FINANCIAL SUMMARYFY2017

Third Quarter(April 1, 2016 through December 31, 2016)

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 corporationand its Group companies undertake no obligation to publicly update or revise any forward-looking statements, whether as aresult of new information, future events or otherwise. Therefore, it is advised that you should not rely solely upon theseprojections and forward-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 materiallyfrom any projections or forward-looking statements discussed in this report. These risks and uncertainties include, but are notlimited 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 price fluctuations, 11) effects of disasters, power blackouts and other incidents, 12) latent risks associated withinternational activities and 13) retirement benefit liabilities.

February 2, 2017

FY2017 Third Quarter Consolidated Financial Results<Japanese GAAP>(April 1, 2016 - December 31, 2016)

TOYOTA INDUSTRIES CORPORATION
Stock exchange listings: Tokyo and Nagoya (Code number: 6201) (URL: https://www.toyota-industries.com/ )Representative person: Akira Onishi, President
Contact person: Kuniaki Matsumoto, General Manager of Accounting Department(Tel. +81-(0)566-22-2511)
The expected date of submission of the quarterly report: February 10, 2017
The expected date of dividends payment: －Additional documents to supplement quarterly financial results: Yes
Quarterly IR presentation: Yes (For analysts and professional investors)(Amounts less than one million yen are omitted)

1. Financial Highlights for FY2017 Third Quarter (April 1, 2016 - December 31, 2016)(1) Consolidated Financial Results(% : changes from the same period of the previous fiscal year)

Net sales

Operating profit%

Million yen

FY2017
Third Quarter
FY2016
Third Quarter

Profit attributable toowners of the parent

Ordinary profit%

Million yen%

Million yen%

Million yen

1,640,554(3.8)

89,402(14.7)

148,502(8.5)

107,431(37.8)

1,704,540

7.7

104,846

17.0

162,274

12.6

172,84470.1(Note) Comprehensive income: FY2017 Third Quarter ― 319,399 million yen [430.2 %](Note) Comprehensive income: FY2016 Third Quarter ― 60,242 million yen [(86.3 %)]FY2017
Third Quarter
FY2016
Third Quarter

Earnings
per share―basic

Earnings
per share―diluted

Yen

Yen

343.39-550.16550.09(2) Consolidated Financial Position
Total assets

Total net assets

Million yen

Equity ratio%

Million yen

FY2017
Third Quarter

4,501,696

2,377,806

50.9

FY2016

4,199,196

2,113,948

48.5(Note) Shareholders' equity: FY2017 Third Quarter ― 2,293,518 million yen, FY2016 ― 2,036,808 million yen

2. Cash Dividends
Annual cash dividends per share
2nd Quarter
3rd Quarter
4th Quarter

1st Quarter
Yen

Yen

Yen

FY2016

00.0-

60.00

00.0-

FY2017

00.0-

60.00

00.0-

FY2017(Forecast)

FY Total

Yen

Yen

60.00

120.0060.00

120.00(Note) Changes in the forecasted cash dividends in this quarter : No

3. Forecasts of Consolidated Financial Results for FY2017 (April 1, 2016 - March 31, 2017)(% : changes from the same period of the previous fiscal year)

Net sales

FY2017

Operating profit

Ordinary profit

Million yen%

Million yen%

Million yen%

2,200,000(1.9)

120,000(10.9)

173,000(6.7)(Note) Changes in the forecasts of consolidated financial results in this quarter : No

Profit attributable toowners of the parent
Million yen%

119,000(35.0)

Earnings
per share―basic
Yen

380.68

4. Others(1) Changes in major subsidiaries (specified subsidaries that changed the scope of consolidation) : No
(2) Application of special accounting methods for the preparation ofquarterly consolidated financial statements : No
(3) Changes in accounting policies, accounting estimates and restatement① Changes in accounting policies with revision of accounting standards : Yes② Changes other than ① : No
③ Changes in accounting estimates : No
④ Restatement : No
(Note)Please see page 3 on attached documents for details on(Note)”Changes in accounting policies, accounting estimates and restatement".
(4) Issued and outstanding capital stock① Number of shares outstanding at end of each period (including treasury stock):
FY2017 Third Quarter － 325,840,640 shares, FY2016 －325,840,640 shares② Number of treasury stock outstanding at end of each period:
FY2017 Third Quarter －15,350,566 shares, FY2016 －11,613,812 shares③ Average number of shares outstanding for each period (accumulated):
FY2017 Third Quarter －312,856,523 shares, FY2016 Third Quarter －314,169,532 shares* Progress of procedures for financial review of quarterly financial results
・ The quarterly financial statements are under procedures of financial review, at the time of disclosureof 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 not guarantees of future performance. Uncertainties could cause
the actual results of Toyota Industries to differ materially from any projections discussed in this report.
・ Our projections are based on assumed exchange rates of 105 yen to the U.S. dollar and 116 yen to the eurofor FY2017.
・ Please see page 3 on attached documents for details on performance forecasts in "Explanation
for Forecast for FY2017".

