Toyota Industries Report 2014

Financial Section /Corporate Informationn Financial SectionP

72− 80Consolidated Eleven-Year SummaryP72− 73

Consolidated Balance SheetsP74− 75

Consolidated Statements of Income

P

76

Consolidated Statements of Comprehensive Income

P

77

Consolidated Statements of Changes in Net Assets

P

P

Consolidated Statements of Cash Flowsn Corporate Information

P

Board of Directors, Audit & Supervisory Board Members
and Managing Officers
Major Consolidated Subsidiaries

78− 7981− 85
P

P

80

81

82− 83Major Production Bases

P

84

Investor Information

P

85

Note:
For details on the consolidated financial statements, please refer to the separate
publication, which is also posted on the following Website:
www.toyota-industries.com

71Corporate Social
Responsibility

Business Activities

Financial Section /Corporate Information

Environmental Initiatives

Consolidated Eleven-Year Summary

Consolidated Eleven-Year Summary
Toyota Industries Corporation
Years ended March 31
Millions of yen

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

For The Year¥2,007,856¥1,615,244¥1,543,352¥1,479,839¥1,377,769¥1,584,252¥2,000,536¥1,878,398¥1,505,955¥1,241,538¥1,164,378

Operating income (loss)

107,691

77,09870,092

68,79822,002(6,621)

96,853

89,95464,04053,12052,631

Ordinary income

138,133

86,83680,86673,911

31,756

14,343

126,488

108,484

80,63570,91258,970Net sales

91,705

53,11958,594¥109,479¥89,459¥58,404

Depreciation

64,153

57,954

59,830Research and development expenses

46,32639,05732,070¥292.76¥170.36¥188.02

Net income (loss)
Investment in tangible assets

47,205¥(26,273)(32,767)

80,46059,46847,07743,35733,623

26,963¥ 104,495¥ 104,205¥ 129,023¥130,121¥111,321¥65,651

62,372

73,23887,21983,74474,44964,423

51,27749,26427,78826,826

33,64636,75034,54831,16630,051

29,562(84.33)¥ (105.16)

38,254¥Per share of common stock (yen):
Net income (loss) per share—basic¥151.51¥¥

257.50¥

189.88¥

146.16¥

135.09¥108.04292.57170.35————257.43189.66146.02135.03101.97

Total net assets per share

5,640.08

4,719.66

3,662.26

3,300.17

3,390.02

2,987.16

4,483.32

5,612.11

5,044.45

3,504.80

3,199.69

Cash dividends per share

85.00

55.00

50.00

50.00

30.00

40.00

60.00

50.00

38.00

32.00

24.00

Net income per share—diluted

At Year-End
Total assets¥3,799,010¥3,243,779¥2,656,984¥2,481,452¥2,589,246¥2,327,432¥2,965,585¥3,585,857¥3,245,341¥2,326,824¥2,011,995

Total net assets

1,829,326

1,524,933

1,197,841

1,075,939

1,104,929

977,670

1,453,996

1,810,483

1,611,227

1,115,747

1,016,763

Common stock

80,46280,46280,46280,46280,46280,46280,46280,46280,46280,46280,462

Number of shares outstanding (excluding treasury stock) (thousands)

313,730

312,207311,687

311,564

311,570

311,577

311,589

312,075

319,320

318,237

317,666¥155,059¥151,299¥101,718¥ 153,661¥ 203,452

65,768¥ 188,805¥ 177,467¥ 131,784¥ 100,095(118,483)(274,210)(9,403)(187,574)(36,855)(114,217)(138,789)(164,446)(205,013)(128,230)(92,667)

Cash FlowsNet cash provided by operating activities
Net cash used in investing activities
Net cash provided by (used in) financing activities
Cash and cash equivalents at end of year¥¥92,406

6,183

7,050

10,279(85,728)(38,230)

120,971(33,992)(19,749)

85,17250,020(56,015)

226,406

179,359

296,811

195,566

317,590

188,011

121,284

108,569

112,596

100,535

77,212

5.7

4.1

5.4

4.5

(2.6)

(2.8)

5.1

3.5

3.5

4.1

3.8

Indices
Return on equity (ROE) (%)
Return on assets (ROA) (%)

2.6

1.8

2.3

1.9

(1.1)

(1.2)

2.5

1.7

1.7

2.0

1.8

Operating profit margin (%)

5.4

4.8

4.5

4.6

1.6

(0.4)

4.8

4.8

4.3

4.3

4.5

Equity ratio (%)

