Topics
In this section, we review the highlights of Toyota Industries’ activities from April to October 2003.

NEW PRODUCTS
Production Start-Up of Two-WayCompressors

Commercialization of Electrically-Driven Car
Air-Conditioning Compressors for Hybrid Cars

Toyota Industries developed jointlywith DENSO Corporation(“DENSO”) and started productionof a two-way compressor with abuilt-in motor, to be used for air
conditioners of hybrid cars. Thiscompressor is driven alternately by
Two-Way Compressor
an engine during driving and by abuilt-in motor during engine stop,achieving a balance between fuel efficiency and comfort when thecar air-conditioner is turned on. It is installed in Toyota Motor
Corporation’s (“TMC’s”) Estima Hybrid, which was re-introduced
to the market in July 2003 after a minor change, and Alphard
Hybrid, which was launched in the same month.

We also developed jointly with DENSO and started production of anelectrically-driven car air-conditioning compressor for hybrid cars.
Unlike conventional compressors that are belt-driven by the engine,
this compressor is driven by a built-in motor. As a result, the airconditioner remains on even when the engine is turned off, ensuring
both interior comfort and fuel economy for idling stop vehicles suchas hybrid cars.
The optimized shape of the scroll andother innovations allow the electricallydriven compressor to improve thecompression efficiency of the refrigerant
and minimize energy loss for optimum
performance. It is installed in the newPrius, which was introduced to theElectrically-Driven Compressor
ES18market by TMC in September 2003.

EXHIBITIONSElectronics Devices Showcased at
CEATEC JAPAN 2003
From October 7 to 11, 2003, CEATEC JAPAN 2003, one of Asia’s
largest electronics exhibition dedicated to communications,information, and imaging technologies, was held at the Makuhari
Messe on the outskirts of Tokyo.

We displayed the following at the show: A white organic lightemitting diode (“OLED”) back light for LCD panels and an OLED
display, both of which take advantage of our proprietary OLED
technology; a chipset conforming to the high-speed wireless LAN(“WLAN”) standard IEEE802.11g; an ultracompact, low-cost radio tuner module thatcombines the main functions of a radio on asingle chip utilizing full CMOS RF IC technology,and others.

Energy-Efficient, Environment-Friendly
Technology Displayed at
Tokyo Motor Show 2003
We displayed a selection of our advanced auto technologies at the37th Tokyo Motor Show, held from October 22 to November 5, 2003
at the Makuhari Messe. Under our show theme of “Environmental
technologies and key technologies -- supporting motor vehicle
evolution,” we displayed
products and technologies
designed to bring superior
levels of comfort to vehicle
occupants, including
environmentally soundtechnologies and electronics.
These included thefollowing: Various types of car
air-conditioning compressors,
such as an electrically-drivencompressor, a two-way compressor with a built-in motor (both ofwhich are installed in hybrid cars) and a CO2 refrigerant compressor(for fuel-cell hybrid vehicles); a diverse array of electronics parts suchas an OLED display, a wireless LAN device, and an ultra-compact
radio tuner module; and a variety of parts developed specifically forfuel-cell hybrid vehicles.

Radio Tuner

WLAN Access Point

WLAN CF Card Module

WLAN Chipset

TOYOTA INDUSTRIES CORPORATIONSEMIANNUAL REPORT 20045