FINANCIAL SUMMARYFY2010(April 1, 2009 through March 31, 2010)

English translation from the original Japanese-language document- 1 -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.

- 2 -April 28, 2010

FY2010 Consolidated Financial Results
TOYOTA INDUSTRIES CORPORATION
Stock exchange listings: Tokyo, Osaka and Nagoya (Code number: 6201) (URL: http://www.toyota-industries.com/ )Representative person: Tetsuro Toyoda, President
Contact person: Toshifumi Ogawa, Managing Officer, General Manager of Accounting Department (Tel. +81-(0)566-22-2511)
The expected date of the Ordinary General Meeting of Shareholders: June 23, 2010
The expected date of dividend payment: June 24, 2010
(Amounts less than one million yen are omitted)

1. Financial Highlights for FY2010 (April 1,2009 - March 31, 2010)(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

FY20101,377,769(13.0)

22,002-31,756121.4(26,273)-

FY20091,584,252(20.8)(6,621)-

14,343(88.7)(32,767)-

Net income
per share―basic

Net income
per share―diluted

Return on equity

Yen

Yen

%

Ordinary incomeon assets%

Operating incomeon sales%

FY20100(84.33)

-

(2.6)

1.3

1.6

FY2009(105.16)

-

(2.8)

0.5

(0.4)

(Notes) Equity in net income of affiliates: FY2010 ― 744 million yen, FY2009 ― (3,130) million yen(2) Consolidated Financial Position
Total assets

Total net assets

Million yen

Equity ratio

Net assets per share%

Million yen

Yen

FY20102,589,246

1,104,929

40.8

3,390.02

FY20092,327,432

0,977,670

40.0

2,987.16(Note) Shareholders' equity: FY2010 ― 1,056,230 million yen, FY2009 ― 930,730 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

FY2010203,452

0(36,855)0(38,230)

317,590

FY2009065,768(114,217)

120,971

188,011

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

Yen

Year-end

Yen

Yen

Yen

Total amount
Dividendof annual
payout ratio
cash dividends

Total amountof dividends
on net assets%%

Million yen

FY2009

-

30.00

-

10.00

40.00

12,463-

1.1

FY2010

-

10.00

-

20.00

30.00

09,347-0.9

FY2011(Forecast)

-

15.00

-

15.00

30.00

34.6

(Note) Forecast of cash dividends per share for fiscal 2011 has not been decided yet.
3. Forecasts of Consolidated Financial Results for FY2011 (April 1, 2010 - March 31, 2011)(% : change from the same period of previous year)

Net sales

Operating income

Million yen%

Million yen

FY2011 Second
quarter(accm)

0,690,000

009.9

020,000

FY20111,400,000

001.6

045,000%

Ordinary income

Net income
per share―basic

Net income

Million yen%

Million yen-

023,000

439.2

012,500

-

40.12

104.5

050,000

057.4

027,000

-

86.66

- 1 -

%

Yen

4.Others(1) Changes in major subsidiaries : No
(2) Changes in accounting standards, procedures and method of presentation of consolidated financial statements(changes made in significant items that form the basis of preparation of consolidated financial statements)①Changes arising from revision of accounting policies : Yes②Changes other than ① : No
(Note)Please see page 13 for details on changes in accounting policies in(Note)"Changes of Basis of Presenting Consolidated Financial Statements ".
(3) Issued and outstanding capital stock①Number of shares outstanding at end of each year:①FY2010 －325,840,640 shares, FY2009 －325,840,640 shares②Number of treasury stock outstanding at end of each year:②FY2010－14,269,943 shares, FY2009 －14,263,027 shares③Average number of shares outstanding for each year:③FY2010 －311,573,341 shares, FY2009 －311,584,015 shares(Reference) Overview of Non-consolidated Financial Results for FY2010
1. Financial Highlights for FY2010 (April 1,2009 - March 31, 2010)(1) Non-consolidated Financial Results(% : change from the previous year)

Net sales

Operating income%

Million yen

Ordinary income%

Million yen

Net income%

Million yen%

Million yen

FY2010892,8930(5.0)

18,394-26,30829.0

17,362-

FY2009940,008(22.8)(9,780)-20,387(73.5)(2,705)-

Net income
per share―basic

Net income
per share―diluted

Yen

Yen

FY2010055.73-

FY200900(8.68)-(2) Non-consolidated Financial Position
Total assets

Total net assets

Million yen

Equity ratio

Net assets per share%

Million yen

Yen

FY20102,161,479

1,051,752

48.6

3,370.13

FY20091,810,296

0,888,826

49.0

2,848.73(Note) Shareholders' equity: FY2010 ― 1,050,032 million yen, FY2009 ― 887,601 million yen
2. Forecasts of Non-Consolidated Financial Results for FY2011 (April 1, 2010 - March 31, 2011)(% : change from the same period of previous year)

Net sales

Operating income

Million yen%

Million yen

FY2011 Second
quarter(accm)

440,000

13.0

10,000FY2011880,0000(1.4)

20,000%Ordinary income

Net income
per share―basic

Net income

Million yen%

Million yen%-

14,000274.1

10,000

114.9

32.10

8.7

26,00000(1.2)18,000

003.7

57.77

Yen

* Explanation regarding the proper use of performance forecasts and other special items(Performance forecasts)
・ All projections are based on the information available to management at the time of making
this report and are not guarantees of future performance. Certain risks and 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 ¥90 = US$1 and ¥125 = €1.

