FINANCIAL SUMMARY
FY2020(April 1, 2019 through March 31, 2020)

English translation from the original Japanese-language document

Cautionary Statement with Respect to Forward-Looking Statements

This report contains projections and other forward-looking statements that involve risks and uncertainties. Our use of the words“expect,” “anticipate,” “estimate,” “forecast,” “plan” and similar expressions is intended to identify such forward-looking
statements. Projections and forward-looking statements are based on the current expectations and estimates of Toyota
Industries Corporation and its Group companies regarding their plans, outlook, strategies and results for the future. All suchprojections and forward-looking statements are based on management’s assumptions and beliefs derived from the information
available to it at the time of producing this report and are not guarantees of future performance. Toyota Industries corporationand its Group companies undertake no obligation to publicly update or revise any forward-looking statements, whether as aresult of new information, future events or otherwise. Therefore, it is advised that you should not rely solely upon theseprojections and forward-looking statements in making your investment decisions. You should also be aware that certain risks
and uncertainties could cause the actual results of Toyota Industries Corporation and its Group companies to differ materiallyfrom any projections or forward-looking statements discussed in this report. These risks and uncertainties include, but are notlimited to, the following: 1) reliance on a small number of customers, 2) product development capabilities, 3) intellectual property
rights, 4) product defects, 5) price competition, 6) reliance on suppliers of raw materials and components, 7) environmental
regulations, 8) success or failure of strategic alliances with other companies, 9) exchange rate fluctuations, 10) share pricefluctuations, 11) effects of disasters, power blackouts and other incidents, 12) latent risks associated with international activities
and 13) retirement benefit liabilities.

April 30, 2020

FY2020 Consolidated Financial Results<IFRS>(April 1, 2019 - March 31, 2020)
TOYOTA INDUSTRIES CORPORATION
Stock exchange listings: Tokyo and Nagoya (Code number: 6201) (URL: https://www.toyota-industries.com/ )Representative person: Akira Onishi, President, Member of the Board
Contact person: Kuniaki Matsumoto, General Manager of Accounting Department(Tel. +81-(0)566-22-2511)

The expected date of the Ordinary General Meeting of Shareholders: June 9, 2020
The expected date of submission of the securities report (Japanese only): June 19, 2020
The expected date of dividends payment: May 25, 2020
Additional documents to supplement financial results: Yes
IR presentation: Yes (For analysts and professional investors)(Amounts less than one million yen are omitted)
1. Financial Highlights for FY2020 (April 1, 2019 - March 31, 2020)(1) Consolidated Financial Results(% : changes from the same period of the previous fiscal year)
Net sales
Million yen

Profit before
income taxes

Operating profit

Profit attributable
Comprehensive
to owner of theincomeparentProfit%Million yen%

Million yen%

Million yen%

Million yen%

Million yen%

FY20202,171,355 (2.0)

128,233(4.8)

196,288(2.9)

150,187(6.0)

145,881(4.5)

10,474－FY20192,214,946 10.5

134,684(8.7)

202,225(3.6)

159,778(8.1)

152,748(9.2)(16,789)－

Earnings
per share－basic

Earnings
per share－diluted

Yen

Return on equity
attributable to ownersof the parent

Yen

Profit before tax tototal assets%

Operating profit
to net sales%%

FY2020469.85

－

5.9

3.7

5.9

FY2019491.97

－

6.1

3.8

6.1

(Note) Share of profit (loss) of investments accounted for by the equity method
FY2020 ― 1,472 million yen,

FY2019 ― 1,163 million yen(2) Consolidated Financial Position

Total assets

Total equity

Million yen

Ratio of equity
Equity attributable toEquity attributable to attributable to owners
owners of the parent
owners of the parent of the parent to total
per share
assetsMillion yen

Million yen%

Yen

FY20205,279,653

2,520,537

2,438,807

46.2

7,854.87

FY20195,261,174

2,561,936

2,479,718

47.1

7,986.59(3) Consolidated Cash flows
Cash flows fromoperating activities
Million yen

Cash flows frominvesting activities

Cash flows fromfinancing activities

Million yen

Million yen

Cash and cash equivalents
at the end of year
Million yen

FY2020313,199(182,598)(7,094)358,144

FY2019270,306(395,000)

