At aGlance
Toyota Industries is active in a diverse
range of business domains. These extend
from the Textile Machinery Segment,a business we have carried out since
our founding, to such core businesses
as the Automobile Segment and theMaterials Handling Equipment Segment.
Our extensive portfolio of businesses
also includes the Logistics Segment,
which we expect will grow steadily inAutomobile Segment

Materials Handling
Equipment Segment

Business Overview

Business Overview

The Automobile Segment is Toyota Industries’
largest business segment and accounts for
49.6% of consolidated net sales. Within thissegment, the Vehicle Business manufactures
the Vitz (Yaris outside Japan) and RAV4(for Europe and North America), while
the Engine Business produces diesel andgasoline engines. The Car Air-Conditioning
Compressor Business develops andproduces swash-plate fixed-displacement
compressors, one-way swash-plate continuous
variable-displacement compressors andscroll-type compressors. Power electronics
devices for automobiles are also included inthis segment. In fiscal 2006, net sales of theAutomobile Segment were ¥746.8 billion andoperating income amounted to ¥20.1 billion.

The Materials Handling Equipment Segment’s
mainstay products are counterbalanced
lift trucks, warehouse trucks, aerial work
platforms, automated storage and retrieval
systems, and automatic guided vehicle
systems. This segment is mainly composed of
the Toyota Material Handling Group, which isa leading manufacturer of lift trucks, and Aichi
Corporation, which holds the top share of thedomestic market for aerial work platforms. In
fiscal 2006, net sales of the Materials Handling
Equipment Segment amounted to ¥595.2
billion. Operating income totaled ¥38.8 billion.

the future, in addition to the Others
Segment, which includes promising

Net Salesbusinesses that are still relatively small in(¥ Billion)(¥ Billion)

800

746.8

scale. Given these characteristics of ouroperations, Toyota Industries is essentially

Net Sales

603.9

600

616.2

800

a diversified company encompassing

400

400

a wide variety of businesses, each with

200

200

clearly defined core businesses. By
strategically and organically combining
key technologies and production
know-how cultivated in our numerous

595.2

600

443.4

0004

FY050604FY(¥ Billion)

businesses with our extensive customer8080bases, we aim to create new value

6060

27.5
20

22.8

20.1

2005

06

FY

Percentage of Net Sales
3.3% 3.3%
4.3%

38.8
19.3

26.1

00

Note: Segment net sales figures do not include
intersegment transactions. However,segment operating income (loss) figures doinclude operating income (loss) arising fromintersegment transactions.

06

40

40

value to exceed the simple sum of
individual businesses.

05

Operating Income

Operating Income(¥ Billion)

added that allows our overall corporate

504.0

04

FY

04

05

06

Main Products

Main Products• Passenger vehicles• Counterbalanced lift trucks• Diesel engines• Warehouse trucks• Gasoline engines• Aerial work platforms• Car air-conditioning compressors• Automated storage and retrieval
systems• Electronic components forautomobiles• Automatic guided vehicles, etc.

• Foundry parts for engines• Automotive stamping dies, etc.

49.6%

GENEO (8FG25)
Internal combustion
counterbalanced lifttruck

39.5%

Automobile Segment
Materials Handling Equipment Segment
Logistics Segment
Textile Machinery Segment
Others Segment

14Toyota Industries Corporation

Annual Report 2006

Vitz2AD(Yaris outside Japan)

Diesel engine

7SEU17Compressor

DC-DC converter

ReflexTZ-10A type “RR”

Reach truck

Truck mount aerial
work platform

Logistics Segment

Textile Machinery Segment

Others Segment

Business Overview

Business Overview

Business Overview

In fiscal 2006, the Logistics Segment wasestablished as a new segment, integrating
into a single segment the distribution-relatedbusinesses (Logistics Solutions Business andTransportation Business) previously included in
the Others Segment. Toyota Industries expects
that these businesses will grow to become
one of its core businesses in the future. Inparticular, the Logistics Solutions Business offersa unique business model that optimizes theoverall flow of goods, money and information
to comprehensively address customers’
logistics needs. In fiscal 2006, net sales of theLogistics Segment amounted to ¥65.1 billion.
Operating income was ¥1.6 billion.

The Textile Machinery Segment produces
and sells spinning and weaving machinery.
Spinning machinery includes the manufactureand sales of ring spinning frames, roving
frames and combing machines, while
weaving machinery involves the manufactureand sales of air-jet looms and water-jet looms
along with such preparatory machinery for
weaving as sizing machines and automatic
drawing-in machines. In fiscal 2006, net salesof the Textile Machinery Segment were ¥49.8billion. The segment posted an operating lossof ¥70 million.

The Others Segment consists mainly of newer
businesses that Toyota Industries has enteredrelatively recently and that are thus still smallin scale. At the core of this segment is TIBC
Corporation, a joint venture with Ibiden Co.,
Ltd. that produces semiconductor package
substrates. Although it is an equity-method
affiliate, we regard ST Liquid Crystal Display
Corp. (STLCD)*, a joint venture with Sony
Corporation that produces low-temperaturepolysilicon TFT-LCDs, as part of this segment.
In fiscal 2006, net sales of the Others Segment
amounted to ¥49.0 billion and operating
income was ¥3.7 billion.
* As STLCD is an affiliate and not a consolidated
subsidiary, its sales and operating income (loss) are
not included in the consolidated figures, but are
accounted for by the equity method.

Net Sales

Net Sales

Net Sales(¥ Billion)(¥ Billion)(¥ Billion)

80

80

80

65.1
60

60

60

46.0
40

40

20

20

43.9

49.8

06

FY200040506

Operating Income

Operating Income

49.04000
FYFY(¥ Billion)(¥ Billion)

868646424

1.600.1(0.1)
(0.8)

(2)

006

FYFY

0405040506

Operating Income(¥ Billion)

277.4

71.1

5.8

5.2
3.7

2006

FY

04

0506

Main Services

Main Products

Main Products• Transportation services• Ring spinning frames• Wire bonding package substrates• Logistics planning• Roving frames• Flip chip package substrates• Operation of distribution centers• Drawing frames• Total cash management
outsourcing, etc.

• Air-jet looms• Flexible printed circuit (FPC)
substrates• Low-temperature polysilicon
TFT-LCDs, etc.

• Water-jet looms• Sizing machines, etc.

Wire bonding
package substrate

Logistics solutions

RX240NEW

JAT710Ring spinning frame

Air-jet loom

FPC substrate

Low-temperaturepolysilicon TFT-LCDs

Toyota Industries Corporation

Annual Report 200615