FINANCIAL SUMMARY
FY2007(April 1, 2006 through March 31, 2007)

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.

April 26, 2007

FY2007 Consolidated Financial Results
TOYOTA INDUSTRIES CORPORATION
Stock exchange listings: Tokyo, Osaka and Nagoya (Code number: 6201) (URL:http://www.toyota-industries.com/ )Head office: 2-1, Toyoda-cho, Kariya-shi, Aichi-ken, 448-8671 Japan
Representative person: Tetsuro Toyoda, President
Contact person: Toshifumi Ogawa, General Manager of Accounting Departmen (Tel. +81-(0)566-22-2511)
The expected date of the Ordinary General Meeting of Shareholders: June 21,2007
The expected date of dividends payment: June 22,2007

1. Financial Highlights for FY2007 (April 1, 2006 - March 31, 2007)(Amounts less than one million yen are omitted)(% : change from the same period of previous year)(1) Consolidated financial results
Net sales
FY2007
FY2006

1,878,398
1,505,955

Operating income%
24.7 )
21.3 )

million yen((

Net income
per share―basic

million yen

89,95464,040((Ordinary income%
40.5 )
20.6 )Net income
per share―diluted

108,484
80,635

Net income%
34.5 )
13.7 )

million yen((

59,46847,077

Ordinary incomeon assets

Return on equity

Yen
Yen
%
189.88189.663.5
FY2007146.16146.02
3.5
FY2006
Notes: Equity in net income of affiliates: FY2007: 317 million yen, FY2006: 3,593 million yen%
26.3 )
8.6 )million yen((

Operating incomeon sales
%
4.8
4.3

%

3.2
2.9

(2) Consolidated financial position
Total assets

Total net assts

Million yen

Equity ratio%

Million yen

3,585,857
1,810,483
FY2007
3,245,341
1,611,227
FY2006
Notes: Equity capital: FY2007: 1,751,401 million yen, FY2006: − million yen(3) Consolidated cash flows
Cash flows fromoperating activities

Cash flows frominvesting activities

Million yen

Yen

48.8
49.6

5,612.11
5,044.45

Cash flows fromfinancing activities

Cash and cash equivalents
at the end of year

Million yen

177,467
131,784

FY2007
FY2006Equity per share

Million yen△ 164,446△ 205,013

Million yen

108,569
112,596△ 19,749
85,172

2. Cash dividends
Annual cash dividends per share
InterimYear-end
Yen

Yen

Total amount of annual
cash dividends
Yen

FY2006
FY2007

38
50

18
22

20
28

FY2008(Forecast)

56

28

28

Dividend payout
ratio

Total amount ofdividends on net assets%

Million yen

12,133
15,602

26.0
26.3

%

0.9
0.9

27.7

3. Forecasts of Consolidated Financial Results for FY2008 (April 1, 2007 - March 31, 2008)(% : change from the same period of previous year)

Net sales

940,000

FY20081,950,000%

Ordinary income%

million yen

(

2.9 )

45,000( 12.4 )57,000(3.8 )95,000(

5.6 )115,000

million yen

FY2008semi-annual

Operating income%

million yen

(

6.5 )

31,000

(

2.4 )

99.33

(

6.0 )

63,000(5.9 )201.87

million yen-1-

Net income
per share―basic

Net income%

Yen4.Others(1)Changes in significant subsidiaries : None
(2) Changes in standards, procedures and presentations regarding presentation of consolidated financial statements① Changes arising from revision of accounting policies : Yes② Changes other than ① : None
Please see page 11 for details on changes in accounting policies in "Basis of Presenting Consolidated Financial Statements".
(3) Issued and outstanding capital stock
1. Number of shares outstanding at end of each year: FY2007−325,840,640 shares, FY2006−325,840,640 shares
2. Number of treasury stock outstanding at end of each year: FY2007−13,765,165 shares, FY2006−6,520,194 shares
3. Average number of shares outstanding for each period: FY2007−313,191,120 shares, FY2006−319,125,005 shares(Reference) FY2007 Non-consolidated Financial Results
1. Financial Highlights for FY2007 (April 1, 2006 - March 31, 2007)(1) Non-consolidated financial results
Net sales
million yen

FY2007
FY2006

1,135,668
950,746((

Operating income%
19.5 )
21.2 )Net income
per share―basic((%
34.8 )
8.2 )million yen

58,01343,050Net income((

million yen

40,24230,427((%32.3 )
15.6 )Net income
per share―diluted

Yen

FY2007
FY2006

Ordinary income%
19.6 )
9.3 )million yen

39,29432,865(% : change from the same period of previous year)

Yen

128.4994.40

128.34
94.31(2) Non-consolidated financial position
Total assets

Total net assts

Million yen

Equity ratio

Equity per share%

Million yen

3,048,062
1,637,020
FY20072,829,272
1,532,771
FY2006
Notes: Equity capital: FY2007: 1,636,817 million yen, FY2006: − million yen

Yen

53.7
54.2

5,244.94
4,799.16

2. Forecasts of non-consolidated Financial Results for FY2008 (April 1, 2007 - March 31, 2008)(% : change from the same period of previous year)

Net sales

Operating income

million yen

FY2008semi-annual

FY2008%million yen

million yen%

million yen

%

(

3.7 )

19,000(12.7 )

30,000(2.4 )21,000(2.3 )1,170,000

(

3.0 )

41,000(4.3 )60,000(3.4 )41,000

(

1.9 )

