Top Message

Value Creation

Promotion of ESG
Initiatives

Initiatives for Growth

Corporate andFinancial Information
Major Bases

Major Bases (Production, Regional Headquarters, etc.)

Link to thelist of bases(As of June 30, 2023)

EuropeJapan
26 Vanderlande

22 Toyota MaterialHandling Europe AB

President & CEO Ernesto Domínguez

Mjölby, Sweden
Business activities: European headquarters
for materials handling equipment production
and sales
Establishment: 1946
23 Toyota Material Handling

Manufacturing Sweden AB

Managing Director Kristian Björkman
Mjölby, Sweden
Business activities: Production ofmaterials handling equipment
Establishment: 1946
24 Toyota Material Handling

Manufacturing Italy S.p.A.

Fabio Giuliani
Bologna, Italy
Business activities: Production ofmaterials handling equipment
Establishment: 1942

Managing Director

Industries Holding B.V.

President & CEO Remo Brunschwiler
Veghel, The Netherlands
Business activities: Provision of logistics
solutions
Establishment: 1949

Klimakompressor GmbH

Bernsdorf, Germany
Business activities: Production of compressors
Establishment: 1998
28 Uster Ishihama Plant
Higashiura-cho, Chita-gun, Aichi
Main products: On-board batteries
Start of operations: 2022

Obu-shi, Aichi
Main products: Vehicles
Start of operations: 1967

CEO Davide Maccabruni

Uster, Switzerland
Business activities: Production, sales andafter-sales services of quality measurement
instruments for fiber, yarn and fabric
Establishment: 1875

Ancenis, France
Business activities: Production ofmaterials handling equipment
Establishment: 1995

 Obu Plant
Obu-shi, Aichi
Main products: Compressor parts
Start of operations: 1944

 Hekinan Plant
Hekinan-shi, Aichi
Main products: Engines for automobiles
and for use in industrial fields,
turbochargers
Start of operations: 1982

4 Nagakusa Plant
Technologies AG

Managing Director Philippe Mahé

9 Anjo Plant
Anjo-shi, Aichi
Main products: Electronic equipment,
products for fuel cell vehicles
Start of operations: 2007

3 Kyowa Plant
Obu-shi, Aichi
Main products: Automotive press dies,
production facilities, on-board batteries
Start of operations: 1953

President Yoichi Terao

Manufacturing France SAS

5 Takahama Plant

Takahama-shi, Aichi
Main products: Materials handlingequipment, materials handling systems
Start of operations: 1970

2

27 TD Deutsche

25 Toyota Material Handling

1 Kariya Plant
Kariya-shi, Aichi
Main products: Textile machinery,compressors
Start of operations: 1927

6

10

7 Higashichita Plant

Handa-shi, Aichi
Main products: Foundry parts,
diesel engines
Start of operations: 2000

12 Toyota Material HandlingNorth America, Inc.

8 Higashiura Plant


President & CEO Brett Wood

Columbus, Indiana, U.S.A.
Business activities: U.S. headquarters formaterials handling equipment production
and sales
Establishment: 2010

Higashiura-cho, Chita-gun, Aichi
Main products: Compressor parts
Start of operations: 2002

13 Toyota Materialholding GmbH

Handling , Inc.

3

4 
2

8
10 
1

7
5
9

6


CEO Philipp Hahn-Woernle

Stuttgart, Germany
Business activities: Integration of logistics systems
Establishment: 1889
22 
23


President & CEO Bill Finerty
Columbus, Indiana, U.S.A.
Business activities: Production and salesof materials handling equipment
Establishment: 2020

26
27

29 

28
 
24

25

18 
16 
15 

12 
13

19 
20

17

14

34 
37

32 
33


11


14 The Raymond Corporation


President & CEO Mike Field

Greene, New York, U.S.A.
Business activities: Production, sales andafter-sales services of materials handlingequipment
Establishment: 1922

36



30 31

Asia

35


India Private Limited

Compressor Co., Ltd.

