FINANCIAL SUMMARYFY2014(April 1, 2013 through March 31, 2014)

English translation from the original Japanese-language document

Cautionary Statement with Respect to Forward-Looking Statements

This report contains projections and other forward-looking statements that involve risks and uncertainties. Our use of thewords “expect,” “anticipate,” “estimate,” “forecast,” “plan” and similar expressions is intended to identify such forward-looking
statements. Projections and forward-looking statements are based on the current expectations and estimates of Toyota
Industries Corporation and its Group companies regarding their plans, outlook, strategies and results for the future. All suchprojections and forward-looking statements are based on management’s assumptions and beliefs derived from the information
available to it at the time of producing this report and are not guarantees of future performance. Toyota Industries and its
Group companies undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise. Therefore, it is advised that you should not rely solely upon these projections andforward-looking statements in making your investment decisions. You should also be aware that certain risks and uncertainties
could cause the actual results of Toyota Industries Corporation and its Group companies to differ materially from any
projections or forward-looking statements discussed in this report. These risks and uncertainties include, but are not limited to,the following: 1) reliance on a small number of customers, 2) product development capabilities, 3) intellectual property rights,
4) product defects, 5) price competition, 6) reliance on suppliers of raw materials and components, 7) environmental
regulations, 8) success or failure of strategic alliances with other companies, 9) exchange rate fluctuations, 10) share pricefluctuations, 11) effects of disasters, power blackouts and other incidents, 12) latent risks associated with international
activities and 13) retirement benefit liabilities.

Aplil 25, 2014

FY2014 Consolidated Financial Results<under Japanese GAAP>TOYOTA INDUSTRIES CORPORATION
Stock exchange listings: Tokyo and Nagoya (Code number: 6201) (URL: http://www.toyota-industries.com/ )Representative person: Akira Onishi, President
Contact person: Yasushi Kawai, Managing Officer, General Manager of Accounting Department(Tel. +81-(0)566-22-2511)
The expected date of the Ordinary General Meeting of Shareholders: June 13, 2014
The expected date of dividend payment: June 16, 2014
(Amounts less than one million yen are omitted)
1. Financial Highlights for FY2014 (April 1, 2013 - March 31, 2014 ）(1) Consolidated Financial Results(% : change from the previous year)

Net sales

Operating income%

Million yen

Ordinary income%

Million yen

Net income%

Million yen%

Million yen

FY2014

2,007,856

24.3

107,69139.7

138,133

59.1

91,70572.6

FY2013

1,615,244

4.7

77,09810.0

86,836

7.4

53,119(9.3)(Note) Comprehensive income: FY2014 ― 321,206 million yen [(8.0 %)], FY2013 ― 349,283 million yen [168.0 %]Net income
per share―basic

Net income
per share―diluted

Return on equity

Yen

Yen

%

Ordinary incomeon assets%

Operating incomeon sales%

FY20140292.76)0292.57)

5.7

3.9

5.4

FY20130170.36)0170.35)

4.1

2.9

4.8

(Note) Equity in net income of affiliates: FY2014 ― 2,294 million yen, FY2013 ― 825 million yen(2) Consolidated Financial Position
Total assets

Total net assets

Million yen

Equity ratio

Net assets per share%

Million yen

Yen

FY2014

3,799,010

1,829,326

46.6

5,640.08

FY20133,243,779

1,524,933

45.4

4,719.66(Note) Shareholders' equity: FY2014 ― 1,769,466 million yen, FY2013 ― 1,473,515 million yen(3) Consolidated cash flows
Cash flows fromoperating activities

Cash flows frominvesting activities

Million yen

Cash flows fromfinancing activities

Million yen

Cash and cash equivalents
at the end of year

Million yen

Million yen

FY2014

155,059(118,483)

006,183

226,406

FY2013

151,299(274,210)

007,050

179,359

2. Cash Dividends
Total amountof annual
cash
dividends

Annual cash dividends per share
1st Quarter 2nd Quarter 3rd Quarter
Yen

Yen

Year-end

Yen

Yen

Yen

Dividend
payout ratio

Total amountof dividends
on net assets%

Million yen%

FY2013

-

25.00

-

30.00

55.00

17,15832.3

1.3

FY2014

-

35.00

-

50.00

85.00

26,64729.0

1.6

FY2015(Forecast)

