Profile
Toyota Industries Corporation was founded in 1926 by renowned Japanese inventor
Sakichi Toyoda to manufacture automatic looms. Toyota Industries proceeded over theyears to diversify into such fields as automobiles, materials handling equipment,
electronics and logistics solutions. In line with its strategy of globalization, Toyota
Industries has production facilities not only in Japan but also in Europe, North America,
Asia and other regions.
The business domains of Toyota Industries consist of four segments: Automobile,which comprises the vehicle (automobile assembly), engine and car air-conditioningcompressor businesses; Materials Handling Equipment, which specializes in forklift
trucks and other materials handling equipment; Textile Machinery, which covers thespinning and weaving machinery businesses; and Others, which includes electronics,
logistics solutions and other businesses. Each of these segments already has or is
gaining a secure footing in its particular fields.
Developing technological and market synergies among our various businesses toproduce added value, we aim to achieve a conglomerate premium so that the worth of
Toyota Industries as a whole adds up to more than the sum of its parts.

Cautionary Statement with Respect to Forward-Looking Statements
This semiannual report contains projections and other forward-looking statements that involve risks and uncertainties. The use of the words“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 such projections 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 notguarantees of future performance. Toyota Industries Corporation 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 and forward-looking statements in making your investment decisions. You should also be aware thatcertain risks and uncertainties could cause the actual results of Toyota Industries Corporation and its Group companies to differ materiallyfrom any projections or forward-looking statements appearing in this report. These risks and uncertainties include, but are not limited to, thefollowing: 1) economic trends, 2) principal customers, 3) product development capabilities, 4) new businesses, 5) product defects, 6) pricecompetition, 7) reliance on suppliers of raw materials and components, 8) alliances with other companies, 9) exchange rate fluctuations,10) effects of disasters, power blackouts and other incidents, 11) latent risks associated with international activities, 12) official restrictions,13) share price fluctuations, and 14) retirement benefit liabilities.

Definition of Terms“Fiscal 2005” refers to the fiscal year ending March 31, 2005, and other fiscal years are referred to in a corresponding manner. All references
to the “Company” herein are to Toyota Industries Corporation, and references to “Toyota Industries” or “Toyota Industries Group” herein areto the Company and its 142 consolidated subsidiaries.