Contents

PrologueMessage from the Chairman and President
Contents
Financial Highlights
Outline of Businesses
Top Management Interview

1-5
P 6-7
P8P9
P 10-11
P 12-17
PSpecial Features
1 Toyota Industries’ Technologies and Products■
Based on 3Es
2 Initiatives to Enhance TMHG’s Value Chain Aimed■
at Global Expansion

P

18-21

P22-24

Automobile
VehicleEngineCar Air-Conditioning Compressor
Car Electronics
Logistics
Textile Machinery

26-31
P 32-36
P 32-33
P 33
P 34-35
P 36
P 37-38
P 39-40

P42

43-49
50
P 51-52
P 53
P 54

Corporate Governance

PRelationship with Our Customers

P

Relationship with Our Business Partners
Relationship with Our Shareholders andInvestors
Relationship with Our Local Communities

Structure to Implement Environmental
ManagementPPP

Establishing a Low-Carbon Emission SocietyP

Establishing a Recycling-Based Society
Reducing Environmental Risk and Establishinga Society in Harmony with Nature
Environmental Impact Flow and Environmental
Accounting

58-61
62
63

64-65
66-67
P 68
P 69

Fifth Environmental Action Plan70-71
P 72
Pn Financial Section / Corporate Information
Financial Section
Consolidated Eleven-Year Summary
Consolidated Balance Sheets
Consolidated Statements of Income
Consolidated Statements of Comprehensive Income
Consolidated Statements of Changes in Net Assets
Consolidated Statements of Cash Flows(Toyoda Precepts, Basic Philosophy and CSR Policy)

Relationship with Our Associates

Vision for Environmental Activities

PPn Corporate Social Responsibility
Corporate Philosophy

An Interview with the Chief Environmental
Administrator

Environmental Managementn Business Activities
Materials Handling Equipmentn Environmental Initiatives

PCorporate Information	Board of Directors, Corporate Auditors andManaging Officers
Major Consolidated Subsidiaries
Major Production Bases
Investor Information

74-82
74-75
P 76-77
P 78
P 79
P 80-81
P 82
P 83-87
P 83
PP84-85
P 86
P 87
P55-56

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 arebased on management’s assumptions and beliefs derived from the information available at the time of producing 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 result of new information, future events orotherwise. 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) quality issues, (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 price fluctuations, (11) effects of disasters, power blackouts andother incidents, (12) latent risks associated with international activities and (13) retirement benefit liabilities.

8Toyota Industries Report 2012