-

45.00

-

45.00

90.00

28.2

(Note) Forecast of cash dividends per share for fiscal 2011 has not been decided yet.
3. Forecasts of Consolidated Financial Results for FY2015 (April 1, 2014 - March 31, 2015)(% : change from the same period of previous year)

Net sales

Operating income%

Million yen%

Million yen

Ordinary income
Million yen%

Net income
per share―basic

Net income
Million yen%

Yen

FY2015 Second
quarter(accm)

1,030,000

5.0

055,000

6.2

072,000

11.0

048,000

10.3

153.00FY20152,100,000

4.6

115,000

6.8

148,000

07.1

100,000

09.0

318.74

4. Others(1) Changes in major subsidiaries (specified subsidiaries that changed company's consolidation) : No
(2) Changes in accounting policies, accounting estimates and restatement① Changes in accounting policies with revision of accounting standards : Yes② Changes other than ① : No
③ Changes in accounting estimates : No
④ Restatement : No
(Note)Please see page 13 on attached documents for details on(Note)”Changes in accounting policies with revision of accounting standards".
(3) Issued and outstanding capital stock① Number of shares outstanding at end of each period (including treasury stock):
FY2014 －325,840,640 shares, FY2013 －325,840,640 shares② Number of treasury stock outstanding at end of each period:
FY2014 －012,109,864 shares, FY2013 －013,632,854 shares③ Average number of shares outstanding for each period:
FY2014 －313,244,302 shares, FY2013 －311,810,281 shares* Progress of procedures for financial review of quarterly financial results
・ The consolidated financial statements are under procedures of financial review, at the time of disclosureof this report.
* Explanation regarding the proper use of performance forecasts and other special items
・ All projections are based on the information available to management at the time of making
this report and are not guarantees of future performance. Uncertainties could cause
the actual results of Toyota Industries to differ materially from any projections discussed in this report.
・ Our projections are based on assumed exchange rates of ¥100 = US$1 and ¥135 = €1 for FY2015
・ Please see page 2 on attached documents for details on performance forecasts in "Analysis on
Consolidated Business Results".

(Attached Documents)

Contents

1.Business Results ･･････････････････････････････････････････････････････････････････････2(1) Analysis on Consolidated Business Results･･････････････････････････････････････････2(2) Analysis on Consolidated Financial Condition ･･･････････････････････････････････････3(3) Cash Dividends for FY2014 ････････････････････････････････････････････････････････3
2.Management Policy ･･････････････････････････････････････････････････････････････････････4(1) Basic Management Policy ･･････････････････････････････････････････････････････････4(2) Basic Policy on the Distribution of Profits ････････････････････････････････････････････4(3) Medium-to Long-Term Management Strategies ･････････････････････････････････････5
3. Consolidated Financial Statements ･･････････････････････････････････････････････････････6(1) Consolidated Balance Sheets ･･････････････････････････････････････････････････････6(2) Consolidated Statements of Income and'Consolidated Statements of Comprehensive Income ･･･････････････････････････････8(3) Consolidated Statements of Changes in Total net assets ･･････････････････････････10(4) Consolidated Statements of Cash Flows ･･････････････････････････････････････････12(5) Note on Consolidated Financial Statements(Note on premise of going concern) ･･････････････････････････････････････････････13(Basis of Presenting Consolidated Financial Statements) ･････････････････････････13(Changes in accounting policies with revision of accounting standards) ･･･････････13(Segment Information) ････････････････････････････････････････････････････････････14(Earnings per share) ･･････････････････････････････････････････････････････････････15(Subsequent event) ･･････････････････････････････････････････････････････････････15-1-1. Business Results(1)

