Toyota Industries Report 2013

Financial Section / Corporate Informationn Financial SectionP

74− 82

Consolidated Eleven-Year SummaryP74− 75

Consolidated Balance SheetsP76− 77

Consolidated Statements of Income

P

78

Consolidated Statements of Comprehensive Income

P

79

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

80− 8183− 87
P

P

82

83

84− 85Major Production Bases

P

86

Investor Information

P

87

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

73

Consolidated Eleven-Year Summary

Toyota Industries Corporation
Years ended March 31
Millions of yen

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

¥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¥1,069,218

For The YearNet sales
Operating income (loss)

77,09870,092

68,79822,002(6,621)

96,853

89,95464,04053,12052,63152,477

Ordinary income

86,83680,86673,911

31,756

14,343

126,488

108,484

80,63570,91258,97051,375

Net income (loss)

53,11958,59447,205(26,273)(32,767)

80,46059,46847,07743,35733,623

21,93389,459¥58,404

26,963¥ 104,495¥ 104,205¥ 129,023¥130,121¥111,321¥65,651¥69,607

Depreciation

57,954

59,83062,372

73,23887,21983,74474,44964,423

51,27749,26445,939Research and development expenses

39,05732,07027,78826,826

33,64636,75034,54831,16630,051

29,562

29,705170.36¥188.02(84.33)¥ (105.16)

170.35————257.43189.66146.02135.03101.9762.90

Total net assets per share

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

2,522.52

Cash dividends per share

55.00

50.00

50.00

30.00

40.00

60.00

50.00

38.00

32.00

24.00

22.00

Total assets¥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¥1,650,391

Investment in tangible assets¥¥

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

151.51¥¥

257.50¥

189.88¥

146.16¥

135.09¥108.04¥

70.19

At Year-End
Total net assets

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

738,867

Common stock

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

68,046

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

312,207311,687

311,564

311,570

311,577

311,589

312,075

319,320

318,237

317,666

292,777¥ 151,299¥101,718¥ 153,661¥ 203,452

65,768¥ 188,805¥ 177,467¥ 131,784¥ 100,095

92,406¥ 103,183(274,210)(9,403)(187,574)(36,855)(114,217)(138,789)(164,446)(205,013)(128,230)(92,667)(95,120)

Cash FlowsNet cash provided by operating activities
Net cash used in investing activities
Net cash provided by (used in) financing activities

¥

7,050

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

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

85,17250,020(56,015)

57,775

179,359

296,811

195,566

317,590

188,011

121,284

108,569

112,596

100,535

77,212

136,929

4.1

5.4

4.5

(2.6)

(2.8)

5.1

3.5

3.5

4.1

3.8

2.7

Indices
Return on equity (ROE) (%)

1.8

2.3

1.9

(1.1)

(1.2)

2.5

1.7

1.7

2.0

1.8

1.3

4.8

4.5

4.6

1.6

(0.4)

4.8

4.8

4.3

4.3

4.5

4.9

Equity ratio (%)

45.4

43.0

41.4

40.8

40.0

47.1

48.8

49.7

48.0

50.5

44.8

¥ 155,234¥161,876¥ 150,481

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

47,41243,51640,82539,91639,52836,09632,97730,99027,431

EBITDA (millions of yen)
Number of employees
1. Net income (loss) per share is computed based on the average number of shares for each year.
2. 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.
3. Operating profit margin = Operating income (loss) / Net sales
4. Equity ratio = (Total net assets – Subscription rights to shares – Minority interests) / Total assets
5. EBITDA = Income before income taxes + Interest expenses – Interest and dividends income + Depreciation and amortization74

Toyota Industries Report 2013¥90,521
38,903¥¥

95,47225,030Consolidated Eleven-Year Summary

Return on assets (ROA) (%)
Operating profit margin (%)