- 2 -[Qualitative Information and Financial Statements]
1. Business Results(1) Analysis on Consolidated Business Results
In fiscal 2010 (ended March 31, 2010), the global economic recession persisted even thoughcertain Asian countries, especially China, witnessed an economic recovery and economies in the
United States, Europe and other countries appear to have bottomed out owing to the effects ofeconomic stimulus measures. Despite signs of steady improvements such as increases in exports
and decreases in private-sector capital investment leveling off, the Japanese economy remained ingrave condition as consumer prices continued to gradually decline and the unemployment rate
remained high.
In such operating environment, Toyota Industries undertook efforts to strengthen its management
platform by ensuring customer trust through its dedication to quality as well as driving hard fixedcost-reduction in a comprehensive manner.
Toyota Industries also proceeded with emergency earnings recovery activities in a systematic andquick manner to respond to the severe market circumstances since autumn 2008. Consequently, Toyota
Industries earned operating profit in fiscal 2010, while posting operating loss in fiscal 2009 (ended March
31, 2009).
In fiscal 2010, total consolidated net sales of Toyota Industries amounted to 1,377.7 billion yen, adecrease of 206.5 billion yen, or 13%, from fiscal 2009 due to lower sales in the materials handlingequipment market. The following is a review of operations for the major business segments.
The automobile industry saw a mild recovery in the market due to the effects of economic stimulus
measures as tax cuts or incentives. Amid such operating conditions, net sales of the Automobile
Segment totaled 778.3 billion yen, an increase of 22.4 billion yen, or 3%, from fiscal 2009.
Within this segment, net sales of the Vehicle Business amounted to 398.7 billion yen, an increase of
20.6 billion yen, or 5%, due mainly to an increase in unit sales of the RAV4, despite decreases in unit
sales of the Vitz (Yaris overseas) and Mark X ZiO. Net sales of the Engine Business totaled 165.0 billion
yen, an increase of 8.4 billion yen, or 5%, attributable primarily to an increase in unit sales of AR
gasoline engines. Net sales of the Car Air-Conditioning Compressor Business totaled 177.0 billion yen, adecrease of 9.3 billion yen, or 5%, resulting from decreases in production volume by automakers.
In the materials handling equipment industry as a whole, the market remained in grave condition
despite market growth in certain emerging countries. Although Toyota Industries aggressively engaged
in global sales promotion activities for lift trucks, a mainstay product of this segment, unit sales
decreased. A decline in unit sales of truck mount aerial work platforms was also a key factor. As a result,net sales of the Materials Handling Equipment Segment totaled 431.6 billion yen, a decrease of 208.0
billion yen, or 33%.
In the logistics industry as a whole, the overall operating environment remained severe as the volume
of cargo transport continued to decline in the Japanese market. Net sales of the Logistics Segment
amounted to 108.5 billion yen, a decrease of 6.3 billion yen, or 5%, despite the strong performanceby businesses engaged in collection and delivery of cash and management of sales proceeds. Thiswas offset by a decline in sales of the cargo transport business of automotive-related parts.
In the textile machinery industry as a whole, the market remained severe even though the primarymarket of China experienced a mild recovery. Net sales of the Textile Machinery Segment totaled 20.8
billion yen, a decrease of 8.7 billion yen, or 29%, owing mainly to a significant decrease in unit salesof air-jet looms to China.
In terms of overall profit, due to concerted efforts during fiscal 2010 to realize and maintain astreamlined structure mainly through reductions in personnel costs, expenses and capital- 3 -investments, such measures could offset lower sales in Japan and overseas. As a result, Toyota
industries posted consolidated operating income of 22.0 billion yen compared with an operating lossof 6.6 billion yen in the previous fiscal year. Ordinary income amounted to 31.7 billion yen, an
increase of 17.4 billion yen, or 121%, while a net loss totaled 26.2 billion yen, compared with a net
loss of 32.7 billion yen in the previous fiscal year, due primarily to posting a loss arising frombusiness restructuring of the Materials Handling Equipment Segment as an extraordinary loss.
In fiscal 2011 (ended March 31, 2011), although the global economy is projected to gradually
recover, uncertainties remain with regards to automobile sales after the end of economic stimulus
measures as tax cuts or incentives, fluctuations in material prices such as iron or oil as well as
concerns about the financial crisis and further deterioration in the employment situation. As a result,the operating environment continues to preclude optimism.
Amid this challenging environment, the Toyota Industries Group will continue to undertake
concerted efforts on a global basis to quickly and thoroughly rebuild our business structure into a
more muscular and stronger one. For medium- to long-term growth, we will pursue greater
efficiency and further improvement of our business structure. Specifically, we will maintain astreamlined structure through the reduction of fixed costs and increase the competitiveness of our
products by enhancing cost planning activities by product. We will take every opportunity toward
sales expansion with strongly paying close attention to the needs in the market.
Toyota Industries forecasts consolidated net sales of 1,400.0 billion yen, operating income of 45.0
billion yen, ordinary income of 50.0 billion yen and net income of 27.0 billion yen. By segment, we
forecast net sales of 745.0 billion yen in the Automobile Segment and 470.0 billion yen in the
Materials Handling Equipment Segment. Our projections are based on exchange rates of ¥90 =US$1 and ¥125 = €1 for fiscal 2011.

