FINANCIAL SUMMARYFY2011First Quarter(April 1, 2010 through June 30, 2010)

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.

July 30, 2010

FY2011 First Quarter Consolidated Financial Results <under Japanese GAAP>(April 1, 2010 - June 30, 2010)

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 submission of the quarterly report: August 6, 2010
(Amounts less than one million yen are omitted)

1. Financial Highlights for FY2011 First Quarter (April 1, 2010 - June 30, 2010)(1) Consolidated Financial Results(% : change from the same period of previous year)

Net sales

Operating income%

Million yen

FY2011First Quarter
FY2010First Quarter

FY2011First Quarter
FY2010First Quarter

Ordinary income%

Million yen

Net income%

Million yen%

Million yen

359,19424.4

16,012-

19,270-12,964-

288,781(38.4)(9,587)-(2,118)

-

(114)

-

Net income
per share―basic

Net income
per share―diluted

Yen

Yen

41.61

----

(0.37)----(2) Consolidated Financial Position
Total assets

Total net assets

Million yen

Equity ratio

Net assets per share%

Million yen

Yen

FY2011First Quarter

2,378,087

0984,610

39.4

3,008.52

FY20102,589,246

1,104,929

40.8

3,390.02(Note) Shareholders' equity: FY2011 First Quarter ― 937,365 million yen, FY2010 ― 1,056,230 million yen
2. Cash Dividends
Annual cash dividends per share
Second quarter
Third quarter
Fiscal year-end

First quarter
Yen

FY201000.0-

FY201100.0-

Yen

FY2011(Forecast)

Yen

Yen

Yen

10.00

00.0-

20.00

30.00

15.00

00.0-

15.00

30.00

(Note) Changes in the forecasted cash dividends in this quarter : No
3. Forecasts of Consolidated Financial Results for FY2011 (April 1, 2010 - March 31, 2011)(% : change from the same period of previous year)

Net sales%

Million yen

0,740,000

17.9

30,0001,450,000

5.2

55,000Million yen

FY2011 Second
Quarter (accm)

FY2011

Operating income%

Ordinary income

Net income
per share―basic

Net income

Million yen%

Million yen-

32,000650.2

19,000

-

60.98

150.0

60,00088.9

33,000-105.92(Note) Changes in the forecasts of consolidated financial results in this quarter : Yes%

Yen4. Others (Please see page 3 "2.Others" on attached documents for details.)(1) Changes in major subsidiaries (specified subsidiaries that changed company's consolidationin this quarter) : No
(2) Application of simplified accounting methods and special accounting methods
for the preparation of quarterly consolidated financial statements : Yes(3) Changes in accounting principles, procedures and method of presentation of quarterly consolidated
financial statements (changes made in significant items that form the basis of preparation of quarterly
consolidated financial statements)① Changes arising from revision of accounting policies : Yes② Changes other than ① : No
(4) Issued and outstanding capital stock① Number of shares outstanding at end of each period (including treasury stock):
FY2011 First Quarter －325,840,640 shares, FY2010 －325,840,640 shares② Number of treasury stock outstanding at end of each period:
FY2011 First Quarter －14,270,536 shares, FY2010 －14,269,943 shares③ Average number of shares outstanding for each period:
FY2011 First Quarter －311,570,179 shares, FY2010 First Quarter －311,575,869 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. Certain risks and 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 ¥90 = US$1 and ¥110 = €1 for the remainderof the fiscal year.
・ Please see page 2 on attached documents for details on performance forecasts in "3. Qualitative
information regarding forecast for FY2011" and "Notice concerning Revision of Financial
Forecasts for FY2011", announced on July 30, 2010.