Yen

FY2008%Net income

560,000

Net sales
FY2008semi-annual

Ordinary income

67.29
131.38-2-

Business Results and Financial Position
1. Business Results and Financial Position
In fiscal 2007 (ended March 31, 2007), the Japanese economy was on a steady recovery track.
Private-sector capital investment increased on the back of strong corporate earnings while
consumer spending was on a mild upswing as employment conditions improved. The overall
economic outlook continued to remain strong overseas, with U.S. and European economies
expanding and ongoing brisk growth in China.
In this operating environment, Toyota Industries undertook efforts to strengthen its corporate
structure by ensuring customer trust through its dedication to quality, the development of appealing
new products, aggressive sales promotions and the execution of a Group-wide program to reduce
costs.
As a result, total consolidated net sales amounted to 1,878.3 billion yen, an increase of 372.4
billion yen, or 25%, over fiscal 2006 (ended March 31, 2006). The following is a review of operations
for the major business segments.
Sales increased in the automobile industry as a whole. Although domestic sales were sluggish
during fiscal 2007, higher sales in the Asian and Latin American markets gave rise to an overall
increase in overseas sales.
Net sales of the Automobile Segment totaled 904.8 billion yen, an increase of 158.1 billion yen,or 21%, over fiscal 2006.
Within this segment, net sales of the Vehicle Business totaled 470.2 billion yen, an increase of
98.2 billion yen, or 26%, over fiscal 2006. The RAV4 recorded solid sales in the U.S. and Europe,
while the Vitz (Yaris in Europe) posted strong sales outside Japan.
Net sales of the Engine Business totaled 167.4 billion yen, an increase of 35.1 billion yen, or 26%,
over fiscal 2006, due mainly to increases in sales of KD diesel engines for Toyota Motor
Corporation’s Innovative International Multi-Purpose Vehicle (IMV) Series as well as AD diesel
engines fitted in the RAV4 for Europe.
Net sales of the Car Air-Conditioning Compressor Business totaled 235.4 billion yen, an increaseof 19.5 billion yen, or 9%, over fiscal 2006. While sales decreased in the domestic market, sales
increased in North America, Europe and China.
In the materials handling equipment industry as a whole, sales remained strong in the Japanesemarket. Overseas markets continued to expand in conjunction with economic expansion in the U.S.
and Europe as well as the growth of BRICs economies.
Net sales of the Materials Handling Equipment Segment totaled 767.2 billion yen, an increase of
172.0 billion yen, or 29%, over fiscal 2006. As a result of a change in the fiscal year-end of the BT
Industries Group, net sales of the Materials Handling Equipment Segment included sales of the BT
Industries Group for the three-month period from January to March 2006 amounting to 64.7 billion
yen. During fiscal 2007, Toyota Industries continued to strengthen its sales network and undertook
proactive sales promotion activities, which contributed to strong sales for TOYOTA and BT brands.
Following a full model change, Toyota Industries commenced sales of its mainstay model 1- to
3.5-ton internal combustion lift trucks (sold as GENEO in Japan and 8-Series overseas) in
September 2006 and January 2007 in Japan and the U.S., respectively. The new lift truck provides
even greater product value, featuring higher levels of performance in terms of safety, environmental
attributes and ease of operation. Aichi Corporation, which engages in the manufacture and sales ofaerial work platforms, posted a significant increase in sales bolstered by replacement demand fromthe electricity and telecommunications industries.
The overall operating environment was severe in the logistics industry as the volume of cargotransport continued to decline in the domestic market accompanied by an increase in costs resulting
from higher crude oil prices.
Net sales of the Logistics Segment totaled 89.4 billion yen, an increase of 24.3 billion yen, or
37%, over fiscal 2006, due largely to the solid performance of the logistics solutions andtransportation businesses as well as an increase in the transport volume of automotive parts.
In the textile machinery industry as a whole, the mainstay Chinese market remained strong on
the back of robust capital investment supported by rapid growth.
Net sales of the Textile Machinery Segment totaled 58.4 billion yen, an increase of 8.7 billion yen,or 17%, from fiscal 2006. In fiscal 2007, sales of more than 10,000 air-jet looms, primarily to China,
represented a notable achievement for the first time in 69 years for weaving machinery. Strong
sales of spinning machinery in India also contributed to the remarkable performance of thesegment.
-3-During fiscal 2007, ordinary income amounted to 108.4 billion yen, an increase of 27.8 billion yen,or 35%, over fiscal 2006. Despite the effects of a steep rise in raw materials costs, as well as
increases in depreciation and personnel expenses, this increase was achieved due largely to higher
sales, cost-reduction efforts throughout the Group and an increase in non-operating income. Net
income amounted to 59.4 billion yen, an increase of 12.4 billion yen, or 26%, over fiscal 2006.
Cash flows from operating activities increased by 177.4 billion yen in fiscal 2007, due mainly toincome before income taxes in an amount of 108.3 billion yen. Net cash provided by operating
activities increased by 45.7 billion yen from 131.7 billion yen in fiscal 2006. Cash flows frominvesting activities resulted in a decrease in cash by 164.4 billion yen in fiscal 2007, attributableprimarily to payments for purchases of property, plant and equipment amounting to 155.5 billion yen.
Net cash used in investing activities increased by 40.6 billion yen from 205.0 billion yen for fiscal
2006. Cash flows from financing activities resulted in a decrease in cash by 19.7 billion yen in fiscal
2007, due mainly to payments for repurchase of treasury stock in an amount of 35.5 billion yen. Net
cash provided by financing activities decreased by 104.8 billion yen from 85.1 billion yen in fiscal
2006.
After translation adjustments, cash and cash equivalents as of March 31, 2007 stood at 108.5
billion yen, a decrease of 4.0 billion yen, or 4%, over fiscal 2006.

2. Distribution of Profits for FY2007
Including the interim cash dividend of 22.0 yen per common share paid in November 2006, and a
year-end cash dividend of 28 yen per common share, Toyota Industries declares that total cash
dividends for fiscal 2007 will be 50 yen per common share, an increase of 12 yen per commonshare over fiscal 2006.

3. Forecast for the Fiscal Year Ending March 31, 2008
In fiscal 2008, ending March 31, 2008, despite an anticipated slowdown in the overall growth rate,
expansion of the Japanese economy is expected to continue. Uncertainties persist, however,regarding the direction of the U.S. economy and a sustained increase in crude oil prices, precluding
optimism.
For fiscal 2008, Toyota Industries forecasts consolidated net sales of 1,950.0 billion yen, ordinary
income of 115.0 billion yen, operating income of 95.0 billion yen and net income of 63.0 billion yen.
We are determined to place utmost emphasis on product quality and develop and market
leading-edge products that anticipate customer needs. We will make further concerted efforts toengage in sales and service activities and undertake cost reduction activities.
Our projections are based on an exchange rate of ¥115.0 = US$1.

Overview of Associated Companies“Business Organization (Business Information)” and “Overview of Associated Companies” areomitted since there are no significant changes from the latest financial statements (submitted onJune 22, 2006).

-4-

Management Policy

1. Basic Management Policy
The basic management policies of Toyota Industries Corporation and its Group companies(“Toyota Industries”) are upheld as its basic corporate philosophy. We believe putting the following
stated beliefs into viable sincere actions by all employees will lead to greater corporate value.
(1)

Toyota Industries is determined to comply with the letter and the spirit of the law,in Japan and overseas, and to be fair and transparent in all its dealings.

(2)

Toyota Industries is respectful of the people, culture and traditions of eachcountry and region in which it operates. It also works to promote economic
growth and prosperity in those countries and regions.

(3)

Toyota Industries believes that economic growth and conservation of the naturalenvironment are compatible. It strives to offer products and services that areclean, safe and of high quality.

(4)

Toyota Industries conducts intensive product research and forward-looking
development activities to create new value for its customers.

(5)

Toyota Industries nurtures the inventiveness and other abilities of its employees.
It seeks to create a climate of cooperation, so that both employees and theCompany can realize their full potential.

2. Basic Policy on the Distribution of Profits
Toyota Industries regards the benefits of shareholders as one of its most importantmanagement policies. Based on this stance, we will strive to strengthen Toyota Industries’
corporate constitution, promote proactive business development and raise its corporate value.
Toyota Industries’ dividend policy is to meet the expectations of shareholders while giving fullconsideration to business performance, capital demand, dividend payout ratio on a consolidated
basis and other factors.
Toyota Industries will use retained earnings to improve the competitiveness of its products,
augment production capacity in Japan and overseas, as well as expand into new fields of businessand strengthen its corporate constitution in securing future profits for its shareholders. It will also
use retained earnings to repurchase treasury stock.
Changes to the Articles of Incorporation and the quarterly distribution of dividends after the newcorporate law is put into effect are currently under consideration.

