FINANCIAL SUMMARYFY2011(April 1, 2010 through March 31, 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.

April 28, 2011

FY2011 Consolidated Financial Results<under Japanese GAAP>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 the Ordinary General Meeting of Shareholders: June 16, 2011
The expected date of dividend payment: June 17, 2011
(Amounts less than one million yen are omitted)

1. Financial Highlights for FY2011 (April 1,2010 - March 31, 2011)(1) Consolidated Financial Results(% : change from the previous year)

Net sales

Operating income%

Million yen

Ordinary income%

Million yen

Net income%

Million yen%

Million yen

FY2011

1,479,839

7.4

68,798212.7

73,911132.7

47,205-FY20101,377,769(13.0)

22,002-31,756121.4(26,273)-(Notes) Comprehensive Income(loss): FY2011 ― (13,396) million yen, FY2010 ― 134,737 million yen
Net income
Net income
Ordinary income
Operating income
Return on equity
per share―basic
per share―dilutedon assetson sales
Yen
Yen
%
%
%
FY20110151.51)

-

4.5

2.9

4.6

FY20100(84.33)

-

(2.6)

1.3

1.6

(Notes) Equity in net earnings(losses) of affiliated companies: FY2011 ― (473) million yen, FY2010 ― 744 million yen(2) Consolidated Financial Position
Total assets

Total net assets

Million yen

Equity ratio

Net assets per share%

Million yen

Yen

FY20112,481,452

1,075,939

41.4

3,300.17

FY20102,589,246

1,104,929

40.8

3,390.02(Note) Shareholders' equity: FY2011 ― 1,028,217 million yen, FY2010 ― 1,056,230 million yen(3) Consolidated cash flows
Cash flows fromoperating activities

Cash flows frominvesting activities

Million yen

Cash flows fromfinancing activities

Million yen

Cash and cash equivalents
at the end of year

Million yen

Million yen

FY2011

153,661(187,574)

0(85,728)

195,566

FY2010203,452

0(36,855)0(38,230)

317,590

2. Cash Dividends
Annual cash dividends per share
1st Quarter 2nd Quarter 3rd Quarter
Yen

Yen

Year-end

Yen

Yen

Yen

Total amount
Dividendof annual
payout ratio
cash dividends

Total amountof dividends
on net assets%%

Million yen

FY2010

-

10.00

-

20.00

30.00

9,347

-

0.9

FY2011

-

25.00

-

25.00

50.00

15,57833.0

1.5

FY2012(Forecast)

-

-

-

-

-

-

(Note) Forecast of cash dividends per share for fiscal 2011 has not been decided yet.
3. Forecasts of Consolidated Financial Results for FY2012 (April 1, 2011 - March 31, 2012)
Forecast for FY2012 is yet to be disclosed, as it is difficult to predict due to the effect of the Great East Japan Earthquake.
It will be annouced as soon as the decision is made.

4. Others(1) Changes in major subsidiaries (specified subsidiaries that changed company's consolidation) : No
(2) Changes in accounting standards, procedures and method of presentation of consolidated financial statements(changes made in significant items that form the basis of preparation of consolidated financial statements)①Changes arising from revision of accounting policies : Yes②Changes other than ① : No
(3) Issued and outstanding capital stock①Number of shares outstanding at the end of each year (including treasury stock):①FY2011 －325,840,640 shares, FY2010 －325,840,640 shares②Number of treasury stock outstanding at the end of each year:②FY2011 －14,275,721 shares, FY2010 －14,269,943 shares③Average number of shares outstanding for each year:③FY2011 －311,568,162 shares, FY2010 －311,573,341 shares(Reference) Overview of Non-consolidated Financial Results for FY2011
1. Financial Highlights for FY2011 (April 1,2010 - March 31, 2011)(1) Non-consolidated Financial Results(% : change from the previous year)

Net sales

Operating income%

Million yen

Ordinary income%

Million yen

Net income%

Million yen%

Million yen

FY2011

971,076

8.8

40,546120.4

48,95986.1

30,68776.7

FY2010892,8930(5.0)

