Toy o t a Indus t r i e s R e p o rt

2011

Financial Section / Corporate Information■Financial Section
Consolidated Eleven-Year Summary

P70−71

Consolidated Balance Sheets

P72−73

Consolidated Statements of Income

P74

Consolidated Statements of Comprehensive Income

P75

Consolidated Statements of Changes in Net Assets

P76−77

Consolidated Statements of Cash Flows

P78■Corporate Information
Board of Directors, Corporate Auditors andManaging Officers
Major Consolidated Subsidiaries

P79
P80−81

Major Production Bases

P82

Investor Information

P83

Note:
For details on the consolidated financial statements, please refer to theseparate publication, which is also posted on the following Website:
www.toyota-industries.com

69

Consolidated Eleven-Year Summary

Toyota Industries Corporation
Years ended March 31
Millions of yen

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

For The YearNet sales¥ 1,479,839¥ 1,377,769¥ 1,584,252¥ 2,000,536¥ 1,878,398¥ 1,505,955¥ 1,241,538¥ 1,164,378¥ 1,069,218¥ 980,163¥ 767,382

Operating income (loss)

68,79822,002(6,621)

96,853

89,95464,04053,12052,63152,477

46,33047,304

Ordinary income

73,911

31,756

14,343

126,488

108,484

80,63570,91258,97051,37547,86544,526

Net income (loss)
Investment in tangible assets

47,205¥38,254¥(26,273)(32,767)

80,46059,46847,07743,357

26,963¥ 104,495¥ 104,205¥ 129,023¥ 130,121¥ 111,321

33,623¥65,651

21,933¥69,60727,311¥—

22,637¥—

Depreciation

62,372

73,23887,21983,74474,44964,423

51,27749,26445,939——Research and development expenses

27,78826,826

33,64636,75034,54831,16630,051

29,562

29,70529,98526,195Per share of common stock (yen):
Net income (loss) per share—basic
Net income per share—diluted¥

151.51¥(84.33)¥(105.16)¥257.50¥189.88¥146.16¥135.09¥108.04

¥

70.19

¥

87.28

¥

75.90

—

—

—

257.43189.66146.02135.03101.97

62.90

78.26

67.77

Total net assets per share

3,300.17

3,390.02

2,987.16

4,483.32

5,612.11

5,044.45

3,504.80

3,199.69

2,522.52

2,809.54

3,036.77

Cash dividends per share

50.00

30.00

40.00

60.00

50.00

38.00

32.00

24.00

22.00

19.00

17.00

Total assets¥ 2,481,452¥ 2,589,246¥ 2,327,432¥ 2,965,585¥ 3,585,857¥ 3,245,341¥ 2,326,824¥ 2,011,995¥ 1,650,391¥ 1,770,401¥ 1,869,642

Total net assets

1,075,939

1,104,929

977,670

1,453,996

1,810,483

1,611,227

1,115,747

1,016,763

738,867

878,812951,298

Common stock

80,46280,46280,46280,46280,46280,46280,46280,462

68,04668,02168,018

Number of shares outstanding (excluding treasury stock) (thousands)

311,564

311,570

311,577

311,589

312,075

319,320

318,237

317,666

292,777

312,796313,260¥ 153,661¥ 203,452

65,768¥ 188,805¥ 177,467¥ 131,784¥ 100,095

92,406¥ 103,183(187,574)(36,855)(114,217)(138,789)(164,446)(205,013)(128,230)(92,667)(95,120)

At Year-End
Financial Section / Corporate Information

Financial Section / Corporate Information

Cash FlowsNet cash provided by operating activities
Net cash used in investing activities

¥

¥

¥

81,078¥78,412(106,710)(155,870)(85,728)(38,230)

120,971(33,992)(19,749)

85,17250,020(56,015)

57,775

1,225

94,472

Cash and cash equivalents at end of year

195,566

317,590

188,011

121,284

108,569

112,596

100,535

77,212

136,929

71,11995,296Return on equity (ROE) (%)

4.5

(2.6)

(2.8)

5.1

3.5

3.5

4.1

3.8

2.7

3.0

3.6

Return on assets (ROA) (%)

1.9

(1.1)

(1.2)

2.5

1.7

1.7

2.0

1.8

1.3

1.5

1.8

Operating profit margin (%)

4.6

1.6

(0.4)

