Consolidated Financial Results

for the Six Months Ended June 30, 2022 (Japanese GAAP)

August 4, 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

Divisional Deputy General Manager of Corporate Planning Division

General Manager of Finance Department

Phone: +81-3-3501-0511

Scheduled date to submit the Quarterly Securities Report : August 4, 2022

Date of scheduled payment of dividend :September 1, 2022

Availability of supplementary briefing material on quarterly results : Yes

Presentation Meeting : Yes (for securities analysts / institutional investors)

(Any amount less than one million is disregarded.)

1. Consolidated Financial Results for the Six Months Ended June 30, 2022 (From January 1, 2022 to June 30, 2022)

(1) Consolidated Results of Operations

(% indicates changes from the corresponding period of the previous fiscal period.)

Net sales

Operating profit

Ordinary profit

Profit attributable to

owners of parent

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Six months ended

113,606

18.9

2,048

－

3,091

－

1,807

700.6

June 30, 2022

Six months ended

95,567

23.0

△621

－

101

－

225

－

June 30, 2021

(Note) Comprehensive income: Six months ended June 30, 2022: 13,676 million yen [126.3%]

Six months ended June 30, 2021: 6,042 million yen [－%]

Profit per share

Fully diluted profit

per share

Yen

Yen

Six months ended

55.83

-

June 30, 2022

Six months ended

6.97

-

June 30, 2021

* Since the year-on-year rate of ordinary profit from the corresponding period of the previous fiscal year is over 1,000%, "-" is indicated.

(2) Consolidated Financial Position

Total assets

Net assets

Shareholders'

equity ratio

Millions of yen

Millions of yen

%

As of June 30, 2022

301,572

145,832

45.3

As of December 31, 2021

279,422

131,717

44.0

(Reference) Shareholders' Equity: As of June 30, 2022 : 136,754 million yen

As of December 31, 2021 : 122,926 million yen

- 1 -

2. Dividends

Cash dividends per share

End of 1Q

End of 2Q

End of 3Q

Year-end

Annual

Yen

Yen

Yen

Yen

Yen

FY December 2021

-

10.00

-

10.00

20.00

FY December 2022

-

20.00

FY December 2022

-

20.00

40.00

(Forecast)

(Reference) Correction from the dividend forecast, which is published in the most recent: No

3. 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

Operating profit

Ordinary profit

Profit attributable to

Profit per share

owners of parent

Millions of yen

%

Millions of yen

% Millions of yen

%

Millions of yen

%

Yen

Full year

248,000

25.2

6,400

-

7,600

-

5,100

-

157.56

(Reference) Correction from the consolidated forecast, which is published in the most recent: Yes

* Since the year-on-year rate of ordinary profit from the corresponding period of the previous fiscal year is over 1,000%, "-" is indicated.

＊Notes

  1. Significant changes of companies during the six months ended June 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 applicable
    4. Restatements: Not applicable
  5. Shares issued (common stock)

1)

Shares issued (including

As of June 30, 2022

32,646,143

As of December 31, 2021

32,646,143

treasury stock)

2)

Treasury stock

As of June 30, 2022

277,483

As of December 31, 2021

277,412

3)

Average shares outstanding

Six months ended June

32,368,687

Six months ended June

32,368,814

during the period

30, 2022

30, 2021

  • 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 commitment by the Company. Therefore, there might be cases in which actual results differ from forecast values.
    • 2 -

Comparative Balance Sheets (Consolidated)

(Millions of yen)

2021/12/31

2022/6/30

Assets

Current assets

Cash and deposits

28,538

22,793

Notes and accounts receivable - trade

44,327

54,421

Securities

740

650

Merchandise and finished goods

19,603

20,089

Work in process

14,813

16,645

Raw materials and supplies

18,092

21,998

Other

3,505

4,579

Allowance for doubtful accounts

△30

△23

Total current assets

129,591

141,154

Non-current assets

Property, plant and equipment

Buildings and structures, net

32,793

34,577

Machinery, equipment and vehicles, net

51,314

59,340

Land

15,598

15,804

Construction in progress

11,733

10,631

Other, net

5,718

6,547

Total property, plant and equipment

117,158

126,902

Intangible assets

Other

3,159

3,105

Total intangible assets

3,159

3,105

Investments and other assets

Investment securities

15,772

16,236

Other

13,802

14,236

Allowance for doubtful accounts

△62

△62

Total investments and other assets

29,512

30,409

Total non-current assets

149,830

160,417

Deferred assets

Bond issuance costs

0

－

Total deferred assets

0

－

Total assets

279,422

301,572

- 3 -

Comparative Balance Sheets (Consolidated)

(Millions of yen)

2021/12/31

2022/6/30

Liabilities

Current liabilities

Notes and accounts payable - trade

41,606

41,566

Short-term borrowings

36,498

42,109

Current portion of bonds payable

1,500

－

Current portion of long-term borrowings

13,005

5,783

Income taxes payable

636

518

Provision for bonuses

387

401

Other

17,131

20,251

Total current liabilities

110,765

110,630

Non-current liabilities

Long-term borrowings

22,765

30,643

Retirement benefit liability

7,872

7,517

Other

6,301

6,948

Total non-current liabilities

36,939

45,109

Total liabilities

147,705

155,740

Net assets

Shareholders' equity

Share capital

18,472

18,472

Capital surplus

21,875

21,883

Retained earnings

71,587

73,789

Treasury shares

△346

△346

Total shareholders' equity

111,588

113,798

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

5,503

5,613

Revaluation reserve for land

811

811

Foreign currency translation adjustment

4,288

15,728

Remeasurements of defined benefit plans

734

802

Total accumulated other comprehensive income

11,337

22,956

Non-controlling interests

8,790

9,077

Total net assets

131,717

145,832

Total liabilities and net assets

279,422

301,572

- 4 -

Comparative Statements of Income (Consolidated)

(Millions of yen)

from: 2021/1/1

from: 2022/1/1

to: 2021/6/30

to: 2022/6/30

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 method Usage income of trademark

Subsidy income

Other

Total 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 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 before income taxes

Income taxes

Profit

Profit (loss) attributable to non-controlling interests

Profit attributable to owners of parent

95,567

113,606

86,457

101,487

9,110

12,119

9,731

10,070

△621

2,048

95

68

192

221

82

77

74

674

35

14

136

140

315

40

352

364

1,285

1,601

458

433

8

6

95

118

562

558

101

3,091

310

  • －

3

10

47

131

－

6

47

137

57

2,963

△143

946

200

2,017

△24

210

225

1,807

- 5 -

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Ryobi Ltd. published this content on 04 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2022 08:26:03 UTC.