FINANCIAL SUMMARYFY2014

Second Quarter(April 1, 2013 through September 30, 2013)

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 31, 2013

FY2014 Second Quarter Consolidated Financial Results <under Japanese GAAP>(April 1, 2013 - September 30, 2013)

TOYOTA INDUSTRIES CORPORATION
Stock exchange listings: Tokyo and Nagoya (Code number: 6201) (URL: http://www.toyota-industries.com/ )Representative person: Akira Onishi, PresidentContact person: Yasushi Kawai, Managing Officer, General Manager of Accounting Department(Tel. +81-(0)566-22-2511)
The expected date of submission of the quarterly report: November 13, 2013
(Amounts less than one million yen are omitted)

1. Financial Highlights for FY2014 Second Quarter (April 1, 2013 - September 30, 2013)(1) Consolidated Financial Results(% : change from the same period of previous year)

Net sales

Operating income%Million yen

FY2014
Second Quarter
FY2013
Second Quarter

Ordinary income%Million yen

Net income%Million yen%

Million yen

981,406

28.651,806

39.2

64,86652.8

43,53080.8

762,959

5.6

37,21027.4

42,44015.4

24,075(7.2)(Note) Comprehensive income(loss): FY2014 Second Quarter ― 302,278 million yen, FY2013 Second Quarter ― (98,168) million yen

FY2014
Second Quarter
FY2013
Second Quarter

Net income
per share―basicNet income
per share―dilutedYen

Yen

139.09138.96

77.24

----

(2) Consolidated Financial Position
Total assets

Equity ratio

Total net assets

Million yen%

Million yen

FY2014
Second Quarter

3,737,433

1,820,288

47.3

FY20133,243,779

1,524,933

45.4(Note) Shareholders' equity: FY2014 Second Quarter ― 1,767,805 million yen, FY2013 ― 1,473,515 million yen

2. Cash Dividends
Annual cash dividends per share
Second quarter
Third quarter
Fiscal year-end

First quarter
Yen

Yen

FY2013

00.0-

25.00

FY2014

00.0-

35.00

Yen

FY2014(Forecast)

Yen

Yen-

30.00

55.00

-

35.00

70.00

(Note) Changes in the forecasted cash dividends in this quarter : Yes

3. Forecasts of Consolidated Financial Results for FY2014 (April 1, 2013 - March 31, 2014)(% : change from the same period of previous year)

Net sales

FY2014

Operating income

Ordinary income

Net income
per share―basicNet income

Million yen%

Million yen%

Million yen%

Million yen%

2,000,000

23.8

105,000

36.2

125,000

43.9

78,00046.8(Note) Changes in the forecasts of consolidated financial results in this quarter : Yes

Yen

249.07

4. Others(1) Changes in major subsidiaries during the current quarter (changes in specified subsidiaries
that caused a change in the scope of consolidation) : No
(2) Application of special accounting methods for the preparation ofquarterly consolidated financial statements : No
(3) Changes in accounting policies, accounting estimates and restatement① Changes in accounting policies with revision of accounting standards : No
② Changes other than ① : No
③ Changes in accounting estimates : No
④ Restatement : No
(4) Issued and outstanding capital stock① Number of shares outstanding at end of each period (including treasury stock):
FY2014 Second Quarter － 325,840,640 shares, FY2013 －325,840,640 shares② Number of treasury stock outstanding at end of each period:
FY2014 Second Quarter －12,681,274 shares, FY2013 －13,632,854 shares③ Average number of shares outstanding for each period (accumulated):
FY2014 Second Quarter －312,955,598 shares, FY2013 Second Quarter －311,686,390 shares* Progress of procedures for financial review of quarterly financial results
・ The quarterly financial statements are under procedures of financial review, at the time of disclosureof 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. 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 ¥97 = US$1 and ¥130 = €1
for the remainder of the fiscal year.
・ Please see page 3 on attached documents for details on performance forecasts in "Explanation forForecast for FY2014".

