Toyota Industries Report

2 0 12Financial Section / Corporate Informationn 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 Flows74−75
P 76−77
P 78
P 79
P 80−81
P 82
Pn Corporate Information
Board of Directors, Corporate Auditors andManaging Officers
Major Consolidated Subsidiaries
Major Production Bases
Investor Information

83
P 84−85
P 86
P 87
P

Note:
For details on the consolidated financial statements,
please refer to the separate publication, which is also
posted on the following Website:
www.toyota-industries.com

73

Toyota Industries Report 2012

Consolidated Eleven-Year Summary
Toyota Industries Corporation
Years ended March 31
Millions of yen

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

For The Year¥1,543,352¥1,479,839¥1,377,769¥1,584,252¥2,000,536¥1,878,398¥1,505,955¥1,241,538¥1,164,378¥1,069,218¥ 980,163

Operating income (loss)

70,092

68,79822,002(6,621)

96,853

89,95464,04053,12052,63152,477

46,330Ordinary income

80,86673,911

31,756

14,343

126,488

108,484

80,63570,91258,97051,37547,865Net sales

58,594

Net income (loss)
Investment in tangible assets¥58,40447,205¥

38,254¥(26,273)(32,767)

80,46059,46847,07743,357

26,963¥ 104,495¥ 104,205¥ 129,023¥ 130,121¥ 111,321

33,623¥

65,651

21,933¥69,60727,311¥—Depreciation

59,83062,372

73,23887,21983,74474,44964,423

51,27749,26445,939—Research and development expenses

32,07027,78826,826

33,64636,75034,54831,16630,051

29,562

29,70529,985(84.33)¥ (105.16)

Per share of common stock (yen):
Net income (loss) per share—basic¥188.02¥

151.51¥¥

257.50¥

189.88¥

146.16¥

135.09¥108.04

¥

70.19

¥

87.28

—

—

—

—

257.43189.66146.02135.03101.97

62.90

78.26

Total net assets per share

3,662.26

3,300.17

3,390.02

2,987.16

4,483.32

5,612.11

5,044.45

3,504.80

3,199.69

2,522.52

2,809.54

Cash dividends per share

50.00

50.00

30.00

40.00

60.00

50.00

38.00

32.00

24.00

22.00

19.00

Net income per share—diluted

At Year-End
Total assets¥2,656,984¥2,481,452¥2,589,246¥2,327,432¥2,965,585¥3,585,857¥3,245,341¥2,326,824¥2,011,995¥1,650,391¥1,770,401

Total net assets

1,197,841

1,075,939

1,104,929

977,670

1,453,996

1,810,483

1,611,227

1,115,747

1,016,763

738,867

878,812

Common stock

80,46280,46280,46280,46280,46280,46280,46280,46280,462

68,04668,021

Number of shares outstanding (excluding treasury stock) (thousands)

311,687

311,564

311,570

311,577

311,589

312,075

319,320

318,237

317,666

292,777

312,796¥ 101,718¥ 153,661¥ 203,452

65,768¥ 188,805¥ 177,467¥ 131,784¥ 100,095

92,406¥ 103,183(9,403)(187,574)(36,855)(114,217)(138,789)(164,446)(205,013)(128,230)(92,667)(95,120)

Cash FlowsNet cash provided by operating activities
Net cash used in investing activities

¥

¥

¥

81,078(106,710)

Net cash provided by (used in) financing activities

10,279(85,728)(38,230)

120,971(33,992)(19,749)

85,17250,020(56,015)

57,775

1,225

Cash and cash equivalents at end of year

296,811

195,566

317,590

188,011

121,284

108,569

112,596

100,535

77,212

136,929

71,119

5.4

4.5

(2.6)

(2.8)

5.1

3.5

3.5

4.1

3.8

2.7

3.0

Indices
Return on equity (ROE) (%)

2.3

1.9

(1.1)

(1.2)

2.5

1.7

1.7

2.0

1.8

1.3

1.5

4.5

4.6

1.6

(0.4)

4.8

4.8

4.3

4.3

4.5

4.9

4.7

Equity ratio (%)

