Chronicle of Our 80-Year History
In November 2006, Toyota Industries celebrated its 80th anniversary. During
the intervening years, Toyota Industries expanded the scope of its business areafrom textile machinery to automobiles, materials handling equipment, electronics
and logistics solutions. Here, we introduce our 80-year history of our business
operations, overseas production and global expansion.

1926

1930s –

1940s –

1950s –

1960s –

Electronics
Production

Materials Handling
Equipment/Logistics

Production of internal combustion
lift trucks commenced.
Automobile Division
set up.

Automobile

Textile MachineryAutomobile Division separates and becomes Toyota Motor Co., Ltd.
(presently Toyota Motor Corporation).
Assembly of automobiles commenced.
Production of engines
Production of car air-conditioningcommenced.
compressors commenced.

Production of spinning machinery commenced.
Production of automatic looms commenced.

Nagakusa
Kyowa Plant commences operation.
Obu Plant commences operation.
Kariya Plant commences operation.

Establishment

Business Diversification

Toyota Industries was established in
1926 in the present-day Kariya, Aichi
Prefecture, to manufacture and sell
automatic looms invented by founder
Sakichi Toyoda. These high-performance
Toyoda Automatic Loomautomatic looms earned widespread
Type G
recognition worldwide, and a patentassignment contract for these looms
was concluded with U.K.-based Platt Brothers & Co., Ltd.
This accelerated the development of domestically produced
automobiles, which had been promoted as a next-generation
business. In 1934, we completed the development of theA-type engine for passenger cars andthe following year completed the A1
prototype passenger car. In 1937, theAutomobile Division was spun off as
Toyota Motor Co., Ltd. (presentlyA1 prototype passenger car
Toyota Motor Corporation).

Toyota Industries commenced
production of engines and assemblyof automobiles at the Kyowa Plant
in 1953. Upon continuous R&D
efforts, Toyota Industries successively
entered new businesses, including the S-type engine assembly line
lift truck business in 1956 and the car
air-conditioning compressor business in 1960. In this manner, wecultivated new fields and diversified and expanded our businesses,
guided by the venture spirit inherited from Sakichi Toyoda.

6TOYOTA INDUSTRIES CORPORATION

LA-type engine lift truck

CC3-type car air-conditioning
compressor

1970s –1980s –

1990s –
Electronics Business commenced.

Overseas production oflift trucks commenced.

of electric lift trucks commenced.

Materials Handling System Sub-Division set up.

2000s –ST Liquid Crystal Display Corp. jointly established with Sony Corporation to produce TFT-LCDs.
TIBC Corporation jointly established with Ibiden Co., Ltd.
to produce semiconductor package substrates.
Production of electronic components for hybrid vehicles commenced.
Logistics Solutions Business commenced.
Aichi Corporation becomes one of Toyota Industries’ subsidiaries.
Industrial Equipment Sales and Service Division ofToyota Motor Corporation (TMC) was transferred to Toyota Industries.
BT Industries AB becomes one of Toyota Industries’ subsidiaries.

Overseas production of foundry parts commenced.
Overseas production of car air-conditioning
compressors commenced.

Overseas production of diesel engines
through a joint venture with TMC commenced.

Overseas production of textile machinery commenced.
Production of air-jet looms commenced.

Production of water-jet looms commenced.
Higashiura Plant commences operation.
Higashichita Plant commences operation.

Hekinan Plant commences operation.
Takahama Plant commences operation.
Plant commences operation.

Enhancing Business and Management Foundations

Global Expansion

As we expanded our businesses, we successively constructed new
specialized plants, including the Nagakusa Plant (vehicles), theKariya Plant for car air-conditioning compressors, the Takahama
Plant (lift trucks) and the Hekinan Plant (engines), thereby
responding to expansion in the scale of production. In 1971,
we established an efficient management
control structure with the introduction of
a divisional organization system. In 1982,
we introduced total quality control, thus
establishing a structure for development
and quality assurance while transforming
our corporate constitution. In 1986,
Deming Application
Toyota Industries was awarded the Deming Prize (1986)
Application Prize.

In the late 1980s, along with the globalization of our business,
we strengthened our overseas production structures in eachbusiness following the establishment of lift truck and car
air-conditioning compressor manufacturing subsidiaries in theUnited States. In the Materials Handling Equipment Business,
BT Industries AB of Sweden joined the Toyota Industries
Group in 2000, and the Industrial Equipment Sales and Service
Division of Toyota Motor Corporation was transferred to Toyota
Industries in 2001. Through such measures, we are maximizing
synergies under an integrated structure that spans development toproduction and sales.
Carrying out operations globally in each business field andextending our business spheres to encompass electronics, wecontinue to further expand our business. We are committed tomaking concerted efforts to further raise our corporate value.
At the end of September 2006, the Toyota Industries Group
comprised 159 consolidated subsidiaries and 21 equity-method
affiliates.

Deming Application Prize
This award is presented to organizations or divisions of organizations
recognized as having achieved remarkable performance improvement throughthe application of total quality management in a designated year.

SEMIANNUAL REPORT 20077