FINANCIAL SUMMARYFY2011

Second Quarter(April 1, 2010 through September 30, 2010)

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 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.

October 29, 2010

FY2011 Second Quarter Consolidated Financial Results<under Japanese GAAP>(April 1, 2010 - September 30, 2010)

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, Senior Managing Officer, General Manager of Accounting Department(Tel. +81-(0)566-22-2511)
The expected date of submission of the quarterly report: November 11, 2010
(Amounts less than one million yen are omitted)

1. Financial Highlights for FY2011 Second Quarter (April 1, 2010 - September 30, 2010)(1) Consolidated Financial Results(% : change from the same period of previous year)

Net sales

Operating income%Million yen

FY2011
Second Quarter
FY2010
Second Quarter

FY2011
Second Quarter
FY2010
Second Quarter

Ordinary income%Million yenNet income%Million yen%

Million yen

729,80716.3

36,205-38,393800.1

23,683-

627,562(32.4)(2,802)-4,265(89.4)

229(99.0)Net income
per share―basic

Net income
per share―diluted

Yen

Yen

76.02

----

00.74

----

(2) Consolidated Financial Position
Total assets

Equity ratio

Total net assets

Million yen

Net assets per share%

Million yen

Yen

FY2011
Second Quarter

2,359,145

0989,984

40.0

3,027.46

FY20102,589,246

1,104,929

40.8

3,390.02(Note) Shareholders' equity: FY2011 Second Quarter ― 943,262 million yen, FY2010 ― 1,056,230 million yen
2. Cash Dividends
Annual cash dividends per share
Second quarter
Third quarter
Fiscal year-end

First quarter
Yen

Yen

FY201000.0-

10.00

FY2011

00.0-

25.00

Yen

FY2011(Forecast)

Yen

Yen

00.0-

20.00

30.00

00.0-

25.00

50.00

(Note) Changes in the forecasted cash dividends in this quarter : Yes
3. Forecasts of Consolidated Financial Results for FY2011 (April 1, 2010 - March 31, 2011)(% : change from the same period of previous year)

Net sales

FY2011

Operating income

Ordinary income

Net incomeper share―basicNet income

Million yen%

Million yen%

Million yen%

Million yen

1,480,000

7.4

65,000195.4

70,000120.4

41,000(Note) Changes in the forecasts of consolidated financial results in this quarter : Yes%

-Yen

131.59

4. Others (Please see page 3 "2.Others" on attached documents for details.)(1) Changes in major subsidiaries (specified subsidiaries that changed company's consolidationin this quarter) : No
(2) Application of simplified accounting methods and special accounting methods
for the preparation of quarterly consolidated financial statements : Yes(3) Changes in accounting principles, procedures and method of presentation of quarterly consolidated
financial statements (changes made in significant items that form the basis of preparation of quarterly
consolidated financial statements)① Changes arising from revision of accounting policies : Yes② Changes other than ① : No
(4) Issued and outstanding capital stock① Number of shares outstanding at end of each period (including treasury stock):
FY2011 Second Quarter －325,840,640 shares, FY2010 －325,840,640 shares② Number of treasury stock outstanding at end of each period:
FY2011 Second Quarter －14,271,431 shares, FY2010 －14,269,943 shares③ Average number of shares outstanding for each period:
FY2011 Second Quarter －311,569,854 shares, FY2010 Second Quarter －311,574,828 shares* Progress of procedures for financial review of quarterly financial results
・ The quarterly consolidated financial statements are under procedures of financial review, at the timeof disclosure of this report.
* 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. 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 ¥80 = US$1 and ¥110 = €1 for the remainderof the fiscal year.
・ Please see page 2 on attached documents for details on performance forecasts in "3. Qualitative
information regarding forecast for FY2011" and "Notice concerning Revision of Financial
Forecast and Annual Cash Dividend Forecast for FY2011", announced on October 29, 2010.

