Directors and Corporate Auditors(As of September 30, 2001)

Board of Directors
Chairman

Senior Managing Directors

Akira Yokoi*

President
Tadashi Ishikawa*

Honorary Chairman

Managing Directors

Yoshitoshi Toyoda

Tetsuro Toyoda*

Norio Sato

Morio Kawamura*Masazumi Konishi

Shiro Endo*

Shinjiro Kamimura

Kazuhiko Takeuchi*

Tatsuo Matsuura

Tatsuro Toyoda

Masanori ItohYoshimitsu Ogihara

Akira Imura

Seiji Ueda

Iwao Katayama

Shigetaka Yoshida

Executive Vice Presidents
Shozo Nakayama*
Koichiro Noguchi*

Directors

Tsuneyoshi Kajiwara*Representative Director

Shinichiro Matsuyama
Masafumi KatoYasuharu Toyoda

Corporate Auditors

Kimpei Mitsuya

Standing Corporate Auditors

Corporate Auditors

Shigetaka Mitomo

Iwao Isomura

Tadashi Komiya

Hiroshi Makino

Hiroya Kono
Kazunori Yoshida
Kenji Takenaka

Subsidiaries and Affiliates(As of September 30, 2001)

Consolidated Subsidiaries
Company Name

Head Office

Capital(thousands)

Japan
TIBC Corporation
TOYODA-SULZER MANUFACTURING LTD.
TOYOTA L&F TOKYO Co., Ltd.
Logistics Planning Tokyo Co., Ltd.
ALTEX CO., LTD.
Sun River Co., Ltd.
IZUMI MACHINE MFG. CO., LTD.
TOYOTA L&F KEIJI Co., Ltd.
TOKYU CO., LTD.
MINO TOKYU CO., LTD.
Toyoda High System, Incorporated
Nishina Industrial Co., Ltd.
Tokaiseiki Co., Ltd.
LOGISTEC CO., LTD.
SKE Inc.
SK Maintenance Inc.
Iwama Loom Works, Ltd.
KAWAMOTO SYSTEM CORPORATIONARTI Inc.
TOYOTA L&F SHIZUOKA Co., Ltd.
HARA CORPORATION
Mizuho Industry Co., Ltd.
Sun Valley Inc.
Sun Staff, Inc.
TOKAI SYSTEM INSTITUTE CORP.
Shine’s Inc.

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Aichi
Aichi
Tokyo
Tokyo
Shizuoka
Osaka
Aichi
Kyoto
Aichi
Gifu
Aichi
NaganoShizuoka
Aichi
Aichi
Aichi
Aichi
Aichi
Aichi
Shizuoka
Gifu
Aichi
Aichi
Aichi
Aichi
Aichi

¥3,000,000¥500,000¥350,000¥10,000¥200,000¥150,000¥150,000¥140,000¥135,000¥18,000¥100,000¥100,000¥98,000¥90,000¥78,500¥50,000¥49,920¥47,000¥30,000¥30,000¥23,193¥20,000¥20,000¥20,000¥10,000¥10,000

EquityOwnership
65.0 %
100.0
90.0
90.0
75.0
81.3
60.7
65.0
63.3
93.4
90.0
50.0
92.1
100.0
100.0
70.0
50.0
100.0
100.0
90.0
73.2
93.8
100.0
100.0
100.0
100.0

Company Name

Head Office

CapitalEquityOwnership(thousands)

Outside Japan
Toyoda International Sweden AB *1
BT Industries Group *1 (61 companies)
Michigan Automotive Compressor, Inc.
Toyota Industries North America, Inc. *2
Toyota Industrial Equipment Mfg., Inc. *2
Toyota Material Handling USA, Inc. *2
ACTIS Manufacturing Ltd, LLC *2
Toyota-Lift of Los Angeles, Inc. *2Toyoda Textile Machinery, Inc. *2
TAL Personnel Service, Inc. *2
TD Deutsche Klimakompressor GmbH
Kirloskar Toyoda Textile Machinery Ltd.
Toyota Industry (Kunshan) Co., Ltd.
Toyota Truck Norge AS
Toyota Truckutleie Norge AS
Toyota Truck Danmark A/S
Toyota Truckudlejning Danmark A/S
Toyota Industrial Equipment, S.A.
Toyota Gabelstapler Deutschland GmbHToyota Industrial Equipment (UK) Limited
Toyota Industrial Equipment (Northern) Limited
Toyota Industrial Equipment Europe, S.A.R.L.
Toyota Carrelli Elevatoria Italia S.r.l.

Mjölby, Sweden
SEK6,652,977——
Parma, Michigan, U.S.A.
US$146,000
Schaumburg, Illinois, U.S.A.
US$27,000
Columbus, Indiana, U.S.A.
US$60,000
Torrance, California, U.S.A.
US$12,500
Grapevine, Texas, U.S.A.
US$2,000
Santa Fe Springs, California, U.S.A.
US$1,500
Charlotte, North Carolina, U.S.A.
US$1,300
Charlotte, North Carolina, U.S.A.
US$100Straßgräbchen, Germany
EUR20,452
Bangalore, Karnataka, India
Rs816,200
Kunshan, Jiangsu, China
US$16,000
Trondheim, Norway
NOK110,000
Trondheim, Norway
NOK100
Vejle, Denmark
DKK9,000Vejle, Denmark
DKK500Ancenis, France
EUR9,000
Duisburg, Germany
DM1,400
Castleford, West Yorkshire, U.K.
GBP48
Castleford, West Yorkshire, U.K.
GBP10Ancenis, France
FRF492
Bologna, Italy
EUR1,250

100.0 %—
60.0
100.0
100.0
100.0
60.0
100.0
100.0
100.0
65.0
85.5
70.0
100.0
100.0
100.0
100.0
66.0
100.0
100.0
100.0
100.0
100.0Unconsolidated Subsidiaries Accounted for by the Equity Method
Company Name

Head Office

EquityOwnership

Capital(thousands)

Outside JapanBT Industries Group *1 (2 companies *3)———

Affiliates Accounted for by the Equity Method
Company Name

Head Office

Japan
ST Liquid Crystal Display Corp.
TAIKOH TRANSPORTATION CO., LTD.

Aichi
Aichi

Outside JapanBT Industries Group *1 (15 companies)—(thousands)

CapitalEquityOwnership¥30,000,000¥83,985

50.0%
46.2

—

—

*1 BT Industries Group is composed of 78 subsidiaries and affiliates and is centered on the holding company BT Industries AB (headquartered in Mjölby, Sweden,capitalized at SEK560 million). Toyoda International Sweden AB held 99.3% of the outstanding shares of BT Industries AB as of September 30, 2001.
*2 Toyota Industries North America, Inc. is a holding company that exercises control over Toyota Industrial Equipment Mfg., Inc., Toyota Material Handling USA Inc.,ACTIS Manufacturing Ltd, LLC, Toyota-Lift of Los Angeles, Inc., Toyoda Textile Machinery, Inc. and TAL Personnel Service, Inc.
*3 BT Industries AB temporarily holds more than a 50% share of the capital of two subsidiaries.
Note: ¥-Japanese yen; SEK-Swedish krona; US$-U.S. dollar; EUR-Euro; Rs-Indian rupee; NOK-Norwegian krone; DKK-Danish krone; DM-German mark;
GBP-British pound; FRF-French franc

25