-5-3. Medium- to Long-Term Management Strategies
Rooted in its basic philosophy, Toyota Industries “strives to offer products and services that areclean, safe and of high quality.” We are fully committed to continuing to improve corporate value.
Product quality continues to be a constant priority for the medium to long term. We also remaincommitted to giving considerations to the environment and safety as well as increasing ourcompetitive strengths. Promoting technological advancements and strengthening our value chain
will enable us to develop and offer leading-edge products that anticipate customer needs. Alongwith augmenting global consolidated management and building a business structure that can takeadvantage of the collective strength of Toyota Industries, we will work to enhance team strengthand spirit, and nurture personnel of international caliber who will lead the Toyota Industries Groupto the next level of growth.
Specifically, the Vehicle and Engine businesses will expand their respective scopes of businessby contributing to the global strategy of Toyota Motor Corporation s (“TMC”). We will also work to
expand the scope of business by strengthening the development capability of power electronics
components to be fitted in TMC’s hybrid vehicles. The Materials Handling Equipment and Car
Air-Conditioning Compressor businesses will strive to solidify the leading global position whileaiming for higher market share and better performance through global business expansion. The
Textile Machinery Business will aim for stable business management by maintaining the top sharein the global air-jet loom market. The Logistics Business will concentrate on high value-added
businesses and strengthen its business foundation..
Through successful implementation of these measures, Toyota Industries aims for theundisputed No. 1 position and increased corporate value. Through sincere considerations for theenvironment and local communities, we also seek socially harmonious growth.
The new Medium-Term Management Vision, which started from fiscal 2007 (ending March 31,2007), targets consolidated net sales of more than 2 trillion yen and ordinary income of 140.0
billion yen in fiscal 2011 (ending March 31, 2011).

-6-

Consolidated Balance Sheets
FY2007(As of March 31, 2007)

FY2006(As of March 31, 2006)

Increase(Decrease)568,001

509,266

58,735

Cash and deposits

110,516

94,474

16,042

Trade notes and accounts receivable

234,611200,690

33,92130,06545,002(14,937)

120,737

104,534

16,203

Deferred tax assets

17,92418,096(172)

Other current assets

56,93049,133

7,797

Less－allowance for doubtful
accounts(2,784)(2,665)(119)

3,017,856

2,736,074

281,782

Property, plant and equipment

605,922526,154

79,768

Buildings and structures

171,897

155,168

16,729Machinery, equipment and vehicles

269,769

240,467

29,302Tools, furniture and fixtures

26,081

22,310

3,771

Land

99,117

87,213

11,904

Construction in progress

39,05620,99418,062

112,816

109,968

2,848

Goodwill

101,102

97,485

3,617

Softwarel

11,714

12,483(769)

2,299,117

2,099,951

199,166

2,226,575

2,031,863

194,712

8,460

8,591

(131)

11,603

11,358

245

7,435

6,842

593

45,274

41,532

3,742

(232)

(237)

5

3,585,857

3,245,341

340,5166 5 1 , 6 5 3

5 8 5 , 9 9 5

6 5 , 6 5 8

5 , 1 2 8

2 , 7 2 3

2 , 4 0 5

4 , 7 1 7

5 , 4 4 3

( 7 2 6 )AssetsCurrent assets

Marketable securities
Inventories

Fixed assets

Intangible assets

Investments and other assets
Investments in securities
Long-term loans
Long-term prepaid expenses
Deferred tax assets
Other investments and other assets
Less－allowance for doubtful
accounts
Total assets
Notes: 1. Accumulated depreciation ofproperty, plant and equipment
Notes: 2. Liabilities for guarantees
3. Allowance for retirement and severance
benefits for directors and corporate auditors(included in allowance for retirement benefits)-7-

(Million yen)

FY2007(As of March 31, 2007)

FY2006(As of March 31, 2006)

Increase(Decrease)558,405

446,118

112,287

205,168

182,595

22,573

Short-term bank loans

37,10338,928(1,825)

Commercial paper

33,76029,6804,080

Current portion of bonds

60,00015,00045,000

Other payables

37,80830,6207,188

Accrued expenses

77,69867,674

10,024

Accrued income taxes

25,854

13,625

12,229Deposits received from employees

22,02020,914

1,106

Deferred tax liabilities

3,162

3,857

(695)

Other current liabilities

55,82943,221

12,608Long-term liabilities

1,216,969

1,138,724

78,245

Bonds

250,761

283,831(33,070)

Long-term debt

141,567

106,267

35,300

Deferred tax liabilities

751,764

681,50370,261

Allowance for retirement benefits

45,482

46,535(1,053)

Other long-term liabilities

27,393

20,585

6,808

1,775,374

1,584,842

190,532-

49,270(49,270)

Shareholders’ equity

540,696

530,150

10,546

Common stock

80,46280,462-

Capital surplus

105,055

105,665(610)

Retained earnings

402,431358,385

44,046

Treasury stock at cost

(47,253)(14,363)(32,890)

1,210,704

1,081,077

129,627

1,157,793

1,047,190

110,603

(0)

-

(0)

52,91233,886

19,026

202

-

202

Minority interest inconsolidated subsidiaries

58,878-58,878

Total net assets

1,810,483

1,611,227

199,256

Total liabilities andnet assets

3,585,857

3,245,341

340,516

Liabilities
Current liabilities
Trade notes and accounts payable

Total liabilities
Minority interest inconsolidated subsidiaries
Net assets

Valuation and translation
adjustments
Net unrealized gains or losses
on other securities
Deferred gains or losses on Hedges
Foreign currencytranslation adjustments
Subscription rights to shares-8-Consolidated Statements of Income(Million yen)(

FY2007
April 1, 2006 March 31, 2007

) (FY2006
April 1, 2005 March 31, 2006)

Increase(Decrease)

Net sales

1,878,398

1,505,955

372,443

Cost of sales

1,586,781

1,276,499

310,282

Gross profit

291,616

229,456

62,160

Selling, general andadministrative expenses

201,662

165,416

36,246

Operating income

89,95464,04025,914Non-operating income

50,88243,854

7,028Interest income

13,760

9,113

4,647

Dividends income

27,547

20,0907,457

Other non-operating income

9,575

14,649(5,074)Non-operating expenses

32,352

27,2595,093

Interest expenses

17,855

11,955

5,900

Other non-operating expenses

14,49715,303(806)

108,484

80,63527,849

4,305

-

4,305

4,305

-

4,305

4,390

-

4,390

4,390

-

4,390

108,399

80,63527,764

Income taxes－current

43,75030,446

13,304

Income taxes－deferred(2,209)(2,137)(72)