Financial Section /Corporate Information

Cash and cash equivalents at end of year¥75Consolidated Balance Sheets

Toyota Industries Corporation
As of March 31, 2013 and 2012
Millions of yen

2013

Millions of yen

2012

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 accounts

780,517769,356

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

365,308(226,436)
138,871864,534(646,319)
218,214
135,525(105,024)
30,500118,244
43,982354,136(212,723)
141,412790,804(610,658)
180,146
116,495(92,047)
24,448
116,526
18,519		Total property, plant and equipment

549,814481,053

Intangible assets:
		Goodwill
		Other intangible assets

122,003
46,04568,82437,952

		Total intangible assets

168,049

106,777

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

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

1,177,591
10,75876,56635,034(152)

		Total investments and other assets
Total fixed assets
Total assets

1,745,398
2,463,262
 ¥3,243,779

1,299,798
1,887,628¥2,656,984

Toyota Industries Report 2013¥180,146
183,920
30,2244,499
44,851
17,623
15,9582,923
570
178,378¥168,465
110,212
12,897
54,10537,61918,16912,5103525
165,018

Total current liabilities

659,095

579,527

Long-term liabilities:
Bonds payable
Long-term loans payable
Lease obligations
Deferred tax liabilities
Allowance for retirement benefits
Other long-term liabilities

213,584
236,318
101,883
440,356
52,77914,829187,238
249,183
85,754297,304
48,973
11,160Total long-term liabilities
Total liabilities

1,059,750
1,718,846

879,615
1,459,142

80,46280,462

105,898
492,578(48,405)

106,128455,042(50,266)

630,534

591,367

830,054(237)
13,163565,007(131)(14,763)

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

550,1122,310
54,051
1,197,841¥2,656,984

Net Assets
Shareholders’ equity:
Capital stock
		Authorized — 1,100,000,000 shares
		 Issued— 325,840,640 shares as of March 31, 2013				 325,840,640 shares as of March 31, 2012
Capital surplus
Retained earnings
Treasury stock		 13,632,854 shares as of March 31, 2013		 14,153,619 shares as of March 31, 2012
Total shareholders’ equity
Accumulated other comprehensive income:
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Total accumulated other comprehensive income
Subscription rights to shares
Minority interests
Total net assets
Total liabilities and net assets

Consolidated Balance Sheets¥ 230,348
49,981
215,799
41,96433,047
66,67035,08840,762
23,83646,222(3,204)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

Financial Section /Corporate Information

76

2012

Liabilities¥223,854
50,856
195,391
36,57092,24948,18333,72734,536
20,36836,358(2,740)Total current assets

2013

77

Consolidated Statements of Income

Consolidated Statements of Comprehensive Income

Toyota Industries Corporation
For the years ended March 31, 2013 and 2012

Toyota Industries Corporation
For the years ended March 31, 2013 and 2012
Millions of yen

Millions of yen

2013

2012

¥1,615,244
1,347,238
268,006¥1,543,352
1,301,617
241,734¥  170.36
170.35
4,719.66
55.00

10,00368,176
1,977
5,951
25,34860,184
171,641
70,092

9,071
21,084
784
825
5,277
37,043

9,070
17,933
1,159
—
6,545
34,70914,508
1,006—
11,78927,304
86,836

16,046
1,035
490
6,363
23,93680,866

—
—

4,599
4,599

6,710
6,710
80,12627,345(493)
26,851
53,275155¥53,119——
85,46523,382
1,311
24,69360,771
2,177¥58,594

Yen

78

Toyota Industries Report 2013¥  188.02—
3,662.26
50.00

2012

¥ 53,275¥60,771

265,277

76,752

(106)

(177)

30,444(6,820)

392

(216)

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

296,008

69,537349,283

130,308

345,988

128,457

3,295

1,850

Profit attributable to:
Owners of the parent
Minority interests

Consolidated Statements of Income/Consolidated Statements of Comprehensive Income

Net income per share—basic
Net income per share—diluted
Net assets per share
Cash dividends per share

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

Income before minority interests

2013

Financial Section /Corporate Information

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
Equity in net losses of affiliated companies
Other non-operating expenses
Total non-operating expenses
Ordinary income
Extraordinary income:Gain on step acquisitions
Total extraordinary 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 income79Consolidated Statements of Changes in Net Assets