(Attached Documents)

Contents

1. Explanation for Quarterly Financial Results ･･･････････････････････････････････････････････2(1) Explanation for Business Results ････････････････････････････････････････････････････2(2) Explanation for Financial Condition ･･････････････････････････････････････････････････2(3) Explanation for Forecast for FY2014 ････････････････････････････････････････････････3
2. Quarterly Consolidated Financial Statements ･････････････････････････････････････････････4(1) Quarterly Consolidated Balance Sheets･･････････････････････････････････････････････4(2) Quarterly Consolidated Statements of Income and(3) Quarterly Consolidated Statements of Comprehensive Income ･･･････････････････････6(3) Note on Quarterly Consolidated Financial Statements ････････････････････････････････8(Note on Premise of Going Concern) ･･･････････････････････････････････････････････8(Note on Significant Changes in the Amount of Shareholders' Equity) ････････････････8(Segment Information) ･･････････････････････････････････････････････････････････････8- 1-1. Explanation for Quarterly Financial Results(1) Explanation for Business Results
During the second quarter of FY2014 (the six months from April 1 to September 30, 2013), total
consolidated net sales of Toyota Industries amounted to 981.4 billion yen, an increase of 218.5 billion
yen, or 29%, from the same period of the previous fiscal year. The following is a review of operations forthe major business segments.
Net sales of the Automobile Segment totaled 507.1 billion yen, an increase of 104.3 billion yen, or26%, from the same period of the previous fiscal year.
Within this segment, net sales of the Vehicle Business amounted to 238.1 billion yen, an increase of
80.8 billion yen, or 51%. Unit sales of the RAV4 increased while those of the Vitz (Yaris overseas)
recorded a decrease.
Net sales of the Engine Business totaled 107.6 billion yen, an increase of 2.4 billion yen, or 2%. This is
attributable primarily to increases in sales of AR gasoline engines, although sales of KD diesel engines
decreased.
Net sales of the Car Air-Conditioning Compressor Business totaled 132.9 billion yen, an increase of 21.2
billion yen, or 19%, resulting from an increase in sales worldwide.
Net sales of the Electronics Parts, Foundry, and Others Business totaled 28.3 billion yen, on par with thesame period of the previous fiscal year. Sales of Foundry Business increased while those of Electronics
Parts recorded a decrease.
Net sales of the Materials Handling Equipment Segment totaled 383.8 billion yen, an increase of102.8 billion yen, or 37%. This is due primarily to an increase in sales of lift trucks worldwide, a mainstay
product of this segment, and the inclusion of Cascade Corporation as a subsidiary in March 2013.
Net sales of the Logistics Segment amounted to 47.4 billion yen, an increase of 1.4 billion yen, or 3%.
This is attributable to an increase in sales of commissioned logistics business.
Net sales of the Textile Machinery Segment totaled 31.5 billion yen, an increase of 13.5 billion yen, or75%. This is owing to increases in sales of spinning machinery and weaving machinery.
Net sales of the Others Segment totaled 11.4 billion yen, a decrease of 3.5 billion yen, or 24%, due
mainly to the dissolution of a subsidiary, TIBC Corporation, in January 2013.
In terms of overall profit, despite an increase in labor costs and research and development
expenses, Toyota Industries recorded an increase in sales while promoting cost reduction efforts
throughout the Toyota Industries Group and exchange rate fluctuations. As a result, Toyota Industries
posted consolidated operating income of 51.8 billion yen, an increase of 14.6 billion yen, or 39%, fromthe same period of the previous fiscal year and ordinary income of 64.8 billion yen, an increase of 22.4billion yen, or 53%. Net income totaled 43.5 billion yen, an increase of 19.5 billion yen, or 81%, from thesame period of the previous fiscal year.
(2) Explanation for Financial Condition
Total assets increased 493.7 billion yen from the end of the previous fiscal year to 3,737.4 billion yen
due mainly to an increase in market value of investment securities. Liabilities amounted to 1,917.1 billion
yen, an increase of 198.3 billion yen from the end of the previous fiscal year due mainly to an increase indeferred tax liabilities. Net assets amounted to 1,820.2 billion yen, an increase of 295.3 billion yen fromthe end of the previous fiscal year.