Analysis on Consolidated Business Results

In fiscal 2014 (ended March 31, 2014), the global economy continued to recover overall, despite
slowing growth in emerging countries such as China and Southeast Asia. Thanks to the effect ofmonetary and fiscal policies, the Japanese economy also began to show signs of an upturn, including
higher consumer spending, an increase in production in the private sectors, an improvement in
employment and higher wages. In this operating environment, Toyota Industries Corporation and its
Group companies (“Toyota Industries”) undertook efforts to ensure customer trust through a dedication
to quality as well as to expand sales by responding flexibly to market trends.
As a result, total consolidated net sales amounted to 2,007.8 billion yen, an increase of 392.6 billion
yen, or 24%, from fiscal 2013 (ended March 31, 2013). The following is a review of operations for the
major business segments.
Despite sluggish sales in the Japanese market in the first half of the fiscal year, the Automobile
Segment made a turnaround in the second half. Overseas, the global market continued to expand on theback of strong sales in the Chinese and North American markets. Amid such operating conditions, net
sales of the Automobile Segment totaled 1,006.6 billion yen, an increase of 148.0 billion yen, or 17%,from fiscal 2013.
Within this segment, net sales of the Vehicle Business amounted to 467.0 billion yen, an increase of
110.3 billion yen, or 31%. Unit sales of the RAV4 increased while those of the Vitz (Yaris overseas)registered a decrease. Net sales of the Engine Business totaled 202.5 billion yen, a decrease of 14.2
billion yen, or 7%. This is attributable primarily to a decrease in sales of KD diesel engines, althoughsales of AR gasoline engines increased. Net sales of the Car Air-Conditioning Compressor Businesstotaled 275.7 billion yen, an increase of 47.6 billion yen, or 21%, resulting from an increase in sales
worldwide. Net sales of Electronics Parts, Foundry and Others Business totaled 61.2 billion yen, an
increase of 4.2 billion yen, or 7%.
The materials handling equipment market as a whole expanded globally, with the markets in China
and North America registering growth, the European market showing a recovery, and the Japanesemarket maintaining solid sales. Amid this operating climate, Toyota Industries strengthened production
and sales structures and rolled out new products matched to respective markets. Toyota Industries also
expanded its business domain, through such subsidiaries, as Cascade Corporation, which joined the
Toyota Industries Group in March 2013, and engages in manufacture and sales of lift truck attachments.
These activities led to an increase in unit sales worldwide, resulting in an increase in net sales of theMaterials Handling Equipment Segment of 212.8 billion yen, or 36%, to 809.2 billion yen.
Net sales of the Logistics Segment amounted to 95.3 billion yen, an increase of 2.3 billion yen, or 2%.
This is attributable to an increase in sales of commissioned logistics business and the cargo transportbusiness of automotive-related parts.
The textile machinery market registered strong sales, as China and India witnessed an upturn incapital expenditure on the back of growing domestic demand. This in turn led to increases in sales ofboth spinning and weaving machinery for Toyota Industries, and net sales of the Textile Machinery
Segment totaled 73.1 billion yen, an increase of 33.2 billion yen, or 83%.
Net sales of the Others Segment totaled 23.4 billion yen, a decrease of 3.8 billion yen, or 14%, due
mainly to the liquidation of TIBC Corporation in January, 2013.
In terms of overall profit, despite an increase in labor costs, research and development expenses,
and increase in depreciation Toyota Industries recorded an increase in sales while promoting cost
reduction efforts throughout the Toyota Industries Group and exchange rate fluctuations. As a result,
Toyota Industries posted consolidated operating income of 107.6 billion yen, an increase of 30.6 billion
yen, or 40%, from the previous fiscal year and ordinary income of 138.1 billion yen, an increase of 51.3
billion yen, or 59%. Net income totaled 91.7 billion yen, an increase of 38.6 billion yen, or 73%, from theprevious fiscal year.
-2-With regard to the future economic outlook, Toyota Industries expects an ongoing recovery of global
economy as well as a full-fledged recovery of Japanese economy based on new growth strategies
unveiled by the government. However, the uncertainties surrounding the business climate preclude
optimism as the trend in the Chinese economy requires a careful monitoring in addition to the U.S.
decision to cut back on quantitative easing and a rise in the consumption tax rate in Japan.
Toyota Industries forecasts consolidated net sales of 2,100.0 billion yen, operating income of 115.0
billion yen, ordinary income of 148.0 billion yen and net income of 100.0 billion yen. By segment, we
forecast net sales of 1,035.0 billion yen in the Automobile Segment and 880.0 billion yen in the Materials
Handling Equipment Segment. Our projections are based on exchange rates of ¥100 = US$1 and ¥135
= €1 for fiscal 2015.

