FINANCIAL SUMMARY
FY2009(April 1, 2008 through March 31, 2009)

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.

April 28, 2009

FY2009 Consolidated Financial Results
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, Managing Officer, General Manager of Accounting Department (Tel. +81-(0)566-22-2511)
The expected date of the Ordinary General Meeting of Shareholders: June 19, 2009
The expected date of dividend payment: June 22, 2009
(Amounts less than one million yen are omitted)

1. Financial Highlights for FY2009 (April 1, 2008 - March 31, 2009)(% : change from the same period of previous year)(1) Consolidated financial results
Net sales

Operating income%

Million yen

1,584,252
2,000,536

FY2009FY2008Net income per share― basic%

Million yen(6,621)
96,853(20.8)
6.5

Ordinary income

Net income per share― diluted%

Million yen

7.7

Net income

14,343
126,488

Yen
Yen%(105.16)(105.16)(2.8)
FY20095.1
257.50257.43
FY2008(Notes) Equity in net income of affiliates: FY2009 ― (3,130) million yen, FY2008 ― 2,749 million yen

35.3

Operating incomeon salesOrdinary incomeon assets

Return on equity%

Million yen(32,767)
80,460(88.7)
16.6

%

%

0.5
3.9

(0.4)
4.8

(2) Consolidated financial position
Total assets

Total net assets

Million yen

Equity ratio

Net assets per share%

Million yen

Yen

40.0
47.1

2,987.16
4,483.32

Cash flows fromfinancing activities

Cash and cash equivalents
at the end of year

2,327,432
0977,670
FY20092,965,585
1,453,996
FY2008(Note) Equity capital: FY2009 ― 930,730 million yen, FY2008 ― 1,396,955 million yen(3) Consolidated cash flows
Cash flows fromoperating activities

Cash flows frominvesting activities

Million yen

Million yen

65,768
188,805

FY2009FY2008Million yen(114,217)(138,789)

Million yen

188,011
121,284

120,971(33,992)

2. Cash dividends
Total amountof annual
cash dividends

Annual cash dividends per share

FY2008FY2009FY2010(Forecast)

1st Quarter

2nd Quarter

3rd Quarter

Yen

Yen

Yen

Year-end
Yen

Yen

-

28.00
30.00

-

32.00
10.00

60.00
40.00

-

-

-

-

-

Dividend
payout ratio%

Million yen

18,721
12,463

23.3-

Total amountof dividends
on net assets
%
1.2
1.1

-

(Note) Forecast of cash dividends per share for fiscal 2010 has not been decided yet.

3. Forecasts of Consolidated Financial Results for FY2010 (April 1, 2009 - March 31, 2010)(% : change from the same period of previous year)

Net sales
FY2010
2nd Quarter(accm)

FY2010Net income per share― basic

Net income

Ordinary income

Operating income

Million yen%

Million yen%

Million yen%

Million yen%

620,000(33.2)(15,000)-(21,000)-(16,000)-(51.35)1,300,000(17.9)(10,000)-(20,000)-(16,000)-(51.35)

- 1 -

Yen

4.Others(1)Changes in significant subsidiaries : None
(2) Changes in standards, procedures and presentations regarding presentation of consolidated financial statements(changes made in significant items that form the basis of preparation of consolidated financial statements)① Changes arising from revision of accounting policies : Yes② Changes other than ① : None
(Note) Please see page 13 for details on changes in accounting policies in "Basis of Presenting Consolidated Financial Statements".
(3) Issued and outstanding capital stock① Number of shares outstanding at end of each year: FY2009 － 325,840,640 shares, FY2008 － 325,840,640 shares② Number of treasury stock outstanding at end of each year: FY2009 － 14,263,027 shares, FY2008 － 14,251,070 shares(Note) Average number of shares outstanding for each period: FY2009 － 311,584,015 shares, FY2008 －312,467,917 shares(Reference) Overview of Non-consolidated Financial Results for FY2009
1. Financial Highlights for FY2009 (April 1, 2008 - March 31, 2009)(% : change from the same period of previous year)(1) Non-consolidated financial results
Net sales

Operating income%

Million yen

FY2009FY2008940,008
1,217,526(22.8)
7.2%(9,780)50,358Net income per share― basic

28.2

Net income%

Million yen

20,38776,857%

Million yen(73.5)
32.5(2,705)56,70340.9

Net income per share― diluted

Yen

Yen

0(8.68)181.47

FY2009FY2008

Ordinary income

Million yen

0(8.68)181.42(2) Non-consolidated financial position
Total assets

Total net assets

Million yen

Equity ratio

Net assets per share%

Million yen

Yen

1,810,296
0888,826
49.0
FY20092,403,584
1,269,962
52.8
FY2008(Reference) equity capital: FY2009 ― 887,601 million yen, FY2008 ― 1,269,266 million yen

2,848.73
4,073.52

2. Forecasts of Non-consolidated Financial Results for FY2010 (April 1, 2009 - March 31, 2010)(% : change from the same period of previous year)

Net sales
FY2010
2nd Quarter(accm)