43.0

41.4

40.8

40.0

47.1

48.8

49.7

48.0

50.5

44.8

49.6

¥ 161,876¥ 150,481

71,608¥ 222,125¥ 191,007¥ 150,674¥ 128,381¥ 113,676

43,51640,82539,91639,52836,09632,97730,99027,431

EBITDA (millions of yen)
Number of employees

Toyota Industries Report 2012

90,521
38,903¥¥

95,47225,030¥

97,54023,056

Consolidated Eleven-Year Summary

Consolidated Eleven-Year Summary

1. Net income (loss) per share is computed based on the average number of shares for each year.
2. ROE and ROA are computed based on the average total net assets and total assets, respectively, for each year.
3. Operating profit margin = Operating income (loss) / Net sales
4. Equity ratio = (Total net assets – Subscription rights to shares – Minority interests) / Total assets
5. EBITDA = Income before income taxes + Interest expenses – Interest and dividends income + Depreciation and amortization¥Financial Section /Corporate Information

Financial Section /Corporate Information

74

Return on assets (ROA) (%)
Operating profit margin (%)

75

Toyota Industries Report 2012

Consolidated Balance Sheets
Toyota Industries Corporation
As of March 31, 2012 and 2011
Millions of yen

ASSETS

Millions of yen

2012

2011

¥ 274,710¥ 198,654

Trade notes and accounts receivable

195,391

152,121

Lease investment assets

36,57035,146

Short-term investments

92,249132,430

Current assets:
Cash and deposits

Merchandise and finished goods

48,18342,940Work in process

33,72731,256

Raw materials and supplies

34,53630,065

Deferred tax assets

20,36818,493

Other current assets

36,35832,646

Allowance for doubtful accounts(2,740)(2,863)

Total current assets

769,356

670,893

Buildings and structures

141,412

159,606

Machinery, equipment and vehicles

180,146

185,988

Fixed assets:
Property, plant and equipment:

Tools, furniture and fixtures

24,44823,634

Land

116,526

119,697

Construction in progress

18,5198,350

Total property, plant and equipment

481,053497,278

Goodwill

68,824

68,573

Other intangible assets

37,952

10,767

Total intangible assets

106,777

79,3401,177,591

1,123,306

Intangible assets:

LIABILITIES AND NET ASSETS

2012

2011

¥ 168,465
110,212
12,897
54,10537,61918,16912,5103525
165,018¥ 144,956
99,946
11,13330,82937,873
14,34918,320737
521
153,275

579,527

511,944

187,238
249,183
85,754297,304
48,973
11,160205,649
236,60282,813309,256
46,924
12,321

879,615
1,459,142

893,568
1,405,512

80,46280,462

106,128455,042(50,266)

106,179
412,029(50,703)

Total shareholders’ equity

591,367

547,968

Accumulated other comprehensive income:
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment

565,007(131)(14,763)488,277
46(8,075)550,1122,310
54,051
1,197,841¥2,656,984

480,248
2,132
45,589
1,075,939¥2,481,452

Current liabilities:
Trade notes and accounts payable
Short-term loans payable
Commercial paper
Current portion of bonds
Lease obligations
Accounts payable—otherAccrued income taxes
Deferred tax liabilities
Allowance for bonuses to directors and corporate 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
Shareholders’ equity:
Capital stock
Authorized — 1,100,000,000 shares
Issued— 325,840,640 shares as of March 31, 2012			 325,840,640 shares as of March 31, 2011
Capital surplus
Retained earnings
Treasury stock
14,153,619 shares as of March 31, 2012
14,275,721 shares as of March 31, 2011

Investments and other assets:
10,758

9,786

76,566

71,480

Other investments and other assets

35,03429,539

(152)

(173)

1,299,798

1,233,940

1,887,628

1,810,559¥2,656,984¥2,481,452

Allowance for doubtful accounts
Total investments and other assets
Total fixed assets
Total assets

Toyota Industries Report 2012

Total accumulated other comprehensive income
Subscription rights to shares
Minority interests
Total net assets
Total liabilities and net assets

Consolidated Balance Sheets

Consolidated Balance Sheets

Deferred tax assets
Lease investment assets

Financial Section /Corporate Information

Financial Section /Corporate Information

76

Investments in securities

77

Toyota Industries Report 2012

Consolidated Statements of Income

Consolidated Statements of Comprehensive Income

Toyota Industries Corporation
For the years ended March 31, 2012 and 2011

Toyota Industries Corporation
For the years ended March 31, 2012 and 2011
Millions of yen

Millions of yen

2012

2011

Net sales¥1,543,352¥1,479,839

Income before minority interests

Cost of sales

1,301,617

1,250,313

Other comprehensive income:

241,734

229,526

Gross profit
Selling, general and administrative expenses:

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

Sales commissions

10,003

8,913

Foreign currency translation adjustment

Salaries and allowances

68,176

62,969

Share of other comprehensive income of associates accounted for using equity method

