Ryobi Consolidated Financial Statements for the First Quarter of Fiscal 2010

Ryobi Limited and Consolidated Subsidiaries
Consolidated Financial Statements for the First Quarter of the Fiscal Year Ending
March 31, 2010

1. Consolidated Balance Sheets
As of June 30, 2009ASSETS
Current assets:
Cash and cash equivalents
Notes and accounts receivable
Marketable securities
Finished products and purchased goods
Work in process
Raw materials and supplies
Other current assets
Allowance for doubtful accounts
Total current assets
Fixed assets:
Property, plant and equipment:
Buildings and structures (net)
Machinery and equipment (net)Land
Construction in progress
Other fixed assets (net)Total property, plant and equipment
Intangible fixed assets:
Other intangible fixed assets
Total intangible fixed assets
Investments and other assets:
Investment in securities
Other
Allowance for doubtful accounts
Total investments and other assets
Total fixed assets
Total assets-1-(Millions of yen)
As of March 31, 2009

13,68423,821
4,817
13,354
8,582
6,359
5,589
(42)
76,166

13,767
26,203
1,516
14,102
8,252
6,864
4,994
(46)
75,65520,30526,55421,706
6,625
5,452
80,643

20,14825,282
21,643
6,090
5,513
78,679

1,192
1,192

1,187
1,187

8,489
4,772
(113)
13,14894,984
171,151

6,993
4,798
(115)
11,67591,543
167,198

Ryobi Consolidated Financial Statements for the First Quarter of Fiscal 2010

As of June 30, 2009
LIABILITIESCurrent liabilities:
Notes and accounts payable
Short-term borrowings
Current portion of long-term debt
Income taxes payable
Accrued bonuses
Other current liabilities
Total current liabilities
Long-term liabilities:
Long-term debt
Accrued severance indemnities
Other long-term liabilities
Total long-term liabilities
Total liabilities:
NET ASSETS
Shareholders’ equity:
Common stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity
Valuation and translation adjustments:
Unrealized gain on available-for-salesecurities
Deferred loss on derivatives under hedge
accounting
Land revaluation reserve
Foreign currency translation adjustments
Total valuation and translation adjustments
Minority interests
Total net assets
Total liabilities and net assets-2-(Millions of yen)
As of March 31, 2009

17,18635,927
7,749
168
293
9,510
70,835

20,16632,912
6,559
170
875
8,417
69,10122,2296,664
4,192
33,086
103,92119,0846,617
4,388
30,09099,192

18,472
23,75034,286(2,354)
74,153

18,472
23,75036,608(2,354)76,476

1,973

1,088

(38)
626
(10,311)(7,749)824
67,229171,151(35)
626(10,982)(9,303)833
68,006167,198

Ryobi Consolidated Financial Statements for the First Quarter of Fiscal 2010

2. Consolidated Statements of Income

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income (loss)
Non-operating income
Interest income
Dividends income
Rental income
Exchange gain
Gain on sales scrap
Miscellaneous income
Total non-operating income
Non-operating expenses
Interest expenses
Cash discounts
Depreciation expenses
Miscellaneous expenses
Total non-operating expenses
Ordinary income (loss)
Extraordinary income
Gains on sale of fixed assets
Gains on sale of golf course membership
Other
Total extraordinary income
Extraordinary losses
Loss on sale or disposal of fixed assets
Cumulative effect of lease accounting
standards application
Total extraordinary losses
Income (loss) before income taxes and minorityinterests
Income taxes
Loss on minority interests
Net income (loss) for the period-3-

Three Months
Ended June 30, 2008
50,59642,868
7,728
6,199
1,528

(Millions of yen)Three Months
Ended June 30, 2009
25,172
23,5391,633
4,574(2,941)

1298
161
168
41
161
644

955
116
194
35
60
470

281
40
107
63
494
1,679

338
37
81
35
492
(2,962)

0
1
1

12
—
013

28

11

106
135

—
11

1,545
513
(12)
1,044

(2,961)(609)(30)(2,322)—

Ryobi Consolidated Financial Statements for the First Quarter of Fiscal 2010

3. Consolidated Statements of Cash Flows

Cash flows from operating activities:
Income (loss) before income taxes and minority
interests
Depreciation and amortization
Increase (decrease) in allowance for doubtful
accounts
Decrease in reserve for bonuses
Increase (decrease) in accrued severance
indemnities
Interest and dividends income
Interest expenses
Loss (gains) on sale or disposal of fixed assets
Decrease in notes and accounts receivable
Decrease (increase) in inventories
Decrease (increase) in other current assets
Decrease in notes and accounts payable
Other increases in current liabilities
OtherSubtotal
Interest and dividends received
Interest paid
Income taxes paid
Net cash provided by operating activities
Cash flows from investing activities:
Payment for purchases of property, plant andequipment
Proceeds from sale of property, plant andequipment
Payment for purchase of investment in securities
Payment for time deposits
Proceeds from repayment of time deposits
Other
Net cash used in investing activities
Cash flows from financing activities:
Increase in short-term borrowings, net
Proceeds from long-term debt
Repayment of long-term debt
Acquisition of treasury stock
Cash dividends paid
Cash dividends paid to minority shareholders
OtherNet cash provided by financing activities
Foreign currency translation adjustments on cash
and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of the period-4-