Minority interest inconsolidated subsidiaries

7,390

5,249

2,141

Net income

59,46847,077

12,391

Note: R&D expenses( included in selling, general andadministrative expenses and manufacturing cost)

3 4 , 5 4 8

3 1 , 1 6 6

3 , 3 8 2

Ordinary income
Extraordinary gains
Proceeds from sales of investment
securities
Extraordinary losses
Losses of discontinuing production ofdesignated electronics parts
Income before income taxes-9-Consolidated Statement of Changes in Total net assets

FY2007 (April 1, 2006 - March 31, 2007)(Million yen)
Shareholders’ equity

Balance at March 31,2006

Commonstock

CapitalsurplusRetainedearnings

80,462

105,665

358,385

Valuation and translation adjustments

Net
unrealized
Treasurygains orshareholders’
stock at costlosses onequityothersecurities
Total(14,363)530,150 1,047,190

Foreigncurrencytranslation
adjustments

Deferred
gains orlosses on
Hedges-Totalvaluationandtranslation
adjustments

33,886 1,081,077

Subscription Minority interestrights tosharesin consolidated
subsidiaries-

Total net
assets49,270 1,660,498

Change during accounting period

Surplus dividend

Bonuses to directors and corporate auditors
Decrease due to increase in affiliates accounted
for under the equity method
Decrease due to decrease in consolidated
subsidiaries
Net income for the period(13,250)(13,250)(13,250)

(427)

(427)

(427)

(1,673)(1,673)(1,673)

(71)

(71)

(71)

59,46859,46859,468(35,524)(35,524)(35,524)

2,634

2,024

2,024

Repurchase of treasury stock

Exercise of stock options(610)

Change to items other than shareholders' equity
during interim accounting period
Total change during accounting period

Balance at March 31,2007

110,602(0)

19,026

129,627

202

9,607

139,438

149,984-(610)

44,045(32,889)

10,546110,602(0)

19,026

129,627

202

9,607

80,462

105,055

402,431(47,253)

540,696 1,157,793(0)

52,912 1,210,704

202

58,878 1,810,483

Consolidated Statements of Retained Earnings(Million yen)
FY2006
April 1, 2005 March 31, 2006

(Capital surplus)
Capital surplus at beginning of period
Increase in capital surplus
Gain on disposal of treasury stock
Decrease in capital surplus
Capital surplus at end of period(Retained earnings)
Retained earnings at beginning of period
Increase in retained earnings
Net income for the period
Decrease in retained earnings
Cash dividends
Bonuses to directors and corporate auditors
Decrease due to increase in affiliates accounted for under the equity method

Retained earnings at end of period- 10 -

105,600
65
65
105,665
325,330
47,07747,077
14,021
11,793406
1,821
358,385

Consolidated Statements of Cash Flows(Million yen)(

FY2007

FY2006

April 1, 2006 March 31, 2007

April 1, 2005 March 31, 2006)(

Increase(Decrease))

Cash flows from operating activities
Income before income taxes and minority interestin consolidated subsidiaries

177,467

131,784

45,683

108,399

80,63527,764

Depreciation and amortization

87,287

Income taxes paid

106,060(250)(41,307)17,855(317)(25,836)(9,221)
15,022
17,238
187,642
41,294(17,777)(33,692)(30,498)

18,773(351)(12,103)
5,900
3,276
1,599
6
(6,534)
5,077
43,587
12,058(6,768)(3,194)

Cash flows from investing activities(164,446)(205,013)

40,567

Payments for purchases of property, plant andequipment(155,550)(161,504)

5,954

7,624

8,415

(791)

(47,726)

Proceeds from sales of investment securities(17,604)
8,419

2,045

30,122
6,374

Payments for acquisition of subsidiaries' stock
resulting in change in scope of consolidation(1,939)-(1,939)(3,172)
4,490(6,714)(2,256)(7,250)

(916)
1,226
536

Increase (decrease) in allowance for doubtful
Interest and dividends income
Interest expenses
Equity in net earnings of affiliates(Increase) decrease in receivables(Increase) decrease in inventories
Increase (decrease) in payables
Others, net
SubtotalInterest and dividends received
Interest paid

Proceeds from sales of property, plant andequipment
Payments for purchases of investment securities

Payments for loans madeProceeds from collections of loans
Others, net

101(29,204)
11,955(3,593)(27,435)(9,227)
21,376
12,161
144,055
29,236(11,009)

3,264

Cash flows from financing activities(19,749)

85,172(104,921)

Increase (decrease) in short-term loans(12,434)
40,004(14,020)
25,107(15,980)(35,524)(13,250)(1,039)7,388(22,902)

7,357

10,468(29,520)
1,180(10,655)(43,623)
4,320(35,472)(1,466)(185)
31Translation adjustments of cash and cash equivalents

2,700

117

2,583

Net increase (decrease) in cash and cash equivalents(4,027)

12,060(16,087)

Cash and cash equivalents at beginning of period

112,596

100,535

12,061

Cash and cash equivalents at end of period

108,569

112,596(4,027)67,59345,002

10,910(14,937)

Increase (decrease) in commercial paper
Proceeds from long-term loans
Repayments of long-term loans
Proceeds from issuance of bonds
Repayments of bonds
Payments for purchase of treasury stocks
Cash dividends paid
Cash dividends paid for minority shareholders
Others, net

29,52038,824(3,365)68,730(20,300)(52)(11,784)(854)

Note: Breakdown of cash and cash equivalents by accounts on the consolidated balance sheets:
Cash and deposits
Marketable securities

78,50330,065- 11 -

Basis of Presenting Consolidated Financial Statements

1. Fiscal years of consolidated subsidiaries(1) Some consolidated subsidiaries have a closing date other than March 31. The details are given below.
December 31

Aichi Corporation Group (2 companies),Toyota Industry (Kunshan) Co., Ltd.,
Toyota Material Handling (Shanghai) Co., Ltd., Toyota Industry Automotive Parts (Kunshan) Co., Ltd.,TD Automotive Compressor Kunshan, Co., Ltd., Toyota Industries Trading & Logistics (China) Co., Ltd.

(2) This financial summary was prepared using the results of Toyota Industries’ consolidated subsidiaries. Starting from thefiscal year ending March 31, 2007, however, some of the consolidated subsidiaries have changed their closing date from
December 31 to March 31. The details are given below.
Toyota Industries Sweden AB, BT Industries Group (66 companies),
Toyota Industries Finance International AB

2. Changes in Accounting Policies(1) Accounting Standard for Directors’ Bonuses
Effective April 1, 2006, Toyota Industries has applied the Accounting Standard for Directors’ Bonuses (Corporate
Accounting Standard No. 4 issued on November 29, 2005) to the consolidated financial statements.
(2) Accounting Standard for Presentation of Net Assets in the Balance Sheet
Effective April 1, 2006, Toyota Industries has applied the Accounting Standard for Presentation of Net Assets in the
Balance Sheet (Corporate Accounting Standard No. 5 issued on December 9, 2005) and the Guidance on AccountingStandard for Presentation of Net Assets in the Balance Sheet (Guidelines for the Application of Corporate AccountingStandards No. 8 issued on December 9, 2005) to the consolidated financial statements. In accordance with the changes,
the previous components under Shareholders’ Equity and Minority Interests in Consolidated Subsidiaries have beencombined into Net Assets, which have been further broken down into Shareholders’ Equity, Valuation and Translation
Adjustments, Subscription Rights to Shares and Minority Interests.
(3) Accounting Standard for Presentation of Share-based Payment
Effective April 1, 2006, Toyota Industries has applied the Accounting Standard for Share-based Payment (Corporate
Accounting Standard No. 8 issued on December 27, 2005) and the Guidance on Accounting Standard for Share-based
Payment (Guidelines for the Application of Corporate Accounting Standard No. 11 issued on May 31, 2006) to theconsolidated financial statements.

