FINANCIAL SUMMARYFY2017(April 1, 2016 through March 31, 2017)

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 corporationand its Group companies undertake no obligation to publicly update or revise any forward-looking statements, whether as aresult of new information, future events or otherwise. Therefore, it is advised that you should not rely solely upon theseprojections and forward-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 materiallyfrom any projections or forward-looking statements discussed in this report. These risks and uncertainties include, but are notlimited 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 price fluctuations, 11) effects of disasters, power blackouts and other incidents, 12) latent risks associated withinternational activities and 13) retirement benefit liabilities.

April 28, 2017

FY2017 Consolidated Financial Results<Japanese GAAP>(April 1, 2016 - March 31, 2017)

TOYOTA INDUSTRIES CORPORATION
Stock exchange listings: Tokyo and Nagoya (Code number: 6201) (URL: https://www.toyota-industries.com/ )Representative person: Akira Onishi, President
Contact person: Kuniaki Matsumoto, General Manager of Accounting Department(Tel. +81-(0)566-22-2511)
The expected date of the Ordinary General Meeting of Shareholders: Jun 9, 2017
The expected date of submission of the securities report: Jun 23, 2017
The expected date of dividends payment: Jun 12, 2017
Additional documents to supplement quarterly financial results: Yes
IR presentation: Yes (For analysts and professional investors)(Amounts less than one million yen are omitted)

1. Financial Highlights for FY2017 (April 1, 2016 - March 31, 2017)(1) Consolidated Financial Results(% : changes from the same period of the previous fiscal year)

Net sales

Operating profit%

Million yen%

Million yen

Profit attributable toowners of the parent

Ordinary profit%

Million yen%

Million yen

FY20172,250,466

0.3

122,969(8.7)

177,121(4.5)

125,534(31.4)FY20162,243,220

3.5

134,712

14.6

185,398

8.5

183,03658.8(Note) Comprehensive income: FY2017 ― 198,548 million yen [- %](Note) Comprehensive income: FY2016 ― (277,053 million yen) [- %]Earnings
per share―basic

Earnings
per share―diluted

Return on equity

Ordinary profit
on assets

Yen

Yen

%

Operating profit
on sales%%

FY2017402.00

-

6.0

4.1

5.5

FY2016582.58582.57

8.3

4.2

6.0

(Note) Equity in net profit of affiliates: FY2017 ― 977 million yen, FY2016 ― 641 million yen(2) Consolidated Financial Position
Total assets

Total net assets

Million yen

Equity ratio

Net assets per share%

Million yen

Yen

FY2017

4,428,644

2,256,271

49.0

6,995.47

FY2016

4,199,196

2,113,948

48.5

6,481.97(Note) Shareholder's equity: FY2017 ― 2,172,018 million yen, FY2016 ― 2,036,808 million yen(3) Consolidated Cash flows
Cash flows fromoperating activities

Cash flows frominvesting activities

Million yen

Cash flows fromfinancing activities

Cash and cash equivalents
at the end of year%

Million yen

Yen

FY2017

245,602(82,509)(6,615)

243,685

FY2016240,169(531,561)

130,923

92,3992. Cash Dividends
Total amountof annual
cash
dividends

Annual cash dividends per share
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Yen

Yen

Yen

Yen

FY Total
Yen

Dividend
payout ratio

Total amountof dividends
on net assets%

Million yen%

FY2016

-

60.00

-

60.00

120.0037,70320.6

1.7

FY2017

-

60.00

-

65.00

125.0038,93731.1

1.9

FY2018(Forecast)

-

65.00

-

65.00

130.0031.0

3. Forecasts of Consolidated Financial Results for FY2018 (April 1, 2017 - March 31, 2018)(% : changes from the same period of the previous fiscal year)

Million yen%

Million yen%

Profit before income
taxesMillion yen%

FY2018 Second
Quarter (accum.)

900,000-

72,000-100,000-

72,000-231.89FY20181,850,000-

135,000-

188,000-

130,000-

418.69Net sales

Operating profit

Profit attributable toowners of the parent
Million yen%

Earnings
per share―basic
Yen(Note) The Company will voluntarily adopt International Financial Reporting Standards(IFRS) beginning with the consolidated financial(Note) statements in the securities report for the fiscal year ended March 31, 2017.
(Note) Therefore, the Company has made the forecasts for the year ending March 31, 2018 based on IFRS and has not made forecasts(Note) based on Japanese GAAP.