18,394-26,30829.0

17,362-

Net income
per share―basic

Net income
per share―diluted

Yen

Yen

FY2011098.49-FY2010055.73-(2) Non-consolidated Financial Position
Total assets
Million yen

Total net assets

Equity ratio

Net assets per share%

Million yen

Yen

FY2011

2,041,283

1,013,131

49.5

3,244.91

FY20102,161,479

1,051,752

48.6

3,370.13(Note) Shareholders' equity: FY2011 ― 1,010,999 million yen, FY2010 ―1,050,032 million yen* Progress of procedures for financial review of financial results
・ The consolidated financial statements are under procedures of financial review, at the time of disclosure of 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 notguarantees of future performance. Certain risks and uncertainties could cause the actual results of Toyota Industries
to differ materially from any projections discussed in this report.
・ Please see page 2 on attached documents for details on performance forecasts in "Qualitative information regarding
consolidated business results".

(Attached Documents)

Contents

1.Qualitative Information and Financial Statements(1) Qualitative information regarding consolidated business results(2) Analysis on Consolidated Financial Condition(3) Cash Dividends for FY2011
2.Management Policy(1) Basic Management Policy(2) Basic Policy on the Distribution of Profits(3) Medium-to Long-Term Management Strategies
3. Consolidated Financial Statements(1) Consolidated Balance Sheets(2) Consolidated Statements of Income andConsolidated Statements of Comprehensive Income(3) Consolidated Statement of Changes in Total net assets(4) Consolidated Statements of Cash Flows(5) Note on premise of going concern(6) Basis of Presenting Consolidated Financial Statements(7) Segment Information(8) Earnings per share

- 1 -

2
2
3
3
4
4
4
5
6
6
8
10
12
13
13
14
15

1. Qualitative Information and Financial Statements(1) Qualitative information regarding consolidated business results
In fiscal 2011 (ended March 31, 2011), the global economy began to recover gradually, as certain
Asian countries, especially China, witnessed an economic recovery and the economies in the UnitedStates, Europe and other countries appear to have bottomed out. Despite the sharp appreciation of the
yen and end of the economic stimulus plan, the Japanese economy also showed signs of an upturn due
to such factors as the stabilization of private sector capital investment and a steady revival of exports. In
this operating environment, Toyota Industries Corporation and its Group companies (“Toyota Industries”)
undertook efforts to strengthen its management platform by ensuring customer trust through its
dedication to quality as well as responding quickly and flexibly to the recovery trend and expansion ofsales. However, the Great East Japan Earthquake in March had a significant impact on the Japanese
economy. Toyota Industries was also forced to suspend production partially, due to the problem of parts
supply from suppliers.
As a result, despite in the wake of the earthquake, total consolidated net sales amounted to 1,479.8
billion yen, an increase of 102.1 billion yen, or 7%, from fiscal 2010 (ended March 31, 2010). The
following is a review of operations for the major business segments.
The automobile industry showed a mild recovery due to recovery of the U.S. market and the
expansion of the Asian market. However, sales in the Japanese market declined, attributable to the endof the economic stimulus plan. Amid such operating conditions, net sales of the Automobile Segment
totaled 804.1 billion yen, an increase of 25.8 billion yen, or 3%, from fiscal 2010. Within this segment, net
sales of the Vehicle Business amounted to 375.5 billion yen, a decrease of 23.2 billion yen, or 6%, due
mainly to a decline in sales of the RAV4 and Mark X Zio, although sales of the Vitz (Yaris overseas)
increased.
Net sales of the Engine Business totaled 197.3 billion yen, an increase of 32.3 billion yen, or 20%,
attributable primarily to an increase in sales of KD diesel engines and AR gasoline engines.
Net sales of the Car Air-Conditioning Compressor Business totaled 191.8 billion yen, an increase of
14.8 billion yen, or 8%, resulting from higher sales overseas, offsetting a sales decline in Japan.
In the materials handling equipment industry, the market in emerging countries, Europe, the UnitedStates and Japan saw signs of recovery. Toyota Industries aggressively engaged in production andglobal sales promotion activities for lift trucks, a mainstay product of this segment, in line with market
recovery. As a result, net sales of the Materials Handling Equipment Segment totaled 490.6 billion yen,
an increase of 59.0 billion yen, or 14%.
Net sales of the Logistics Segment amounted to 107.7 billion yen, due to the steady performance of
cash collection and delivery services and cargo transport business of automotive-related parts.
Net sales of the Textile Machinery Segment totaled 42.7 billion yen, an increase of 21.9 billion yen, or105%. This was due mainly to an increase in sales of air-jet looms and spinning machinery on the backof the economic recovery in Asia, this segment’s primary market.
In terms of overall profit, despite rising prices of raw materials and exchange rate fluctuations, Toyota
Industries recorded an increase in net sales and maintained a reduction of fixed costs. As a result,
Toyota Industries posted consolidated operating income of 68.7 billion yen, an increase of 46.7 billion
yen, or 213%, from fiscal 2010; ordinary income of 73.9 billion yen, an increase of 42.2 billion yen, or
133%, from fiscal 2010; and net income of 47.2 billion yen compared with a net loss of 26.2 billion yen.
An extraordinary loss of 4.6 billion yen was recorded, which arose from the Great East Japan
Earthquake.