40,467239,140

2. Cash Dividends

Annual cash dividends per share
1st
Quarter

2nd
Quarter

3rd
Quarter

4th
Quarter

FY Total

Total amountof annual
cash dividends

Yen

Yen

Yen

Yen

Yen

Million yen

Dividend on
equityattributable toowners of theparentDividend
payout ratio%%

FY2019

－

75.00

－

80.00

155.0048,12531.5

1.9

FY2020

－

80.00

－

80.00

160.0049,67734.1

2.0

FY2021(Forecast)

－

－

－

－

－

－

(Note) Dividend forecasts are yet to be disclosed.
3. Forecasts of Consolidated Financial Results for FY2021 (April 1, 2020 - March 31, 2021)
Forecasts of consolidated financial results are yet to be disclosed as it is difficult to make rational estimates due tothe impact of COVID-19. Likewise, dividend forecasts are yet to be disclosed. Toyota Industries plans to disclose thesefigures as soon as it becomes possible.
4. Others(1) Changes in major subsidiaries (specified subsidiaries that changed the scope of consolidation) : Yes
New company : －Excluded company : 1(Name) Toyota Industrial Equipment Mfg., Inc.
Please see page 12 on attached documents for details in "Changes in Major Subsidiaries".
(2) Changes in accounting policies and accounting estimates(i) Changes in accounting policies required by IFRS : Yes(ii) Changes other than (i) : No(iii) Changes in accounting estimates : No
(3) Issued and outstanding capital stock(i) Number of shares outstanding at end of each period (including treasury stock):
FY2020 －325,840,640 shares, FY2019 －325,840,640 shares(ii) Number of treasury stock outstanding at end of each period:
FY2020 －15,357,028 shares, FY2019 －15,355,468 shares(iii) Average number of shares outstanding for each period (accumulated):
FY2020 －310,484,403 shares, FY2019 －310,486,032 shares* This financial results is not subject to audits by certified public accountants or auditing firms.
* Explanation regarding the proper use of performance forecasts and other special items
・All projections are based on the information available to management at the time of making this report and are notguarantees of future performance.
・Please see page 3 on attached documents for details on performance forecasts in "Future Outlook".

Attached documents－Contents

1. Business Results ...............................................................................................................................................

2(1) Overview on Consolidated Business Results ...................................................................................................

2(2) Overview on Consolidated Financial Condition ................................................................................................

3(3) Overview on Cash Flows ..................................................................................................................................

3(4) Future Outlook ..................................................................................................................................................

3

2. Basic Rationale for Selection of Accounting Standards ...........................................................................

3

3. Consolidated Financial Statements and main notes .................................................................................

4(1) Consolidated Statement of Financial Position ..................................................................................................

4(2) Consolidated Statement of Profit or Loss and Consolidated Statement of Comprehensive Income ................

6(3) Consolidated Statement of Changes in Equity .................................................................................................

8(4) Consolidated Statement of Cash Flows ............................................................................................................

10(5) Note on Consolidated Financial Statements .....................................................................................................

12(Note on Premise of Going Concern) ................................................................................................................

12(Changes in Accounting Policies) ......................................................................................................................

12(Changes in Major Subsidiaries) ........................................................................................................................ 12(Segment Information) .......................................................................................................................................

13(Earnings per Share) .......................................................................................................................................... 15(Subsequent Events) .......................................................................................................................................... 15―1―

