscal-year end)

11/50

1. Results for FY2022

Changing in Cash Flows・ Of the -8.5 billion yen in other operating CF, an increase in working capital due to an increase insales accounted for -9.5 billion yen
・ Of the -15.9 billion yen in investment CF, expenditures in the overseas die castings businessaccounted for -12.0 billion yen(Unit: Billions of yen)Free CF +0.9
Operating CF +16.8

Investment CF-15.9

Finance CF -2.9

Capitalinvestment-16.9
Depreciation

Other
-8.5

Exchange
conversion

Borrowing
etc.

+18.3

-1.7

27.4

Net
incomebeforeincome
tax

Other
+1.0

+0.6
Dividends
etc.
-1.1

26.1

+7.0

12/50

2. Forecasts for the Fiscal Year Ending
December 31, 2023

2. Forecasts for FY2023

Forecasts
・Gradual economic recovery is expected to drive year-on-year sales growth, althoughsupply chain disruptions and a sharp increase in energy and material prices remain
as concerns
・Profitability is expected to be around the same as in FY2022 due to increases in
fixed and other costs
・Expected exchange rate: USD @¥125, CNY @¥18.5(Unit: Billions of Yen)FY2022

Results

Net sales

Operating income

Ordinary income
Net income
attributable toowners of parent

FY2023

Forecasts

Change

249.5

266.0

16.5
(6.6%)

7.0

7.5

0.5
(7.6%)

7.4-0.4(-5.0%)

5.5

0.7(15.0%)

7.8
4.8

14/50

2. Forecasts for FY2023

Forecasts by Business Segment
Die Castings: Sales and profitability increase due to slightly recover the automotive production from parts shortage
Builders’ Hardware: Both domestic and overseas sales increase, and profitability increase as a result of the benefit
of increasing sales
Printing Equipment: Sales remains on stable level, but profitability decline due to rising raw material prices(Unit: Billions of Yen)FY2022
Results

FY2023
Forecasts

Net sales

249.5

266.0

Die castings

215.7

231.7

Builders’
hardware

10.1

11.0

Printing
equipment

23.4

23.3

Operating income

7.0

7.5

Die castings

5.2

6.5

Builders’
hardware0.2

0.3

Printing
equipment

1.5

0.7

Change16.5(6.6%)

16.0(7.4%)

0.9(8.4%)- 0.1(- 0.5%)0.5(7.6%)

1.3(24.2%)

0.1(32.3%)- 0.8(- 53.5%)

15/50

2. Forecasts for FY2023

Trends in Sales and Operating Income (Die Castings)• In the first half of 2023, domestic automobile production volume decline year-on-year due to the
influence of parts shortage etc.
• Since second half, situation slightly improve, and sales and profitability increase year-on-year(Unit: Billions of Yen)

(Unit: Billions of Yen)

15

150
117.6
95.3

90.7

81.2

82.1

87.8

119.3

98.2

10

64.6

Sales

50

4.4

4.5

4.1

3.2
1.9

5

2.0

1.2

0

0
-0.4

-1.1

-3.5

-50
First
half

Secondhalf

FY2019First
half

Secondhalf

FY2020
Sales(left axis)

First
half

Secondhalf

FY2021First
half

Secondhalf

FY2022

Operating income(right axis)

First
half

Secondhalf-5

FY2023

16/50

Operating income (loss)

100

112.4

2. Forecasts for FY2023

Analysis of Changes in Operating Income Forecast

・Despite sales growth, minimal operating income growth is expected due to cost increases
・ Labor expenses will increase due to wage hikes in Japan and overseas, and the expanded
overseas staff
・Other fixed costs will increase with rising energy prices and higher production volumes(Unit: Billions of Yen)

20

Sales
increase
etc.