(Attached Documents)

Contents

1.Qualitative Information and Financial Statements(1) Qualitative information regarding consolidated business results(2) Qualitative information regarding consolidated financial condition(3) Qualitative information regarding forecast for FY2011
2.Others(1) Changes in major subsidiaries(2) Application of simplified accounting methods and special accounting
methods for the preparation of quarterly consolidated financial statements(3) Changes in the accounting principles, procedures and method of presentationof quarterly consolidated financial statements
3. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(2) Quarterly Consolidated Statements of Income(3) Note on premise of going concern(4) Note on significant changes in the amount of shareholders' equity(5) Segment information

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1. Qualitative Information and Financial Statements(1) Qualitative information regarding consolidated business results
During the first quarter of FY2011 (the three months from April 1 to June 30, 2010), the global
economy began to recover gradually, as certain Asian countries, especially China and India, witnessed
an economic recovery and economies in the United States, Europe and other countries appear to havebottomed out owing to the effects of economic stimulus measures. Although the employment situation
remained in grave condition, the Japanese economy also showed signs of an upturn amid corporate
performance improvement, due to such factors as the stabilization of private-sector capital investment
and steady revival in consumer spending. In this operating environment, total consolidated net sales ofToyota Industries amounted to 359.1 billion yen, an increase of 70.4 billion yen, or 24%, from the same
period of the previous fiscal year. The following is a review of operations for the major businesssegments.
Net sales of the Automobile Segment totaled 201.7 billion yen, an increase of 54.8 billion yen, or 37%,
from the same period of the previous fiscal year. Within this segment, net sales of the Vehicle Businessamounted to 94.6 billion yen, an increase of 20.5 billion yen, or 28%, due mainly to an increase in salesof the Vitz (Yaris overseas), although sales of the RAV4 and Mark X ZiO remained on par with the same
period of the previous fiscal year.
Net sales of the Engine Business totaled 47.8 billion yen, an increase of 18.7 billion yen, or 64%,
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 49.0 billion yen, an increase of
12.3 billion yen, or 33%, resulting from higher sales in Japan and overseas.
Net sales of the Materials Handling Equipment Segment totaled 113.7 billion yen, an increase of 10.2
billion yen, or 10%. This is mainly owing to an upturn in sales of lift trucks, a mainstay product of thissegment, in domestic and overseas markets.
Net sales of the Logistics Segment amounted to 27.2 billion yen, an increase of 0.5 billion yen, or 2%,
attributable to an increase in sales of the cargo transport business of automotive related parts.
Net sales of the Textile Machinery Segment totaled 7.5 billion yen, an increase of 5.2 billion yen, or219%, owing mainly to an increase in sales of air-jet looms to China.
In terms of overall profit, despite the decrease in the net amount of non-operating income andexpenses, increase in labor cost and rising prices of raw materials, Toyota Industries posted
consolidated operating income of 16.0 billion yen compared with an operating loss of 9.5 billion yen in
the first quarter of the previous fiscal year; ordinary income of 19.2 billion yen compared with an ordinary
loss of 2.1 billion yen; and net income of 12.9 billion yen compared with a net loss of 0.1 billion yen. It
resulted from an increase in sales and keeping streamlined structure of the company.
(2) Qualitative information regarding consolidated financial condition
Total assets decreased 211.2 billion yen from the end of the previous fiscal year to 2,378.0 billion yen,
due mainly to a decrease in market value of investment securities. Net assets amounted to 984.6 billion
yen, a decrease of 120.3 billion yen from the end of the previous fiscal year.
(3) Qualitative information regarding forecast for FY2011
Although we expect the global economy to continue on a gradual recovery path, uncertainties remain
with regard to persistent concerns over further deterioration in the financial and employment situations,the termination of tax cuts or incentives, rising prices of raw materials such as iron and crude oil,exchange rate and stock market fluctuations and outlook of U.S. economy. As a result, Toyota Industries
anticipates the operating environment to remain harsh.
Due to results of first quarter, an expected increase in unit sales in the Material Handling Equipment- 2 -Segment and further cost reduction activities, Toyota Industries has revised its forecasts of consolidated
financial results for FY2011 to consolidated net sales of 1,450.0 billion yen, operating income of 55.0
billion yen, ordinary income of 60.0 billion yen and net income of 33.0 billion yen. Our projections are
based on assumed exchange rates of ¥90 = US$1 and ¥110 = €1 for the remainder of the fiscal year.