Retirement benefit expenses

1,977

2,020

Comprehensive income

Depreciation

5,951

6,332

Profit attributable to:

Research and development expenses

25,34821,727

Owners of the parent

Others60,18458,765

Minority interests

70,092

68,798Operating income

2012

2011

¥60,771¥49,058

76,752(55,834)

(177)

55

(6,820)(6,375)

(216)

(300)

130,308(13,396)

128,457(14,174)

1,850

777

Non-operating income:Interest income

9,070

9,172

Dividends income

17,933

14,975Gain on sales of marketable securities

1,159

488

Other non-operating income

6,545

7,407

Interest expenses(16,046)(15,773)

Loss on disposal of fixed assets(1,035)(1,281)Non-operating expenses:

Equity in net losses of affiliated companies
Other non-operating expenses
Ordinary income

(490)

(473)

(6,363)(9,402)80,86673,911

4,599—

Extraordinary income:Gain on step acquisitions
Extraordinary losses:(4,631)
69,279

Income taxes ­— current

23,38225,456

Income taxes — deferred

1,311(5,234)60,77149,058

2,177

1,852

Income before income taxes and minority interests

Income before minority interests
Financial Section /Corporate Information

Net income¥58,594¥

47,205Yen

Net income per share —­ basic
Net income per share —­ diluted
Net assets per share
Cash dividends per share

Toyota Industries Report 2012¥  188.02¥  151.51——

3,662.26

3,300.17

50.00

50.00

Consolidated Statements ofComprehensive Income

Consolidated Statements of Income

78

Income on minority interests in consolidated subsidiaries

Financial Section /Corporate Information—
85,465Losses on the Great East Japan Earthquake

79

Toyota Industries Report 2012

Consolidated Statements of Changes in Net Assets
Toyota Industries Corporation
For the years ended March 31, 2012 and 2011
Millions of yen

2012

80,46280,462¥

80,46280,462

106,179

106,179(50)(50)
106,128(0)(0)
106,179

412,029

378,648(15,581)—
58,59443,013455,042(14,020)
196
47,20533,381
412,029(50,703)(50,689)

(5)
441
436
(50,266)

(15)
1
(13)
(50,703)547,968

514,601(15,581)—
58,594(5)391
43,399591,367(14,020)
196
47,205(15)
033,367547,968

488,277

544,068

76,72976,729565,007(55,790)(55,790)488,277

Deferred gains or losses on hedges
Balance at the beginning of current period
Changes of items during the period
Net changes of items other than shareholders’ equity
Total changes of items during the period
Balance at the end of current period
Foreign currency translation adjustment
Balance at the beginning of current period
Changes of items during the period
Net changes of items other than shareholders’ equity
Total changes of items during the period
Balance at the end of current period
Total accumulated other comprehensive income
Balance at the beginning of current period
Changes of items during the period
Net changes of items other than shareholders’ equity
Total changes of items during the period
Balance at the end of current period
Subscription rights to shares
Balance at the beginning of current period
Changes of items during the period
Net changes of items other than shareholders’ equity
Total changes of items during the period
Balance at the end of current period
Minority interests
Balance at the beginning of current period
Changes of items during the period
Net changes of items other than shareholders’ equity
Total changes of items during the period
Balance at the end of current period
Total net assets
Balance at the beginning of current period
Changes of items during the period
Dividends from surplus
Increase (decrease) due to decrease in consolidated subsidiaries
Net income
Repurchase of treasury stock
Disposal of treasury stock
Net changes of items other than shareholders’ equity
Total changes of items during the period
Balance at the end of current period

¥

2011

46

¥

(9)

(177)
(177)
(131)

55
55
46

(8,075)(2,430)(6,688)(6,688)(14,763)(5,645)(5,645)(8,075)480,248541,628

69,86369,863550,112(61,380)(61,380)
480,248

2,132

1,720

178
178
2,310

411
411
2,132

45,58946,9788,461
8,461
54,051(1,389)(1,389)45,589

1,075,939

1,104,929(15,581)—
58,594(5)391
78,503
121,902¥1,197,841(14,020)
196
47,205(15)
0(62,357)(28,990)¥1,075,939