1. Business Results(1) Overview on Consolidated Business Results
In FY2020 (ended March 31, 2020), the global economy was solid overall despite such uncertainties as thedeceleration of the Chinese economy arising from U.S.-China trade frictions and geopolitical risks. However, during the
few months leading to the fiscal year-end it went on a dramatic downward spiral due to the spread of COVID-19.
Meanwhile, the Japanese economy deteriorated during the second half of FY2020. In addition to the factors mentioned
above, the primary reasons for the deterioration included a decrease in anemic consumer spending that accompanied
the consumption tax hike or natural disaster. In this operating environment, Toyota Industries undertook efforts to ensure
customer trust through a priority to quality as well as to respond flexibly to market trends.
Total consolidated net sales amounted to 2,171.3 billion yen, a decrease of 43.6 billion yen, or 2%, from the previous
fiscal year.
Operating results by business segment are as follows.
The automobile market remained roughly on par with the previous fiscal year in Japan despite contraction in otherareas. Amid such operating conditions, net sales of the Automobile Segment totaled 613.8 billion yen, an increase of 3.1
billion yen, or 1%.
Within this segment, net sales of the Vehicle Business amounted to 89.9 billion yen, an increase of 7.5 billion yen, or
9%, due mainly to increases in sales of the new RAV4 whose production started in November 2018.
Net sales of the Engine Business totaled 122.4 billion yen, an increase of 14.0 billion yen, or 13%, resulting mainly
from increases in sales of new A25A and M20A gasoline engines.
Net sales of the Car Air-Conditioning Compressor Business totaled 328.1 billion yen, a decrease of 18.1 billion yen, or
5%. Sales in Japan increased while those in North America and Europe decreased.
Net sales of the Electronics Parts, Foundry and Others Business totaled 73.2 billion yen, on par with the previous
fiscal year. This was because decreases in sales of foundry products were offset by increases in sales of electronics
parts.
The materials handling equipment market remained roughly on par with the previous fiscal year in North America,
while it shrank in Europe. Amid this operating climate, net sales of the Materials Handling Equipment Segment totaled
1,436.3 billion yen, a decrease of 30.3 billion yen, or 2%. This was due primarily to decreases in sales of mainstay lift
trucks and the impact of exchange rate fluctuations.
The textile machinery market was stagnant in Asia, including China, Toyota Industries' primary market. Net sales of
the Textile Machinery Segment totaled 61.7 billion yen, a decrease of 14.6 billion yen, or 19%, due mainly to decreases
in sales of weaving machinery and yarn quality measurement instruments.

In terms of overall profit, despite sales efforts and increases in promoting cost reduction efforts throughout the Toyota
Industries Group, due mainly to the impact of COVID-19, Typhoon No. 19 (Hagibis) and exchange rate fluctuations,Toyota Industries recorded a decrease in consolidated operating profit of 128.2 billion yen, a decrease of 6.4 billion yen,or 5%, from the previous fiscal year and profit before income taxes of 196.2 billion yen, a decrease of 6.0 billion yen, or
3%. Profit attributable to owners of the parent totaled 145.8 billion yen, a decrease of 6.9 billion yen, or 4%.

―2―

(2) Overview on Consolidated Financial Condition
Assets amounted to 5,279.6 billion yen, an increase of 18.5 billion yen from the end of the previous fiscal year. Thiswas because a decrease in fair value of investment securities was offset mainly by an increase in cash and cash
equivalents, and property, plant and equipment. Liabilities amounted to 2,759.1 billion yen, an increase of 59.9 billion
yen from the end of the previous fiscal year, due mainly to an increase in corporate bonds and loans. Equity amounted
to 2,520.5 billion yen, a decrease of 41.4 billion yen from the end of the previous fiscal year.

(3) Overview on Cash FlowsNet cash provided by operating activities was 313.1 billion yen in FY2020, due mainly to posting profit before income
taxes of 196.2 billion yen. Net cash provided by operating activities increased by 42.8 billion yen compared to net cash
provided by operating activities of 270.3 billion yen in the previous fiscal year.
Net cash used in investing activities was 182.5 billion yen in FY2020, attributable primarily to payments for bankdeposits of 547.6 billion yen and payments for purchases of property, plant and equipment of 216.0 billion yen, which
offset proceeds from withdrawals of bank deposits of 594.7 billion yen. Net cash used in investing activities decreased
by 212.5 billion yen compared to net cash used in investing activities of 395.0 billion yen in the previous fiscal year.
Net cash used in by financing activities was 7.0 billion yen in FY2020 compared with a net gain of 40.4 billion yen in
the previous fiscal year, due mainly to repayments of long-term loans payable of 122.9 billion yen and repayments ofcorporate bonds of 93.8 billion yen, which together offset proceeds from long-term loans payable of 183.1 billion yen.
After adding translation adjustments and cash and cash equivalents at beginning of period, cash and cash
equivalents as of March 31, 2020 stood at 358.1 billion yen, an increase of 119.0 billion yen, or 50%, from the end of theprevious fiscal year.

(4) Future Outlook
With regard to the future economic outlook, uncertainties abound including U.S.-China trade frictions, geopoliticalrisks and concerns over the prolonged spread of COVID-19. As such, the environment surrounding Toyota Industries'
major businesses, namely Automobiles and Materials Handling Equipment, preclude optimism. With the current
unpredictable situation, it is difficult to make rational forecasts for FY2021. Toyota Industries plans to disclose
projections as soon as it becomes possible.