FY2010Operating income

Ordinary income

Net income per share― basic

Net income

Million yen%

Million yen%

Million yen%

Million yen%

370,000(34.1)(10,000)-(15,000)-(9,000)-(28.89)800,000(14.9)(5,000)-(15,000)-(9,000)-(28.89)Yen* Explanation regarding the proper use of performance forecasts and other special items(Performance forecast）
・All projections are based on the information available to management at the time of producing 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.
・Toyota Industries abstains from making forecasts for dividends income at this point since the outlook for fiscal 2010 remains uncertain.
・Our projections are based on assumed exchange rates of ¥95.0 = US$1 and ¥125.0 = €1.
(Forecast of Cash dividends paying）
・Toyota Industries’ dividend policy is to meet the expectations of shareholders while giving full consideration to business performance and・funding requirement, and forcusing on dividend payout ratio on a consolidated basis and other factors.
・However, Toyota Industries abtains from making forecasts for dividends at this point since the outlook for the management environment
・remains uncertain. By giving due consideration to future business performance and other factors, Toyota Industries plans to announce
・its intentions by the end of the second quarter of fiscal 2010.
- 2 -[Qualitative Information and Financial Statements]
1. Business Results(1) Analysis on Consolidated Business Results
In fiscal 2009 (ended March 31, 2009), global economic conditions became dramatically severe. The
deterioration of the real economy that arose from the financial crisis spread not only to the United Statesand Europe but also to emerging countries. Concurrently, the Japanese economy rapidly declined asexports, production and private-sector capital investment sharply decreased, accompanied by theescalation of the severity of the employment situation.
In this operating environment, Toyota Industries undertook efforts to strengthen its management
platform by ensuring customer trust through its dedication to quality, developing attractive new products,
engaging in aggressive sales promotions and implementing Group-wide cost-reduction activities. Toyota
Industries also systematically, quickly and thoroughly proceeded with earnings recovery activities inorder to respond to the sharp decline in net sales since autumn 2008. However, such efforts were unable
to counteract the extremely fast pace of market contractions. As a result, total consolidated net sales
amounted to 1,584.2 billion yen, a decrease of 416.3 billion yen, or 21%, from fiscal 2008 (ended March
31, 2008). The following is a review of operations for the major business segments.
In fiscal 2009, the automobile industry saw the market rapidly contract in developed nations and aslowdown in market growth in emerging countries, in which expansion was expected. Amid thisenvironment, net sales of the Automobile Segment totaled 755.9 billion yen, a decrease of 213.3 billion
yen, or 22%, from fiscal 2008.
Within this segment, net sales of the Vehicle Business totaled 378.1 billion yen, a decrease of 122.0
billion yen, or 24%, due mainly to decreases in unit sales of the Vitz (Yaris overseas), RAV4 and Mark X
ZiO.
Net sales of the Engine Business totaled 156.6 billion yen, a decrease of 22.1 billion yen, or 12%, as aresult of a decline in unit sales of AD diesel engines installed in the RAV4 and other cars.
Net sales of the Car Air-Conditioning Compressor Business totaled 186.3 billion yen, a decrease of 67.2
billion yen, or 26%, due to significant decreases in production volume by automakers in North America,
Europe and Japan.
In the materials handling equipment industry as a whole, the market experienced a downturnworldwide. Particularly since October 2008, unit sales dramatically decreased on an unprecedented
level both in Japan and overseas. Amid this backdrop, net sales of the Materials Handling Equipment
Segment totaled 639.6 billion yen, a decrease of 143.5 billion yen, or 18%, from fiscal 2008. Although
Toyota Industries aggressively engaged in global sales promotion activities for lift trucks, a mainstay
product of this segment, unit sales decreased for both TOYOTA- and BT-brand products. A decline inunit sales of aerial work platforms and the negative impact of exchange rate fluctuations were also key
factors.
The overall operating environment remained severe in the logistics industry as the volume of cargotransport continued to decline in the Japanese market. In this environment, net sales of the Logistics
Segment totaled 114.8 billion yen, a decrease of 2.7 billion yen, or 2%. Despite the strong performanceby businesses engaged in collection and delivery of cash and management of sales proceeds services
as well as secure storage, management, collection and delivery of corporate documents services, thiswas offset by a decline in sales of the cargo transport business of automotive-related parts.
In the textile machinery industry as a whole, the primary markets of China and India rapidly
deteriorated resulting from an economic downturn in the United States and Europe. In such an economic
climate, net sales of the Textile Machinery Segment totaled 29.5 billion yen, a decrease of 36.7 billion
yen, or 55%, owing mainly to a significant decrease in unit sales of air-jet looms sold to China.

- 3 -In terms of overall profit, Toyota Industries undertook vigorous cost reduction activities of parts
purchase prices and working processing expenses as well as productivity improvement. In addition,
Toyota Industries organized the Emergency Profit Improvement Committee in December 2008 to
thoroughly reduce costs. However, significantly lower sales in Japan and overseas, rises in raw
materials and parts prices and the negative impact of exchange rate fluctuations led to an operating lossof 6.6 billion yen, a decrease of 103.4 billion yen. Ordinary income amounted to 14.3 billion yen, adecrease of 112.1 billion yen, or 89%. Toyota Industries recorded extraordinary losses arising fromlosses on impairment of property, plant and equipment due to a decrease in production volume as well
as from losses of discontinuing production of designated electronics parts. These factors led to a net
loss of 32.7 billion yen, a decrease of 113.1 billion yen.
For the foreseeable future, the business environment surrounding the Toyota Industries Group is
expected to become even more challenging, with concerns over a protracted global economic downturnas well as the directions of exchange rates and stock markets.
In order to improve profitability in such an environment, the Toyota Industries Group will make aconcerted effort to quickly and thoroughly promote reforms in the business and cost structures, as well
as rebuild our management platform into a more muscular and strong one. Specifically, Toyota
Industries will continue to undertake vigorous measures to reduce fixed costs, including labor cost,depreciation and other expenses, as well as to downsize the corporate structure and lower the
break-even point. Toyota Industries will also implement a wide variety of measures to enhance sales,such as releasing new products and engaging in sales-expansion activities.
For fiscal 2010, ending March 31, 2010, Toyota Industries forecasts consolidated net sales of
1,300billion yen, an operating loss of 10 billion yen, an ordinary loss of 20 billion yen and a net loss of 16
billion yen. By segment, we forecast net sales of 655 billion yen in the Automobile Segment and480billion yen in the Materials Handling Equipment Segment. Toyota Industries abstains from making
forecasts for dividends income at this point since the outlook for fiscal 2010 remains uncertain.
Our projections are based on assumed exchange rates of ¥95.0 = US$1 and ¥125.0 = €1.