President Yasushi Watanabe

Bengaluru, India
Business activities: Production of diesel
enginesEstablishment: 2015

Kunshan, Jiangsu, China
Business activities: Production of materials
handling equipment and automotive parts, etc.
Establishment: 1994

Yantai, Shandong, China
Business activities: Production ofcompressors
Establishment: 2012Managing Director Hisahiro Koketsu
Bengaluru, India
Business activities: Production, sales andafter-sales services of textile machinery
Establishment: 1995
Toyota Industries Report 2023

Co., Ltd.

34 Yantai Shougang TD AutomotivePresident Akihiro Oiwa

Machinery Pvt. Ltd.

76

32 Toyota Industry (Kunshan)

33 TD Automotive Compressor


Kunshan Co., Ltd.

President Akira Fujii
Kunshan, Jiangsu, China
Business activities: Production ofcompressors
Establishment: 2005

17 Toyota IndustriesCommercial Finance, Inc.

36 Tailift Material HandlingManaging Director Yasuo Shiino

31 Kirloskar Toyota TextileAgeo-shi, Saitama
Business activities: Production, sales
and after-sales services of aerial work
platforms
Establishment: 1962

The Americas

29 viastore intralogistics


30 Toyota Industries Engine

11 Aichi Corporation


President Toshiya Yamagishi

35 P.T. TD AutomotiveCompressor Indonesia

President Satoshi Kasuya
Bekasi, Indonesia
Business activities: Production ofcompressors
Establishment: 2011

Taiwan Co., Ltd.

President Amy Lin

Taichung, Taiwan
Business activities: Production, sales andafter-sales services of materials handlingequipment
Establishment: 201437 Global Power Co. Ltd.
(Tailift)

President Amy Lin

Qingdao, Shandong, China
Business activities: Production, sales andafter-sales services of materials handlingequipment
Establishment: 2000

21
President ＆ CEO Mark Taggart
Dallas, Texas, U.S.A.
Business activities: Sales financing formaterials handling equipment
Establishment: 201418 Michigan AutomotiveCompressor, Inc.

President Hisashi Kusaba
Parma, Michigan, U.S.A.
Business activities: Production ofcompressors
Establishment: 1989

15 Toyota Advanced Logistics
North America, Inc.

President & CEO Hitoshi Matsuoka

Indianapolis, Indiana, U.S.A.
Business activities: U.S. headquarters forlogistics solutions
Establishment: 201716 Bastian Solutions, LLC
President & CEO Aaron Jones

Indianapolis, Indiana, U.S.A.
Business activities: Integration oflogistic systems
Establishment: 1952
19 TD AutomotiveCompressor Georgia, LLC

President Haruyuki Ito

Pendergrass, Georgia, U.S.A.
Business activities: Production ofcompressors
Establishment: 2004
20 Toyota IndustriesCompressor Parts
America, Co.

President Haruyuki Ito
Pendergrass, Georgia, U.S.A.
Business activities: Production ofcompressor parts and electronics products
Establishment: 2012

21 Toyota Material Handling

Mercosur Indústria e Comércio
de Equipamentos Ltda

President Hiroshi Kuriyama
São Paulo, Brazil
Business activities: Production, sales
and after-sales services of materials
handling equipment
Establishment: 2004

77

Top Message

Value Creation

Promotion of ESG
Initiatives

Initiatives for Growth

Corporate andFinancial Information
Consolidated Financial and
Non-Financial Highlights

Consolidated Financial and Non-Financial Highlights
Net Sales¥

Operating Profit/Operating Profit Ratio

169.9 billion / 5.0%

3,379.8 billion¥(¥ Billion)(¥ Billion)

3,500

200

3,379.8

3,000
2,705.1

2,000

5.0

159.0

150

2,500

5.9

5.6

169.9

Profit before Income Taxes

Frequency Rate of Lost Workday Injuries(Non-Consolidated)

Participants of Subcontracting
Law-Related Seminars

CO2 Emissions (Consolidated)

