Ryobi Consolidated Financial Statements for the First Half of Fiscal 2016

Ryobi Limited and Consolidated Subsidiaries
Consolidated Financial Statements for the First Half of the Fiscal Year Ending March 31,2016
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, 2015
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 assetsNon-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
Total assets-1-

September 30, 2015

17,84852,7381,393
18,013
13,927
13,523
6,151(73)
123,522

17,11656,287
1,393
17,37914,624
13,852
5,887(64)
126,476

32,85654,73823,322
5,176
4,184
120,278

33,42753,05023,326
7,330
3,918
121,053

2,689
2,689

2,809
2,809

14,9586,477(71)
21,364
144,332
267,854

14,173
6,928(80)
21,021
144,884
271,360

Ryobi Consolidated Financial Statements for the First Half of Fiscal 2016

(Millions of yen)March 31, 2015
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
OtherTotal current liabilities
Non-current liabilities
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 interestsTotal net assets
Total liabilities and net assets-2-

September 30, 2015

40,99437,802
10,622
1,866
1,637
41
14,454
107,419

41,87338,90913,136
1,242
1,724
－
14,134
111,02138,0778,466
6,487
53,032
160,451

34,022
8,549
6,625
49,197160,218

18,472
23,75747,529(2,334)87,425

18,472
23,76550,383(2,334)90,286

6,308
(18)
719
7,084
267

5,745
(14)
719
8,089
321

14,362
5,615
107,403
267,854

14,861
5,993
111,142
271,360

Ryobi Consolidated Financial Statements for the First Half of Fiscal 2016

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 bargain purchaseTotal extraordinary income
Extraordinary losses
Loss on disposal of non-current assets
Total extraordinary losses
Income before income taxes and minority interests
Income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent-3-

Six Months Ended
September 30, 2014

Six Months Ended
September 30, 2015

108,304
93,15615,148
11,603
3,544

126,117
107,691
18,425
12,665
5,760

19
142
247
173
264
847

21
181
244
403
302
1,154

917
117
14
104
124
1,278
3,113

954
110
16
69
68
1,220
5,694

6
7
14

47－4748
48
3,079
1,335
1,743
206
1,537

68
68
5,673
1,781
3,892
391
3,501

Ryobi Consolidated Financial Statements for the First Half of Fiscal 2016

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

ProfitOther 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 other comprehensive income
Comprehensive income
Comprehensive income attributable to:
Owners of the parent
Non-controlling interests-4-

Six Months Ended
September 30, 2014

Six Months Ended
September 30, 2015

1,743

3,892

1,323
2(0)
(2,463)156(981)
762

(554)
3－
1,005
53
508
4,400

452
310

4,000399

Ryobi Consolidated Financial Statements for the First Half of Fiscal 2016

3. Consolidated Statements of Cash Flows(Millions of yen)

Cash flows from operating activities
Income before income taxes and minority
interests
Depreciation
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
Decrease (increase) in notes and accounts
receivable - trade
Decrease (increase) in inventories
Decrease (increase) in other current assets
Increase (decrease) in notes and accounts payable- tradeIncrease (decrease) in other current liabilities
Other, net
SubtotalInterest and dividend income received
Interest expenses paid
Income taxes (paid) refund
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 andequipment
Purchase of securities
Proceeds from sales of securities
Purchase 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
payableProceeds from long-term loans payable
Repayments of long-term loans payable
Purchase of treasury shares
Cash dividends paid
Other, net
Net cash provided by (used in) financing
activitiesEffect 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-

Six Months Ended
September 30, 2014

Six Months Ended
September 30, 2015

3,079
6,751

5,673
7,614

749
674
(162)
917
42(0)
86
192
(202)
954
22

(1,146)(1,820)195(3,185)
(96)
207

2,707
1,155(986)
11,466162(840)(1,682)

730
(285)
(579)
11,130202(997)(1,856)

9,104

8,479

(6,662)(7,272)7(690)
690(26)(1,680)
1,349
(188)

21(690)690(21)(1,349)
1,495
(299)

(7,201)(7,424)(2,654)9,419(8,030)
(0)
(648)
(26)

811
2,261
(4,077)
(0)
(648)
(21)

(1,939)(1,674)

(187)
(223)
17,711
17,48826(593)
16,60916,015

Ryobi Consolidated Financial Statements for the First Half of Fiscal 2016

4. Segment Information
Industry Segment Information
For the Six Months Ended September 30, 2014
(Millions of yen)
DieCastings

Power Tools
and Builders’HardwarePrinting
Equipment

82,511

13,34212,314

135

—

674—

35(107)—

Total

82,57913,346

12,314

171(107)

108,304

Operating income

2,371

628

513

30(0)

3,544

Other

Eliminations/ Corporate

Consolidated

Net Sales:
Unaffiliated customers
Intersegment

108,304

For the Six Months Ended September 30, 2015
(Millions of yen)
DieCastings

Power Tools
and Builders’HardwarePrinting
Equipment

98,161

14,101

13,716

137

—

693—

37(110)—Total

98,231

14,104

13,716

174(110)

126,117

Operating income

4,632

417

680

29

0

5,760

Other

Eliminations/ Corporate

Consolidated

Net Sales:
Unaffiliated customers
Intersegment-6-

126,117