FINANCIAL SUMMARYFY2011

Third Quarter(April 1, 2010 through December 31, 2010)

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 thewords “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 and its
Group companies undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise. Therefore, it is advised that you should not rely solely upon these projections andforward-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 materially from any
projections or forward-looking statements discussed in this report. These risks and uncertainties include, but are not limited 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.

February 3, 2011

FY2011 Third Quarter Consolidated Financial Results<under Japanese GAAP>(April 1, 2010 - December 31, 2010)

TOYOTA INDUSTRIES CORPORATION
Stock exchange listings: Tokyo, Osaka and Nagoya (Code number: 6201) (URL: http://www.toyota-industries.com/ )Representative person: Tetsuro Toyoda, President
Contact person: Toshifumi Ogawa, Senior Managing Officer, General Manager of Accounting Department(Tel. +81-(0)566-22-2511)
The expected date of submission of the quarterly report: February 10, 2011
(Amounts less than one million yen are omitted)

1. Financial Highlights for FY2011 Third Quarter (April 1, 2010 - December 31, 2010)(1) Consolidated Financial Results(% : change from the same period of previous year)

Net sales

Operating income%Million yen

FY2011
Third Quarter
FY2010Third Quarter

Ordinary income%Million yen

Net income%Million yen%

Million yen

1,106,820

10.9

54,705404.8

62,623177.3

39,188236.3

997,888(23.7)

10,837(42.5)

22,580(53.4)

11,653(57.6)FY2011
Third Quarter
FY2010Third Quarter

Net income
per share―basicNet income
per share―diluted

Yen

Yen

125.78----037.40----(2) Consolidated Financial Position
Total assets

Equity ratio

Total net assets

Million yen

Net assets per share%

Million yen

Yen

FY2011
Third Quarter

2,424,649

1,046,148

41.2

3,208.97

FY20102,589,246

1,104,929

40.8

3,390.02(Note) Shareholders' equity: FY2011 Third Quarter ― 999,805 million yen, FY2010 ― 1,056,230 million yen
2. Cash Dividends
Annual cash dividends per share
Second quarter
Third quarter
Fiscal year-end

First quarter
YenYenYen

FY201000.0-

10.00

00.0-

FY2011

00.0-

25.00

00.0-

FY2011(Forecast)

Yen

Yen

20.00

30.00

25.00

50.00

(Note) Changes in the forecasted cash dividends in this quarter : No
3. Forecasts of Consolidated Financial Results for FY2011 (April 1, 2010 - March 31, 2011)(% : change from the same period of previous year)

Net sales

FY2011

Operating incomeOrdinary income

Net income
per share―basicNet income

Million yen%

Million yen%

Million yen%

Million yen

1,480,000

7.4

65,000195.4

70,000120.4

41,000(Note) Changes in the forecasts of consolidated financial results in this quarter : No%-Yen

131.59

4. Others (Please see page 3 "2.Others" on attached documents for details.)(1) Changes in major subsidiaries (specified subsidiaries that changed company's consolidationin this quarter) : No
(2) Application of simplified accounting methods and special accounting methods
for the preparation of quarterly consolidated financial statements : Yes(3) Changes in accounting principles, procedures and method of presentation of quarterly consolidated
financial statements (changes made in significant items that form the basis of preparation of quarterly
consolidated financial statements)① Changes arising from revision of accounting policies : Yes② Changes other than ① : No
(4) Issued and outstanding capital stock① Number of shares outstanding at end of each period (including treasury stock):
FY2011 Third Quarter －325,840,640 shares, FY2010 －325,840,640 shares② Number of treasury stock outstanding at end of each period:
FY2011 Third Quarter －14,274,445 shares, FY2010 －14,269,943 shares③ Average number of shares outstanding for each period:
FY2011 Third Quarter －311,569,120 shares, FY2010 Third Quarter －311,574,053 shares* Progress of procedures for financial review of quarterly financial results
・ The quarterly consolidated financial statements are under procedures of financial review, at the timeof disclosure of this report.
* 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 not guarantees of future performance. Certain risks and uncertainties could cause
the actual results of Toyota Industries to differ materially from any projections discussed in this report.
・ Our projections are based on assumed exchange rates of ¥80 = US$1 and ¥110 = €1 for the remainderof the fiscal year.
・ Please see page 2 on attached documents for details on performance forecasts in "3. Qualitative
information regarding forecast for FY2011".

