Consolidated Financial Results
for the Nine Months Ended September 30, 2022
(Japanese GAAP)

November 8, 2022

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 of Finance Department
Phone: +81-3-3501-0511
Scheduled date to submit the Quarterly Securities Report : November 9, 2022
Date of scheduled payment of dividend : －Availability of supplementary briefing material on quarterly results : Yes
Presentation Meeting : No

1.

(Any amount less than one million is disregarded.)

Consolidated Financial Results for the Nine Months Ended September 30, 2022
(From January 1, 2022 to September 30, 2022)(1) Consolidated Results of Operations(% indicates changes from the corresponding period of the previous fiscal period.)

Net sales
Millions of yen
Nine months ended
September 30, 2022

Operating profit% Millions of yen

179,311

24.5

2,947

Ordinary profit% Millions of yen－4,009－

Nine months ended
144,063
17.8(1,588)－(494)－
September 30, 2021
(Note) Comprehensive income: Nine months ended September 30, 2022: 15,801 million yen [145.8%](Note) Comprehensive income: Nine months ended September 30, 2021: 6,429 million yen [－%]
Fully diluted profit
per share
Yen
YenProfit per share
Nine months ended
September 30, 2022

68.64

–

Nine months ended
September 30, 2021

(14.74)–(2) Consolidated Financial Position
Shareholders'equity ratio

Total assets

Net assets

Millions of yen

Millions of yen%

As of September 30, 2022

303,309147,309

45.6As of December 31, 2021

279,422

131,717

44.0(Reference) Shareholders' Equity: As of September 30, 2022 : 138,213 million yen(Reference) Shareholders' Equity: As of December 31, 2021 : 122,926 million yen-1-Profit attributable toowners of parent% Millions of yen%
2,221－(477)－2.

Dividends
Cash dividends per share
End of 1Q End of 2Q End of 3Q Year-end
Yen
Yen
Yen
Yen
FY December 2021

–

10.00

–

FY December 2022

–20.00–FY December 2022
(Forecast)–Annual
Yen

10.00

20.00

20.00

40.00

(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, 2022
(From January 1, 2022 to December 31, 2022)(% indicates percentage changes from previous fiscal year.)Net sales

Full year

Operating profit

Millions of yen%

Millions of yen

248,000

25.2

6,400

Ordinary profit%%

Millions of yen

–

7,600

Profit attributable toowners of parent

Profit per share%

Yen

Millions of yen–

5,100–

157.56(Reference) Correction from the consolidated forecast, which is published in the most recent: No＊Notes(1) Significant changes of companies during the nine months ended September 30, 2022 (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: 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 September 30, 2022

32,646,143

As of December 31, 2021

32,646,143

2) Treasury stock

As of September 30, 2022

277,538

As of December 31, 2021

277,4123) Average shares outstanding
during the period

Nine months ended
September 30, 2022

32,368,665

Nine months ended
September 30, 2021

32,368,795* These consolidated quarterly financial results are outside the scope of 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 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, 2021 September 30, 2022

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Securities
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, netMachinery, 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 costs
Total deferred assets
Total assets-3-

28,53844,327740
19,603
14,81318,092
3,505(30)
129,591

19,05658,654650
20,87916,62021,2154,429(24)
141,482

32,79351,314
15,598
11,733
5,718
117,158

34,43559,683
15,836
12,138
6,335
128,430

3,159
3,159

3,011
3,011

15,77213,802(62)
29,512
149,830

15,60014,849(64)
30,385
161,82700
279,422－－
303,309

Comparative Balance Sheets (Consolidated)(Millions of yen)
December 31, 2021 September 30, 2022

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
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-4-41,60636,4981,500
13,005636
387
17,131
110,765

43,62541,535
－
5,465
727
1,089
19,055
111,499

22,765
7,872
6,301
36,939147,705

30,3707,533
6,597
44,501
156,000

18,472
21,87571,587(346)
111,588

18,472
21,89273,556(346)
113,574

5,503
811
4,288
734
11,337
8,790
131,717
279,422

5,233
811
17,757837
24,639
9,095
147,309
303,309

Comparative Statements of Income (Consolidated)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit (loss)
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
Other
Total non-operating income
Non-operating expenses
Interest expenses
Share of loss of entities accounted for using equity
methodDepreciation
Other
Total non-operating expenses
Ordinary profit (loss)
Extraordinary income
Gain on disposal of non-current assets
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses
Loss on disposal of non-current assets
Loss on valuation of investment securities
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-(Millions of yen)

Nine months ended
September 30, 2021Nine months ended
September 30, 2022

144,063
130,907
13,156
14,745(1,588)179,311
160,735
18,575
15,628
2,947

131
201
123
74

100
224
116
647

42－

213
336
790
1,914

260
47595
1,992

686

747－

23

12
122
820
(494)

10
148
929
4,009

30
4

17－
17

103
2105
(595)
(100)
(495)
(18)
(477)

144
4
148
3,878
1,384
2,493
271
2,221

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 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 of parent
Comprehensive income attributable to non-controllinginterests-6-

Nine months ended
September 30, 2021

Nine months ended
September 30, 2022

(495)

2,493

1,166
05,239334(264)－13,171
103

183

297

6,925
6,429

13,30715,801

6,440

15,523(10)277

Comparative Statements of Cash Flows (Consolidated)

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 method
Loss (gain) on valuation of investment securities
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
Subsidies received
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of securities
Proceeds from sale of securities
Purchase of investment securities
Proceeds from sale 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 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 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-(Millions of yen)

Nine months ended
September 30, 2021

Nine months ended
September 30, 2022

(595)
12,869(15)725
109(333)
686
(336)

3,878
13,658
(5)
701
(86)
(324)
747
(47)

(42)

23

2
99
2,044
(7,105)(439)
6,122(2,013)(368)
11,410404(736)414(641)
10,8514
126(10,632)(3,092)
(701)
402
662
(32)
5,281
352(788)
67(706)
4,206(9,275)330(650)680(8)13(1,214)
1,214(294)(9,204)(13,070)
68(650)650(1)－(1,214)
1,214
114(12,889)

7,850
1,854
(7,100)(4,600)
(0)
(324)
(111)
(2,431)

2,183
11,023(12,495)(1,500)
(0)
(944)
(128)
(1,862)

798

972

14
25,40525,420(9,572)
27,38817,816

Segment Information
Industry Segment Information(Nine months ended September 30, 2021)
Die
Builders’Castings
Hardware
Net Sales:
Unaffiliated customers
Intersegment
Total
Operating profit (loss)

Intersegment
Total
Operating profit

Eliminations/ Corporate

Other(Millions of yen)
Consolidated

123,567

6,909

13,440146－

144,063

53－－

9(62)－

123,620

6,909

13,440155(62)144,063(1,380)

259

(470)

2(0)

(1,588)(Nine months ended September 30, 2022)
Die
Builders’Castings
Hardware
Net Sales:
Unaffiliated customers

Printing
Equipment

Printing
Equipment

Eliminations/ Corporate

Other(Millions of yen)
Consolidated

155,896

7,359

15,884

169－

179,31143－－

12(56)－

155,939

7,359

15,884

182(56)

179,311

1,870

187

885

4(0)

2,947

* All amounts have been rounded down to the nearest million yen.

-8-