(2)

Analysis on Consolidated Financial Condition

Total assets increased 555.3 billion yen from the end of the previous fiscal year to 3,799.0 billion yen
due mainly to an increase in market value of investment securities. Liabilities amounted to 250.8 billion
yen, an increase of 1,969.6 billion yen from the end of the previous fiscal year due mainly to an increasein deferred tax liabilities. Net assets amounted to 1,829.3 billion yen, an increase of 304.4 billion yen
from the end of the previous fiscal year.
Cash flows from operating activities increased by 155.0 billion yen in fiscal 2014, due mainly toposting income before income taxes of 138.1 billion yen. Net cash provided by operating activities
increased by 3.8 billion yen compared with an increase of 151.2 billion yen in fiscal 2013. Cash flows
from investing activities resulted in a decrease in cash of 118.4 billion yen in fiscal 2014, attributableprimarily to an increase in payments for purchases of property, plant and equipment amounting to 131.6
billion yen. Net cash used in investing activities decreased by 155.8 billion yen compared with adecrease of 274.2 billion yen in fiscal 2013. Cash flows from financing activities resulted in an increasein cash of 6.1 billion yen in fiscal 2014, due mainly to 128.2 billion yen of proceeds from long-term loans
payable, despite the repayments of long-term loans payable of 60.7 billion yen and net decrease in
short-term loans payable of 59.2 billion yen. After adding translation adjustments and cash and cash
equivalents at beginning of period, cash and cash equivalents as of March 31, 2014 stood at 226.4
billion yen, an increase of 47.1 billion yen, or 26%, over fiscal 2013.

(3)

Cash Dividends for FY2014

Toyota Industries paid an interim cash dividend of 35.0 yen per common share in November 2013.
Toyota Industries plans to pay a year-end cash dividend of 50.0 yen per common share, with total cash
dividends for fiscal 2014 amounting to 85.0 yen per common share, an increase of 30.0 yen in fiscal
2013.

-3-

2. Management Policy(1)

Basic Management Policy

The basic management policies of Toyota Industries are upheld as its basic corporate philosophy. We
believe putting the following stated beliefs into viable sincere actions by all employees will lead to greater
corporate value.
① Toyota Industries is determined to comply with the letter and the spirit of the law, in Japan andoverseas, and to be fair and transparent in all its dealings.
② Toyota Industries is respectful of the people, culture and traditions of each country and region inwhich it operates. It also works to promote economic growth and prosperity in those countries andregions.
③ Toyota Industries believes that economic growth and conservation of the natural environment arecompatible. It strives to offer products and services that are clean, safe and have high quality.
④ Toyota Industries conducts intensive product research and forward-looking development activities
to create new value for its customers.
⑤ Toyota Industries nurtures the inventiveness and other abilities of its employees.
It seeks to create a climate of cooperation, so that both employees and the Company can realize
their full potential.

(2) Basic Policy on the Distribution of Profits
Toyota Industries regards the benefits of shareholders as one of its most important management
policies. Based on this stance, we will strive to strengthen Toyota Industries’ corporate constitution,
promote proactive business development and raise its corporate value.
Toyota Industries’ dividend policy is to meet the expectations of shareholders for continuous
dividends while giving full consideration to business performance, funding requirements, the dividend
payout ratio and other factors.
Toyota Industries will use retained earnings to improve the competitiveness of its products, augment
production capacity in Japan and overseas, as well as to expand into new fields of business andstrengthen its corporate constitution in securing future profits for its shareholders.