4.8

4.8

4.3

4.3

4.5

4.9

4.7

6.2

Consolidated Eleven-Year Summary

Consolidated Eleven-Year Summary

Net cash provided by (used in) financing activities

Indices

Equity ratio (%)
EBITDA (millions of yen)
Number of employees

41.4¥ 150,481
40,82540.8¥

90,521
38,903

¥

40.0

47.1

48.8

49.7

48.0

50.5

71,608¥ 222,125¥ 191,007¥ 150,674¥ 128,381¥ 113,676

39,91639,52836,09632,97730,99027,43144.8¥

95,47225,03049.6¥

97,54023,05650.9¥

79,921
21,118

1. Net income (loss) per share is computed based on the average number of shares for each year.
2. ROE and ROA are computed based on the average total net assets and total assets, respectively, for each year.
3. Operating profit margin = Operating income (loss) / Net sales
4. Equity ratio = (Total net assets – Subscription rights to shares – Minority interests) / Total assets
5. EBITDA = Income before income taxes + Interest expenses – Interest and dividends income + Depreciation and amortization

70

Toyota Industries Report 201171

Consolidated Balance Sheets

Toyota Industries Corporation
As of March 31, 2011 and 2010
Millions of yen

ASSETS

Millions of yen

LIABILITIES AND NET ASSETS

2011

2010

¥ 198,654¥ 287,965

152,121

163,708

Current assets:
Cash and deposits
Trade notes and accounts receivable

35,146—

132,430

71,391

Merchandise and finished goods

42,94037,358Work in process

31,25625,672

Raw materials and supplies

30,06525,318Deferred tax assets

18,493

17,182Other current assets

32,64647,307

Allowance for doubtful accounts(2,863)(3,103)670,893

672,801

Buildings and structures

159,606

169,991

Machinery, equipment and vehicles

185,988

212,079

Total current assets
Fixed assets:
Property, plant and equipment:
Financial Section / Corporate Information

Tools, furniture and fixtures

23,634

21,840Land

119,697

119,517

8,350

8,547

Construction in progress
Total property, plant and equipment

531,977

Goodwill

68,57372,745

Software

10,767

9,976

Total intangible assets

79,34082,722

1,123,306

1,162,685

—

5,554

Deferred tax assets

9,786

10,429Lease investment assets

71,480—

Other investments and other assets

29,539123,278

(173)

(202)

1,233,940

1,301,744

1,810,559

1,916,444¥ 2,481,452¥ 2,589,246

Consolidated Balance Sheets

Intangible assets:

Investments and other assets:
Investments in securities
Long-term loans receivable

Allowance for doubtful accounts
Total investments and other assets
Total fixed assets
Total assets

72

Toyota Industries Report 2011

¥ 144,956
99,946
11,13330,82937,873
14,34918,320737
521
153,275¥ 141,787
46,241
9,575
50,446—13,14915,014316
310
158,100

511,944434,941

205,649
236,60282,813309,256
46,924
12,321

231,401
299,208
108,014351,00945,234
14,507

893,568
1,405,512

1,049,375
1,484,316

80,46280,462

106,179
412,029(50,703)

106,179
378,648(50,689)

Total shareholders’ equity

547,968

514,601

Accumulated other comprehensive income:
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment

488,277
46(8,075)544,068(9)(2,430)480,248
2,132
45,589
1,075,939¥ 2,481,452

541,628
1,720
46,978
1,104,929¥ 2,589,246

Current liabilities:
Trade notes and accounts payable
Short-term loans payable
Commercial paper
Current portion of bonds
Lease obligations
Accounts payable—otherAccrued income taxes
Deferred tax liabilities
Allowance for bonuses to directors and corporate auditors
Other current obligations
Total current liabilities
Long-term liabilities:
Bonds payable
Long-term loans payable
Lease obligations
Deferred tax liabilities
Allowance for retirement benefits
Other long-term liabilities
Total long-term liabilities
Total liabilities
Shareholders’ equity:
Capital stock
Authorized — 1,100,000,000 shares
Issued— 325,840,640 shares as of March 31, 2011
325,840,640 shares as of March 31, 2010
Capital surplus
Retained earnings
Treasury stock
14,275,721 shares as of March 31, 2011
14,269,943 shares as of March 31, 2010

Total accumulated other comprehensive income
Subscription rights to shares
Minority interests
Total net assets
Total liabilities and net assets

