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
-
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: - - Adoption of specific accounting treatments to the preparation of consolidated quarterly financial statements: Not applicable
- Changes in accounting policies, changes in accounting estimates and restatements
- Changes in accounting policies due to the revision of accounting standards: Applicable
- Changes in accounting policies other than 1): Not applicable
- Changes in accounting estimates: Not applicable
- Restatements: Not applicable
- 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.