Consolidated Statements of
Changes in Net Assets

Consolidated Statements of
Changes in Net Assets

Toyota Industries Report 2012

¥

2012

2011

Financial Section /Corporate Information

Financial Section /Corporate Information

80

Shareholders’ equity
Capital stock
Balance at the beginning of current period
Balance at the end of current period
Capital surplus
Balance at the beginning of current period
Changes of items during the period
		 Disposal of treasury stock		 Total changes of items during the period
Balance at the end of current period
Retained earnings
Balance at the beginning of current period
Changes of items during the period
		 Dividends from surplus
		 Increase (decrease) due to decrease in consolidated subsidiaries
		 Net income
		 Total changes of items during the period
Balance at the end of current period
Treasury stock
Balance at the beginning of current period
Changes of items during the period
		 Repurchase of treasury stock		 Disposal of treasury stock		 Total changes of items during the period
Balance at the end of current period
Total shareholders’ equity
Balance at the beginning of current period
Changes of items during the period
		 Dividends from surplus
		 Increase (decrease) due to decrease in consolidated subsidiaries
		 Net income
		 Repurchase of treasury stock		 Disposal of treasury stock		 Total changes of items during the period
Balance at the end of current period
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Balance at the beginning of current period
Changes of items during the period
		 Net changes of items other than shareholders’ equity
		 Total changes of items during the period
Balance at the end of current period

Millions of yen

81

Toyota Industries Report 2012

Board of Directors,
Corporate Auditors and Managing Officers

Consolidated Statements of Cash Flows(As of June 14, 2012)

Board of Directors

Toyota Industries Corporation
For the years ended March 31, 2012 and 2011
Millions of yen¥ 85,465
87,368(159)(27,004)
16,046490(47,043)(13,897)
25,307(5,357)
121,216
26,992(15,940)(30,549)
101,718¥ 69,279
89,576(195)(24,148)
15,773473
11,650(16,953)
3,440
19,228168,125
24,173(15,882)(22,755)
153,661(76,638)
8,408(1,924)
1,720(5,568)
1,228
(27)
374
70,161(7,137)(9,403)(48,085)
7,645(56,000)
2,963
(25)
41
(30)
730
(89,351)(5,461)(187,574)(21,706)
50,482—35,604(30,761)(5)(15,581)
(478)
1,220
(8,495)
10,279(1,348)101,244
195,566¥ 296,811(6,759)
240
(826)
4,002
(49,180)(15)(14,020)(528)
143(18,784)(85,728)(2,382)(122,024)
317,590¥ 195,566

ChairmanVice Chairman

President

Akira Imura

Kazunori Yoshida

Tetsuro Toyoda

Executive Vice President

Executive Vice President

Executive Vice President

Kimpei Mitsuya

Tetsuo Agata

Chiaki Yamaguchi

Senior Managing Directors

Toshiyuki Sekimori
Kazue Sasaki
Hirotaka Morishita

Directors

Shinya Furukawa
Akira Onishi
Masaharu Suzuki

Masafumi Kato
Norio Sasaki
Toshifumi Ogawa
Toshifumi Onishi
Fujio Cho

Corporate Auditors
Full-Time Corporate Auditors

Shigetaka Yoshida
Kakuo Ishikawa

Corporate Auditors

Katsuaki Watanabe
Toshio Mita
Hans-Juergen MarxManaging Officers
Senior Managing Officers

Takaki Ogawa
Kohei Nozaki
Kan Otsuka
Taku Yamamoto

Managing Officers

Yukihisa Tsuchimoto
Hiroaki Asai
Takashi Ito
Toshiya Yamagishi
Junichi Harada
Mikihiko Okamoto
Hirooki Fujiwara
Yasuhiro Murata
Yojiro Mizuno

Masahiro Kawaguchi
Susumu Toyoda
Yuji Ishizaki
Keizo Hara
Kiyotsugu Kurimoto
Masafumi Kunito
Toshihiko Shimizu
Koichi Ito

Board of Directors, Corporate
Auditors and Managing Officers

Consolidated Statements ofCash Flows

Toyota Industries Report 20122011

Financial Section /Corporate Information

Financial Section /Corporate Information

82

Cash flows from operating activities:
Income before income taxes and minority interests
Depreciation and amortization
Decrease in allowance for doubtful accounts
Interest and dividends income
Interest expenses
Equity in net losses of affiliated companies(Increase) decrease in receivables
Increase in inventories
Increase in payables
Others, net
SubtotalInterest and dividends income received
Interest expenses paid
Income taxes paid
Net cash provided by operating activities
Cash flows from investing activities:
Payments for purchases of property, plant and equipment
Proceeds from sales of property, plant and equipment
Payments for purchases of investment securities
Proceeds from sales of investment securities
Payments for acquisition of subsidiaries’ stock resulting in change in scope of consolidation
Proceeds from sales of subsidiaries’ stock resulting in change in scope of consolidation
Payments for loans madeProceeds from collections of loans
Net decrease (increase) in time deposits
Others, net
Net cash used in investing activities
Cash flows from financing activities:
Decrease in short-term loans payable
Proceeds from long-term loans payable
Repayments of long-term loans payable
Proceeds from issuances of bonds
Repayments of bonds
Payments for repurchase of treasury stocks
Cash dividends paid
Cash dividends paid to minority shareholders
Proceeds from payment by minority shareholders
Others, net
Net cash provided by (used in) financing activities
Translation adjustments of cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year