Toyota Industries Corporation
For the years ended March 31, 2013 and 2012
Millions of yen

2013

Millions of yen

Balance at the end of current period¥80,462

80,46280,462

		 Total changes of items during the period
Balance at the end of current period(131)(14,763)(8,075)

Net changes of items other than shareholders’ equity

27,927(6,688)

Total changes of items during the period

27,927(6,688)

13,163(14,763)

550,112480,248

Net changes of items other than shareholders’ equity

292,868

69,863

Total changes of items during the period

292,868

69,863842,980

550,112

2,310

2,132
178

Balance at the beginning of current period

(230)

(50)

Changes of items during the period

105,898

106,128455,042

412,029

Balance at the end of current period
Total accumulated other comprehensive income(15,584)(15,581)

Balance at the beginning of current period
Changes of items during the period

53,11958,59437,53543,013

Balance at the end of current period

492,578455,042

Treasury stock

Balance at the end of current period(50,266)(50,703)

(109)

(5)

Changes of items during the period

Subscription rights to shares
Balance at the beginning of current period
Changes of items during the period

1,971

441

Net changes of items other than shareholders’ equity

(832)

1,861

436

Total changes of items during the period

(832)

178

Balance at the end of current period(48,405)(50,266)

1,478

2,310

591,367

547,968

54,05145,589Balance at the beginning of current period

Balance at the end of current period
Minority interests

Changes of items during the period

Balance at the beginning of current period
Changes of items during the period(15,584)(15,581)

Net changes of items other than shareholders’ equity(4,111)

8,461

		
Net income

53,11958,594

Total changes of items during the period(4,111)

8,461

49,93954,051

1,197,841

1,075,939

Dividends from surplus(15,584)(15,581)Net income

53,11958,594

		 Repurchase of treasury stock

(109)

(5)

		 Disposal of treasury stock

1,741

391

		 Total changes of items during the period

39,16643,399Balance at the beginning of current period

Balance at the end of current period

630,534

591,367

Changes of items during the period

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Balance at the beginning of current period

565,007488,277

Changes of items during the period

Balance at the end of current period
Total net assets

Repurchase of treasury stock

(109)

(5)

Disposal of treasury stock

1,741

391

		 Net changes of items other than shareholders’ equity

265,047

76,729Net changes of items other than shareholders’ equity

287,924

78,503

		 Total changes of items during the period

265,047

76,729Total changes of items during the period

327,091

121,902

Balance at the end of current period

830,054565,007¥1,524,933¥1,197,841

Toyota Industries Report 2013

Balance at the end of current period

Consolidated Statements of Changes in Net Assets

		 Dividends from surplus

Financial Section /Corporate Information

		 Disposal of treasury stock		 Total changes of items during the period
Total shareholders’ equity

80

(177)

(237)

Balance at the end of current period
Foreign currency translation adjustment

		
Net income

		 Repurchase of treasury stock

(177)

(106)

(50)

		 Total changes of items during the period

Balance at the beginning of current period(106)

Total changes of items during the period(230)

Changes of items during the period
		 Dividends from surplus

Net changes of items other than shareholders’ equity

106,179

Retained earnings
Balance at the beginning of current period¥46

Changes of items during the period

106,128

Changes of items during the period
		 Disposal of treasury stock¥(131)

Balance at the beginning of current period¥80,462

Capital surplus
Balance at the beginning of current period

2012

Deferred gains or losses on hedges

Capital stock
Balance at the beginning of current period

2013

2012

Shareholders’ equity

81Consolidated Statements of Cash Flows

Board of Directors, Audit & Supervisory Board
Members and Managing Officers(As of June 13, 2013)

Board of Directors

Toyota Industries Corporation
For the years ended March 31, 2013 and 2012
Millions of yen

