Financial Results
For FY2021 1Q
July 31, 2020

I. Financial Summary
1. Points of financial results
2. Financial results for FY2021 1Q
3. Financial forecast for FY2021

1/11

Points of Financial Results
1. Net sales and profits for FY2021 1Q decreased
compared to previous fiscal year.

2. Decreases in net sales and profits are planned forfull year forecast.

3. Interim dividends planned at ¥70 per share,¥10 decrease compared to previous fiscal year.

2/11Performance <FY2021 1Q>(Billion yen)

FY20201Q

FY20211Q

ChangeNet sales

551.2

430.8(120.4)(21.8%)

Operating profit

31.6(6.4)(38.0)‐

Profit before income taxes

68.6

29.8(38.8)(56.5%)

Profit attributable toowners of the parent

53.7

24.0(29.7)(55.2%)¥173.08¥77.53(¥95.55)

‐

¥/US$

¥110

¥108(¥2)‐¥/Euro¥123¥118(¥5)‐

Earnings per share‐ Net sales and profits decreased in all segments, namely Automobile, Materials Handling
Equipment, Textile Machinery and Others.

3/11

Segment Information <FY2021 1Q>
Net sales [Operating profit](Billion yen)

FY20201Q

FY20211Q

22.9
31.1
86.5
19.1

16.3
19.3
45.7
13.2

(6.6)
(11.8)(40.8)(5.9)(28.5%)(37.8%)(47.1%)(30.7%)

159.7
[6.3]

94.7
[(22.9)](65.0)[(29.2)](40.7%)

Materials Handling
Equipment

361.6[23.1]

315.7[17.1](45.9)[(6.0)](12.7%)

Textile Machinery

15.0
[0.6]

8.0
[(1.0)](7.0)[(1.6)](46.4%)

Others

14.7
[1.6]

12.2
[0.2]

(2.5)
[(1.4)](17.3%)

Total

551.2
[31.6]

430.8[(6.4)](120.4)[(38.0)](21.8%)

VehicleEngineCar Air‐Conditioning
Compressor
Electronics parts,
Foundry and others

Automobile

ChangeUnit sales(Thousand units)
FY20201Q

FY2021
1Q

ChangeVehicle (RAV4)8359(24)

DieselGasoline

1001045477(46)(27)

Engine204131(73)Car Air‐Conditioning
Compressor

8,280

4,130(4,150)

Materials Handling
Equipment*

7661(15)

Air‐jet loom

1.6

1.1(0.5)

VehicleEngine:Net sales decreased by unit sales decrease of RAV4.
:Net sales decreased by unit sales decrease of such engines as GD diesel as well as A25A and M20A
gasoline engines.
Car Air-Conditioning Compressor : Net sales decreased by unit sales manly in North America and in Europe.
: Net sales decreased mainly by unit sales decrease of lift truck in each region
Materials Handling Equipment
4/11

Changes in Operating Profit
Year-on-year comparison (FY2020 1Q and FY2021 1Q)
Operating profit: ¥38.0 billion decrease (from ¥31.6 billion to (¥6.4 billion))

31.6+1.4
Decrease inlabor cost

+1.0
Cost
reduction+3.7（42.7）(Billion yen)

Decrease inexpensesand others（6.4）
FY 2020 1Q
Decreasein net sales

（1.0）

（0.4）

Negative
impact ofexchange rate
fluctuations

Increase indepreciation

FY 2021 1Q- Decrease in net sales and negative impact of exchange rate fluctuations
negatively affected on profit, offsetting decrease in labor cost and cost reduction
5/11

Performance <FY2021 1Q>(Billion yen)

FY20201Q

FY2021
1Q

ChangeInvestments intangible assets

23.6

25.7

2.1

8.8%

Depreciation

22.2

22.6

0.4

2.1%

‐ Investments in tangible assets in total increased, including increases in Engineand other businesses‐ Depreciation in total increased, including increases in Engine, Materials
Handling Equipment and other businesses.