(Attached Documents)

Contents

1.Qualitative Information and Financial Statements(1) Qualitative information regarding consolidated business results(2) Qualitative information regarding consolidated financial condition(3) Qualitative information regarding forecast for FY2011
2.Others(1) Changes in major subsidiaries(2) Application of simplified accounting methods and special accounting
methods for the preparation of quarterly consolidated financial statements(3) Changes in the accounting principles, procedures and method of presentationof quarterly consolidated financial statements
3. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(2) Quarterly Consolidated Statements of Income(3) Note on premise of going concern(4) Note on significant changes in the amount of shareholders' equity(5) Segment information- 1 -22223333446777

1. Qualitative Information and Financial Statements(1) Qualitative information regarding consolidated business results
Total consolidated net sales of Toyota Industries amounted to 1,106.8 billion yen, an increase of
109.0 billion yen, or 11%, from the same period of the previous fiscal year. The following is a review ofoperations for the major business segments.
Net sales of the Automobile Segment totaled 611.0 billion yen, an increase of 54.5 billion yen, or 10%,from the same period of the previous fiscal year. Within this segment, net sales of the Vehicle Businessamounted to 286.4 billion yen, roughly on par with the results of the same period of the previous fiscalyear, due mainly to an increase in sales of the Vitz (Yaris overseas), although sales of the RAV4 andMark X ZiO decreased slightly.
Net sales of the Engine Business totaled 151.3 billion yen, an increase of 36.1 billion yen, or 31%,attributable primarily to an increase in sales of KD diesel engines and AR gasoline engines.
Net sales of the Car Air-Conditioning Compressor Business totaled 143.1 billion yen, an increase of
16.2 billion yen, or 13%, resulting from higher sales in Japan and overseas.
Net sales of the Materials Handling Equipment Segment totaled 358.2 billion yen, an increase of 39.4
billion yen, or 12%. This is mainly owing to an upturn in sales of lift trucks in domestic and overseasmarkets.
Net sales of the Logistics Segment amounted to 81.1 billion yen, roughly on par with the results of thesame period of the previous fiscal year. This is attributable to the solid results of the cargo transportbusiness of automotive-relative parts and collection and delivery of cash and management of sales
proceeds.
Net sales of the Textile Machinery Segment totaled 29.9 billion yen, an increase of 17.4 billion yen, or138%, owing to an increase in sales of air-jet looms to China.
In terms of overall profit, despite the rising prices of raw materials, exchange rate fluctuations,increase in labor cost and decrease in the net amount of non-operating income and expenses, Toyota
Industries posted consolidated operating income of 54.7 billion yen, an increase of 43.9 billion yen or405%, from the same period of the previous fiscal year; ordinary income of 62.6 billion, an increase of
40.1 billion yen, or 177%, from the same period of the previous year, and net income of 39.1 billion yen,
an increase of 27.5 billion yen or 236% from the same period of the previous year. These results weredue to higher sales and maintaining a streamlined corporate structure.
(2) Qualitative information regarding consolidated financial condition
Total assets decreased 164.6 billion yen from the end of the previous fiscal year to 2,424.6 billion yen,due mainly to a decrease in market value of investment securities. Net assets amounted to 1,046.1
billion yen, a decrease of 58.8 billion yen from the end of the previous fiscal year.
(3) Qualitative information regarding forecast for FY2011
Toyota Industries forecasts consolidated net sales of 1,480.0 billion yen, operating income of 65.0
billion yen, ordinary income of 70.0 billion yen and net income of 41.0 billion yen. Our projections arebased on assumed exchange rates of ¥80 = US$1 and ¥110 = €1 for the remainder of the fiscal year.

