Consolidated Financial Results
for the Three Months Ended March 31, 2021
(Japanese GAAP)May 13, 2021

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 Finance Department
Phone: +81-3-3501-0511
Scheduled date to submit the Quarterly Securities Report : May 13, 2021
Date of scheduled payment of dividend : －Presentation Meeting : No1.

(Any amount less than one million is disregarded.)

Consolidated Financial Results for the Three Months Ended March 31, 2021
(From January 1, 2021 to March 31, 2021)(1) Consolidated Results of Operations(% indicates changes from the previous fiscal year.)Net sales
Millions of yen
Three months ended
March 31,2021

Operating profit% Millions of yen

48,2354.4639Ordinary profit% Millions of yen

157.1

1,038

Three months ended
46,208
248
225
-22.0
-93.2
March 31,2020(Note) Comprehensive income: Three months ended March 31, 2021: 6,429 million yen [－%]
(Note) Comprehensive income: Three months ended March 31, 2020: -3,471 million yen [－%]

Profit attributable toowners of parent% Millions of yen%

360.6

827－-93.8

23-99.2

Fully diluted profit
per share
Yen
YenProfit per share
Three months ended
March 31, 2021

25.56

–

Three months ended
0.73–
March 31, 2020
*Since the year-on-year rate of profit attributable to owners of parent from the corresponding period of the previous fiscal year is over
1,000%, “-” is indicated.

(2) Consolidated Financial Position
Shareholders'equity ratioTotal assets

Net assets

Millions of yen

Millions of yen%

As of March 31, 2021

269,397

132,340

45.9

As of December 31, 2020

258,660

125,930

45.3(Reference) Shareholders' Equity: As of March 31, 2021 : 123,588 million yen(Reference) Shareholders' Equity: As of December 31, 2020 : 117,147 million yen-1-2.

Dividends
Cash dividends per share
End of 1Q End of 2Q End of 3Q Year-end
Yen
Yen
Yen
Yen
FY December 2020–

FY December 2021

–FY December 2021
(Forecast)

AnnualYen

0.00

–

0.00

0.00

10.00

–

25.00

35.00

(Reference) Correction from the dividend forecast, which is published in the most recent: No3.

Forecast of Consolidated Financial Results for the Fiscal Year Ending December 31, 2021
(From January 1, 2021 to December 31, 2021)(% indicates percentage changes as compared with the previous corresponding fiscal period or fiscal year, as applicable.)
Profit attributable toNet sales
Operating profit
Ordinary profit
Profit per shareowners of parent
Millions of yen
Millions of yen
Millions of yen%% Millions of yen%%Yen
First Half93,500

20.3500–500–300–

9.27

Full year

198,000

15.8

5,500–

5,500–

4,300–

132.84(Reference) Correction from the consolidated forecast, which is published in the most recent: No＊Notes(1) Significant changes of companies during the fiscal year ended March 31, 2021 (changes in specific companies involving changes
in the scope of consolidation): Not applicable
New Company: －Excluded companies: －(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 (includingtreasury stock)

As of March 31, 2021

32,646,143

As of December 31, 2020

32,646,143

2) Treasury stock

As of March 31, 2021

277,302

As of December 31, 2020

277,298

3) Average shares outstanding
during the period

Three months ended
March 31, 2021

32,368,844Three months ended
March 31, 2020

32,368,970* These consolidated quarterly financial results are outside the scope of quarterly review.
* Explanation for the appropriate use of performance forecasts and other special notes:
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 commitmentby the Company. Therefore, there might be cases in which actual results differ from forecast values.