Toyota Industries Report 2013

¥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¥85,465
87,368—(159)(27,004)
16,046490(47,043)(13,897)
25,307(5,357)
121,216
26,992(15,940)(30,549)
101,718(112,430)
8,137(14,679)987(68,503)
(505)
—
(13)
275
(64,435)(23,043)(274,210)(76,638)
8,408(1,924)
1,720(5,568)
—
1,228
(27)
374
70,161(7,137)(9,403)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

27,63650,482(49,342)
35,604(30,761)(5)(15,581)
(478)
1,220
(8,495)
10,279(1,348)101,244
195,566¥ 296,811

ChairmanVice Chairman

President

Tetsuro Toyoda

Kazunori Yoshida

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

Masafumi KatoToshifumi Onishi
Takaki Ogawa

Kan Otsuka
Fujio Cho

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

Shigetaka Yoshida
Kakuo Ishikawa

Audit & Supervisory Board Members

Katsuaki Watanabe
Toshio Mita
Hans-Juergen MarxManaging Officers
Senior Managing Officers

Kohei Nozaki
Taku Yamamoto
Keiichi Fukunaga
Hiroaki Asai
Hirooki Fujiwara

Managing Officers

Yukihisa Tsuchimoto
Takashi Ito
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

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

82

2012

Financial Section /Corporate Information

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
Payments for sales 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
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

2013

83

Major Consolidated Subsidiaries(As of March 31, 2013)*Including indirect investment

Segment

Company Name

Location

Ownership
Ratio* (%)

Business Activities

Japan

Materials
Handling
Equipment

Automobile

Logistics

Ownership
Ratio* (%)

EuropeBT 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

LatviaToyota Material Handling Baltic SIA.

Riga

Sales and servicing of materials handling equipment

100.0

Unica Co., Ltd.

Kiyosu-shi, Aichi

Production of in-house transporters

100.0

PolandToyota Material Handling Polska Sp. z o.o.

Pruszków

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

Denmark

Toyota Material Handling Danmark A/SSlangerup

Sales and servicing of materials handling equipment

100.0

Tokaiseiki Co., Ltd.

Iwata-shi, Shizuoka

Production of compressor and engine parts

100.0

U.K.

Toyota Material Handling UK Limited

Slough, Berkshire

Sales and servicing of materials handling equipment

100.0

Altex Co., Ltd.

Hamamatsu-shi, Shizuoka

Production of compressor parts

100.0

Germany

Toyota Material Handling Deutschland GmbH

Langenhagen

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

Toyota Industrial Equipment, S.A.

AncenisProduction of materials handling equipment

100.0

Nagao Kogyo Co., Ltd.

Nagoya-shi, Aichi

Production of compressor, materials handling equipment and weaving machinery parts

100.0

Toyota Material Handling France SAS

Marne La ValléeSales 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

Toyota Material Handling Europe Brussels NV/SA Brussels

Sales and marketing of materials handling equipment

100.0

Iwama Loom Works, Ltd.

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

100.0

Toyota Material Handling Belgium NV/SA

Wilrijk

Sales and servicing of materials handling equipment

100.0

Tokyu Co., Ltd.

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

100.0

Netherlands

Toyota Material Handling Nederland B.V.

Ede

Sales and servicing of materials handling equipment

100.0

KTL Co., Ltd.

Koto-ku, TokyoManagement and operation of distribution centers

50.5

Spain

Toyota Material Handling España, S.A.

Barberá del VallésSales and servicing of materials handling equipment

100.0

Wanbishi Archives Co., Ltd.

Minato-ku, Tokyo

Data storage, management, collection and delivery services

100.0

Austria

Toyota Material Handling Austria GmbH

Wiener Neudorf

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

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

Rudna

Sales and servicing of materials handling equipment

100.0

Advanced Logistics Solutions Co., Ltd.

Obu-shi, Aichi

Planning, design and operation of distribution centers

100.0

Slovakia

Toyota Material Handling Slovensko s.r.o.

Bratislava

Sales and servicing of materials handling equipment

100.0

Taikoh Transportation Co., Ltd.

Kariya-shi, Aichi

Land transportation services

53.1

Hungary

Toyota Material Handling Hungary Kft.