262.9 billion

0.06

895 persons

730,788 t-CO¥(¥ Billion)

(%)
6
5
4

250

246.1

148
600

150

0.10

0.09

652
400

100
0.05

0
(FY)

2021

2022

0
(FY)

2023

2021

2022

Operating Profit

192.8 billion¥(¥ Billion)(¥ Billion)

200

150

100

134.8
120

150

144.4

400,000

2021

2022

0
(FY)

2023

2021

2022

(FY)

2023

2023

Ratio of Associates with Disabilities(Non-Consolidated)

Resource Input Volume (Consolidated)

99.9 billion

1.7 %

2.57 %

795,204 t

94.1

99.9

(%)

(%)

2.0

3.0
1.6

1.7

1.7

(t)

2.5

2.40

2.48

1.5

730,270

726,439

725,437

721,224600,000

60

100

795,204

800,000
2.57

2.0
1.0
60

2022

Ratio of Female Employees in Managerial
Positions (Non-Consolidated)

80

90

2021

Affiliated companies

Depreciation

91.0

113.3

136.7

(FY)

¥

(¥ Billion)
192.8

2023

Toyota Industries

144.4 billion

¥

2022

600,000

200,000

Operating Profit Ratio (right)

Investments in Tangible Assets

Profit

180.3

2021

730,788

802

114

0

0
(FY)

2023

641

200

50

0

93

757,114704,010

527

0.06

50

500

800

800

0.15

1,500
1,000

800,000
895

262.9

184.0

118.1

(t-CO2)

1,000

0.15

100

2

(Persons)
0.20

300

200

2,118.3(FY2023)

1.5

790,036

400,000

40
1.0

50
30

20

0

0

0.5

200,000
0.5
4,833

0
(FY)

2021

2022

2023

(FY)

2021

2022

0
(FY)

2023

2021

2022

2023

0
(FY)

2021

2022

2023

Note: The figures for profit attributable to owners of
the parent are presented.

Cash Dividends Per Share/
Dividend Payout Ratio

111.8 billion

190 / 30.6%(¥ Billion)

(¥)

120

200

29.3

30.2

30.6
190

94.4

150

88.9

Total Assets/Share of Equity Attributableto Owners of the Parent/Ratio of Share of
Equity Attributable to Owners of the Parent

¥

¥

100

(%)
35
30
25

170

80

7,821.1 billion / ¥3,837.4 billion / 49.1%¥(¥ Billion)

(%)

8,000

7,627.1

49.1

3,928.5
50

2,000

0
2022

Note: As of June 1 of each fiscal year

2023

2021

2022

3,236.0

3,837.4

0
(FY)

2021

Cash Dividends Per Share

2022

2023
Dividend Payout Ratio (right)

2021

2022

2023

Total Assets
Share of Equity Attributable to Owners of the Parent

Non-metal

28,500 persons

4,603 km

(Persons)(Persons)

3,000

30,0002,576

20,0001,500

15,000
1,139

1,000

28,50018,224

4,748

4,603

3,000

2,000

1,000

0
2022

4,447
4,000

21,326

5,000

2021

5,000

10,000

0
(FY)

3

(km3)

25,000

2,000

0
(FY)

2023
Metal

2,576 persons

500

2021

(FY)

2023

Water Consumption (Consolidated)

45

20

(FY)

2022

Number of Participants of Social
Contribution Activities (Consolidated)

55

4,000

40

0

2021

50

51.5

5,168

Participants of Age-Based Health Education(Non-Consolidated)

2,500

6,503.9100

7,821.1

49.8
6,000

150

60

(FY)

Note: As of June 1 of each fiscal year

Research and Development Expenses

111.8

5,215

0

2023

0
(FY)

2021

2022

2023

(FY)

2021

2022

2023

Note: Temporarily suspended from March 2020 to June
2021 for preventing the spread of COVID-19

Ratio of Share of Equity Attributable to Owners of the Parent (right)