-2-Comparative Balance Sheets (Consolidated)(Millions of yen)
December 31, 2020

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - tradeSecurities
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
OtherAllowance for doubtful accounts
Total investments and other assets
Total non-current assets
Deferred assets
Bond issuance costs
Total deferred assets
Total assets-3-March 31, 2021

26,56640,157759
15,353
12,32013,7143,379(32)
112,218

28,64940,669764
15,78913,167
14,8394,252(18)118,11332,74150,334
15,964
14,323
5,595
118,959

34,32354,315
15,731
11,2606,024
121,654

3,482
3,482

3,469
3,469

14,3969,658(63)
23,991
146,432

15,998
10,219(63)
26,154
151,27888
258,660

55269,397

Comparative Balance Sheets (Consolidated)(Millions of yen)
December 31, 2020

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
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-March 31, 2021

29,11525,595
4,600
7,110
476
390
16,601
83,89031,33427,292
4,300
7,696
485
1,113
16,09488,3161,500
33,6708,055
5,613
48,839132,730

1,500
32,901
8,064
6,273
48,739137,056

18,472
21,861
76,309(346)
116,295

18,472
21,867
77,136(346)
117,130

4,733
810(3,814)
(877)
852
8,782
125,930
258,660

5,737
810
677(766)
6,458
8,751
132,340
269,397

Comparative Statements of Income (Consolidated)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Rental income
Foreign exchange gains
Share of profit of entities accounted for using equity
methodUsage income of trademark
Subsidy income
OtherTotal non-operating income
Non-operating expenses
Interest expenses
Depreciation
Other
Total non-operating expenses
Ordinary profit
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 shares of subsidiaries and associates
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent-5-(Millions of yen)Three months ended
March 31, 2020Three months ended
March 31, 2021

46,20841,140
5,068
4,819
248

48,23542,932
5,303
4,663
639

23
159
20

42
242
99

23
54－
105
287

12
81
164
216
661

244
956
311
225

228
5
29
263
1,038

0－
0

10
1

10
58
78
147
77
32
45
22
23

11－
－
11
1,028
231
797
(29)
827

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

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
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 ofparent
Comprehensive income attributable to non-controllinginterests-6-

Three months ended
March 31, 2020Three months ended
March 31, 2021

45

797

(2,143)(1,439)
114

1,029
4,367
111

(49)
(3,517)(3,471)

124
5,631
6,429

(3,394)

6,433

(76)

(3)

Comparative Statements of Cash Flows (Consolidated)

Cash flows from operating activities
Profit 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 method
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 inventoriesDecrease (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 investment securities
Proceeds from sales of investment securities
Proceeds from sales of shares of subsidiaries andassociates
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 shares
Dividends paid
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cashequivalents
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-(Millions of yen)Three months ended
March 31, 2020Three months ended
March 31, 2021

77
4,215

1,028
4,159

(10)
1,149
94(24)
244
－

(14)
722
106
(44)
228
(164)

(23)
58(12)
－

78
10
1,305
136
106
(6,254)(2,499)(219)(1,554)24(237)－(600)(2,367)－9376(1,378)
(801)
1,830
(947)
(153)
4,943
43(241)
205
(210)
4,740

(6,061)7(4)－(2,982)
321
(5)
13

2,630(15)15(335)(3,763)－(15)
15(208)(2,861)780
13,704(3,918)－－(1,092)
(104)
9,369

909
807
(1,844)
(300)
(0)
(0)
(54)
(482)

(216)
3,022
21,356
24,379691
2,087
25,40527,493

Segment Information
Industry Segment Information(Three months ended March 31, 2020)(Millions of yen)

Die
Castings

Builders’
HardwarePrinting
Equipment

Other

Eliminations/ Corporate

39,186

2,517

4,470

35

－

46,208

17－

－

4

(22)

－

39,203

2,517

4,470

40

(22)

46,208

217

228

(181)

(16)

0248

Consolidated

Net Sales:
Unaffiliated customers
Intersegment
Total
Operating profit (loss)(Three months ended March 31, 2021)(Millions of yen)

DieCastings

Builders’
HardwarePrinting
Equipment

Other

Eliminations/ Corporate

41,965

2,196

4,040

33－

48,235

16－

－

4(20)

－

41,981

2,196

4,040

38

(20)

48,235878

115(342)

(10)

0639

Consolidated

Net Sales:
Unaffiliated customers
Intersegment
Total
Operating profit (loss)* All amounts have been rounded down to the nearest million yen.

-8-