Consolidated Balance Sheets

497,2782010

Financial Section / Corporate Information

Lease investment assets
Short-term investments

2011

73

Consolidated Statements of Income

Consolidated Statements of Comprehensive Income

Toyota Industries Corporation
For the years ended March 31, 2011 and 2010

Toyota Industries Corporation
For the years ended March 31, 2011 and 2010
Millions of yen

Millions of yen

2011

2010

Net sales¥ 1,479,839¥ 1,377,769

Income before minority interests

Cost of sales

1,250,313

1,194,399

Other comprehensive income

229,526

183,370

Gross profit

2011

Selling, general and administrative expenses:

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

Sales commissions

8,913

6,814

Foreign currency translation adjustment

Salaries and allowances

62,96964,716

Share of other comprehensive income of associates accounted for using equity method

Retirement benefit expenses

2,020

1,953

Comprehensive income

Depreciation

6,332

8,151

Profit attributable to:

Research and development expenses

21,727

19,482

Owners of the parent

Others

58,76560,248

Minority interests

68,79822,002

Interest income

9,172

10,804

Dividends income

14,975

15,297

Gain on sales of marketable securities

488

135

Equity in net earnings of affiliated companies

—

744

7,407

7,413

Operating income¥ 49,058

2010

¥

—

(55,834)—

55—(6,375)

—

(300)

—

(13,396)—(14,174)

—

777

—

Non-operating income:(Reference)

Interest expenses(15,773)(17,847)

Loss on disposal of fixed assets(1,281)(1,257)(473)—

Equity in net losses of affiliated companies
Other non-operating expenses
Ordinary income(5,535)31,756

Consolidated Statements of Income

Losses on the Great East Japan Earthquake(4,631)—

Losses on business restructuring of the Materials Handling Equipment Segment—(43,099)

69,279(11,343)

Income taxes — current

25,456

13,320

Income taxes — deferred(5,234)(438)

Income (loss) before income taxes and minority interests

Income before minority interests
Income on minority interests in consolidated subsidiaries¥

49,058

—

1,852

2,048

47,205¥(26,273)(1) Comprehensive income as of March 31, 2010 is as follows:
Millions of yen

2010
Comprehensive income attributable to:
Owners of the parent
Minority interests
Total¥ 132,888
1,848¥ 134,737

Consolidated Statements of Comprehensive Income(9,402)73,911

Extraordinary losses:

Net income (loss)

Financial Section / Corporate Information

Financial Section / Corporate Information

Other non-operating income
Non-operating expenses:(2) Other comprehensive income as of March 31, 2010 is as follows:
Millions of yen

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Share of other comprehensive income of associates accounted for using equity method
Total

2010
¥ 151,677
(33)
7,018
300
¥ 158,962

Yen

Net income (loss) per share— basic
Net income (loss) per share— diluted
Net assets per share
Cash dividends per share74

Toyota Industries Report 2011

¥ 151.51¥(84.33)——3,300.17

3,390.02

50.00

30.00

75

Consolidated Statements of Changes in Net Assets

Toyota Industries Corporation
For the years ended March 31, 2011 and 2010
Millions of yen

2011

Toyota Industries Report 2011

80,46280,462¥80,46280,462

106,179

106,180(0)(0)
106,179(0)(0)
106,179

378,648412,294(14,020)—
196
47,20533,381
412,029(6,231)(1,138)(1)(26,273)(33,646)
378,648(50,689)(50,672)

(15)
1
(13)
(50,703)

(18)
1
(16)
(50,689)

514,601

548,264(14,020)—
196
47,205(15)
033,367547,968(6,231)(1,138)(1)(26,273)(18)
0(33,663)514,601

544,068

392,489(55,790)(55,790)488,277

151,578
151,578
544,068

2011

Deferred gains or losses on hedges
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders’ equity
Total changes of items during the period
Balance at the end of current period
Foreign currency translation adjustment
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders’ equity
Total changes of items during the period
Balance at the end of current period
Total accumulated other comprehensive income
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders’ equity
Total changes of items during the period
Balance at the end of current period
Subscription rights to shares
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders’ equity
Total changes of items during the period
Balance at the end of current period
Minority interests
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders’ equity
Total changes of items during the period
Balance at the end of current period
Total net assets
Balance at the end of previous period
Changes of items during the period
Dividends from surplus
Increase (decrease) due to increase in consolidated subsidiaries
Increase (decrease) due to decrease in consolidated subsidiaries
Net income (loss)
Repurchase of treasury stock
Disposal of treasury stock
Net changes of items other than shareholders’ equity
Total changes of items during the period
Balance at the end of current period