- 2 -In fiscal 2012, ending March 31, 2012, although the global economy is projected to gradually recover,uncertainties remain with regards to credit contraction, further deterioration in the employment situation,and fluctuations in raw material prices such as crude oil, as well as concerns about exchange rate
fluctuations. The operating environment in Japan is expected to remain severe, as the impacts of theearthquake on the economy could become more serious or prolonged. Forecast for FY2012 is yet to bedisclosed, as it is difficult to predict due to the effect of the earthquake. It will be announced as soon as
the decision is made.

(2) Analysis on Consolidated Financial Condition
Total assets decreased 107.8 billion yen from the end of the previous fiscal year to 2,481.4 billion
yen due mainly to a decrease in market value of investment securities. Liabilities amounted to1,405.5 billion yen, a decrease of 78.8 billion yen from the end of the previous fiscal year due mainly
to decrease of bonds payable. Net assets amounted to 1,075.9 billion yen, a decrease of 29.0 billion
yen from the end of the previous fiscal year.
Cash flows from operating activities increased by 153.6 billion yen in fiscal 2011, due mainly toposting an income before income taxes of 69.2 billion yen. Net cash provided by operating activities
decreased by 49.8 billion yen compared with an increase of 203.4 billion yen in fiscal 2010. Cash flows
from investing activities resulted in a decrease in cash of 187.5 billion yen in fiscal 2011, attributableprimarily to increase in fixed deposit amounted to 89.3 billion yen. Net cash used in investing activities
increased by 150.7 billion yen compared with a decrease of 36.8 billion yen in fiscal 2010. Cash flows
from financing activities resulted in a decrease in cash of 85.7 billion yen in fiscal 2011, due mainly toredemption of bonds of 49.1 billion yen. After adding translation adjustments and cash and cash
equivalents at beginning of period, cash and cash equivalents as of March 31, 2011 stood at 195.5 billion
yen, a decrease of 122.0 billion yen, or 38%, over fiscal 2010.

(3) Cash Dividends for FY2011
Toyota Industries paid an interim cash dividend of 25.0 yen per common share in November 2010.
Toyota Industries plans to pay a year-end cash dividend of 25.0 yen per common share, with total cash
dividends for fiscal 2011 amounting to 50.0 yen per common share, an increase of 20.0 yen per commonshare from fiscal 2010.

- 3 -2. Management Policy(1) Basic Management Policy
The basic management policies of Toyota Industries are upheld as its basic corporate philosophy. We
believe putting the following stated beliefs into viable sincere actions by all employees will lead to greater
corporate value.
① Toyota Industries is determined to comply with the letter and the spirit of the law, in Japan andoverseas, and to be fair and transparent in all its dealings.
② Toyota Industries is respectful of the people, culture and traditions of each country and region inwhich it operates. It also works to promote economic growth and prosperity in those countries andregions.
③ Toyota Industries believes that economic growth and conservation of the natural environment arecompatible. It strives to offer products and services that are clean, safe and have high quality.
④ Toyota Industries conducts intensive product research and forward-looking development activities
to create new value for its customers.
⑤ Toyota Industries nurtures the inventiveness and other abilities of its employees.
It seeks to create a climate of cooperation, so that both employees and the Company can realize
their full potential.