4. Others(1) Changes in major subsidiaries (specified subsidaries that changed the scope of 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 11 on attached documents for details on(Note)”Changes in accounting policies, accounting estimates and restatement".
(3) Issued and outstanding capital stock① Number of shares outstanding at end of each period (including treasury stock):
FY2017 － 325,840,640 shares, FY2016 －325,840,640 shares② Number of treasury stock outstanding at end of each period:
FY2017 －15,351,442 shares, FY2016 －11,613,812 shares③ Average number of shares outstanding for each period (accumulated):
FY2017 －312,272,849 shares, FY2016 －314,180,702 shares* This financial report is not subject to the audit procedure.
* 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 105 yen to the U.S. dollar and 115 yen to the eurofor FY2018.
・ Please see page 3 on attached documents for details on performance forecasts in "Future outlook".

(Attached Documents)

Contents

1. Business Results ･･････････････････････････････････････････････････････････････････････2(1) Overview on Consolidated Business Results･･････････････････････････････････････････2(2) Overview on Consolidated Financial Condition･･･････････････････････････････････････3(3) Overview on Cash Flows････････････････････････････････････････････････････････3(4) Future outlook･･････････････････････････････････････････････････････････････3
2. Basic Rationale for Selection of Accounting Standards ･･･････････････････････････････････3
3. Consolidated Financial Statements and main notes ･･･････････････････････････････････････4(1) Consolidated Balance Sheets ･･････････････････････････････････････････････････････4(2) Consolidated Statements of Income and'Consolidated Statements of Comprehensive Income ･･･････････････････････････････6(3) Consolidated Statements of Changes in Total net assets ･･････････････････････････8(4) Consolidated Statements of Cash Flows ･･････････････････････････････････････････10(5) Note on Consolidated Financial Statements ･･･････････････････････････････････････11(Note on premise of going concern) ･･････････････････････････････････････････････11(Basis of Presenting Consolidated Financial Statements) ･････････････････････････11(Changes in accounting policies with revision of accounting standards) ･･･････････11(Changes in presentation)･･････････････････････････････････････････････････････････11(Additional information) ･･････････････････････････････････････････････････････････11(Segment Information) ････････････････････････････････････････････････････････････12(Earnings per share) ･･････････････････････････････････････････････････････････････13(Subsequent event) ･･････････････････････････････････････････････････････････････13―1―