Items other than the above are omitted since there are no significant changes from the latest financial statements(submitted on June 22, 2006).
(Omission of disclosures)
Information on lease transactions, derivative transactions and stock options is omitted since the need to disclose suchinformation is not deemed significant.

- 12 -

Segment Information
1.Business segment information(1)FY2007 (April 1, 2006 - March 31, 2007)(Million yen)

Automobile

Materials
handling
equipment

Logistics

Textilemachinery(1) Outside customer sales

904,893

767,237

89,470(2) Intersegment transactions

21,134805

Total

926,028

Operating expenses

OthersTotal

Eliminations Consolidated

58,40358,392

1,878,398-

1,878,398

7,275

5

21,85551,077(51,077)-

768,042

96,74658,40980,2481,929,475(51,077) 1,878,398

892,435

720,840

94,96557,32773,9201,839,490(51,046) 1,788,443

Operating income

33,592

47,201

1,780

1,081

6,328

89,984(30)

89,954

Assets444,564593,607

132,857

17,034

113,156

1,301,220

2,284,637

3,585,857

Depreciation and amortization

53,557

41,947

4,178

1,087

5,288

106,060-

106,060

Capital expenditures

74,967

67,152

5,863

1,472

17,049166,505-

166,505

Net sales(2)FY2006 (April 1, 2005 - March 31, 2006)(Million yen)

Automobile

Materials
handling
equipment

Logistics

Textilemachinery(1) Outside customer sales

746,795

595,236

65,145(2) Intersegment transactions

20,768482

Total

767,564

Operating expenses

OthersTotal

Eliminations Consolidated

49,78948,9881,505,955-

1,505,955

6,355

22

20,851

48,480(48,480)-595,718

71,50049,811

69,8391,554,436(48,480) 1,505,955

747,468

556,950

69,91349,882

66,107

1,490,322(48,407) 1,441,915

Operating income

20,09538,768

1,587

(70)

3,732

64,113(73)

64,040Assets420,204

509,366

106,356

16,516103,083

1,155,527

2,089,813

3,245,341

Depreciation and amortization

48,37030,044

3,309

1,010

4,544

87,278987,287

Capital expenditures

101,897

43,520

4,046

730

8,620

158,81520

158,835

Net sales

Notes 1. Business segments are divided by the type and nature of the product.
2. Main products of each segment:
Automobile ………………………Passenger vehicles, diesel and gasoline engines, car air-conditioning compressors, electronics parts
Materials handling equipment ...Counterbalanced forklifts, warehouse equipment, automated storage and retrieval system, aerial work
platforms
Logistics …………………………Transportation services, collection and delivery of cash and management of sales proceeds
Textile machinery ………………Air jet looms, water jet looms, ring spinning frames
Others ……………………………Semiconductor package substrates
3. Assets included in the "Eliminations" are mainly cash and deposits, marketable securities and investments in securities of Toyota
Industries Corporation.

- 13 -

2.Geographical segment information(1)FY2007 (April 1, 2006 - March 31, 2007)(Million yen)

Japan

North
America

Europe(1) Outside customer sales

1,232,131

287,316

312,051(2) Intersegment transactions
Total

121,338

2,712

1,353,470

Operating expenses

Total

Eliminations Consolidated

46,897

1,878,398-

1,878,398

7,152

5,573

136,776(136,776)-

290,029

319,204

52,471

2,015,175(136,776)

1,878,398

1,284,500

284,095

307,91249,364

1,925,872(137,428)

1,788,443

Operating income

68,9705,934

11,292

3,106

89,302651

89,954

Assets887,351

196,769

337,866

66,1481,438,135

2,097,722

3,585,857

Japan

North
America

Europe(1) Outside customer sales

1,009,368

246,129

216,230

34,227

1,505,955-

1,505,955(2) Intersegment transactions
Total

112,543

2,056

5,689

3,998

124,288(124,288)-

1,121,912

248,186

221,919

38,226

1,630,243(124,288)

1,505,955

Operating expenses

1,069,137

241,467

217,370

36,743

1,564,719(122,804)

1,441,915

Operating income

52,775

6,718

4,548

1,482

65,524(1,484)64,040Assets834,716

179,116

278,825

48,2071,340,865

1,904,475

3,245,341

Others

Net sales(2)FY2006 (April 1, 2005 - March 31, 2006)(Million yen)

OthersEliminations Consolidated

Total

Net sales

3.Overseas sales(1)FY2007 (April 1, 2006 - March 31, 2007)(Million yen)

North America
Overseas sales

287,957

Europe347,617

Others156,338

Consolidated sales
Ratio of overseas sales to consolidated sales

15.3%

18.5%

8.4%

42.2%
(Million yen)

North America
247,957

Europe249,237

Others123,751

Consolidated sales
Ratio of overseas sales to consolidated sales

791,913
1,878,398(2)FY2006 (April 1, 2005 - March 31, 2006)

Overseas sales

Total

Total
620,946
1,505,955

16.5%- 14 -

16.5%

8.2%

41.2%

Breakdown of Consolidated Net Sales(Million yen)

FY2007(

FY2006

April 1, 2006 March 31, 2007
Amount)April 1, 2005 March 31, 2006(

Component

ratio

Amount%Automobile)

Increase(Decrease)% Change

Component

ratio

%

%

Vehicle470,28625.0

372,092

24.7

98,194

26.4

Engine167,4078.9

132,382

8.8

35,025

26.5

Car air-conditioning
compressor

235,47812.6

215,983

14.3

19,4959.0

Foundry, Electronics
parts and others

31,722

1.7

26,337

1.8

5,385

20.4

Subtotal

904,89348.2

746,795

49.6

158,098

21.2

Materials handlingequipment

767,23740.8

595,23639.5

172,001

28.9

Logistics

89,4704.8

65,145

4.3

24,325

37.3

Textile machinery

58,403

3.1

49,789

3.3

8,614

17.3

Others58,392

3.1

48,988

3.3

9,404

19.2

Total

1,878,398

100.0

1,505,955

100.0

372,443

24.7- 15 -

Non-consolidated Balance Sheets(Million yen; amounts less than one million yen are omitted.)