-4-(3) Medium- to Long-Term Management Strategies
Toyota Industries will continue to undertake concerted efforts to strengthen its management platform
and raise corporate value.
As immediate tasks, we will maintain and improve solid management platform so that we canrespond quickly to the changing market circumstances.
Specifically, Toyota Industries will work to incorporate quality and cost from the design phase andshorten the production lead time from development to sales, while promoting cost improvement activities
in manufacturing operations. In addition, Toyota Industries will accelerate the development oftechnologies that overwhelm competitors around the world and plan and develop competitive products
matched to the characteristics and needs of each market.
Toyota Industries will also strive to establish global production and sales, and to enhance the value
chain to provide a wide range of customer services in each country and region.
As Toyota Industries announced in the Vision 2020, in October 2011, we will pursue the developmentof environmentally conscious, energy-saving products based on the keywords of the 3Es, which Toyota
Industries defines as “energy,” “environmental protection” and “ecological thinking,” while incorporating
functions and services demanded by customers (value chain) and delivering them to the global market.
Acting on these measures, we aim for growth in three business units, namely, “solutions” in the areas ofmaterials handing equipment, logistics and textile machinery; “key components” in the fields of car
air-conditioning compressors and car electronics; and “mobility” in the domains of vehicles and engines.
With regards to the Medium-Term Management Plan, we have formulated a specific activity plan foreach business unit until fiscal 2016. The entire Toyota Industries Group will make a concerted effort torealize the Vision 2020.
To support such consolidated management on a global scale, Toyota Industries will enhance thepower of the workplace and diversity in the use of human resources, and strive to nurture global humanresources.
In addition to placing top priority on safety, we will thoroughly enforce compliance, including
observance of laws and regulations, and actively participate in social contribution activities. Throughthese and further measures, Toyota Industries aims to meet the trust of society, raise corporate value
and grow in harmony with society.

-5-3. Consolidated Financial Statements(1) Consolidated Balance Sheets(Million yen)
FY2013(As of March 31, 2013)

FY2014(As of March 31, 2014)

AssetsCurrent assets:
Cash and deposits

230,348

226,383

Cash deposits for cash collection and deposit services
Trade notes and accounts receivable

49,981
215,799

50,765
246,676

Lease investment assets

41,96450,122

Short-term investments
Merchandise and finished goods

33,047
66,67046,012
77,989Work in process

35,08838,782

Raw materials and supplies
Deferred tax assets

40,762
23,83653,47025,961Other current assets

46,222

59,727

Allowance for doubtful accounts
Total current assets(3,204)
780,517(3,832)872,058

Buildings and structures
Accumulated depreciation
Buildings and structures, net

365,308(226,436)
138,871395,692(238,697)
156,995

Machinery, equipment and vehicles
Accumulated depreciation

864,534(646,319)

976,511(703,217)

Machinery, equipment and vehicles, net
Tools, furniture and fixtures

218,214
135,525

273,294
149,580

Accumulated depreciation
Tools, furniture and fixtures, net(105,024)
30,500(114,281)
35,298Land
Construction in progress
Total property, plant and equipment
Intangible assets:
Goodwill
Other intangible assets
Total intangible assets
Investments and other assets:
Investment securities
Deferred tax assets
Lease investment assets
Other investments and other assets
Allowance for doubtful accounts
Total investments and other assets
Total fixed assets

118,244
43,982549,814

119,10741,418626,114122,003
46,045
168,049

100,81490,068
190,882

1,598,437
12,304
93,572
41,231(148)
1,745,398
2,463,262

1,926,353
15,285
118,849
49,793(328)
2,109,954
2,926,951

3,243,779

3,799,010

Fixed assets:
Property, plant and equipment

Total assets-6-

(Million yen)
FY2013(As of March 31, 2013)

FY2014(As of March 31, 2014)

180,146

196,904

Short-term loans payable

183,920

120,058

Commercial papers

30,224

20,524Current portion of bonds

4,499

29,139Lease obligations

44,85147,644

Accounts payable-other

17,62329,138

Accrued income taxes

15,95825,962

Deferred tax liabilities

2,923

1,458

Liabilities
Current liabilities:
Trade notes and accounts payable

Allowance for bonuses to directors and corporare auditors
Other current obligations

570

619

178,378

191,903

Total current liabilities

659,095

663,353

213,584

212,128

Long-term loans payable236,318

323,400

Lease obligations

101,883

122,151

Deferred tax liabilities

440,356

567,859

Allowance for retirement benefits

52,779Long-term liabilities:
Bonds payable

Net defined benefit liabilities-

Other long-term liabilities

63,854

14,82916,936

1,059,750

1,306,330

1,718,846

1,969,684

80,46280,462

Capital surplus

105,898

105,654

Retained earnings

492,578

563,957

Treasury stock(48,405)(43,012)

Total shareholders' equity

630,534

707,062

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

830,054

1,022,525

(237)

(139)

Foreign currency translation adjustment

13,16344,649Total long-term liabilities
Total liabilities
Net assets
Shareholders' equity:
Capital stock

