Toyota Industries
Close-up
Founded in 1926 by Japanese inventor Sakichi Toyoda as a manufacturing
company of automatic looms, Toyota Industries has grown into a diverse
enterprise covering a wide range of businesses, including textile machinery,automobiles, materials handling equipment and electronics.
The following pages provide a closer look at our extensive range of businessfields and product groups.

Materials Handling Equipment

78

Automobile

82

Compressor Division

82

Vehicle Division

83

Engine Division

83

Electronics

84

Textile Machinery

85

Others85

ANNUAL REPORT 2004 — TOYOTA INDUSTRIES CORPORATION

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Toyota Industries Close-up
Materials Handling Equipment

Toyota Industries Close-up

TOYOTA Material Handling Company
A Solid Presence in World Markets
TOYOTA Material Handling Company (“TMHC”) develops,manufactures and markets a wide array of industrial vehicles.
TMHC is a world leader in forklift trucks, with a full lineup ofinternal combustion and electric forklift trucks that range incapacity from 0.5 tons to over 40 tons. TMHC also offers skid
steer loaders, tow tractors and other industrial vehicles.
Additionally, TMHC manufactures and markets materials handlingsystems for picking, conveying, storing and sorting — such as
racks, automatic guided vehicle systems, and automatedstorage and retrieval systems — to address customer needs forenhancing the efficiency of their materials handling operations.
TMHC’s wealth of accumulated know-how in materials handlingis based on the Toyota Production System and helps TMHC
provide customers with optimal materials handling solutions.
Note: TMHC is an in-house company (a division of Toyota Industries) and not a legallyincorporated entity. Toyota Industries’ materials handling systems such as racks,
automatic guided vehicle systems, and automated storage and retrieval systems are
sold only in Japan.

Products for the Japanese Market — Industrial Vehicles

GENEO (7FD25)
Internal Combustion
Counterbalanced Forklift Truck

GENEO-R (7FBR15)
Electric Reach Truck78

ANNUAL REPORT 2004 — TOYOTA INDUSTRIES CORPORATIONGENEO-B (7FB15)
Electric Counterbalanced
Forklift Truck

2TG25
Tow Tractor

GENEO-E (7FBE15)
Three-Wheel ElectricCounterbalanced
Forklift Truck

Jobsun (4SDK8)
Skid Steer Loader

Toyota Industries Close-up

Products for the Japanese Market — Materials Handling Systems

Partner Rack
(Rail-Less Mobile Type)
Rail-Less Mobile Rack

Rack Sorter B

Rack Sorter P

Automated Storage andRetrieval System (Plastic Container Type)

Automated Storage andRetrieval System (Pallet Type)Road Sorter H(ACBH10)
Automatic Guided Vehicle System

2AFBR15APLB8Automatic Guided Forklift Truck

Automatic Guided Pallet Truck

Materials Handling Equipment

Aichi Corporation
Truck Mount Aerial Work Platforms

Self-Propelled Aerial Work
Platforms

Leading the JapaneseMarket for Aerial Work
Platforms
Aichi Corporation (“Aichi”) is a
top manufacturer of specialpurpose vehicles, with anapproximately 66% share ofthe Japanese market for aerial
work platforms in fiscal 2004.
Aichi aims to serve as an
indispensable partner tocustomers in providing
solutions to their needs.

SE-08A

RM04B
SH-15A

TZ-10A type “RR”

SC40A

SR-18AJ

ANNUAL REPORT 2004 — TOYOTA INDUSTRIES CORPORATION

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Industries
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Products for the North American Market

7FGU707FGCU25

7FGCU35-BCS

Internal Combustion Pneumatic Tire
Counterbalanced Forklift Truck

Internal Combustion Cushion Tire
Counterbalanced Forklift Truck

Internal Combustion Cushion Tire
Counterbalanced Forklift Truck—Boxcar Special Model

7FBEU15

7FBCU25

7BRU23Three-Wheel ElectricCounterbalanced Forklift Truck

Electric Cushion Tire
Counterbalanced Forklift Truck

Electric Reach Truck

7FG/DF30

7FBMF45

7FBRE14

Internal Combustion Counterbalanced
Forklift Truck with Deluxe Cabin

Electric Counterbalanced Forklift Truck

Electric Reach Truck

7PML20

7FBEF18

LOP10CFElectric Pallet Truck

Three-Wheel Electric Counterbalanced
Forklift Truck

Low-Level Order Picker with Elevating Cabin

Products for the European Market80

ANNUAL REPORT 2004 — TOYOTA INDUSTRIES CORPORATION

Materials Handling Equipment

Global Supplier of Warehouse Trucks
Headquartered in Sweden, BT Industries AB (“BT Industries”) is
the world’s leading supplier of warehouse trucks.
BT Industries manufactures in seven plants in Europe andNorth America, where the company has particularly strong
customer bases. BT Industries’ products contribute to efficientmaterials handling operations for customers in over 70 countries.
BT Industries meets the needs of the entire spectrum ofmaterials handling, with products including hand pallet trucks,
electric pallet trucks, reach trucks, very narrow aisle trucks andcounterbalanced forklift trucks. Some examples are shown
below.