1. Business Results(1) Overview on Consolidated Business Results
In fiscal 2017 (ended March 31, 2017), the global economy mildly expanded underpinned by monetaryand financial policies in respective countries despite a deceleration of the Chinese economy and theanticipated impact of the U.K.’s decision to leave the EU. The Japanese economy continued to grow,albeit incrementally, due mainly to increases in capital investment and exports as well as a recovery inconsumer spending. In this operating environment,Toyota Industries Corporation and its Group
companies (“Toyota Industries”) undertook efforts to ensure customer trust through a dedication toquality as well as to expand sales by responding flexibly to market trends.
As a result, total consolidated net sales amounted to 2,250.4 billion yen, on par with the previous fiscal
year. The following is a review of operations for the major business segments.
The automobile market expanded on a global basis, with Europe, North America and Japan
registering strong sales among developed countries and China posting an increase among emerging
countries. Amid such operating conditions, net sales of the Automobile Segment totaled 1,124.5 billion
yen, an increase of 78.8 billion yen, or 8%.
Within this segment, net sales of the Vehicle Business amounted to 557.6 billion yen, an increase of
77.6 billion yen, or 16%, due to increases in sales of the Vitz (Yaris overseas) and RAV4.
Net sales of the Engine Business totaled 167.3 billion yen, an increase of 9.1 billion yen, or 6%. Despite
an decrease in sales of KD diesel engines, sales of GD diesel engines increased.
Net sales of the Car Air-Conditioning Compressor Business totaled 334.7 billion yen, a decrease of 7.9
billion yen, or 2%. The decrease was attributable mainly to the impact of exchange rate fluctuations
despite an increase in unit sales globally in Japanese, European, Chinese, North American and othermarkets.
Net sales of Electronics Parts, Foundry and Others Business totaled 64.7 billion yen, on par with theprevious fiscal. Despite an decrease in sales of Foundry, sales of Electronics Parts increased.
The materials handling equipment market as a whole continued to expand globally due mainly toincreases in unit sales in Europe and North America as well as a recovery in China, although unit salesin Japan were on par with the previous fiscal year. Amid this operating climate, Toyota Industries
strengthened production and sales structures and rolled out new products matched to respective
markets. In November 2016, Toyota Industries commenced sales of the new 1.0- to 3.5-ton electric lift
trucks, “gene B”. Net sales of the materials handling equipment totaled 1,001.5 billion yen, a decrease of
29.9 billion yen, or 3%. The decrease was attributable mainly to the impact of exchange rate fluctuations
despite an increase in unit sales in European, Japanese and other markets. In addition, in order to
respond to structural changes in the logistics industry and strengthen its logistics solutions business on a
global scale, Toyota Industries concluded an agreement to acquire Bastian Solutions LLC, a major North
American materials handling systems integrator, and the Netherland-based Vanderlande Industries
Holding B.V., the global market leader for value-added logistic process automation, in February 2017
and March 2017, respectively.
The textile machinery market was on a recovery path mainly in the primary markets of China and otheremerging countries in Asia. Net sales of the Textile Machinery Segment totaled 66.2 billion yen, on parwith the same period of the previous fiscal year, sales of Air jet Loom increased while those of weaving
machinery recorded a decrease.
Net sales of the Others Segment totaled 58.0 billion yen, a decrease of 42.2 billion yen, or 42%, due
mainly to sales of all shares of Asahi Securities Co., Ltd. and Wanbishi Archives Co., Ltd. which wereconsolidated subsidiaries, in December, 2015.
In terms of overall profit, despite increases mainly in promoting cost reduction efforts throughout the
Toyota Industries Group, sales efforts and decreases in depreciation costs, Toyota Industries recorded a
decrease in profit due mainly to the impact of exchange rate fluctuations and an increase in labor costs.
As a result, Toyota Industries posted consolidated operating profit of 122.9 billion yen, a decrease of―2―

11.8 billion yen, or 9%, from the previous fiscal year and ordinary profit of 177.1billion yen, a decrease of
8.2 billion yen, or 4%, from the previous fiscal year. Profit attributable to owners of the parent totaled
125.5 billion yen, a decrease of 57.5 billion yen, or 31%, from the previous fiscal year.

(2) Overview on Consolidated Financial Condition
Total assets increased 229.5 billion yen from the end of the previous fiscal year to 4,428.6 billion yen
due mainly to a increase in market value of investment securities. Liabilities amounted to 2,172.3 billion
yen, a increase of 87.1 billion yen from the end of the previous fiscal year due mainly to a increase in
short-term loans payable. Net assets amounted to 2,256.2 billion yen, a increase of 142.3 billion yen
from the end of the previous fiscal year.

(3) Overview on Cash flows
Cash flows from operating activities increased by 245.6 billion yen in fiscal 2017, due mainly toposting profit before income taxes of 177.1 billion yen. Net cash provided by operating activities
increased by 5.5 billion yen compared with an increase of 240.1 billion yen in fiscal 2016. Cash flows
from investing activities resulted in a decrease in cash of 82.5 billion yen in fiscal 2017, attributableprimarily to an increase in payments for purchases of property, plant and equipment amounting to 165.9
billion yen. Net cash used in investing activities decreased by 449.0 billion yen compared with adecrease of 531.5 billion yen in fiscal 2016. Cash flows from financing activities resulted in an decreasein cash of 6.6 billion yen in fiscal 2017, due mainly to decrease in short-term loans payable of 62.5 billion
yen. After adding translation adjustments and cash and cash equivalents at beginning of period, cash
and cash equivalents as of March 31, 2017 stood at 243.6 billion yen, an increase of 151.3 billion yen, or
164%, over fiscal 2016.