Accumulated other comprehensive income

Remeasurements of defined benefit plans-(4,629)Total accumulated other comprehensive income
Subscription rights to shares

842,980
1,478

1,062,404
330

Minority interests

49,93959,528

Total net assets

1,524,933

1,829,326

3,243,779

3,799,010

Total liabilities and net assets-7-

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statements of Income(Million yen)
FY2013(April 1,2012 March 31, 2013)

FY2014(April 1,2013 March 31, 2014)

Net sales

1,615,244

2,007,856

Cost of sales

1,347,238

1,651,573

Gross profit

268,006

356,282

Sales commissions

12,24013,832

Salaries and allowances

74,452

85,831Retirement benefit expenses

1,739

3,788

Depreciation

8,076

11,125

Research and development expenses

32,20339,363

Other

62,196

94,647

Total selling, general and administrative expenses

190,908

248,590

77,098

107,691

Interest income

9,071

11,205

Dividends income

21,08438,602Gain on sales of marketable securities
Equity in net earnings of affiliated companies
Other non-operating income

784
825
5,277

1,106
2,294
7,319

Total non-operating income

37,04360,527

Interest expenses

14,50816,023

Loss on disposal of fixed assets

1,006

1,345

Other non-operating expenses

11,78912,718

Total non-operating expenses

27,30430,08686,836138,133

6,710
6,710

-

80,126138,133

27,34540,670

(493)

3,263

Total income taxes

26,851

43,934

Income before minority interests

53,27594,198155

2,493

53,11991,705

Selling, general and administrative expenses:

Operating income
Non-operating income:Non-operating expenses:

Ordinary income
Extraordinary losses:
Loss on liquidation of subsidiaries and affiliates
Total extraordinary losses
Income before income taxes andminority interests
Income taxes-current
Income taxes-deferred

Minority interests in income
Net income-8-Consolidated Statements of Comprehensive Income(Million yen)
FY2013(April 1,2012 March 31, 2013)

FY2014(April 1,2013 March 31, 2014)

Income before minority interests

53,27594,198Other comprehensive income:
Valuation difference on available-for-sale securities

265,277

192,795(106)

97

30,44433,588392

526

296,008

227,007349,283

321,206

345,988

315,759

3,295

5,447

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:Comprehensive income attributable to owners of the parent
Comprehensive income attributable to minority interests-9-(3) Consolidated Statements of Changes in Total net assets
FY2013 (April 1, 2012 - March 31, 2013)(Million yen)
Shareholders’ equity

Balance at the end of previous period

Capital stock

Capital surplus

80,462

106,128

Retainedearnings

455,042

Treasury stock

Total
shareholders’equity(50,266)

591,367

Changes of items during the period
Dividends from surplus(15,584)(15,584)

Net income

53,11953,119Repurchase of treasury stock
Disposal of treasury stock

(230)

(109)

(109)

1,971

1,741

Changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period

-

(230)

37,535

1,861

39,16680,462

105,898

492,578(48,405)

630,534

Accumulated other comprehensive income
Total
Valuation
Foreign currency Remeasurements accumulateddifference on Deferred gains ortranslationof defined benefit
otheravailable-for-sale losses on hedges
adjustment
planscomprehensive
securities
incomeBalance at the end of previous period

565,007(131)(14,763)-

550,112

Subscription
Minority interests Total net assets
rights to shares

2,310

54,051

1,197,841

Changes of items during the period
Dividends from surplus(15,584)

Net income

53,119Repurchase of treasury stock(109)

Disposal of treasury stock

1,741

Changes of items other than shareholders' equity

265,047(106)

27,927-

292,868

Total changes of items during the period

265,047(106)

27,927-

292,868(832)(4,111)

327,091

Balance at the end of current period

830,054(237)

13,163-842,980

1,478

49,9391,524,933

-10-

(832)

(4,111)

287,924

FY2014 (April 1, 2013 - March 31, 2014)(Million yen)
Shareholders’ equity

Balance at the end of previous period

Capital stock

Capital surplus

80,462

105,898

Retainedearnings

492,578

Treasury stock

Total
shareholders’equity(48,405)

630,534

Changes of items during the period
Dividends from surplus(20,326)(20,326)

Net income

91,70591,705

Repurchase of treasury stock
Disposal of treasury stock

(244)