2012

83

Toyota Industries Report 2012

Major Consolidated Subsidiaries(As of March 31, 2012)*1: Including indirect investment

Segment

Company Name

Location

Ownership
Ratio*1 (%)

Business Activities

Japan

Materials
Handling
Equipment

Automobile

Logistics

EuropeBT Products AB

MjölbyProduction of materials handling equipment

100.0

Aichi Corporation

Ageo-shi, Saitama

Production of aerial work platforms

51.0

Toyota Industries Europe AB

MjölbyHolding company for materials handling equipment business in Europe

100.0

TOYOTA L&F Fukui Co., Ltd.

Fukui-shi, Fukui

Sales and servicing of materials handling equipment

100.0

Toyota Material Handling Europe AB

MjölbyEuropean headquarters for materials handling equipment business

100.0

TOYOTA L&F Tokyo Co., Ltd.

Shinagawa-ku, Tokyo

Sales and servicing of materials handling equipment

100.0

Toyota Material Handling Sweden AB

BrommaSales and servicing of materials handling equipment

100.0

Nishina Industrial Co., Ltd.

Nagano-shi, Nagano

Production of materials handling equipment and construction machinery parts

97.5

NorwayToyota Material Handling Norway AS

Trondheim

Sales and servicing of materials handling equipment

100.0

TOYOTA L&F Shizuoka Co., Ltd.

Shizuoka-shi, Shizuoka

Sales and servicing of materials handling equipment

100.0

Finland

Toyota Material Handling Finland OY

VantaaSales and servicing of materials handling equipment

100.0

HANDA Casting Company

Handa-shi, Aichi

Production of foundry parts

100.0

LatviaToyota Material Handling Baltic SIA.

Riga

Sales and servicing of materials handling equipment

100.0

Unica Co., Ltd.

Kiyosu-shi, Aichi

Production of in-house transporters

100.0

PolandToyota Material Handling Polska Sp. z o.o.

Pruszków

Sales and servicing of materials handling equipment

100.0

TOYOTA L&F Hyogo Co., Ltd.

Nishinomiya-shi, Hyogo

Sales and servicing of materials handling equipment

100.0

Denmark

Toyota Material Handling Danmark A/SSlangerup

Sales and servicing of materials handling equipment

100.0

Tokaiseiki Co., Ltd.

Iwata-shi, Shizuoka

Production of compressor and engine parts

100.0

U.K.

Toyota Material Handling UK Limited

Slough, Berkshire

Sales and servicing of materials handling equipment

100.0

Altex Co., Ltd.

Hamamatsu-shi, Shizuoka

Production of compressor parts

100.0

Germany

Toyota Material Handling Deutschland GmbH

Langenhagen

Sales and servicing of materials handling equipment

100.0

Izumi Machine Mfg. Co., Ltd.

Obu-shi, Aichi

Production of specialized machine tools, friction welding machines, automotive parts

100.0

BT France S.a.r.l.

Marne La ValléeSales and servicing of materials handling equipment

100.0

Nagao Kogyo Co., Ltd.

Nagoya-shi, Aichi

Production of compressor, materials handling equipment and weaving machinery parts

100.0

Toyota Industrial Equipment Europe, S.A.R.L.

AncenisSales of materials handling equipment

100.0

Miduho Industry Co., Ltd.

Nagoya-shi, Aichi

Production of automotive, compressor and materials handling equipment parts

100.0

Toyota Industrial Equipment, S.A.

AncenisProduction of materials handling equipment

100.0

Iwama Loom Works, Ltd.

Oguchi-cho, Niwa-gun, Aichi Production of compressor parts

100.0

Toyota Material Handling Europe Brussels NV/SA Brussels

Sales and marketing of materials handling equipment

100.0

Tokyu Co., Ltd.

Oguchi-cho, Niwa-gun, Aichi Production of compressor parts and industrial machinery

100.0

Toyota Material Handling Belgium NV/SA

Wilrijk

Sales and servicing of materials handling equipment

100.0

KTL Co., Ltd.