6/11Performance <FY2021 1Q>(Billion yen)

As of March31, 2020

As of June30, 2020

Total assets

5,279.6

5,399.3

119.7

2.3%

Total equity

2,520.5

2,625.2

104.7

4.2%

Percentage of equity
attributable to owners of theparent

46.2%

47.1%

‐‐

2562582‐

Consolidated subsidiaries

Change- Total assets increased compared to previous fiscal year end,
as the market value of investment securities increased.

7/11

Performance <FY2021 Forecast>(Billion yen)

FY2020ChangeFY2021

2,171.3

1,900.0(271.3)(12.5%)

Operating profit

128.2

60.0(68.2)(53.2%)

Profit before income taxes

196.2

110.0(86.2)(44.0%)

Profit attributable toowners of the present

145.8

85.0(60.8)(41.7%)¥469.85¥273.77(¥196.08)‐

Dividends per share[Year‐end]¥160 Undecided
[¥80]
[¥70]

‐
[(¥10)]‐‐

Payout ratio

34.1%

‐

‐

‐

¥/US$

¥109

¥106(¥3)‐¥/Euro¥121¥120(¥1)‐

Net sales

Earnings per share

8/11

Segment Information < FY2021 Forecast >Net sales [Operating profit]

VehicleEngineCar Air‐Conditioning
Compressor
Electronics parts,
Foundry and others(Billion yen)

FY2020

FY2021

89.9
122.4
328.1
73.2

90.0
115.0
290.0
70.0

Unit sales

Change0.1(7.4)(38.1)(3.2)(48.8)

0.1%(6.1%)(11.6%)(4.5%)

Automobile

613.8[17.2]

565.0

Materials Handling
Equipment

1,436.3[102.2]

1,245.0

Textile Machinery

61.7
[2.9]

40.0

Others

59.3
[5.9]

50.0

(9.3)

(15.7%)

Total

2,171.3[128.2]

1,900.0[60.0](271.3)[(68.2)](12.5%)(191.3)(21.7)(8.0%)(13.3%)(35.2%)(Thousand units)
FY2020

FY2021

Change324321(3)DieselGasoline

389
418

343
423(46)5Engine807766(41)Car Air‐
Conditioning
Compressor

31,03026,300(4,730)

Materials
Handling
Equipment*

278237(41)Air‐jet loom

6.8

4.5(2.3)

Vehicle（RAV4)

9/11

Changes in Operating Profit
Year‐on‐year comparison (FY2020 full year and FY2021 full year forecast)
Operating profit: ¥68.2billion decrease (from ¥128.2 billion to ¥60.0 billion)

+10.0
128.2
Cost
reduction+5.1(70.0)(Billion yen)

Decrease inexpenses
and others(6.0)
Decreasein net sales

FY 2020

Increase inlabor cost

(4.7)
Negative
impact ofexchange rate
fluctuations

(2.6)

60.0

Increase indepreciation

FY 2021

10/11

Performance <FY2021 Forecast>(Billion yen)

FY2020

FY2021

ChangeInvestments in tangible
assets

106.0

120.0

14.0

13.1%

Depreciation

90.4

93.0

2.6

2.8%

11/11

Cautionary Statement with Respect toForward‐Looking Statements
This presentation contains projections of business results as well as statements regarding business plans,
forecasts, strategies, and other forward‐looking statements that are not to be taken as historical fact.
Projections and forward‐looking statements are based on the current expectations and estimates ofToyota Industries and its Group companies. All such projections and forward‐looking statements are basedon management’s assumptions and beliefs derived from the information available to it at the time ofproducing this report and are not guarantees of future performance. You should also be aware thatcertain risks and uncertainties could cause the actual results of Toyota Industries and its Group companies
to differ materially from any projections or forward‐looking statements appearing in this report. Theserisks and uncertainties include, but are not limited to, the following: 1) economic trends, 2) various
competitive pressures, 3) changes in relevant laws and regulations, and 4) fluctuations in exchange rates.