- 2-(3) Explanation for Forecast for FY2014
Due to results of the first half of FY2013, Toyota Industries has revised its forecasts of consolidated
financial results for FY2014 to consolidated net sales of 2,000.0 billion yen, operating income of 105.0
billion yen, ordinary income of 125.0 billion yen and net income of 78.0 billion yen. Our projections arebased on assumed exchange rates of ¥97 = US$1 and ¥130 = €1 for the remainder of the fiscal year.

- 3-2. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets

FY2013(As of March 31, 2013)(Million yen)
FY2014 SecondQuarter(As of September 30, 2013)

AssetsCurrent assets:
Cash and deposits

230,348

237,150

Cash deposits for cash collection and deposit services
Trade notes and accounts receivable

49,981
215,799

49,543
222,802

Lease investment assets

41,964

46,844

Short-term investments
Merchandise and finished goods

33,047
66,67031,575
71,063Work in process

35,08837,579Raw materials and supplies
Deferred tax assets
Other current assets

40,762
23,83646,22243,36623,25349,139Allowance for doubtful accounts
Total current assets(3,204)
780,517(3,513)808,804

Buildings and structures, net
Machinery, equipment and vehicles, net

138,871
218,214144,266
235,869

Tools, furniture and fixtures, net
LandConstruction in progress
Total property, plant and equipment

30,500118,244
43,982549,81431,558
118,624
45,103
575,422122,003
46,045

101,260
83,891

168,049

185,151

1,598,437
12,304
93,572
41,231(148)
1,745,398
2,463,262
3,243,779

2,008,208
10,304
104,689
45,156(304)
2,168,054
2,928,628
3,737,433

Fixed assets:
Property, plant and equipment

Intangible assets:
Goodwill
Other intangible assets
Total intangible assets
Investments and other assets:
Investment securities
Deferred tax assets
Lease investment assets
Other investments and other assets
Allowance for doubtful accounts
Total investments and other assets
Total fixed assets
Total assets- 4-FY2013(As of March 31, 2013)(Million yen)
FY2014 SecondQuarter(As of September 30, 2013)

Liabilities
Current liabilities:
Trade notes and accounts payable

180,146

181,758

Short-term loans payable

183,920

122,128

Commercial paper

30,22427,980Current portion of bonds

4,499

11,067

Lease obligations

44,851

46,385

Accounts payable-other

17,623

17,618

Accrued income taxes

15,95819,800

Deferred tax liabilities

2,923

3,009

570

291

Other current obligations

178,378

174,863

Total current liabilities

659,095

604,904

213,584

233,791

Long-term loans payable236,318

317,671

Lease obligations

101,883

106,608

Deferred tax liabilities

440,356

585,126

Allowance for retirement benefits

52,77954,889Other long-term liabilities

14,82914,154

1,059,750

1,312,241

1,718,846

1,917,145

80,46280,462

Capital surplus

105,898

105,589

Retained earnings

492,578

526,742

Treasury stock(48,405)(45,036)

Total shareholders' equity

630,534

667,757

830,054

1,075,529

(237)

60

13,16324,458

Total accumulated other comprehensive income
Subscription rights to shares

842,980
1,478

1,100,047
603

Minority interests

49,93951,878

Total net assets

1,524,933

1,820,288

3,243,779

3,737,433

Allowance for bonuses to directors andaudit & supervisory board members

Long-term liabilities:
Bonds payable

Total long-term liabilities
Total liabilities
Net Assets
Shareholders' equity:
Capital stock