46.6

45.4

43.0

41.4

40.8

40.0

47.1

48.8

49.7

48.0

50.5

¥216,175¥155,234¥161,876¥ 150,481

71,608¥ 222,125¥ 191,007¥ 150,674¥ 128,381¥ 113,676

49,33347,41243,51640,82539,91639,52836,09632,97730,99027,431

EBITDA (millions of yen)
Number of employees¥90,521
38,903¥

1. Investment in tangible assets and depreciation apply to property, plant and equipment. They do not, however, include materials handling equipment
leased under operating leases.
2. Net income (loss) per share is computed based on the average number of shares for each year.
3. ROE and ROA are computed based on the average total net assets and total assets, respectively, for each year.
Investment securities are stated at market value.
4. Operating profit margin = Operating income (loss) / Net sales
5. Equity ratio = (Total net assets – Subscription rights to shares – Minority interests) / Total assets
6. EBITDA = Income before income taxes + Interest expenses – Interest and dividends income + Depreciation and amortization

72

Toyota Industries Report 201473

Business Activities

Corporate Social
Responsibility

Environmental Initiatives

Financial Section /Corporate Information

Consolidated Balance Sheets

Consolidated Balance Sheets
Toyota Industries Corporation
As of March 31, 2014 and 2013
Millions of yen

2014

Millions of yen

AssetsCurrent assets:
Cash and deposits
Cash deposits for cash collection and deposit services
Trade notes and accounts receivable
Lease investment assets
Short-term investments
Merchandise and finished goods
Work in process
Raw materials and supplies
Deferred tax assets
Other current assets
Allowance for doubtful accounts74¥ 230,348
49,981
215,799
41,96433,047
66,67035,08840,762
23,83646,222(3,204)872,058

780,517

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
		Land		Construction in progress

395,692(238,697)
156,995
976,511(703,217)
273,294
149,580(114,281)
35,298
119,10741,418365,308(226,436)
138,871864,534(646,319)
218,214
135,525(105,024)
30,500118,244
43,982

		Total property, plant and equipment

626,114549,814

Intangible assets:
		Goodwill
		Other intangible assets

100,81490,068122,003
46,045

		Total intangible assets

190,882

168,049

Investments and other assets:
		Investment securities
		Deferred tax assets
		Lease investment assets
		 Other investments and other assets
		 Allowance for doubtful accounts

1,926,353
15,285
118,849
49,793(328)

1,598,437
12,304
93,572
41,231(148)

		Total investments and other assets
Total fixed assets
Total assets

2,109,954
2,926,951¥3,799,010

1,745,398
2,463,262¥ 3,243,779

Toyota Industries Report 20142013¥196,904
120,058
20,524
29,13947,644
29,13825,962
1,458
619
191,903¥180,146
183,920
30,2244,499
44,851
17,623
15,9582,923
570
178,378

663,353

659,095

212,128
323,400
122,151
567,859—
63,854
16,936

213,584
236,318
101,883
440,356
52,779—14,8291,306,330
1,969,684

1,059,750
1,718,846

80,46280,462

105,654
563,957(43,012)

105,898
492,578(48,405)

707,062

630,534

Accumulated other comprehensive income:
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans

1,022,525(139)
44,649(4,629)830,054(237)
13,163—

Total accumulated other comprehensive income
Subscription rights to shares
Minority interests
Total net assets
Total liabilities and net assets

1,062,404
330
59,528
1,829,326¥3,799,010

842,980
1,478
49,9391,524,933¥3,243,779

Liabilities¥226,383
50,765
246,676
50,12246,012
77,98938,78253,47025,961
59,727(3,832)

Total current assets

2014

2013

Current liabilities:
Trade notes and accounts payable
Short-term loans payable
Commercial paper
Current portion of bonds
Lease obligations
Accounts payable—otherAccrued income taxes
Deferred tax liabilities
Allowance for bonuses to directors and audit & supervisory board members
Other current obligations
Total current liabilities
Long-term liabilities:
Bonds payable
Long-term loans payable
Lease obligations
Deferred tax liabilities
Allowance for retirement benefits
Liability for retirement benefits
Other long-term liabilities
Total long-term liabilities
Total liabilities

Net Assets
Shareholders’ equity:
Capital stock
		Authorized — 1,100,000,000 shares
		 Issued— 325,840,640 shares as of March 31, 2014				 325,840,640 shares as of March 31, 2013
Capital surplus
Retained earnings
Treasury stock		 12,109,864 shares as of March 31, 2014		 13,632,854 shares as of March 31, 2013
Total shareholders’ equity

75

Business Activities

Corporate Social
Responsibility

Environmental Initiatives

Financial Section /Corporate Information

Consolidated Statements of Income/Consolidated Statements of Comprehensive Income