78

Toyota Industries Report 2023

79

Top Message

Consolidated Eleven-Year Summary

Value Creation

Initiatives for Growth

Promotion of ESG
Initiatives

Corporate andFinancial Information
Consolidated Eleven-Year
Summary

Link to“Investors”
webpageToyota Industries Corporation
Years ended March 31

Millions of yen

International Financial Reporting
2022

2023

Standards (IFRS)
2021

Generally Accepted Accounting Principles in Japan (JGAAP)
2020

2019

2018

2017

2016

2015

2014

2013

For the YearNet sales

3,379,891

2,705,183

2,118,302

2,171,355

2,214,946

2,003,973

1,675,148

2,243,220

2,166,661

2,007,856

1,615,244

169,904

159,066

118,159

128,233

134,684

147,445

127,345

134,712

117,574

107,691

77,098

Profit before income taxes*

262,967

246,123

184,011

196,288202,225

209,827

181,986

185,398

170,827

138,133

86,836

Profit*192,861

180,306

136,700

145,881

152,748

168,180

131,398

183,036

115,263

91,705

53,119Investments in tangible assets*3

144,403

134,867

113,361

106,058

113,748

115,458

77,39375,438126,395

109,479

89,459Depreciation*

99,901

94,19091,09790,48885,63977,73873,25377,36670,78264,153

57,954

Research and development expenses

111,877

94,48488,90090,56088,807

77,647

69,52465,44047,78546,32639,057

Basic

621.17580.73440.28469.85491.97541.67420.78582.58367.06292.76170.36

Diluted

—

—

—

—

—

—

—

582.57366.99292.57170.35

12,359.66

12,653.04

10,422.64

7,854.87

7,986.59

8,223.82

7,125.37

6,481.97

7,500.16

5,640.08

4,719.66

190.00170.00150.00160.00155.00150.00125.00120.00110.00

85.00

55.00

Total assets

7,821,185

7,627,120

6,503,986

5,279,653

5,261,174

5,258,500

4,558,212

4,199,196

4,650,896

3,799,010

3,243,779

Share of equity attributable to owners of the parent

Operating profit
1

2

3

Per share of common stock (yen):
Earnings per share*2, *4

Share of equity attributable to owners of the parent
Cash dividends per share
At year-end

3,837,416

3,928,513

3,236,038

2,438,807

2,479,718

2,553,391

2,240,293

2,113,948

2,425,929

1,829,326

1,524,933

Capital stock

80,46280,46280,46280,46280,46280,46280,46280,46280,46280,46280,462

Number of shares outstanding (excluding treasury stock) (thousands)

310,479

310,479

310,481

310,483

310,485

310,487

310,489314,226

314,155

313,730

312,207

Cash flows
Net cash provided by operating activities

194,964

321,085

382,386

313,199

270,306

268,567

239,094

240,169

182,191

155,059

151,299

Net cash used in investing activities(427,642)(229,805)(404,164)(182,598)(395,000)(340,324)(86,925)(531,561)(160,769)(118,483)(274,210)

Net cash provided by (used in) financing activities

183,690(92,114)(105,477)( 7,094)

40,467

153,303789

130,923(8,918)

6,183

7,050

Cash and cash equivalents at end of year

202,731

247,085

238,248

358,144

239,140

323,830

243,685

92,399248,706

226,406

179,359

5.0

5.9

5.6

5.9

6.1

7.4

7.6

6.0

5.4

5.4

4.8

435,417

390,525

326,851

336,415

323,998

313,055

276,193369,857

248,854

216,175

155,234

5.0

5.0

4.8

5.9

6.1

7.0

6.1

8.3

5.6

5.7

4.1

Indices
Operating profit ratio (%)
EBITDA (millions of yen)*5
Return on equity (ROE) (%)*