Budapest

Sales and servicing of materials handling equipment

100.0

Ikeda-cho, Ibi-gun, Gifu

Production of textile machinery and materials handling equipment parts

100.0

Romania

Toyota Material Handling Romania s.r.l.

Bucharest

Sales and servicing of materials handling equipment

100.0

Chiyoda-ku, Tokyo

Production of motors and inverters for industrial machinery

60.0

Switzerland

Toyota Material Handling Schweiz AG

ZürichSales and servicing of materials handling equipment

50.0

SKM Corporation

Kariya-shi, Aichi

Total construction management, security management, civil engineering/construction design work andreal estate management

100.0

CESAB Carrelli Elevatori S.p.A.

Bologna

Production of materials handling equipment

100.0

Sun Staff, Inc.

Kariya-shi, Aichi

Personnel placement, contract office staffing

100.0

Sun Valley Inc.

Kariya-shi, Aichi

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

100.0

Shine’s Co., Ltd.

Kariya-shi, Aichi

Management and operation of employee clubs

100.0

Toyota 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

100.0

SwedenMaterials
Handling
Equipment

Company Name

Location

Business Activities

Ownership
Ratio* (%)

U.S.A.

Italy

Automobile

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

Germany

TD Deutsche Klimakompressor GmbH

Bernsdorf

Production of compressors

65.0

Toyota Textile Machinery Europe, AG

Uster

Sales and servicing of textile machinery

100.0

Textile Machinery Switzerland
OthersUster 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

Raymond Manufacturing (Dalian) Co., Ltd.

Dalian, Liaoning

Production of materials handling equipment

100.0

Toyota Material Handling (Shanghai) Co., Ltd.

Shanghai

Sales of materials handling equipment

75.0

OthersMaterials
Handling
Equipment

China

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

BrazilToyota Material Handling Mercosur Indústria eSão Paulo
Comércio de Equipamentos Ltda

Sales and servicing of materials handling equipment

100.0

North Vernon Industry Corp.

North Vernon, Indiana

Production of materials handling equipment parts

100.0

India

Kirloskar Toyota Textile Machinery Pvt. Ltd.

Bangalore

Production of textile machinery and automotive parts

95.1

Raymond-Muscatine Inc.

Muscatine, Iowa

Production of materials handling equipment

100.0

Indonesia

P.T. TD Automotive Compressor Indonesia

Bekasi

Production of compressors

50.1

The Raymond Corporation

Greene, New York

Production of materials handling equipment

100.0

Toyota Industry (Kunshan) Co., Ltd.

Kunshan, Jiangsu

Production of automotive parts and materials handling equipment, etc.

63.7

Toyota Industrial Equipment Mfg., Inc.

Columbus, Indiana

Production of materials handling equipment

100.0

TD Automotive Compressor Kunshan Co., Ltd.

Kunshan, Jiangsu

Production of compressors

59.5

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.

Irvine, California

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

TD Automotive Compressor Georgia, LLC

Pendergrass, Georgia

Production of compressors

77.4

Production of compressor parts

100.0

Toyoda Textile Machinery, Inc.

Charlotte, North Carolina Sales and servicing of textile machinery

100.0

OthersToyota Industries North America, Inc.

Columbus, Indiana

100.0

Holding company in the U.S.A.

Automobile

China
Logistics
Textile Machinery

60.0

Textile Machinery U.S.A.

Toyota Industries Report 2013

Toyota Material Handling Italia S.r.l.

GreeceCascade Corporation

Toyota Industries Compressor Parts America, Co. Pendergrass, Georgia
U.S.A.

Belgium

China

Toyota Industries Trading & Logistics (China) Co.,
Shanghai
Ltd.

Import/export, Chinese domestic distribution, operation of distribution centers

100.0

China

Toyota Textile Machinery (Shanghai) Co., Ltd.

ShanghaiInstallation and servicing of textile machinery

100.0

BrazilToyota Máquinas Têxteis Brasil Ltda

São Paulo

Sales and servicing of textile machinery

100.0

n Affiliates Accounted for by the Equity Method
Materials
Handling
Equipment

Japan

TOYOTA L&F Kinki Co., Ltd.