Consolidated Statements of Income

Consolidated Statements of Comprehensive Income

Toyota Industries Corporation
For the years ended March 31, 2014 and 2013

Toyota Industries Corporation
For the years ended March 31, 2014 and 2013
Millions of yen

Millions of yen

2014

2013

¥2,007,856
1,651,573
356,282¥1,615,244
1,347,238
268,006

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses:
Sales commissions
Salaries and allowances
Retirement benefit expenses
Depreciation
Research and development expenses
OthersTotal selling, general and administrative expenses
Operating income
Non-operating income:Interest income
Dividends income
Gain on sales of marketable securities
Equity in net earnings of affiliated companies
Other non-operating income
Total non-operating income
Non-operating expenses:
Interest expenses
Loss on disposal of fixed assets
Other non-operating expenses
Total non-operating expenses
Ordinary income
Extraordinary losses:
Loss on liquidation of subsidiaries and affiliates
Total extraordinary losses
Income before income taxes and minority interests
Income taxes—current
Income taxes—deferred
Total income taxes
Income before minority interests
Minority interests in income
Net income

Net income per share­—basic
Net income per share­—diluted
Net assets per share
Cash dividends per share¥  292.76
292.575,640.08
85.00

13,832
85,831
3,788
11,12539,363
94,647
248,590
107,691

12,24074,452
1,739
8,076
32,20362,196
190,908
77,098

11,20538,602
1,106
2,294
7,319
60,527

9,071
21,084
784
825
5,277
37,04316,023
1,345
12,71830,086138,133

14,508
1,006
11,78927,304
86,836——138,133
40,6703,263
43,934
94,1982,493¥ 91,705

6,710
6,710
80,12627,345(493)
26,851
53,275155¥53,119

Income before minority interests

2014

2013

¥94,198¥ 53,275

192,795

265,277

97(106)

33,58830,444526

392

227,007

296,008

321,206

349,283

315,759

345,988

5,447

3,295

Other comprehensive income:
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Share of other comprehensive income of associates accounted for using equity method
Total other comprehensive income
Comprehensive income
Profit attributable to:
Owners of the parent
Minority interests

Yen

76

Toyota Industries Report 2014¥  170.36
170.35
4,719.66
55.00

77

Corporate Social
Responsibility

Business Activities

Financial Section /Corporate Information

Environmental Initiatives

Consolidated Statements of Changes in Net Assets

Consolidated Statements of Changes in Net Assets
Toyota Industries Corporation
For the year ended March 31, 2014

Balance at March 31, 2013

Toyota Industries Corporation
For the year ended March 31, 2013
Millions of yen

Millions of yen

Shareholders’ equity

Shareholders’ equity

Capital stock

Capital surplus

Retainedearnings¥80,462¥105,898¥492,578

Treasury stock

Total
shareholders’equity¥(48,405)¥630,534

Balance at March 31, 2012

Capital stock

Capital surplus

Retainedearnings¥80,462¥106,128¥455,042

Total
shareholders’equity¥(50,266)¥591,367

Changes of items during theperiodChanges of items during theperiodDividends from surplus(20,326)(20,326)

Dividends from surplus(15,584)(15,584)

Net income

91,70591,705

Net income

53,11953,119(96)(96)

Repurchase of treasury stock

5,489

5,245

Disposal of treasury stock

Repurchase of treasury stock(244)

Disposal of treasury stock

Total changes of items during theperiodBalance at March 31, 2014

(230)

—

(244)

71,378

5,393

76,527¥80,462¥105,654¥563,957¥(43,012)¥707,062

Total changes of items during theperiod

(109)

1,971

1,741

Balance at March 31, 2013

—

(230)

37,535

1,861

39,166¥80,462¥105,898¥492,578¥(48,405)¥630,534

Millions of yen

Millions of yen

Accumulated other comprehensive income

Balance at March 31, 2013(109)

Net changes of items other thanshareholders’ equity

Net changes of items other thanshareholders’ equity

Valuationdifference on
available-forsale securities

Deferred gains
or losses onhedgesForeigncurrencytranslation
adjustment¥ 830,054¥(237)¥13,163

Accumulated other comprehensive income

Total
Subscription
Remeasurements accumulated
rights toof defined
othersharesbenefit plans comprehensive
income¥  —¥ 842,980¥1,478

Minority
interests

Total net
assets¥49,939¥1,524,933

Changes of items during theperiodBalance at March 31, 2012

Valuationdifference on
available-forsale securities

Deferred gains
or losses onhedges¥565,007¥(131)

