Ryobi Consolidated Financial Statements for the First Quarter of Fiscal 2016

Ryobi Limited and Consolidated Subsidiaries
Consolidated Financial Statements for the First Quarter 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 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
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets-1-

June 30, 2015

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

19,48752,974
1,393
18,412
14,30013,785
5,799(52)
126,10132,856
54,73823,322
5,176
4,184
120,278

32,50353,34323,3195,548
4,015
118,731

2,689
2,689

2,686
2,686

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

16,527
6,394(78)
22,843
144,261
270,363

Ryobi Consolidated Financial Statements for the First Quarter 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 comprehensiveincome
Non-controlling interestsTotal net assets
Total liabilities and net assets-2-June 30, 2015

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

42,09338,58913,102506
567－
17,336112,196

38,0778,466
6,487
53,032
160,451

33,6978,125
7,181
49,005
161,202

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

18,472
23,75848,232(2,334)
88,128

6,308
(18)
719
7,084
267

7,323
(16)
719
6,885
294

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

15,206
5,825
109,160
270,363

Ryobi Consolidated Financial Statements for the First Quarter 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
Foreign exchange gains
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-

Three Months Ended
June 30, 2014

Three Months Ended
June 30, 2015

52,16444,858
7,306
5,869
1,436

60,81852,599
8,218
6,115
2,103

8
126
124－
81
78
419

13
163
125
59
198
143
703

461
58
162
52
81
815
1,039

478
53－
34
33
600
2,206

1
7
940－
40

17171,032527504
42461

1515
2,232
716
1,515
165
1,350

Ryobi Consolidated Financial Statements for the First Quarter 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
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-Three Months Ended
June 30, 2014

Three Months Ended
June 30, 2015

504

1,515

490
0(1,759)
78(1,190)
(685)

1,073
2(199)
26903
2,418(736)50

2,194223

Ryobi Consolidated Financial Statements for the First Quarter 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 trade
Increase (decrease) in other current liabilities
Other, net
SubtotalInterest and dividend income received
Interest expenses paid
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 andequipment
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 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-5-

Three Months Ended
June 30, 2014

Three Months Ended
June 30, 2015

1,032
3,316

2,232
3,763

(11)
(1,040)
819
(134)
461
15

(14)
(1,069)
(286)
(177)
478
(23)

84(836)77(307)(1,074)
90

1,155
2,780
(1,089)
6,629
134
(409)
(1,658)
4,696

1,157
3,509
2
8,280
177
(530)
(1,575)6,351(2,924)(2,918)

9(9)
(431)
124
(56)
(3,288)

20(4)
(64)
124
(91)
(2,933)

(614)
2,946
(3,657)
(0)
(613)
(19)
(1,959)777
26(1,885)
(0)
(607)
(16)
(1,706)

(145)
(697)
17,711
17,014(17)
1,694
16,60918,303

Ryobi Consolidated Financial Statements for the First Quarter of Fiscal 2016

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

Power Tools
and Builders’HardwarePrinting
Equipment

39,867

6,623

5,597

76

—

52,164

22

3

—

32

(58)

—

39,890

6,626

5,597

109

(58)

52,164

987

330

89

29

0

1,436

Other

Eliminations/ Corporate

Consolidated

Net Sales:
Unaffiliated customers
Intersegment
Total
Operating income

For the Three Months Ended June 30, 2015
(Millions of yen)
DieCastings

Power Tools
and Builders’HardwarePrinting
Equipment

47,864

6,983

5,894

74

—

60,81838

1—30(70)—

Total

47,902

6,985

5,894

105

(70)

60,818Operating income

1,659

185

229

28

02,103

Other

Eliminations/ Corporate

Consolidated

Net Sales:
Unaffiliated customers
Intersegment-6-