(2) Basic Policy on the Distribution of Profits
Toyota Industries regards the benefits of shareholders as one of its most important management
policies. Based on this stance, we will strive to strengthen Toyota Industries’ corporate constitution,
promote proactive business development and raise its corporate value.
Toyota Industries’ dividend policy is to meet the expectations of shareholders for continuous
dividends while giving full consideration to business performance, funding requirements, the dividend
payout ratio and other factors.
Toyota Industries will use retained earnings to improve the competitiveness of its products, augment
production capacity in Japan and overseas, as well as to expand into new fields of business andstrengthen its corporate constitution in securing future profits for its shareholders.

- 4 -(3) Medium- to Long-Term Management Strategies
Toyota Industries will continue to undertake concerted efforts to strengthen its management platform
and raise corporate value.
As immediate tasks, we will make a strong effort to recover quickly from the production decrease,owing to the effect of earthquake. We will make flexible production plan for it, and support the suppliers.
We will also promote business and cost structure reforms to realize a solid management platform so that
we can respond quickly to the changing market circumstances. Specifically, we will maintain astreamlined structure through the reduction of fixed costs and enhance our business in establishedmarkets in developed countries. In addition, we will accelerate our business expansion into rapidly
growing emerging countries by thoroughly and meticulously monitoring market conditions in respective
regions and introducing products suited to the characteristics and needs of each market. Toyota
Industries will also strive to establish production/supply structures to realize optimum product pricing
and delivery and to enhance the value chain to provide a wide range of customer services in eachcountry and region.
Based on quality first, Toyota Industries regards giving considerations to the environment and safety
as well as increasing our competitive strengths to be important issues to tackle over the medium to longterm. We will promote product development and advanced technology development to offer highvalue-added products that anticipate customer needs. Specifically, we will pursue business expansion
by refining our element technologies for contributing to electrification, lighter weight and energy
efficiency and by incorporating these technologies into new products released by our mainstay
businesses of automobiles and materials handling equipment. This approach is based on the
keywords of the 3Es, which Toyota Industries defines as “energy,” “environmental protection” and“ecological thinking” incorporated into our products and operating activities.
To support such consolidated management on a global scale, Toyota Industries will strive to nurture
people who take the initiative to learn, think and act and who will enhance the power of the workplace.
In addition to placing top priority on safety, we will thoroughly enforce compliance, including
observance of laws and regulations, and actively participate in social contribution activities. Throughthese and further measures, Toyota Industries aims to meet the trust of society, raise corporate value
and grow in harmony with society.

- 5 -3. Consolidated Financial Statements(1) Consolidated Balance Sheets(Million yen)
FY2010(As of March 31, 2010)

FY2011(As of March 31, 2011)

AssetsCurrent assets:
Cash and deposits

287,965

198,654

163,708

152,121-35,146

Short-term investments
Merchandise and finished goods

71,39137,358132,430
42,940Work in process

25,672

31,256

Raw materials and supplies
Deferred tax assets

25,31817,18230,065
18,493

Other current assets

47,30732,646

Allowance for doubtful accounts
Total current assets(3,103)672,801(2,863)670,893

Fixed assets:
Property, plant and equipment
Buildings and structures

366,977

367,931

Accumulated depreciation
Buildings and structures, net(196,985)
169,991(208,325)
159,606

Machinery, equipment and vehicles
Accumulated depreciation

781,683(569,604)

777,207(591,219)

Machinery, equipment and vehicles, net
Tools, furniture and fixtures

212,079
108,056

185,988
111,907

Accumulated depreciation
Tools, furniture and fixtures, net(86,215)
21,840(88,272)
23,634Land
Construction in progress
Total property, plant and equipment