2. Basic Rationale for Selection of Accounting Standards
Toyota Industries adopted International Financial Reporting Standards ("IFRS") for its consolidated financial
statements from the fiscal year ending on March 31, 2017.

―3―

3. Consolidated Financial Statements and main notes(1) Consolidated Statement of Financial Position(Millions of yen)

AssetsCurrent assets
Cash and cash equivalents
Time deposits with deposit terms ofover three months
Trade receivables and other receivables
Other financial assets
Inventories
Income tax receivables
Other current assets
Total current assets
Non-current assets
Property, plant and equipment
Goodwill and intangible assets
Trade receivables and other receivables
Investments accounted for by the equity method
Other financial assets
Net defined benefit assets
Deferred tax assets
Other non-current assets
Total non-current assets
Total assets―4―

FY2019(As of March 31, 2019)

FY2020(As of March 31, 2020)

239,140

358,144

223,219

175,216

845,255
3,988
245,182
13,71353,282
1,623,784

867,088
5,273
255,738
13,75664,664
1,739,883

938,030
361,078
5,803
10,253
2,258,788
28,60330,5904,241
3,637,390
5,261,174

991,195
354,701
4,123
10,9912,120,298
22,54730,877
5,034
3,539,770
5,279,653

(Millions of yen)

Liabilities and Equity
Liabilities
Current liabilities
Trade payables and other payables
Corporate bonds and loans
Other financial liabilities
Accrued income taxes
Provisions
Other current liabilities
Total current liabilities
Non-current liabilities
Corporate bonds and loans
Other financial liabilities
Net defined benefit liabilities
Provisions
Deferred tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities
EquityShare of equity attributable to owners of the parent
Capital stock
Capital surplus
Retained earnings
Treasury stock
Other components of shareholders' equity
Total share of equity attributable to owners of the parent
Non-controlling interests
Total equity
Total liabilities and equity―5―

FY2019(As of March 31, 2019)

FY2020(As of March 31, 2020)

506,547
342,232
67,03015,993
8,807
16,754
957,365

519,330
329,143
75,382
20,435
10,30019,721
974,314955,183
57,813
101,347
7,525
598,083
21,918
1,741,872
2,699,237

1,010,627
85,833
101,784
7,764
556,880
21,911
1,784,801
2,759,115

80,462
103,507
1,178,773(59,297)
1,176,272
2,479,718
82,2182,561,936
5,261,174

80,462
103,515
1,267,521(59,307)
1,046,614
2,438,807
81,7302,520,537
5,279,653

(2) Consolidated Statement of Profit or Loss and Consolidated Statement of Comprehensive
IncomeConsolidated Statement of Profit or Loss
(Millions of yen)
FY2019(April 1, 2018 March 31, 2019)
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Other income
Other expenses
Operating profit
Financial income
Financial expenses
Share of profit (loss) of investments accounted forby the equity method
Profit before income taxes
Income taxes
ProfitProfit attributable to:
Owners of the parent
Non-controlling interests

Earnings per share
Earnings per share－basic (yen)Earnings per share－diluted (yen)―6―

FY2020(April 1, 2019 March 31, 2020)

2,214,946(1,702,599)
512,346(376,866)
11,389(12,184)
134,684
76,603(10,226)

2,171,355(1,664,923)
506,432(381,473)
18,890(15,615)
128,233
74,864(8,283)

1,163

1,472

202,225(42,447)
159,778

196,288(46,101)
150,187

152,7487,029

145,8814,305

491.97－469.85－

Consolidated Statement of Comprehensive Income(Millions of yen)
FY2019(April 1, 2018 March 31, 2019)
ProfitOther comprehensive income:Items not to be reclassified into profit or loss
Net changes in revaluation of FVTOCI financial assets
Remeasurements of defined benefit plans
Other comprehensive income of affiliates accounted forby the equity method
Total items not to be reclassified into profit or loss
Items that can be reclassified into profit or loss
Translation adjustments of foreign operations
Cash flow hedges
Other comprehensive income of affiliates accounted forby the equity method
Total items that can be reclassified into profit or loss
Total other comprehensive income
Comprehensive income
Total comprehensive income attributable to:
Owners of the parent
Non-controlling interests―7―

FY2020(April 1, 2019 March 31, 2020)

159,778

150,187(159,407)(9,440)(96,064)(7,576)(6)(11)(168,854)(103,653)(6,921)(621)(37,056)
1,252