(Attached Documents)

Contents

1. Explanation for Quarterly Financial Results ･･･････････････････････････････････････････････2(1) Explanation for Business Results ････････････････････････････････････････････････････2(2) Explanation for Financial Condition ･･････････････････････････････････････････････････2(3) Explanation for Forecast for FY2017 ････････････････････････････････････････････････3
2. Matters concerning Summary Information (Note) ･････････････････････････････････････････3(1) Changes in accounting policies, accounting estimates and restatement ･･････････････3(2) Additional Information ･････････････････････････････････････････････････････････････3
3. Quarterly Consolidated Financial Statements ･････････････････････････････････････････････4(1) Quarterly Consolidated Balance Sheets ･････････････････････････････････････････････4(2) Quarterly Consolidated Statements of Income and(3) Quarterly Consolidated Statements of Comprehensive Income ･･･････････････････････6(3) Note on Quarterly Consolidated Financial Statements ････････････････････････････････8(Note on Premise of Going Concern) ･･･････････････････････････････････････････････8(Note on Significant Changes in the Amount of Shareholders' Equity) ････････････････8(Segment Information) ･･････････････････････････････････････････････････････････････8― 1 ―1. Explanation for Quarterly Financial Results(1) Explanation for Business Results
During the third quarter of fiscal 2017 (the nine months from April 1 to December 31, 2016), total
consolidated net sales of Toyota Industries amounted to 1,640.5 billion yen, a decrease of 64.0 billion
yen, or 4%, from the same period of the previous fiscal year. The following is a review of operations forthe major business segments.
Net sales of the Automobile Segment totaled 815.3 billion yen, an increase of 37.6 billion yen, or 5%,
from the same period of the previous fiscal year.
Within this segment, net sales of the Vehicle Business amounted to 396.7 billion yen, an increase of
44.2 billion yen, or 13%. This is attributable primarily to having started producing the hybrid version of
the RAV4 despite a decline in sales of the Vitz (Yaris overseas).
Net sales of the Engine Business totaled 123.8 billion yen, an increase of 3.1 billion yen, or 3%. Despite
an increase in sales of GD diesel engines, sales of KD diesel engines decreased.
Net sales of the Car Air-Conditioning Compressor Business totaled 248.1 billion yen, a decrease of 9.1
billion yen, or 4%. The decrease was attributable mainly to the impact of exchange rate fluctuations
despite an increase in unit sales mainly in European, Japanese, Chinese, North American and othermarkets.
Net sales of the Electronics Parts, Foundry and Others Business totaled 46.6 billion yen, a decrease of
0.6 billion yen, or 1%, due to increase in sales of electronics parts despite a decrease in sales of foundryparts.
Net sales of the Materials Handling Equipment Segment totaled 732.1 billion yen, a decrease of 58.8
billion yen, or 7%. The decrease was attributable mainly to the impact of exchange rate fluctuations
although unit sales of lift trucks, a mainstay product of this segment, increased primarily in Europe.
Net sales of the Textile Machinery Segment totaled 49.7 billion yen, on par with the same period of
the previous fiscal year, sales of Air jet Loom increased while those of weaving machinery recorded a
decrease.
Net sales of the Others Segment totaled 43.4 billion yen, a decrease of 42.6 billion yen, or 50%, due
mainly to sales of all shares of Asahi Securities Co., Ltd. and Wanbishi Archives Co., Ltd. which wereconsolidated subsidiaries, in December, 2015.
In terms of overall profit, despite increases in promoting cost reduction efforts throughout the Toyota
Industries Group, decreases in depreciation costs and positive sales mix, Toyota Industries recorded a
decrease in profit due mainly to the impact of exchange rate fluctuations and an increase in labor costs.
As a result, Toyota Industries posted consolidated operating profit of 89.4 billion yen, a decrease of 15.4
billion yen, or 15%, from the same period of the previous fiscal year and ordinary profit of 148.5billion
yen, a decrease of 13.7 billion yen, or 8%, from the same period of the previous fiscal year. Profit
attributable to owners of the parent totaled 107.4 billion yen, a decrease of 65.4 billion yen, or 38%, fromthe same period of the previous fiscal year.

(2) Explanation for Financial Condition
Total assets increased 302.5 billion yen from the end of the previous fiscal year to 4,501.6 billion yen
due mainly to an increase in market value of investment securities. Liabilities amounted to 2,123.8 billion
yen, an increase of 38.6 billion yen from the end of the previous fiscal year due mainly to an increase indeferred tax liabilities. Net assets amounted to 2,377.8 billion yen, an increase of 263.9 billion yen fromthe end of the previous fiscal year.