Koto-ku, TokyoManagement and operation of distribution centers

50.5

Netherlands

Toyota Material Handling Nederland B.V.

Ede

Sales and servicing of materials handling equipment

100.0

Wanbishi Archives Co., Ltd.

Minato-ku, Tokyo

Data storage, management, collection and delivery services

100.0

Spain

Toyota Material Handling España, S.A.

Barberá del VallésSales and servicing of materials handling equipment

100.0

Asahi Security Co., Ltd.

Minato-ku, Tokyo

Cash collection and delivery and cash proceeds management

100.0

Austria

Toyota Material Handling Austria GmbH

Wiener Neudorf

Sales and servicing of materials handling equipment

100.0

Advanced Logistics Solutions Co., Ltd.

Obu-shi, Aichi

Planning, design and operation of distribution centers

100.0

Czech Republic Toyota Material Handling CZ s.r.o.

Rudna

Sales and servicing of materials handling equipment

100.0

ALT Logistics Co., Ltd.

Obu-shi, Aichi

Distribution service contracting; planning, management and operation of distribution centers

60.0

Slovakia

Toyota Material Handling Slovensko s.r.o.

Bratislava

Sales and servicing of materials handling equipment

100.0

Taikoh Transportation Co., Ltd.

Kariya-shi, Aichi

Land transportation services

52.8

Hungary

Toyota Material Handling Hungary Kft.

Budapest

Sales and servicing of materials handling equipment

100.0

Ikeda-cho, Ibi-gun, Gifu

Production of textile machinery and parts

100.0

Switzerland

Toyota Material Handling Schweiz AG

ZürichSales and servicing of materials handling equipment

50.0

ELETT Corporation

Chiyoda-ku, Tokyo

Production of motors and inverters for industrial machinery

60.0

CESAB Carrelli Elevatori S.p.A.

Bologna

Production of materials handling equipment

100.0

TIBC Corporation*2

Obu-shi, Aichi

Production of semiconductor package substrates

60.0

Kariya-shi, Aichi

Total construction management, security management, civil engineering/construction design work andreal estate management

100.0

Sun Staff, Inc.

Kariya-shi, Aichi

Personnel placement, contract office staffing

100.0

Sun Valley Inc.

Kariya-shi, Aichi

Sales of goods, travel agency, organizing and running of events

100.0

Shine’s Co., Ltd.

Kariya-shi, Aichi

Management and operation of employee clubs

100.0

Toyota Industries Well Support Corporation Kariya-shi, Aichi

Planning and operation of benefit programs; administrative processing services for payroll accounting, etc.

100.0

Toyoda High System, Incorporated

Kariya-shi, Aichi

Planning, development, formulation and operation of information infrastructure and systems

100.0

Sun River Co., Ltd.

Suita-shi, Osaka

Sports facilities, real estate lease, restaurant management

100.0

SwedenMaterials
Handling
Equipment

Country

Company Name

Location

Business Activities

Ownership
Ratio*1 (%)

Italy

Automobile

Canada100.0

Sales and servicing of materials handling equipment

100.0

Germany

TD Deutsche Klimakompressor GmbH

Bernsdorf

Production of compressors

65.0

Toyota Textile Machinery Europe, AG

Uster

Sales and servicing of textile machinery

100.0

Textile Machinery Switzerland
OthersUster Technologies AG

Uster

Production of yarn quality measurement instruments and cotton classing instruments

50.3

SwedenToyota Industries Finance International AB

MjölbyFunding, loan, other financial services

100.0

India

Toyota Material Handling India Pvt. Ltd.

Delhi

Sales and servicing of materials handling equipment

75.0

Vietnam

Toyota Industrial Equipment Vietnam Co., Ltd.

Hung Yen

Production of materials handling equipment parts

90.0

Australia

Toyota Material Handling Australia Pty Limited

New South Wales

Sales and servicing of materials handling equipment

100.0

Toyota Material Handling (Shanghai) Co., Ltd.

Shanghai

Sales of materials handling equipment

75.0

BT Manufacturing (Foshan) Co., Ltd.

Foshan, Guandong

Production of materials handling equipment

100.0

Raymond Manufacturing (Dalian) Co., Ltd.

Dalian, Liaoning

OthersMaterials
Handling
Equipment

China

Production of materials handling equipment

100.0

BrazilToyota Material Handling Mercosur Indústria eSão Paulo
Comércio de Equipamentos Ltda

Sales and servicing of materials handling equipment

100.0

India

Kirloskar Toyoda Textile Machinery Pvt. Ltd.

