Continuous Value Creation of theToyota Industries Group

Materials HandlingEquipment

2000—P32[ Strengthening Businesses
Utilizing Strategic M&A andOther Measures ]Based on the Basic Philosophy, Toyota Industries has provided products and services truly needed bysociety by leveraging the technologies and know-how cultivated for more than 90 years since ourfoundation. We will continue to strive for the sustainable growth of our businesses by further
contributing to the realization of an enriched lifestyle and comfortable society.

Primarily in the Materials Handling Equipment
Business, which grew to become one of ourcore businesses, we have pushed forward withexpanding the value chain and making advancesfor global business development through suchmeasures as strategic M&A,
thereby continuing our efforts
to further strengthen ourbusinesses.

1988—[ Becoming a Global Company ]Basic Philosophy[Respect for the Law]

Toyota Industries is determined to comply with the letter and spirit of the law, in Japan and overseas,
and to be fair and transparent in all its dealings.
[Respect for Others]
Toyota Industries is respectful of the people, culture, and traditions of each region and country in which
it operates. It also works to promote economic growth and prosperity in those regions and countries.
[Respect for the Natural Environment] Through its corporate activities, Toyota Industries works to contribute to regional living conditions andsocial prosperity and also strives to offer products and services that are clean, safe, and of high quality.
[Respect for Customers]
Toyota Industries conducts intensive product research and forward-looking development activities tocreate new value for its customers.
[Respect for Employees]
Toyota Industries nurtures the inventiveness and other abilities of its employees. It seeks to create aclimate of cooperation, so that employees and the Company can realize their full potential.

Amid an expansion in demand for lift trucks
in North America and giving consideration
to trade frictions and impacts fromfluctuations in exchange rates, weestablished a manufacturing company for
lift trucks in the U.S. state of Indiana in1988. This move was subsequently
followed by global production of car
air-conditioning compressors, foundryparts and textile machinery, and Toyota
Industries made great strides toward
becoming a global company.

Fuel cell lift truck

Key cart

Automobile

P37

Aerial work platform

Low lift order picker
GD diesel engine

1953—

Electric compressor

Electric lift truck[ Diversification and Expansion of Businesses ]We encapsulated the spirit offounder Sakichi Toyoda in the
Toyoda Precepts, which serve as
Toyota Industries’ corporate creed
and upon which our Basic
Philosophy is based.

We began production of engines andassembly of vehicles in 1953 andproduction of lift trucks in 1956 in ourefforts to diversify our businesses,
followed by production of car
air-conditioning compressors in 1960.
We continued to engage in research anddevelopment to nurture new businesses
and build the foundation for future growth.

RAV4LA-type internal-combustion
lift truck

DC-DC converter

Vitz (Yaris outside Japan)
Variable-displacement
type compressor

S-type gasoline
engineAfter putting a lot of effort into research and trials, Sakichi
Toyoda finally invented and completed the Type G
automatic loom. Toyoda Automatic Loom Works, Ltd.
(now Toyota Industries Corporation) was established tomanufacture the loom in 1926. Carrying on his spirit ofbeing studious and creative, we embarked on a path toundertake the development and production ofJapanese-made spinning machinery and automobiles.

Toyota Industries’
CSR Activities

P43

Towing tractor

1926—[ The Beginning ]Textile Machinery

Automated storage
and retrieval system

JAT810 air-jet loom

Publica pickup truck
RX300 ring spinning frame

Yarn quality measurement
instrument

Fixed-displacement
type compressor

RX100 ring spinning frame
JA air-jet loom

Type G automatic loom

[Main Scope of CSR Activities]
Contribution asa corporate citizen

Contribution in
non-business areas

Ethical responsibility /ComplianceFairness, transparency,
respect for human rightsand cultures, environmental
conservation

Foundation ofbusiness activities

Economic responsibility(business responsibility)

Continuous provision ofproducts and services
that contribute to society

Contributions throughbusiness activities

Corporate socialresponsibility• Adhering to a quality first approach, we ensure monozukuri (manufacturing) that quickly responds tothe diverse, ever-changing needs of customers. (Relationship with Our Customers)• We encourage open procurement and seek co-existence and co-prosperity with our business partners(suppliers) based on mutual trust. (Relationship with Our Business Partners)• We strive for timely and appropriate information disclosure while promoting good communications withshareholders and investors. (Relationship with Our Shareholders and Investors)• We aim to create safe and secure workplaces where each and every associate can exercise theirdiverse potentials and play active roles. (Relationship with Our Associates)• We fulfill our role as a good corporate citizen and actively undertake social contribution activities.
(Relationship with Our Local Communities)

Our ContinuousCommitment

Society (company’s raison d’etre)

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Toyota Industries Report 20173