119,5178,547
531,977

119,697
8,350
497,278

72,745
9,976
82,722

68,573
10,767
79,3401,162,685
5,554
10,429123,278(202)
1,301,744
1,916,444
2,589,246

1,123,306
9,786
71,48029,539(173)
1,233,940
1,810,559
2,481,452

Trade notes and accounts receivable
Lease investment assets

Intangible assets:
Goodwill
SoftwareTotal intangible assets
Investments and other assets:
Investment securities
Long-term loans receivable
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- 6 -(Million yen)
FY2010(As of March 31, 2010)

FY2011(As of March 31, 2011)

Liabilities
Current liabilities:
Trade notes and accounts payable

141,787

144,956

Short-term loans payable

46,241

99,946

Commercial papers

9,575

11,133Current portion of bonds

50,44630,829-37,873

Accounts payable-other

13,14914,349

Income taxes payable

15,014

18,320

Deferred tax liabilities

316

737

Provision for directors' bonuses

310

521

Other current liabilities

158,100

153,275

Total current liabilities

434,941

511,944

Bonds payable

231,401

205,649

Long-term loans payable299,208

236,602

Lease obligations

108,01482,813

Deferred tax liabilities

351,009309,256

Provision for retirement benefits

45,23446,924

Other long-term liabilities

14,507

12,321

Total long-term liabilities

1,049,375

893,568

1,484,316

1,405,512

Capital stock

80,46280,462

Capital surplus

106,179

106,179

Retained earnings

378,648

412,029

Treasury stock(50,689)(50,703)

Total shareholders' equity

514,601

547,968

544,068

488,277(9)46(2,430)(8,075)541,628

480,248

Subscription rights to shares

1,720

2,132

Minority interests

46,97845,589

1,104,929
2,589,246

1,075,939
2,481,452

Lease obligations

Long-term liabilities:

Total liabilities
Net assets
Shareholders' equity:

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

Total net assets
Total liabilities and net assets- 7 -(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statements of Income(Million yen)
FY2010(April 1,2009 March 31, 2010)

FY2011(April 1,2010 March 31, 2011)

Net sales

1,377,769

1,479,839

Cost of sales

1,194,399

1,250,313

Gross profit

183,370229,526

Sales commissions

6,814

8,913

Salaries and allowances

64,716

62,969Retirement benefit expenses

1,953

2,020

Depreciation

8,151

6,332

Research and development expenses

19,482

21,727

Other

60,24858,765

Total selling, general and administrative expenses

161,367

160,727

22,002

68,798Interest income

10,804

9,172

Dividends income

15,297

14,975Gain on sales of marketable securities
Equity in net earnings of affiliated companies
Other non-operating income

135
744
7,413

488
7,407

Total non-operating income

34,39532,044

Interest expenses

17,847

15,773

Loss on disposal of fixed assets
Equity in net losses of affiliated companies
Other non-operating expenses

1,257
5,535

1,281
473
9,402

Total non-operating expenses

24,641

26,93031,75673,911-

4,631

43,099-43,0994,631(11,343)

69,27913,32025,456(438)(5,234)

12,882

20,221-49,058

2,048

1,852

(26,273)

47,205

Selling, general and administrative expenses:

Operating income
Non-operating income:Non-operating expenses:

Ordinary income
Extraordinary losses:
Losses on the Great East Japan Earthquake
Losses on business restructuring of the Materials
Handling Equipment
Total extraordinary losses
Income (loss) before income taxes andminority interests
Income taxes-current
Income taxes-deferred
Total income taxes
Income before minority interests
Minority interests in income
Net income (loss)- 8 -Consolidated Statements of Comprehensive Income(Million yen)
FY2010(April 1,2009 March 31, 2010)

FY2011(April 1,2010 March 31, 2011)-

49,058Valuation difference on available-for-sale securities-(55,834)

Deferred gains or losses on hedges-

55

Foreign currency translation adjustment
Share of other comprehensive income of associates
accounted for using equity method
Total other comprehensive income-(6,375)

-

(300)

-

(62,455)-(13,396)