Bangalore

Production of textile machinery and automotive parts

95.1

Indonesia

P.T. TD Automotive Compressor Indonesia

Bekasi

Production of compressors

50.1

Toyota Industry (Kunshan) Co., Ltd.

Kunshan, Jiangsu

Production of automotive parts and materials handling equipment, etc.

63.7

TD Automotive Compressor Kunshan Co., Ltd.

Kunshan, Jiangsu

Production of compressors

59.8

Franklin, Indiana

Production of materials handling equipment parts

100.0

North Vernon Industry Corp.

North Vernon, Indiana

Production of materials handling equipment parts

100.0

Raymond-Muscatine Inc.

Muscatine, Iowa

Production of materials handling equipment

100.0

The Raymond Corporation

Greene, New York

Production of materials handling equipment

100.0

Toyota Industrial Equipment Mfg., Inc.

Columbus, Indiana

Production of materials handling equipment

100.0

Toyota Material Handling North America, Inc.

Columbus, Indiana

North American headquarters for materials handling equipment business

100.0

Toyota Material Handling, U.S.A., Inc.

Irvine, California

Sales of materials handling equipment

100.0

G. N. Johnston Equipment Co., Ltd.

Mississauga, Ontario

Sales and servicing of materials handling equipment

100.0

Michigan Automotive Compressor, Inc.

Parma, Michigan

Production of compressors

60.0

TD Automotive Compressor Georgia, LLC

Pendergrass, Georgia

Production of compressors

65.0

n Affiliates Accounted for by the Equity Method

Production of compressor parts

100.0

Materials
Handling
Equipment

Japan

Automobile

PolandTextile Machinery U.S.A.

Toyoda Textile Machinery, Inc.

Charlotte, North Carolina Sales and servicing of textile machinery

100.0

OthersToyota Industries North America, Inc.

Columbus, Indiana

100.0

Toyota Industries Report 2012

Sales and servicing of materials handling equipment

Markopoulo, Attica

Indiana Hydraulic Equipment, Corp.

Toyota Industries Compressor Parts America, Co. Pendergrass, Georgia
U.S.A.

Bologna

Toyota Material Handling Greece SA

Holding company in the U.S.A.

Automobile

China
Logistics
Textile Machinery

China

Toyota Industries Trading & Logistics (China) Co.,
Shanghai
Ltd.

Import/export, Chinese domestic distribution, operation of distribution centers

100.0

China

Toyota Textile Machinery (Shanghai) Co., Ltd.

ShanghaiInstallation and servicing of textile machinery

100.0

BrazilToyota Máquinas Têxteis Brasil Ltda

São Paulo

Sales and servicing of textile machinery

100.0

TOYOTA L&F Kinki Co., Ltd.

Osaka-shi, Osaka

Sales and servicing of materials handling equipment

33.8

Toyota Motor Industries Poland Sp. z o.o.

Jelcz-Laskowice

Production of diesel engines

40.0

Major Consolidated Subsidiaries

Major Consolidated Subsidiaries

U.S.A.

Toyota Material Handling Italia S.r.l.

GreeceFinancial Section /Corporate Information

Financial Section /Corporate Information

U.S.A.

FranceBelgium

North America

84

Ownership
Ratio*1 (%)

Business Activities

100.0*1: Including indirect investment

Automobile

Location

Sales and servicing of materials handling equipment*2: TIBC Corporation will be excluded from the scope of consolidation in July 2012. Dissolution of the company is planned in January 2013.

Materials
Handling
Equipment

Company Name

Akita-shi, Akita

SKM Corporation

Segment

Country

TOYOTA L&F Akita Co., Ltd.

Textile Machinery Hara Corporation

Others*1: Including indirect investment

Segment

85

Toyota Industries Report 2012

Major Production Bases

Investor Information(As of March 31, 2012)

n Major Plants (Parent Company)
Plant

Location

Main Products

Start of Operations(As of March 31, 2012)

Corporate Head Office

Stock Exchange Listings

TOYOTA INDUSTRIES CORPORATIONTokyo, Osaka and Nagoya (Ticker Code: 6201)