FY2007(As of March 31, 2007)

FY2006(As of March 31, 2006)

Increase(Decrease)2 6 6 , 1 5 1

2 6 8 , 9 5 7( 2 , 8 0 6 )

4 3 , 7 9 3

3 3 , 6 6 0

1 0 , 1 3 3

6 3 7

8 1 5

1 1 0 , 2 0 7

1 0 4 , 0 1 1

6 , 1 9 6

3 0 , 0 6 5

4 5 , 0 0 2( 1 4 , 9 3 7 )Finished goods

2 , 6 6 7

2 , 9 8 2

( 3 1 5 )Raw materials

3 7 4

3 5 7

Work in process

2 2 , 4 4 8

2 5 , 0 6 4

6 , 1 5 5

5 , 9 7 5

1 8 0

Prepaid expenses

4 2 8

3 2 8

1 0 0

Deferred tax assets

1 1 , 0 5 9

1 1 , 5 0 2( 4 4 3 )Other current assets
Less－allowance for doubtful
accounts

3 8 , 3 2 8

3 9 , 2 6 9( 9 4 1 )( 1 4 )

( 1 4 )

( 0 )2 , 7 8 1 , 9 1 0

2 , 5 6 0 , 3 1 5

2 2 1 , 5 9 5

3 3 0 , 9 2 4

3 1 3 , 1 6 6

1 7 , 7 5 8Buildings

8 4 , 0 6 0

8 5 , 4 0 6( 1 , 3 4 6 )Structures

1 1 , 3 0 4

1 1 , 5 8 6( 2 8 2 )1 3 6 , 8 1 6

1 3 3 , 6 0 2

1 , 4 5 9

1 , 6 8 5

( 2 2 6 )Tools, furniture and fixtures

1 1 , 9 1 0

1 2 , 3 9 1( 4 8 1 )Land

6 2 , 7 4 8

5 4 , 0 7 2

8 , 6 7 6

Construction in progress

2 2 , 6 2 5

1 4 , 4 2 1

8 , 2 0 4

7 , 6 8 9

8 , 9 4 4

( 1 , 2 5 5 )

7 , 6 8 9

8 , 9 4 4

( 1 , 2 5 5 )Investments and other assets

2 , 4 4 3 , 2 9 6

2 , 2 3 8 , 2 0 4

2 0 5 , 0 9 2

Investments in securities

2 , 1 6 6 , 6 4 9

2 , 0 2 6 , 0 2 3

1 4 0 , 6 2 6

2 5 1 , 4 2 9

1 8 8 , 0 0 5

6 3 , 4 2 4

1 3 , 8 7 1

1 1 , 2 3 6

2 , 6 3 5Long-term prepaid expenses

7 , 3 6 4

8 , 1 5 3

( 7 8 9 )Other investments and other assets
Less－allowance for doubtful
accounts

4 , 0 5 4

4 , 8 6 8

( 8 1 4 )AssetsCurrent assets
Cash and deposits
Trade notes receivable
Trade accounts receivable
Marketable securities

Supplies

Fixed assets
Property, plant and equipment

Machinery and equipment
Vehicles and delivery equipment

Intangible assets
SoftwareInvestments in subsidiaries
Long-term loans

Total assets
Notes: 1. Accumulated depreciation ofproperty, plant and equipment
Notes: 2. Liabilities for guarantees
3. Allowance for retirement and severance
benefits for directors and corporate auditors(included in allowance for retirement benefits)( 7 3 )

( 8 2 )

( 1 7 8 )1 7
( 2 , 6 1 6 )

3 , 2 1 4

9

3 , 0 4 8 , 0 6 2

2 , 8 2 9 , 2 7 2

2 1 8 , 7 9 0

4 1 9 , 4 5 4

3 8 9 , 2 9 8

3 0 , 1 5 6

6 9 , 0 9 3

5 5 , 4 9 3

1 3 , 6 0 0

3 , 7 6 0

4 , 6 2 0

- 16 -( 8 6 0 )

(Million yen)

FY2007(As of March 31, 2007)

FY2006(As of March 31, 2006)

Liabilities
Current liabilities
Trade notes payable

2 9 8 , 4 0 9
1 , 3 8 2

2 3 8 , 2 1 4
7 4 2

6 0 , 1 9 5
6 4 0

Trade accounts payable

1 3 6 , 4 2 7

1 2 8 , 1 8 8

8 , 2 3 9

Current portion of binds

6 0 , 0 0 0

1 5 , 0 0 0

4 5 , 0 0 0

Other payables

1 2 , 8 6 0

2 1 , 1 0 2( 8 , 2 4 2 )Accrued expenses

3 5 , 2 0 0

3 2 , 7 6 0

2 , 4 4 0

Accrued income taxes

1 0 , 7 3 2

4 , 2 3 8

6 , 4 9 4

Advance received

4 8 0

1 , 7 4 9

( 1 , 2 6 9 )Deposits received

1 9 , 4 9 9

1 3 , 4 8 6

6 , 0 1 3

Deposits received from employees

2 1 , 7 3 6

2 0 , 8 0 5

9 3 1

8 8
1 , 1 1 2 , 6 3 2
2 2 4 , 9 9 0

1 4 1
1 , 0 5 8 , 2 8 7
2 6 5 , 0 0 0

Long-term loans

1 1 5 , 0 0 0

9 2 , 5 0 0

2 2 , 5 0 0

Deferred tax liabilities

7 4 9 , 5 1 7

6 7 7 , 2 8 2

7 2 , 2 3 5

2 1 , 6 3 2

2 2 , 1 9 4

1 , 4 9 1
1 , 4 1 1 , 0 4 1

1 , 3 1 1
1 , 2 9 6 , 5 0 1

Shareholders’ equity

4 8 0 , 3 7 5

4 8 7 , 1 8 4( 6 , 8 0 9 )Common stock
Capital surplus
Capital reserve
Other capital reserve
Gain on disposal of treasury stock

8 0 , 4 6 2
1 0 5 , 0 3 3
1 0 1 , 7 6 6
3 , 2 6 7
3 , 2 6 7

8 0 , 4 6 2
1 0 5 , 6 4 3
1 0 1 , 7 6 6
3 , 8 7 7
3 , 8 7 7

( 6 1 0 )( 6 1 0 )( 6 1 0 )Retained earnings

3 4 2 , 1 3 2

3 1 5 , 4 4 2

2 6 , 6 9 0

Legal reserve
General reserve
Reserve for special depreciation
Reserve for reduction of
acquisition cost of fixed assets

1 7 , 0 0 4
3 2 5 , 1 2 8
8 6 9

1 7 , 0 0 4
2 9 8 , 4 3 7
6 7 9

2 6 , 6 9 1
1 9 0

2 4 9

2 6 3

General reserves
Unappropriated retained earnings
at end of year
Treasury stock at cost