(2) Analysis on Consolidated Financial Condition
Total assets increased 261.8 billion yen from the end of the previous fiscal year to 2,589.2 billion
yen due mainly to an increase in market value of investment securities. Net assets amounted to
1,104.9 billion yen, an increase of 127.3 billion yen from the end of the previous fiscal year.
Cash flows from operating activities increased by 203.4 billion yen in fiscal 2010, due mainly todepreciation and amortization of 110.1 billion yen and a loss before income taxes of 11.3 billion yen. Net
cash provided by operating activities increased by 137.7 billion yen compared with an increase of 65.7
billion yen in fiscal 2009. Cash flows from investing activities resulted in a decrease in cash of 36.8 billion
yen in fiscal 2010, attributable primarily to payments for purchases of property, plant and equipment
amounted to 48.3 billion yen. Net cash used in investing activities decreased by 77.4 billion yen
compared with a decrease of 114.2 billion yen in fiscal 2009. Cash flows from financing activities
resulted in a decrease in cash of 38.2 billion yen in fiscal 2010, due mainly to repayments of short-termloans of 37.6 billion yen. After adding translation adjustments and cash and cash equivalents at
beginning of period, cash and cash equivalents as of March 31, 2010 stood at 317.5 billion yen, an
increase of 129.5 billion yen, or 69%, over fiscal 2009.

(3) Cash Dividends for FY2010
Toyota Industries paid an interim cash dividend of 10.0 yen per common share in November 2009.
However, after deliberation on business performance, funding requirement and other factors, Toyota
Industries plans to pay a year-end cash dividend of 20.0 yen per common share, with total cash
dividends for fiscal 2010 amounting to 30.0 yen per common share, a decrease of 10.0 yen per commonshare from fiscal 2009.

- 4 -2. Overview of Toyota Industries GroupThe disclosure of the business line chart (business contents) and overview of associated companies
is omitted, as there are no significant changes from the information in the most recent annual securities
report (submitted on June 19, 2009).

3. Management Policy(1) Basic Management Policy
The basic management policies of Toyota Industries Corporation and its Group companies (“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. It will also use retained
earnings to repurchase treasury stock.
(3) Medium- to Long-Term Management Strategies
Based on quality first, Toyota Industries regards giving considerations to the environment and safety
as well as increasing our competitive strengths to be important issues to tackle over the medium to longterm. We will promote product development and advanced technology development to offer highvalue-added products that anticipate customer needs. Specifically, we will pursue business expansion
by refining our element technologies for contributing to electrification, lighter weight and energy
efficiency and by incorporating these technologies into new products released by our mainstay
businesses of automobiles and materials handling equipment. This approach is based on the
keywords of the 3Es, which Toyota Industries defines as “energy,” “environmental protection” and“ecological thinking” incorporated into our products and operating activities. For the markets inemerging countries, in which expansion is expected, we will strive to quickly establish morecustomer-oriented supply chain management via product planning and product development to- 5 -meet the needs in respective local markets.
To support such consolidated management on a global scale, Toyota Industries will strive to nurture
people who take the initiative to learn, think and act and who will enhance the power of the workplace.
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.

- 6 -4. Consolidated Financial Statements(1) Consolidated Balance Sheets(Million yen)
FY2009(As of March 31, 2009)

FY2010(As of March 31, 2010)

AssetsCurrent assets:
Cash and deposits

169,743

287,965

Trade notes and accounts receivable

158,798

163,708

Short-term investments
Merchandise and finished goods

58,83844,237

71,39137,358Work in process

30,50025,672

Raw materials and supplies

27,42325,318Deferred tax assets

16,60017,182Other current assets
Allowance for doubtful accounts

64,632(2,806)47,307(3,103)

Total current assets

567,967

672,801

362,258(180,043)

366,977(196,985)

182,214
777,352

169,991
781,683(524,949)
252,402(569,604)
212,079

103,760(78,162)

108,056(86,215)

25,598110,078
18,970589,264

21,840
119,5178,547
531,977

107,072
11,736
118,80972,745
9,976
82,722907,524
5,954
11,578
126,534(199)
1,051,391
1,759,464
2,327,432

1,162,685
5,554
10,429123,278(202)
1,301,744
1,916,444
2,589,246

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
SoftwareTotal intangible assets
Investments and other assets:
Investment securities
Long-term loans receivable
Deferred tax assets
Other investments and other assets
Allowance for doubtful accounts
Total investments and other assets
Total fixed assets
Total assets- 7 -(Million yen)
FY2009(As of March 31, 2009)

FY2010(As of March 31, 2010)