(171)

(256)

(7,713)(176,568)(16,789)(36,060)(139,713)
10,474(23,702)
6,912

8,848
1,626

(3) Consolidated Statement of Changes in Equity(Millions of yen)
Share of equity attributable to owners of the parent
Other components ofshareholders' equity
Capitalstock

CapitalsurplusRetainedearnings

Treasurystock

Net changes in
Remeasurements
revaluation ofof defined benefit
FVTOCI financial
plans
assets80,462

105,343

1,084,139(59,284)

1,393,702

－

－

－

3

－

－

－

80,462

105,343

1,084,143(59,284)

1,393,702－

Profit－－152,748－－－

Other comprehensive income

－

－

－

－

(159,630)(9,693)

Balance as of April 1, 2018
Effects of changes in accounting policies
Restated balance as of April 1, 2018－－

152,748－(159,630)(9,693)

Repurchase of treasury stock

－

－

－

(12)

－

－

Disposal of treasury stock

－

0

－

0

－

－

Dividends
Changes in ownership interest of
subsidiaries
Changes in non-controlling interests as aresult of change in scope of consolidation
Reclassified into retained earnings－－(48,125)

－

－

－

－

(1,835)

－

－

－

－

－

－

－

－

－

－

－

－

(9,992)

－

298

9,693

Other increases (decreases)

－

－

－

－

－

－

Total transactions with owners－(1,835)(58,117)

(12)

298

9,693

Balance as of March 31, 201980,462

103,507

1,178,773(59,297)

1,234,370－

Total comprehensive income

－

－

(80)

－

－

－

80,462

103,507

1,178,693(59,297)

1,234,370－

Profit－－145,881－－－

Other comprehensive income

－

－

－

－

(95,896)(7,630)Effects of changes in accounting policies
Restated balance as of April 1, 2019－－

145,881－(95,896)(7,630)

Repurchase of treasury stock

－

－

－

(9)

－

－

Disposal of treasury stock

－

0

－

0

－

－

Dividends
Changes in ownership interest of
subsidiaries
Changes in non-controlling interests as aresult of change in scope of consolidation
Reclassified into retained earnings－－(49,677)

－

－

－

－

7

－

－

－

－

－

－

－

－

－

－

－

－

(7,376)

－

(254)

7,630

Other increases (decreases)

－

－

－

－

－

－

Total transactions with owners－

7(57,053)

(9)

(254)

7,630

Balance as of March 31, 2020

80,462

103,515

1,267,521(59,307)

1,138,219－

Total comprehensive income―8―

(Millions of yen)
Share of equity attributable to owners of the parent
Other components of shareholders' equity
Translation
adjustmentsof foreign
operations
Balance as of April 1, 2018
Effects of changes in accounting policies
Restated balance as of April 1, 2018
ProfitOther comprehensive income
Total comprehensive income

Cash flow
hedges

Total

Total

Non-controllinginterests

Total equity

2,633,869(52,397)

1,426

1,342,730

2,553,391

80,478

－

－

－

3

－

3

(52,397)

1,426

1,342,730

2,553,394

80,4782,633,873－－－

152,748

7,029

159,778(6,505)(621)(176,451)(176,451)(116)(176,568)(6,505)(621)(176,451)(23,702)

6,912(16,789)

Repurchase of treasury stock

－

－

－

(12)

－

(12)

Disposal of treasury stock

－

－

－

0

－

0

Dividends
Changes in ownership interest of
subsidiaries
Changes in non-controlling interests as aresult of change in scope of consolidation
Reclassified into retained earnings

－

－

－

(48,125)(2,353)(50,478)－－－(1,835)(2,969)(4,805)

－

－

－

－

100

100

－

－

9,992

－

－

－

Other increases (decreases)

－

－

－

－

49

49

Total transactions with owners

－

－

9,992

(49,973)(5,172)(55,146)

Balance as of March 31, 2019(58,903)804

1,176,272

2,479,718

82,2182,561,936

Effects of changes in accounting policies
Restated balance as of April 1, 2019
ProfitOther comprehensive income
Total comprehensive income

－

－

－

(80)

－

(80)

(58,903)804

1,176,272

2,479,638

82,2182,561,856－－－

145,8814,305

150,187(34,758)

1,252(137,033)(137,033)(2,679)(139,713)(34,758)

1,252(137,033)

8,848

1,626

10,474

Repurchase of treasury stock

－

－

－

(9)