Foreigncurrencytranslation
adjustment¥(14,763)

Total
Subscription
Remeasurements accumulated
rights toof defined
othersharesbenefit plans comprehensive
income¥  —¥550,112¥2,310Minority
interests

Total net
assets¥54,051¥1,197,841

Changes of items during theperiodDividends from surplus(20,326)

Dividends from surplus(15,584)

Net income

91,705

Net income

53,119Repurchase of treasury stock(96)

Repurchase of treasury stock(109)

Disposal of treasury stock

5,245

Disposal of treasury stock

1,741

Net changes of items other thanshareholders’ equity

192,470

97

31,485(4,629)219,423(1,147)

9,588

227,865

Net changes of items other thanshareholders’ equity

265,047(106)

27,927—

292,868(832)(4,111)

287,924

Total changes of items during theperiod192,470

97

31,485(4,629)219,423(1,147)

9,588

304,392

Total changes of items during theperiod265,047(106)

27,927—

292,868(832)(4,111)

327,091¥1,022,525¥(139)¥44,649¥(4,629)¥1,062,404¥ 330¥59,528¥1,829,326

Balance at March 31, 2013

¥830,054¥(237)¥ 13,163—¥842,980¥1,478¥49,939¥1,524,933

Balance at March 31, 2014

78

Treasury stock

Toyota Industries Report 2014

¥  

79

Business Activities

Corporate Social
Responsibility

Environmental Initiatives

Financial Section /Corporate Information

Consolidated Statements of Cash Flows/
Board of Directors, Audit & Supervisory Board Members and Managing Officers

Board of Directors, Audit & Supervisory Board
Members and Managing Officers

Consolidated Statements of Cash Flows(As of June 13, 2014)

Toyota Industries Corporation
For the years ended March 31, 2014 and 2013

Board of Directors
Millions of yen

Cash flows from operating activities:
Income before income taxes and minority interests
Depreciation and amortization
Impairment loss
Increase (decrease) in allowance for doubtful accounts
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 income received
Interest expenses paid
Income taxes (paid) refunded
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 acquisition of subsidiaries’ stock resulting in change in scope of consolidation
Payments for sales of subsidiaries’ stock resulting in change in scope of consolidation
Payments for loans madeProceeds from collections of loans
Net (increase) decrease in time deposits
Others, net
Net cash used in investing activities
Cash flows from financing activities:
Increase (decrease) in short-term loans payable
Proceeds from long-term loans payable
Repayments of long-term loans payable
Proceeds from issuance of bonds
Repayments of bonds
Payments for repurchase of treasury stocks
Cash dividends paid
Cash dividends paid to minority shareholders
Proceeds from payment by minority shareholders
Others, net
Net cash provided by 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

80

Toyota Industries Report 2014

2014

2013

¥138,133
111,826—504(49,807)
16,023(2,294)(13,469)(15,459)
6,305(32,107)
159,655
49,782(15,517)(38,861)
155,059¥80,126
90,7564,516
26(30,156)
14,508(825)(475)(6,041)
2,929
4,981
160,346
30,181(14,688)(24,540)
151,299(131,672)
12,879(32,015)
2,211(1,137)
265
—
(867)
640
38,390(7,177)(118,483)(112,430)
8,137(14,679)987(68,503)
—
(505)
(13)
275
(64,435)(23,043)(274,210)(59,236)
128,203(60,721)
26,660(4,505)(96)(20,326)(454)
270(3,609)6,183
4,286
47,046
179,359¥226,406

51,78645,425(49,382)
30,000(54,125)(109)(15,584)
(435)
1,899
(2,423)7,050(1,591)(117,451)
296,811¥179,359

ChairmanPresident

Tetsuro Toyoda

Akira Onishi

Executive Vice President

Executive Vice President

Executive Vice President

Chiaki Yamaguchi

Kazue Sasaki

Hirotaka Morishita

Senior Managing Directors

Shinya Furukawa
Masaharu Suzuki
Norio Sasaki
Toshifumi Ogawa

Directors

Toshifumi Onishi
Takaki Ogawa
Kan Otsuka
Taku Yamamoto

Keiichi Fukunaga
Fujio Cho
Shuzo Sumi

Audit & Supervisory Board Members
Full-Time Audit & Supervisory Board Members

Kakuo Ishikawa
Kohei Nozaki

Audit & Supervisory Board Members

Toshio Mita
Hans-Juergen Marx
Satoshi Ozawa

Managing Officers
Senior Managing Officers

Hiroaki Asai
Hirooki Fujiwara
Yukihisa Tsuchimoto
Takashi Ito

Managing Officers

Toshiya Yamagishi
Junichi Harada
Mikihiko Okamoto
Yasuhiro Murata
Yojiro Mizuno
Masahiro Kawaguchi
Susumu Toyoda
Yuji Ishizaki
Keizo Hara
Kiyotsugu Kurimoto