6

Return on assets (ROA) (%)*

2.5

2.6

2.3

2.8

2.9

3.4

3.0

4.1

2.7

2.6

1.8

D/E ratio (%)*

44.3

35.4

41.6

54.9

52.3

45.7

43.6

43.7

32.0

39.9

45.4

Ratio of share of equity attributable to owners of the parent*9

49.1

51.5

49.8

46.2

47.1

48.6

49.1

48.5

50.7

46.6

45.4

74,88771,784

66,947

66,47864,641

61,152

52,62351,45852,52349,33347,4127

8

Number of employees (persons)*1: The figures prior to fiscal 2017 are ordinary income under JGAAP.
*2: Profit attributable to owners of the parent*3: Investments in tangible assets and depreciation apply to property, plant and equipment. They do not include materials handling equipment leased under operating leases.
*4: Earnings per share is computed on the average number of shares for each year.
*5: Profit before income taxes + Interest expenses – Interest and dividends income + Depreciation and amortization (including assets other than property, plant and equipment)*6: Profit attributable to owners of the parent / Average share of equity attributable to owners of the parent at the beginning and the end of the fiscal year
*7: Profit attributable to owners of the parent / Average total assets at the beginning and the end of the fiscal year
*8: Interest-bearing debt / (Share of equity attributable to owners of the parent – Subscription rights to shares)*9: (Share of equity attributable to owners of the parent – Subscription rights to shares) / Total assets
Notes: 1. Toyota Industries has adopted IFRS beginning from the end of fiscal 2017.
		
2. Operating profit in fiscal 2018 includes a one-time effect of ¥14.3 billion arising from changes in retirement benefit plans.

80

Toyota Industries Report 2023

81

Top Message

Value Creation

Promotion of ESG
Initiatives

Initiatives for Growth

Corporate andFinancial Information
Financial Statements

Consolidated Statement of Financial Position

Consolidated Statement of Profit or Loss
Millions of yen

Millions of yen
FY2022

FY2023

AssetsCurrent assets
Cash and cash equivalents

247,085

202,731

Time deposits with deposit terms of over three months

328,674

420,173

1,121,491

1,398,757

Trade receivables and other receivables

FY2022

FY2023

Net sales

2,705,183

3,379,891

Cost of sales(2,097,501)(2,623,707)

607,682

756,183(455,165)(576,761)

20,942

28,230Gross profit
Selling, general and administrative expenses
Other income

Other financial assets

12,672

5,399

Inventories

433,961524,385

Other expenses(14,391)(37,748)

Income tax receivables

28,906

26,262

Operating profit

159,066

169,904

Financial income

89,941

103,728

Financial expenses(7,282)(13,976)

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

4,397

3,311

246,123

262,967

Other current assets
Total current assets

83,034

99,3132,255,827

2,677,024

Non-current assets
Property, plant and equipment

1,134,074

1,237,540

Goodwill and intangible assets

395,882

468,368

Trade receivables and other receivables

2,334

1,459

Investments accounted for by the equity method

21,33723,987

3,734,9783,338,505

Net defined benefit assets

37,40827,887

Deferred tax assets

39,90837,992Other financial assets

Other non-current assets
Total non-current assets
Total assets

5,368

8,421

5,371,292

5,144,161

7,627,120

7,821,185

Profit before income taxes(60,773)(64,250)

185,350

198,716

Owners of the parent

180,306

192,861

Non-controlling interest

5,043

5,855

Income taxes
ProfitProfit attributable to:Earnings per share

Liabilities and Equity

Earnings per share—basic (yen)580.73621.17

Liabilities

Earnings per share—diluted (yen)580.73621.17

Current liabilities
Trade payables and other payables

745,553

807,474

Corporate bonds and loans

468,504

519,749

Other financial liabilities

82,90983,749Accrued income taxes

27,281

29,696

Provisions

15,41541,827

Other current liabilities

33,05834,615

1,372,721

1,517,112

Total current liabilities

Consolidated Statement of Comprehensive Income
Millions of yen

Non-current liabilities

FY2023

185,350

198,716

Corporate bonds and loans

922,011

1,179,390

Other financial liabilities

95,237

104,404

Net defined benefit liabilities

91,67781,422

Provisions

11,80911,025

1,078,641

952,960

Net changes in revaluation of FVTOCI financial assets

465,900(284,805)