Liabilities
Current liabilities:
Trade notes and accounts payable

104,658

141,787

Short-term loans payable

63,187

46,241

Commercial papers

26,356

9,575

Current portion of bonds

32,07250,446

Accounts payable-other

25,34913,149

Income taxes payable

7,570

15,014

Deferred tax liabilities

249

316

Provision for directors' bonuses

214

310

Other current liabilities

154,720

158,100

Total current liabilities

414,379

434,941

Bonds payable

231,501

231,401

Long-term loans payable

285,340

299,208

Lease obligations

104,245

108,014

Deferred tax liabilities

252,209351,009

Provision for retirement benefits

44,05545,234

Other long-term liabilities

18,02914,507

Total long-term liabilities

935,382

1,049,375

1,349,762

1,484,316

Capital stock

80,46280,462

Capital surplus

106,180

106,179

Retained earnings

412,294378,648

Treasury stock(50,672)(50,689)

Total shareholders' equity

548,264

514,601

392,489

544,06824(9)Foreign currency translation adjustment(10,048)(2,430)Total valuation and translation adjustments

382,466

541,628

Subscription rights to shares

1,224

1,720

Minority interests

45,715

46,978

Total net assets

977,670

1,104,929

2,327,432

2,589,246

Long-term liabilities:

Total liabilities
Net assets
Shareholders' equity:

Valuation and translation adjustments:
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

Total liabilities and net assets- 8 -(2) Consolidated Statements of Income(Million yen)
FY2009(April 1,2008 March 31, 2009)

FY2010(April 1,2009 March 31, 2010)

Net sales

1,584,252

1,377,769

Cost of sales

1,389,002

1,194,399

Gross profit

195,249

183,370

Sales commissions

10,287

6,814

Salaries and allowances

75,42664,716Retirement benefit expenses

2,012

1,953

Depreciation

8,734

8,151

Research and development expenses

23,61019,482

Other

81,80060,248201,871

161,367(6,621)

22,002

Interest income

12,677

10,804

Dividends income

37,781

15,297498

135

Selling, general and administrative expenses:

Total selling, general and administrative expenses
Operating income (loss)
Non-operating income:Gain on sales of marketable securities
Equity in net earnings of unconsolidated subsidiaries
and affiliated companies
Other non-operating income

-

744

8,356

7,413

Total non-operating income

59,312

34,395Interest expenses

19,77017,847

Loss on disposal of fixed assets
Equity in net losses of unconsolidated subsidiaries
and affiliated companies
Other non-operating expenses

4,131

1,257

3,130

-

11,314

5,535

Total non-operating expenses

38,346

24,641

14,34331,756-43,09926,526-

11,064-37,59143,099(23,247)(11,343)

8,248

13,320

Income taxes-deferred

8,240

(438)

Total income taxes

16,48812,882

Minority interests in income (loss)(6,968)2,048

Net income (loss)(32,767)(26,273)

Non-operating expenses:

Ordinary income
Extraordinary losses:
Losses on business restructuring of the Materials
Handling Equipment
Losses on impairment of property, plant and equipment
due to a decrease in production volume
Losses of discontinuing production of designatedelectronics parts
Total extraordinary losses
Income (loss) before income taxes andminority interests
Income taxes-current- 9 -(3) Consolidated Statement of Changes in Total net assets

Shareholders' equity
Capital stock
Balance at the end of previous period
Balance at the end of current period
Capital surplus
Balance at the end of previous period
Changes of items during the period
Disposal of treasury stock
Total changes of items during the period
Balance at the end of current period
Retained earnings
Balance at the end of previous period
Effect of changes in accounting policies applied toforeign subsidiaries
Changes of items during the period
Dividends from surplus
Decrease due to increase in consolidated
subsidiaries
Decrease due to decrease in consolidated
subsidiaries
Net income (loss)
Total changes of items during the period
Balance at the end of current period
Treasury stock
Balance at the end of previous period
Changes of items during the period
Repurchase of treasury stock
Disposal of treasury stock
Total changes of items during the period
Balance at the end of current period
Total shareholders' equity
Balance at the end of previous period
Effect of changes in accounting policies applied toforeign subsidiaries
Changes of items during the period
Dividends from surplus
Decrease due to increase in consolidated
subsidiaries
Decrease due to decrease in consolidated
subsidiaries
Net income (loss)
Repurchase of treasury stock
Disposal of treasury stock
Total changes of items during the period
Balance at the end of current period
Valuation and translation adjustments
Valuation difference on available-for-sale securities
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period- 10 -

FY2009(April 1, 2008 March 31, 2009

(Million yen)
FY2010(April 1, 2009 March 31, 2010)

80,46280,46280,46280,462

106,184

106,180(4)(4)
106,180(0)(0)
106,179

466,780

412,294(2,400)-(19,318)(6,231)-(1,138)-(1)(32,767)(52,086)
412,294(26,273)(33,646)
378,648(50,644)(50,672)

(41)
12
(28)
(50,672)

(18)
1
(16)
(50,689)

602,783

548,264(2,400)-(19,318)(6,231)-(1,138)-(1)(32,767)(41)
8(52,118)
548,264(26,273)(18)
0(33,663)514,601

752,553

392,489(360,063)(360,063)
392,489

151,578
151,578
544,068(Million yen)

