Consolidated Statements of Financial Position
Toyota Industries Corporation
For the years ended March 31, 2018 and 2019

Millions of yen
2018

Millions of yen

2019

Assets2019¥ 479,253¥ 506,547

Liabilities and Equity¥ 239,140		 Time deposits with deposit terms of over three months

111,796

223,219		 Trade payables and other payables		 Trade receivables and other receivables

764,514845,255		 Corporate bonds and loans

400,803342,232

6,359

3,988		 Other financial liabilities

71,68367,030223,714245,182		 Accrued income taxes

27,097

15,993		 Income tax receivables

9,359

13,713		Provisions

7,754

8,807		 Other current assets

54,21953,282		 Other current liabilities

19,284

16,754

Total current assets

1,493,793

1,623,784

Total current liabilities

1,005,876

957,365		 Other financial assets		Inventories

Current liabilities

Non-current liabilities

Non-current assets
938,030		 Corporate bonds and loans

767,297

955,183		 Goodwill and intangible assets

361,797

361,078		 Other financial liabilities

70,912

57,813337

5,803		 Net defined benefit liabilities

86,655

101,347

10,352

10,253		Provisions

8,460

7,5252,441,545

2,258,788		 Deferred tax liabilities

665,342598,083		 Net defined benefit assets

29,23228,603		 Other non-current liabilities

20,086

21,918		 Deferred tax assets

27,01730,590Total non-current liabilities

1,618,754

1,741,872		 Other non-current assets

5,204

4,241

2,624,631

2,699,237

3,764,707

3,637,390¥5,258,500¥5,261,174		Capital stock

80,46280,462		Capital surplus

105,343

103,507		Retained earnings

1,084,139

1,178,773(59,284)(59,297)

1,342,730

1,176,272

2,553,391

2,479,718

80,47882,218

Total equity

2,633,869

2,561,936

Total liabilities and equity¥5,258,500¥5,261,174		 Trade receivables and other receivables		 Investments accounted for by the equity method		 Other financial assets

Total non-current assets
Total assets

Total liabilities
EquityShare of equity attributable to owners of the parent		Treasury stock		 Other components of shareholders’ equity
Total share of equity attributable to owners of the parent
Non-controlling interests

Toyota Industries Report 2019

Financial Section /Corporate Information

889,220

Promotion of ESG Initiatives		 Property, plant and equipment

Strategies and Businesses¥ 323,830		 Cash and cash equivalents

Company Introduction

Liabilities

Current assets

78

201879

Consolidated Statements of Profit or Loss

Consolidated Statements of Comprehensive Income

Toyota Industries Corporation
For the years ended March 31, 2018 and 2019

Toyota Industries Corporation
For the years ended March 31, 2018 and 2019

Millions of yen
2019

Net sales¥ 2,003,973¥ 2,214,946

Cost of sales(1,534,207)(1,702,599)

469,765

512,346		 Items not to be reclassified into profit or loss

(334,347)(376,866)

Other profit21,915

Other expenses¥173,816¥ 159,778			 Profit (loss) from FVTOCI financial assets

184,278(159,407)

11,389			 Remeasurements of defined benefit plans

3,629(9,440)(9,887)(12,184)			Other comprehensive income of affiliates accounted for by the equity method

(4)

(6)

Operating profit

147,445

134,684		 Total items not to be reclassified into profit or loss

187,903(168,854)

Financial income

70,27976,603		 Items that can be reclassified into profit or loss

Financial expenses(10,046)(10,226)

			 Foreign currency translation adjustment(1,564)(6,921)

2,149

1,163			Cash flow hedges

1,419

(621)

209,827

202,225			Other comprehensive income of affiliates accounted for by the equity method

24

(171)

(36,010)(42,447)

		 Total items that can be reclassified into profit or loss

(120)

(7,713)

173,816

159,778

Total other comprehensive income after income taxes

187,782(176,568)

361,599(16,789)

		 Owners of the parent

355,101(23,702)

		Non-controlling interests

6,497

6,912

Selling, general and administrative expenses

Share of profit (loss) of investments accounted for by the equity method
Profit before income taxes
Income taxes
ProfitProfit attributable to:168,180

152,748		Non-controlling interests

5,635

7,029

Earnings per share¥

541.67—

Note: Operating profit in fiscal 2018 includes a one-time effect of ¥14.3 billion arising from changes in retirement benefit plans.

