FINANCIAL SUMMARYFY2012 Second Quarter(April 1, 2011 through September 30, 2011)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.

October 28, 2011

FY2012 Second Quarter Consolidated Financial Results <under Japanese GAAP>(April 1, 2011 - September 30, 2011)

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: November 11, 2011
(Amounts less than one million yen are omitted)

1. Financial Highlights for FY2012 Second Quarter (April 1, 2011 - September 30, 2011）(1) Consolidated Financial Results(% : change from the same period of previous year)

Net sales

Operating income%Million yen

FY2012
Second Quarter
FY2011
Second Quarter

Ordinary income%Million yen

Net income%Million yen%

Million yen

722,638(1.0)

29,210(19.3)

36,770(4.2)

25,9299.5

729,80716.3

36,205-38,393800.1

23,683-(Note) Comprehensive income(loss): FY2012 Second Quarter ― (97,992) million yen, FY2011 Second Quarter ― (107,018) million yen

FY2012
Second Quarter
FY2011
Second Quarter

Net income
per share―basic

Net income
per share―dilutedYen

Yen

83.21

----

76.02

----

(2) Consolidated Financial Position
Total assets

Total net assets

Million yen

Equity ratio%

Million yen

FY2012
Second Quarter

2,350,974

968,998

39.2

FY20112,481,4521,075,939

41.4(Note) Shareholders' equity: FY2012 Second Quarter ― 922,696 million yen, FY2011 ― 1,028,217 million yen

2. Cash Dividends
Annual cash dividends per share
Second quarter
Third quarter
Fiscal year-end

First quarter
Yen

Yen

FY2011

00.0-

25.00

FY2012

00.0-

25.00

Yen

FY2012(Forecast)

Yen

Yen

00.0-

25.00

50.00

00.0-

25.00

50.00

(Note) Changes in the forecasted cash dividends in this quarter : No

3. Forecasts of Consolidated Financial Results for FY2012 (April 1, 2011 - March 31, 2012)(% : change from the same period of previous year)

Net sales

FY2012

Operating income

Ordinary income

Net income
per share―basicNet income

Million yen%

Million yen%

Million yen%

Million yen%

1,580,000

6.8

75,0009.0

85,00015.0

55,00016.5(Note) Changes in the forecasts of consolidated financial results in this quarter : Yes

Yen

176.46

4. Others(1) Changes in major subsidiaries (specified subsidiaries that changed company's consolidationin this quarter) : No
(2) Application of special accounting methods for the preparation ofquarterly consolidated financial statements : No
(3) Changes in accounting policies, accounting estimates and restatement① Changes in accounting policies with revision of accounting standards : No
② Changes other than ① : No
③ Changes in accounting estimates : No
④ Restatement : No
(4) Issued and outstanding capital stock① Number of shares outstanding at end of each period (including treasury stock):
FY2012 Second Quarter －325,840,640 shares, FY2011 －325,840,640 shares② Number of treasury stock outstanding at end of each period:
FY2012 Second Quarter －14,152,964 shares, FY2011 －14,275,721 shares③ Average number of shares outstanding for each period:
FY2012 Second Quarter －311,605,545 shares, FY2011 Second Quarter －311,569,854 shares* Progress of procedures for financial review of quarterly financial results
・ The quarterly financial statements are under procedures of financial review, at the time of disclosureof 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. 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 ¥75 = US$1 and ¥105 = €1 for the remainderof the fiscal year.
・ Please see page 3 on attached documents for details on performance forecasts in "Qualitative
information regarding forecast for FY2012".