- 2 -2. Others(1) Changes in major subsidiaries: No(2) Application of simplified accounting methods and special accounting methods for the preparationof quarterly consolidated financial statements① Inventory valuation
In calculating inventories as of the end of the third quarter of the fiscal year under review,actual calculation of inventories has been omitted, being replaced with a determination ofinventory using a rational calculation method based on actual inventory at the end of second
quarter. Furthermore, reductions in the book value of inventories have only been made incases where there have been clear reductions in potential earnings. In such cases, the bookvalue has been written down on an estimated net basis.
② Calculation of fixed asset depreciation
Depreciation expenses for fixed assets depreciated by the declining-balance method havebeen calculated by allocating depreciation expenses related to the fiscal year under review by
their remaining terms.
③ Calculation of income taxes, deferred tax assets and deferred tax liabilities
The inclusion of additions and subtractions and tax deduction items in the calculation ofincome tax payments has been limited to significant items.
When there has been no marked change in the business environment or temporary
fluctuations since the end of the previous fiscal year, the potential recovery of deferred tax
assets is determined based on the business performance forecasts of the previous fiscal year
and tax planning methods.
(3) Changes in the accounting principles, procedures and method of presentation of quarterly
consolidated financial statements① Application of Accounting Standard for Asset Retirement Obligations
Effective from the fiscal year beginning April 1, 2010, Toyota Industries applies Financial
Accounting Standard No. 18 “Accounting Standard for Asset Retirement Obligations” and its
Implementation Guidance No. 21 “Guidance on Accounting Standard for Asset Retirement
Obligations,” both of which were issued on March 31, 2008 by the Accounting Standards
Board of Japan.
② Application of Accounting Standard for Consolidated Financial Statements
Effective from the fiscal year beginning April 1, 2010, Toyota Industries applies Cabinet Office
Ordinance No. 5 “Cabinet Office Ordinance Partially Revising Regulation for Terminology,
Forms and Preparation of Consolidated Financial Statements,” which was issued on March 24,
2009 and is based on Financial Accounting Standard No. 22 “Accounting Standard forConsolidated Financial Statements” issued on December 26, 2008 by the AccountingStandards Board of Japan. Accordingly, Toyota Industries includes “Income before Minority
Interests” in the financial statements from the first quarter of the fiscal year.

- 3 -3. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Million yen)
FY2011 Third Quarter(As of December 31, 2010)

FY2010(As of March 31, 2010)

AssetsCurrent assets
Cash and deposits

177,883

287,965

Trade notes and accounts receivable

147,462

163,708

Short-term investment securities

164,920

71,391

Merchandise and finished goods

39,83337,358Work in process

28,12625,672

Raw materials and supplies

28,471

25,318Deferred tax assets

13,846

17,182Other current assets

64,55647,307

Allowance for doubtful accounts(2,856)(3,103)

662,245672,801

Buildings and structures, net

160,230

169,991

Machinery, equipment and vehicles, net

184,729

212,079

Tools, furniture and fixtures, net

22,69921,840Land

119,065

119,517

9,680

8,547

496,405

531,977

Goodwill

66,65872,745

Software

9,502

9,976

Total intangible assets

76,16082,722

1,082,515

1,162,685

Long-term loans receivable

5,022

5,554

Deferred tax assets

9,737

10,429Other investments and other assets

92,767

123,278

(204)

(202)

1,189,838

1,301,744

1,762,404

1,916,444

2,424,649

2,589,246

Total current assets
Fixed assets
Property, plant and equipment

Construction in progress
Total property, plant and equipment
Intangible assets

Investments and other assets
Investment securities

Allowance for doubtful accounts
Total investments and other assets
Total fixed assets
Total assets- 4 -(Million yen)
FY2011 Third Quarter(As of December 31, 2010)
Liabilities
Current liabilities
Trade notes and accounts payable
Short-term loans payable
Commercial paper
Current portion of bonds
Accounts payable-other
Income taxes payable
Deferred tax liabilities
Provision for directors' bonuses
Other current liabilities
Total current liabilities
Long-term liabilities
Bonds payable
Long-term loans payable
Lease obligations
Deferred tax liabilities
Provision for retirement benefits
Other long-term liabilities
Total long-term liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Valuation and translation adjustments
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustmentTotal valuation and translation adjustments
Subscription rights to shares
Minority interests
Total net assets
Total liabilities and net assets- 5 -FY2010(As of March 31, 2010)