(2) Analysis on Consolidated Financial Condition
Despite an increase as a result of a revision to accounting standards, total assets were down 638.1
billion yen to 2,327.4 billion yen due mainly to a decrease in market value of investment securities. Net
assets amounted to 977.6 billion yen, a decrease of 476.3 billion yen.
Cash flows from operating activities increased by 65.7 billion yen in fiscal 2009, due mainly todepreciation and amortization of 125.5 billion yen and a loss before income taxes of 23.2 billion yen. Net
cash provided by operating activities decreased by 123.1 billion yen from 188.8 billion yen in fiscal 2008.
Cash flows from investing activities resulted in a decrease in cash of 114.2 billion yen in fiscal 2009,attributable primarily to payments for purchases of property, plant and equipment amounted to 122.4
billion yen. Net cash used in investing activities decreased by 24.5 billion yen compared with a decreaseof 138.7 billion yen in fiscal 2008. Cash flows from financing activities resulted in an increase in cash of
120.9 billion yen in fiscal 2009, due mainly to proceeds from long-term loans payable in the amount of
126.1 billion yen. Net cash provided by financing activities increased by 154.8 billion yen compared witha decrease of 33.9 billion yen in fiscal 2008. After adding translation adjustments and cash and cash
equivalents at beginning of period, cash and cash equivalents as of March 31, 2009 stood at 188.0
billion yen, an increase of 66.8 billion yen, or 55%, over fiscal 2008.

- 4 -(3) Cash Dividends for FY2009
Toyota Industries paid an interim cash dividend of 30.0 yen per common share in November 2008.
However, after much deliberation on business performance, funding requirement and other factors,
Toyota Industries plans to pay a year-end cash dividend of 10.0 yen per common share, with total cash
dividends for fiscal 2009 amounting to 40.0 yen per common share, a decrease of 20.0 yen per commonshare from fiscal 2008.

2. Overview of Toyota Industries GroupThe disclosure of the business line chart (business contents) and overview of associated companies
is omitted, as there are no significant changes from the information in the most recent annual securities
report (submitted on June 20, 2008).

3. Management Policy(1) Basic Management Policy
The basic management policies of Toyota Industries Corporation and its Group companies (“Toyota
Industries”) are upheld as its basic corporate philosophy. We believe putting the following stated beliefs
into viable sincere actions by all employees will lead to greater corporate value.
① Toyota Industries is determined to comply with the letter and the spirit of the law, in Japan andoverseas, and to be fair and transparent in all its dealings.
② Toyota Industries is respectful of the people, culture and traditions of each country and region inwhich it operates. It also works to promote economic growth and prosperity in those countries andregions.
③ Toyota Industries believes that economic growth and conservation of the natural environment arecompatible. It strives to offer products and services that are clean, safe and of high quality.
④ Toyota Industries conducts intensive product research and forward-looking development activities
to create new value for its customers.
⑤ Toyota Industries nurtures the inventiveness and other abilities of its employees.
It seeks to create a climate of cooperation, so that both employees and the Company can realize
their full potential.

(2) Basic Policy on the Distribution of Profits
Toyota Industries regards the benefits of shareholders as one of its most important management
policies. Based on this stance, we will strive to strengthen Toyota Industries’ corporate constitution,
promote proactive business development and raise its corporate value.
Toyota Industries’ dividend policy is to meet the expectations of shareholders while giving fullconsideration to business performance, capital demand, dividend payout ratio on a consolidated basis
and other factors.
Toyota Industries will use retained earnings to improve the competitiveness of its products, augment
production capacity in Japan and overseas, as well as expand into new fields of business andstrengthen its corporate constitution in securing future profits for its shareholders. It will also use retained
earnings to repurchase treasury stock.

- 5 -(3) Medium- to Long-Term Management Strategies
Based on quality first, Toyota Industries regards giving considerations to the environment and safety
as well as increasing our competitive strengths to be important issues to tackle over the medium to longterm. We will promote technological advancements to develop and offer high value-added products that
anticipate customer needs. Concurrently, we will further make concerted efforts to engage instrengthening sales and service system as well as enhancing the value chain. In particular, we will gear
our technological development activities toward themes that will respond to changes in the market andthe environment as well as become the core of our future growth. We aim to undertake such endeavors
swiftly and across departmental boundaries.
To support such global consolidated management by strong power of workplace, Toyota Industries
will strive to nurture self-motivated people who take the initiative to think, learn and act. We believe such
personnel will be the bearers of the Toyota Industries Group’s future. As a part of this ongoing effort, we
will open the Global Training Center in Aichi Prefecture to commemorate Toyota Industries’ 80th
Anniversary. Targeting the Toyota Industries Group’s management and employees worldwide, the center
will provide various training geared toward spreading and sharing our management philosophy, devising
management strategies from a global perspective and raising the problem-solving ability.
In addition to placing top priority on safety, we will thoroughly enforce compliance, including
observance of laws and regulations, and actively participate in social contribution activities. Throughthese and further measures, Toyota Industries aims to meet the trust of society, raise corporate value
and grow in harmony with society.

