Financial Highlights
Toyoda Automatic Loom Works, Ltd. and its consolidated subsidiaries
The six months ended September 30, 2000 and 1999

Thousands of
U.S. dollars

Millions of yen

2000

1999

% change

2000¥344,230
21,485
7,952
19,624
26,214
11,743¥291,187
11,712
4,933
19,396
27,051
10,892

18.2%
83.4
61.2
1.2
(3.1)
7.8

$3,187,313
198,932
73,633
181,704
242,725
108,732¥28.0725.29
8.00¥17.41
15.63
8.00

61.2
61.8
.–

¥1,781,882
873,349¥667,368
309,805167.0%
181.9

FOR THE SIX MONTHSNet sales
Operating income
Net income
Depreciation and amortization of intangibles
Capital expenditures
Research and development expenses
Per share of common stock (in yen or U.S.dollars):
Net income—primary
Net income—diluted
Cash dividends

$0.26
0.23
0.07

AT THE SIX MONTHS’ END
Total assets
Shareholders’ equity$16,498,904
8,086,567

Note: U.S. dollar amounts have been translated from yen, for convenience only, at the rate of ¥108.00 = U.S.$1, the exchange rate on September 30, 2000.

Net Sales

Net Income(¥ Billion)(¥ Billion)

800

15Total Assets

Shareholders’ Equity(¥ Billion)(¥ Billion)

2,000

1,000800
600

1,500
10600

400

1,000400
5200500
20000

FY 9900
First Half01

FY 990000

01

FY 9900

01

FY 9900

01

Year

씰Contents
To Our Shareholders ................................................................................1Topics ......................................................................................................4Management's Discussion and Analysis ...................................................6
Consolidated Balance Sheets...................................................................8
Consolidated Statements of Income.......................................................10
Consolidated Statements of Shareholders’ Equity ..................................11

Consolidated Statements of Cash Flows ................................................12Notes to Consolidated Financial Statements ..........................................13
Report of Independent Public Accountants ............................................16
Board of Directors and Corporate Auditors ............................................17
Subsidiaries and Affiliates .......................................................................17
Investor Information..................................................................Back Cover

Cautionary Statement with Respect to Forward-Looking Statements
This semiannual report contains forward-looking statements which are not based on already recorded events, such as plans, strategies, resolutions, and estimates regarding the futurebusiness performance of Toyoda Automatic Loom Works, Ltd. (TOYODA). These statements reflect the opinions of TOYODA’s management, which are based upon presently available
information. Therefore, readers should not place undue reliance on these projections. Actual business results are contingent upon a variety of risks and unknown factors that may significantly influence final results. Risks and unknown factors that may influence final results for TOYODA’s operations include, but are not limited to, the economic circumstances surrounding
TOYODA’s businesses, various competitive pressures, relevant laws and regulations, and changes in exchange rates.