Comprehensive income attributable to owners of the parent-(14,174)

Comprehensive income attributable to minority interests-

777

Income before minority interests
Other comprehensive income:Comprehensive Income:- 9 -(3) Consolidated Statement of Changes in Total net assets

Shareholders' equity
Capital stock
Balance at the end of previous period
Balance at the end of current period
Capital surplus
Balance at the end of previous 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 end of previous period
Changes of items during the period
Dividends from surplus
Increase (decrease) due to increase in consolidated
subsidiaries
Increase (decrease) due to decrease in consolidated
subsidiaries
Net income (loss)
Total changes of items during the period
Balance at the end of current period
Treasury stock
Balance at the end of previous 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 end of previous period
Changes of items during the period
Dividends from surplus
Increase (decrease) due to increase in consolidated
subsidiaries
Increase (decrease) due to decrease in consolidated
subsidiaries
Net income (loss)
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 end of previous 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- 10 -FY2010(April 1, 2009 March 31, 2010)(Million yen)
FY2011(April 1, 2010 March 31, 2011)

80,46280,46280,46280,462

106,180

106,179(0)(0)
106,179(0)(0)
106,179

412,294378,648(6,231)(14,020)(1,138)

-

(1)

196

(26,273)(33,646)
378,648

47,20533,381
412,029(50,672)(50,689)

(18)
1
(16)
(50,689)

(15)
1
(13)
(50,703)548,264

514,601(6,231)(14,020)(1,138)

-

(1)

196

(26,273)(18)
0(33,663)514,601

47,205(15)
033,367547,968

392,489

544,068

151,578
151,578
544,068(55,790)(55,790)488,277

(Million yen)

Deferred gains or losses on hedges
Balance at the end of previous 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 end of previous 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 end of previous 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 end of previous 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 end of previous 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 end of previous period
Changes of items during the period
Dividends from surplus
Increase (decrease) due to increase in consolidated
subsidiaries
Increase (decrease) due to decrease in consolidated
subsidiaries
Net income (loss)
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- 11 -FY2010(April 1, 2009March 31, 2010)

FY2011(April 1, 2010March 31, 2011)

24

(9)

(33)
(33)
(9)

55
55
46

(10,048)(2,430)

7,618
7,618
(2,430)(5,645)(5,645)(8,075)

382,466

541,628

159,162
159,162541,628(61,380)(61,380)
480,248

1,224

1,720

496
496
1,720

411
411
2,132

45,715

46,9781,263
1,263
46,978(1,389)(1,389)45,589977,670

1,104,929(6,231)(14,020)(1,138)

-

(1)

196

(26,273)(18)
0160,922
127,259
1,104,929

47,205(15)
0(62,357)(28,990)
1,075,939

(4) Consolidated Statements of Cash Flows(Million yen)

Cash flows from operating activities:
Income(loss) before income taxes and minority interests
in consolidated subsidiaries
Depreciation and amortization
Impairment loss
Increase (decrease) in allowance for doubtful accounts
Interest and dividends income
Interest expenses
Equity in net (earnings) losses of affiliates(Increase) decrease in receivables(Increase) decrease in inventories
Increase (decrease) in payables
Others, net
SubtotalInterest and dividends received
Interest expenses paid
Income taxes (paid) refund
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 (increase) decrease in fixed deposit
Others, net
Net cash used in investing activities
Cash flows from financing activities:
Increase (decrease) in short-term loans payable
Proceeds from long-term loans payable
Repayments of long-term loans payable
Proceeds from issuance 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 period
Cash and cash equivalents at end of period- 12 -FY2010(April 1,2009 March 31, 2010)

FY2011(April 1,2010 March 31, 2011)(11,343)

69,279110,119
36,902
84(26,101)
17,847(744)(777)
17,334
36,164
7,372
186,859
26,145(17,976)
8,424
203,452

89,576(195)(24,148)
15,773473
11,650(16,953)
3,440
19,228168,125
24,173(15,882)(22,755)
153,661(48,312)15,729(3,927)
197(48,085)
7,645(56,000)
2,963

(781)

(25)