- 6 -4. Consolidated Financial Statements(1) Consolidated Balance Sheets(Million yen)

AssetsCurrent assets
Cash and deposits
Trade Notes and accounts receivable
Short-term investments
Merchandise and finished goods
Work in process
Raw materials and supplies
Deferred tax assets
Other current assets
Allowance for doubtful accounts
Total current assets
Fixed assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
LandConstruction in progress
Total property, plant and equipment
Intangible assets
Goodwill
SoftwareTotal intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Deferred tax assets
Other investments and other assets
Allowance for doubtful accounts
Total investments and other assets
Total fixed assets
Total assets- 7 -FY2008(As of March 31, 2008)

FY2009(As of March 31, 2009)

115,557
244,035
40,621
57,95935,87330,79918,86054,391(2,486)595,612

169,743
158,798
58,83844,23730,50027,423
16,60064,632(2,806)567,967

348,638(159,862)
188,776
735,131(468,784)
266,347
103,378(75,233)
28,145
107,727
31,849622,847

362,258(180,043)
182,214
777,352(524,949)
252,402103,760(78,162)
25,598110,078
18,970589,264

137,163
12,522
149,685

107,072
11,736
118,809

1,513,779
8,056
8,578
67,202(177)
1,597,439
2,369,972
2,965,585

907,524
5,954
11,578
126,534(199)
1,051,391
1,759,464
2,327,432

(Million yen)

Liabilities
Current liabilities
Trade notes and accounts payable
Short-term loans payable
Commercial papers
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 obligation
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
Subscription rights to shares
Minority interests
Total net assets
Total liabilities and net assets- 8 -FY2008(As of March 31, 2008)

FY2009(As of March 31, 2009)

214,084
52,32633,70020,00030,38927,137
1,881
626
157,894
538,041

104,658
63,187
26,35632,072
25,349
7,570
249
214
154,720
414,379

230,766
185,513
13,188482,787
47,102
14,188973,547
1,511,588

231,501
285,340
104,245
252,20944,05518,029935,382
1,349,762

80,462
106,184
466,780(50,644)602,783

80,462
106,180
412,294(50,672)548,264752,553140
41,477794,171695
56,345
1,453,996
2,965,585

392,489
24(10,048)
382,466
1,224
45,715
977,670
2,327,432

(2) Consolidated Statements of Income

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses:
Sales commisions
Salaries and allowances
Retirement benefit expenses
Depreciation
Research and development expenses
Other
Total selling, general and administrative expenses
Operating income (loss)
Non-operating income:Interest income
Dividends income
Gain on sales of marketable securities
Equity in net earnings of unconsolidated subsidiaries
and affiliated companies
Other non-operating income
Total non-operating income
Non-operating expenses:
Interest expenses
Loss on disposal of fixed assets
Equity in net losses of unconsolidated subsidiaries
and affiliated companies
Other non-operating expenses
Total non-operating expenses
Ordinary income
Extraordinary gains:
Proceeds from sales of investment securities
Total extraordinary gains
Extraordinary loss:
Losses on impairment of property, plant and equipment
due to a decrease in production volume
Losses of discontinuing production of designated electronics parts
Total extraordinary losses
Income (Loss) before income taxes
and minority interests
Income taxes-current
Income taxes-deferred
Total income taxes
Minority interests in income (loss)
Net income (loss)- 9 -FY2008(April 1, 2007 March 31, 2008)
2,000,536
1,678,493
322,043(Million yen)
FY2009(April 1, 2008 March 31, 2009)
1,584,252
1,389,002
195,249

11,65082,362
2,063
10,05822,36596,688225,189
96,853

10,28775,426
2,012
8,734
23,61081,800201,871(6,621)

14,73734,850
3,043

12,67737,781
498

2,749

-

9,534
64,916

8,356
59,312

19,453
2,988

19,770
4,131

-

3,130

12,84035,281
126,488

11,31438,346
14,343

5,866
5,866

-

-

26,526-

11,06437,591

132,355(23,247)

47,057(2,528)44,5287,365
80,4608,248
8,240
16,488(6,968)(32,767)(3) Consolidated Statement of Changes in Total net assets(Million yen)

Shareholders' equity
Capital stock
Balance at the end of previous period
Balance at the end of current period
Capital surplus
Balance at the end of previous period
Changes of items during the period
Disposal of treasury stock
Total changes of items during the period
Balance at the end of current period
Retained earnings
Balance at the end of previous period
Effect of changes in accounting policies applied toforeign subsidiaries
Changes of items during the period
Dividends from surplus
Change of scope of consolidation
Change of scope of equity method
Net income (loss)
Total changes of items during the period
Balance at the end of current period
Treasury stock
Balance at the end of previous period
Changes of items during the period
Purchase of treasury stock
Disposal of treasury stock
Total changes of items during the period
Balance at the end of current period
Total shareholders' equity
Balance at the end of previous period
Effect of changes in accounting policies applied toforeign subsidiaries
Changes of items during the period
Dividends from surplus
Change of scope of consolidation
Change of scope of equity method
Net income (loss)
Purchase of treasury stock
Disposal of treasury stock
Total changes of items during the period
Balance at the end of current period
Valuation and translation adjustments
Valuation difference on available-for-sale securities
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period
Deferred gains or losses on hedges
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period- 10 -

FY2008(April 1, 2007March 31, 2008)

FY2009(April 1, 2008March 31, 2009)

80,46280,46280,46280,462

105,055

106,184

1,128
1,128
106,184(4)(4)
106,180

402,431466,780―(2,400)(17,489)(1,394)2,771
80,46064,349466,780(19,318)――(32,767)(52,086)
412,294(47,253)(50,644)(8,728)5,337(3,390)(50,644)

(41)
12
(28)
(50,672)

540,696602,783―(2,400)(17,489)(1,394)2,771
80,460(8,728)6,466
62,087602,783(19,318)――(32,767)(41)
8(52,118)
548,264

1,157,793

752,553(405,239)(405,239)
752,553(360,063)(360,063)
392,489

(0)