¥

2010

(9)

¥

24

55
55
46

(33)
(33)
(9)

(2,430)(10,048)(5,645)(5,645)(8,075)

7,618
7,618
(2,430)541,628

382,466(61,380)(61,380)
480,248

159,162
159,162541,628

1,720

1,224

411
411
2,132

496
496
1,720

46,97845,715(1,389)(1,389)45,5891,263
1,263
46,978

1,104,929

977,670(14,020)—
196
47,205(15)
0(62,357)(28,990)¥ 1,075,939(6,231)(1,138)(1)(26,273)(18)
0160,922
127,259¥ 1,104,929

Consolidated Statements of Changes in Net Assets

Consolidated Statements of Changes in Net Assets

76

¥

2010

Financial Section / Corporate Information

Financial Section / Corporate Information

Shareholders’ equity
Capital stock
Balance at the end of previous period
Balance at the end of current period
Capital surplus
Balance at the end of previous period
Changes of items during the period
Disposal of treasury stock
Total changes of items during the period
Balance at the end of current period
Retained earnings
Balance at the end of previous period
Changes of items during the period
Dividends from surplus
Increase (decrease) due to increase in consolidated subsidiaries
Increase (decrease) due to decrease in consolidated subsidiaries
Net income (loss)
Total changes of items during the period
Balance at the end of current period
Treasury stock
Balance at the end of previous period
Changes of items during the period
Repurchase of treasury stock
Disposal of treasury stock
Total changes of items during the period
Balance at the end of current period
Total shareholders’ equity
Balance at the end of previous period
Changes of items during the period
Dividends from surplus
Increase (decrease) due to increase in consolidated subsidiaries
Increase (decrease) due to decrease in consolidated subsidiaries
Net income (loss)
Repurchase of treasury stock
Disposal of treasury stock
Total changes of items during the period
Balance at the end of current period
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders’ equity
Total changes of items during the period
Balance at the end of current period

Millions of yen

77Consolidated Statements of Cash Flows

Board of Directors,
Corporate Auditors and Managing Officers

Toyota Industries Corporation
For the years ended March 31, 2011 and 2010

(As of June 16, 2011)

Board of Directors
Millions of yen

Toyota Industries Report 2011

¥ 69,279
89,576—(195)(24,148)
15,773473
11,650(16,953)
3,440
19,228168,125
24,173(15,882)(22,755)
153,661¥ (11,343)
110,119
36,902
84(26,101)
17,847(744)(777)
17,334
36,164
7,372
186,859
26,145(17,976)
8,424
203,452(48,085)
7,645(56,000)
2,963
(25)
41
(30)
730
(89,351)(5,461)(187,574)(48,312)15,729(3,927)
197
(781)
—
(293)
2,003
—
(1,470)(36,855)(6,759)
240
(826)
4,002
(49,180)(15)(14,020)(528)
143(18,784)(85,728)(2,382)(122,024)
317,590¥ 195,566(37,614)
27,820(1,915)50,000(33,286)(18)(6,231)(625)—(36,359)(38,230)
1,211
129,578
188,011¥ 317,590

