Message from the Chairman and President
We sincerely appreciate your support of Toyota Industries
Corporation and the Toyota Industries Group.

In the medium to long term, we remain firmly
committed to the concept of quality first. Recognizingthat responding to the environment and safety as well

Overall, the global economy in fiscal 2012 continued on

as improving our international competitiveness are key

a recovery path, reflecting economic growth in Asianissues, we will continue to engage in customer-oriented

countries, including China, and a gradual economic

development of products and advanced technologies.

upswing in the United States. On the domestic front,

In October 2011, the Toyota Industries Group

despite the serious economic impacts of the Great East

formulated our Vision 2020 and Medium-Term Management

Japan Earthquake and the strong yen, the JapanesePlan. The Vision 2020 expresses the aspired image of theeconomy moved gradually toward a recovery, with signs ofGroup over the next decade. Under the vision, we will

an upturn in consumer spending and private sector capital

support industries and social foundations around theinvestment.

world by continuously supplying products and services

In this situation, the Toyota Industries Group undertookthat anticipate customers’ needs in order to contribute toefforts to ensure customer trust through our dedication to

a comfortable society and enriched lifestyles. To achieve

quality and to expand sales by responding appropriately tothese goals, we will develop environment-conscious,

recovery trends in respective markets. We also promoted

energy-saving products based on 3Es (energy,flexible plant operations to minimize the impacts of theenvironmental protection and ecological thinking),

earthquake and the flooding in Thailand on our production

incorporate functions and services needed by customersactivities. As a result, we were able to achieve increases inand deliver them to the global market. Through such

both sales and profits for fiscal 2012.

efforts, we aim for growth in each of Toyota Industries’

For the foreseeable future, the global economy isthree business units, specifically “solution” (materials

projected to show a continued trend toward recovery

handling equipment, logistics and textile machinery),underpinned by growth in China and other Asian“key components” (car air-conditioning compressors

countries. However, there is the risk of an economicand car electronics) and “mobility” (vehicles and engines).

downturn that may be triggered by the ongoing European

The Medium-Term Management Plan lays down specificdebt crisis and deteriorating employment situation in theaction items for each business unit until fiscal 2016, under

United States. There are also uncertainties with regards towhich we will devote Group-wide efforts to realizing therising raw material costs, such as crude oil, and exchange

Vision 2020.

rate fluctuations. Consequently, the operating environmentis expected to remain harsh.

In closing, we ask for your continued understanding
and support.

Amid this environment, the Toyota Industries Group willcontinue to undertake concerted efforts to strengthen ourJuly 2012business foundation and tackle important management
matters to further increase our corporate value.
As an immediate task, we will proceed withmanagement platform and cost structure reforms torealize a solid business structure so that we can weather

Akira Imura
Chairmanany changes in the business climate. In each country andregion, we aim to establish a production and supply
structure to ensure optimum costs and delivery andenhance our value chain to provide a wide range of6

Toyota Industries Report 2012

Akira Imura

Tetsuro Toyoda

ChairmanPresident

Tetsuro Toyoda
President

services to customers.

In front of the Toyoda Automatic Loom,Type G, at the Technical Learning Center(Obu-shi, Aichi)

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Toyota Industries Report 2012