10

+6.5

Depreciation
+0.3
Labor
expenses

Other fixed
costs

-3.5
7.0

-2.8

7.5

0

Exchange rates

USD

GBP

CNY

THB

FY2022¥130.52¥161.52¥19.40¥3.72

FY2023 (Forecast)¥125.00¥155.00¥18.50¥3.60(average during the period)

Annual impact of yen appreciation
on operating income (1% higher
than forecasts)
USD
GBP
CNY

- ¥60 million- ¥10 million+ ¥40 million

17/50

2. Forecasts for FY2023

Trends in Capital Expenditure and Depreciation
・For FY2023, investment is expected to be 18.0 billion yen and depreciation is expected to be 18.0
billion yen
・Capital expenditure will be within depreciation as our plan

25

24.8

(Unit: Billions of Yen)

20

17.4
15.4

17.2

16.4

15

18.6 18.3

18.0 18.0

17.5 17.5

17.2

13.0
24.1

10
14.5

16.5 15.4

16.4

14.2

12.5

5

0

FY2019FY2020

FY2021

FY2022

Die Castings

Builders' Hardware

Printing Equipment

FY2023
Forecast

Other

18/50

2. Forecasts for FY2023

Trends in Interest-Bearing Debt and D/E Ratio
・Interest-bearing debt at the end of FY2023 is expected to be 70.0 billion yen
・Target of D/E Ratio is under 0.5 times(Unit: Billions of Yen)

(Unit: Times)

100

1.0
86.5
81.9

80

0.85

74.2

0.79

72.5

70.3
0.69

61.9

60

FY Mar.
2016

FY Mar.
2017

FY Mar.
2018

FY2018

0.60
0.55

0.51
FY2019Interest-Bearing Debt(left axis)

Borrowing dependence(Interest-bearing
debt/total assets)

0.6

0.62

0.61

FY Mar.
2015

70.0

61.9

0.53

400

73.8

0.8

74.4

0.51
FY2020

FY2021

FY2022

FY2023
Forecast

0.4
0

D/E Ratio(right axis)

FY Mar.
2015

FY Mar.
2016

FY Mar.
2017

FY Mar.
2018

FY2018FY2019FY2020

FY2021

FY2022

FY2023
Forecast

32.3%

30.9%

28.2%

25.8%

23.0%

23.5%

28.0%

26.4%

24.8%

23.3%
19/50

3. Status by Business Segment

3. Status by Business Segment- (1) Die Castings

Trends in the Production Weight of Die Castings

Trends in the Production Weight (FY2019 - FY2023)
・Domestic production of 1QTR of FY2023 decrease comparing with 4QTR of FY2022
・ Production will be slightly recovered since 2QTR of FY2023, and production in FY2023(consolidated) will exceed FY2019
Consolidated(Unit：t)80,000Consolidated(left axis)

Japan(right axis)

Americas(right axis)

U.K.(right axis)

China(right axis)

Thailand(right axis)

By Region(Unit：t)40,000Consolidated

60,00030,000Japan

40,00020,00010,000

China
U.K.

0

20,000Americas

1Q

2Q

3Q

FY2019

4Q

1Q

2Q

3Q

FY2020

4Q

1Q

2Q

Thailand3Q

FY2021

4Q

1Q

2Q

3Q

FY2022

4Q

1Q

2Q

3Q

FY2023

4Q

0

0
21/50

3. Status by Business Segment- (1) Die Castings

Die Castings
Forecast of Sales and Operating Income(Unit: Billions of Yen)

(Unit: Billions of Yen)

250

231.7

25

215.7
200

20
169.9

150

15

100

10
5.2

50

Situation by Region in FY2023(Japan)Production volume of 1QTR slightly decline due toparts shortage, and full year sales a little bitincrease year-on-year(Americas)
Production and sales increase due to mathproduction of new model
Labor expenses increase due to a personnel increase
and rise of wages(U.K.)
Sales increase due to increasing of production
Proceed offset soaring energy prices to sales prices(China)Gradually recover the impact of China’s lockdown

6.5(Unit: Billions of Yen)

5

Sales
0

0
-1.5

(50)

-5
FY2021
Sales(left axis)

FY2022

FY2023
Forecast

Operating income(right axis)

Japan
Americas
EuropeChina
ThailandFY2021
86.4
31.4
10.6
34.6
6.8

FY2022
93.0
58.2
13.0
42.6
8.9

FY2023
Forecast
93.8
63.2
17.1
48.6
9.0
22/50

3. Status by Business Segment- (1) Die Castings

Die Castings

Number of Automobile Sold and Change of Power Train Mix• Automobile sales forecast has been almost same as previous our forecast
New automobile sales is expected to increase up to around 2040
• Surely proceed to BEV (percentage of BEV in 2035 is 54%)
• Transmission and engine parts will shrink, but as body/chassis (weight reduction parts), andelectrification parts (for HEV & BEV) sales will increase, therefore we expect demand of die
casting will increase