Kariya Plant

Kariya-shi, Aichi

Textile machinery, compressors

1927

2-1, Toyoda-cho, Kariya-shi, Aichi, 448-8671, Japan

Obu PlantObu-shi, Aichi

Parts for compressors

1944

Telephone: +81-(0)566-22-2511

Number of Shareholders

Kyowa Plant

Obu-shi, Aichi

Electronic equipment, automotive press dies, production facilities, engine parts

1953

Nagakusa Plant

Obu-shi, Aichi

Vehicles1967

Facsimile: +81-(0)566-27-5650

21,632

Date of Establishment

Independent Accountant

November 18, 1926

PricewaterhouseCoopers Aarata

Takahama Plant

Takahama-shi, Aichi

Materials handling equipment, materials handling systems

1970

Hekinan Plant

Hekinan-shi, Aichi

Diesel engines, gasoline engines

1982

Foundry parts, diesel engines

Higashichita Plant

Handa-shi, Aichi

Higashiura Plant

Higashiura-cho, Chita-gun, Aichi Parts for compressors

2002

2000

Anjo Plant

Anjo-shi, Aichi

2007

Electronic equipment

Sumitomo Fudosan Shiodome Hamarikyu Bldg.

Common Stock

8-21-1 Ginza, Chuo-ku, Tokyo, 104-0061, Japan

No par value

Transfer Agent
Special Account Management Institution

Authorized: 1,100,000,000 shares
Issued:325,840,640 shares

Mitsubishi UFJ Trust and Banking Corporationn Major Plants (Outside Japan)

Capital Stock

1-4-5, Marunouchi, Chiyoda-ku, Tokyo, 100-8212, Japan

80,462 million yen

Major Shareholders (Top 10)
Number of Shares Held(Thousands)

Percentage of Total
Shares in Issue (%)

Toyota Motor Corporation

76,60023.51

DENSO Corporation

29,647

9.10

Towa Real Estate Co., Ltd.

15,697

4.82

Toyota Tsusho Corporation

10,125

3.11

The Master Trust Bank of Japan, Ltd. (Trust Account)

10,118

3.11

Japan Trustee Services Bank, Ltd. (Trust Account)

6,955

2.13

Name

5
■
8■
9
■
7
■
6
■

2
3 ■
■
1
■
4
■

11 ■
12
■
10
■
13
■

Nippon Life Insurance Company

6,735

2.07

Aisin Seiki Co., Ltd.

6,578

2.02

Third Avenue Value Fund

5,143

1.58

Toyota Industries Corporation Employee Ownership Program

5,066

1.55

172,669

52.99

Total

Company Name

Location

Main Products

Year of Foundation

Toyota Industrial Equipment Mfg., Inc.

U.S.A.

Columbus, Indiana

Materials handling equipment

1988

2

The Raymond Corporation

U.S.A.

Greene, New York

Materials handling equipment

1922

3

Michigan Automotive Compressor, Inc.

U.S.A.

Parma, Michigan

Compressors

1989

4

TD Automotive Compressor Georgia, LLC

U.S.A.

Pendergrass, Georgia

Compressors

2004

5

BT Products AB

SwedenMjölbyMaterials handling equipment

1946

6

CESAB Carrelli Elevatori S.p.A.

Italy

Bologna

Materials handling equipment

1942

7

Toyota Industrial Equipment, S.A.

FranceAncenisMaterials handling equipment

1995

8

TD Deutsche Klimakompressor GmbHGermany

Bernsdorf

Compressors

1998

9

Toyota Motor Industries Poland Sp. z o.o.

PolandJelcz-Laskowice

Diesel engines

2002

10 Kirloskar Toyoda Textile Machinery Pvt. Ltd.

India

Bangalore

Automotive parts, textile machinery

1995

11 Toyota Industry (Kunshan) Co., Ltd.

China

Kunshan, Jiangsu

Automotive parts, materials handling equipment, etc.

1994

12 TD Automotive Compressor Kunshan Co., Ltd.

China

Kunshan, Jiangsu

Compressors

2005

13 P.T. TD Automotive Compressor Indonesia

Indonesia

BekasiCompressors

2011

Toyota Industries Report 2012

Distribution of Shares
0.5%
4.3%
8.5%

Japanese corporate entities
Foreign corporate entities and others

18.7%

46.7%

Japanese financial institutions
Individuals, etc.
Treasury stock

21.3%

Investor Information

Major Production Bases

1

Financial Section /Corporate Information

Financial Section /Corporate Information

86

Country

Notes: 1.	Toyota Industries Corporation also holds 14,153 thousand shares of treasury stock but is excluded fromthe above list.
2. Shares held for the purpose of trust services of respective banks are as follows:		 The Master Trust Bank of Japan, Ltd. (Trust Account)
10,118 (Thousands)
		 Japan Trustee Services Bank, Ltd. (Trust Account)
6,955 (Thousands)

Japanese brokerages

87

Toyota Industries Report 2012