Consolidated Balance Sheets
Toyota Industries Corporation
As of September 30 and March 31, 2004, and September 30, 2003 (unaudited)Thousands of
U.S. dollars (Note 1)

Millions of yen

ASSETS

September 30

March 31

September 30

September 30

2004

2004

2003

2004

Current assets:
Cash and cash equivalents (Note 3)

76,828¥ 77,212 ¥

72,886

150,569

144,575

138,666

1,355,867

139

228

236

1,252

Inventories

86,52577,574

77,993779,154

Deferred tax assets

19,87917,534

13,262

179,009

Other current assets

37,52435,12894,234

337,901

Less — allowance for doubtful accounts(2,365)(2,337)(2,233)(21,297)

369,099

349,914395,044

3,323,719

Buildings and structures (Note 3)

129,127

124,423

121,769

1,162,783

Machinery, equipment and vehicles (Note 3)

170,712160,787

162,247

1,537,253

Tools, furniture and fixtures

15,806

15,565

16,055

142,332

Land

72,29071,78766,431

650,968

Construction in progress

22,036

16,835

15,352

198,433

Total property, plant and equipment

409,971389,397

381,854

3,691,769

Software12,156

11,993

10,340109,464

Goodwill

83,76987,86391,026754,336

Total intangible assets

95,92599,856

101,366

863,800

1,211,168

1,095,031

948,368

10,906,511

Unconsolidated subsidiaries and affiliated companies

28,80523,20815,736259,388

Long-term loans

9,625

9,756

9,905

86,673Long-term prepaid expenses

13,726

13,554

13,859123,602

Trade notes and accounts receivable (Note 3)
Short-term investments (Note 7)

Total current assets¥$

691,833

Fixed assets:
Property, plant and equipment:

Intangible assets:

Investments and other assets:
Investments in securities (Notes 3 and 7)

Deferred tax assets

6,075

3,538

3,481

54,705

Other investments and other assets

29,202

27,991

31,588262,962

Less — allowance for doubtful accounts

(267)

(250)

(226)

(2,404)

Total investments and other assets

1,298,334

1,172,828

1,022,711

11,691,437

1,804,230

1,662,081

1,505,931

16,247,006¥2,173,329 ¥2,011,995 ¥1,900,975$19,570,725

Total fixed assets
Total assets
The accompanying notes are an integral part of these financial statements.

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TOYOTA INDUSTRIES CORPORATIONSEMIANNUAL REPORT 2005

Thousands of
U.S. dollars (Note 1)

Millions of yen

LIABILITIES AND SHAREHOLDERS’ EQUITY

September 30

March 31

September 30

September 30

2004

2004

2003

2004

Current liabilities:
Trade notes and accounts payable¥ 134,553 ¥ 129,822 ¥ 124,713$ 1,211,643

Short-term loans (Note 3)

75,67270,442

94,593

681,423

Commercial paper

15,00015,00030,000135,074

Current portion of bonds (Note 3)

20,300––182,801

Other payables

18,57319,067

15,652

167,249

Accrued expenses

55,116

51,58749,183496,317

Accrued income taxes

13,551

8,845

6,089

122,026

Deposits received from employees

19,862

19,497

19,288178,856

Deferred tax liabilities

3,145

2,743

1,912

28,321Other current liabilities (Note 3)

10,476

9,334

10,89994,337

Total current liabilities

366,248

326,337

352,319

3,298,047

Bonds (Note 3)

180,000

200,300

200,300

1,620,891

Long-term debt (Note 3)

41,38935,22535,188372,706

Deferred tax liabilities

388,322

346,336

288,999

3,496,821

Allowance for retirement benefits

42,48634,26434,000382,584

Other long-term liabilities

18,448

17,843

16,571

166,124

Total long-term liabilities

670,645633,968

575,058

6,039,126

1,036,893

960,305

927,377

9,337,173

38,22034,92633,732

344,169

80,46380,46380,463

724,565

Capital surplus

105,621

105,743

105,742951,112Retained earnings

310,055

294,672

282,049

2,792,031

Net unrealized gains on other securities (Note 7)

598,869

534,079

447,192

5,392,787

Long-term liabilities:

Total liabilities
Minority interest in consolidated subsidiaries
Shareholders’ equity:
Common stock:
Authorized — 1,091,245,000 shares
Issued—325,840,640 shares as of September 30, 2004
325,840,640 shares as of March 31, 2004
325,840,640 shares as of September 30, 2003

Translation adjustments

19,967

19,78325,320179,802

Treasury stock at cost — 7,620,759 shares as of September 30, 2004

(16,759)(17,976)(900)(150,914)

Total shareholders’ equity

1,098,216

1,016,764

939,866

9,889,383

Total liabilities and shareholders’ equity¥2,173,329 ¥2,011,995 ¥1,900,975$19,570,725

8,174,958 shares as of March 31, 2004
506,469 shares as of September 30, 2003

TOYOTA INDUSTRIES CORPORATIONSEMIANNUAL REPORT 2005

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