(4) Future outlook
With regard to the future economic outlook, the global economy is expected to continue growing.
However, uncertainties surrounding the business environment preclude optimism, as the future trend inmonetary easing in each country, protectionist policies spreading in developed countries, a further
deceleration of the Chinese economy and the occurrence of terrorism and conflicts around the world
require close monitoring. Toyota Industries forecasts consolidated net sales of 1,850.0 billion yen,operating profit of 135.0 billion yen, profit before income taxes of 188.0 billion yen and profit attributableto owners of the parent of 130.0 billion yen. By segment, we forecast net sales of 580.0 billion yen in the
Automobile Segment and 1,156.0 billion yen in the Materials Handling Equipment Segment.
Toyota Industries has made the forecasts based on IFRS and has not made forecasts based onJapanese GAAP.
Our projections are based on exchange rates of ¥105 = US$1 and ¥115 = €1 for fiscal 2018.
Toyota Industries paid an interim cash dividend of 60.0 yen per common share in November 2016.
Toyota Industries plans to pay a year-end cash dividend of 65.0 yen per common share, with total cash
dividends for fiscal 2017 amounting to 125.0 yen per common share, an increase of 5.0 yen in fiscal
2016.

2. Basic Rationale for Selection of Accounting Standards
Toyota Industries has decided to voluntarily adopt IFRS in lieu of Japanese GAAP, to consolidated
financial statements from the fiscal year ending on March 31, 2017, in order to enhance the accounting
analytical capacity in its group management, as well as to improve the international comparability of its
financial information in capital market.

―3―

3. Consolidated Financial Statements and main notes(1) Consolidated Balance Sheets(Million yen)

AssetsCurrent assets:
Cash and deposits
Trade notes and accounts receivable
Lease investment assets
Short-term investments
Merchandise and finished goods
Work in process
Raw materials and supplies
Deferred tax assets
Other current assets
Allowance for doubtful accounts
Total current assets
Fixed assets:
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
LandConstruction 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
Net defined benefit assets
Other investments and other assets
Allowance for doubtful accounts
Total investments and other assets
Total fixed assets
Total assets―4―

FY2016(As of March 31, 2016)

FY2017(As of March 31, 2017)352,302280,807
235,598
10,871
92,29841,86863,03525,185
159,054(3,796)406,354
291,037
245,930
1,004
91,373
42,682
61,25420,000176,929(3,917)

1,257,226

1,332,650

409,545(249,496)
160,048
1,224,541(773,207)
451,334
130,840(103,390)
27,449
119,897
22,521

418,810(256,825)
161,984
1,267,187(804,620)
462,567
133,428(107,193)
26,234
122,357
25,885781,251

799,029

76,98093,23469,002
90,118170,214

159,120

1,945,123
14,1098,215
24,458(1,403)

2,088,812
16,375
12,204
21,881(1,431)

1,990,504
2,941,970
4,199,196

2,137,843
3,095,994
4,428,644

(Million yen)

Liabilities
Current liabilities:
Trade notes and accounts payable
Short-term loans payable
Commercial papers
Current portion of bonds
Lease obligations
Accounts payable-otherAccrued income taxes
Deferred tax liabilities
Allowance for bonuses to directors
Other current obligations
Total current liabilities
Long-term liabilities:
Bonds payable
Long-term loans payable
Lease obligations
Deferred tax liabilities
Net defined benefit liabilities
Other long-term liabilities
Total long-term liabilities
Total liabilities
Net assets
Shareholders' equity:
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Defined benefit plan adjustments
Total accumulated other comprehensive income
Subscription rights to shares
Non-controlling interests
Total net assets
Total liabilities and net assets―5―

FY2016(As of March 31, 2016)

FY2017(As of March 31, 2017)

214,162
170,844
19,99941,41125,75447,473
149
644
153,195
673,636

242,225
240,11752,50810,00036,98028,554
10,3781,211
495
154,045776,516

191,555
508,593
98,771500,077
90,92021,692
1,411,611
2,085,248

261,653402,204
72,275544,116
94,911
20,693
1,395,855
2,172,372

80,462
105,562
789,502(41,266)
934,260

80,462
105,497
877,427(59,272)
1,004,114

1,105,544
360
22,813(26,169)
1,102,547
6
77,133
2,113,948
4,199,196

1,186,142
67
4,117(22,423)
1,167,903
84,2532,256,271
4,428,644

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statements of Income(Million yen)
FY2016(April 1,2015March 31, 2016)

FY2017(April 1,2016 March 31, 2017)