― 2 ―(3) Explanation for Forecast for FY 2017

Toyota Industries forecasts consolidated net sales of 2,200.0 billion yen, operating profit of 120.0
billion yen, ordinary profit of 173.0 billion yen, profit attributable to owners of the parent of 119.0 billion
yen. Our projections are based on assumed exchange rates of 105 yen to the U.S dollar and 116 yen to
the euro for fiscal 2017.

2. Matters concerning Summary Information (Note)(1) Changes in accounting policies, accounting estimates and restatement(Changes in accounting policies with revision of accounting standards)
In accordance with the revision of the Corporation Tax Act, effective from the first quarter of fiscal
2017 a part of consolidated subsidiaries in Japan adopted the Practical Solution on a Change inDepreciation Method due to Tax Reform 2016 (Practical Issue Task Force No. 32, June 17, 2016).
Accordingly, Toyota Industries has changed the depreciation method for facilities attached to buildings
and structures acquired on or after April 1, 2016 from the declining-balance method to the straight-line
method.
(2) Additional information(Changes in presentation)
Until the previous fiscal year, regarding profits and expenses arising from the sales financing businessfor materials handling equipment, profits had been included in “Interest income” under “Non-operating
profit” while expenses had been included in “Interest expenses” under “Non-operating expenses.”
Starting from the first quarter of fiscal 2017, “Interest income” is included in “Net sales” while “Interest
expenses” is included in “Cost of sales.
“Lease investment assets” and “Long-term loans receivable” related to the sales financing businessfor materials handling equipment had been classified as “Fixed assets.” Starting from the first quarter offiscal 2017, Toyota Industries has changed the classification to “Current assets” in accordance with thenormal operating cycle rule.
(Revised Implementation Guidance on Recoverability of Deferred Tax Assets)
Toyota Industries adopted “Revised Implementation Guidance on Recoverability of Deferred Tax
Assets” (Accounting Standards Board of Japan Guidance No.26, March 28, 2016) from the first quarterof fiscal 2017.

― 3 ―3. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Million yen)
FY2016FY2017 Third Quarter(As of March 31, 2016)(As of December 31, 2016)

AssetsCurrent assets:
Cash and deposits

352,302305,842

Trade notes and accounts receivable
Lease investment assets

280,807
235,598

266,894
245,658

Short-term investments

10,871

1,024

Merchandise and finished goods
Work in process

92,29841,86893,586
46,707

Raw materials and supplies

63,03562,940

Deferred tax assets
Other current assets
Allowance for doubtful accounts

25,185
159,054(3,796)

16,603
189,088(4,088)1,257,226

1,224,258

160,048

159,247

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

451,334
27,449466,467
26,375Land
Construction in progress

119,897
22,521

122,115
23,723

781,251

797,929

76,98093,234
170,21473,08491,545
164,630

1,945,123
14,1098,215
24,458(1,403)
1,990,504
2,941,970
4,199,196

2,271,817
13,8408,166
22,666(1,613)2,314,877
3,277,437
4,501,696

Total current assets
Fixed assets:
Property, plant and equipment
Buildings and structures, net

Total property, plant and equipment
Intangible assets:
Goodwill
Other intangible assets
Total intangible assets
Investments and other assets:
Investment securities
Deferred tax assets
Net defined benefit assets
Other investments and other assets
Allowance for doubtful accounts
Total investments and other assets
Total fixed assets
Total assets― 4 ―(Million yen)
FY2016FY2017 Third Quarter(As of March 31, 2016)(As of December 31, 2016)

Liabilities
Current liabilities:
Trade notes and accounts payable

214,162

206,052

Short-term loans payable

170,844

215,833

Commercial paper
Current portion of bonds

19,99949,392
10,000

Lease obligations

41,411

37,615

Accounts payable-otherAccrued income taxes

25,75447,473

22,331
10,335

Deferred tax liabilities

149

187

Allowance for bonuses to directors

644

359

Other current obligations
Total current liabilities
Long-term liabilities:

