Consolidated Statements of Financial Position
Toyota Industries Corporation
For the years ended March 31, 2017 and 2018

Millions of yen
2017

Millions of yen

2018

Assets2018¥ 395,698¥ 479,253

Liabilities and Equity
Liabilities

Current assets¥ 243,685¥ 323,830		 Time deposits with deposit terms of over three months

162,668

111,796		 Trade payables and other payables		 Trade receivables and other receivables

646,542

764,514		 Corporate bonds and loans

311,663

400,803		 Other financial assets

11,632

6,359		 Other financial liabilities

71,807

71,683		Inventories

194,427

223,714		 Accrued income taxes

11,16327,097		 Income tax receivables

21,106

9,359		Provisions

7,397

7,754		 Other current assets

42,35654,219		 Other current liabilities

12,872

19,284

Total current assets

1,322,420

1,493,793

Total current liabilities

810,603

1,005,876		 Cash and cash equivalents

Current liabilities

889,220		 Corporate bonds and loans

665,890

767,297		 Goodwill and intangible assets

185,813361,797		 Other financial liabilities

79,37570,912149

337		 Net defined benefit liabilities

92,55286,655

8,673

10,352		Provisions

6,479

8,460

2,161,509

2,441,545		 Deferred tax liabilities

567,803665,342		 Net defined benefit assets

18,12929,232		 Other non-current liabilities

19,03920,086		 Deferred tax assets

23,80027,017

Total non-current liabilities

1,431,140

1,618,754		 Other non-current assets

4,386

5,204

2,241,744

2,624,631

3,235,791

3,764,707¥4,558,212¥5,258,500		Capital stock

80,46280,462		Capital surplus

105,417

105,343		Retained earnings

954,503

1,084,139		Treasury stock(59,272)(59,284)

1,159,181

1,342,730

2,240,293

2,553,391

76,17480,478

Total equity

2,316,467

2,633,869

Total liabilities and equity¥4,558,212¥5,258,500		 Trade receivables and other receivables		 Investments accounted for by the equity method		 Other financial assets

Total non-current assets
Total assets

Total liabilities
EquityShare of equity attributable to owners of the parent		 Other components of shareholders’ equity
Total share of equity attributable to owners of the parent
Non-controlling interests

Toyota Industries Report 2018

Financial Section /Corporate Information

833,329

Promotion ofESG Initiatives		 Property, plant and equipment

Strategies andBusinesses

Non-current liabilities

Company Introduction

Non-current assets

76

201777

Consolidated Statements of Profit or Loss

Consolidated Statements of Comprehensive Income

Toyota Industries Corporation
For the years ended March 31, 2017 and 2018

Toyota Industries Corporation
For the years ended March 31, 2017 and 2018

Millions of yen
2017

2018

Net sales¥ 1,675,148¥ 2,003,973

Cost of sales(1,278,378)(1,534,207)

396,769

469,765		 Items not to be reclassified into profit or loss

(268,354)(334,347)

Other profit

11,411Other expenses

20172018¥137,565¥173,816			 Profit (loss) from FVTOCI financial assets

77,802

184,278

21,915			 Remeasurements of defined benefit plans

4,862

3,629

(12,480)(9,887)

			Other comprehensive income of affiliates accounted for by the equity method21(4)Operating profit

127,345

147,445		 Total items not to be reclassified into profit or loss

82,686

187,903

Financial income

63,73470,279		 Items that can be reclassified into profit or loss

Financial expenses(10,067)(10,046)

			 Foreign currency translation adjustment(18,913)(1,564)

974

2,149

1,242

1,419

181,986

209,827			Other comprehensive income of affiliates accounted for by the equity method

162

24(44,420)(36,010)

		 Total items that can be reclassified into profit or loss

(17,509)(120)

137,565

173,816

Total other comprehensive income after income taxes

65,177

187,782

202,743

361,599		 Owners of the parent

197,355

355,101		Non-controlling interests

5,387

6,497

Gross profit

Profit before income taxes
Income taxes
ProfitComprehensive income		 Owners of the parent