Osaka-shi, Osaka

Sales and servicing of materials handling equipment

33.8

Automobile

PolandToyota Motor Industries Poland Sp. z o.o.

Jelcz-Laskowice

Production of diesel engines

40.0

Major Consolidated Subsidiaries

U.S.A.

FranceFinancial Section /Corporate Information

Country

Canada84

Business Activities

100.0

North America

Automobile

Location

Sales and servicing of materials handling equipment*Including indirect investment

Materials
Handling
Equipment

Company Name

Akita-shi, Akita

ELETT Corporation

Segment

Country

TOYOTA L&F Akita Co., Ltd.

Textile Machinery Hara Corporation

Others*Including indirect investment

Segment85

Major Production Bases

Investor Information(As of March 31, 2013)

n Major Plants (Parent Company)
Plant

Location

Main Products

Start of Operations(As of March 31, 2013)

Corporate Head Office

Stock Exchange Listings

TOYOTA INDUSTRIES CORPORATIONTokyo, Osaka and Nagoya (Ticker Code: 6201)

Kariya Plant

Kariya-shi, Aichi

Textile machinery, compressors

1927

2-1, Toyoda-cho, Kariya-shi, Aichi, 448-8671, Japan

Obu PlantObu-shi, Aichi

Parts for compressors

1944

Telephone: +81-(0)566-22-2511

Number of Shareholders

Kyowa Plant

Obu-shi, Aichi

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

1953

Nagakusa Plant

Obu-shi, Aichi

Vehicles1967

Facsimile: +81-(0)566-27-5650

20,275

Date of Establishment

Independent Accountant

November 18, 1926

PricewaterhouseCoopers Aarata

Takahama Plant

Takahama-shi, Aichi

Materials handling equipment, materials handling systems

1970

Hekinan Plant

Hekinan-shi, Aichi

Diesel engines, gasoline engines

1982

Higashichita Plant

Handa-shi, Aichi

Foundry parts, diesel engines

2000

Higashiura Plant

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

2002

Anjo Plant

Anjo-shi, Aichi

2007

Electronic equipment

Sumitomo Fudosan Shiodome Hamarikyu Bldg.

Common Stock

8-21-1 Ginza, Chuo-ku, Tokyo, 104-0061, Japan

No par value

Transfer Agent
Special Account Management Institution

Authorized: 1,100,000,000 shares
Issued:325,840,640 shares

Mitsubishi UFJ Trust and Banking Corporationn Major Plants (Outside Japan)

Capital Stock

1-4-5, Marunouchi, Chiyoda-ku, Tokyo, 100-8212, 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)

9,677

2.97

Name

5
■
8■
9
■
7
■
6
■

2
3 ■
■
1
■
4
■

11 ■
12
■
10
■
13
■

Nippon Life Insurance Company

6,735

2.07

Aisin Seiki Co., Ltd.

6,578

2.02

Japan Trustee Services Bank, Ltd. (Trust Account)

6,352

1.95

Toyota Industries Corporation Employee Ownership Program

5,416

1.66

State Street Bank Client Omnibus OM04

Company NameCountry

Location

Main Products

Year of Foundation

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 P.T. TD Automotive Compressor Indonesia

Indonesia

BekasiCompressors

2011

1.29
54.07

Notes: 1.	Toyota Industries Corporation also holds 13,632 thousand shares of treasury stock but is excluded fromthe 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)
9,677 (Thousands)
		 Japan Trustee Services Bank, Ltd. (Trust Account)
6,352 (Thousands)

Distribution of Shares
0.4%
4.2%
8.4%

Japanese corporate entities
Foreign corporate entities and others

17.0%

48.2%

Japanese financial institutions

Major Production Bases/
Investor Information

1

4,192
176,193

Financial Section /Corporate Information

Total

Individuals, etc.
Treasury stock

21.8%

86

Toyota Industries Report 2013

Japanese brokerages

87