Deferred gains or losses on hedges
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period
Foreign currency translation adjustment
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period
Total valuation and translation adjustments
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period
Subscription rights to shares
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period
Minority interests
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period
Total net assets
Balance at the end of previous period
Effect of changes in accounting policies applied toforeign subsidiaries
Changes of items during the period
Dividends from surplus
Decrease due to increase in consolidated
subsidiaries
Decrease due to decrease in consolidated
subsidiaries
Net income (loss)
Repurchase of treasury stock
Disposal of treasury stock
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period- 11 -

FY2009(April 1, 2008March 31, 2009

FY2010(April 1, 2009March 31, 2010)

140

24

(115)
(115)
24

(33)
(33)
(9)

41,477(10,048)(51,525)(51,525)(10,048)

7,618
7,618
(2,430)794,171

382,466(411,705)(411,705)
382,466

159,162
159,162541,628

695

1,224

528
528
1,224

496
496
1,720

56,34545,715(10,630)(10,630)
45,715

1,263
1,263
46,9781,453,996

977,670(2,400)-(19,318)(6,231)-(1,138)-(1)(32,767)(41)8(421,807)(473,926)
977,670(26,273)(18)
0160,922
127,259
1,104,929

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

Cash flows from operating activities:
Income(loss) 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
Payments for loans madeProceeds from collections of loans
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 -

FY2009(April 1,2008 March 31, 2009)

FY2010(April 1,2009 March 31, 2010)(23,247)(11,343)

125,543
35,8681,207(50,458)
19,7703,13061,8703,939(93,949)(8,141)75,53450,435(19,622)(40,577)
65,768110,119
36,902
84(26,101)
17,847(744)(777)
17,334
36,164
7,372
186,859
26,145(17,976)
8,424
203,452(122,422)
10,991(4,982)
12,367(48,312)15,729(3,927)
197

(11)

(781)

(4,465)
5,126(10,820)(114,217)

(293)
2,003
(1,470)(36,855)

6,947
126,178(10,420)
39,399(20,000)(41)(19,318)(1,310)575(1,038)120,971(5,795)66,727
121,284
188,011(37,614)
27,820(1,915)50,000(33,286)(18)(6,231)(625)(36,359)(38,230)
1,211
129,578
188,011317,590

(5) Events or conditions that cast significant doubt on the going concern assumption:(6) Not applicable(6) Basis of Presenting Consolidated Financial Statements(6) (Matters concerning the scope of Consolidation)(7) Consolidated subsidiaries : 159(Addition 2 companies)
Stock acquisition : North Vernon Industry Corporation
Cullman Casting Corporation(Removal 3 companies)
Liquidation : ALTRAN Corporation
Extinction due to merger : Logistics Planning Tokyo Co., Ltd
SKE INC.

(7) The disclosure of information other than that which is provided above is omitted, as there are no significant changes(8) since the most recent annual securities report (submitted on June 19, 2009)(7) Changes of Basis of Presenting Consolidated Financial Statements(7) (Changes due to revision of accounting standards)① Application of Accounting Standard for Construction Contracts
Effective from the fiscal year beginning April 1, 2009, Toyota Industries applied Financial Accounting Standard
No. 15 “Accounting Standard for Construction Contracts” and its Implementation Guidance No. 18 “Guidance on
Accounting Standard for Construction Contracts,” both of which were issued on December 27, 2007 by the
Accounting Standards Board of Japan.
② Application of Partial Amendments to Accounting Standard for Retirement Benefits(Part 3)
Effective from the fiscal year beginning April 1, 2009, Toyota Industries applied Financial Accounting Standard
No. 19 “Partial Amendments to Accounting Standard for Retirement Benefits” were issued on July 31, 2008 by
the Accounting Standards Board of Japan.

- 13 -

(8) Segment Information
1. Business segment information(1) FY2009 (April 1,2008 - March 31, 2009)(Million yen)

Automobile

Materials
handling
equipment(1) Outside customer sales

755,924

639,656

114,825

29,55644,289(2) Inter-segment transactions

18,465

3,931

6,927

46

Total

774,389643,587

121,753

Operating expenses

785,894

639,816

Operating income (loss)(11,504)

AssetsTextilemachinery

Logistics

OthersTotal

Eliminations

Consolidated

1,584,252-

1,584,252

21,53150,902(50,902)-29,60365,821

1,635,154(50,902)

1,584,252

118,851

31,662

65,867

1,642,092(51,218)

1,590,874

3,770

2,901

(2,058)(46)(6,937)315(6,621)

354,661

580,945

192,977

8,959

74,842

1,212,384

1,115,047

2,327,432

Depreciation and amortization

58,19551,291

10,098

1,264

4,692

125,543-

125,543

Impairment loss

25,194514--

10,15935,868-35,868

Capital expenditures

64,26857,083

14,543606

2,269

138,770-

138,770

Net sales(Notes) 1. Business segments are divided by the type and nature of the product.
(Notes) 2. Main products of each segment:
Automobile ……………………… Passenger vehicles, diesel and gasoline engines, car air-conditioning compressors,
foundry parts, electronics components
Materials handling equipment … Counterbalanced lift trucks, warehouse trucks, automated storage and retrieval systems,
truck mount aerial work platforms
Logistics …………………………
Transportation services, logistics planning, operation of distribution centers,
collection and delivery of cash and management of sales proceeds,
secure storage, management, collection and delivery of corporate documents
Textile machinery ………………
Air-jet looms, water-jet looms, ring spinning frames
Others ……………………………
Semiconductor package substrates(Notes) 3. Assets included in the "Eliminations" are mainly cash and deposits, marketable securities and investments in securities of Toyota Industries
Corporation.