ChairmanPresident

Executive Vice President

Akira Imura

Tetsuro Toyoda

Kazunori Yoshida

Executive Vice President

Executive Vice President

Executive Vice President

Yasuharu Toyoda

Kimpei Mitsuya

Tetsuo Agata

Senior Managing Directors

Masafumi Kato
Kosaku Yamada
Toshiyuki Sekimori
Chiaki Yamaguchi
Kazue Sasaki

Directors

Hirotaka Morishita
Shinya Furukawa
Akira Onishi
Masaharu Suzuki

Yorihito Ikenaga
Fujio Cho

Board of Directors, Corporate Auditors and Managing Officers

Consolidated Statements of Cash Flows

78

2010

Financial Section / Corporate Information

Financial Section / Corporate Information

Cash flows from operating activities:
Income (loss) before income taxes and minority interests
Depreciation and amortization
Impairment loss
Increase (decrease) in allowance for doubtful accounts
Interest and dividends income
Interest expenses
Equity in net (earnings) losses of affiliated companies(Increase) decrease in receivables(Increase) decrease in inventories
Increase (decrease) in payables
Others, net
SubtotalInterest and dividends income received
Interest expenses paid
Income taxes (paid) received
Net cash provided by operating activities
Cash flows from investing activities:
Payments for purchases of property, plant and equipment
Proceeds from sales of property, plant and equipment
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
Proceeds from sales of subsidiaries’ stock resulting in change in scope of consolidation
Payments for loans madeProceeds from collections of loans
Net decrease (increase) in time deposits
Others, net
Net cash used in investing activities
Cash flows from financing activities:
Increase in short-term loans payable
Proceeds from long-term loans payable
Repayments of long-term loans payable
Proceeds from issuances of bonds
Repayments of bonds
Payments for repurchase of treasury stocks
Cash dividends paid
Cash dividends paid to minority shareholders
Proceeds from payment by minority shareholders
Others, net
Net cash 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 year
Cash and cash equivalents at end of year

2011

Corporate Auditors
Full-Time Corporate Auditors

Shigetaka Yoshida
Kakuo Ishikawa

Corporate Auditors

Katsuaki Watanabe
Toshio Mita
Hans-Juergen MarxManaging Officers
Senior Managing Officers

Takaki Ogawa
Takashi Okubo
Norio Sasaki
Toshifumi Ogawa
Toshifumi Onishi
Kohei Nozaki

Managing Officers

Taku Yamamoto
Yukihisa Tsuchimoto
Kan Otsuka
Hiroaki Asai
Takashi Ito
Toshiya Yamagishi
James J. Malvaso
Junichi Harada

Mikihiko Okamoto
Suguru Nakano
Tamotsu Sawada
Hirooki Fujiwara
Yasuhiro Murata
Yojiro Mizuno
Masahiro Kawaguchi
Susumu Toyoda

79Major Consolidated Subsidiaries(As of March 31, 2011)■ Major Consolidated Subsidiaries (in Japan)
Company Name

Location

Ownership
Ratio* (%)

Business Activities

Country

Company Name

Location

Ownership
Ratio* (%)

Business Activities●Consolidated Subsidiaries
Aichi Corporation

Ageo-shi, Saitama

Production of aerial work platforms

51.0

Wanbishi Archives Co., Ltd.

Minato-ku, Tokyo

Total information management, insurance services

100.0

TIBC Corporation

Obu-shi, Aichi

Production of semiconductor package substrates

60.0

HANDA Casting Company

Handa-shi, Aichi

Production of foundry parts

100.0

Asahi Security Co., Ltd.

Minato-ku, Tokyo

Secure transport of cash and valuables, management of proceeds, equipment security
services

100.0

TOYOTA L&F Tokyo Co., Ltd.

Shinagawa-ku, Tokyo

Sales and servicing of materials handling equipment

100.0

Altex Co., Ltd.

Hamamatsu-shi, Shizuoka

Production of compressor parts

100.0

Suita-shi, Osaka

Sports facilities, real estate lease, restaurant management

100.0

IZUMI MACHINE MFG. CO., LTD.

Obu-shi, Aichi

Production of specialized machine tools, friction welding machines, automotive parts

100.0

Tokyu Co., Ltd.

Niwa-gun, Aichi

Production of compressor parts and industrial machinery

100.0

Logistics planning, operation of distribution centers

100.0

Toyoda High System, Incorporated

Kariya-shi, Aichi

Planning, development, formulation and operation of information infrastructure and systems

100.0

Nishina Industrial Co., Ltd.

Nagano-shi, Nagano

Production of materials handling equipment and construction machinery parts

97.5

KTL Co., Ltd.

Koto-ku, TokyoManagement and operation of distribution centers

50.5

Tokaiseiki Co., Ltd.

Iwata-shi, Shizuoka

Production of compressor and engine parts, etc.

100.0

Taikoh Transportation Co., Ltd.

Kariya-shi, Aichi

Trucking, warehousing, distribution consulting

51.8

SKM CORPORATION

Kariya-shi, Aichi

Total management of buildings, security management, civil engineering/construction design
work and real estate management

100.0

Unica Co., Ltd.

Kiyosu-shi, Aichi

Production of in-house transporters

100.0

Niwa-gun, Aichi

Production of compressor parts

Nagao Kogyo Co., Ltd.

Nagoya-shi, Aichi

Production of compressor, materials handling equipment and weaving machinery parts

TOYOTA L&F Shizuoka Co., Ltd.

Shizuoka-shi, Shizuoka Sales and servicing of materials handling equipment

100.0

TOYOTA L&F Hyogo Co., Ltd.

Kobe-shi, Hyogo

Sales and servicing of materials handling equipment

100.0

TOYOTA L&F Fukui Co., Ltd.