Three Months
Ended June 30, 2008

(Millions of yen)Three Months
Ended June 30, 2009

1,545
3,382

(2,961)
2,725

2(1,396)

(5)
(582)

(10)
(111)281
28
837(1,168)
120
(652)
3,412
(211)
6,062
114
(282)
(2,028)3,865

47(64)
338
(0)
2,523
1,094(432)(3,128)
1,871
(113)
1,310
67
(364)
(98)
914

(5,470)(3,788)

1(53)
(24)
266
(51)
(5,331)

1(4)
(50)
1,532
(120)
(2,429)

2,005
—
(472)
(0)
(1,000)
(0)
(115)
415

2,194
6,000
(2,007)
(0)
—
—
(95)
6,091

(27)
(1,078)
10,138
9,060

123
4,700
12,084
16,784

Ryobi Consolidated Financial Statements for the First Quarter of Fiscal 2010

4. Segment Information(1) Industry Segment Information
For the Three Months Ended June 30, 2008
(Millions of yen)

Net Sales:(1) UnaffiliatedCustomers(2) Intersegment
Total
Operating IncomeDie
Castings

Printing
Equipment

Power Tools
and Builders’Hardware36,141

7,878

6,575

50,59633—

036,175

7,878

1,243

62

Total

Eliminations/ Corporate

Consolidated—

50,596

34

(34)

—

6,575

50,630(34)

50,596

222

1,528

01,528For the Three Months Ended June 30, 2009
(Millions of yen)

Net Sales:(1) UnaffiliatedCustomers(2) Intersegment
TotalDie
Castings

PrintingEquipment

Power Tools
and Builders’Hardware

15,992

3,609

5,569

25,17221—

016,014

3,609

5,570

Total

Eliminations/ Corporate

Consolidated—

25,172

22

(22)

—

25,195(22)

25,172

Operating Income(2,961)(283)
303(2,941)(0)(2,941)(Loss)
Notes:
1. Industry segments are classified on the basis of organization.
2. Main products of each industry segment:
Die Castings: die cast product and aluminum cast
Printing Equipment: offset printing presses, peripherals, etc.
Power Tools and Builders’ Hardware: power tools, lawn and garden equipment, doorclosers, hinges and architectural hardware-5-Ryobi Consolidated Financial Statements for the First Quarter of Fiscal 2010

(2) Geographical Segment Information
For the Three Months Ended June 30, 2008
(Millions of yen)

Net Sales:(1) UnaffiliatedCustomers(2) Intersegment
Total
Operating Income

Eliminations/ CorporateJapanThe
Americas

OtherTotal

42,239

6,233

2,123

50,596—50,596

344

—

1,733

2,077

(2,077)—42,583

6,233

3,856

52,673(2,077)50,596

1,280

299

25

1,605

(76)

1,528

Consolidated

For the Three Months Ended June 30, 2009(Millions of yen)

Net Sales:(1) UnaffiliatedCustomers(2) Intersegment
Total
Operating Income(Loss)

Eliminations/ CorporateJapanTheAmericas

Other

21,8022,599

770

25,172—

25,172

276

—

1,450

1,726

(1,726)—22,078

2,599

2,221

26,898(1,726)25,172(2,450)

(343)

(119)

(2,912)(28)(2,941)

Total

Consolidated

Notes:
1. Country and regional segments are classified on the basis of geographic proximity.
2. Principal countries and regions:(1) The Americas: United States, Mexico(2) Other: United Kingdom, China-6-Ryobi Consolidated Financial Statements for the First Quarter of Fiscal 2010

(3) Overseas Sales

For the Three Months Ended June 30, 2008
(Millions of yen)
The Americas
Overseas Sales

Europe

7,626

Other

5,021

Total

2,428

50,596

Consolidated Net Sales
Ratio of Overseas Sales toConsolidated Net Sales (%)

15,076

15.1

9.9

4.8

29.8

For the Three Months Ended June 30, 2009
(Millions of yen)
The Americas
Overseas Sales

Europe

3,342

Other

1,109

Total

1,465

25,172

Consolidated Net Sales
Ratio of Overseas Sales toConsolidated Net Sales (%)

5,918

13.3

4.4

5.8

23.5

Notes:
1. Country and regional segments are classified on the basis of geographic proximity.
2. Principal countries and regions:(1) The Americas: United States, Mexico, other(2) Europe: United Kingdom, Germany, other(3) Other: China, Australia, other
3. Overseas sales represent total sales outside Japan of the parent company and its
consolidated subsidiaries (excluding intra-group sales).

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