Realizing Toyota Industries’ Vision Based on

Our Basic Philosophy

Based on our basic philosophy, we aim to contribute to making the earth a better place to live, enrich lifestyles andpromote a compassionate society by making the most of the core assets and strengths we have accumulated to datein promoting our diverse businesses such as materials handling equipment, logistics solutions, vehicle, engine, carair-conditioning compressor, car electronics and textile machinery and by engaging in value creation.

Vision 2020

[Respect for the Law]
Toyota Industries is determined to comply withthe letter and spirit of the law, in Japan andoverseas, and to be fair and transparent in allits dealings.

Reasons for Revising the Vision

To contribute to an enriched
lifestyle and comfortable society

Key Components■ Trends in the Fourth Industrial Revolution such as
artificial intelligence (AI), big data, the Internet ofThings (IoT) and robotics■ Heightened geopolitical risks such as trade disputes andregional conflicts■ Expanding social demands for non-financial factors such asenvironmental, social and governance (ESG) issues andsustainable development goals (SDGs)

MobilityBasic ConceptNewProductNewProductNew
ProductNewProductNew
ProductOverview of the New Vision■ Contribute to making the earth a better place to live, enrich
lifestyles, and promote a compassionate society bysupporting industrial and social infrastructure around theworld through the continuous supply of products/services
that anticipate customers’ needs.

■ The basic concept remains the same because
the vision intrinsically encapsulates Toyota
Industries’ aspirations and direction to betaken for the medium to long term.
■ Based on the previous visions, the vision is tobe updated to the extent necessary inresponse to changes in the internal andexternal environments.

Value Chain<Expansion of value chain>

World Market<Business development in world markets>

External Evaluations

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meod “srez/mareant”“Cl3Es (Energy, Environmental protection and Ecological thinking) <Technological innovation in environment/energy areas>

We encapsulated the spirit of founder Sakichi Toyoda in theToyoda Precepts, which serve as Toyota Industries’ corporate
creed and upon which our Basic Philosophy is based.

■ TICO Group contributes toward theachievement of the United Nations’
SDGs by striving to resolve social
issues through corporate activities.

Changes for Toyota Industries

Create new values by being studious and creative■ Expansion of Toyota Industries’ businesses, structuresand organizations

Automobile

Selected as an A-List company of theCDP surveys in both the climate change
and water security in 2018. (See pages65 and 75.)

Financial Section /Corporate Information[Respect for Employees]
Toyota Industries nurtures the inventivenessand other abilities of its employees. It seeks tocreate a climate of cooperation, so that
employees and the Company can realize theirfull potential.

Solution■ Always taking on challenges into new
businesses since establishment in 1926
■ Toyoda Precepts (corporate creed), a founding
spirit that has consistently served as a cornerstoneof Toyota Industries

Changes in External Environment

Toward a SustainableSocietyMaterials
Handling
Equipment /Logistics

Take on challenges and enter into new businesses
Textile Machinery
TPS

Promotion of ESG Initiatives[Respect for the Natural Environment]
Through its corporate activities, Toyota
Industries works to contribute to regional living
conditions and social prosperity and also
strives to offer products and services that areclean, safe, and of high quality.

Concept behind the New Vision

Strategies and Businesses

Support industries and social foundations aroundthe world by continuously supplying products/
services that anticipate customers’ needs in order
to contribute to an enriched lifestyle andcomfortable society[Respect for Others]
Toyota Industries is respectful of the people,culture, and traditions of each region andcountry in which it operates. It also works topromote economic growth and prosperity inthose regions and countries.

[Respect for Customers]
Toyota Industries conducts intensive productresearch and forward-looking development
activities to create new value for its customers.

Vision 2030

Company Introduction

Basic Philosophy

Team

Manufacturing foundation strength

Toyoda Precepts

Toyota Industries’ CSR Activities

Contribution asa corporate citizen

Main Scope of CSR Activities

Contribution in
non-business areas

Ethical responsibility /ComplianceFairness, transparency,
respect for human rights
and cultures, environmental
conservation

Foundation ofbusiness activities

Economic responsibility(business responsibility)

Continuous provision of
products and services
that contribute to society

Contributions throughbusiness activities

Corporate social
responsibility

Adhering to a quality first
approach, we ensuremonozukuri (manufacturing)that quickly responds to thediverse, ever-changing needs ofcustomers. (Relationship withOur Customers)

We encourage open
procurement and seek
co-existence and co-prosperity
with our business partners(suppliers) based on mutualtrust. (Relationship with Our
Business Partners)

We strive for timely,
appropriate and fair information
disclosure while promoting
good communications withshareholders and investors.
(Relationship with Our
Shareholders and Investors)

We aim to create safe andsecure workplaces where
each and every associate
can exercise their diverse
potentials and play activeroles. (Relationship with OurAssociates)

We fulfill our role as a good
corporate citizen and actively
undertake social contribution
activities. (Relationship withOur Local Communities)

Our ContinuousCommitment

Society (company’s raison d’etre)

2

Toyota Industries Report 201945