リョービ（5851） – Consolidated Financial Results for the Three Months Ended March 31, 2022

Consolidated Financial Results for the Three Months Ended March 31, 2022 (Japanese GAAP) May 12, 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 : May 12, 2022 Date of scheduled payment of dividend : － Availability of supplementary briefing material on quarterly results : Yes Presentation Meeting : No (From January 1, 2022 to March 31, 2022) 1. Consolidated Financial Results for the Three Months Ended March 31, 2022 (1) Consolidated Results of Operations (Any amount less than one million is disregarded.) (% indicates changes from the corresponding period of the previous fiscal year.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Millions of yen % Millions of yen % Millions of yen % Millions of yen % 57,384 19.0 2,733 327.2 3,153 203.8 2,143 159.1 48,235 4.4 639 157.1 1,038 360.6 827 － (Note) Comprehensive income: Three months ended March 31, 2022: 7,435 million yen [15.6%] (Note) Comprehensive income: Three months ended March 31, 2021: 6,429 million yen [－%] Three months ended March 31,2022 Three months ended March 31,2021 Three months ended March 31, 2022 Three months ended March 31, 2021 Profit per share Fully diluted profit per share Yen Yen 66.21 25.56 – – *Since the year-on-year rate of profit attributable to owners of parent 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 March 31, 2022 290,089 139,590 As of December 31, 2021 279,422 131,717 (Reference) Shareholders’ Equity: As of March 31, 2022: 130,639 million yen (Reference) Shareholders’ Equity: As of December 31, 2021: 122,926 million yen – 1 – % 45.0 44.0 2. Dividends Cash dividends per share End of 1Q End of 2Q End of 3Q Year-end Yen Yen Yen Yen Annual Yen FY December 2021 FY December 2022 FY December 2022 (Forecast) – – 10.00 20.00 – – 10.00 20.00 20.00 40.00 (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 as compared with the previous corresponding fiscal period or fiscal year, as applicable.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Profit per share Millions of yen % Millions of yen % Millions of yen % Millions of yen % First Half 114,800 20.1 1,800 1,200 431.6 Yen 37.07 – – 1,800 5,400 – – Full year 240,000 21.2 5,300 3,800 – 117.40 (Reference) Correction from the consolidated forecast, which is published in the most recent: No *Since the year-on-year rate of ordinary profit from the previous fiscal year and the corresponding period of the previous fiscal year is over 1,000%, “-” is indicated. ＊Notes (1) Significant changes of companies during the three months ended March 31, 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 (4) Shares issued (common stock) 1) Shares issued (including treasury stock) As of March 31, 2022 32,646,143 As of December 31, 2021 32,646,143 2) Treasury stock As of March 31, 2022 277,443 As of December 31, 2021 277,412 3) Average shares outstanding during the period Three months ended March 31, 2022 32,368,700 Three months ended March 31, 2021 32,368,844 * These consolidated quarterly financial results are outside the scope of quarterly review. * Explanation for the appropriate use of performance forecasts and other special notes: 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 2022/3/31 Assets Current 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, net Machinery, equipment and vehicles, net Land Construction 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 28,538 44,327 740 19,603 14,813 18,092 3,505 △30 129,591 32,793 51,314 15,598 11,733 5,718 117,158 3,159 3,159 15,772 13,802 △62 29,512 149,830 0 0 279,422 23,134 53,080 746 18,349 15,952 20,008 4,491 △26 135,737 33,559 54,339 15,699 11,127 6,428 121,153 3,136 3,136 16,062 14,063 △62 30,063 154,352 － － 290,089 – 3 – Comparative Balance Sheets (Consolidated) (Millions of yen)2021/12/31 2022/3/31 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 41,606 36,498 1,500 13,005 636 387 17,131 110,765 22,765 7,872 6,301 36,939 147,705 18,472 21,875 71,587 △346 111,588 5,503 811 4,288 734 11,337 8,790 131,717 279,422 41,006 39,681 1,500 12,758 811 1,081 17,520 114,361 21,382 7,859 6,896 36,138 150,499 18,472 21,880 74,124 △346 114,130 5,593 811 9,334 768 16,508 8,951 139,590 290,089 – 4 – Comparative Statements of Income (Consolidated) (Millions of yen) from:2021/1/1 to:2021/3/31 from:2022/1/1 to:2022/3/31 Net sales Cost of sales Gross profit Selling, general and administrative expenses Operating profit 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 Total extraordinary losses Profit before income taxes Income taxes Profit Profit (loss) attributable to non-controlling interests Profit attributable to owners of parent 48,235 42,932 5,303 4,663 639 42 2 42 99 12 81 164 216 661 228 5 29 263 1,038 1 0 1 11 11 1,028 231 797 △29 827 57,384 49,683 7,701 4,967 2,733 33 2 38 333 17 75 28 183 714 220 3 69 293 3,153 0 － 0 57 57 3,096 818 2,278 134 2,143 – 5 – Comparative Statements of Comprehensive Income (Consolidated) (Millions of yen)from: 2021/1/1 to: 2021/3/31 from: 2022/1/1 to: 2022/3/31 Profit Other comprehensive income Valuation difference on available-for-sale securities 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 to Comprehensive income attributable to owners of parent Comprehensive income attributable to non-controlling interests 797 1,029 4,367 111 124 5,631 6,429 6,433 △3 2,278 76 4,890 34 156 5,157 7,435 7,313 121 – 6 – Comparative Statements of Cash Flows (Consolidated) (Millions of yen) from: 2021/1/1 to: 2021/3/31 from: 2022/1/1 to: 2022/3/31 Cash flows from operating activities Profit 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 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 Subtotal Interest 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 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 1,028 4,159 △14 722 106 △44 228 △164 △12 9 376 △1,378 △801 1,830 △947 △153 4,943 43 △241 205 △210 4,740 △2,982 321 △5 13 △15 15 △208 △2,861 909 807 △1,844 △300 △0 △0 △54 △482 691 2,087 25,405 27,493 3,096 4,409 △4 693 70 △36 220 △28 △17 57 △7,066 △767 △889 △1,330 242 298 △1,051 19 △234 41 △39 △1,265 △4,243 43 △0 2 △15 15 3 △4,194 2,008 － △2,157 － △0 △313 △53 △515 576 △5,398 27,388 21,990 – 7 – Segment Information Industry Segment Information (Three months ended March 31, 2021) Net Sales: Die Castings Builders’ Hardware Printing Equipment Unaffiliated customers 41,965 Intersegment Total Operating profit (loss) 16 41,981 878 2,196 － 2,196 115 4,040 － 4,040 (342) Other 33 4 38 (10) Eliminations / Corporate － (20) (20) 0 (Three months ended March 31, 2022) Net Sales: Die Castings Builders’ Hardware Printing Equipment Unaffiliated customers 49,490 Intersegment Total Operating profit (loss) 17 49,507 2,237 2,513 － 2,513 103 5,350 － 5,350 407 (15) 30 5 35 Eliminations / Corporate － (22) (22) (0) (Millions of yen) Other Consolidated * All amounts have been rounded down to the nearest million yen. (Millions of yen) Consolidated 48,235 － 48,235 639 57,384 － 57,384 2,733 – 8 –