Sales volume base

As of Oct. 2022

Key countries: Japan, U.S.A., Europe, China, India

Outlook on Die Casting Demand（Total weight of Key countries）

Outlook on Power Train Mix(Number of automobiles soldof Key countries)
6100

Unit: 1 million t

Unit: 1 million vehicles

90

FCV

80
70

5

Body/Chassis
4

BEV

60
50

54%

3

40

Transmission
parts

Electrification/
Drive parts

2

30
20

HEV&PHEVEngine1

Other
Engine parts

10
0
2015

2020

2025

2030

2035

2040

0
2015

2020

2025

2030

2035

2040
23/50

3. Status by Business Segment- (1) Die Castings

Die Castings

Outlook on Die Casting Demand- Our opportunities in the shift to electrification Example for weight reduction and electrification parts
Weight reduction
Height190

Electrification

Unit: mm

355

500

530

340

300
140
300

94

520
830

250

Subframe

KnuckleeAxle case

Volume of use for die casting by power sourcePowersourceFY2022（Kg / unit）Ryobi’s forecast

76

BEV
A-B*
33

BEV
C-D*
39

BEV
E-F*
55

64

76

33

53

65

62

76

32

59

68

Engine

PHEV64

FY2035FY2040

BEV size in 2030-2035 by regionJapan

A-B segment is 60%

U.S.A.

C segment and over is 90%

China

C segment and over is 80%

EuropeC segment and over is 70%

Battery case

RL proactively propose
to customers to adopt
the weight reductionand electrification parts,
leveraging thecharacteristics ofaluminum die castings,
which are light weight,
corrosion resistance,sustainable materials

Ryobi’s forecast

・Volume of use in PHEVs will not increase, buthigher than in engine-driven vehicles
・In the C-D segment of BEVs, figures relative to 2022
are projected to be +14 kg in 2035 and +20 kg in
2040* A-B segment
C-D segment
E-F segment：Small & Compact size
：Medium size
：Executive & Full size

・The C segment and over dominates the BEV size mix
in regions other than Japan・In Japan, rational electrification centering on HEVs
will advance, but the shift toward BEVs is slow
(proportion of BEVs at around 35%)
24/50

3. Status by Business Segment- (1) Die Castings

Die Castings

Outlook on Die Casting Demand- Our opportunities in the shift to electrification -•Use of die castings in BEVs will increase due to the characteristics of aluminum
die castings (light weight, corrosion resistance, sustainable materials etc.)• Shift to electrification of automobiles remains a tailwind for our die castingsbusiness
Volume of use for die casting by power source in 2022, 2035, 2040
(Ryobi’s forecast)
FY2022
Power source

E/G

[A]
Volume of use
64
for Die casting(unit: kg / unit)[B]
Number of sales
37.50
for key countries(Unit: 1 million vehicles)[A x B]
Total weight of use(Unit: thousand t)
Total weight of use(Unit: thousand t)
Compare with 2022 (% )2,400

FY2035FY2040

PHEV

BEV
C-D

BEV
E-F

E/G

PHEV

BEV
C-D

BEV
E-F

E/G

PHEV

BEV
C-D

BEV
E-F

76

39

55

64

76

53

65

62

76

59

68

2.27

4.03

0.39

6.35 10.92 27.29

7.37

4.02 10.22 30.70

8.27

174

155

21

404

480

250

565

834 1,443

775 1,803

2,751

3,160

3,393

-

+ 15%

+ 23%
E/G: Engine

25/50

3. Status by Business Segment- (1) Die Castings

Die Castings

Initiatives for Weight Reduction and Electrification - Sales contribution of strategic products ••Orders of weight reduction and electrification components are steadyWeight reduction and electrification components accounted for approximately 78%
of new orders in the FY2022 (FY2020: 38%, FY2021: 55%)

Trends in sales share by die casting parts category
Body / Chassis

Electrification

Transmission

Engine

Other

■4.3%
■2.9%
■■Total

5.3%■■Total■■Total

7.2%■■Total

15.4%
FY2020

FY2021

10.3%
5.0%
FY2022■■Total

24%

15%

41%

9%
FY2023
Forecast

FY2027
Forecast
26/50

3. Status by Business Segment- (1) Die Castings

Die Castings

Initiatives for Weight Reduction and Electrification - Trends in sales by customer ••Sales to Japanese customer A grew by 154% in 2022 from 2019 due to increased
adoption of weight reduction and electrification components
Sales to Japanese customer B grew by 153% from 2019