(2) FY2010 (April 1,2009 - March 31, 2010)(Million yen)

Automobile

Materials
handling
equipment(1) Outside customer sales

778,356

431,619

108,596

20,87838,317(2) Inter-segment transactions

12,810

999

5,685

57

Total

791,166

432,618

114,282

Operating expenses

767,503442,168

Operating income (loss)

23,663

AssetsDepreciation and amortization

Textilemachinery

Logistics

OthersTotal

Eliminations

Consolidated

1,377,769-

1,377,769

10,301

29,853(29,853)-

20,936

48,6191,407,623(29,853)

1,377,769

108,987

22,77244,647

1,386,080(30,313)

1,355,767(9,549)5,294(1,836)

3,971

21,542459

22,002

346,068

500,652

190,745

14,03756,187

1,107,690

1,481,555

2,589,246

50,08545,958

10,735

1,032

2,306

110,119-

110,119-

36,902---36,902-36,902

14,98429,908

6,963

72

1,104

53,033-53,033

Net sales

Impairment loss
Capital expenditures(Notes) 1. Business segments are divided by the type and nature of the product.
(Notes) 2. Main products of each segment:
Automobile ………………………
Passenger vehicles, diesel and gasoline engines, car air-conditioning compressors,
foundry parts, electronics components
Materials handling equipment … Counterbalanced lift trucks, warehouse trucks, automated storage and retrieval systems,
truck mount aerial work platforms
Logistics …………………………
Transportation services, logistics planning, operation of distribution centers,
collection and delivery of cash and management of sales proceeds,
secure storage, management, collection and delivery of corporate documents
Textile machinery ………………
Air-jet looms, water-jet looms, ring spinning frames
Others ……………………………
Semiconductor package substrates(Notes) 3. Assets included in the "Eliminations" are mainly cash and deposits, marketable securities and investments in securities of Toyota Industries
Corporation.

- 14 -

2. Geographical segment information(1) FY2009 (April 1,2008 - March 31, 2009)(Million yen)North
America

Europe1,066,635

193,884

272,108

51,624

93,389

1,875

6,087

Total

1,160,024

195,760

Operating expenses

1,161,639

Japan

OthersTotal

Eliminations

Consolidated

1,584,252-

1,584,252

6,139

107,491(107,491)-

278,195

57,763

1,691,744(107,491)

1,584,252

200,496

282,153

55,675

1,699,964(109,089)

1,590,874(1,614)(4,736)(3,957)2,087(8,220)1,598(6,621)

821,724

140,847

350,298

61,314

1,374,184

953,247

2,327,432

Japan

North
America

Europe(1) Outside customer sales

995,264

137,038

200,556

44,910(2) Inter-segment transactions

80,763

967

4,243

Total

1,076,027

138,005

Operating expenses

1,046,048

Operating income (loss)
Assets

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

Operating income (loss)
Assets(2) FY2010 (April 1,2009 - March 31, 2010)(Million yen)
OthersTotal

Eliminations

Consolidated

1,377,769-

1,377,769

4,642

90,617(90,617)-

204,800

49,552

1,468,386(90,617)

1,377,769

139,480

211,932

46,992

1,444,454(88,687)

1,355,767

29,979(1,474)(7,131)

2,560

23,932(1,930)22,002787,274

127,491

296,827

69,895

1,281,489

1,307,757

2,589,246

Net sales

3. Overseas sales(1) FY2009 (April 1,2008 - March 31, 2009)(Million yen)
North America

Overseas sales

Europe192,678

302,812

Others130,503

12.2%

19.1%

8.2%

(2) FY2010 (April 1,2009 - March 31, 2010)
Europe137,260

221,054

Others102,630

Total

460,944
1,377,769

Consolidated sales
Ratio of overseas sales to consolidated sales

39.5%(Million yen)
North America

Overseas sales

625,994
1,584,252

Consolidated sales
Ratio of overseas sales to consolidated sales

Total

10.0%

16.0%

7.5%

(1) (Omission of disclosures)(1) Information on lease transactions, derivative transactions and stock options is omitted since the need to disclose such(1) information is not deemed significant.
(1) (Subsequent event)(1) None- 15 -