33,054

39,467

Remeasurements of defined benefit plans

13,943576

2,232,430

2,368,671

3,605,152

3,885,784

Deferred tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities
EquityCapital stock

80,462

1(284,227)

56,074

1,126

2,931

1,514,657

1,652,648(59,339)(59,345)

2,290,343

2,062,404

3,928,513

3,837,416

93,454

97,985

Total equity

4,021,967

3,935,401

Total liabilities and equity

7,627,120

7,821,185

Toyota Industries Report 2023

19479,863

84,380Retained earnings

Non-controlling interests

Other comprehensive income of affiliates accounted for by the equity method
Total items not to be reclassified into profit or loss

Cash flow hedges

101,245

Other components of shareholders’ equity

Items not to be reclassified into profit or loss

Translation adjustments of foreign operations

102,388

Total share of equity attributable to owners of the parent

Other comprehensive income:80,462

Capital surplus
Treasury stock

ProfitItems that can be reclassified into profit or loss

Share of equity attributable to owners of the parent

82

FY2022

1,102

156

86,61059,162566,473(225,065)

751,823(26,348)

Owners of the parent

742,088(34,061)

Non-controlling interests

9,735

7,713

Other comprehensive income of affiliates accounted for by the equity method
Total items that can be reclassified into profit or loss
Total other comprehensive income
Comprehensive income
Total comprehensive income attributable to:83Top Message

Value Creation

Initiatives for Growth

Promotion of ESG
Initiatives

Corporate andFinancial Information
Financial Statements

Consolidated Statement of Changes in Equity

Consolidated Statement of Cash Flows
Millions of yen

Millions of yen

Share of equity attributable to owners of the parent
Other components of equity
Capital stock

Balance as of April 1, 2021

Capital surplus

Retained earnings

Treasury stock

FY2023

Profit before income taxes

246,123

262,967

Depreciation and amortization

223,737

257,762

2,368

2,634

Cash flows from operating activities:

Net changes inrevaluation of
FVTOCI financial
assetsRemeasurementsof defined benefit
plans

80,462

102,307

1,369,775(59,321)

1,779,685—

Profit——180,306———

Impairment losses(84,203)(95,424)

Interest expenses

4,868

10,111

Share of (profit) loss of investments accounted for by the equity method(4,397)(3,311)

Interest and dividends income

Other comprehensive income

—

—

—

—

466,017

13,896

Total comprehensive income——

180,306—

466,017

13,896

Repurchase of treasury stock

—

—

—

(18)

—

—

Disposal of treasury stock

—

0

—

0

—

—

Dividends——(49,676)———(Increase) decrease in inventories(110,613)(70,207)

Changes in ownership interest of subsidiaries

—

81

—

—

—

—

(Increase) decrease in trade receivables and other receivables(81,246)(225,489)

Changes in non-controlling interests as a result ofchange in scope of consolidation

—

—

—

—

—

—

Increase (decrease) in trade payables and other payables

93,537

29,619Reclassified into retained earnings——

14,252—(355)(13,896)

Other increases (decreases)

—

—

—

—

—

—

Others12,496

7,241

Subtotal

302,671

175,904
95,920Total transactions with owners—

81(35,424)

(18)

(355)

(13,896)

Balance as of March 31, 2022

80,462

102,388

1,514,657(59,339)

2,245,347—

Interest and dividends income received

84,921

Profit——192,861———Interest expenses paid

(4,999)(9,919)Other comprehensive income

—

—

—

—

(284,915)

685

Total comprehensive income——

192,861—(284,915)

685

Income taxes paid

(61,507)(66,940)

Repurchase of treasury stock

—

—

—

(5)

—

—

Net cash provided by operating activities

321,085

194,964

Disposal of treasury stock

—

0

—

0

—

—

Cash flows from investing activities:

Dividends——(55,886)———

Changes in ownership interest of subsidiaries

—

58

—

—

—

—

(237,371)(289,974)

