The structural, electrical, and optical properties of monolayer ruthenium oxide (RuO 2 ) nanosheets (NSs) fabricated by chemical exfoliation of a layered three-dimensional form of K-intercalated RuO 2 are studied systematically via experimental and computational methods. Monolayer RuO 2 NS is identified as having a distorted h-MX 2 structure. This is the first observation of a RuO 2 NS structure that is unlike the t-MX 2 structure of the RuO 2 layers in the parent material and does not have hexagonal symmetry. The distorted h-MX 2 RuO 2 NSs are shown to have optical transparency superior to that of graphene, thereby predicting the feasibility of applying RuO 2 NSs to flexible transparent electrodes. In addition, it is demonstrated that the semiconducting band structures of RuO 2 NSs can be manipulated to be semimetallic by adjusting the crystal structure, which is related to band-gap engineering. This finding indicates that RuO 2 NSs can be used in a variety of applications, such as flexible transparent electrodes, atomic-layer devices, and optoelectronic devices.