－

(9)

Disposal of treasury stock

－

－

－

0

－

0

Dividends
Changes in ownership interest of
subsidiaries
Changes in non-controlling interests as aresult of change in scope of consolidation
Reclassified into retained earnings

－

－

－

(49,677)(2,123)(51,801)

－

－

－

7

9

17

－

－

－

－

－

－

－

－

7,376

－

－

－

Other increases (decreases)

－

－

－

－

－

－

Total transactions with owners

－

－

7,376

(49,679)(2,114)(51,793)

Balance as of March 31, 2020

(93,662)

2,057

1,046,614

2,438,807

81,7302,520,537―9―

(4) Consolidated Statement of Cash Flows(Millions of yen)
FY2019(April 1, 2018 March 31, 2019)
Cash flows from operating activities:
Profit before income taxes
Depreciation and amortization
Impairment losses
Interest and dividends income
Interest expenses
Share of (profit) loss of investments accounted forby the equity method(Increase) decrease in inventories(Increase) decrease in trade receivables andother receivables
Increase (decrease) in trade payables and otherpayablesOthersSubtotalInterest and dividends income received
Interest expenses paid
Income taxes paid
Net cash provided by operating activities
Cash flows from investing activities:
Payments for purchases of property, plant andequipment
Proceeds from sales of property, plant andequipment
Payments for purchases of investment securities
Proceeds from sales of investment securities
Payments for acquisition of subsidiaries' stock
resulting in change in scope of consolidation
Payments for loans madeProceeds from collection of loans
Payments for bank deposits
Proceeds from withdrawals of bank deposits
Payments for transfer of businesses
OthersNet cash used in investing activities― 10 ―FY2020(April 1, 2019 March 31, 2020)

202,225
185,952
2,815(72,301)
8,122

196,288
208,3122,496(74,152)
5,966(1,163)(1,472)(22,024)(20,204)(86,533)(55,601)

42,54824,185

2,698
262,340
71,997(8,461)(55,570)
270,306(1,806)
284,01174,379(6,036)(39,154)
313,199(225,621)(216,002)

14,288

14,837(44,123)757(2,685)2,129(7,502)(1,280)(2,053)
1,353(447,937)
336,327－(20,488)(395,000)

(844)
1,501
(547,601)
594,756(5,903)(21,506)(182,598)

(Millions of yen)
FY2019(April 1, 2018 March 31, 2019)
Cash flows from financing activities:
Payments for acquisition of subsidiaries' stock
not resulting in change in scope of consolidation
Proceeds from sales of subsidiaries' stock notresulting in change in scope of consolidation
Net Increase (decrease) in short-term loans
payable (within three months)
Proceeds from short-term loans payable(over three months)
Repayments of short-term loans payable(over three months)
Proceeds from long-term loans payable
Repayments of long-term loans payable
Proceeds from issuance of corporate bonds
Repayments of corporate bonds
Payments for repurchase of treasury stock
Cash dividends paid
Cash dividends paid to non-controlling interests
OthersNet cash provided by (used in) financing activities
Translation adjustments of cash and cash
equivalents
Net increase (decrease) in cash and cash
equivalents
Cash and cash equivalents at beginning of
periodCash and cash equivalents at end of period― 11 ―FY2020(April 1, 2019 March 31, 2020)(4,812)

(329)

140

227

(9,442)

3,359

36,75761,759(29,634)(24,620)

228,884(223,417)
159,106(75,949)(12)(48,125)(2,353)9,330
40,467

183,142(122,901)
76,255(93,896)(9)(49,677)(2,123)(38,280)(7,094)(464)(4,502)(84,690)

119,003

323,830

239,140

239,140

358,144(5) Note on Consolidated Financial Statements(Note on Premise of Going Concern) : No
(Changes in Accounting Policies)
Effective from FY2020, Toyota Industries adopted IFRS 16 "Leases" (issued in January 2016).

(Changes in Major Subsidiaries)
Effective on January 1, 2020, Toyota Industrial Equipment Mfg., Inc., which was a specified subsidiary of Toyota
Industries, was merged into Toyota Material Handling, U.S.A., Inc., another Toyota Industries' subsidiary, and dismantled.
As a result, Toyota Industrial Equipment Mfg., Inc. is no longer a specified subsidiary of Toyota Industries and thus is
excluded from the scope of consolidation from FY2020. On the same day, Toyota Material Handling, U.S.A., Inc. changed
its company name to Toyota Material Handling, Inc.