(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 FY2012
2. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(2) Quarterly Consolidated Statements of Income and(2) Quarterly Consolidated Statements of Comprehensive Income(3) Note on premise of going concern(4) Segment Information(5) Note on significant changes in the amount of shareholders' equity(6) Additional Information- 1-222344688881. Qualitative Information and Financial Statements(1) Qualitative information regarding consolidated business results
During the second quarter of FY2012 (the six months from April 1 to September 30, 2011), total
consolidated net sales of Toyota Industries amounted to 722.6 billion yen, on par with the same period of
the previous fiscal year. The following is a review of operations for the major business segments.
Owing to the aftermath effects of the Great East Japan Earthquake, Toyota Industries was forced tosuspend production partially due to disruptions in parts supply. As a result, net sales of the Automobile
Segment totaled 360.6 billion yen, a decrease of 48.3 billion yen, or 12%, from the same period of theprevious fiscal year. Within this segment, net sales of the Vehicle Business amounted to 155.2 billion
yen, a decrease of 38.5 billion yen, or 20%, due mainly to a decrease in sales of the Vitz (Yarisoverseas) and RAV4.
Net sales of the Engine Business totaled 90.6 billion yen, a decrease of 7.6 billion yen, or 8%,attributable primarily to a decrease in sales of AR gasoline engines, although sales of KD diesel engines
for emerging countries increased.
Net sales of the Car Air-Conditioning Compressor Business totaled 96.7 billion yen, on par with thesame period of the previous fiscal year. This is attributable to solid sales in overseas as opposed to
declining sales in Japan.
Net sales of the Materials Handling Equipment Segment totaled 276.9 billion yen, an increase of 46.1
billion yen, or 20%. This is because sales of lift trucks, a mainstay product of this segment, increased indomestic and overseas markets while keeping to a minimum the impact of parts shortages fromdomestic suppliers affected by the Earthquake.
Net sales of the Logistics Segment amounted to 46.3 billion yen, a decrease of 7.5 billion yen, or14%. This is attributable to a decrease in sales of the cargo transport business of automotive-relatedparts and an exclusion from consolidation owing to the sale of a subsidiary’s shares (Mail & e Business
Logistics Service Co., Ltd.).
Net sales of the Textile Machinery Segment totaled 19.7 billion yen, an increase of 1.2 billion yen, or6%, owing mainly to solid sales in emerging countries.
In terms of overall profit, Toyota Industries posted consolidated operating income of 29.2 billion yen,a decrease of 7.0 billion yen, or 19%, from the same period of the previous fiscal year and ordinary
income of 36.7 billion, a year-on-year decrease of 1.6 billion yen, or 4%. This was due mainly to anincrease in labor costs and higher raw material costs in addition to a decrease in sales of the Automobile
Segment. Toyota Industries also recorded an increase in sales of the Materials Handling Equipment
Segment while keeping to a minimum the impact arising from the Earthquake. Net income amounted to25.9 billion yen, an increase of 2.3 billion yen, or 9%, from a year ago.
(2) Qualitative information regarding consolidated financial condition
Total assets decreased 130.5 billion yen from the end of the previous fiscal year to 2,350.9 billion yen
due mainly to a decrease in market value of investments in securities. Liabilities amounted to 1,381.9
billion yen, a decrease of 23.6 billion yen from the end of the previous fiscal year, due to a decrease indeferred tax liabilities despite an increase in bonds payable. Net assets amounted to 968.9 billion yen, adecrease of 107.0 billion yen from the end of the previous fiscal year.

- 2-(3) Qualitative information regarding forecast for FY2012
Due to results of the first half of FY2012, an expected increase in sales of the Automobile Segment
and further cost reduction activities, Toyota Industries has revised its forecasts of consolidated financial
results for FY2012 to consolidated net sales of 1,580.0 billion yen, operating income of 75.0 billion yen,ordinary income of 85.0 billion yen and net income of 55.0 billion yen. Our projections are based onassumed exchange rates of ¥75 = US$1 and ¥105 = €1 for the remainder of the fiscal year.

- 3-2. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets
FY2011(As of March 31, 2011)(Million yen)
FY2012 SecondQuarter(As of September 30, 2011)

AssetsCurrent assets:
Cash and deposits
Trade notes and accounts receivable

198,654
152,121323,212
184,518

Lease investment assets
Short-term investments

35,146
132,430

31,88360,831

Merchandise and finished goods
Work in process
Raw materials and supplies

42,94031,25630,06543,35332,59931,810

Deferred tax assets
Other current assets
Allowance for doubtful accounts

18,49332,646(2,863)

17,28034,306(2,618)

Total current assets

670,893

757,177

159,606
185,988
23,634
119,697
8,350
497,278

142,699
169,744
23,219115,946
10,264
461,873

Goodwill

68,57363,569Software

10,767

12,007

Total intangible assets

79,34075,577

1,123,306
9,786

947,486
11,203

71,48029,53967,04230,766

(173)

(154)

1,233,940

1,056,345

1,810,559

1,593,796

2,481,452

2,350,974

Fixed assets:
Property, plant and equipment
Buildings and structures, netMachinery, equipment and vehicles, netTools, furniture and fixtures, netLand
Construction in progress
Total property, plant and equipment
Intangible assets:

Investments and other assets:
Investments in securities
Deferred tax assets
Lease investment assets
Other investments and other assets
Allowance for doubtful accounts
Total investments and other assets
Total fixed assets
Total assets- 4-

FY2011(As of March 31, 2011)
Liabilities
Current liabilities:
Trade notes and accounts payable
Short-term loans payable
Commercial papers
Current portion of bondsLease obligations
Accounts payable-otherAccrued income taxes
Deferred tax liabilities
Allowance for bonuses to directors and corporare auditors
Other current obligations
Total current liabilities
Long-term liabilities:
Bonds payable
Long-term loans payable
Lease obligations
Deferred tax liabilities
Allowance 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
Accumulated other comprehensive incomeValuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Total accumulated other comprehensive income
Subscription rights to shares
Minority interests
Total net assets
Total liabilities and net assets- 5-(Million yen)
FY2012 Second
Quarter(As of September 30, 2011)

