Consolidated Balance Sheets
Toyota Industries Corporation
As of September 30 and March 31, 2005, and September 30, 2004 (unaudited)Thousands ofU.S. dollars (Note 1)

Millions of yen
September 30

March 31

September 30

September 30

2005

2005

2004

2005

ASSETS
Current assets:
Cash and cash equivalents
Trade notes and accounts receivable (Note 3)
Short-term investments (Note 7)¥73,793¥ 100,536 ¥

76,828

181,764

173,459

150,569$

651,939
1,605,831

172

199

139

1,519

Inventories

96,361

94,02486,525

851,321

Deferred tax assets

15,942

20,37919,879140,843

Other current assets

72,93576,72937,524644,359

Less — allowance for doubtful accounts(2,248)(2,352)(2,365)(19,860)

438,719

462,974

369,099

3,875,952

Buildings and structures (Note 3)

144,991

132,419

129,127

1,280,952

Machinery, equipment and vehicles (Note 3)

214,068

185,425

170,712

1,891,227

Tools, furniture and fixtures

20,052

18,83415,806

177,153

Land (Note 3)

83,00378,65972,290733,307

Construction in progress

34,722

41,742

22,036

306,759

Total property, plant and equipment

496,836457,079

409,971

4,389,398

Total current assets
Fixed assets:
Property, plant and equipment:

Intangible assets:
Software12,824

12,411

12,156113,297

Goodwill

95,318104,561

83,769842,106

Total intangible assets

108,142

116,972

95,925955,403

Investments and other assets:
1,543,487

1,198,337

1,211,168

13,636,249

Investments in unconsolidated subsidiaries and affiliated companies

Investments in securities (Notes 3 and 7)

35,31031,06328,805

311,953

Long-term loans

9,019

9,804

9,625

79,680Long-term prepaid expenses

11,966

13,21913,726

105,716

Deferred tax assets

6,513

7,234

6,075

57,541Other investments and other assets

32,87230,473

29,202

290,414

(213)

(331)

(267)

(1,882)

1,638,954

1,289,799

1,298,334

14,479,671

2,243,932

1,863,850

1,804,230

19,824,472¥2,682,651¥2,326,824 ¥2,173,329$23,700,424

Less — allowance for doubtful accounts

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

10TOYOTA INDUSTRIES CORPORATIONSEMIANNUAL REPORT 2006

Thousands ofU.S. dollars (Note 1)

Millions of yen
September 30

March 31

September 30

September 30

2005

2005

2004

2005

¥ 159,590¥ 160,231¥ 134,553$ 1,409,930

Short-term bank loans (Note 3)

29,97759,94575,672

264,838

Commercial paper

50,876–15,000449,474

Current portion of bonds (Note 3)

15,00020,30020,300132,521

Other payables

24,72545,462

18,573

218,438

Accrued expenses

62,36259,357

55,116550,950

Accrued income taxes

10,445

15,297

13,551

92,278Deposits received from employees

20,70420,055

19,862

182,914

Deferred tax liabilities

3,760

4,067

3,145

33,218Other current liabilities (Note 3)

42,221

36,826

10,476

373,010

Total current liabilities

419,660

421,540

366,248

3,707,571

Bonds

220,394

230,000

180,000

1,947,116

Long-term debt (Note 3)

98,82773,492

41,389873,107

Deferred tax liabilities

511,530

381,787

388,322

4,519,216

Allowance for retirement benefits

44,13044,463

42,486

389,875

Other long-term liabilities

18,126

18,891

18,448160,138

LIABILITIES, MINORITY INTERESTS AND SHAREHOLDERS’ EQUITYCurrent liabilities:
Trade notes and accounts payable

Long-term liabilities:

Total long-term liabilities

893,007748,633

670,6457,889,452

1,312,667

1,170,173

1,036,893

11,597,023

43,84940,904

38,220387,393

80,46380,46380,463710,867

Capital surplus

105,669

105,601

105,621933,554

Retained earnings

342,075

325,331

310,055

3,022,131

Net unrealized gains on other securities

788,774

591,218

598,869

6,968,584

Foreign currency translation adjustments

23,54329,861

19,967

207,995

Treasury stock at cost — 6,538,315 shares as of September 30, 2005

(14,389)(16,727)(16,759)(127,123)

Total shareholders’ equity

1,326,135

1,115,747

1,098,216

11,716,008

Total liabilities, minority interests and shareholders’ equity¥2,682,651¥2,326,824¥2,173,329$23,700,424

Total liabilities
Minority interests in consolidated subsidiaries
Shareholders’ equity:
Common stock:
Authorized — 1,091,245,000 shares
Issued—325,840,640 shares as of September 30, 2005
325,840,640 shares as of March 31, 2005
325,840,640 shares as of September 30, 2004

7,603,825 shares as of March 31, 2005
7,620,759 shares as of September 30, 2004

TOYOTA INDUSTRIES CORPORATIONSEMIANNUAL REPORT 200611