-

41

(293)
2,003
(1,470)(36,855)(30)
730(89,351)(5,461)(187,574)(37,614)
27,820(1,915)50,000(33,286)(18)(6,231)(625)(36,359)(38,230)
1,211
129,578
188,011317,590(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(5) Note on premise of going concern : No
(6) Basis of Presenting Consolidated Financial Statements(6) (Matters concerning the scope of Consolidation)(7)

Consolidated subsidiaries : 162(Addition 11 companies)
TOYOTA L&F Fukui Co., LTD.
Toyota Textile Machinery (Shanghai)Co., Ltd.
Wanbishi Archives China, Co., Ltd.
P.T. TD Automotive Compressor Indonesia
Toyota Material Handling North America ,Inc.
Toyota Material Handling India Pvt. Ltd.
Atlas Toyota Material Handling, LLC
Toyota Material Handling Europe Group (4 companies)(Removal 8 companies)
TF Logistics Co., Ltd.
ACTIS Manufacturing, Ltd, LLC
Aichi Corporation Group (2 companies)
Toyota Material Handling Europe Group (4 companies)(6) (Matters concerning the application of equity method)(7) Equity-method affiliates : 12
(Removal 1 company)
FUJI LOGISTICS CO. LTD.
(Application of Accounting Standard for Asset Retirement Obligations)
Effective from the fiscal year beginning April 1, 2010, Toyota Industries applies Financial Accounting Standard No. 18“Accounting Standard for Asset Retirement Obligations” and its Implementation Guidance No. 21 “Guidance on
Accounting Standard for Asset Retirement Obligations,” both of which were issued on March 31, 2008 by the
Accounting Standards Board of Japan.
(Application of Accounting Standard for Consolidated Financial Statements)
Effective from the fiscal year beginning April 1, 2010, Toyota Industries applies Cabinet Office Ordinance No. 5“Cabinet Office Ordinance Partially Revising Regulation for Terminology, Forms and Preparation of Consolidated Financial
Statements,” which was issued on March 24, 2009 and is based on Financial Accounting Standard No. 22 “AccountingStandard for Consolidated Financial Statements” issued on December 26, 2008 by the Accounting Standards
Board of Japan. Accordingly, Toyota Industries includes “Income before Minority Interests” in the financial statements fromthe first quarter of the fiscal year.
(Additional Information)
Effective from the fiscal year beginning April 1, 2010, Toyota Industries applies Financial Accounting Standard No. 25“Accounting Standard for Presentation of Comprehensive Income”, which was issued on June 30, 2010.

- 13 -

(7) Segment Information

1. Business segment information(1) FY2010 (April 1,2009 - March 31, 2010)(Million yen)

Automobile

Materials
handling
equipment(1) Outside customer sales

778,356

431,619

108,596

20,87838,317(2) Inter-segment transactions

12,810

999

5,685

57

Total

791,166

432,618

114,282

Operating expenses

767,503442,168

Operating income (loss)

23,663

AssetsDepreciation and amortization

Textilemachinery

Logistics

OthersTotal

Eliminations

Consolidated

1,377,769-

1,377,769

10,301

29,853(29,853)-

20,936

48,6191,407,623(29,853)

1,377,769

108,987

22,77244,647

1,386,080(30,313)

1,355,767(9,549)5,294(1,836)

3,971

21,542459

22,002

346,068

500,652

190,745

14,03756,187

1,107,690

1,481,555

2,589,246

50,08545,958

10,735

1,032

2,306

110,119-

110,119-

36,902---36,902-36,902

14,98429,908

6,963

72

1,104

53,033-53,033

Net sales

Impairment loss
Capital expenditures(Notes) 1. Business segments are divided by the type and nature of the product.
(Notes) 2. Main products of each segment:
Automobile.........................…..

Vehicles, diesel and gasoline engines, car air-conditioning compressors,
foundry parts, electronics components
Materials handling equipment... Lift trucks, warehouse trucks, automated storage and retrieval systems, aerial work platforms
Logistics………………………… Land transportation services, cash collection and delivery and cash proceeds management services,
data storage, management, collection and delivery services
Textile machinery……………… Weaving machinery, spinning machinery
Others…………………………... Semiconductor package substrates(Notes) 3. Assets included in the "Eliminations" are mainly cash and deposits, marketable securities and investments in securities of Toyota Industries
Corporation.