Toyota Industries Close-up

BT Industries GroupBT Products

BT PRO LIFTERBT PRO LIFTER M

BT ORIONBT IXION

Hand Pallet Truck

Motorized Hand Pallet Truck

Electric Pallet Truck

Stacker Truck

BT REFLEX AC

BT OPUSBT OPALBT VECTORBT CARGO

Reach Truck

Low-Level Order Picking
Truck

High-Level Order Picking
Truck

Very Narrow Aisle Truck

Counterbalanced Truck

Raymond Products

Raymond Model 7400
Reach-Fork Truck

Raymond Model 112
Pallet Truck

Reach Truck

Electric Pallet Truck

Raymond EASi Pacer
Stand-Up
Counterbalanced Truck

Raymond EASiOrderpicker Truck

RaymondSwing-Reach Truck

Order Picking Truck

Very Narrow Aisle Truck

Electric Counterbalanced Truck

ANNUAL REPORT 2004 — TOYOTA INDUSTRIES CORPORATION

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Automobile

Toyota Industries Close-up

Compressor Division
Compressors — the Core of Car Air-Conditioners
Car air-conditioners use the vaporized heat of refrigerants to cool
the interiors of cars. The core of a car air-conditioner is thecompressor. Boasting the top share of the world market for car
air-conditioning compressors, Toyota Industries is a leading
manufacturer of car air-conditioning compressors, employingoutstanding, unrivaled technologies. These products include acontinuous variable displacement compressor that automaticallycontrols cooling in accordance with cabin temperature and theload on the engine. Our compact, lightweight 10-cylinder
compressors with swash plate and fixed displacement are widelyadopted by automakers in Japan and overseas. Additionally, withthe aim of environmental protection, we are developing
compressors that offer superb fuel efficiency and use CFC
substitutes. The Division is also working on the development ofelectrically driven car air-conditioning compressors andcompressors that use CO2, a natural refrigerant.

Compressor

Cooling unit
expansion valve
evaporator
Receiver and drier
Condenser

Toyota Industries manufactures compressors — devices that pressurize refrigerant gas,
which must give off heat to liquefy (condense). When subject to increased pressurization,
refrigerant gas becomes comparatively easier to liquefy. To cool the interior of vehicles,
liquid (refrigerant) is cycled throughout a sealed air-conditioning system through a repeatedprocess of vaporization (evaporation), liquefaction and re-vaporization.

Fixed Displacement Type

10S17 Compressor

SCS06 Compressor

SV07 Compressor(Fixed Displacement,
Swash Plate Type)(Scroll Type)(Vane Type)Continuous Variable Displacement Type82

For Hybrid Vehicles

Auxiliary Car Heater

7SBU16 Compressor

7SEU16 Compressor

ES18 Electric Compressor

Viscous-Type Power Heater(Variable Displacement,
Swash Plate Type)(Externally Controlled,
Variable Displacement,Clutchless Type)(Hermetic Scroll Type)(Vehicle Cabin SupplementaryHeater)

ANNUAL REPORT 2004 — TOYOTA INDUSTRIES CORPORATION

Automobile

Building Safe, Environment-Friendly Cars
Toyota Industries currently assembles the Vitz (Yaris in Europe),
RAV4 and Corolla Sedan under consignment from TMC. Thefuel-efficient, environment-friendly Vitz is positioned as TMC’sVitz

strategic small car in global markets. The RAV4 sport utility
vehicle is exported to the United States and Europe, while theCorolla Sedan is exported to the United States.

Toyota Industries Close-up

Vehicle Division

Corolla Sedan(Yaris in Europe)

RAV4Automobile

Engine Division
From Small Cars to Large Industrial Vehicles
Toyota Industries manufactures diesel and gasoline engines
ranging in capacity from 1500cc to 5200cc. Our car engines aremanufactured on consignment from TMC and are all fitted inTOYOTA cars. In collaboration with TMC, we are developing
environment-friendly diesel engines for automobiles that offer

high power and lighter weight, as well as low noise and vibration.
Superior in output and environmental impact, our industrial
engines are fitted in forklift trucks and other industrial vehicles
manufactured by TMHC as well as in gas heat pumps and bus
air conditioners.