2. Others(1) Changes in major subsidiaries: No(2) Application of simplified accounting methods and special accounting methods for the preparationof quarterly consolidated financial statements① Inventory valuation
In calculating inventories as of the end of the first quarter of the fiscal year under review,actual calculation of inventories has been omitted, being replaced with a determination of
inventory using a rational calculation method based on actual inventory at the end of theprevious fiscal year.
Furthermore, reductions in the book value of inventories have only been made in cases
where there have been clear reductions in potential earnings. In such cases, the book value
has been written down on an estimated net basis.
② Calculation of fixed asset depreciation
Depreciation expenses for fixed assets depreciated by the declining-balance method havebeen calculated by allocating depreciation expenses related to the fiscal year under review by
their remaining terms.
③ Calculation of income taxes, deferred tax assets and deferred tax liabilities
The inclusion of additions and subtractions and tax deduction items in the calculation ofincome tax payments has been limited to significant items.
When there has been no marked change in the business environment or temporary
fluctuations since the end of the previous fiscal year, the potential recovery of deferred tax
assets is determined based on the business performance forecasts of the previous fiscal year
and tax planning methods.
(3) Changes in the accounting principles, procedures and method of presentation of quarterly
consolidated financial statements① 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.
② 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 “Accounting Standard forConsolidated Financial Statements” issued on December 26, 2008 by the AccountingStandards Board of Japan. Accordingly, Toyota Industries includes “Income before Minority
Interests” in the financial statements for the first quarter of the fiscal year under review.

- 3 -3. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Million yen)
FY2011 First Quarter(As of June 30, 2010)

FY2010(As of March 31, 2010)

AssetsCurrent assets
Cash and deposits

267,362

287,965

Trade notes and accounts receivable

153,997

163,708

Short-term investment securities

119,901

71,391

Merchandise and finished goods

34,77837,358Work in process

26,32425,672

Raw materials and supplies

24,922

25,318Deferred tax assets

20,705

17,182Other current assets

40,84447,307

Allowance for doubtful accounts(2,954)(3,103)685,883

672,801

Buildings and structures, net

166,477

169,991

Machinery, equipment and vehicles, net

195,749

212,079

Tools, furniture and fixtures, net

21,60921,840Land

119,173

119,517

8,766

8,547

511,775

531,977

Goodwill

69,492

72,745

Software

9,718

9,976

Total intangible assets

79,21082,722974,813

1,162,685

Long-term loans receivable

5,446

5,554

Deferred tax assets

9,241

10,429111,913

123,278

(197)

(202)

1,101,217

1,301,744

1,692,204

1,916,444

2,378,087

2,589,246

Total current assets
Fixed assets
Property, plant and equipment

Construction in progress
Total property, plant and equipment
Intangible assets

Investments and other assets
Investment securities

Other investments and other assets
Allowance for doubtful accounts
Total investments and other assets
Total fixed assets
Total assets- 4 -(Million yen)
FY2011 First Quarter(As of June 30, 2010)
Liabilities
Current liabilities
Trade notes and accounts payable
Short-term loans payable
Commercial paper
Current portion of bonds
Accounts payable-other
Income taxes payable
Deferred tax liabilities
Provision for directors' bonuses
Other current liabilities
Total current liabilities
Long-term liabilities
Bonds payable
Long-term loans payable
Lease obligations
Deferred tax liabilities
Provision for retirement benefits
Other long-term liabilities
Total long-term liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Valuation and translation adjustments
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Total valuation and translation adjustments
Subscription rights to shares
Minority interests
Total net assets
Total liabilities and net assets- 5 -FY2010(As of March 31, 2010)