(2) FY2011 (April 1,2010 - March 31, 2011)(Million yen)

Automobile

Materials
handling
equipment(1) Outside customer sales

804,167

490,676

107,773

42,79534,426(2) Inter-segment transactions

21,151

654

8,069

12

Total

825,319

491,330

115,842

Segment Income

32,87623,999Segment Assets

305,871(1) Depreciation and amortization(2) Increase in Fixed Assets andIntangible Assets

Logistics

Textilemachinery

OthersTotal

Eliminations

Consolidated

1,479,839-

1,479,839

11,85341,740(41,740)-

42,807

46,279

1,521,580(41,740)

1,479,839

5,397

2,592

3,445

68,312

485

68,798499,120

191,774

15,27761,8081,073,851

1,407,600

2,481,452

41,81330,845

7,298

904

1,725

82,587-

82,587

22,95337,453

7,215

473

1,433

69,528-69,528Net sales

Others(Notes) 1. Main products of each segment:
Automobile.........................…..

Vehicles, diesel and gasoline engines, car air-conditioning compressors,
foundry parts, electronics components
Materials handling equipment... Lift trucks, warehouse trucks, automated storage and retrieval systems, aerial work platforms
Logistics………………………… Land transportation services, cash collection and delivery and cash proceeds management services,
data storage, management, collection and delivery services
Textile machinery……………… Weaving machinery, spinning machinery
Others…………………………... Semiconductor package substrates
2. Segment income of 485 million yen is inter-segment elimination.
Assets included in the "Eliminations"of "Segment Assets" are mainly cash and deposits, marketable securities and investments
in securities of Toyota Industries Corporation.
3. Segment income is adjusted to operating income of Consolidated Statements of Income.

- 14 -

(Additional Information)
Effective from the fiscal year beginning April 1, 2010, Toyota Industries applied Financial AccountingStandard No. 17 “Revised Accounting Standard for Disclosures about Segments of an Enterprise and RelatedInformation”, issued on March 27, 2009 and its Implementation Guidance No. 20 “Guidance on AccountingStandard for Disclosures about Segments of an Enterprise and Related Information”, issued on March 21, 2008by the Accounting Standards Board of Japan.

(8) Earnings per share
FY2010(April 1,2009 March 31, 2010)
Net assets per share(exact yen amounts)
Net loss per share-basic(exact yen amounts)

FY2011(April 1,2010 March 31, 2011)
3,390.02)(84.33)

Amounts for net loss per share-diluted are notshown due to being negative numbers.

Net assets per share(exact yen amounts)

3,300.17

Net income per share-basic(exact yen amounts)

151.51

Amounts for net income per share-diluted are notshown due to no residual securities.

(Notes) 1. The basis of calculation for net income(loss) per share and net income per share-diluted is as follows:(Million yen)
FY2011(April 1,2010 March 31, 2011)

FY2010(April 1,2009 March 31, 2010)
1 Net income per share- basic
Net income(loss)
Net income(loss) not attributable to common shareholders
Net income(loss) attributable to common shareholders
Weighted-average shares(thousand)
2 Net income per share-diluted
Increase in common shares outstanding(thousand)
Subscription rights to shares(26,273)(26,273)
311,573)

47,20547,205311,568--(Notes) 2. The basis of calculation for net assets per share is as follows:
FY2010(April 1,2009 March 31, 2010)
Total net assets
Amounts deducted from total net assets(Million yen)
FY2011(April 1,2010 March 31, 2011)

1,104,929

1,075,939

48,69947,721

Subscription rights to shares

1,720

2,132

Minority interests in consolidated subsidiaries

46,97845,5891,056,230

1,028,217

311,570

311,564

Net assets applicable to commons stock at end of year
Outstanding shares of common stock at end of year
used for the computation of net assets per share(thousand)- 15 -