131,398

168,180		Non-controlling interests

6,167

5,635

Earnings per share—diluted (yen)Toyota Industries Report 2018¥420.78—¥541.67—

Total comprehensive income attributable to:

Financial Section /Corporate Information

Earnings per share
Earnings per share—basic (yen)			Cash flow hedges

Promotion of
ESG Initiatives

Profit attributable to:

Other comprehensive income:Strategies andBusinesses

Share of profit (loss) of investments accounted for by the equity method

ProfitCompany Introduction

Selling, general and administrative expenses

78

Millions of yen

79Consolidated Statements of Changes in Equity
Toyota Industries Corporation
For the years ended March 31, 2017 and 2018

Millions of yen

Millions of yen

Share of equity attributable to owners of the parent

Capital stock Capital surplus

Other components of shareholders’ equity

Other components ofshareholders’ equity
Treasury stock

Profit (loss) from Remeasurements
FVTOCI financialof defined
assetsbenefit plans

Total equity¥1,098,627¥2,098,658¥70,655¥2,169,313——

131,398

6,167

137,565

Cash flow
hedgesSubscriptionrights toshares¥(32,799)¥(1,235)

¥ 6—

—

Total

¥1,132,655

Profit——131,398———

Other comprehensive income————

77,521

4,811

Other comprehensive income(17,618)

1,242—

65,95765,957(779)

65,177

Total comprehensive income——

131,398—

77,521

4,811

Total comprehensive income(17,618)

1,242—

65,957

197,355

5,387

202,743

Repurchase of treasury stock

—

(36)

—

(18,011)——

Repurchase of treasury stock

—

—

—

—

(18,048)—(18,048)

Disposal of treasury stock

—

(0)

—

5—

—

Disposal of treasury stock

—

—

—

—

5—

5

Dividends——(37,609)———

Dividends

—

—

—

—

(37,609)(2,290)(39,899)

Changes in ownership interest of subsidiaries

—

(62)

—

—

—

—

Changes in ownership interest of subsidiaries

—

—

—

—

(62)

30

(31)

Changes in non-controlling interests as aresult of changes in scope of consolidation

—

—

—

—

—

—

Changes in non-controlling interests as aresult of change in scope of consolidation

—

—

—

—

—

30

30

Reclassified into retained earnings

—

—

5,395

—

(584)

(4,811)

Reclassified into retained earnings

—

—

—

(5,395)———

Other increases (decreases)

—

—

—

—

—

—

Other increases (decreases)

——

(6)

(6)

(6)

2,360

2,354

Total transactions with owners

—

(99)

(32,213)(18,005)(584)(4,811)

Total transactions with owners

—

—

(6)

(5,402)(55,721)131(55,589)

80,462

105,417954,503(59,272)

1,209,592—(50,417)

6—

1,159,181

2,240,293

76,174

2,316,467

Profit——168,180

—

—

—

—

—

—

—

168,180

5,635

173,816

Other comprehensive income

—

—

—

—

183,956

3,525

Other comprehensive income(1,980)1,419—

186,920

186,920861

187,782

Total comprehensive income——

168,180—

183,956

3,525

Total comprehensive income(1,980)1,419—

186,920355,101

6,497

361,599

Repurchase of treasury stock

—

—

—

(12)

—

—

Repurchase of treasury stock

—

—

—

—

(12)

—

(12)

Disposal of treasury stock

—

—

—

—

—

—

Disposal of treasury stock

—

—

—

—

—

—

—

Dividends——(41,915)———

Dividends

—

—

—

—

(41,915)(2,390)(44,306)

Changes in ownership interest of subsidiaries

—

(74)

—

—

—

—

Changes in ownership interest of subsidiaries

—

—

—

—

(74)

—

(74)

Changes in non-controlling interests as aresult of changes in scope of consolidation

—

—

—

—

—

—

Changes in non-controlling interests as aresult of change in scope of consolidation

—

—

—

—

—

166

166

Reclassified into retained earnings

—

—

3,371

—

153

(3,525)

Reclassified into retained earnings

—

—

—

(3,371)———Other increases (decreases)