Masafumi Kunito
Toshihiko Shimizu
Koichi Ito
Yasushi Kawai
Hiroaki Kayukawa
Kazuyuki Yamaguchi
Toru Inagawa
Hiroshi Matsumoto
Kota Otoshi

81Business Activities

Corporate Social
Responsibility

Financial Section /Corporate Information

Environmental Initiatives

Major Consolidated Subsidiaries

Major Consolidated Subsidiaries(As of March 31, 2014)*Including indirect investment

Segment

Company Name

Location

Ownership
Ratio* (%)

Business Activities

Automobile

Logistics

Country

BT Products AB

MjölbyProduction of materials handling equipment

100.0

Aichi Corporation

Ageo-shi, Saitama

Production of aerial work platforms

52.2

Toyota Industries Europe AB

MjölbyHolding company for materials handling equipment business in Europe

100.0

TOYOTA L&F Fukui Co., Ltd.

Fukui-shi, Fukui

Sales and servicing of materials handling equipment

100.0

Toyota Material Handling Europe AB

MjölbyEuropean headquarters for materials handling equipment business

100.0

TOYOTA L&F Tokyo Co., Ltd.

Shinagawa-ku, Tokyo

Sales and servicing of materials handling equipment

100.0

Toyota Material Handling Sweden AB

BrommaSales and servicing of materials handling equipment

100.0

Nishina Industrial Co., Ltd.

Nagano-shi, Nagano

Production of materials handling equipment and construction machinery parts

97.5

NorwayToyota Material Handling Norway AS

Trondheim

Sales and servicing of materials handling equipment

100.0

TOYOTA L&F Shizuoka Co., Ltd.

Shizuoka-shi, Shizuoka

Sales and servicing of materials handling equipment

100.0

Finland

Toyota Material Handling Finland OY

VantaaSales and servicing of materials handling equipment

100.0

HANDA Casting Company

Handa-shi, Aichi

Production of foundry parts

100.0

Denmark

Toyota Material Handling Danmark A/SSlangerup

Sales and servicing of materials handling equipment

100.0

Unica Co., Ltd.

Kiyosu-shi, Aichi

Production of in-house transporters

100.0

LatviaToyota Material Handling Baltic SIA.

Riga

Sales and servicing of materials handling equipment

100.0

TOYOTA L&F Hyogo Co., Ltd.

Nishinomiya-shi, Hyogo

Sales and servicing of materials handling equipment

100.0

PolandToyota Material Handling Polska Sp. z o.o.

Pruszków

Sales and servicing of materials handling equipment

100.0

Tokaiseiki Co., Ltd.

Iwata-shi, Shizuoka

Production of compressor and engine parts

100.0

Czech Republic Toyota Material Handling CZ s.r.o.

Rudna

Sales and servicing of materials handling equipment

100.0

Altex Co., Ltd.

Hamamatsu-shi, Shizuoka

Production of compressor parts

100.0

Slovakia

Toyota Material Handling Slovensko s.r.o.

Bratislava

Sales and servicing of materials handling equipment

100.0

IZUMI MACHINE MFG. CO., LTD.

Obu-shi, Aichi

Production of specialized machine tools, friction welding machines, automotive parts

100.0

Hungary

Toyota Material Handling Hungary Ltd.

Budapest

Sales and servicing of materials handling equipment

100.0

Nagao Kogyo Co., Ltd.

Nagoya-shi, Aichi

Production of compressor, materials handling equipment and textile machinery parts

100.0

Romania

Toyota Material Handling Romania s.r.l.

Bucharest

Sales and servicing of materials handling equipment

100.0

Miduho Industry Co., Ltd.

Nagoya-shi, Aichi

Production of automotive, compressor and materials handling equipment parts

100.0

RussiaOOO Toyota Material Handling RUS

MoscowSales and servicing of materials handling equipment

100.0

Iwama Loom Works, Ltd.

Oguchi-cho, Niwa-gun, Aichi Production of compressor parts

100.0

Switzerland

Toyota Material Handling Schweiz AG

ZürichSales and servicing of materials handling equipment

50.0

Tokyu Co., Ltd.