2 2 0 , 0 0 0

2 0 0 , 0 0 0

2 0 , 0 0 0

1 0 4 , 0 0 9

9 7 , 4 9 4

6 , 5 1 5

( 4 7 , 2 5 3 )( 1 4 , 3 6 3 )( 3 2 , 8 9 0 )Other current liabilities
Long-term liabilities
Bonds

Allowance for retirement benefits
Other long-term liabilities
Total liabilities
Net assets

Valuation and translation
adjustments
Net unrealized gainon other securities
Deferred gains or losses on Hedges

Increase(Decrease)( 5 3 )
5 4 , 3 4 5( 4 0 , 0 1 0 )( 5 6 2 )1 8 0
1 1 4 , 5 4 0( 1 4 )

1 , 1 5 6 , 4 4 1

1 , 0 4 5 , 5 8 6

1 1 0 , 8 5 5

1 , 1 5 6 , 4 4 5

1 , 0 4 5 , 5 8 6

1 1 0 , 8 5 9

( 3 )

-

2 0 2

-

2 0 2

Total net assets

1 , 6 3 7 , 0 2 0

1 , 5 3 2 , 7 7 1

1 0 4 , 2 4 9

Total liabilities andnet assets

3 , 0 4 8 , 0 6 2

2 , 8 2 9 , 2 7 2

2 1 8 , 7 9 0

Subscription rights to shares- 17 -( 3 )Non-consolidated Statements of Income(Million yen)(

FY2007
April 1, 2006 March 31, 2007)(

FY2006
April 1, 2005 March 31, 2006)

Increase(Decrease)

Net sales

1,135,668

950,746

184,922

Cost of sales
Selling, general andadministrative expenses
Operating income

1,030,527

855,241

175,286

65,846

62,6383,208

39,29432,865

6,429

Non-operating income

33,74727,921

5,826

29,397

21,537

7,860

Other non-operating income

4,349

6,383

(2,034)Non-operating expenses

15,027

17,736(2,709)Interest expenses

5,819

4,863

956

Other non-operating expenses

9,208

12,872(3,664)58,01343,05014,963

4,305

-

4,305

4,305

-

4,305

4,390

-

4,390

4,390

-

4,390

Income before income taxes

57,92843,05014,878

Income taxes－current

18,605

12,106

6,499

Income taxes－deferred

(919)

517

(1,436)40,24230,427

9,815Interest income and dividends income

Ordinary income
Extraordinary gains
Proceeds from sales of investment
securities
Extraordinary losses
Losses of discontinuing productionof designated electronics parts

Net income- 18 -

Non-consolidated Statement of Changes in Total net assets

FY2007 (April 1, 2006 - March 31, 2007)(Million yen)
Shareholders’ equity
Retained earnings

Capital surplus

General reserves
Commonstock

Balance at March 31,2006

80,462

Capitalreserve

101,766

Other capital Total capitalreserve
surplus

3,877

105,643

Legal
reserve

17,004

Reserve forReserve for reduction of
acquisition
specialdepreciation cost of fixed
assets679

263

UnappropriatedGeneralreserves

retainedearnings at
end ofperiod200,000

97,49420,000(20,533)

Total
retainedearnings

315,442

Total

Treasuryshareholders’
stock at costequity(14,363)

487,184

Change during accounting period
Provision for reserve

533

Reversal of reserve

(344)

(14)

358

Surplus dividend
Bonuses to directors and corporate auditors
Net income for the period(13,250)(13,250)(13,250)

(301)

(301)

(301)

40,24240,24240,242

Repurchase of treasury stock
Exercise of stock options

(610)

(610)

(610)

(610)

3,267

105,033(35,524)(35,524)

2,634

2,024

Change to items other than shareholders' equity
during accounting period
Total change during accounting period

Balance at March 31,2007

80,462

101,766

-

189

(14)

20,0006,515

26,690(32,889)(6,809)17,004869

249

220,000

104,009342,132(47,253)

480,375

Valuation and translation adjustments

Balance at March 31,2006

Net
unrealized
gains orlosses onothersecurities

Deferred
gains orlosses on
Hedges

1,045,586-

Total
Subscription
valuationrights toandsharestranslation
adjustments
1,045,586-

Total net
assets1,532,771

Change during accounting period
Provision for reserve
Reversal of reserve
Surplus dividend(13,250)

Bonuses to directors and corporate auditors(301)

Net income for the period

40,242

Repurchase of treasury stock(35,524)

Exercise of stock options
Change to items other than shareholders' equity
during accounting period
Total change during accounting period

Balance at March 31,2007

2,024
110,858(3)

110,855

202

111,057

110,858(3)

110,855202

104,248

1,156,445(3) 1,156,441

202 1,637,020- 19 -

Changes in Directors

1. Retiring Members of the Board of Directors

Shinjiro Kamimura(Current Title)(Executive Vice President, Member of the Board)

2. Planned change in the Titles of the Members of the Board of Directors
Executive Vice President
Akira Imura(Current Title)(Senior Managing Director, Member of the Board)

3. New Candidates for the Managing Officer

Kohei Nozaki
Osamu Miura
Taku Yamamoto
Yukihisa Tsuchimoto(Current Title)(General Manager, Technical Learning Center, Engineering Education Office)(President, Toyota Industrial Equipment Europe, S.A.R.L)(General Manager, Corporate Planning Dept.)(General Manager, Compressor Division, Manufacturing Dept. No.1)- 20 -

April 26, 2007
TOYOTA INDUSTRIES CORPORATIONFINANCIAL SUMMARY for FY2007 (April 1, 2006 - Mar. 31, 2007)
1. Consolidated financial results(Billion yen, %)FY2007

FY2006

April 06 - March 07

April 05 - March 06

1,878.3
89.9
5.8%
108.4
3.2%
59.4
¥50
26.3%
38.9%
117
150
3,585.8
1,810.4
48.8%
129.0
26.3
74.4
162 companies
21 companies

Net sales
Operating income
Ordinary income
Net income
Dividends per share
Payout ratio <Consolidated><Non-consolidated>\/US$
Exchange rate\/EuroTotal assets
Total net assets
Equity ratio
Investments in tangible assets
Investments in overseas
Depreciation
Consolidated subsidiaries
Affiliates applied the equity method

Change%Amount1,505.9
372.4
64.0
25.9
5.4%
80.6
27.8
3.1%
47.0
12.4
¥38
¥12
26.0%
40.3%
113
4
138
12
3,245.3
340.5
1,611.2
199.2
49.6%
130.1
(1.1)
25.8
0.5
64.4
10.0
153 companies 9 companies
22 companies (1) company

FY2008 Forecast

Change%April 07 - March 08

1,950.0
95.0
5.9%
115.0
3.2%
63.0
\56
27.7%
42.6%
115
150
−
−
−
120.0
16.0
90.0
163 companies
20 companies

100.0%

100.0%

24.7

100.0%

3.8

4.8%

4.3%

40.5

4.9%

5.6

34.5
26.3

10.5
12.4
(0.8)
1.8
15.6

6.0
5.9

(7.0)
(39.2)
20.9

Note: Starting from FY2006, the BT Industries Group, which constitutes our network of subsidiaries, changed its fiscal year-end from December (Jan. - Dec.) to March (Jan. - next Mar.). As a result, thetable above includes the BT Industries Group's results from January 2006 to March 2007. Excluding the effects of changes in fiscal year (Jan. - Mar.), net sales amounted to 1,813.6 billion yen (up 307.7
billion yen, or 20.4%), operating income totaled 88.0 billion yen (up 24.0 billion yen, or 37.4%), ordinary income was 105.7 billion yen (up 25.1 billion yen,or 31.1%) and net income totaled 58.2 billion yen(up 11.2 billion yen, or 23.6%).