—

—

—

—

—

—

Other increases (decreases)

—

—

—

—

—

30

30

Total transactions with owners

—

(74)

(38,544)

(12)

153

(3,525)

Total transactions with owners

—

—

—

(3,371)(42,003)(2,193)(44,196)¥80,462¥105,343¥1,084,139¥(59,284)¥1,393,702¥

Balance at March 31, 2018¥(52,397)¥ 1,426¥—¥1,342,730¥2,553,391¥80,478¥2,633,869

Balance at March 31, 2017

Balance at March 31, 2018

Toyota Industries Report 2018¥——

Balance at April 1, 2016
ProfitBalance at March 31, 2017
ProfitFinancial Section /Corporate Information¥(41,266)

Promotion of
ESG Initiatives¥ 855,317

Strategies andBusinesses¥105,517

Company Introduction

Total

Noncontrollinginterests

Foreigncurrencytranslation
adjustment¥80,462

Balance at April 1, 2016

80Retainedearnings

Share of equity attributable to owners of the parent

81Consolidated Statements of Cash Flows
Toyota Industries Corporation
For the years ended March 31, 2017 and 2018

Millions of yen2017

2018

Cash flows from operating activities:

2,849(62,862)(67,115)Interest expenses

8,111

7,862

Share of (profit) loss of investments accounted for by the equity method(974)(2,149)(Increase) decrease in inventories(3,010)(23,875)(Increase) decrease in trade receivables and other receivables(16,249)(37,417)

Increase (decrease) in trade payables and other payables

28,589(452)

Others(16,772)(22,145)

Subtotal

269,912229,863Interest and dividends income received

63,186

67,401

Interest expenses paid

(8,374)(7,766)

Income taxes paid

(85,630)(20,929)

239,094

268,567(164,225)(200,115)

Proceeds from sales of property, plant and equipment

10,167

12,474

Payments for purchases of investment securities(30,612)(18,022)

Proceeds from sales of investment securities

7,591

136

Payments for acquisition of subsidiaries’ stock
resulting in change in scope of consolidation(2,855)(172,511)

Payments for loans made(607)(648)

Proceeds from collection of loans

958950

Payments for bank deposits(373,122)(241,296)

Proceeds from withdrawals of bank deposits

480,742

292,010

Payments for transfer of business(3,269)(248)

Others(11,691)(13,052)(86,925)(340,324)

Cash flows from investing activities:
Payments from purchase of property, plant and equipment

Net cash used in investing activities

82

Toyota Industries Report 2018

463

70

Net increase (decrease) in short-term loans (within three months)

16,384(32,031)

Proceeds from short-term loans payable (over three months)

36,921

26,729

Repayments of short-term loans payable (over three months)(114,087)(26,607)

Proceeds from long-term loans payable

63,242

108,882

Repayments of long-term loans payable(36,084)(162,706)

Proceeds from issuance of corporate bonds

80,068294,596

Repayments of corporate bonds(20,000)(10,000)

Payments for repurchase of treasury stock(18,048)(12)

Cash dividends paid

(37,609)(41,915)

Cash dividends paid to non-controlling interests(2,290)(2,390)

Proceeds from payments by non-controlling interests

2,245

422

Others

29,714(572)

789

153,303

Translation adjustments of cash and cash equivalents(1,672)(1,400)Net increase (decrease) in cash and cash equivalents

151,286

80,145

Cash and cash equivalents at beginning of period

92,399243,685¥ 243,685¥ 323,830

Net cash provided by (used in) financing activities

Cash and cash equivalents at end of period

Financial Section /Corporate Information

2,136

Net cash provided by operating activities(1,159)Promotion ofESG Initiatives

162,481Interest and dividends income(131)

Payments for acquisition of subsidiaries’ stock
not resulting in change in scope of consolidation
Proceeds from sales of subsidiaries’ stock
not resulting in change in scope of consolidation

Strategies andBusinesses

148,957

Impairment losses

2018

Company Introduction¥ 209,827

Depreciation and amortization

2017

Cash flows from financing activities:¥ 181,986

Profit before income taxes

Millions of yen83