144,956
99,946
11,13330,82937,873
14,34918,320737
521
153,275
511,944

158,751
126,10913,40830,776
33,665
11,114
10,080669
257
155,488
540,320

205,649
236,60282,813309,256
46,924
12,321
893,5681,405,512

235,416
233,315
76,796237,650
46,262
12,214
841,655
1,381,976

80,462
106,179
412,029(50,703)547,968

80,462
106,129
430,170(50,265)
566,496488,277
46(8,075)
480,248
2,132
45,589
1,075,939

380,595
21(24,417)356,199
2,355
43,946
968,998

2,481,452

2,350,974

(2) Quarterly Consolidated Statements of Income and(2) Quarterly Consolidated Statements of Comprehensive Income(2) Quarterly Consolidated Statements of Income(Million yen)
FY2011 Second Quarter(Six months result ended
September 30, 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
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-FY2012 Second Quarter(Six months result ended
September 30, 2011)

729,807615,321
114,486
78,28036,205

722,638
609,607
113,031
83,82029,210

4,639
7,870
3,343
15,854

4,668
10,554
5,094
20,317

8,105
5,561
13,66638,393

7,933
4,824
12,757
36,77038,39336,77014,044(193)
13,85024,542858
23,683

10,399(739)
9,659
27,1101,181
25,929

Quarterly Consolidated Statements of Comprehensive Income(Million yen)
FY2011 Second Quarter(Six months result ended
September 30, 2010)

Income before minority interests

FY2012 Second Quarter(Six months result ended
September 30, 2011)

24,542

27,110(121,702)(107,791)

211

(24)

(9,791)(16,805)

(279)

(481)

(131,560)(125,103)(107,018)(97,992)(106,732)(98,119)

(286)

127

Other comprehensive income:
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Share of other comprehensive income of associates
accounted for using equity method
Total other comprehensive income
Comprehensive Income:Comprehensive income attributable to owners of the parent
Comprehensive income attributable to minority interests- 7-(3) Note on premise of going concern : No
(4) Segment Information
FY2011 Second Quarter (Six months result ended September 30, 2010)(Million yen)

Automobile

Materials
handlingequipment(1) Outside customer sales

408,936

230,856

53,82018,512

17,682(2) Inter-segment transactions

10,310

412

3,409

2

4,706

Total

419,247

231,268

57,23018,514

Segment income

18,68011,782

2,725

1,086

Logistics

Textilemachinery

OthersTotal

Eliminations

Consolidated

729,807-729,807

18,840(18,840)-

22,388748,648(18,840)

729,807

1,730

36,005200

36,205Net sales(Notes) 1. "Others" is business segment not included in reportable segments and contains semiconductor package substrates
as a mainstay product.
2. Segment income of 200 million yen is inter-segment eliminations.
3. Segment income is adjusted to operating income of Quaterly Consolidated Statements of Income.

FY2012 Second Quarter (Six months result ended September 30, 2011)(Million yen)

Automobile

Materials
handling
equipment(1) Outside customer sales

360,620

276,937

46,335

19,70319,041(2) Inter-segment transactions

11,339

270

4,308

24

5,376

Total

371,959

277,20850,643

19,7286,181

18,977

1,614

952

Logistics

Textilemachinery

OthersTotalEliminations

Consolidated

722,638-

722,638

21,319(21,319)-

24,418743,958(21,319)

722,638

1,343

29,070140

29,210Net sales

Segment income(Notes) 1. "Others" is business segment not included in reportable segments and contains semiconductor package substrates
as a mainstay product.
2. Segment income of 140 million yen is inter-segment eliminations.
3. Segment income is adjusted to operating income of Quaterly Consolidated Statements of Income.

(5) Note on significant changes in the amount of shareholders’ equity
During the first half of FY2012 (the six months from April 1 to September 30, 2011), Toyota Industries paid dividendsof 7,789 million yen from retained earnings.
(6) Additional Information（Accounting Standard for Accounting Changes and Error Corrections）
Toyota Industries applies Financial Accounting Standard No.24 “Accounting Standard for Accounting Changes and Error Corrections”
and its Implementation Guidance No.24 “Guidance on Accounting Standard for Accounting Changes and Error Corrections,”
both of which were issued on December 4, 2009 by the Accounting Standards Board of Japan, to accounting changes andcorrections of prior period errors which are made after the beginning of FY2012.

- 8-