Message fromthe Chairman and President

Firstly, we would like to extend our sincere appreciation for yourcontinued support of Toyota Industries Corporation and theToyota Industries Group.
In fiscal 2016 (ended March 31, 2016), despite the solid
performance of the U.S. economy, the global economic growth
remained at a low level overall due primarily to China’s slowing
growth. Generally, the economic prospects remain uncertain. In
addition, there was a sense of stagnation in the Japanese
economy as evident in cautious consumer spending and capital
investment.
In this business environment, Toyota Industries Corporationand its Group companies (“Toyota Industries”) undertook efforts toensure customer trust through a dedication to quality first as wellas to expand sales by responding flexibly to market trends. As aresult, Toyota Industries achieved record highs in consolidated netsales, operating profit, ordinary profit and profit attributable toowners of the parent.
With regard to the future economic outlook, despite
international cooperation, it appears uncertainties surrounding thebusiness climate, including an expected further deceleration of
the Chinese economy, financial policies in Japan and the UnitedStates as well as the effects of Brexit from the EU, will persist andrequire close monitoring.
Under these circumstances, Toyota Industries is establishing astronger business foundation and addressing key management
issues to further raise corporate value by leveraging the Group’scomprehensive strengths.
As immediate tasks, we will endeavor to bolster ourmanagement platform to respond quickly to rapid changes in thebusiness environment. Specifically, based on our quality first
approach, we aim to build a stronger production foundation bymaintaining and improving productivity on a global basis. We will
also pursue waste-free business operations and strive to improve
profitability by reducing product development lead timethroughout the supply chain and carrying out operations
improvement activities in administrative and back-office sections.
Moreover, we will strengthen risk management in order to quickly
and appropriately respond to changes in the world situation. To

support such consolidated management on a global scale, Toyota
Industries will aim to improve solidarity in the workplace andemphasize diversity in the allocation of personnel while developing
human resources who can play active roles in countries aroundthe world.
In addition to these approaches, we will continue to strive tooffer attractive products to customers in the global market in atimely manner. In doing so, we will work to not only develop
technologies based on the keyword of the 3Es, which we define
as “energy,” “environmental protection” and “ecological thinking,”
but also differentiate our production engineering technologies andinnovate our business model by utilizing the Internet of Things(IoT). Also, we will nurture buds of new growth from theperspectives of markets and our “Customer First” philosophy, andstrive to commercialize them as soon as possible. Through theseefforts, we aim for sustainable growth of businesses in respective
markets, including automobiles and materials handling equipment
for which expansion is expected in the medium to long term,
thereby supporting industries and social foundations around theworld and contributing to an enriched lifestyle and comfortablesociety as specified in Vision 2020.
In other areas, Toyota Industries will create a workplaceenvironment that places top priority on safety; thoroughly enforce
compliance, including observance of laws and regulations; andproactively participate in social contribution activities. By carryingout these initiatives, we aim to broadly meet the trust of society
and grow harmoniously with society. With regard to protection of
the global environment, we will undertake Group-wide initiatives
toward realization of “a zero CO2 emission society in 2050” basedon our Sixth Environmental Action Plan developed in March 2016.
In closing, we would like to sincerely ask for your continued
understanding and support.		

July 2016

Tetsuro Toyoda
Chairman

Tetsuro Toyoda
Chairman

Akira Onishi
President

Akira Onishi
President

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