At a Glance

At a Glance
Toyota Industries engages in activities that span a diverse
spectrum of business domains. These range from the Textile
Machinery Segment, the business upon which we were founded,to such core businesses as the Automobile Segment and theMaterials Handling Equipment Segment. Our businesses also
encompass the Others Segment.
Essentially, Toyota Industries is a conglomerate that engages
in a wide range of businesses, with clearly defined corebusinesses. By strategically and organically combining theabundance of different technologies, production know-how andcustomer bases cultivated in each of our businesses, Toyota
Industries makes the whole greater than the sum of the parts.
Note: Segment net sales figures do not include intersegment transactions. However,segment operating income figures do include operating income arising fromintersegment transactions.

Automobile Segment
The Automobile Segment, comprising vehicles, engines,
car air-conditioning compressors and other businesses(including foundry parts for engines and electronic
components for automobiles) is Toyota Industries’
largest business segment, accounting for 51.9% ofconsolidated net sales in fiscal 2004. The Vehicle
Business produces the Vitz (Yaris in Europe), RAV4 (forEurope and North America) and Corolla Sedan (forNorth America). The Engine Business produces the 1CDand 1HZ diesel engines as well as the 2AZ and 1FZgasoline engines. Our Car Air-Conditioning Compressor
Business develops and produces various types ofcompressors, including swash plate compressors withfixed displacement, one-way swash plate compressors
with continuous variable displacement and scroll-typecompressors. We supply these to the world’s leading
automakers through DENSO Corporation.
Net sales of the Automobile Segment for fiscal 2004
amounted to ¥603.9 billion in fiscal 2004. Operating
income was ¥27.5 billion.

Materials Handling Equipment
Segment
The Materials Handling Equipment Segment’s
core products include the GENEO (7FG/D outsideJapan) internal combustion counterbalanced
forklift truck, the GENEO-B (7FB outside Japan)
electric counterbalanced forklift truck, warehousetrucks, automated storage and retrieval systems,
and automatic guided vehicle systems. This
segment consists mainly of TOYOTA Material
Handling Company (an in-house company), theBT Industries Group and Aichi Corporation, whichbecame a consolidated subsidiary in May 2003
and commands a large share of the domestic
market for aerial work platforms.
Net sales of the Materials Handling Equipment
Segment for fiscal 2004 amounted to ¥443.4billion. Operating income was ¥19.3 billion.

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ANNUAL REPORT 2004 — TOYOTA INDUSTRIES CORPORATION

Vitz (Yaris)

7SEU16 compressor

1CD diesel engine
Business/Operation

ProductsVehicle

Passenger vehicles

EngineDiesel engines, Gasoline engines, etc.

Car Air-Conditioning
Compressor

Car air-conditioning compressors, etc.

OthersElectronic equipment for automobiles,
Foundry parts for automobiles, etc.

Business/Operation
Industrial Vehicle

Products
Counterbalanced forklift trucks,
Warehouse trucks, Aerial work
platforms, etc.

Materials Handling
SystemAutomated storage and retrievalsystems,
Automatic guided vehicle systems, etc.

SH-15A
Truck mount aerial
work platform

GENEO-B (7FB15)
Electric counterbalanced
forklift truck

BT REFLEX AC
Reach truck

3.9%

6.1%

38.1%

Automobile
Materials Handling Equipment
Textile Machinery
OthersAt a Glance

Percentage ofNet Sales

51.9%
0.2%
10.9%
36.7%

52.2%

Percentage ofOperating Income(Elimination of intersegment transactions is not included.)

Textile Machinery Segment
The Textile Machinery Segment engages in the manufactureand sales of spinning and weaving machinery. In spinningmachinery, this segment produces ring spinning frames, roving
frames and combing machines. Toyota Industries also
manufactures and sells weaving machinery, including air-jet
looms and water-jet looms as well as such preparatory
machinery for weaving as sizing machines and automatic
drawing-in machines.
Net sales of the Textile Machinery Segment for fiscal 2004
totaled ¥46.0 billion. Operating income was ¥0.1 billion.

Business/Operation

Products

Spinning Machinery

Ring spinning frames, Roving frames,
Drawing frames, etc.

Weaving Machinery

Air-jet looms, Water-jet looms,
Sizing machines, etc.

RX240NEW
Ring spinning frame

JAT710 air-jet loom

Others Segment
The Others Segment consists mainly of businesses that
we have entered recently. Although the scale of theiroperations is still relatively small, we view thesebusinesses as future pillars of corporate growth. The
core businesses of the Others Segment are theElectronics Business and Logistics Solutions Business.
The Electronics Business is made up of the Corporate
Technical Center (an in-house organization), ST Liquid
Crystal Display Corp.* (“ST-LCD,” a joint venture withSony Corporation) and TIBC Corporation (“TIBC,” a jointventure with Ibiden Co., Ltd.). The Corporate TechnicalCenter is involved in the development and production ofpower electronics parts for automobiles. ST-LCD
produces low-temperature polysilicon TFT-LCDs, while
TIBC manufactures ball grid array (BGA) plastic package
substrates and flexible printed circuit (FPC) substrates.
The Logistics Solutions Business undertakes all phasesof logistics for companies on an outsourced basis. We
plan to accelerate efforts to develop the Electronics andLogistics Solutions businesses into mainstay businessesof Toyota Industries.
Net sales of the Others Segment for fiscal 2004 amountedto ¥71.1 billion. Operating income was ¥5.8 billion.
*As ST-LCD is not a consolidated subsidiary but an affiliate, its sales and operating
income (loss) are not included in the consolidated figures, but are accounted forby the equity method.

DC-DC converter

Low-temperaturepolysilicon TFT-LCDs

Ball grid array (BGA)
plastic package substrates

Business/Operation

Products/ServiceCorporate TechnicalCenter

DC-DC converter, DC-AC inverter, Radiotuner modules, Wireless LAN modules,etc.

ST Liquid Crystal
Display Corp.

Low-temperature polysilicon TFT-LCDs

TIBC Corporation

Ball grid array (BGA) plastic packagesubstrates,
Flexible printed circuit (FPC) substrates

Others

Logistics solutions,
Production equipment, etc.

ANNUAL REPORT 2004 — TOYOTA INDUSTRIES CORPORATION

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