At a Glance
Toyota Industries has been and will be aggressively switching its focus from the Textile Machinery Segment, the business uponwhich the Company was founded, to more diverse sectors. These include the Automobile Segment, comprising the vehicle(automobile assembly), engine and car air-conditioning compressor businesses, and the Materials Handling Equipment Segment,
which specializes in forklift trucks and other materials handling equipment. The Others Segment includes the Electronics
Business, which we expect will be the main driving force of future growth.
Essentially, Toyota Industries is a conglomerate focused on a variety of core businesses. We aim to enhance the value of theCompany as a whole by exploiting synergies among the key technologies and markets cultivated by each business division.
Note: Segment net sales figures do not include intersegment transactions. However, segment operating income figures do include operating income arising fromintersegment transactions.

Automobile Segment

Materials Handling Equipment Segment

The Automobile Segment, comprising vehicles (automobileassembly), engines, car air-conditioning compressors andother businesses (including foundry parts for engines andelectronic components for automobiles), currently accounts
for 57.5% of consolidated net sales. Our Vehicle Businessproduces four models: Vitz (Yaris overseas), a compact car
popular in Japan and Europe; RAV4; bB Open Deck; andSprinter Carib (Corolla Wagon overseas. Discontinued in thefirst half of fiscal 2003). Our Engine Business produces morethan ten engine models, including the 1CD and 1HD diesel
engines and the 1FZ, 5E and 2UZ gasoline engines. Our Car
Air-Conditioning Compressor Business develops andproduces various types of compressors, including swash platecompressors with fixed displacement, swash platecompressors with continuous variable displacement, andscroll-type compressors. We supply these products to theworld’s leading auto manufacturers through DENSO
Corporation.
Net sales of the Automobile Segment for fiscal 2002
totaled ¥563.6 billion. Operating income was ¥29.0 billion.

The Materials Handling Equipment Segment produces andmarkets the GENEO (7FG/D overseas) internal combustion
counterbalanced forklift truck, the GENEO-B (7FB overseas)
electric counterbalanced forklift truck, automated storage
and retrieval systems, and automatic guided vehicle systems.
In June 2000, we acquired BT Industries AB (“BT Industries”),
a leading warehouse truck company based in Sweden. This
expanded our product lineup. In April 2001, we absorbed
Toyota Motor Corporation’s Industrial Equipment Sales
Division with a view to accelerating our responses to marketneeds.
Net sales of the Materials Handling Equipment Segmentfor fiscal 2002 rose to ¥353.0 billion as a result of theconsolidation of BT Industries. Operating income was ¥13.4
billion.

GENEO-B (7FB15)

BT REFLEX AC
Reach Truck

Vitz (Yaris)
1CD Diesel Engine
Rack Sorter P
Automated Storageand Retrieval System(Pallet Type)

7SEU16 Compressor
Business/Operation

Products

Business/Operation

ProductsVehicle

Passenger vehicles

Industrial Vehicle

Counterbalanced forklift trucks

EngineDiesel engines

Warehouse trucks , etc.

Gasoline engines, etc.
Car Air-Conditioning
Compressor

Car air-conditioning compressors, etc.

OthersElectronic equipment for automobiles
Foundry parts for automobiles, etc.

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TOYOTA INDUSTRIES CORPORATIONANNUAL REPORT 2002

Materials Handling
SystemAutomated storage and retrieval systems
Automatic guided vehicle systems, etc.

Percentage of Net Sales

3.1%

3.4%

36.0%

57.5%
Automobile
Materials Handling Equipment
Textile Machinery
OthersTextile Machinery Segment

Others Segment

The Textile Machinery Segment is engaged in themanufacture and sales of spinning and weaving machinery.
The Spinning Machinery Business produces ring spinning
frames, roving frames, drawing frames and combing machines.
The Weaving Machinery Business manufactures air-jet looms,water-jet looms and preparatory machinery for weaving, suchas sizing machines and automatic drawing-in machines.
While sales of spinning machinery for fiscal 2002 increased
over fiscal 2001, sales of weaving machinery decreased. Netsales of the Textile Machinery Segment totaled ¥30.7 billion.
Despite concerted efforts to streamline management, thisdecrease in sales resulted in an operating loss of ¥0.4 billion.
During the first three months of 2002, we received a large
order for a total of some 3,900 air-jet looms from a group oftextile manufacturers in Jiangsu Province, China. These sales
will be included in fiscal 2003, and we therefore expect salesof our Weaving Machinery Business to show a substantialincrease.

The Others Segment comprises businesses that we enteredcomparatively recently. Although our operations in thesefields are still relatively limited, we expect them to become akey pillar of Toyota Industries in the future. ST Liquid Crystal
Display Corp. (“ST-LCD”)*, a 50-50 joint venture with SonyCorporation, forms the core of this new business sphere. InApril 1999, ST-LCD began production of low-temperaturepolysilicon TFT-LCDs, a next-generation product. Also in thissegment, TIBC Corporation, a joint venture with Ibiden Co.,
Ltd., began production of ball grid array (BGA) plastic
package substrates for IC chipsets, and flexible printed circuit(FPC) substrates for smart cards in April 1999. This segment
also includes the manufacture and sales of press dies andproduction equipment.
Net sales of the Others Segment for fiscal 2002 totaled¥32.8 billion. Operating income was ¥4.5 billion.
* As ST-LCD is an affiliate, its sales and operating income are not included in theconsolidated figures, but are accounted for by the equity method.

RX240NEW Ring Spinning Frame

Low-Temperature
Polysilicon TFT-LCDs

JAT610 Air-Jet Loom

Plastic Package Substrates

Business/Operation

ProductsBusiness/Operation

Products

Spinning Machinery

Ring spinning frames

ST Liquid Crystal
Display Corp.

Low-temperature polysilicon TFT-LCDs

TIBC Corporation

Ball grid array (BGA) plastic package
substrates for IC chipsets

Roving frames
Drawing frames, etc.
Weaving Machinery

Air-jet looms

Flexible printed circuit (FPC) substrates for
smart cards

Water-jet looms
Sizing machines, etc.

OthersPress dies, etc.

TOYOTA INDUSTRIES CORPORATIONANNUAL REPORT 2002

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