(96)

(96)

5,489

5,245

Changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period

-

(244)

71,378

5,393

76,52780,462

105,654

563,957(43,012)707,062

Accumulated other comprehensive income
Total
Valuation
Foreign currency Remeasurements accumulateddifference on Deferred gains ortranslationof defined benefit
otheravailable-for-sale losses on hedges
adjustment
planscomprehensive
securities
incomeBalance at the end of previous period

830,054(237)

13,163-842,980

Subscription
Minority interests Total net assets
rights to shares

1,478

49,9391,524,933

Changes of items during the period
Dividends from surplus(20,326)

Net income

91,705

Repurchase of treasury stock(96)

Disposal of treasury stock
Changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period

5,245
192,470

97

31,485(4,629)219,423(1,147)

9,588

227,865

192,470

97

31,485(4,629)219,423(1,147)

9,588

304,392

1,022,525(139)

44,649(4,629)1,062,404

330

59,528

1,829,326-11-

(4) Consolidated Statements of Cash Flows(Million yen)

Cash flows from operating activities:
Income before income taxes and minority interests
in consolidated subsidiaries
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 received
Interest expenses paid
Income taxes (paid) refund
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
Proceeds from acquisition of subsidiaries' stock
resulting in change in scope of consolidation
Payments for sales of subsidiaries' stock
resulting in change in scope of consolidation
Payments for loans madeProceeds from collections of loans
Net (increase) decrease in fixed deposit
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 (used in) 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-12-

FY2013(April 1,2012 March 31, 2013)

FY2014(April 1,2013 March 31, 2014)

80,126138,133

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

111,826(112,430)
8,137(14,679)
987(131,672)
12,879(32,015)
2,211(68,503)(1,137)

-

265

504
(49,807)
16,023(2,294)(13,469)(15,459)
6,305(32,107)
159,655
49,782(15,517)(38,861)
155,059

(505)

-

(13)
275
(64,435)(23,043)(274,210)

(867)
640
38,390(7,177)(118,483)

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(59,236)
128,203(60,721)
26,660(4,505)(96)(20,326)(454)
270(3,609)6,183
4,286
47,046
179,359
226,406

(5) Note on Consolidated Financial Statements(Note on Premise of Going Concern) : No
(Basis of Presenting Consolidated Financial Statements)(6) (Matters concerning the scope of Consolidation)(7) Consolidated subsidiaries : 215(Addition 6 companies)
YANTAI SHOUGAN TOYOTA INDUSTRIES CO., LTD.
Toyota Industries Electric Systems Europe GmbH
Toyota Material Handling Capital S.A.P.I. de C.V., SOFOM E.N.R.
OOO Toyota Material Handling RUS
Uster Technologies AG Group (2 companies)(Removal 8 companies)
ALT Logi Co. Ltd.
Cascade Corporation Group (3 companies)
Toyota Material Handling Europe Group (4 companies)(6) (Changes in accounting policies with revision of accounting standards)
Effective from the end of fiscal 2014, Toyota Industries adopted the Accounting Standards Board of Japan's new Accounting Standard for
Retirement Benefits (ASBJ Statement No.26, May 17, 2012) and its accompanying implementation guidelines, "Guidance on AccountingStandard for Retirement Benefits" (ASBJ Guidance No.25, May 17, 2012).

-13-

(Segment Information)
FY2013 (April 1,2012 - March 31, 2013)(Million yen)

Automobile

Materials
handling
equipment

Logistics

858,671
21,842880,514
29,411
368,329

596,449566
597,015
38,746
714,958

93,018
8,653
101,672
4,834
180,465

39,903
181
40,085586
57,224

27,202
12,26539,4673,350
98,636

1,615,244
43,5101,658,755
76,9281,419,613(43,510)(43,510)169
1,824,166

1,615,244
1,615,244
77,0983,243,779

39,174

34,050

7,553

2,239

981

83,999-83,99965,92756,462

10,636711

785

134,522-

134,522

Textilemachinery

OthersTotal

Eliminations Consolidated

Net sales(1) Outside customer sales(2) Inter-segment transactions

Total
Segment Income
Segment Assets
Others(1) Depreciation and amortization(2) Increase in Fixed Assets andIntangible Assets(Notes) 1. Main products of each segment:
Automobile.........................…..