Changes in non-controlling interests as a result ofchange in scope of consolidation

—

—

—

—

—

—

Proceeds from sales of property, plant and equipment

16,415

19,660Reclassified into retained earnings—

Payments for purchases of investment securities(1,406)(1,624)

651

541

—

1,015

—

(330)

(685)

Other increases (decreases)—(1,201)

—

—

—

—

Total transactions with owners—(1,143)(54,870)

(5)

(330)

(685)

Balance as of March 31, 2023

80,462

101,245

1,652,648(59,345)

1,960,101—

Share of equity attributable to owners of the parent
Other components of equity
Translation
adjustments ofCash flow hedges
foreign operations
Balance as of April 1, 2021
ProfitOther comprehensive income
Total comprehensive income
Repurchase of treasury stock
Disposal of treasury stock
Dividends
Changes in ownership interest of subsidiaries
Changes in non-controlling interests as a result ofchange in scope of consolidation
Reclassified into retained earnings
Other increases (decreases)
Total transactions with owners
Balance as of March 31, 2022
ProfitOther comprehensive income
Total comprehensive income
Repurchase of treasury stock
Disposal of treasury stock
Dividends
Changes in ownership interest of subsidiaries
Changes in non-controlling interests as a result ofchange in scope of consolidation
Reclassified into retained earnings
Other increases (decreases)
Total transactions with owners
Balance as of March 31, 2023

84

FY2022

Toyota Industries Report 2023

Non-controllinginterests

Total

Total

Total equity

Payments for purchases of property, plant and equipment

Proceeds from sales of investment securities
Payments for acquisition of subsidiaries’ stock resulting in change in scope of consolidation(14,905)(36,486)

Payments into time deposits(935,461)(919,474)

Proceeds from withdrawals of time deposits

961,239

831,815(529)(2,104)(18,438)(29,995)(229,805)(427,642)

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

26,62259,426

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

136,079

82,054

Repayments of short-term loans payable (over three months)(112,363)(158,332)

40,590112,121

Payments for transfer of businesses
Others(39,082)—
80,74080,740
—
—
—
—

2,211
—
1,126
1,126
—
—
—
—

1,742,814—
561,781561,781————

3,236,038
180,306
561,781742,088(18)
0(49,676)
81

86,511
5,043
4,692
9,735
—
—
(2,260)(1,066)

3,322,550
185,350
566,473
751,823(18)
0(51,937)
(984)

—

—

—

—

534

534

Net cash used in investing activities
Cash flows from financing activities:

Net increase (decrease) in commercial paper
Proceeds from long-term loans payable

233,551

354,876

Repayments of long-term loans payable(180,482)(130,782)

13,205

103,314

Repayments of corporate bonds(184,066)(165,036)

Repayments of lease obligations(16,453)(40,910)

(18)

(5)

Cash dividends paid

(49,676)(55,886)

Cash dividends paid to non-controlling interests(2,260)(2,674)

Others3,156

25,524(92,114)

183,690———
41,657—54,37454,374
—
—
—
—

—
—
—
3,338
—
2,931
2,931
—
—
—
—

(14,252)—(14,252)
2,290,343—(226,922)(226,922)
—
—
—
—

—
—
(49,613)
3,928,513
192,861(226,922)(34,061)(5)
0(55,886)
58——(2,792)93,454
5,855
1,857
7,713
—
—
(2,674)(508)——(52,405)
4,021,967
198,716(225,065)(26,348)(5)
0(58,560)
(449)

—

—

—

—

—

—

Translation adjustments of cash and cash equivalents

9,671

4,632

—
—
—
96,032

—
—
—
6,269

(1,015)—(1,015)2,062,404—(1,201)(57,035)
3,837,416——(3,182)
97,985—(1,201)(60,217)
3,935,401

Net increase (decrease) in cash and cash equivalents

8,837(44,353)