Toyota Industries Report 2019¥

Total comprehensive income attributable to:491.97—

Financial Section /Corporate Information

Earnings per share—diluted (yen)Other comprehensive income:Comprehensive income		 Owners of the parent

Earnings per share—basic (yen)ProfitPromotion of ESG Initiatives

2019

Strategies and Businesses

2018

Company Introduction

2018

Gross profit

80

Millions of yen

81Consolidated Statements of Changes in Equity
Toyota Industries Corporation
For the years ended March 31, 2018 and 2019

Millions of yen

Millions of yen

Share of equity attributable to owners of the parent

Capital stock Capital surplus

Retainedearnings¥ 954,503¥(59,272)¥1,209,592

Profit——168,180———

Other comprehensive income

—

—

—

—

183,956

3,525

Total comprehensive income——

168,180—

183,956

Repurchase of treasury stock

—

——

(12)

Disposal of treasury stock———

Dividends——

Changes in ownership interest ofsubsidiaries—

Changes in non-controlling interests
as a result of changes in scope ofconsolidation¥—

Balance at April 1, 2017

Cash flow
hedges¥(50,417)¥

Subscription
rights toshares

Total

Total

Noncontrollinginterests

Total equity¥1,159,181¥2,240,293¥76,174¥2,316,467

—

—

—

—

168,180

5,635

173,816

Other comprehensive income(1,980)1,419—

186,920

186,920861

187,782

3,525

Total comprehensive income(1,980)1,419—

186,920355,101

6,497

361,599——

Repurchase of treasury stock

—

—

—

—(12)

—(12)

—

—

—

Disposal of treasury stock

—

—

—

—

—

—

—

(41,915)———Dividends

—

—

—

—

(41,915)(2,390)(44,306)

(74)

—

—

—

—

Changes in ownership interest ofsubsidiaries

—

—

—

—

(74)

—

(74)

—

—

—

—

—

—

Changes in non-controlling interests
as a result of changes in scope ofconsolidation

—

—

—

—

—

166

166

Reclassified into retained earnings

—

—

3,371

—

153

(3,525)

Reclassified into retained earnings

—

—

—

(3,371)———Other increases (decreases)

—

—

—

—

—

—

Other increases (decreases)

—

—

—

—

—

30

30

Total transactions with owners

—

(74)

(38,544)

(12)

153

(3,525)

Total transactions with owners

—

—

—

(3,371)(42,003)(2,193)(44,196)

80,462

105,343

1,084,139(59,284)

1,393,702—(52,397)

1,426—

1,342,730

2,553,391

80,4782,633,869

—

—

3

—

—

—

Effect of changes in accounting policies

—

—

—

—

3

—

3

80,462

105,343

1,084,143(59,284)

1,393,702—

Restated balance at April 1, 2018(52,397)

1,426—

1,342,730

2,553,394

80,4782,633,873

Profit——152,748———

Profit————152,748

7,029

159,778

Other comprehensive income

—

—

—

—

(159,630)(9,693)

Other comprehensive income(6,505)(621)—(176,451)(176,451)(116)(176,568)

Total comprehensive income——

152,748—(159,630)(9,693)

Total comprehensive income(6,505)(621)—(176,451)(23,702)

6,912(16,789)

Repurchase of treasury stock

—

—

—

(12)

—

—

Repurchase of treasury stock

—

—

—

—

(12)

—

(12)

Disposal of treasury stock

—

0—

0

—

—

Disposal of treasury stock

—

—

—

—

0—

0Dividends——(48,125)———

Dividends

—

—

—

—

(48,125)(2,353)(50,478)

Changes in ownership interest ofsubsidiaries—(1,835)

—

—

—

—

Changes in ownership interest ofsubsidiaries

—

—

—

—

(1,835)(2,969)(4,805)

Changes in non-controlling interests
as a result of changes in scope ofconsolidation

—

—

—

—

—

—

Changes in non-controlling interests
as a result of changes in scope ofconsolidation

—

——

——

100

100

Reclassified into retained earnings——(9,992)

—

298

9,693

Reclassified into retained earnings

—

—

—

9,992

—

—

—

Other increases (decreases)