(Unit: Billions of Yen)

Trends in sales by main customers

240

180

120

Against
2019
+35%

60

Against
2019
+48%

+153%

+274%

+154%

+272%

0
FY2019Japanese customer A
Japanese customer C
American customer E
European customer G

FY2020

FY2021

FY2022

FY2023

Japanese customer B
Japanese customer D
American customer F
Consolidated sales for Die castings(right axis)
27 /503. Status by Business Segment- (1) Die Castings

Die Castings

Initiatives for Weight Reduction and Electrification- Trends in sales by customer (excluding the effect of foreign exchange fluctuation and raw materials)Sales to Japanese customer A and B approximately doubled, far outpacing
production growth at these customers, even excluding the effects of foreignexchange fluctuations and raw materials
Sales to American customer E are expected to grow significantly with the launch ofmass production of components for BEVs••

－Rate of change for automobile production －Rate of change for Ryobi’s sales volume
200%

200% Japanese customer B

50%

100%

100%

25%

0%

0%

0%

Japanese customer A-100%

FY2019FY2020

FY2021

FY2022

FY2023-100%

FY2019FY2020

FY2021

FY2022* Rate of change in all graph assume 2019 as the baseline* Production units are figures published by the companies and Ryobi’s estimates

FY2023-25%

American customer E

FY2019FY2020

FY2021

FY2022

FY202328 /503. Status by Business Segment- (1) Die Castings

Die Castings

Initiatives for Weight Reduction and Electrification - Orders received for Strategic Products -Orders for strategic products remain steady

SUBARU Crosstrek

HONDA Honda e

MITSUBISHI Outlander PHEVSUZUKI Spacia

TOYOTA Lexus RX

SAIC-General Motors
Velite 6 PHEVTOYOTA Mirai FCVHONDA Civic

Stellantis Peugeot 308
PHEV

Geely XingYue L Hybrid

TOYOTA Land Cruiser 300

SUBARU Impreza Hybrid

NISSAN Ariya

TOYOTA RAV4 Hybrid

Mazda CX-60

MITSUBISHI Eclipse Cross PHEV

Planned future production initiatives
Product description
Steering knuckle
Body / Chassis parts Shock tower
Subframe
HEV inverter case
HEV converter case
HEV motor housing

Mazda MX-30 EV

The above models equipped with Ryobi produced body / chassis
parts (weight reduction parts) or electrification parts

Current mass-production initiatives (within 1 year)
Product description

HEV case generator

Steering parts

HEV transmission housing
Electrification parts

HEV battery case
PHEV transmission case

Body / Chassis parts

Shock tower
Subframe

BEV battery charger case/cover

Cowl top panel

BEV eAxle housing

HEV transmission case

BEV eAxle end cover
BEV compressor housing

Electrification parts

PHEV battery case
PHEV transmission case29 /503. Status by Business Segment- (1) Die Castings

Die Castings

Strength of Ryobi’s Die Castings Business
Development support and integrated production system

Developed a proprietary, integrated production system spanning product development support,
prototyping, die design and fabrication, casting, machining and assembly

Product development
and prototyping
Die designDiefabrication

Supporting

Designers, die

We design dies using

customers throughengineers, and

CAD/CAM systems

technology

casting engineers

and create automatic

proposals from thework as a team tomachining programs

early development

analyze diesfor die machining

stagesequipment

Global production structure

Casting
A molten aluminumalloy is injected at highspeed and highpressure into the die ofthe casting machine,where it is instantly

Machining
and assembly

Qualityinspection

Cast products are thenWe have introduced anmachined, surface-automatic appearance

treated, andinspection system toassembled as

improve quality byrequested by customer

eliminating inconsistencies
in accuracy caused byshaped into form

manual inspections

Manufacturing bases established in six countries supply die casting products to customers around the world
U.S.A.

MexicoU.K.

China, Dalian

China, Changzhou

ThailandRYOBI DIECASTING (USA),
INC.

RDCM, S. DE R.L.
DE C.V.

RYOBI ALUMINIUMCASTING (UK),
LIMITEDRYOBI DIECASTING DALIAN
CO., LTD.

RYOBI DIE CASTING
RYOBI DIE CASTINGCHANGZHOU CO., LTD. (THAILAND) CO., LTD.

