Growth of Toyota Industries

2000–

For 90 years since our founding, we have always strived to be studious and creative and thereby have achieved
business growth. We will continue to focus on offering products and services that meet customer needs in our[Strengthening Businesses Utilizing
Strategic M&A]

Primarily in the Materials Handling Equipment Business, which grew
to become one of our core businesses, we have pushed forward withexpanding the value chain and making advances for global businessdevelopment through such measures as strategic M&A, thereby
continuing our efforts to further strengthen our businesses.

unwavering efforts to be of help to people around the world.

[Significant advances toward Becoming–
1988 a Global Company]

1953–
1926–

[Diversification and Expansion of Businesses]

We began production of engines and assembly of vehicles in 1953 andproduction of lift trucks in 1956 in our efforts to diversify our businesses,
followed by production of car air-conditioning compressors in 1960. We
continued to engage in research and development to nurture new
businesses and build the foundation for future growth.

[The Beginning]

After putting a lot of effort into research and trials, Sakichi Toyoda finallyinvented and completed the Type G automatic loom. Toyoda Automatic
Loom Works, Ltd. (now Toyota Industries Corporation) was established tomanufacture the loom in 1926. Carrying on his spirit of being studious andcreative, we embarked on a path to undertake the development andproduction of Japanese-made spinning machinery and automobiles.

Overview of TIEM

S-type gasoline engine assembly line

Company head office at the time of establishment

FY1941

Automobile

Type G automatic loom

Materials Handling Equipment

FY1961

Net sales

Net sales¥7¥11.2millionbillion

Lift truck assembly line (circa 1958)

1953 • Starts production of S-type gasoline engines• Starts assembly of automobiles
1956 • Starts production of lift trucks
1960 • Starts production of car air-conditioning compressors
1967 • Nagakusa Plant starts operations to produce small commercialvehicles
1970 • Takahama Plant starts operations to produce materials handlingequipment
1982 • Hekinan Plant starts operations to produce engines
1986 • Awarded Deming Application Prize for quality control implementation

1926 • Toyoda Automatic Loom Works, Ltd. established1935 • Prototype of Model A1 passenger car completed
1937 • Automobile Department separates and becomes Toyota Motor Co.,
Ltd. (now Toyota Motor Corporation)
1940 • Steel Production Department separates and becomes Toyoda SteelWorks, Ltd. (now Aichi Steel Corporation)

Textile Machinery

Amid an expansion in demand for lift trucks in North America andgiving consideration to trade frictions and impacts from fluctuations in
exchange rates, we established a manufacturing company for lift
trucks in the U.S. state of Indiana in 1988. This move wassubsequently followed by global production of car air-conditioning
compressors, foundry parts and textile machinery, and Toyota
Industries made great strides toward becoming a global company.

Logistics

Ceremony to celebrate the firstcompressor coming off the production
line at MACI1988 • Toyota Industrial Equipment Manufacturing, Inc. (TIEM)
established in Indiana, U.S.A., to produce lift trucks
1989 • Michigan Automotive Compressor, Inc. (MACI) established inMichigan, U.S.A., to produce car air-conditioning
compressors
1994 • Toyota Industry (Kunshan) Co., Ltd. (TIK) established inKunshan, Jiangsu Province, China, to produce foundry parts
1995 • T oyota Industrial Equipment, S.A. (now Toyota MaterialHandling Manufacturing France SAS) established in France toproduce lift trucks•K irloskar Toyoda Textile Machinery Pvt. Ltd. (KTTM)
established in India as a joint venture with the Kirloskar Groupto produce textile machinery1998 • T
 D Deutsche Klimakompressor GmbH (TDDK) established inGermany to produce car air-conditioning compressors

Overview of YST

BT Industries AB’s
warehouse truck

2000 • Acquires BT Industries AB (now Toyota Material Handling
Manufacturing Sweden AB), a Sweden-based manufacturerof warehouse trucks
2001 • Takes over the industrial equipment sales division of Toyota
Motor Corporation (TMC)
2004 • TD Automotive Compressor Georgia, LLC (TACG) establishedin Georgia, U.S.A., to produce car air-conditioningcompressors
2005 • TD Automotive Compressor Kunshan Co., Ltd. (TACK)
established in Kunshan, Jiangsu Province, China, to produce
car air-conditioning compressors
2011 • P.T. TD Automotive Compressor Indonesia (TACI) establishedin Indonesia to produce car air-conditioning compressors
2012 • Acquires Uster Technologies AG, a Switzerland-basedmanufacturer of yarn quality measurement instruments• Yantai Shougang TD Automotive Compressor Co., Ltd. (YST)
established in Yantai, Shandong Province, China, to produce
car air-conditioning compressors
2013 • Acquires Cascade Corporation, a U.S.-based manufacturerof attachments for materials handling equipment• Toyota Material Handling Mercosur Indústria e Comércio deEquipamentos Ltda in Brazil starts production of lift trucks
2015 • Acquires the lift truck business of Taiwan-based Tailift Co.,
Ltd. and makes it into a subsidiary• Acquires the materials handling equipment business of a U.S.
finance subsidiary of TMC and makes it into a subsidiary• Sells stakes in Asahi Security Co., Ltd. and Wanbishi
Archives Co., Ltd. as part of “concentration and selection” ofbusinesses

Others

FY2001

FY1981

Net sales

Net sales¥767.3¥208.4billionbillion4

FY2016
Net sales¥2,228.9
billion5