Fukui-shi, Fukui

Sales and servicing of materials handling equipment

100.0

Hara Corporation

Ibi-gun, Gifu

Production of textile machinery and parts

100.0

Sun Valley Inc.

Kariya-shi, Aichi

Sales of goods, travel agency, organizing and running of events

100.0

Miduho Industry Co., Ltd.

Nagoya-shi, Aichi

Production of automotive, compressor and materials handling equipment parts

Sun Staff, Inc.

Kariya-shi, Aichi

Personnel placement, contract office staffing

100.0

Toyota Industries Europe AB

MjölbyHolding company for materials handling equipment business in Europe

100.0

Toyota Material Handling Europe AB

MjölbyEuropean headquarters for materials handling equipment business

100.0

BT Products AB

MjölbyProduction of materials handling equipment

100.0

Toyota Material Handling Sweden AB

BrommaSales and servicing of materials handling equipment

100.0

Toyota Industries Finance International AB

MjölbyFunding, loan, other financial services

100.0

NorwayToyota Material Handling Norway AS

Trondheim

Sales and servicing of materials handling equipment

100.0

Finland

Toyota Material Handling Finland OY

VantaaSales and servicing of materials handling equipment

100.0

LatviaToyota Material Handling Baltic SIA.

Riga

Sales and servicing of materials handling equipment

100.0

PolandToyota Material Handling Polska Sp. z o.o.

Pruszków

Sales and servicing of materials handling equipment

100.0

Denmark

Toyota Material Handling Danmark A/SSlangerup

Sales and servicing of materials handling equipment

100.0

U.K.

Toyota Material Handling UK Limited

Slough, Berkshire

Sales and servicing of materials handling equipment

100.0

Toyota Material Handling Deutschland GmbH

Langenhagen

Sales and servicing of materials handling equipment

100.0

TD Deutsche Klimakompressor GmbH

Bernsdorf

Production of compressors

65.0

Toyota Industrial Equipment, S.A.

AncenisProduction of materials handling equipment

100.0

Germany

FranceToyota Industrial Equipment Europe, S.A.R.L.

AncenisSales of materials handling equipment

100.0

BT France S.a.r.l.

Marne La ValléeSales and servicing of materials handling equipment

100.0

Toyota Material Handling Europe Brussels
NV/SA

Brussels

Sales and marketing of materials handling equipment

100.0

Toyota Material Handling Belgium NV/SA

Wilrijk

Sales and servicing of materials handling equipment

100.0

Netherlands Toyota Material Handling Nederland B.V.

Ede

Sales and servicing of materials handling equipment

100.0

Spain

Toyota Material Handling España, S.A.

Barberá del VallésSales and servicing of materials handling equipment

100.0

Austria

Toyota Material Handling Austria GmbH

Wiener Neudorf

Sales and servicing of materials handling equipment

100.0

Belgium

Sales and servicing of materials handling equipment

100.0

Sales and servicing of materials handling equipment

100.0

Hungary

Toyota Material Handling Hungary Kft.

Budapest

Sales and servicing of materials handling equipment

100.0

Toyota Material Handling Schweiz AG

ZürichSales and servicing of materials handling equipment

50.0

Toyota Textile Machinery Europe, AG

Uster

Sales and servicing of textile machinery

100.0

CESAB Carrelli Elevatori S.p.A.

Bologna

Production of materials handling equipment

100.0

Toyota Material Handling Italia S.r.l.

Bologna

Sales and servicing of materials handling equipment

100.0

Toyota Material Handling Greece SA

Markopoulo, Attica

Sales and servicing of materials handling equipment

100.0

Shanghai

Sales of materials handling equipment

100.0

Kunshan, Jiangsu

Production of materials handling equipment and parts for automobiles,
etc.

70.0

60.0

Switzerland

100.0
Italy
Greece■ Major Consolidated Subsidiaries and Affiliates (outside Japan)
Ownership
Ratio* (%)

Asia and Oceania
Toyota Material Handling (Shanghai) Co., Ltd.

●Consolidated Subsidiaries

Toyota Industry (Kunshan) Co., Ltd.

North America
Columbus, Indiana

Holding company in the U.S.A.

100.0

China

TD Automotive Compressor Kunshan Co., Ltd. Kunshan, Jiangsu

Production of compressors

59.8

Kunshan, Jiangsu

Production of automotive parts

60.0

ShanghaiInstallation and servicing of textile machinery

100.0

Shanghai

Import/export, Chinese domestic distribution, operation of distribution
centers

100.0

Toyota Material Handling North America, Inc.