138,452
50,793
12,21149,933
11,466
11,597272
130
178,532
453,390

141,787
46,241
9,575
50,44613,14915,014316
310
158,100
434,941

236,757
285,665
83,032
275,670
44,39814,562940,086
1,393,477

231,401
299,208
108,014351,00945,234
14,507
1,049,375
1,484,316

80,462
106,179
385,380(50,690)
521,332

80,462
106,179
378,648(50,689)
514,601

431,26521(15,253)
416,033
1,847
45,396984,610
2,378,087

544,068(9)(2,430)541,628
1,720
46,978
1,104,929
2,589,246

(2) Quarterly Consolidated Statements of Income

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income (loss)
Non-operating income
Interest income
Dividends income
Other non-operating income
Total non-operating income
Non-operating expenses
Interest expenses
Other non-operating expenses
Total non-operating expenses
Ordinary income (loss)
Income (Loss) before income taxes andminority interests
Income taxes-current
Income taxes-deferred
Total income taxes
Income before minority interests
Minority interests in income (loss)
Net income (loss)- 6 -(Million yen)
FY2010 First Quarter FY2011 First Quarter(April 1, 2009 (April 1, 2010 June 30, 2009)
June 30, 2010)
288,781359,194258,798
303,956
29,982
55,237
39,57039,225(9,587)
16,012
2,783
9,085
2,330
14,199

2,399
7,479
1,198
11,076

4,653
2,077
6,730
(2,118)

4,217
3,601
7,819
19,270(2,118)19,270686(2,593)(1,907)
－
(96)
(114)

9,631
(3,212)
6,418
12,851(112)
12,964

(3) Note on premise of going concern : No
(4) Note on significant changes in the amount of shareholders’ equity
During the first quarter of FY2011 (the three months from April 1 to June 30, 2010), Toyota Industries Corporation paid dividends
of 6,231million yen from retained earnings.
(5) Segment Information
FY2010 First Quarter (April 1, 2009 - June 30, 2009)(Million yen)

Automobile

Materials
handling
equipment

146,985

103,531

Logistics

Textilemachinery

OthersTotal

Eliminations

Consolidated

288,781-

288,781Net sales(1) Outside customer sales(2) Inter-segment transactions

Total
Operating income (loss)

26,722

2,363

9,179

2,175

198

1,188

17

2,918

6,498

(6,498)-149,160

103,729

27,9102,380

12,098295,279(6,498)288,781(4,941)(5,159)

684

(904)

575

(9,744)157(9,587)FY2011 First Quarter (April 1, 2010 - June 30, 2010)(Million yen)

Automobile

Materials
handling
equipment

201,719

113,795

Logistics

Textilemachinery

OthersTotal

Eliminations

Consolidated

359,194-359,194

Net sales(1) Outside customer sales(2) Inter-segment transactions

Total
Segment income

27,211

7,543

8,924

4,753

216

1,399

0

1,976

8,346

(8,346)-

206,472

114,01128,611

7,543

10,901

367,540(8,346)359,194

9,227

4,349

1,224

220

858

15,880131

16,012(Notes) 1. Products and Services of each reportable segment :Automobile ……………………… Passenger vehicles, diesel and gasoline engines, car air-conditioning compressors,
foundry parts, electronics components
Materials handling equipment … Counterbalanced lift trucks, warehouse trucks, automated storage and retrieval systems,
truck mount aerial work platforms
Logistics …………………………
Transportation services, logistics planning, operation of distribution centers, collection and delivery ofcash and management of sales proceeds,
secure storage, management, collection and delivery of corporate documents
Textile machinery ………………
Others …………………………… Air-jet looms, water-jet looms, ring spinning frames
Semiconductor package substrates

2. Segment income of 131 million yen is inter-segment elimination.
3. Segment income is adjusted to operating income of Quaterly Consolidated Statements of Income.
(Additional Information)
Effective from the fiscal year beginning April 1, 2010, Toyota Industries applied Financial Accounting Standard No. 17 “Revised
Accounting Standard for Disclosures about Segments of an Enterprise and Related Information”, issued on March 27, 2009 and its
Implementation Guidance No. 20 “Guidance on Accounting Standard for Disclosures about Segments of an Enterprise and RelatedInformation”, issued on March 21, 2008 by the Accounting Standards Board of Japan.

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