30/50

3. Status by Business Segment- (1) Die Castings

Die Castings

Strength of Ryobi’s Die Castings business
Trade with OEMs around the world free of “Keiretsu” trade
Appreciation for our technological capabilities, quality, and other traits allows us to cater globally tocustomers around the world without skews toward any particular automobile manufacturer “Keiretsu”
•
•
•
•
•

AISIN
Isuzu Motors
JATCO
Suzuki Motor
Stellantis

•
•
•
•
•

Geely Automobile
SUBARU
General Motors
Daihatsu Motor
Toyota Motor

•
•
•
•
•

NISSAN Motor
HINO Motors
Hyundai Motor
Ford Motor
Volkswagen• HONDA Motor• Mazda Motor• MITSUBISHI Motors
and others

Confidence in our productivity and high regard for our quality from global customers
Initiatives targeting productivity improvements, global cost reductions, quality improvements, etc. havebeen recognized by customers around the world
Examples of awards in 2022
Project award
From Toyota

Most cooperation award
from Volkswagen
Automatic Transmission

Quality gold award
from SAIC
General Motors

Project award
From Toyota

31/50

3. Status by Business Segment- (2) Builders’ Hardware

Builders’ Hardware

Outlook on the Domestic Builders’ Hardware Market
New residential housing starts and non-residential floor space are both expected to remain
at around 850 thousand units and 46 million m2, respectively, from 2022 onward(Unit: Thousands)(Unit: Million of m2)

1,200

60

52
49

1,000
946

47

866

860

44

953
884

800

48

812

46

46

46

850

850

850

50

40

New residential housing starts(left axis)
600

400
0

Floor space of newly constructed buildings(non-residential purpose)(right axis)

FY2017FY2018FY2019FY2020

FY2021

FY2022

FY2023 FY2024 FY2025
Forecast Forecast Forecast

30

Floor space of newly constructedbuildings(non-residential purpose)

New residential housing starts

53

200

Source: Ministry of Land, Infrastructure, Transport and Tourism(figures for 2023 and later are Ryobi’s forecasts)
32/50

3. Status by Business Segment- (2) Builders’ Hardware

Builders’ Hardware
The Business Environment
 In Japan, floor space for newly
constructed buildings (non-residential
purpose) and the number of newresidential housing starts both remainflat Surges in raw material prices
 Growing demand for non-contact
devices in the living environment field Over the long term, gradual shrinkage
anticipated for domestic door closer
and sliding door closer markets

Forecast of Sales and Operating Income（Unit : Billions of Yen ）

12

9.6

 Expand share in the Japanese market
 Expand sales of high-value-added
products
 Sales prices increase Expand sales in overseas markets

1.2

11.0

10.1

8
4

0.8
0.4

0.2

0.3

0

0.4
0

FY2021

Sales(left axis)

Main Initiatives（Unit : Billions of Yen ）FY2022

FY2023
Forecast

Operatin income(right axis)

Performance Summary
 (FY2022) Sales increased both in Japanand overseas
Profitability declined despite cost
reduction due to higher procurement
costs caused by the appreciation of theChinese yuan
 (FY2023) Sales are expected to increase
both domestically and overseas
Profitability increase due to higher sales
33/50

3. Status by Business Segment- (2) Builders’ Hardware

Builders’ Hardware

Situation of Market Share
Market share in domestic market

Source: Ryobi’s forecast

100%
Market share

Competitor B
50%
60

60

61

61

62

66

68

74

75

Competitor A
Ryobi

0%
FY Mar. FY Mar. FY Mar. FY Mar. FY2018 FY2019 FY2020 FY2021 FY2022
2015
2016
2017
2018
•
•
•
•
•

Our current market share isapproximately 75%
We are leveraging our high market
share to secure stable sales
In March 2021, Competitor B
withdrew from the door closer
business
Our market share further increase
Ryobi’s share in the building
market is approximately 80% in
the Tokyo metropolitan area andapproximately 70% in the Kansai
area

Examples of properties whereadopting our products in FY2022

KIOXIA
Kitakami plant
Iwate Prefecture, Japan

Umekita 2nd Project
Osaka Prefecture, Japan 34/50

3. Status by Business Segment- (2) Builders’ Hardware

Builders’ Hardware

Initiatives to Expand Sales of Strategic Products- Improve recognition of strategic products and enhance functions GEOPRO series pivot hinge GP-18
that supports door weights up to
180 kg for commercial facilities andoffice buildings

RUCAD: electrically operated door controller
linked to various activated devices

Approximate dimensions(measured values)
W108×D75×H35 mm
Approximate dimensions(measured values)
W200×D80×H120 mm

Enables contactless door opening and closing in avariety of situations by IC cards and face recognition
devices etc.