Columbus, Indiana

North American headquarters for materials handling equipment business

100.0

Toyota Industry Automotive Parts (Kunshan)Co., Ltd.

Toyota Industrial Equipment Mfg., Inc.

Columbus, Indiana

Production of materials handling equipment

100.0

Toyota Textile Machinery (Shanghai) Co., Ltd.

The Raymond Corporation

Greene, New York

Production of materials handling equipment

100.0

Raymond-Muscatine Inc.

Muscatine, Iowa

Production of materials handling equipment

100.0

Toyota Industries Trading & Logistics (China)
Co., Ltd.

North Vernon Industry Corp.

North Vernon, Indiana Production of materials handling equipment parts

100.0

Indiana Hydraulic Equipment, Corp.

Franklin, Indiana

Production of materials handling equipment parts

100.0

Toyota Material Handling, U.S.A., Inc.

Irvine, California

Sales of materials handling equipment

100.0

Michigan Automotive Compressor, Inc.

Parma, Michigan

Production of compressors

60.0

TD Automotive Compressor Georgia, LLC

Pendergrass, Georgia Production of compressors

65.0

Toyoda Textile Machinery, Inc.

Charlotte, North
Carolina

Sales and servicing of textile machinery

100.0

G. N. Johnston Equipment Co., Ltd.

Mississauga, Ontario

Sales and servicing of materials handling equipment

100.0

Toyota Industries Report 2011

Major Consolidated Subsidiaries

Major Consolidated Subsidiaries

Rudna*Including indirect investment

80

100.0

Bratislava

100.0

CanadaSales and servicing of textile machinery

Toyota Material Handling CZ s.r.o.

Distribution service contracting; planning, management and operation of distribution centers

U.S.A.

São Paulo

Toyota Material Handling Slovensko s.r.o.

Management and operation of employee clubs

Toyota Industries North America, Inc.

Toyota Máquinas Têxteis Brasil Ltda

Slovakia

Obu-shi, Aichi

Business Activities

100.0

100.0

Kariya-shi, Aichi

Location

Sales and servicing of materials handling equipment

100.0

Shine’s Co., Ltd.

Company NameSão Paulo

Czech
Republic

ALT Logistics Co., Ltd.

Country

Sweden100.0

Planning and operation of benefit programs; administrative processing services for payroll
accounting, etc.

Toyota Material Handling Mercosur Comerciode Equipamentos LTDA

Financial Section / Corporate Information

Financial Section / Corporate Information

Iwama Loom Works, Ltd.

Toyota Industries Well Support CorpoKariya-shi, Aichi
rationBrazilEuropeSun River Co., Ltd.

Advanced Logistics Solutions Co., Ltd. Obu-shi, Aichi

South America

Toyota Material Handling India Pvt. Ltd.

Delhi

Sales and servicing of materials handling equipment

100.0

Kirloskar Toyoda Textile Machinery Pvt. Ltd.

Bangalore

Production of textile machinery and parts for automobiles

95.1

Indonesia

P.T. TD Automotive Compressor Indonesia

Bekasi

Production of compressors

71.4

Australia

Toyota Material Handling Australia Pty Limited

New South Wales

Sales and servicing of materials handling equipment

100.0

India

*Including indirect investment●Affiliates Accounted for by the Equity Method
EuropePolandToyota Motor Industries Poland Sp. z o.o.

Jelcz-Laskowice

Production of diesel engines

40.0

81

Major Production Bases

Investor Information(As of March 31, 2011)■ Major Plants (Parent Company)
Plant

Main Products

Start of Operations(As of March 31, 2011)

Corporate Head Office

Stock Exchange Listings

TOYOTA INDUSTRIES CORPORATIONTokyo, Osaka and Nagoya (Ticker Code: 6201)

Kariya Plant

Textile machinery, compressors

1927

2-1, Toyoda-cho, Kariya-shi, Aichi, 448-8671, Japan

Obu Plant

Parts for compressors

1944

Telephone: +81-(0)566-22-2511

Number of Shareholders

Kyowa Plant

Electronic equipment, automotive press dies, production facilities, engine parts

1953

Facsimile: +81-(0)566-27-5650

21,447

Nagakusa Plant

Vehicles1967

Takahama Plant

Materials handling equipment, materials handling systems

1970

Hekinan Plant

Diesel engines, gasoline engines

1982

Date of Establishment

Independent Accountant

Higashichita Plant

Foundry parts, diesel engines

2000

November 18, 1926

PricewaterhouseCoopers Aarata

Higashiura Plant

Parts for compressors

2002

Anjo Plant

Electronic equipment

2007

Sumitomo Fudosan Shiodome Hamarikyu Bldg.