Net sales

2,243,220

2,250,466

Cost of sales

1,812,293

1,839,529

Gross profit

430,926

410,937

Sales commissions

16,94417,014

Salaries and allowances

100,775

94,455Retirement benefit expenses

5,232

4,324

Depreciation

14,76913,922

Research and development expenses

43,05447,953

Other

115,436

110,298

Total selling, general and administrative expenses

296,214287,967

134,712122,969

Interest income

1,385

994

Dividends income

65,01562,244Gain on sales of marketable securities
Equity in net earnings of affiliated companies
Other non-operating income

242
641
10,809

2,332
977
9,437

Total non-operating income

78,09575,987

Interest expenses

11,0298,354

Loss on disposal of fixed assets

1,675

2,156

Other non-operating expenses

14,703

11,324

Total non-operating expenses

27,40821,835

Ordinary income

185,398

177,121Extraordinary income:Gain on sales of shares of subsidiaries
Total extraordinary income
Profit before income taxes
Income taxes-current

89,81989,819275,218
79,514

177,12133,175

Income taxes-deferred

3,931

9,932

Total income taxes

83,445

43,107

Profit191,772

134,013

Profit attributable to non-controlling interests

8,735

8,479

Profit attributable to owners of the parent

183,036

125,534

Selling, general and administrative expenses:

Operating income
Non-operating income:Non-operating expenses:―6―

Consolidated Statements of Comprehensive Income(Million yen)
FY2016(April 1,2015March 31, 2016)

FY2017(April 1,2016 March 31, 2017)

Profit191,772

134,013

Other comprehensive income:
Valuation difference on available-for-sale securities(417,966)

80,830379(292)(35,659)(14,872)(19,379)
3,803

(707)

(427)

(468,826)

64,534Comprehensive Income(277,053)

198,548

Profit attributable to:
Owners of the parent(281,925)

190,890

4,871

7,657

Deferred gains or losses on hedges
Foreign currency translation adjustment
Defined benefit plan adjustments
Share of other comprehensive income ofassociates accounted for using equity method
Total other comprehensive income

Non-controlling interests―7―(3) Consolidated Statements of Changes in Total net assets
FY2016 (April 1, 2015 - March 31, 2016)(Million yen)
Shareholders’ equity

Balance at the end of previous period

Capital stock

Capital surplus

80,462

105,592

Retainedearnings

644,165

Treasury stock

Total
shareholders’equity(41,509)788,711

Changes of items during the period
Change in ownership interest of parent related totransactions with non-controlling interests

00

Dividends from surplus(37,699)(37,699)

Profit attributale to owners of the parent

183,036

183,036

Repurchase of treasury stock
Disposal of treasury stock

(30)

(20)

(20)

263

232

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

-

(30)

145,337

242

145,549

80,462

105,562

789,502(41,266)

934,260

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

1,523,393(19)

55,598(11,463)

1,567,509

Subscription
rights to shares

Non-controllinginterests

Total net assets

72

69,6362,425,929

Changes of items during the period
Change in ownership interest of parent related totransactions with non-controlling interests

0

Dividends from surplus(37,699)

Profit attributale to owners of the parent

183,036

Repurchase of treasury stock(20)

Disposal of treasury stock

232

Changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period(417,849)

379(32,785)(14,706)(417,849)

379(32,785)

1,105,544

360

22,813―8―(464,962)

(65)

7,496

(457,531)(14,706)(464,962)

(65)

7,496

(311,981)(26,169)

1,102,547

6

77,133

2,113,948

FY2017 (April 1, 2016 - March 31, 2017)(Million yen)
Shareholders’ equity

Balance at the end of previous period

Capital stock

Capital surplus

80,462

105,562

Retainedearnings

789,502

Treasury stock

Total
shareholders’equity(41,266)

934,260

Changes of items during the period
Change in ownership interest of parent related totransactions with non-controlling interests

(64)

(64)

Dividends from surplus(37,609)(37,609)

Profit attributale to owners of the parent

125,534

125,534

Repurchase of treasury stock
Disposal of treasury stock(18,011)(18,011)

5

5

(0)

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

-

(65)

87,924(18,005)

69,85380,462

105,497

877,427(59,272)

1,004,114

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

1,105,544

360

22,813(26,169)