― 12 ―

(Segment Information)
FY2019 (April 1, 2018 - March 31, 2019)(Millions of yen)

Sales
Outside customer
sales
Inter-segment
transactions
Total

Automobile

Materials
Handling
Equipment

TextileMachinery

Others(Note 2)

Total
(Note 1)

610,721

1,466,658

76,333

61,2332,214,946－

2,214,946

30,7752,111

231

26,862

59,980(59,980)－

641,496

1,468,770

76,56488,0952,274,926(59,980)

2,214,946

Adjustments Consolidated(Note 3)(Note 4)

Segment profit

6,827

114,630

7,319

5,918

134,696(11)

134,684

Segment assets

579,077

1,857,752

51,635

244,675

2,733,141

2,528,033

5,261,174

Financial income

76,603Financial expenses(10,226)

Share of profit (loss) ofinvestments accounted
for by the equity
methodProfit before income
taxes(Notes)

1,163

202,225

1. Main products and services of each segment
Automobile................................ Vehicles, diesel and gasoline engines, car air-conditioning compressors,
electronics components, foundry parts for engines
Materials handling equipment... Lift trucks, warehouse trucks, automated storage and retrieval systems,
aerial work platforms, logistics solutions, sales financing businessTextile machinery……………… Weaving machinery, spinning machinery, instruments for yarn testing andcotton classing
2. "Others" represents businesses not included in the reporting segments, and its primary service is the landtransportation.
3. Breakdown of adjustments(11) million yen included in "Adjustments" for "Segment profit" is inter-segment transactions.
"Adjustments" for "Segment assets" includes corporate assets.
Corporate assets mainly consist of the Company's cash and deposits as well as marketable securities andinvestment securities.
4. "Segment profit" reconciles to operating profit disclosed in the consolidated statement of profit or loss.

― 13 ―

FY2020 (April 1, 2019 - March 31, 2020)(Millions of yen)

Sales
Outside customer
sales
Inter-segment
transactions
Total
Segment profit
Segment assets
Financial income
Financial expenses
Share of profit (loss) ofinvestments accounted
for by the equity
methodProfit before income
taxes(Notes)Automobile

Materials
Handling
Equipment

TextileMachinery

Others(Note 2)

Total
(Note 1)

613,886

1,436,396

61,75659,316

2,171,355－

2,171,355

25,6362,142

202

28,79856,781(56,781)－639,523
17,290569,873

1,438,538
102,246
1,947,476

61,9592,942
51,68088,115
5,944
217,747

2,228,137
128,423
2,786,778(56,781)(189)
2,492,875

2,171,355
128,233
5,279,653
74,864(8,283)Adjustments Consolidated(Note 3)(Note 4)

1,472

196,288

1. Main products and services of each segment
Automobile................................ Vehicles, diesel and gasoline engines, car air-conditioning compressors,
electronics components, foundry parts for engines
Materials handling equipment... Lift trucks, warehouse trucks, automated storage and retrieval systems,
aerial work platforms, logistics solutions, sales financing businessTextile machinery……………… Weaving machinery, spinning machinery, instruments for yarn testing andcotton classing
2. "Others" represents businesses not included in the reporting segments, and its primary service is the landtransportation.
3. Breakdown of adjustments(189) million yen included in "Adjustments" for "Segment profit" is inter-segment transactions.
"Adjustments" for "Segment assets" includes corporate assets.
Corporate assets mainly consist of the Company's cash and deposits as well as marketable securities andinvestment securities.
4. "Segment profit" reconciles to operating profit disclosed in the consolidated statement of profit or loss.

― 14 ―

(Earnings per Share)(1) Basis of calculation for basic earnings per share(i) Profit attributable to owners of the parent(Millions of yen)
FY2019(April 1, 2018 March 31, 2019)
Profit attributable to owners of common stock of the parent

152,748

FY2020(April 1, 2019 March 31, 2020)
145,881(ii) Weighted-average shares of common stock(Thousands)
FY2019(April 1, 2018 March 31, 2019)
Weighted-average number of common stock

310,486(2) Basis of calculation for diluted earnings per share
Diluted earnings per share are omitted because there are no dilutive shares.

(Subsequent Events) : None

― 15 ―FY2020(April 1, 2019 March 31, 2020)
310,484