33.5%

5. Non-consolidated Financial Statements(1) Non-consolidated Balance Sheets(Million yen)

AssetsCurrent assets:
Cash and deposits
Trade notes receivable
Accounts receivable
Marketable securities
Merchandise and finished goods
Work in process
Raw materials and supplies
Prepaid expenses
Deferred tax assets
Other current assets
Allowance for doubtful accounts
Total current assets
Fixed assets:
Property, plant and equipment
Buildings
Accumulated depreciation
Buildings, net
Structures
Accumulated depreciation
Structures, net
Machinery and equipment
Accumulated depreciation
Machinery and equipment, net
Vehicles and delivery equipment
Accumulated depreciation
Vehicles and delivery equipment, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
LandConstruction in progress
Total property, plant and equipment
Intangible assets:
SoftwareTotal intangible assets
Investments and other assets:
Investment securities
Stocks of subsidiaries and affiliates
Investments in capital
Investments in capital of subsidiaries and affiliates
Long-term loans receivable
Long-term loans receivable for employees
Long-term loans receivable for subsidiaries
and affiliates
Long-term prepaid expenses
Other investments and other assets
Allowance for doubtful accounts
Total investments and other assets
Total fixed assets
Total assets- 16 -

FY2009(As of March 31, 2009)

FY2010(As of March 31, 2010)

92,965290
71,254
58,838
1,664
19,410
7,076
361
7,065
37,440(9)296,359

203,64498
89,58871,391
2,152
17,006
6,639
360
9,696
31,913(28)
432,462

192,203(103,282)
88,921
24,447(13,676)
10,770435,699(319,238)
116,461
4,483(3,406)
1,077
49,521(40,606)
8,914
66,986
13,619306,751

192,309(109,931)
82,37824,682(14,590)
10,092431,932(340,500)
91,431
3,875(3,208)667
48,939(42,274)
6,665
76,637
4,884
272,757

5,972
5,972

5,156
5,156

270,656
871,342
4,351
22,3092,087
3,764

396,136
1,001,827
4,535
22,3091,617
3,573

19,79816,933

5,221
1,758
(76)
1,201,212
1,513,936
1,810,296

2,582
1,686
(99)
1,451,102
1,729,016
2,161,479

(Million yen)
FY2009(As of March 31, 2009)

Liabilities
Current liabilities:
Trade notes payable
Trade accounts payable
Current portion of bonds
Current portion of long-term borrowings
Accounts payable-otherAccrued expenses
Income taxes payable
Advance received
Deposits received
Deposits received from employee
Provision for directors' bonuses
Other current liabilities
Total current liabilities
Long-term liabilities:
Bonds payable
Long-term loans payable
Deferred tax liabilities
Provision for retirement benefits
Other long-term liabilities
Total long-term liabilities
Total liabilities
Net assets
Shareholders' equity:
Capital stock
Capital surplus
Legal capital surplus
Other capital surplus
Total capital surplus
Retained earnings
Legal retained earnings
Other retained earnings
Reserve for special depreciation
Reserve for advanced depreciation of
non-current assets
General reserve
Retained earnings brought forward
Total retained earnings
Treasury stock
Total shareholders' equity
Valuation and translation adjustments:
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Total valuation and translation adjustments
Subscription rights to shares
Total net assets
Total liabilities and net assets- 17 -FY2010(As of March 31, 2010)

413
66,46515,0009,137
26,256536
25,52423,056
89
166,480326
110,008
40,0005,000
3,779
28,842
7,714
628
31,46822,410128
146
250,453

217,992
265,000
246,629
23,748
1,619
754,989
921,470

227,993
260,000
346,642
23,0601,576
859,272
1,109,726

80,46280,462

101,766
4,391
106,158

101,766
4,391
106,157

17,00417,004

611

434

234

229

280,000
61,472359,323(50,672)495,272

280,000
72,786
370,454(50,689)
506,385

392,375(45)
392,329
1,224
888,826
1,810,296

543,717(70)
543,646
1,720
1,051,752
2,161,479

(2) Non-consolidated Statements of Income(Million yen)

Net sales
Cost of sales:
Beginning finished goods
Cost of products manufactured
Total
Transfer to other accountEnding finished goods
Total cost of sales
Gross profit
Selling, general and administrative expenses:
Sales commissions
Packing and transportation expenses
Salaries and allowances
Retirement benefit expenses
Depreciation
Research and development expenses
Other
Total selling, general and administrative expenses
Operating income (loss)
Non-operating income:Interest income
Dividends income
Gain on sales of marketable securities
Rent income on non-current assets
Other non-operating income
Total non-operating income
Non-operating expenses:
Interest expenses
Interest on bonds
Depreciation
Loss on valuation of securities
Loss on disposal of fixed assets
Other non-operating expenses
Total non-operating expenses
Ordinary income
Extraordinary losses:
Loss on valuation of stocks of subsidiaries
and affiliates
Losses on impairment of property, plant and equipment
due to a decrease in production volume
Losses of discontinuing production ofdesignated electronics parts
Total extraordinary losses
Income before income taxes
Income taxes-current
Income taxes-deferred
Total income taxes
Net income (loss)- 18 -

FY2009(April 1, 2008 March 31, 2009)

FY2010(April 1, 2009 March 31, 2010)

940,008

892,893

4,734
882,575
887,309
67
1,664
885,578
54,4301,664
824,561826,22655
2,152824,018
68,875

12,563
7,380
11,016860
2,363
18,135
11,89164,210(9,780)