Oguchi-cho, Niwa-gun, Aichi Production of compressor parts and industrial machinery

100.0

Austria

Toyota Material Handling Austria GmbH

Wiener Neudorf

Sales and servicing of materials handling equipment

100.0

KTL Co., Ltd.

Koto-ku, TokyoManagement and operation of distribution centers

50.5

Toyota Material Handling Europe Brussels NV/SA Brussels

Sales and marketing of materials handling equipment

100.0

Wanbishi Archives Co., Ltd.

Minato-ku, Tokyo

Data storage, management, collection and delivery services

100.0

Toyota Material Handling Belgium NV/SA

Wilrijk

Sales and servicing of materials handling equipment

100.0

Asahi Security Co., Ltd.

Minato-ku, Tokyo

Cash collection and delivery and cash proceeds management

100.0

Netherlands

Toyota Material Handling Nederland B.V.

Ede

Sales and servicing of materials handling equipment

100.0

Taikoh Transportation Co., Ltd.

Kariya-shi, Aichi

Land transportation services

53.1

U.K.

Toyota Material Handling UK Limited

Slough, Berkshire

Sales and servicing of materials handling equipment

100.0

Advanced Logistics Solutions Co., Ltd.

Takahama-shi, Aichi

Planning, design and operation of distribution centers

100.0

Germany

Toyota Material Handling Deutschland GmbH

Isernhagen

Sales and servicing of materials handling equipment

100.0

Ikeda-cho, Ibi-gun, Gifu

100.0

Toyota Industrial Equipment, S.A.

AncenisProduction of materials handling equipment

100.0

Toyota Material Handling France SAS

Marne La ValléeSales and servicing of materials handling equipment

100.0

Toyota Material Handling España, S.A.

Barberá del VallésSales and servicing of materials handling equipment

100.0

CESAB Carrelli Elevatori S.p.A.

Bologna

Production of materials handling equipment

100.0

Toyota Material Handling Italia S.r.l.

Bologna

Sales and servicing of materials handling equipment

100.0

Toyota Material Handling Greece SA

Markopoulo, Attica

Sales and servicing of materials handling equipment

100.0

TD Deutsche Klimakompressor GmbH

Bernsdorf

Production of compressors

65.0

SwedenMaterials
Handling
Equipment

Belgium

SKM CORPORATION

Kariya-shi, Aichi

Sun Staff, Inc.

Kariya-shi, Aichi

Production of textile machinery and materials handling equipment parts
Total construction management, security management, civil engineering/construction design work andreal estate management
Personnel placement, contract office staffing

Sun Valley Inc.

Kariya-shi, Aichi

Sales of goods, travel agency, organizing and running of events

100.0

Italy

Shine’s Co., Ltd.

Kariya-shi, Aichi

Management and operation of employee clubs

100.0

GreeceToyota Industries Well Support Corporation Kariya-shi, Aichi

Planning and operation of benefit programs; administrative processing services for payroll accounting, etc.

100.0

Toyoda High System, Incorporated

Kariya-shi, Aichi

Planning, development, formulation and operation of information infrastructure and systems

100.0

Sun River Co., Ltd.

Suita-shi, Osaka

Sports facilities, real estate lease, restaurant management

100.0Country

U.S.A.

Canada82

Ownership
Ratio* (%)

100.0

France

100.0

Spain

100.0

Automobile

Company Name

Location

Business Activities

Ownership
Ratio* (%)

OthersGermany

U.S.A.

Cascade Corporation

Portland, Oregon

Production of materials handling equipment parts

100.0

Indiana Hydraulic Equipment, Corp.

Franklin, Indiana

Production of materials handling equipment parts

100.0

Industrial Components and Attachments, Inc.

Portland, Oregon

Holding company for materials handling equipment business in the U.S.A.

100.0

North Vernon Industry Corp.

North Vernon, Indiana

Production of materials handling equipment parts

100.0

Raymond-Muscatine Inc.

Muscatine, Iowa

Production of materials handling equipment

100.0

The Raymond Corporation

Greene, New York

Production of materials handling equipment

100.0

Toyota Industrial Equipment Mfg., Inc.

Columbus, Indiana

Production of materials handling equipment

100.0

Toyota Material Handling North America, Inc.

Columbus, Indiana

North American headquarters for materials handling equipment business

100.0

Toyota Material Handling, U.S.A., Inc.

Columbus, Indiana

Sales of materials handling equipment

100.0

G. N. Johnston Equipment Co., Ltd.

Mississauga, Ontario

Sales and servicing of materials handling equipment

100.0

Michigan Automotive Compressor, Inc.

