Company Introduction

Strategies and Businesses

Promotion of ESG Initiatives

Corporate Information

Business Overview

Business Overview
Using our resources and strengths as the foundation, we strive for growth in the Materials
Handling Equipment, Automobile and Textile Machinery businesses. At the same time,
we aim to enhance our competitiveness by leveraging synergies among these businesses.

Link toproductdetails

Materials Handling Equipment
Lift Truck

Logistics Solutions

Toyota Industries plans, develops,
produces, sells and provides
after-sales services for industrialvehicles centered around lift trucks,
which capture the top global market
share*. Together with sales
financing and proposals for logistics
efficiencies, we strive to meet avariety of customer needs.

Toyota Industries works closely with subsidiaries Bastian Solutions LLC
and Vanderlande Industries Holding B.V. by leveraging each company’s
strengths to contribute to resolving customers’ logistics issues througha combination of various logistics equipment and systems.

Net Sales(¥ Billion)

Net Sales
High-speed storage
and picking system

Electric lift truck

2,500

2,118.3 billion¥

Airport baggage handlingsystem

2,214.92,171.3

2,118.3

20192020

2021

OperatingProfit(¥ Billion)

2,000
1,500

FY20211,000

Automobile

500Vehicle

EngineWith its strengths as a leader in safety, the environment, quality,
cost and delivery among Toyota Group companies, the Vehicle
Business plans, develops and produces the RAV4 for markets inand outside Japan.

In addition to automotive diesel engines produced under astructure ranging from planning and development to production,
we also produce gasoline engines and industrial engines.

RAV4Car Air-Conditioning Compressor

Electronics

Toyota Industries’ car air-conditioning
compressors are highly acclaimed interms of their reliability at high operating
speeds and quiet operation in addition tosuch excellent environmental
performance features as compactness,light weight and fuel efficiency. The Car
Air-Conditioning Compressor Business
captures the world-leading market sharein unit sales*.

The Electronics Business plans, develops and produces a wide
variety of electronics products for electrified vehicles such as hybridvehicles.
Electric compressor

DC-DC converter

68% Materials Handling Equipment ¥1,431.4 billion¥591.6 billion
28% Automobile¥40.8 billion
2% Textile Machinery

Gasoline engine
for hybrid vehicles

Diesel engine

Oxygen-supplying
air compressor forfuel cell vehicles

0(FY)Materials
Handling
Equipment

On-board charger

Textile Machinery

Automobile

Textile MachineryWe undertake fully integrated operations
from planning, development andproduction to sales and after-sales
services for spinning machines that spin
twisted fiber bundles into yarn andweaving machines that weave spun yarn
into fabrics. Our air-jet looms havecaptured the world-leading market sharein terms of unit sales*.

Textile Machinery
Air-jet loom

Ring spinning frameThe lift truck market grew in China but
shrank in other countries and regions, andToyota Industries’ unit sales decreased
from the previous fiscal year. Meanwhile,sales of the Logistics Solutions Businessincreased in step with an expansion of thee-commerce market. As a result, net sales
were on par with the previous fiscal year at¥1,431.4 billion.

The automobile market as a wholecontracted despite a recovery trend inChina. Amid this climate, although sales of
the RAV4 were on par with the previous
fiscal year, sales of engines and car
air-conditioning compressors decreased.
As a result, net sales totaled ¥591.6 billion,down ¥22.2 billion, or 4%.

Amid difficult market conditions overall,
net sales amounted to ¥40.8 billion, down
¥20.9 billion, or 34%, as a result ofdecreases in sales of weaving machinesand quality measurement instruments forfiber, yarn and fabric.

Net Sales(¥ Billion)

1,500
1,200
900

40
20300(FY) 19

Net Sales

20021(FY) 19

Operating
Profit(¥ Billion)

600

200

10208060

20212021(¥ Billion)

86440220(FY) 19(FY) 19

Operating
Profit(Loss)(¥ Billion)

0021213020(FY) 1920(¥ Billion)

4000Net Sales

1008060600012002021-2(FY) 19* Survey by Toyota Industries Corporation8Toyota Industries Report 20219