140

140
140
140

(115)
(115)
24

(Million yen)

Foreign currency translation adjustment
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period
Total valuation and translation adjustments
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period
Subscription rights to shares
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period
Minority interests
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period
Total net assets
Balance at the end of previous period
Effect of changes in accounting policies applied toforeign subsidiaries
Changes of items during the period
Dividends from surplus
Change of scope of consolidation
Change of scope of equity method
Net income (loss)
Purchase of treasury stock
Disposal of treasury stock
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period- 11 -

FY2008(April 1, 2007March 31, 2008)

FY2009(April 1, 2008March 31, 2009)

52,912

41,477(11,434)(11,434)
41,477(51,525)(51,525)(10,048)

1,210,704

794,171(416,533)(416,533)
794,171(411,705)(411,705)
382,466

202

695

493
493
695

528
528
1,224

58,87856,345(2,532)(2,532)
56,345(10,630)(10,630)
45,715

1,810,483

1,453,996―(2,400)(17,489)(1,394)2,771
80,460(8,728)6,466(418,573)(356,486)
1,453,996(19,318)――(32,767)(41)8(421,807)(473,926)
977,670

(4) Consolidated Statements of Cash Flows

Cash flows from operating activities:
Income(loss) before income taxes and minority interesin consolidated subsidiaries
Depreciation and amortization
Impairment loss
Increase (decrease) in allowance for doubtful
Interest and dividends income
Interest expenses
Equity in net earnings(losses) of affiliates(Increase) decrease in receivables(Increase) decrease in inventories
Increase (decrease) in payables
Others, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by operating activities
Cash flows from investing activities:
Payments for purchases of property, plant and equipment
Proceeds from sales of property, plant and equipment
Payments for purchases of investment securities
Proceeds from sales of investment securities
Payments for acquisition of subsidiaries' stock
resulting in change in scope of consolidation
Proceeds from sales of subsidiaries' stock
resulting in change in scope of consolidation
Payments for loans madeProceeds from collections of loans
Others, net
Net cash used in investing activities
Cash flows from financing activities:
Increase (decrease) in short-term loans
Proceeds from long-term loans
Repayments of long-term loans
Proceeds from issuance of bonds
Repayments of bonds
Payments for purchase of treasury stocks
Cash dividends paid
Cash dividends paid for minority shareholders
Proceeds from payment by minority shareholders
Others, net
Net cash provided by (used in) financing activities
Translation adjustments of cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period- 12 -

FY2008(April 1, 2007 March 31, 2008)(Million yen)
FY2009(April 1, 2008 March 31, 2009)

132,355(23,247)

119,905(365)(49,588)
19,453(2,749)(6,623)(7,490)7,568(6,777)
205,687
49,506(19,318)(47,069)
188,805

125,543
35,8681,207(50,458)
19,7703,13061,8703,939(93,949)(8,141)75,53450,435(19,622)(40,577)
65,768(135,561)
15,456(1,568)26,551(122,422)
10,991(4,982)
12,367(36,929)

(11)

424

-

(2,320)3,059(7,901)(138,789)(4,465)
5,126(10,820)(114,217)

7,115
51,662(10,210)(60,000)(8,728)(17,489)(1,594)
5,252(33,992)(3,309)12,714
108,569
121,284

6,947
126,178(10,420)
39,399(20,000)(41)(19,318)(1,310)575(1,038)120,971(5,795)66,727
121,284
188,011

(5) Events or conditions that cast significant doubt on the going concern assumption:
Not applicable.
(6) Basis of Presenting Consolidated Financial Statements(Fiscal years of consolidated subsidiaries)
Some consolidated subsidiaries have a closing date other than March 31.
The details are given below.
December 31

Aichi Corporation Group (2 companies), Toyota Industry (Kunshan) Co., Ltd.,
Toyota Material Handling (Shanghai) Co., Ltd., Toyota Industry Automotive Parts (Kunshan) Co., Ltd.,TD Automotive Compressor Kunshan, Co., Ltd., Toyota Industries Trading & Logistics (China) Co., Ltd.

(7) Changes of Basis of Presenting Consolidated Financial Statements(Changes due to revision of accounting standards)
1. Application of Accounting Standards for Measurement of Inventories
Effective from fiscal 2009, Toyota Industries applied Financial Accounting Standard No. 9“Accounting Standards for Measurement of Inventories” issued on July 5, 2006 by the
Accounting Standards Board of Japan. Based on these standards, Toyota Industries haschanged its inventory valuation method from the cost method to the net selling value(writing down book value on loss of earning power) method.
2. Application of Practical Solutions for Unification of Accounting Policies Applied to Foreign
Subsidiaries for Consolidated Financial Statements
Effective from fiscal 2009, Toyota Industries applied Practical Issues Task Force No. 18“Practical Solutions for Unification of Accounting Policies Applied to Foreign Subsidiaries for
Consolidated Financial Statements” issued on May 17, 2006 by the Accounting Standards
Board of Japan.
3. Application of Accounting Standards for Lease Transactions
Effective from fiscal 2009, Toyota Industries applied Financial Accounting Standard No.
13 “Accounting Standards for Lease Transactions” issued on June 17, 1993 (final revision
on March 30, 2007) by the Accounting Standards Board of Japan and its Implementation
Guidance No. 16 “Guidance on Accounting Standards for Lease Transactions” issued on
January 18, 1994 (final revision on March 30, 2007) by the Accounting Standards Board ofJapan
The disclosure of information other than that which is provided above is omitted, as there are no
significant changes since the most recent annual securities report (submitted on June 20, 2008).