GC-6V, a concealed door closer is capableof easily opening and securely closing
even a large door
Installation image

Approximate
dimensions(body)
W367×D40×H68 mm

35/50

3. Status by Business Segment- (3) Printing Equipment

Printing Equipment

Forecast of the Global Sheet-fed Printing Press Market (All Sizes)

The market, which has shrunk due to COVID-19, is generally on arecovery trend（Unit：Billions of Yen）
600

Forecast of the Global Sheet-fed Printing Press Market (All Sizes)
500

494

482

491

507
481

480

497

410
400

202

212

222

229
230

230

235

Market size

205

300

200
292

100

270

269

278

251

250

262

2021

2022

205

Digital press
Sheet-fed offset press

0
2015

2016

2017

2018

Source: Estimated by RYOBI MHI Graphic Technology Ltd. based on
financial results materials disclosed by manufactures (as of Dec. 2022)

2019

2020

2023
Forecast
36/50

3. Status by Business Segment- (3) Printing Equipment

Printing Equipment
The Business Environment
 Demand for automation and labor saving
due to shortage of manpower and aging ofprinting press operators
 Sales of presses for packaging printing aresteady Decrease in paper supply and sharp rise in
prices lead to shift away from printing
 After 2008 financial crisis and the COVID19 pandemic, the number of printing
equipment manufacturer has decreased (2Japanese and 3 German companies)→ A certain level of income can be
expected as a survivor

Main Initiatives
 Collaboration with participating companies
and new businesses through the RMGT
consortium Development of automation, labor saving,
and assist functions for printing presses Increasing orders for flagship models andimproving price competitiveness throughcost reductions
 Strengthen sales of press models for
package printing
 Passing on higher raw material prices toselling prices

Forecast of Sales and Operating Income（Unit ：Billions of Yen）

（Unit : Billions of Yen）

30

3

23.4
20

23.3

18.4

2

1.5

10

0.7
(10.0)(10.7)(10.6)

00
FY2021

(10)

1

-0.4
Sales(left axis)

FY2022

FY2023
Forecast

Operating income(right axis)-1※Figures in parentheses indicate exports in sales

Performance Summary
 (FY2022) Domestic sales increased due topromotion of capital investment throughsubsidies, and overseas demand recovery
Profitability turned positive due to sales
increase
 (FY2023) Sales are expected to remain largely
flat both domestically and overseas
Profitability is expected to decline due to theeffects of soaring raw material prices, andother factors
37/50

Printing Equipment

3. Status by Business Segment- (3) Printing Equipment

Collaboration Based on the RMGT Consortium
At this point, 38 companies have expressed agreement with the philosophy
and participate in the RMGT Consortium to make proposals leveraging thestrengths of participating companies.
(Results of initiatives since establishment)• Support from 38 companies at the time of this earnings briefing
meeting•••

Won new business deals for peripheral equipment; inquiries about
products in other lines of business
Partnership proposals to address customer issues
New themes for co-creation explored by participating companies（Examples of areas targeted by the alliance）
Process
coordination

Automation
Labor saving• Visualization and analysis of printing status• Strengthening process coordination• Progress management for production processes
and automatic scheduling• Automation of / labor savings in printing processes• Automation of / labor savings in pre-press and postpress processes• Operator assistance

Maintenance• Predictive maintenance• Remote maintenance system

Environment• Environmental impact reduction• Improvements in the work environment

38/50

3. Status by Business Segment- (3) Printing Equipment

Printing Equipment

Topics of Printing Equipment

Construction of 3rd factory

Exhibit at IGAS (Nov. 2022)

Striving to optimize production systems andimprove productivity by consolidating
scattered factories through additional factory
construction on land adjacent to RMGT No. 1
and No. 2 factories.

Introduced an example of a smart factory bylinking the RMGT970 model printing
equipment and equipment belonging to RMGT
consortium companies.