Parma, Michigan

Production of compressors

60.0

TD Automotive Compressor Georgia, LLC

Pendergrass, Georgia

Production of compressors

77.4

Toyota Industries Compressor Parts America, Co. Pendergrass, Georgia

Production of compressor parts

100.0

Toyota Industries Electric Systems North America, Inc. Novi, Michigan

Development and sales of electronics products

90.0

Textile Machinery U.S.A.

Toyoda Textile Machinery, Inc.

Charlotte, North Carolina Sales and servicing of textile machinery

100.0

OthersToyota Industries North America, Inc.

Columbus, Indiana

100.0

U.S.A.

Toyota Industries Report 2014

North American headquarters

Toyota Industries Electric Systems Europe GmbH München

Development and sales of electronics products

90.0

Toyota Textile Machinery Europe, AG

Uster

Sales and servicing of textile machinery

100.0

Uster Technologies AG

Uster

Production of yarn quality measurement instruments and cotton classing instruments

100.0

SwedenToyota Industries Finance International AB

MjölbyFunding, loan, other financial services

100.0

India

Toyota Material Handling India Pvt. Ltd.

Delhi

Sales and servicing of materials handling equipment

75.0

Vietnam

Toyota Industrial Equipment Vietnam Co., Ltd.

Hung Yen

Production of materials handling equipment parts

90.0

Australia

Toyota Material Handling Australia Pty Limited

New South Wales

Sales and servicing of materials handling equipment

100.0

BT Manufacturing (Foshan) Co., Ltd.

Foshan, Guandong

Production of materials handling equipment

100.0

OthersNorth America

Automobile

Business Activities

Sales and servicing of materials handling equipment

Textile Machinery Switzerland

Materials
Handling
Equipment

Location

Akita-shi, Akita*Including indirect investment

Segment

Company NameTOYOTA L&F Akita Co., Ltd.

Textile Machinery Hara Corporation

OthersSegment
EuropeJapan

Materials
Handling
Equipment*Including indirect investment

Materials
Handling
Equipment

China

Sales of materials handling equipment

75.0

Production, sales and servicing of materials handling equipment

100.0

Rental and leasing of materials handling equipment

100.0

India

Toyota Material Handling (Shanghai) Co., Ltd.
ShanghaiToyota Material Handling Mercosur Indústria eSão Paulo
Comércio de Equipamentos Ltda
Toyota Material Handling Capital S.A.P.I. de C.V.,
Santiago de Querétaro
SOFOM E.N.R.
Kirloskar Toyota Textile Machinery Pvt. Ltd.
Bangalore

Production of textile machinery and automotive parts

97.9

Indonesia

P.T. TD Automotive Compressor Indonesia

Bekasi

Production of compressors

50.1

Toyota Industry (Kunshan) Co., Ltd.

Kunshan, Jiangsu

Production of automotive parts and materials handling equipment, etc.

63.7

TD Automotive Compressor Kunshan Co., Ltd.

Kunshan, Jiangsu

Production of compressors

77.6

Yantai Shougang TD Automotive Compressor Co., Ltd. Yantai, Shandong

Production of compressors

50.1

Toyota Industries Management (China) Co., Ltd.

Shanghai

Logistics-related services for China-based companies

100.0

Toyota Textile Machinery (Shanghai) Co., Ltd.

ShanghaiInstallation and servicing of textile machinery

100.0

Jelcz-Laskowice

Production of diesel engines

40.0

BrazilMexicoAutomobile
China
Logistics

China

Textile Machinery Chinan Affiliates Accounted for by the Equity Method
Automobile

PolandToyota Motor Industries Poland Sp. z o.o.

83Business Activities

Corporate Social
Responsibility

Environmental Initiatives

Financial Section /Corporate Information

Major Production Bases/
Investor Information

Major Production Bases

Investor Information(As of March 31, 2014)

n Major Plants (Parent Company)
Plant

Location

Main Products

Start of Operations

Kariya Plant

Kariya-shi, Aichi

Textile machinery, compressors

1927

Obu PlantObu-shi, Aichi

Parts for compressors

1944

Kyowa Plant

Obu-shi, Aichi

Electronic equipment, automotive press dies, production facilities, engine parts

1953

Nagakusa Plant

Obu-shi, Aichi

Vehicles1967(As of March 31, 2014)

Corporate Head Office

Stock Exchange Listings

TOYOTA INDUSTRIES CORPORATION
2-1, Toyoda-cho, Kariya-shi, Aichi, 448-8671, Japan
Telephone: +81-(0)566-22-2511
Facsimile: +81-(0)566-27-5650

Tokyo and Nagoya (Ticker Code: 6201)