Cash and cash equivalents at beginning of period

238,248

247,085

Cash and cash equivalents at end of period

247,085

202,731

Proceeds from issuance of corporate bonds

Payments for repurchase of treasury stock

Net cash provided by (used in) financing activities

85Top Message

Value Creation

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Corporate andFinancial Information
Company andInvestor Information

Company and Investor Information(As of March 31, 2023)

Company Overview

Major Evaluations by Third Parties
Stock Exchange Listings

Corporate Head Office
TOYOTA INDUSTRIES CORPORATION
2-1, Toyoda-cho, Kariya-shi, Aichi, 448-8671, Japan
Telephone: +81-(0)566-22-2511
Facsimile: +81-(0)566-27-5650

Number of Shareholders*1: An international NGO running a project that requests
companies to disclose their strategies against climatechange and greenhouse gas emissions data

18,934*2: An international organization that evaluates thesustainability of companies

Independent Accountant

Date of Establishment

PricewaterhouseCoopers Aarata LLC
Otemachi Park Building 1-1-1 Otemachi, Chiyoda-ku, Tokyo,
100-0004, Japan

November 18, 1926

Common Stock
No par value
Authorized: 1,100,000,000 shares
Issued:325,840,640 shares

Transfer Agent
Special Account Management Institution(including treasury stock)

Share unit:

In February 2023, we received a Silver Medalfrom EcoVadis*2 in its corporate sustainability
survey.
(Seven consecutive years since fiscal 2017)

In December 2022, we were selected for the
A List, the highest rating, in surveys conductedby CDP*1 on climate change.

Tokyo and Nagoya (Ticker Code: 6201)

In November 2022, we were certified underthe Aichi Biodiversity Company Certification
Program established by the Aichi prefectural
government in 2022 for our efforts to conserve
biodiversity in a regional and sustainable
manner.

In August 2019, we received “Platinum Kurumin”
certification from the Ministry of Health, Labourand Welfare in recognition of our excellent efforts
concerning work-life balance

In February 2020, we received a “Family-Friendly
Company” award from the Aichi prefectural
government as an exemplary company providing
excellent initiatives to support work-life balance.

In November 2019, we received an “Excellent
Company” award from the Aichi prefectural
government under its “Female-Friendly
Company” certification program as an
exemplary company proactively promoting
the empowerment of women.

Mitsubishi UFJ Trust and Banking Corporation
1-4-5, Marunouchi, Chiyoda-ku, Tokyo, 100-8212, Japan

100 shares

Capital Stock80,462 million yen

Major Shareholders
Number of Shares Held(Thousands)

Percentage of Total Shares in Issue(Except for Treasury Stock) (%)

Toyota Motor Corporation

76,60024.67

DENSO Corporation

29,647

9.55

The Master Trust Bank of Japan, Ltd. (Trust Account)

24,706

7.96

TOYOTA FUDOSAN CO., LTD.

16,291

5.25

Toyota Tsusho Corporation

15,294

4.93

Custody Bank of Japan, Ltd. (Trust Account)

10,178

3.28

Nippon Life Insurance Company

6,580

2.12

AISIN Corporation

6,578

2.12

Aioi Nissay Dowa Insurance Co., Ltd.

4,903

1.58

State Street Bank and Trust Company 505001

3,944

1.27

Name

Common Stock Price and Trading Volume
Stock price of Toyota Industries (left)

TOPIX (right)(¥)(Point)12,000

4,000

9,000

3,000

6,000

2,000

3,000

1,000

Note: Toyota Industries Corporation also holds 15,360 thousand shares of treasury stock but is excluded from the above list.

Distribution of Shares

00Treasury stock

4.7%

Japanese brokerages

1.2%

Individuals, etc.

5.8%Japanesefinancial
institutions

18.3%

Trading volume of Toyota Industries stock (left)(Thousand shares)

20,000Japanese
corporate
entities

48.1%

15,00010,0005,000

Foreign corporate entities and others

21.9%

86

Toyota Industries Report 2023

0
Apr. 2018

Apr. 2019

Apr. 2020

Apr. 2021

Apr. 2022

Apr. 2023

87