：Fuchu City, Hiroshima Prefecture• Location• Facility use ：Assembly of a sheetfed offset press•Construction started：Jan. 2023
•Scheduled for completion：Oct. 2023
•Total floor area：4.4 thousand ｍ2（Total floor area 1st factory：10.0 thousand m2、2nd factory：19.3 thousand m2)•••

Visualizing press production status and results
across entire printing factory, including pre-press
and post-press processes
Labor reductions achieved for sheet transport by
the “Nipper” automated guided vehicle
Labor reductions achieved via printing plate
supply system
39/50

4. Sustainability ESG/SDGs

4. Sustainability ESG/SDGs

Sustainability ESG/SDGs
Initiative to Environment
FY2022 Environmental Targets
・Achieve carbon neutrality by 2050
・Curb CO2 emissions from domestic and overseas
bases by 47% from the FY2018 level by 2030 *Target curb the volume of CO2 emission by 2050

Major measures to become carbon neutral•

Promote the introduction of energysaving equipment•

Use of renewable energy (solar,hydro-electric, etc.)•

Control of combustion process inmelting of aluminum alloys•

Switch to non-fossil energy(hydrogen, ammonia, etc.)

Traditional reduction image

47% reduction* Scope1 + Scope 2

2018

2030

430kt-CO2

226kt-CO2

2050* CO2 emissions are absolute amounts for Scopes 1 and 2
41/50

4. Sustainability ESG/SDGs

Sustainability ESG/SDGs
Implementation of “ESG/SDGs Assessment Loan” (*1)
Received positive assessment of progress on ESG/SDGs issues and othermatters by the Japan Research Institute, Limited when raising funds inAugust 2022 and received AA (*2) overall rating
Priority initiatives and performance indicators for this assessment
loan (excerpt)*1 Loan product in which a company’s ESG initiatives and disclosure and contributions to achieving SDGs (sustainable development goals) are assessed
based on proprietary assessment standards developed by the Sumitomo Mitsui Banking Corporation and the Japan Research Institute, Limited; current
analysis of the suitability of these initiatives and disclosure, future issues, and examples of initiatives to tackle those challenges are offered as feedback*2 Second-highest rating in The Japan Research Institute, Limited’s seven-grade scale
42/50
In details: https://www.smbc.co.jp/hojin/financing/sustainable/pdf/220831_08.pdf (Japanese only)4. Sustainability ESG/SDGs

Sustainability ESG/SDGs
Initiative of Overseas Subsidiaries
Various initiatives were pursued to maintain or strengthen relationships
with local communities and to create sustainable societies
U.S.A.

Thailand

Ryobi Die Casting (USA), Inc.

Ryobi Die Casting（Thailand）Co., Ltd.

Donation of clothing to children

Tree planting activities

Provided coats to children needing clothes with winterapproaching

Contributed to local community
through education
Conducted study tour for local high school students
STEM* education for elementary school girls
provided by female employees

Participated in tree planting activity
sponsored by industrial park

Food donations
Donated food to 18 establishments(kindergartens and elementary schools)
around the industrial park

* Education system targeting the development of internationally competitive human resources through a focus on Science,
Technology, Engineering, and Mathematics education

43/50

4. Sustainability ESG/SDGs

Sustainability ESG/SDGs
Topics of Sustainability
Partnership Building Declaration (S)Health & Productivity Management* (S)We, Ryobi, declared in March 2022 in order tobuild new partnerships through cooperation, coexistence and mutual prosperity with our supply
chain business partners and other value-creating
suppliers, we will make concerted efforts to beproactive about the following and others.

The Ministry of Economy, Trade and Industry(METI) announced in March 2022, the Nippon
Kenko Kaigi has recognized 2,299 organizations
under the large enterprise category. We, Ryobi,
has been recognized as “Certified Health &Productivity Management” for three consecutive
years.

• Co-existence and mutual prosperity throughout the
supply chain• Compliance with the “Promotion Standards”(the “Promotion Standards” established under the Act
on the Promotion of Subcontracting Small andMedium-sized Enterprises)* METI is promoting “Health and Productivity Management,” considering
health management of employees from a corporate management
perspective and implementing it strategically.

Preparation for TCFD (E)New director (S/G)

We, Ryobi, launched the internal project
team in October 2022, and are preparing todisclose in the Integrated Report being
issued in June 2023

Candidate for new director (Scheduled for Mar. 29, 2023)
Name : Mami Ito
Current position : CEO & President of Nihon
Dento Kougyo Co., Ltd.
New position : Independent outside director(She will be the first female member of the board of Ryobi Limited.)