(Attached Documents)

Contents

1.Qualitative Information and Financial Statements(1) Qualitative information regarding consolidated business results(2) Qualitative information regarding consolidated financial condition(3) Qualitative information regarding forecast for FY2011
2.Others(1) Changes in major subsidiaries(2) Application of simplified accounting methods and special accounting
methods for the preparation of quarterly consolidated financial statements(3) Changes in the accounting principles, procedures and method of presentationof quarterly consolidated financial statements
3. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(2) Quarterly Consolidated Statements of Income(3) Note on premise of going concern(4) Note on significant changes in the amount of shareholders' equity(5) Segment information- 1 -22223333446777

1. Qualitative Information and Financial Statements(1) Qualitative information regarding consolidated business results
Total consolidated net sales of Toyota Industries amounted to 729.8 billion yen, an increase of 102.3
billion yen, or 16%, from the same period of the previous fiscal year. The following is a review ofoperations for the major business segments.
Net sales of the Automobile Segment totaled 408.9 billion yen, an increase of 68.8 billion yen, or 20%,from the same period of the previous fiscal year. Within this segment, net sales of the Vehicle Businessamounted to 193.7 billion yen, an increase of 19.4 billion yen, or 11%, due mainly to an increase in salesof the Vitz (Yaris overseas), although sales of the RAV4 and Mark X ZiO decreased slightly.
Net sales of the Engine Business totaled 98.2 billion yen, an increase of 28.2 billion yen, or 40%,
attributable primarily to an increase in sales of KD diesel engines and AR gasoline engines.
Net sales of the Car Air-Conditioning Compressor Business totaled 96.9 billion yen, an increase of
17.0 billion yen, or 21%, resulting from higher sales in Japan and overseas.
Net sales of the Materials Handling Equipment Segment totaled 230.8 billion yen, an increase of 22.4
billion yen, or 11%. This is mainly owing to an upturn in sales of lift trucks, a mainstay product of thissegment, in domestic and overseas markets.
Net sales of the Logistics Segment amounted to 53.8 billion yen, an increase of 0.7 billion yen, or 1%,attributable to an increase in sales of the cargo transport business of automotive related parts.
Net sales of the Textile Machinery Segment totaled 18.5 billion yen, an increase of 11.6 billion yen, or164%, owing mainly to an increase in sales of air-jet looms to China.
In terms of overall profit, despite the rising prices of raw materials, increase in labor cost, exchange
rate fluctuations and decrease in the net amount of non-operating income and expenses, Toyota
Industries posted consolidated operating income of 36.2 billion yen compared with an operating loss of
2.8 billion yen in the second quarter of the previous fiscal year; ordinary income of 38.3 billion, anincrease of 34.1 billion yen, or 800%, from the same period of the previous year, and net income of 23.6
billion yen, an increase of 23.4 billion yen from the same period of the previous year. These results weredue to higher sales and maintaining a streamlined corporate structure.
(2) Qualitative information regarding consolidated financial condition
Total assets decreased 230.1 billion yen from the end of the previous fiscal year to 2,359.1 billion yen,
due mainly to a decrease in market value of investment securities. Net assets amounted to 989.9 billion
yen, a decrease of 115.0 billion yen from the end of the previous fiscal year.
(3) Qualitative information regarding forecast for FY2011
Due to results of first half of FY2011, an expected increase in sales of mainstay businesses andfurther cost reduction activities, Toyota Industries has revised its forecasts of consolidated financial
results for FY2011 to consolidated net sales of 1,480.0 billion yen, operating income of 65.0 billion yen,ordinary income of 70.0 billion yen and net income of 41.0 billion yen. Our projections are based onassumed exchange rates of ¥80 = US$1 and ¥110 = €1 for the remainder of the fiscal year.

