FY2020
Financial Results
May 1, 2020

1. Points of financial results
2. Financial results for FY2020
3. Impact of COVID‐19

1/12

Points of Financial Results for FY2020
1. Net sales and profits decreased, however, excluding
impact of exchange rate fluctuations, achieved
increases in both net sales and profits.
2. Interim dividends increased to ¥160 per share,¥5 increase compared with previous year.

3. Full year forecast will be announced when it becomes
possible and ready to disclose.

2/12Performance <FY2020>(Billion yen)

FY2019FY2020Change

2,214.9

2,171.3(43.6)(2.0%)

Operating profit

134.6

128.2

(6.4)

(4.8%)

Profit before income taxes

202.2

196.2(6.0)(2.9%)

Profit attributable to ownersof the parent

152.7

145.8

(6.9)

(4.5%)

Earnings per share¥491.97¥469.85(¥22.12)Dividends per share

¥155

¥160

¥5

Consolidated payout ratio

31.5%

34.1%

-¥/US$¥111¥109（¥2）¥/Euro¥128¥121（¥7）

Net sales‐ Overall net sales and profits decreased due mainly to unit sales decrease in Materials Handling Equipment
segment and impact of exchange rate fluctuations although net sales and profits increased in Automobile
segment backed by unit sales increase in Vehicle and Engine businesses.
‐ Dividends increased by ¥5 per share compared with previous year to ¥160.
3/12

Dividends
26.6

32.3

29.0

30.0

<30.4>
20.6

29.7<30.4>
27.7

31.5

34.1

Consolidated pay out ratio (%)
(Yen)

160
140
120

150

Dividends pershare (yen)

100

120

80

80

80
Year‐end

65

60

60

50

40

25

208060

160

125

110
85

155

55

50

3025252012

2013

35506060

2016

2017

7075

2018

2019

80Interim02014

2015

2020 (FY)* Total return ratio for fiscal 2016 including the acquisition of treasury stock is 30.4%.
* Pay out ratio for fiscal 2018 excluding the one time effects of the US tax reforms is 30.4%.

4/12

Segment Information <FY2020>
Net sales [Operating profit](Billion yen)

FY2019FY2020ChangeUnit sales(Thousand units)

VehicleEngine

82.4
108.4

89.9
122.4

7.5
14.0

9.1%
12.9%

Car Air-Conditioning
Compressor

346.2

328.1

(18.1)(5.2%)

Electronics parts,
Foundry and others

73.6

73.2

(0.4)

(0.5%)

610.7
[6.8]

613.8
[17.2]

3.1[10.4]

Materials Handling
Equipment

1,466.6[114.6]

1,436.3[102.2]

Textile Machinery

76.3
[7.3]

Others
Total

Automobile

FY2019FY2020ChangeRAV4Vitz (Yaris)

235
50

324-89(50)0.5%Vehicle

285

324

39

(30.3)[(12.4)](2.1%)

DieselGasoline

375
218

389
418

14200

61.7
[2.9]

(14.6)[(4.4)](19.1%)Engine

593

807

214

32,98031,030(1,950)

61.2
[5.9]

59.3
[5.9]

(1.9)
[0.0]

(3.1%)Car Air-Conditioning
Compressor
Materials Handling
Equipment

300

278(22)2,214.9[134.6]

2,171.3[128.2](43.6)[(6.4)](2.0%)

Air-jet loom

9.0

6.8

(2.2)

Vehicle:Net sales increased as unit sales of RAV4 increased.
Engine:Net sales increased as unit sales of A25A and M20A gasoline engines increased.
Car Air‐Conditioning:Although unit sales in Japan increased, decreases in Europe and North America
Compressor
led to net sales decrease.
Materials Handling:Unit sales decrease of lift trucks in each region led to net sales decrease.
Equipment
5/12

Changes in Operating Profit
Year‐on‐year comparison (FY2019 and FY2020)
Operating profit ¥6.4 billion decrease (¥134.6 to ¥128.2 billion)

+12.0
＋17.5

+0.8

(8.7)

Decrease in
expenses andImpact ofothers
COVID-19
Cost reduction

134.6
Sales efforts+30.3(Billion yen)

(7.9)
(7.7)
Impact ofTyphoon No. 19(Hagibis)(6.7)
Impact ofexchange rate
fluctuations(4.8)
Increase inlabor costs Increase indepreciation

