An inductive definition set (IDS, for short) of first-order predicate logic can be transformed into a many-sorted term rewrite system (TRS, for short) such that a quantifier-free sequent is valid w.r.t. the IDS if and only if a term equation representing the sequent is an inductive theorem of the TRS. In this paper, to compare rewriting induction (RI, for short) with cyclic proof systems, under certain assumptions, we show that if a sequent has a cut- and quantifier-free cyclic proof, then there exists an RI proof for a term equation of the sequent. To this end, we propose a transformation of a cut- and quantifier-free cyclic proof of the sequent into an RI proof for the corresponding equation.