Accumulated other comprehensive income:
Valuation difference on
available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment

Total liabilities and net assets- 5-(2) Quarterly Consolidated Statements of Income and(2) Quarterly Consolidated Statements of Comprehensive Income(2) Quarterly Consolidated Statements of Income(Million yen)
FY2013 Second Quarter FY2014 Second Quarter(April 1, 2012 (April 1, 2013 September 30, 2012)
September 30, 2013)

Net sales

762,959

981,406

Cost of sales

634,268

809,210Gross profit
Selling, general and administrative expenses

128,690
91,479172,195
120,389

Operating income

37,21051,806

Interest income

4,318

5,294

Dividends income
Other non-operating income

10,732
3,017

18,598
4,818

Total non-operating income

18,06828,710

7,303

7,825

Other non-operating expenses

5,534

7,825

Total non-operating expenses
Ordinary income

12,83842,44015,65164,866Extraordinary losses:
Loss on liquidation of subsidiaries and affiliates
Total extraordinary losses

6,616
6,616

-

Income before income taxes and minority interests
Income taxes-current

35,824
12,92664,866
19,295

Income taxes-deferred
Total income taxes
Income before minority interests
Minority interests in income (loss)
Net income(286)
12,64023,184(891)
24,075

1,699
20,99543,871
341
43,530Non-operating income:Non-operating expenses:
Interest expenses- 6-

Quarterly Consolidated Statements of Comprehensive Income(Million yen)
FY2013 Second Quarter FY2014 Second Quarter(April 1, 2012 (April 1, 2013 September 30, 2012)
September 30, 2013)

Income before minority interests
Other comprehensive income:
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Share of other comprehensive income ofassociates accounted for using equity method
Total other comprehensive income
Comprehensive Income

23,18443,871(109,586)

245,664282297(11,880)

12,177(167)

267(121,352)(98,168)

258,407302,278(97,281)(886)

300,597
1,681

Profit attributable to:
Owners of the parent
Minority interests- 7-(3) Note on Quarterly Consolidated Financial Statements(Note on Premise of Going Concern) : No
(Note on Significant Changes in the Amount of Shareholders’ Equity)
During the first half of FY2014 (the six months from April 1 to September 30, 2013), Toyota Industries paid dividends
of 9,366 million yen from retained earnings.
(Segment Information)
FY2013 Second Quarter (April 1, 2012 - September 30, 2012)(Million yen)

Automobile

Materials
handling
equipment

Outside customer sales

402,805

281,040

46,06318,062

14,986

Inter-segment transactions

10,842

263

4,333

57

5,938

Total

413,648

281,304

50,397

18,119Segment income (loss)

14,865

18,642

2,339

(61)

Logistics

Textilemachinery

OthersTotal

Eliminations

Consolidated

762,959-

762,959

21,436(21,436)-

20,925784,395(21,436)

762,959

1,421

37,207337,210

Net sales(Notes) 1. "Others" is business segment not included in reportable segments.
2. Segment income of 3 million yen is inter-segment eliminations.
3. Segment income is adjusted to operating income of Quaterly Consolidated Statements of Income.

FY2014 Second Quarter (April 1, 2013 - September 30, 2013)
Automobile

Materials
handling
equipment(Million yen)

Logistics

Textilemachinery

OthersTotal

Eliminations

Consolidated

Net sales
507,133

383,873

47,431

31,531

11,436

981,406-

981,406

Inter-segment transactions

12,353

352

5,193

82

6,498

24,480(24,480)-Total519,486

384,226

52,62531,614

17,935

1,005,887(24,480)

981,406

Segment income

19,42626,483

2,320

1,894

1,513

51,638168

51,806

Outside customer sales(Notes) 1. "Others" is business segment not included in reportable segments.
2. Segment income of 168 million yen is inter-segment eliminations.
3. Segment income is adjusted to operating income of Quaterly Consolidated Statements of Income.

- 8-