153,195
673,636

154,956
707,065

Bonds payable
Long-term loans payable

191,555
508,593

201,555
428,053

Lease obligations
Deferred tax liabilities

98,771500,077

77,565596,610Net defined benefit liabilities
Other long-term liabilities

90,92021,692

92,14020,897

Total long-term liabilities
Total liabilities
Total Net Assets

1,411,611
2,085,248

1,416,823
2,123,889

80,462
105,562
789,502(41,266)
934,260

80,462
105,557
859,324(59,267)
986,077

1,105,544
360
22,813(26,169)
1,102,547
6
77,133
2,113,948
4,199,196

1,313,816(324)
17,973(24,023)
1,307,441
84,2882,377,806
4,501,696

Shareholders' equity:
Common stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Accumulated other comprehensive income:
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Defined benefit plan adjustments
Total accumulated other comprehensive income
Subscription rights to shares
Non-controlling interests
Total net assets
Total liabilities and net assets― 5 ―(2) Quarterly Consolidated Statements of Income and(2) Quarterly Consolidated Statements of Comprehensive Income(2) Quarterly Consolidated Statements of Income(Million yen)
FY2016 Third Quarter(April 1, 2015 December 31, 2015)

FY2017 Third Quarter(April 1, 2016 December 31, 2016)

Net sales

1,704,540

1,640,554

Cost of sales

1,377,028

1,338,049

Gross profit

327,512302,504

Selling, general and administrative expenses
Operating profit

222,665
104,846

213,10289,402

Dividends income
Other non-operating profit

65,142
8,669

62,04910,814

Total non-operating profit

73,811

72,864

Interest expenses
Other non-operating expenses

8,148
8,235

6,359
7,404

Total non-operating expenses

16,383

13,763

Ordinary profit
Extraordinary profit:

162,274

148,502

Gain on sales of shares of subsidiaries
Total extraordinary profit
Profit before income taxes

89,81989,819252,094

148,502

Income taxes-current
Income taxes-deferred

72,3201,013

21,812
12,562

Total income taxes
Profit

73,333
178,760

34,375
114,127

Profit attributable to non-controlling interests
Profit attributable to owners of the parent

5,915
172,844

6,695
107,431

Non-operating profit:

Non-operating expenses:― 6 ―Quarterly Consolidated Statements of Comprehensive Income(Million yen)
FY2016 Third Quarter(April 1, 2015 December 31, 2015)

FY2017 Third Quarter(April 1, 2016 December 31, 2016)

Profit178,760

114,127

Other comprehensive income:
Valuation difference on available-for-sale securities(111,967)

208,512

354

(684)

(7,004)597(4,434)
2,222

(497)

(342)

(118,517)

205,272

Comprehensive Income

60,242

319,399

Profit attributable to:
Owners of the parent

55,515

312,325

4,727

7,073

Deferred gains or losses on hedges
Foreign currency translation adjustment
Defined benefit plan adjustments
Share of other comprehensive income ofassociates accounted for using equity method
Total other comprehensive income

Non-controlling interests― 7 ―(3) Note on Quarterly Consolidated Financial Statements(Note on Premise of Going Concern) : No
(Note on Significant Changes in the Amount of Shareholders’ Equity)
During the Third quarter of fiscal 2017 (the nine months from April 1 to December 31, 2016),
Toyota Industries paid dividends of 37,609 million yen from retained earnings.
(Segment Information)
FY2016 Third Quarter (April 1, 2015 - December 31, 2015)(Million yen)

Automobile

Materials
handling
equipment

Textilemachinery

Outside customer sales

777,759

790,970

49,76786,042

1,704,540-

Inter-segment transactions

18,552

2,111

169

17,53538,368(38,368)-

Total

796,311

793,082

49,937

103,578

1,742,908(38,368)

1,704,540

Segment profit

22,83870,306

3,567

7,554

104,265580

104,846

OthersTotal

Eliminations Consolidated

Net sales
1,704,540(Notes) 1. "Others" is business segment not included in reportable segments.
2. Segment profit of 580 million yen is inter-segment eliminations.
3. Segment profit is adjusted to operating profit of Quarterly Consolidated Statements of Income.

FY2017 Third Quarter (April 1, 2016 - December 31, 2016)(Million yen)

Automobile

Materials
handling
equipment

Textilemachinery

Outside customer sales

815,316

732,125

49,70743,404

1,640,554-

Inter-segment transactions

17,968901

159

16,36135,391(35,391)-

Total

833,285733,027

49,866

59,765

1,675,945(35,391)

1,640,554

Segment profit

18,75860,985

4,301

5,278

89,32378

89,402OthersTotal

Eliminations Consolidated

Net sales
1,640,554(Notes) 1. "Others" is business segment not included in reportable segments.
2. Segment profit of 78 million yen is inter-segment eliminations.
3. Segment profit is adjusted to operating profit of Quarterly Consolidated Statements of Income.
4. Starting from the Third quarter of fiscal 2017, Toyota Industries has reclassified the reporting segment
previously presented as the Logistics Segment because of its immateriality and included its results ineither the Materials Handling Equipment Segment or the Others Segment.
The segment information for the first quarter of the previous fiscal year is presented after the reclassification― 8 ―