2. Breakdown of consolidated net sales(Billion yen, %)FY2007
VehicleEngineCar air-conditioning compressor
Foundry, electronics and other
Automobile total
Materials handling equipment ※Logistics
Textile machinery
Others
Total

25.0%
8.9%
12.6%
1.7%
48.2%
40.8%
4.8%
3.1%
3.1%
100.0%

FY2006

470.2
167.4
235.4
31.7
904.8
767.2
89.4
58.4
58.3
1,878.3

24.7%
8.8%
14.3%
1.8%
49.6%
39.5%
4.3%
3.3%
3.3%
100.0%

372.0
132.3
215.9
26.3
746.7
595.2
65.1
49.7
48.9
1,505.9

Change
98.2
35.1
19.5
5.4
158.1
172.0
24.3
8.7
9.4
372.4

%

FY2008 Forecast

26.4

24.6%

26.5

8.9%

9.0

12.5%

20.4

1.9%

21.2

47.9%

28.9

39.5%

37.3

5.9%

17.3

3.1%

19.2

3.6%

24.7

100.0%

480.0
173.0
245.0
37.0
935.0
770.0
115.0
60.0
70.0
1,950.0

%

2.1
3.3
4.0
16.6
3.3
0.4
28.5
2.7
19.9
3.8

※ Excluding the effects of changes in subsidiaries' fiscal year, net sales of the Materials Handling Equipment Segment was 702.5 billion yen (up 107.3 billion yen, or 18.0%)

3. Unit sales(Thousand Units)

FY2007

FY2006

ChangeVitz (Yaris)

182

189

(7)

174

(8)

RAV4

168

108

60

176

8

Vehicle

350

297

53

350

0

Engine

489

362

127

495

6

89

166

(77)

71

(18)

20,45019,1201,330

21,500

1,050

215
<193>

184

31
< 9>

204

(11)
<11>

CKD
Car air-conditioning
compressor
Materials handlingequipment ※FY2008 Change※ Figures in < > show unit sales except the effects of changes in subsidiaries' fiscal year

English translation from the original Japanese-language document

4. Changes in ordinary income(Billion yen)

Sales volume increase
Cost reduction
Exchange gain
Impact of change in subsidiaries' fiscal year
Non-operating income increase

29.0
21.5
5.2
1.9
1.9

Increase total
Depreciation
Raw material cost
Labor cost
Expenses and others

59.5
10.0
9.5
7.6
4.6

Decrease total

31.7

Total increase in ordinary income

27.8

Note: Toyota Industries posted extraordinary income (proceeds from sales of investment
securities) of 4.3 billion yen and extraordinary losses (losses arising from discontinuing
production of designated electronic components) of 4.3 billion yen for fiscal 2007.

Non-consolidated Financial Highlights
1. Non-consolidated financial results(Billion yen, %)FY2007

FY2006

April 06 - March 07

April 05 - March 06

ChangeAmount

FY2008 Forecast%

April 07 - March 08

Change%1,135.6

100.0%

950.7

184.9

19.5

100.0%

1,170.0

3.0

3.5%

39.2

3.5%

32.8

6.4

19.6

3.5%

41.0

4.3

Ordinary income

5.1%

58.0

4.5%

43.0

15.0

34.8

5.1%

60.0

3.4

Net income

3.5%

40.2

3.2%

30.4

9.8

32.3

3.5%

41.0

1.9

Net sales

100.0%

Operating income

Investments in tangible assets

70.3

81.8

(11.5)(14.0)

65.0

(7.6)

Depreciation

45.4

41.4

4.0

9.6

52.0

14.3

1,924.2

1,739.7

184.5

10.6

−

Unrealized gain on other securities

2. Non-consolidated balance sheets

Current assets
Cash and deposits
Accounts receivable
Marketable securities
Inventories
OthersFixed assets
Tangible assets
Intangible assets
Investments and others(Billion yen)

Assets
FY2007

FY2006

As of Mar. 31, 07

As of Mar. 31, 06

266.1
43.7
110.8
30.0
31.6
49.8

268.9
33.6
104.8
45.0
34.3
51.0

2,781.9330.9
7.6
2,443.2

2,560.3313.1
8.9
2,238.2

Liabilities and Net assets
FY2007
FY2006

Change(2.8) Current liabilities
10.1 Accounts payable
6.0 Others(15.0)(2.7) Long-term liabilities(1.2) Bonds
Deferred tax liabilities
Total liabilities
221.6
17.8 Shareholders' equity(1.3) Common stock
205.0 Capital surplus
Retained earnings
Treasury stock at cost
Valuation and translation adjustments

Total

3,048.0

2,829.2

Subscription rights to shares
Total net assets
Total
218.8

Four-Year Summary and Forecast

Annual<Consolidated>
Net sales
Operating income
Ordinary income
Net income<Non-consolidated>
Net sales
Operating income
Ordinary income
Net income<Cash dividends>
Dividends per share
Payout ratio
Consolidated
Non-consolidated(Billion yen)
FY2004

FY2005

FY2006

FY2007

FY20081,164.3
52.6
58.9
33.6

1,241.5
53.1
70.9
43.3

1,505.9
64.0
80.6
47.0

1,878.3
89.9
108.4
59.4

1,950.0
95.0
115.0
63.0

749.6
31.3
34.7
21.1

784.3
30.0
39.7
26.3

950.7
32.8
43.0
30.4

1,135.6
39.2
58.0
40.2

1,170.0
41.0
60.0
41.0

\ 24

\ 32

\ 38

\ 50

\ 56

22.2%
35.5%

23.7%
39.1%

26.0%
40.3%

26.3%
38.9%

27.7%
42.6%

English translation from the original Japanese-language document

ChangeAs of Mar. 31, 07

As of Mar. 31, 06

298.4
137.8
160.5

238.2
128.9
109.2

60.2
8.9
51.3

1,112.6224.9
887.6
1,411.0
480.3
80.4
105.0
342.1
(47.2)
1,156.4
0.2
1,637.0
3,048.0

1,058.2
265.0
793.2
1,296.5
487.1
80.4
105.6
315.4
(14.3)
1,045.5
1,532.7
2,829.2

54.4(40.1)
94.4
114.5
(6.8)
(0.6)
26.7
(32.9)
110.9
0.2
104.3
218.8