Common Stock

8-21-1 Ginza, Chuo-ku, Tokyo, 104-0061, Japan

No par value
Company Name
1

Toyota Industrial Equipment Mfg., Inc.

Transfer Agent
Special Account Management Institution

Authorized: 1,100,000,000 shares■ Major Plants (Outside Japan)
Location
5555 Inwood Drive, Columbus, Indiana 47201 U.S.A.

Year of Foundation

Issued:325,840,640 shares

Mitsubishi UFJ Trust and Banking Corporation

1988

2

Michigan Automotive Compressor, Inc.

2400 North Dearing Road, Parma, Michigan 49269 U.S.A.

1989

Capital Stock3

TD Automotive Compressor Georgia, LLC

1000 Valentine Industrial Parkway, Pendergrass, Georgia 30567 U.S.A.

2004

80,462 million yen

4

Toyota Industrial Equipment, S.A.

ZAC de l’Aéropôle-B.P.77-F-44152 Ancenis Cedex, France

1995

5

TD Deutsche Klimakompressor GmbH

Weißiger Straße 6, 02994 Bernsdorf, Germany

1998

6

Toyota Motor Industries Poland Sp. z o.o.

ul. Japonska 6, Leg, 55-220, Jelcz-Laskowice, Poland

2002

7

Kirloskar Toyoda Textile Machinery Pvt. Ltd.

Plot No.10-13, Phase II, Jigani Industrial Area, Anekal Taluk,
Bangalore District-562 106, India

1995

8

TD Automotive Compressor Kunshan Co., Ltd.

412 San Xiang Road, Kunshan E.&T. Development Zone, Jiangsu, P.R. China

2005

9

Toyota Industry (Kunshan) Co., Ltd.

18 Zhonghuayuan Road, Kunshan E.&T. Development Zone, Jiangsu, P.R.China

1994
2004

11 BT Products AB

1946

Svarvargatan 8, SE-595 81 Mjölby, Sweden

Major Shareholders (Top 10)
Number of Shares Held(Thousands)

Percentage of Total
Shares in Issue (%)

Toyota Motor Corporation

76,60023.51

DENSO Corporation

29,647

9.10

Towa Real Estate Co., Ltd.

15,697

4.82

9,873

3.03

12 CESAB Carrelli Elevatori S.p.A.

Via Persicetana Vecchia 10, 40132 Bologna, Italy

1942

The Master Trust Bank of Japan, Ltd. (Trust Account)

13 The Raymond Corporation

8 South Canal Street #20, Greene, New York 13778 U.S.A.

1922

Third Avenue Funds

8,313

2.55

Toyota Tsusho Corporation

8,289

2.54

7,346

2.25

Nippon Life Insurance Company

6,735

2.07

Aisin Seiki Co., Ltd.

6,578

2.02

Mitsui Sumitomo Insurance Company, Limited

5,345

1.64

174,428

53.53

Total

Investor Information

Major Production BasesJapan Trustee Services Bank, Ltd. (Trust Account)

Financial Section / Corporate Information

Financial Section / Corporate Information

10 Toyota Industry Automotive Parts (Kunshan) Co., Ltd. 408 San Xiang Road, Kunshan E.&T. Development Zone, Jiangsu, P.R. China

1-4-5, Marunouchi, Chiyoda-ku, Tokyo, 100-8212, Japan

Notes: 1. Toyota Industries Corporation also holds 14,275 thousand shares of treasury stock but is excluded fromthe above list.
2. Shares held for the purpose of trust services of respective banks are as follows:
The Master Trust Bank of Japan, Ltd. (Trust Account)9,873 (Thousands)
Japan Trustee Services Bank, Ltd. (Trust Account)
7,346 (Thousands)

Distribution of Shares
0.4%
4.4%
8.3%

Japanese corporate entities
Foreign corporate entities and others

20.3%

46.1%

Japanese financial institutions
Individuals, etc.
Treasury stock

20.5%

82

Toyota Industries Report 2011

Japanese brokerages

83