44/50

5. Shareholder Returns

5. Shareholder Returns

Shareholder Returns
Trends in Dividends per Share and Dividend Payout Ratio(Unit: Yen)

(Unit: %)

100

60
46.1
30.4

50

29.4

30

Dividend Policy Ryobi’s basic policy for profit distribution is tomaintain a stable return of profits to shareholders
while securing funds for growth investment alongwith a medium- to long-term improvement inconsolidated operating performance.
 Along with giving due consideration to maintaining
a stable stream of dividends, the amount ofshareholder returns is determined in light ofprevailing conditions, with an eye to achieving adividend payout ratio of around 30%.

70
45

50

FY2022

FY2023
Forecast

Status of Dividends

200FY2019FY2020

FY2021Dividends per share(left axix)
Dividend payout ratio(right axis)

00

 We decide dividends for FY2022 to increase
5 yen more than our forecasts, based on thisyear’s performance, financial position, andother factors. As the result, annual
dividends will be 45 yen, which is 25 yen
higher than last year.
 Dividends of 50 yen per share (annual
dividend) are planned for FY2023.

FY2019FY2020

FY2021

FY2022

FY2023
Forecast

FY2024
Forecast

Dividends
per share

¥70

¥0

¥20

¥45

¥50

Dividend
payout ratio

46.1%

－

－

30.4%

29.4%

Dividend
payoutratio ofaround 30%

46/50

Disclaimer
This material contains future projections regarding such factors as Ryobi’s business plans,
strategies, and operating results.
Said projections reflect Ryobi’s judgements based on information available at the timeof preparation, and therefore, involve inherent risks and uncertainties.
Ryobi’s actual endeavors and operating results may differ from these projections due
to economic conditions, the business environment, trends in market demand, changes inexchange rates, and other factors.

The unauthorized copying or replication of the content, text, or images presented in this pamphlet is strictly prohibited.
47/50

Appendix
Net Sales By Region
Japan

China

RYOBI LIMITEDRYOBI MIRASAKA CO.
RYOBI MITSUGI CO.
TOKYO LIGHT ALLOY CO., LTD. Etc.

RYOBI DIE CASTING DALIAN CO., LTD.
RYOBI DIE CASTING CHANGZHOU CO., LTD.

31.9 33.0 34.6 42.6

(Unit: Billions of Yen)

48.6

FY2019 FY2020 FY2021 FY2022 FY2023
Forecast

93.0

FY201971.7 86.4 93.0 93.8

FY2020 FY2021 FY2022 FY2023
Forecast

RYOBI DIECASTING (USA), INC.

RDCM, S. DE
R.L.DE C.V.
(Mexico)Americas

U.K.
RYOBI ALUMINIUMCASTING (UK), LIMITED

11.4

9.5

FY2019 FY2020

ThailandRYOBI DIE CASTING(THAILAND) CO., LTD.

10.6 13.0 17.1
FY2021 FY2022

FY2023
Forecast

5.7

4.3

6.8

FY2019 FY2020 FY2021

8.9

9.0

FY2022 FY2023
Forecast

43.9
FY201958.2 63.2
27.5 31.4
FY2020 FY2021 FY2022 FY2023
Forecast

49/50/50

Appendix
Capital Expenditure by Region
Japan
China
RYOBI DIE CASTING DALIAN CO., LTD.
RYOBI DIE CASTING CHANGZHOU CO., LTD.

6.0
FY2019

3.9

4.0

3.4

FY2020

FY2021

FY2022(Unit: Billions of Yen)

RYOBI LIMITEDRYOBI MIRASAKA CO.
RYOBI MITSUGI CO.
TOKYO LIGHT ALLOY CO., LTD. Etc.

13.0

2.0
FY2023
Forecast

6.3
FY2019FY20204.3
FY2021

6.5

6.4

FY2022

FY2023
Forecast

RYOBI DIECASTING (USA), INC.

RDCM, S. DE R.L. DE C.V.
(Mexico)U.K.

Americas

RYOBI ALUMINIUMCASTING (UK), LIMITED

0.3

FY20190.3

FY20201.0

FY2021

1.2
FY2022ThailandRYOBI DIE CASTING(THAILAND) CO., LTD.

0.3

FY2023
Forecast

1.2
FY20192.3
FY2020

1.1

1.2

1.0

FY2021

FY2022

FY2023
Forecast

3.6

3.7

FY2019FY20202.1
FY20215.2

4.5

FY2022

FY2023
Forecast

50/50/50