- 13 -

（Segment Information）
1.Business segment information(1)FY2008 (April 1, 2007 - March 31, 2008)(Million yen)

Automobile

Materials
handling
equipment

Logistics

Textilemachinery(1) Outside customer sales

969,226

783,173

117,591(2) Intersegment transactions

26,026

3,415

Total

995,252

Operating expenses

OthersTotal

Eliminations Consolidated

66,26464,2802,000,536-

2,000,536

7,942

7

21,386

58,777(58,777)-

786,589

125,533

66,271

85,666

2,059,313(58,777) 2,000,536

953,734

746,747

121,303

61,97478,958

1,962,718(59,035) 1,903,682

Operating income

41,51839,841

4,230

4,297

6,708

96,595258

96,853

Assets434,952

601,299

187,064

17,811

81,342

1,322,470

1,643,115

2,965,585

Depreciation and amortization

57,98746,609

9,012

1,310

4,985

119,905-

119,905

Capital expenditures

50,14568,945

15,067

1,869

6,130

142,158-

142,158

Net sales

Notes 1. Business segments are divided by the type and nature of the product.
2. Main products of each segment:
Automobile ………………………Passenger vehicles, diesel and gasoline engines, car air-conditioning compressors, electronics parts
Materials handling equipment ...Counterbalanced forklifts, warehouse equipment, automated storage and retrieval system, aerial work
platforms
Logistics …………………………Transportation services, collection and delivery of cash and management of sales proceeds
Textile machinery ………………Air jet looms, water jet looms, ring spinning frames
Others ……………………………Semiconductor package substrates
3. Assets included in the "Eliminations" are mainly cash and deposits, marketable securities and investments in securities of Toyota
Industries Corporation.

- 14 -

(2)FY2009 (April 1, 2008 - March 31, 2009)(Million yen)

Automobile

Materials
handling
equipment

Logistics

Textilemachinery(1) Outside customer sales

755,924

639,656

114,825(2) Intersegment transactions

18,465

3,931

Total

774,389

Operating expenses

OthersTotal

Eliminations Consolidated

29,55644,2891,584,252-

1,584,252

6,927

46

21,53150,902(50,902)-643,587

121,753

29,60365,821

1,635,154(50,902) 1,584,252

785,894

639,816

118,851

31,662

65,867

1,642,092(51,218) 1,590,874

Operating income(loss)(11,504)

3,770

2,901

(2,058)(46)(6,937)315(6,621)

Assets354,661

580,945

192,977

8,959

74,842

1,212,384

1,115,047

2,327,432

Depreciation and amortization

58,19551,291

10,098

1,264

4,692

125,543-

125,543

Impairment loss

25,194514--

10,15935,868-35,868

Capital expenditures

64,26857,083

14,543606

2,269

138,770-

138,770

Net sales

Notes 1. Business segments are divided by the type and nature of the product.
2. Main products of each segment:
Automobile ………………………Passenger vehicles, diesel and gasoline engines, car air-conditioning compressors, electronics parts
Materials handling equipment ...Counterbalanced forklifts, warehouse equipment, automated storage and retrieval system, aerial work
platforms
Logistics …………………………Transportation services, collection and delivery of cash and management of sales proceeds
Textile machinery ………………Air jet looms, water jet looms, ring spinning frames
Others ……………………………Semiconductor package substrates
3. Assets included in the "Eliminations" are mainly cash and deposits, marketable securities and investments in securities of Toyota
Industries Corporation.

- 15 -

2.Geographical segment information(1)FY2008 (April 1, 2007 - March 31, 2008)(Million yen)

Japan

North
America

Europe(1) Outside customer sales(2) Intersegment transactions
Total

1,343,041
132,206
1,475,248

265,571
2,185
267,756

327,7857,821
335,60764,137
7,630
71,7682,000,536
149,843
2,150,380(149,843)(149,843)

2,000,536
2,000,536

Operating expenses

1,393,225

264,232

327,674

66,633

2,051,766(148,083)

1,903,682

Operating income

82,022

3,524

7,933

5,134

98,613(1,760)96,853

Assets906,548

165,525

356,570

71,8821,500,526

1,465,058

2,965,585

Japan

North
America

Europe(1) Outside customer sales(2) Intersegment transactions
Total

1,066,635
93,3891,160,024

193,884
1,875
195,760

272,108
6,087
278,195

51,624
6,139
57,763

1,584,252
107,491
1,691,744(107,491)(107,491)

1,584,252
1,584,252

Operating expenses

1,161,639

200,496

282,153

55,675

1,699,964(109,089)

1,590,874

Operating income (loss)(1,614)(4,736)(3,957)2,087(8,220)1,598(6,621)

Assets821,724

140,847

350,298

61,314

1,374,184

953,247

2,327,432

OthersTotal

Eliminations Consolidated

Net sales(2)FY2009 (April 1, 2008 - March 31, 2009)(Million yen)

OthersTotal

Eliminations Consolidated

Net sales- 16 -

3. Overseas sales(1)FY2008 (April 1, 2007 - March 31, 2008)(Million yen)

North America
Overseas sales

265,942Europe373,374

Others190,539

Consolidated sales

Total
829,855
2,000,536

Ratio of overseas sales to consolidated sales

13.3%

18.7%

9.5%

(2)FY2009 (April 1, 2008 - March 31, 2009)

41.5%(Million yen)

North America
Overseas sales

192,678

Europe302,812

Others130,503

Consolidated sales

Total
625,994
1,584,252

Ratio of overseas sales to consolidated sales

12.2%

19.1%

8.2%

39.5%

(Omission of disclosures)
Information on lease transactions, derivative transactions and stock options is omitted since the need to disclose suchinformation is not deemed significant.
(Subsequent event)
Based on a resolution made by Toyota Industries Corporation’s Board of Directors on February 19, 2009, the Company
issued the 18th series of unsecured bonds.
(1) Total issue amount: 50,000 million yen(2) 100 yen per issuance face value of 100 yen(3) Payment date: April 22, 2009(4) Maturity date: March 20, 2019(5) Interest rate: 2.109% per year(6) 100 yen per repayment face value of 100 yen(7) Use of funds: Fund for repayment of bonds and capital investment- 17 -