135,850
58,25715,805
12,70012,781249
327
189,686
425,659

141,787
46,241
9,575
50,44613,14915,014316
310
158,100
434,941

236,298
275,568
76,277305,133
45,84813,716
952,841
1,378,501

231,401
299,208
108,014351,00945,234
14,507
1,049,375
1,484,316

80,462
106,179
403,815(50,699)
539,757

80,462
106,179
378,648(50,689)
514,601

476,412114(16,479)
460,047
1,966
44,375
1,046,148
2,424,649

544,068(9)(2,430)541,628
1,720
46,978
1,104,929
2,589,246

(2) Quarterly Consolidated Statements of Income(Million yen)
FY2010 Third Quarter
FY2011 Third Quarter(Nine months result ended (Nine months result ended
December 31, 2009)
Decemeber 31, 2010)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Other non-operating income
Total non-operating income
Non-operating expenses
Interest expenses
Other non-operating expenses
Total non-operating expenses
Ordinary income
Extraordinary losses
Loss on business restructuring of theMaterials Handling Equipment Segment
Total extraordinary losses
Income before income taxes andminority interests
Income taxes-current
Income taxes-deferred
Total income taxes
Income before minority interests
Minority interests in income
Net income- 6 -997,888868,806
129,081
118,243
10,837

1,106,820
934,522
172,297
117,592
54,7058,208
15,2596,316
29,784

6,831
14,9495,192
26,973

13,6524,388
18,04022,58011,864
7,191
19,05562,6233,760-

3,760-

18,81962,623

4,892
708
5,601
1,564
11,653

19,3052,874
22,18040,443
1,255
39,188

(3) Note on premise of going concern : No
(4) Note on significant changes in the amount of shareholders’ equity
During the third quarter of FY2011 (the nine months from April 1 to December 31, 2010), Toyota Industries Corporation paid dividendsof 14,020 million yen from retained earnings.
(5) Segment Information
FY2010 Third Quarter (Nine months result ended December 31, 2009)Automobile

Materials
handling
equipment

556,529

318,898

Logistics(Million yen)
Textilemachinery

OthersTotal

Eliminations

Consolidated

997,888-997,888

Net sales(1) Outside customer sales

81,333

12,59328,533

9,002

684

4,150

44

7,763

21,645(21,645)-

Total

565,532

319,583

85,483

12,63736,296

1,019,533(21,645)997,888

Operating income (loss)

12,068(5,890)3,368(1,981)

2,910

10,475361

10,837(2) Inter-segment transactions

FY2011 Third Quarter (Nine months result ended December 31, 2010)
AutomobileMaterials
handling
equipment

611,033

358,263

Logistics(Million yen)
Textilemachinery

OthersTotal

Eliminations

Consolidated-

1,106,820

Net sales(1) Outside customer sales

81,10929,936

26,476

1,106,820(2) Inter-segment transactions

16,138

551

5,582

2

7,274

29,549(29,549)-Total

627,172

358,814

86,69229,93933,7501,136,369(29,549)

1,106,820

Segment income

25,937

19,853

4,126

1,993

2,512

54,424280

54,705(Notes) 1. Products and Services of each reportable segment :Automobile.........................….. Vehicles, diesel and gasoline engines, car air-conditioning compressors,
foundry parts, electronics components
Materials handling equipment... Lift trucks, warehouse trucks, automated storage and retrieval systems, aerial work platforms
Logistics………………………… Land transportation services, cash collection and delivery and cash proceeds management services,
data storage, management, collection and delivery services
Textile machinery……………… Weaving machinery, spinning machinery
Others…………………………... Semiconductor package substrates

2. Segment income of 280 million yen is inter-segment elimination.
3. Segment income is adjusted to operating income of Quarterly Consolidated Statements of Income.
(Additional Information)
Effective from the fiscal year beginning April 1, 2010, Toyota Industries applied Financial Accounting Standard No. 17 “RevisedAccounting Standard for Disclosures about Segments of an Enterprise and Related Information”, issued on March 27, 2009 and its
Implementation Guidance No. 20 “Guidance on Accounting Standard for Disclosures about Segments of an Enterprise and RelatedInformation”, issued on March 21, 2008 by the Accounting Standards Board of Japan.

- 7 -