(0.9)

128.2

Increase in
raw material
costs(36.7)FY2019FY2020‐ Sales efforts and cost reduction contributed to increase of operating profit, however
impact of Typhoon No. 19 and COVID‐19 as well as exchange rate fluctuations
negatively affected, resulting decrease of operating profit.
6/12

Performance <FY2020>(Billion yen)

FY2019FY2020ChangeInvestments intangible assets

113.7

106.0

(7.7)

(6.8%)

Depreciation

85.6

90.4

4.8

5.7%

‐ Although investments in tangible assets in Car Air‐Conditioning Compressor
business and Materials Handling Equipment segment increased, those in
Vehicle and Engine businesses decreased, resulting decrease in total.

7/12

Performance <FY2020>(Billion yen)

As of March 31,
2019

As of March 31,
2020

Total assets5,261.1

5,279.6

18.5

Total equity

2,561.9

2,520.5(41.4) (1.6%)

Share of equity
attributable to owners of
the parent¥7,986.59¥7,854.87(¥131.72)-Ratio of share of equity
attributable to owners of
the parent

47.1%

46.2%

-

-

254

256

2-

Consolidated
subsidiaries

Change0.4%‐ Total assets remains on par with the previous year, while market value ofinvestment securities decreased, cash and cash equivalent increased.

8/12

Impact of COVID‐19(1) Impact on major manufacturing operations
Period of Production Halt
BusinessCountry / Region

Materials Handling
Equipment

JapanUSAEurope

ChinaOthers

Car Air‐Conditioning
Compressor

JapanUSAEurope
China
Indonesia

TMH
Raymond
TMHMS (Sweden)
TMHMF (France)
TMHMI (Italy)
TIK
Tailift Qingdao
TMHM (Brazil)
Tailift Taiwan
MACI
TACG
TDDK (Germany)
TACKYST
TACI

Composition Mar 1 1020

Apr 1 1020

May 1 1020

22%
15%
17%
27%3%6%
3%
5%
1%
1%
30%
16%
14%
17%
5%8%10%† Plans and results as of April 289/12Impact of COVID‐19(1) Impact on major manufacturing operations
Period of Production HaltBusinessCountry / Region

Compos i ti onVehicle
EngineJapan

100%

Japan

79%

Otherss

TIEI (India)

Electro‐nics

TextileMachinery

100%Japan

100%(AJL)KTTM (India)

20

Apr 1 1020

May 1 102021%Japan

Otherss

Mar 1 10100%(Roving)† Plans and results as of April 28

10/12

Impact of COVID‐19(2) Other impact on our business Materials Handling Equipment‐ Unable to visit customers causing limited sales and after‐sales
service activities‐ Customer’s request to postpone delivery schedules‐ Some order cancellation from customers‐ Decrease of order intake due to slowdown of lift truck market
 Car Air‐Conditioning Compressor‐ Decrease of unit sales due to halt of car manufacturers’ production
 Textile Machinery‐ Limited sales and after‐sales service activities by business travels
restriction

11/12

Impact of COVID‐19(3) Immediate actions
 Policy‐ Continue business activities paying attention to infection prevention‐ Decrease close contact through encouraging working from home andconference call including video conference, restricting business travel Reduction of investments and expenses‐ Postpone and re‐examine non‐essential and non‐urgent
investment and expenses‐ Continue emergency profit improvement activities including
review and discontinuance of meetings and works, andreduction of expenses and administrative costs‐ Halt large meetings and events
 Increase of cash reserves‐ Increase from two months equivalent to consolidated net sales tothree months
12/12

Cautionary Statement with Respect toForward‐Looking Statements
This presentation contains projections of business results as well as statements regarding business plans,
forecasts, strategies, and other forward‐looking statements that are not to be taken as historical fact.
Projections and forward‐looking statements are based on the current expectations and estimates ofToyota Industries and its Group companies. All such projections and forward‐looking statements are basedon management’s assumptions and beliefs derived from the information available to it at the time ofproducing this report and are not guarantees of future performance. You should also be aware thatcertain risks and uncertainties could cause the actual results of Toyota Industries and its Group companies
to differ materially from any projections or forward‐looking statements appearing in this report. Theserisks and uncertainties include, but are not limited to, the following: 1) economic trends, 2) various
competitive pressures, 3) changes in relevant laws and regulations, and 4) fluctuations in exchange rates.