Diesel Engines

Gasoline Engines

1CD Diesel Engine

1HD-FTE Diesel Engine

2UZ Gasoline Engine

1FZ-FE Gasoline Engine(Displacement: 2.0 Liters,
Used in the Avensis, RAV4and Corolla for Europe)(Displacement: 4.2 Liters,Used in the Land Cruiser)(Displacement: 4.7 Liters,
Used in the Lexus LX470
and the Land Cruiser)(Displacement: 4.5 Liters,
Used in the Land Cruiser)

ANNUAL REPORT 2004 — TOYOTA INDUSTRIES CORPORATION83

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Electronics

Toyota Industries Close-up

Corporate Technical Center
The Corporate Technical Center carries out product planning,
design and manufacture of products related primarily to power
supply and communications. The Center manufactures DC-AC
inverters and DC-DC converters for hybrid cars, both of which
are fitted in TOYOTA cars. It also develops and manufactures
wireless LAN modules. Functioning as Toyota Industries’ R&D
base, the Center is involved in basic R&D in materials and otherfields. The Center also conducts research in such leading-edge
electronics fields as organic light-emitting diodes and radio tuner
modules.

DC-DC Converter
for the Prius

Wireless LAN
ModuleDC-AC Inverter

Radio Tuner
Module(Pre-Installed Type)Electronics

ST Liquid Crystal Display Corp.
ST Liquid Crystal Display Corp. (“ST-LCD”) was established in
1997 as a 50-50 joint venture with Sony Corporation tomanufacture low-temperature polysilicon TFT-LCD panels.
Combining Sony’s superb LCD technology and Toyota
Industries’ expertise in quality control and manufacturing
technology, ST-LCD produces high-quality, high-performance
LCD panels using the Toyota Production System. These LCD
panels are energy-efficient and offer high resolution as well as
high numerical aperture. They also facilitate the integration of thedisplay device and its driver circuits into a single TFT glass
substrate. The resultant reduction in cost and miniaturization ofthe display unit allow the LCD panel to be used in a wide rangeof applications, including mobile phones, digital video and stillcameras, and personal digital assistants.
Low-Temperature
Polysilicon TFT-LCDs

Electronics

TIBC Corporation
TIBC Corporation (“TIBC”), a joint venture between Toyota
Industries and Ibiden Co., Ltd., manufactures ball grid array(BGA) plastic package substrates and flexible printed circuit(FPC) substrates for smart cards. TIBC’s products are soldthrough Ibiden to major integrated device manufacturers
worldwide for use in a wide range of electronic and informationequipment.
Ball Grid Array (BGA)
Plastic Package Substrates

84

ANNUAL REPORT 2004 — TOYOTA INDUSTRIES CORPORATION

Flexible Printed Circuit (FPC)
Substrates

Textile Machinery

Innovation and Creativity in the Global Textile Industry
Tracing its origin to the founding of Toyota Industries, the Textile
Machinery Division develops and produces spinning and weaving
machinery, which is marketed to customers around the world. To
stay ahead of ever-advancing market needs, the Textile
Machinery Division is enhancing its products with the latest

communications, mechatronics and other technologies. Toyota
Industries is a global leader in the manufacture of air-jet looms,
ring spinning frames and roving frames. The Textile Machinery
Division continues its commitment to customer satisfaction witha complete range of high-quality products that meet the needs oftoday’s global textile industry.

Toyota Industries Close-up

Textile Machinery Division

Weaving Machinery

JAT710 Air-Jet Loom

LW600 Series Water-Jet Loom

Mackee Eagle
Sizing Machine for Spun Yarn

Filamaster Express 610
Sizing Machine for Filament Yarn

Spinning Machinery

RX240NEW Ring Spinning Frame

FL100 Roving Frame

DX8 Drawing Frame

VC5A Comber

OthersAutomotive Stamping Dies
Superior Stamping Die Manufacturing
Technologies
Toyota Industries designs and manufactures high-precision,high-quality automotive stamping dies for its Vehicle Division andTMC. Toyota Industries will continue to contribute to TMC’s
production of superior vehicles with stamping dies that offer
excellent quality, cost efficiency and fast delivery times.

Stamping Dies

OthersManufacturing Equipment
Designing and Producing Manufacturing
Equipment In-House
Toyota Industries carries out in-house manufacturing of key
machining and assembly equipment for its various divisions suchas the Compressor Division, Engine Division and ST-LCD, giving
them a competitive edge.
Sealing Equipmentfor LCDs

NC Machine Tool
for Aluminum PartsANNUAL REPORT 2004 — TOYOTA INDUSTRIES CORPORATION85