1,102,547

Subscription
rights to shares

Non-controllinginterests

Total net assets

6

77,133

2,113,948

Changes of items during the period
Change in ownership interest of parent related totransactions with non-controlling interests(64)

Dividends from surplus(37,609)

Profit attributale to owners of the parent

125,534

Repurchase of treasury stock(18,011)

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

580,598(292)(18,695)

80,598(292)(18,695)

1,186,142

67

4,117

―9―

3,746

65,356(6)

7,120

72,4693,746

65,356(6)

7,120

142,323(22,423)

1,167,903-

84,2532,256,271

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

Cash flows from operating activities:
Profit before income taxes
Depreciation and amortization
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 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
Payments for transfer of business
Others, net
Net cash used in investing activities
Cash flows from financing activities:
Payments for acquisition of subsidiaries' stock
not resulting in change in scope of consolidation
Proceeds from sales of subsidiaries' stock
not resulting in change in scope of consolidation
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 non-controlling interests
Proceeds from payment by non-controlling interests
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― 10 ―FY2016(April 1,2015 March 31, 2016)

FY2017(April 1,2016 March 31, 2017)

275,218
150,011788(66,401)
11,029(641)(27,464)(6,932)
10,773(118,540)
227,841
66,398(10,842)(43,227)
240,169

177,121
154,648297(63,239)
8,354
(977)
(16,646)(2,673)
26,392(9,370)273,907
63,563(8,617)(83,250)
245,602(152,943)
10,101(716)
375(165,947)
10,113(30,612)
7,590(9,717)(2,855)140,097

-

(572)
917
(237,898)(277,643)(3,561)(531,561)

(616)
952
107,462(3,269)(5,327)(82,509)

(155)

(131)

524

463

83,408
153,980(38,574)
25,555(46,966)(20)(37,699)(1,860)102(7,370)130,923
4,161(156,307)248,706
92,399(62,502)
64,025(35,801)
79,755(20,000)(18,011)(37,609)(2,260)2,245
23,210(6,615)(5,191)
151,286
92,399243,685

(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 : 207(Addition 7 companies)
Shanghai Makisin Toyota Forklift Co., Ltd.
Toyota Industries North America, Inc. Group (1 company)
Toyota Industries Europe AB Group (4 companies)
The Raymond Corporation Group (1 company)(Removal 14 companies)
Uster Technoloies AG Group (1 company)
Cascade Corporation Group (3 companies)
Toyota Material Handling Australia Pty Limited Group (10 companies)(6) (Matters concerning the application of equity method)(7) Equity-method affiliates : 11
(Removal 1 company)
Toyota Motor Industries Poland Sp. z o.o.
(6) (Changes in accounting policies with revision of accounting standards)
In accordance with the revision of the Corporation Tax Act, effective from fiscal 2017 a part ofconsolidated subsidiaries in Japan adopted the Practical Solution on a Change in Depreciation Method
due to Tax Reform 2016 (Practical Issue Task Force No. 32, June 17, 2016).
Accordingly, Toyota Industries has changed the depreciation method for facilities attached to buildings
and structures acquired on or after April 1, 2016 from the declining-balance method to the straight-line method.
(6) (Changes in presentation)
Until the previous fiscal year, regarding profits and expenses arising from the sales financing businessfor materials handling equipment, profits had been included in “Interest income” under “Non-operating
profit” while expenses had been included in “Interest expenses” under “Non-operating expenses.”
Starting from fiscal 2017, “Interest income” is included in “Net sales” while “Interest expenses” is included
in “Cost of sales.
“Long-term loans receivable” and “Lease investment assets” related to the sales financing business formaterials handling equipment had been classified as “Fixed assets.” Starting from fiscal 2017, Toyota Industries
has changed the classification to “Current assets” in accordance with the normal operating cycle rule.
Furthermore, regarding profits and expenses arising from the sales financing business for materials handlingequipment, related amounts are excluded from "Interest and dividends income", "Interest expenses", "Interest anddividends received" below subtotal and "Interest expenses paid" below subtotal under "Cash flows from operating
activities" because “Interest income” is included in “Net sales” while “Interest expenses” is included in “Cost of sales.
Regarding increase and decrease of loans receivable related to the sales financing business for materials handlingequipment, it had been included in “Payments for loans made” and "Proceeds from collections of loans" under“Cash flows from investing activities”. Starting from fiscal 2017, it is included in “Others, net” under "Cash flows
from operating activities".
(6) (Additional information)(Revised Implementation Guidance on Recoverability of Deferred Tax Assets)
Toyota Industries adopted “Revised Implementation Guidance on Recoverability of Deferred Tax
Assets” (Accounting Standards Board of Japan Guidance No.26, March 28, 2016) from fiscal 2017.