8,379
4,636
10,396964
1,494
15,3759,234
50,48018,394629
40,797
432
2,659
861
45,381

945
16,276
133
2,772
1,178
21,307

2,759
3,294
1,323
205
2,766
4,864
15,214
20,387

4,256
4,195
1,031
751
3,158
13,393
26,308-

3,192

10,493

-

5,177

-

15,670
4,716
43
7,378
7,421
(2,705)

3,192
23,1158,530(2,777)
5,752
17,362

(3)Non-consolidated Statement of Changes in Total net assets(Million yen)
FY2009(April 1, 2008 March 31, 2009)

Shareholders' equity
Capital stock
Balance at the end of previous period
Balance at the end of current period
Capital surplus
Legal capital surplus
Balance at the end of previous period
Balance at the end of current period
Other capital surplus
Balance at the end of previous period
Changes of items during the period
Disposal of treasury stock
Total changes of items during the period
Balance at the end of current period
Total capital surplus
Balance at the end of previous period
Changes of items during the period
Disposal of treasury stock
Total changes of items during the period
Balance at the end of current period
Retained earnings
Legal retained earnings
Balance at the end of previous period
Balance at the end of current period
Other retained earnings
Reserve for special depreciation
Balance at the end of previous period
Changes of items during the period
Provision of reserve for special depreciation
Reversal of reserve for special depreciation
Total changes of items during the period
Balance at the end of current period
Reserve for advanced depreciation of non-current
assetsBalance at the end of previous period
Changes of items during the period
Reversal of reserve for advanced depreciationof non-current assets
Total changes of items during the period
Balance at the end of current period
General reserve
Balance at the end of previous period
Changes of items during the period
Provision of general reserve
Total changes of items during the period
Balance at the end of current period- 19 -FY2010(April 1, 2009 March 31, 2010)

80,46280,46280,46280,462

101,766
101,766

101,766
101,766

4,396

4,391

(4)
(4)
4,391

(0)
(0)
4,391

106,162

106,158(4)(4)
106,158(0)(0)
106,157

17,00417,00417,00417,004

708

611

109
(206)
(97)
611

(177)
(177)
434

242

234

(8)

(4)

(8)
234

(4)
229

250,000

280,000

30,00030,000280,000

280,000

(Million yen)
FY2010(April 1, 2009 March 31, 2010)

FY2009(April 1, 2008 March 31, 2009)

Retained earnings brought forward
Balance at the end of previous period
Changes of items during the period
Provision of reserve for special depreciation
Provision of general reserve
Reversal of reserve for special depreciation
Reversal of reserve for advanced depreciationof non-current assets
Dividends from surplus
Net income (loss)
Total changes of items during the period
Balance at the end of current period
Total retained earnings
Balance at the end of previous period
Changes of items during the period
Provision of reserve for special depreciation
Provision of general reserve
Reversal of reserve for special depreciation
Reversal of reserve for advanced depreciation of
non-current assets
Dividends from surplus
Net income (loss)
Total changes of items during the period
Balance at the end of current period
Treasury stock
Balance at the end of previous period
Changes of items during the period
Repurchase of treasury stock
Disposal of treasury stock
Total changes of items during the period
Balance at the end of current period
Total shareholders' equity
Balance at the end of previous period
Changes of items during the period
Dividends from surplus
Net income (loss)
Repurchase of treasury stock
Disposal of treasury stock
Total changes of items during the period
Balance at the end of current period- 20 -

113,391

61,472(109)(30,000)
206

177

8

4

(19,318)(2,705)(51,918)
61,472(6,231)
17,362
11,31372,786

381,347

359,323

-

-

-

-

(19,318)(2,705)(22,023)
359,323(6,231)
17,362
11,131
370,454(50,644)(50,672)

(41)
12
(28)
(50,672)

(18)
1
(16)
(50,689)

517,328495,272(19,318)(2,705)(41)
8(22,056)495,272(6,231)
17,362(18)
011,113506,385

(Million yen)
FY2009(April 1, 2008 March 31, 2009)

Valuation and translation adjustments
Valuation difference on available-for-sale securities
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period
Deferred gains or losses on hedges
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period
Total valuation and translation adjustments
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period
Subscription rights to shares
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period
Total net assets
Balance at the end of previous period
Changes of items during the period
Dividends from surplus
Net income (loss)
Repurchase of treasury stock
Disposal of treasury stock
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period- 21 -FY2010(April 1, 2009 March 31, 2010)

751,798

392,375(359,422)(359,422)
392,375

151,341
151,341
543,717

139

(45)

(185)
(185)
(45)

(24)
(24)
(70)

751,937

392,329(359,608)(359,608)
392,329

151,316
151,316
543,646

695

1,224

528
528
1,224

496
496
1,720

1,269,962

888,826(19,318)(2,705)(41)
8(359,079)(381,136)
888,826(6,231)
17,362(18)
0151,812
162,926
1,051,752

(4) Events or conditions that cast significant doubt on the going concern assumption:(6) Not applicable
6. Change of Representative Director and Executives'(7)This information was disclosed in "Notice Concerning Changes of Representative Director and Executives"'(8)as of April 28, 2010.

- 22 -