—

—

—

—

—

—

Other increases (decreases)

—

—

—

—

—

49

49

Total transactions with owners—(1,835)(58,117)

(12)

298

9,693

Total transactions with owners

—

—

—

9,992

(49,973)(5,172)(55,146)¥80,462¥103,507¥1,178,773¥(59,297)¥1,234,370¥(58,903)

¥ 804

¥—

¥1,176,272¥2,479,718¥82,218¥2,561,936

Balance at March 31, 2018
Effect of changes in accounting policies
Restated balance at April 1, 2018

Balance at March 31, 2019

Toyota Industries Report 2019¥—Profit

Balance at March 31, 2018

Balance at March 31, 2019

Financial Section /Corporate Information¥—Promotion of ESG Initiatives

6Strategies and Businesses¥105,417

Other components of shareholders’ equity
Foreigncurrencytranslation
adjustment

Company Introduction¥80,462

Balance at April 1, 201782

Share of equity attributable to owners of the parent

Other components ofshareholders’ equity
Treasury stock Profit (loss) from Remeasurements
FVTOCI financialof definedassets
benefit plans

83Consolidated Statements of Cash Flows
Toyota Industries Corporation
For the years ended March 31, 2018 and 2019

Millions of yen2018

2019

Cash flows from operating activities:

2,815(67,115)(72,301)

Interest expenses

7,862

8,122

Share of (profit) loss of investments accounted for by the equity method(2,149)(1,163)(Increase) decrease in inventories(23,875)(22,024)(Increase) decrease in trade receivables and other receivables(37,417)(86,533)(452)

42,548Others(22,145)

2,698

Subtotal

229,863

262,340

Interest and dividends income received

67,401

71,997

Interest expenses paid

(7,766)(8,461)

Income taxes paid

(20,929)(55,570)

268,567

270,306(200,115)(225,621)

Proceeds from sales of property, plant and equipment

12,474

14,288

Payments for purchases of investment securities(18,022)(44,123)136

757(172,511)(7,502)

Payments for loans made(648)(2,053)

Proceeds from collection of loans

950

1,353

Payments for bank deposits(241,296)(447,937)

Proceeds from withdrawals of bank deposits

292,010336,327(248)—(13,052)(20,488)(340,324)(395,000)

Net cash provided by operating activities
Cash flows from investing activities:
Payments from purchase of property, plant and equipment

Proceeds from sales of investment securities
Payments for acquisition of subsidiaries’ stock
resulting in change in scope of consolidation

Payments for transfer of business
OthersNet cash used in investing activities

84

Toyota Industries Report 2019

70140

Net increase (decrease) in short-term loans (within three months)(32,031)(9,442)

Proceeds from short-term loans payable (over three months)

26,72936,757

Repayments of short-term loans payable (over three months)(26,607)(29,634)

Proceeds from long-term loans payable

108,882

228,884

Repayments of long-term loans payable(162,706)(223,417)

Proceeds from issuance of corporate bonds

294,596

159,106

Repayments of corporate bonds(10,000)(75,949)

(12)

(12)

Cash dividends paid

(41,915)(48,125)

Cash dividends paid to non-controlling interests(2,390)(2,353)

Proceeds from payments by non-controlling interests

422—Others

(572)

9,330

153,30340,467

Translation adjustments of cash and cash equivalents(1,400)(464)

Net increase (decrease) in cash and cash equivalents

80,145(84,690)

Cash and cash equivalents at beginning of period

243,685

323,830¥ 323,830¥ 239,140

Payments for repurchase of treasury stock

Net cash provided by (used in) financing activities

Cash and cash equivalents at end of period

Financial Section /Corporate Information

2,849

Increase (decrease) in trade payables and other payables(4,812)

Promotion of ESG Initiatives

185,952

Interest and dividends income(1,159)Payments for acquisition of subsidiaries’ stock
not resulting in change in scope of consolidation
Proceeds from sales of subsidiaries’ stock
not resulting in change in scope of consolidation

Strategies and Businesses

162,481

Impairment losses

2019

Company Introduction¥ 202,225

Depreciation and amortization2018

Cash flows from financing activities:¥ 209,827

Profit before income taxes

Millions of yen85