― 11 ―

(Segment Information)
FY2016 (April 1,2015 - March 31, 2016)(Million yen)

Automobile

Materials
handling
equipment

Textilemachinery

1,045,782
25,162
1,070,945
33,348554,523

1,031,480
2,416
1,033,896
87,143
1,273,008

53,47337,999OthersTotal

Eliminations

Consolidated

65,684224
65,9084,115
46,357100,273
23,750124,024
9,393
235,486

2,243,220
51,554
2,294,774
134,000
2,109,375(51,554)(51,554)711
2,089,821

2,243,220
2,243,220
134,712
4,199,196

75,322

3,309

7,537

139,642-

139,642

125,584

2,095

7,465

173,145-

173,145

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
Textile machinery……………… Weaving machinery, spinning machinery, instruments for yarn testing and cotton classing
Others……………………………Land transportation services(Notes) 2. Segment profit of 711 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 profit is adjusted to operating profit of Consolidated Statements of Income.

FY2017 (April 1,2016 - March 31, 2017)(Million yen)

Automobile

Materials
handling
equipment

Textilemachinery

1,124,596
23,815
1,148,411
26,931
523,3131,001,572
1,131
1,002,704
84,3501,328,137

52,735
46,148OthersTotal

Eliminations

Consolidated

66,265
210
66,476
5,062
41,541

58,032
23,40981,441
6,503
286,306

2,250,466
48,5682,299,034
122,848
2,179,298(48,568)(48,568)121
2,249,345

2,250,466

88,464

3,017

2,854

147,041-

147,071

141,009

3,065

4,191

194,414-

194,414

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

2,250,466
122,969
4,428,644(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
Textile machinery……………… Weaving machinery, spinning machinery, instruments for yarn testing and cotton classing
Others……………………………Land transportation services(Notes) 2. Segment profit of 121 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 profit is adjusted to operating profit of Consolidated Statements of Income.
(Notes) 4. Starting from fiscal 2017, Toyota Industries has reclassified the reporting segment(Notes) 4. previously presented as the Logistics Segment because of its immateriality and included its results in(Notes) 4. either the Materials Handling Equipment Segment or the Others Segment.
(Notes) 4. The segment information for the previous fiscal year is presented after the reclassification.

― 12 ―

(Earnings per share)
FY2016(April 1,2015 March 31, 2016)
Net assets per share (exact yen amounts)

FY2017(April 1,2016 March 31, 2017)
6,481.97

Net assets per share (exact yen amounts)

6,995.47

Earnings per share-basic (exact yen amounts)

582.58

Earnings per share-basic (exact yen amounts)

402.00Earnings per share-diluted (exact yen amounts)

582.57

Earnings per share-diluted (exact yen amounts)-(Note) 1. Earnings per share-diluted for fiscal 2017 is not shown as there is no dilutive shares.
(Note) 2. The basis of calculation for earnings per share and earnings per share-diluted is as follows:(Million yen)
FY2017(April 1,2016 March 31, 2017)

FY2016(April 1,2015 March 31, 2016)
1 Earnings per share- basic
Profit attributable to owners of the parent
Profit not attributable to common shareholders
Profit attributable to owners of the parent on common stock
Weighted-average shares(thousand)

183,036
183,036

125,534
125,534

314,180

312,2725
5-

2 Earnings per share-diluted
Remeasurements of profit attributable to owners of the parent
Increase in common stock outstanding(thousand)
Subscription rights to shares(thousand)(Note) 3. The basis of calculation for net assets per share is as follows:
FY2016(April 1,2015 March 31, 2016)
Total net assets
Amounts deducted from total net assets
Subscription rights to shares
Non-controlling 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― 13 ―(Million yen)
FY2017(April 1,2016 March 31, 2017)

2,113,948
77,139
6
77,133
2,036,808

2,256,271
84,25384,253
2,172,018

314,226

310,489