- 2 -2. Others(1) Changes in major subsidiaries: No(2) Application of simplified accounting methods and special accounting methods for the preparationof quarterly consolidated financial statements① Calculation of fixed asset depreciation
Depreciation expenses for fixed assets depreciated by the declining-balance method havebeen calculated by allocating depreciation expenses related to the fiscal year under review by
their remaining terms.
② Calculation of income taxes, deferred tax assets and deferred tax liabilities
The inclusion of additions and subtractions and tax deduction items in the calculation ofincome tax payments has been limited to significant items.
When there has been no marked change in the business environment or temporary
fluctuations since the end of the previous fiscal year, the potential recovery of deferred tax
assets is determined based on the business performance forecasts of the previous fiscal year
and tax planning methods.
(3) Changes in the accounting principles, procedures and method of presentation of quarterly
consolidated financial statements① Application of Accounting Standard for Asset Retirement Obligations
Effective from the fiscal year beginning April 1, 2010, Toyota Industries applies Financial
Accounting Standard No. 18 “Accounting Standard for Asset Retirement Obligations” and its
Implementation Guidance No. 21 “Guidance on Accounting Standard for Asset Retirement
Obligations,” both of which were issued on March 31, 2008 by the Accounting Standards
Board of Japan.
② Application of Accounting Standard for Consolidated Financial Statements
Effective from the fiscal year beginning April 1, 2010, Toyota Industries applies Cabinet Office
Ordinance No. 5 “Cabinet Office Ordinance Partially Revising Regulation for Terminology,
Forms and Preparation of Consolidated Financial Statements,” which was issued on March 24,
2009 and is based on Financial Accounting Standard No. 22 “Accounting Standard forConsolidated Financial Statements” issued on December 26, 2008 by the AccountingStandards Board of Japan. Accordingly, Toyota Industries includes “Income before MinorityInterests” in the financial statements from the first quarter of the fiscal year.

- 3 -3. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Million yen)
FY2011 SecondQuarter(As of September 30, 2010)

FY2010(As of March 31, 2010)

AssetsCurrent assets
Cash and deposits

210,224

287,965

Trade notes and accounts receivable

172,607

163,708

Short-term investment securities

151,411

71,391Merchandise and finished goods

38,55837,358Work in process

26,65325,672

Raw materials and supplies

27,49425,318Deferred tax assets

17,216

17,182Other current assets

60,29947,307

Allowance for doubtful accounts(3,007)(3,103)

701,457

672,801

Buildings and structures, net

163,788

169,991

Machinery, equipment and vehicles, net

190,471

212,079

Tools, furniture and fixtures, net

21,78921,840Land

119,306

119,517

Construction in progress

11,316

8,547

Total property, plant and equipment

506,672

531,977

Goodwill

68,60072,745

Software9,7899,976

Total intangible assets

78,38982,722

958,031

1,162,685

Long-term loans receivable

5,275

5,554

Deferred tax assets

9,810

10,429Other investments and other assets

99,709123,278

(201)

(202)

1,072,626

1,301,744

1,657,688

1,916,444

2,359,145

2,589,246

Total current assets
Fixed assets
Property, plant and equipment

Intangible assets

Investments and other assets
Investment securities

Allowance for doubtful accounts
Total investments and other assets
Total fixed assets
Total assets- 4 -(Million yen)
FY2011 SecondQuarter(As of September 30, 2010)
Liabilities
Current liabilities
Trade notes and accounts payable
Short-term loans payable
Commercial paper
Current portion of bonds
Accounts payable-other
Income taxes payable
Deferred tax liabilities
Provision for directors' bonuses
Other current liabilities
Total current liabilities
Long-term liabilities
Bonds payable
Long-term loans payable
Lease obligations
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
Retained earnings
Treasury stock
Total shareholders' equity
Valuation and translation adjustments
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Total valuation and translation adjustments
Subscription rights to shares
Minority interests
Total net assets
Total liabilities and net assets- 5 -FY2010(As of March 31, 2010)