Number of Shareholders
16,799Takahama Plant

Takahama-shi, Aichi

Materials handling equipment, materials handling systems

1970

Date of Establishment

Independent Accountant

Hekinan Plant

Hekinan-shi, Aichi

Diesel engines, gasoline engines

1982

November 18, 1926

Higashichita Plant

Handa-shi, Aichi

Foundry parts, diesel engines

2000

Higashiura Plant

Higashiura-cho, Chita-gun, Aichi Parts for compressors

2002

Common Stock

PricewaterhouseCoopers Aarata
Sumitomo Fudosan Shiodome Hamarikyu Bldg.
8-21-1 Ginza, Chuo-ku, Tokyo, 104-0061, Japan

Anjo Plant

Anjo-shi, Aichi

2007

No par value
Authorized: 1,100,000,000 shares
Issued:325,840,640 shares

Transfer Agent
Special Account Management Institution

Capital Stock

Mitsubishi UFJ Trust and Banking Corporation
1-4-5, Marunouchi, Chiyoda-ku, Tokyo, 100-8212, Japan

Electronic equipmentn Major Plants (Outside Japan)

80,462 million yen

Major Shareholders (Top 10)
Number of Shares Held(Thousands)

Percentage of Total
Shares in Issue (%)

Toyota Motor Corporation

76,60023.51

DENSO Corporation

29,647

9.10

Towa Real Estate Co., Ltd.

15,697

4.82

Toyota Tsusho Corporation

15,294

4.69

The Master Trust Bank of Japan, Ltd. (Trust Account)

9,801

3.01

Nippon Life Insurance Company

6,657

2.04

Aisin Seiki Co., Ltd.

6,578

2.02

Name

5
■
8■
9
■
7
■
6
■

10
■

2
3 ■
■
1
■
4
■

11 ■
12
■
13
■

14
■
15
■

Japan Trustee Services Bank, Ltd. (Trust Account)

5,355

1.64

Toyota Industries Corporation Employee Ownership Program

4,586

1.41

State Street Bank Client Omnibus OM04

4,236

1.30

174,456

53.54

Total

Company Name

84

Country

Location

Main Products

Year of Foundation1

Toyota Industrial Equipment Mfg., Inc.

U.S.A.

Columbus, Indiana

Materials handling equipment

1988

2

The Raymond Corporation

U.S.A.

Greene, New York

Materials handling equipment

1922

3

Michigan Automotive Compressor, Inc.

U.S.A.

Parma, Michigan

Compressors

1989

4

TD Automotive Compressor Georgia, LLC

U.S.A.

Pendergrass, Georgia

Compressors

2004

5

BT Products AB

SwedenMjölbyMaterials handling equipment

1946

6

CESAB Carrelli Elevatori S.p.A.

Italy

Bologna

Materials handling equipment

1942

7

Toyota Industrial Equipment, S.A.

FranceAncenisMaterials handling equipment

1995

8

TD Deutsche Klimakompressor GmbHGermany

Bernsdorf

Compressors

1998

9

Toyota Motor Industries Poland Sp. z o.o.

PolandJelcz-Laskowice

Diesel engines

2002

10 Kirloskar Toyota Textile Machinery Pvt. Ltd.

India

Bangalore

Automotive parts, textile machinery

1995

11 Toyota Industry (Kunshan) Co., Ltd.

China

Kunshan, Jiangsu

Automotive parts, materials handling equipment, etc.

1994

12 TD Automotive Compressor Kunshan Co., Ltd.

China

Kunshan, Jiangsu

Compressors

2005

13 Yantai Shougang TD Automotive Compressor Co., Ltd. China

Yantai, Shandong

Compressors

2012

14 P.T. TD Automotive Compressor Indonesia

Indonesia

BekasiCompressors

2011

Toyota Material Handling Mercosur Indústria e
15
Comércio de Equipamentos Ltda

BrazilSão Paulo

Materials handling equipment

2004

Toyota Industries Report 2014

Notes: 1.	Toyota Industries Corporation also holds 12,109 thousand shares of treasury stock but is excluded from the above list.
2. Shares held for the purpose of trust services of respective banks are as follows:		 The Master Trust Bank of Japan, Ltd. (Trust Account)
9,801 (Thousands)
		 Japan Trustee Services Bank, Ltd. (Trust Account)
5,355 (Thousands)

Distribution of Shares
0.6%
3.7%
7.1%
Japanese corporate entities

16.5%

Foreign corporate entities and others

48.2%

Japanese financial institutions
Individuals, etc.
Treasury stock

23.9%

Japanese brokerages

85