Consolidated Balance Sheets
Toyota Industries Corporation
As of September 30 and March 31, 2003, and September 30, 2002 (unaudited)Thousands ofU.S. dollars (Note 1)

Millions of yen
September 30

March 31

September 30

September 30

2003

2003

2002

2003

ASSETS
Current assets:
Cash and cash equivalents (Note 2(3))
Trade notes and accounts receivable
Short-term investments (Notes 2(4) and 6)
Inventories (Note 2(5))¥72,886¥ 136,929¥

77,286$655,155

138,666

119,048

119,542

1,246,436

236

3,692

8,664

2,121

77,993

69,141

66,773701,061

Deferred tax assets

13,262

14,072

12,657

119,209

Other current assets

94,23430,92529,703

847,047

Less — allowance for doubtful accounts (Note 2(8))(2,233)(1,999)(1,791)(20,072)

395,044

371,808

312,834

3,550,957

Buildings and structures

121,769

118,449

112,762

1,094,553

Machinery, equipment and vehicles

162,247

157,733

153,882

1,458,400

Tools, furniture and fixtures

16,05516,007

15,540144,315

Land

66,431

56,25554,161

597,133

Construction in progress

15,352

13,74915,875

137,995

Total property, plant and equipment

381,854362,193352,220

3,432,396

Software

10,340

9,195

7,597

92,944

Goodwill

91,026

87,57886,419818,211

Total intangible assets

101,366

96,773

94,016911,155

Investments in securities (Notes 2(4) and 6)

948,368

745,909858,6128,524,656

Unconsolidated subsidiaries and affiliated companies

15,736

16,431

17,725

141,447

Long-term loans

9,905

10,522

10,20689,034Long-term prepaid expenses

13,85915,082

14,507

124,575

Deferred tax assets

3,481

2,863

2,826

31,290

Other investments and other assets31,588

29,05729,581

283,937

(226)

(247)

(232)

(2,031)

Total current assets
Fixed assets:
Property, plant and equipment (Note 2(6)):

Intangible assets (Note2(7)):

Investments and other assets:

Less — allowance for doubtful accounts (Note 2(8))

Total investments and other assets
Total fixed assets
Total assets
The accompanying notes are an integral part of these financial statements.

10TOYOTA INDUSTRIES CORPORATIONSEMIANNUAL REPORT 2004

1,022,711

819,617933,225

9,192,908

1,505,931

1,278,583

1,379,461

13,536,459¥1,900,975¥1,650,391¥1,692,295$17,087,416

Thousands ofU.S. dollars (Note 1)

Millions of yen
September 30

March 31

September 30

September 30

2003

2003

2002

2003

¥ 124,713¥ 117,424¥ 111,741$ 1,121,016

Short-term loans

94,59378,053

166,467

850,274

Commercial paper

30,000––269,663–

20,000––

LIABILITIES AND SHAREHOLDERS’ EQUITYCurrent liabilities:
Trade notes and accounts payable

Current portion of bonds–75,692––

Other payables

Current portion of convertible bonds

15,652

17,40619,181140,692

Accrued expenses

49,18342,02738,223442,094

Accrued income taxes

6,089

14,144

12,20854,733

Deposits received from employees

19,28819,234

19,039173,375

Deferred tax liabilities

1,912

1,192

964

17,187

Other current liabilities

10,889

8,193

9,370

97,878

Total current liabilities

352,319

393,365

377,193

3,166,912

Bonds

200,300

200,300–

1,800,449

Long-term debt

35,18836,577156,290316,297

Long-term liabilities:

Deferred tax liabilities

288,999

212,355

271,1122,597,744

Allowance for retirement benefits

34,00034,10032,664

305,618

Other long-term liabilities

16,571

10,833

9,325

148,953

Total long-term liabilities

575,058

494,165

469,391

5,169,061

Total liabilities

927,377

887,530

846,584

8,335,973

Minority interest in consolidated subsidiaries

33,732

23,993

22,697303,20980,46368,04768,047723,263

Capital surplus

105,742

89,36589,365

950,490

Retained earnings

282,049

269,381

264,180

2,535,272

Net unrealized gains on other securities (Notes 2(4) and 6)

447,192

331,668

392,5954,019,703

Translation adjustments

25,32016,89011,970227,596(900)(36,483)(3,143)(8,090)939,866

738,868

823,0148,448,234¥1,900,975¥1,650,391¥1,692,295$17,087,416

Shareholders’ equity:
Common stock:
Authorized — 1,091,245,000 shares
Issued—325,840,640 shares as of September 30, 2003
313,324,451 shares as of March 31, 2003
313,324,451 shares as of September 30, 2002

Treasury stock at cost —506,469 shares as of September 30, 2003
20,547,253 shares as of March 31, 2003
1,512,010 shares as of September 30, 2002

Total shareholders’ equity
Total liabilities and shareholders’ equity

TOYOTA INDUSTRIES CORPORATIONSEMIANNUAL REPORT 2004

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