5. Non-consolidated Financial Statements(1) Non-consolidated Balance Sheets(Million yen)

AssetsCurrent assets:
Cash and deposits
Trade notes receivable
Accounts receivable
Marketable securities
Merchandise and finished goods
Work in process
Raw materials and supplies
Prepaid expenses
Deferred tax assets
Other current assets
Allowance for doubtful accounts
Total current assets
Fixed assets:
Property, plant and equipment:
Buildings
Accumulated depreciation
Buildings, net
Structures
Accumulated depreciation
Structures, net
Machinery and equipment
Accumulated depreciation
Machinery and equipment, net
Vehicles and delivery equipment
Accumulated depreciation
Vehicles and delivery equipment, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
LandConstruction in progress
Total property, plant and equipment
Intangible assets:
SoftwareTotal intangible assets
Investments and other assets:
Investment securities
Stocks of subsidiaries and affiliates
Investments in capital
Investments in capital of subsidiaries and affiliates
Long-term loans receivable
Long-term loans receivable for employees
Long-term loans receivable for subsidiaries
and affiliates
Long-term prepaid expenses
Other investments and other assets
Allowance for doubtful accounts
Total investments and other assets
Total fixed assets
Total assets- 18 -

FY2008(As of March 31, 2008)

FY2009(As of March 31, 2009)

42,90088
114,085
40,611
4,734
21,093
6,796
346
10,09836,741(57)
277,440

92,965290
71,254
58,838
1,664
19,410
7,076
361
7,065
37,440(9)296,359

182,091(91,308)
90,782
23,770(12,685)
11,085423,470(296,949)
126,520
4,595(3,078)1,517
50,993(39,727)
11,26565,306
14,715321,193

192,203103,282
88,921
24,447(13,676)
10,770435,699(319,238)
116,461
4,483(3,406)
1,077
49,521(40,606)
8,914
66,986
13,619306,751

6,544
6,544

5,972
5,972

508,049
1,238,613
2,129
21,4503,719
4,138

270,656
871,342
4,351
22,3092,087
3,764

11,58819,798

6,960
1,818
(60)
1,798,406
2,126,144
2,403,584

5,221
1,758
(76)
1,201,212
1,513,936
1,810,296

(Million yen)

Liabilities:
Current liabilities:
Trade notes payable
Trade accounts payable
Current portion of bonds
Accounts payable－otherAccrued expenses
Income taxes payable
Advance received
Deposits received
Deposits received from employee
Provision for directors' bonuses
Other current liabilities
Total current liabilities
Long-term liabilities:
Bonds payable
Long-term loans payable
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:
Capital reserve
Other capital surplus
Total capital surplus
Retained earnings:
Legal reserve
Other retained earnings:
Reserve for special depreciation
Reserve for reduction of acquisition costof fixed assets
General reserve
Unappropriated retaied earnings at end of year
Total retained earnings
Treasury stock
Total shareholders' equity
Valuation and translation adjustments:
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Total valuation and translation
Subscription rights to shares
Total net assets
Total liabilities and net assets- 19 -

FY2008(As of March 31, 2008)

FY2009(As of March 31, 2009)

939
139,167
20,00012,58535,49814,857798
26,66822,359380
20273,276413
66,46515,0009,137
26,256536
25,52423,056
89
166,480

204,991
150,000
481,024
22,7691,560
860,345
1,133,622

217,992
265,000
246,629
23,748
1,619
754,989
921,470

80,46280,462

101,766
4,396
106,162

101,766
4,391
106,158

17,00417,004

708

611

242

234

250,000
113,391
381,347(50,644)517,328

280,000
61,472359,323(50,672)495,272

751,798139
751,937695
1,269,962
2,403,584

392,375(45)
392,329
1,224
888,826
1,810,296

(2) Non-consolidated Statements of Income

Net sales
Cost of sales:
Beginning finished goods
Cost of products manufactured
Total
Transfer to other accountEnding finished goods
Total cost of sales
Gross profit
Selling, general and administrative expenses:
Sales commisions
Packing and transportation expenses
Salaries and allowances
Retirement benefit expenses
Depreciation
Research and development expenses
Other
Total selling, general and administrative expenses
Operating income (loss)
Non-operating income:Interest income
Dividends income
Gain on sales of marketable securities
Rent income on noncurrent assets
Other non-operating income
Total non-operating income
Non-operating expenses:
Interest expenses
Interest on bonds
Depreciation
Loss on valuation of securities
Loss on disposal of fixed assets
Other non-operating expenses
Total non-operating expenses
Ordinary income
Extraordinary gains:
Proceeds from sales of investment securities
Total extraordinary gains
Extraordinary losses:
Losses on impairment of property, plant anddue to a decrease in production volume
Losses of discontinuing production ofdesignated electronics parts
Total extraordinary losses
Income before income taxes
Income taxes-current
Income taxes-deferred
Total income taxes
Net income (loss)- 20 -

FY2008(April 1, 2007 March 31, 2008)
1,217,526(Million yen)
FY2009(April 1, 2008 March 31, 2009)
940,008

2,667
1,098,982
1,101,649
90
4,734
1,096,824
120,702

4,734
882,575
887,309
67
1,664
885,578
54,43013,507
9,471
12,788801
2,625
16,266
14,882
70,34350,35812,563
7,380
11,016860
2,363
18,135
11,89164,210(9,780)600
37,142
867
2,531
1,547
42,689629
40,797
432
2,659
861
45,381