147,688
47,0207,452
30,373
10,535
15,470307
213
177,422436,483

141,787
46,241
9,575
50,44613,14915,014316
310
158,100
434,941

236,520
284,026
82,437
269,692
45,432
14,568932,677
1,369,160

231,401
299,208
108,014351,00945,234
14,507
1,049,375
1,484,316

80,462
106,179
396,100(50,692)
532,050

80,462
106,179
378,648(50,689)
514,601

422,473202(11,463)
411,2122,014
44,707989,984
2,359,145

544,068(9)(2,430)541,628
1,720
46,978
1,104,929
2,589,246

(2) Quarterly Consolidated Statements of Income(Million yen)
FY2010 Second Quarter(Six months result ended
September 30, 2009)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income (loss)
Non-operating income
Interest income
Dividends income
Other non-operating income
Total non-operating income
Non-operating expenses
Interest expenses
Other non-operating expenses
Total non-operating expenses
Ordinary income
Extraordinary losses
Loss on business restructuring of theMaterials Handling Equipment Segment
Total extraordinary losses
Income before income taxes andminority interests
Income taxes-current
Income taxes-deferred
Total income taxes
Income before minority interests
Minority interests in income
Net income- 6 -FY2011 Second Quarter(Six months result ended
September 30, 2010)

627,562
551,453
76,10878,911(2,802)729,807615,321
114,486
78,28036,205

5,564
9,449
4,482
19,496

4,639
7,870
3,343
15,8549,243
3,185
12,428
4,265

8,105
5,561
13,66638,393

3,013

-

3,013

-

1,251

38,393

1,520(1,302)
217
804
229

14,044(193)
13,85024,542858
23,683

(3) Note on premise of going concern : No
(4) Note on significant changes in the amount of shareholders’ equity
During the first half of FY2011 (the six months from April 1 to September 30, 2010), Toyota Industries Corporation paid dividends
of 6,231 million yen from retained earnings.
(5) Segment Information
FY2010 Second Quarter (Six months result ended September 30, 2009)
Automobile

Materials
handling
equipment

340,125

208,433

Logistics(Million yen)
Textilemachinery

OthersTotal

Eliminations

Consolidated

627,562-

627,562

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

Total
Operating income (loss)

53,141

6,999

18,861

5,405

428

2,584

30

5,524

13,972(13,972)-

345,531

208,862

55,725

7,030

24,385641,535(13,972)

627,562

1,141(6,249)1,951(1,419)1,525(3,050)247(2,802)FY2011 Second Quarter (Six months result ended September 30, 2010)
Automobile

Materials
handling
equipment

408,936

230,856

Logistics(Million yen)
Textilemachinery

OthersTotal

Eliminations

Consolidated-

729,807

Net sales(1) Outside customer sales

53,82018,512

17,682729,807(2) Inter-segment transactions

10,310

412

3,409

2

4,706

18,840(18,840)-Total419,247

231,268

57,23018,514

22,388748,648(18,840)

729,807

Segment income

18,68011,782

2,725

1,086

1,730

36,005200

36,205(Notes) 1. Products and Services of each reportable segment :Automobile ……………………… Vehicles, diesel and gasoline engines, car air-conditioning compressors,
foundry parts, electronics components
Materials handling equipment … Lift trucks, warehouse trucks, automated storage and retrieval systems, aerial work platforms
Logistics ………………………… Land transportation services, cash collection and delivery and cash proceeds management services,
data storage, management, collection and delivery services
Textile machinery ………………
Weaving machinery, spinning machinery
Others ……………………………
Semiconductor package substrates

2. Segment income of 200 million yen is inter-segment elimination.
3. Segment income is adjusted to operating income of Quaterly Consolidated Statements of Income.
(Additional Information)
Effective from the fiscal year beginning April 1, 2010, Toyota Industries applied Financial Accounting Standard No. 17 “RevisedAccounting Standard for Disclosures about Segments of an Enterprise and Related Information”, issued on March 27, 2009 and its
Implementation Guidance No. 20 “Guidance on Accounting Standard for Disclosures about Segments of an Enterprise and RelatedInformation”, issued on March 21, 2008 by the Accounting Standards Board of Japan.

- 7 -