Contents

Financial Highlights

1

Message from the Chairman and President

2-5

Summary of Business Activities

6-17

Corporate Social Responsibility

32-37

Corporate Governance

32-33

6-7

Responsibility to Our Customers

34

Materials Handling Equipment

8-11

Responsibility to Our Business Partners

35

Automobile

12-15

Responsibility to Our Associates

36

Vehicle12

Responsibility to Our Local Communities

37

Engine13

Car Air-Conditioning Compressor

14

Car Electronics

15

Corporate Data

38-39

Logistics

16

Board of Directors, Corporate Auditors

Textile Machinery

17

Environmental Initiatives

18-31

Financial Section

41-71

Special Feature (Environmental Design for Lift Trucks)

18-20

Financial Section

41

Global Environmental Commitment

21

Management’s Discussion and Analysis ofEnvironmental Management

22

Business Activities and Their Environmental Impact

23

Consolidated Balance Sheets

48-49

Targets and Results of the Fourth Environmental Action Plan

24

Consolidated Statements of Income

50

Curbing Global Warming

25-27

Consolidated Statements of Changes in Net Assets

51

Resource Utilization

28

Consolidated Statements of Cash Flows

52

Reduction in Environmental Risk

29

Notes to Consolidated Financial Statements

53-69

Environmental Communication

30

Report of Independent Auditors

70

Environmental Accounting/On-Site Verification

31

Investor Information

71

Business Performancefor the Year Ended March 31, 2009

and Managing Officers

Financial Condition and Results of Operations

4042-47

Cautionary Statement with Respect to Forward-Looking Statements
This report contains projections and other forward-looking statements that involve risks and uncertainties. The 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 the Toyota Industries Group regarding its plans,outlook, strategies and results for the future. All such projections and forward-looking statements are based on management’s assumptions and beliefs derived from the information available at the time ofproducing this report and are not guarantees of future performance. Toyota Industries undertakes no obligation to publicly update or revise any forward-looking statements in this report, whether as a resultof new information, future events or otherwise. Therefore, it is advised that you should not rely solely upon these projections 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 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) pricecompetition, (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 price fluctuations, (11) effects of disasters, power blackouts and other incidents, (12) latent risks associated with international activities and (13) retirement benefit liabilities.

Toyota Industries Report 2009