2,397
4,183
1,339
1,323
2,125
4,821
16,191
76,857

2,759
3,294
1,323
205
2,766
4,864
15,214
20,387

5,863
5,863

-

-

10,493-

5,177

82,72025,004
1,012
26,01656,703

15,670
4,716
43
7,378
7,421
(2,705)

(3)Non-consolidated Statement of Changes in Total net assets

Shareholders' equity
Capital stock
Balance at the end of previous period
Balance at the end of current period
Capital surplus
Legal capital surplus
Balance at the end of previous period
Balance at the end of current period
Other capital surplus
Balance at the end of previous period
Changes of items during the period
Disposal of treasury stock
Total changes of items during the period
Balance at the end of current period
Total capital surplus
Balance at the end of previous period
Changes of items during the period
Disposal of treasury stock
Total changes of items during the period
Balance at the end of current period
Retained earnings
Legal retained earnings
Balance at the end of previous period
Balance at the end of current period
Other retained earnings
Reserve for special depreciation
Balance at the end of previous period
Changes of items during the period
Provision of reserve for special depreciation
Reversal of reserve for special depreciation
Total changes of items during the period
Balance at the end of current period
Reserve for advanced depreciation of noncurrent
assetsBalance at the end of previous period
Changes of items during the period
Reversal of reserve for advanced depreciationof noncurrent assets
Total changes of items during the period
Balance at the end of current period
General reserve
Balance at the end of previous period
Changes of items during the period
Provision of general reserve
Total changes of items during the period
Balance at the end of current period- 21 -

FY2008(April 1, 2007 March 31, 2008)(Million yen)
FY2009(April 1, 2008 March 31, 2009)

80,46280,46280,46280,462

101,766
101,766

101,766
101,766

3,267

4,396

1,128
1,128
4,396

(4)
(4)
4,391

105,033

106,162

1,128
1,128
106,162(4)(4)
106,158

17,00417,00417,00417,004

869

708

50
(210)
(160)
708

109
(206)
(97)
611

249

242

(6)

(8)

(6)
242

(8)
234

220,000

250,000

30,00030,000250,000

30,00030,000280,000

Retained earnings brought forward
Balance at the end of previous period
Changes of items during the period
Provision of reserve for special depreciation
Provision of general reserve
Reversal of reserve for special depreciation
Reversal of reserve for advanced depreciationof noncurrent assets
Dividends from surplus
Net income (loss)
Total changes of items during the period
Balance at the end of current period
Total retained earnings
Balance at the end of previous period
Changes of items during the period
Provision of reserve for special depreciation
Provision of general reserve
Reversal of reserve for special depreciation
Reversal of reserve for advanced depreciation of
noncurrent assets
Dividends from surplus
Net income (loss)
Total changes of items during the period
Balance at the end of current period
Treasury stock
Balance at the end of previous period
Changes of items during the period
Purchase of treasury stock
Disposal of treasury stock
Total changes of items during the period
Balance at the end of current period
Total shareholders' equity
Balance at the end of previous period
Changes of items during the period
Dividends from surplus
Net income (loss)
Purchase of treasury stock
Disposal of treasury stock
Total changes of items during the period
Balance at the end of current period- 22 -

FY2008(April 1, 2007 March 31, 2008)(Million yen)
FY2009(April 1, 2008 March 31, 2009)

104,009113,391(50)(30,000)
210(109)(30,000)206

6

8(17,489)
56,703
9,381
113,391(19,318)(2,705)(51,918)
61,472

342,132

381,347

―
―
―

―
―
―

―

―

(17,489)
56,70339,214
381,347(19,318)(2,705)(22,023)
359,323(47,253)(50,644)(8,728)5,337(3,390)(50,644)

(41)
12
(28)
(50,672)

480,375

517,328(17,489)
56,703(8,728)6,466
36,952
517,328(19,318)(2,705)(41)
8(22,056)495,272

Valuation and translation adjustments
Valuation difference on available-for-sale securities
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period
Deferred gains or losses on hedges
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period
Total valuation and translation adjustments
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period
Subscription rights to shares
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period
Total net assets
Balance at the end of previous period
Changes of items during the period
Dividends from surplus
Net income (loss)
Purchase of treasury stock
Disposal of treasury stock
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period- 23 -

FY2008(April 1, 2007 March 31, 2008)(Million yen)
FY2009(April 1, 2008 March 31, 2009)

1,156,445

751,798(404,646)(404,646)
751,798(359,422)(359,422)
392,375

(3)

139

143
143
139

(185)
(185)
(45)

1,156,441

751,937(404,503)(404,503)
751,937(359,608)(359,608)
392,329

202

695

493
493
695

528
528
1,224

1,637,020

1,269,962(17,489)
56,703(8,728)6,466(404,010)(367,057)
1,269,962(19,318)(2,705)(41)
8(359,079)(381,136)
888,826

(4) [Events or conditions that cast significant doubt on the going concern assumption]
Not applicable.

(Subsequent event)
Based on a resolution made by Toyota Industries Corporation’s Board of Directors on February 19, 2009, the Company
issued the 18th series of unsecured bonds.
(1) Total issue amount: 50,000 million yen(2) 100 yen per issuance face value of 100 yen(3) Payment date: April 22, 2009(4) Maturity date: March 20, 2019(5) Interest rate: 2.109% per year(6) 100 yen per repayment face value of 100 yen(7) Use of funds: Fund for repayment of bonds and capital investment
6. Change of Representative Director and Executives
This information was disclosed in "Notice Concerning Change of Representative Director and Executives"
as of April 28,2009.

- 24 -