Vehicles, diesel and gasoline engines, car air-conditioning compressors
electronics components, foundry parts
Materials handling equipment... Lift trucks, warehouse trucks, automated storage and retrieval systems, aerial work platforms
Logistics………………………… Land transportation services, cash collection and delivery and cash proceeds management services,
data storage, management, collection and delivery services
Textile machinery……………… Weaving machinery, spinning machinery, instruments for yarn testing and cotton classing"Others" is business segment not included in reportable segments.
(Notes) 2. Segment income of 169 million yen is inter-segment elimination.
Assets included in the "Eliminations"of "Segment Assets" are mainly cash and deposits, marketable securities and investments
in securities of Toyota Industries Corporation.
(Notes) 3. Segment income is adjusted to operating income of Consolidated Statements of Income.

FY2014 (April 1,2013 - March 31, 2014)(Million yen)

Automobile

Materials
handling
equipment

Logistics

1,006,678
26,5391,033,217
35,175471,833

809,276647
809,923
58,006844,345

95,304
11,110106,414
5,194
185,179

42,147

48,848

78,10076,887

Textilemachinery

OthersTotal

Eliminations Consolidated

73,102
185
73,287
5,597
68,17523,494
13,88637,381
3,422
135,764

2,007,856
52,3692,060,225
107,396
1,705,299(52,369)(52,369)295
2,093,710

2,007,856
2,007,856
107,691
3,799,010

8,005

2,543

682

102,227-

102,227

9,115

2,431

810

167,344-

167,344

Net sales(1) Outside customer sales(2) Inter-segment transactions

Total
Segment Income
Segment Assets
Others(1) Depreciation and amortization(2) Increase in Fixed Assets andIntangible Assets(Notes) 1. Main products of each segment:
Automobile.........................…..

Vehicles, diesel and gasoline engines, car air-conditioning compressors
electronics components, foundry parts
Materials handling equipment... Lift trucks, warehouse trucks, automated storage and retrieval systems, aerial work platforms
Logistics………………………… Land transportation services, cash collection and delivery and cash proceeds management services,
data storage, management, collection and delivery services
Textile machinery……………… Weaving machinery, spinning machinery, instruments for yarn testing and cotton classing"Others" is business segment not included in reportable segments.
(Notes) 2. Segment income of 295 million yen is inter-segment elimination.
Assets included in the "Eliminations"of "Segment Assets" are mainly cash and deposits, marketable securities and investments
in securities of Toyota Industries Corporation.
(Notes) 3. Segment income is adjusted to operating income of Consolidated Statements of Income.

-14-

(Earnings per share)
FY2013(April 1,2012 March 31, 2013)
Net assets per share (exact yen amounts)

FY2014(April 1,2013 March 31, 2014)
4,719.66

5,640.08

Net assets per share (exact yen amounts)

Net income per share-basic (exact yen amounts)

170.36

Net income per share-basic (exact yen amounts)

292.76

Net income per share-diluted (exact yen amounts)

170.35

Net income per share-diluted (exact yen amounts)

292.57(Note) 1. The basis of calculation for net income per share and net income per share-diluted is as follows:(Million yen)
FY2014(April 1,2013 March 31, 2014)

FY2013(April 1,2012 March 31, 2013)
1 Net income per share- basic
Net income
Net income not attributable to common shareholders
Net income attributable to common shareholders
Weighted-average shares(thousand)

53,11953,119311,81091,70591,705313,244

-

204
204

2 Net income per share-diluted
Remeasurements of net income
Increase in common shares outstanding(thousand)
Subscription rights to shares(thousand)88(Note) 2. The basis of calculation for net assets per share is as follows:
FY2013(April 1,2012 March 31, 2013)
Total net assets
Amounts deducted from total net assets
Subscription rights to shares
Minority interests in consolidated subsidiaries
Net assets applicable to common stock at end of year
Outstanding shares of common stock at end of year
used for the computation of net assets per share(thousand)(Subsequent event)
None

-15-

(Million yen)
FY2014(April 1,2013 March 31, 2014)

1,524,933
51,417
1,478
49,9391,473,515

1,829,326
59,859330
59,528
1,769,466

312,207

313,730