Message from the Chairman and President

2Toyota Industries Report 2015

Tetsuro Toyoda

Akira Onishi

ChairmanPresident

We sincerely appreciate your support of Toyota Industries
Corporation and the Toyota Industries Group.
Looking at the overall economic conditions during fiscal
2015, ended March 31, 2015, although the U.S. economy
remained solid, the Chinese economy recorded slower
growth. As a result, the global economy registered a mild
recovery overall. The Japanese economy decelerated as theconsumption tax hike pushed down consumer spending.
Under these business conditions, the Toyota Industries
Group focused on its quality first approach to earn the trustof customers and worked to expand sales by appropriately
responding to respective market trends. As a result of thesemeasures, Toyota Industries achieved record highs inconsolidated net sales, operating income, ordinary income
and net income.
Regarding the future outlook, the recovery in the world
economy is expected to sustain momentum while in Japan
consumer spending is anticipated to recover on the back ofa rise in wages. Nevertheless, the business environment
remains clouded by a host of uncertainties, including
Japan’s overdependence on the U.S. economy, a further
deceleration of the Chinese economy, an unstable situationin the Middle East and a deflationary trend in Europe.
Amid these circumstances, the Toyota Industries Groupis building a stronger business foundation and addressing
key management issues by leveraging the Group’s
comprehensive strengths to further raise corporate value.
As immediate tasks, we will maintain and improve our
muscular business structure to respond flexibly to rapidchanges in the business environment. Specifically, we willcomprehensively take into account quality and costs fromthe design stage, reduce lead times from development tosales and undertake cost improvement activities.
Additionally, we will push ahead with the development of
new technologies unmatched by competitors around theworld and plan and develop appealing products tailored tothe characteristics and needs of customers in each market.
Moreover, we will work to build global production and sales
structures and expand our value chain to provide a wide
range of services.
Over the medium to long term, based on our quality first
approach, we regard our top priority tasks as responding toenvironmental and safety issues and enhancing global
competitiveness. In doing so, we will support industries andsocial foundations around the world by continuously
supplying products and services that anticipate customers’

needs in order to contribute to a comfortable society andenriched lifestyles.
As articulated in Vision 2020, we will develop
environment-friendly, energy-saving products focusing on
the keywords of the 3Es (Energy, Environmental protection
and Ecological thinking), while integrating functions andservices demanded by customers (Value Chain) andproviding these worldwide (World Market). Through thesemeasures, we aim for growth in three business units, namely
the “solution” business unit consisting of materials handlingequipment, logistics and textile machinery; the “keycomponents” business unit encompassing car airconditioning compressors and car electronics; and the“mobility” business unit covering vehicles and engines. The
Toyota Industries Group aims to work in unison to realize
Vision 2020 based on the Medium-Term Management Plan,
which lays out specific measures in each business unit up tofiscal 2016.
To support our global consolidated management, we willraise workplace capabilities, diversify the utilization ofpersonnel and nurture human resources capable of playing
active roles on the global stage. In addition, to counter a risein risks resulting from an expansion in business activities, we
aim to mitigate such risks and make a swift and accurate
response when such risks materialize.
Besides creating a workplace that places the utmost
priority on safety and thoroughly carrying out compliance,
which includes adhering to laws and regulations, we will
actively participate in social contribution activities. Throughthese efforts, we aim to win the trust of society and grow inharmony with society.
In closing, we ask for your continued understanding andsupport.		

August 2015

Tetsuro Toyoda
Chairman

Akira Onishi
President

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