FINANCIAL SUMMARY

FY2011
(April 1, 2010 through March 31, 2011)

English translation from the original Japanese-language document

Cautionary Statement with Respect to Forward-Looking Statements

This report contains projections and other forward-looking statements that involve risks and uncertainties. Our use of the words expect, anticipate, estimate, forecast, plan and similar expressions is intended to identify such forward-looking statements. Projections and forward-looking statements are based on the current expectations and estimates of Toyota Industries Corporation and its Group companies regarding their plans, outlook, strategies and results for the future. All such projections and forward-looking statements are based on managements assumptions and beliefs derived from the information available to it at the time of producing this report and are not guarantees of future performance. Toyota Industries and its Group companies undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Therefore, it is advised that you should not rely solely upon these projections and forward-looking statements in making your investment decisions. You should also be aware that certain risks and uncertainties could cause the actual results of Toyota Industries Corporation and its Group companies to differ materially from any projections or forward-looking statements discussed in this report. These risks and uncertainties include, but are not limited to, the following: 1) reliance on a small number of customers, 2) product development capabilities, 3) intellectual property rights, 4) product defects, 5) price competition, 6) reliance on suppliers of raw materials and components, 7) environmental regulations, 8) success or failure of strategic alliances with other companies, 9) exchange rate fluctuations, 10) share price fluctuations, 11) effects of disasters, power blackouts and other incidents, 12) latent risks associated with international activities and 13) retirement benefit liabilities.

April 28, 2011

FY2011 Consolidated Financial Results

TOYOTA INDUSTRIES CORPORATION

<under Japanese GAAP>

Stock exchange listings: Tokyo, Osaka and Nagoya (Code number: 6201) (URL: http://www.toyota-industries.com/ ) Representative person: Tetsuro Toyoda, President Contact person: Toshifumi Ogawa, Senior Managing Officer, General Manager of Accounting Department (Tel. +81-(0)566-22-2511) The expected date of the Ordinary General Meeting of Shareholders: June 16, 2011 The expected date of dividend payment: June 17, 2011
(Amounts less than one million yen are omitted)

1. Financial Highlights for FY2011 (April 1,2010 - March 31, 2011) (1) Consolidated Financial Results
(% : change from the previous year)

Net sales
Million yen

Operating income %
Million yen

Ordinary income %
Million yen

Net income %
Million yen

FY2011 FY2010

1,479,839 1,377,769

7.4 (13.0)

68,798 22,002

212.7 -

73,911 31,756

132.7 121.4

47,205 (26,273)

(Notes) Comprehensive Income(loss): FY2011 (13,396) million yen, FY2010 134,737 million yen Net income Net income Ordinary income Operating income Return on equity per sharebasic per sharediluted on assets on sales Yen Yen % % %
FY2011 FY2010

0151.51) 0(84.33)

4.5 (2.6)

2.9 1.3

4.6 1.6

(Notes) Equity in net earnings(losses) of affiliated companies: FY2011 (473) million yen, FY2010 744 million yen

(2) Consolidated Financial Position

Total assets
Million yen

Total net assets

Million yen

Equity ratio %

Net assets per share

Yen

FY2011 FY2010

2,481,452 2,589,246

1,075,939 1,104,929

41.4 40.8

3,300.17 3,390.02

(Note) Shareholders' equity: FY2011 1,028,217 million yen, FY2010 1,056,230 million yen

(3) Consolidated cash flows

Cash flows from operating activities
Million yen

Cash flows from investing activities

Million yen

Cash flows from financing activities

Million yen

Cash and cash equivalents at the end of year

Million yen

FY2011 FY2010

153,661 203,452

(187,574) 0(36,855)

0(85,728) 0(38,230)

195,566 317,590

2. Cash Dividends
Annual cash dividends per share 1st Quarter 2nd Quarter 3rd Quarter
Yen Yen Yen

Year-end
Yen Yen

Total amount Dividend of annual payout ratio cash dividends

Million yen

Total amount of dividends on net assets %

FY2010 FY2011 FY2012 (Forecast)

10.00 25.00 -

20.00 25.00 -

30.00 50.00 -

9,347 15,578

33.0 -

0.9 1.5

(Note) Forecast of cash dividends per share for fiscal 2011 has not been decided yet. 3. Forecasts of Consolidated Financial Results for FY2012 (April 1, 2011 - March 31, 2012) Forecast for FY2012 is yet to be disclosed, as it is difficult to predict due to the effect of the Great East Japan Earthquake. It will be annouced as soon as the decision is made.

4. Others (1) Changes in major subsidiaries (specified subsidiaries that changed company's consolidation) : No (2) Changes in accounting standards, procedures and method of presentation of consolidated financial statements (changes made in significant items that form the basis of preparation of consolidated financial statements) Changes arising from revision of accounting policies : Yes Changes other than : No (3) Issued and outstanding capital stock Number of shares outstanding at the end of each year (including treasury stock): FY2011 325,840,640 shares, FY2010 325,840,640 shares Number of treasury stock outstanding at the end of each year: FY2011 14,275,721 shares, FY2010 14,269,943 shares Average number of shares outstanding for each year: FY2011 311,568,162 shares, FY2010 311,573,341 shares (Reference) Overview of Non-consolidated Financial Results for FY2011 1. Financial Highlights for FY2011 (April 1,2010 - March 31, 2011) (1) Non-consolidated Financial Results
(% : change from the previous year)

Net sales
Million yen

Operating income %
Million yen

Ordinary income %
Million yen

Net income %
Million yen

FY2011 FY2010

971,076 892,893

8.8 0(5.0)

40,546 18,394
Net income per sharediluted
Yen

120.4 -

48,959 26,308

86.1 29.0

30,687 17,362

76.7 -

Net income per sharebasic

Yen

FY2011 FY2010

098.49 055.73

(2) Non-consolidated Financial Position

Total assets
Million yen

Total net assets

Million yen

Equity ratio %

Net assets per share

Yen

FY2011 FY2010

2,041,283 2,161,479

1,013,131 1,051,752

49.5 48.6

3,244.91 3,370.13

(Note) Shareholders' equity: FY2011 1,010,999 million yen, FY2010 1,050,032 million yen * Progress of procedures for financial review of financial results The consolidated financial statements are under procedures of financial review, at the time of disclosure of this report. * Explanation regarding the proper use of performance forecasts and other special items All projections are based on the information available to management at the time of making this report and are not guarantees of future performance. Certain risks and uncertainties could cause the actual results of Toyota Industries to differ materially from any projections discussed in this report. Please see page 2 on attached documents for details on performance forecasts in "Qualitative information regarding consolidated business results".

(Attached Documents)

Contents

1.Qualitative Information and Financial Statements (1) Qualitative information regarding consolidated business results (2) Analysis on Consolidated Financial Condition (3) Cash Dividends for FY2011 2.Management Policy (1) Basic Management Policy (2) Basic Policy on the Distribution of Profits (3) Medium-to Long-Term Management Strategies 3. Consolidated Financial Statements (1) Consolidated Balance Sheets (2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income (3) Consolidated Statement of Changes in Total net assets (4) Consolidated Statements of Cash Flows (5) Note on premise of going concern (6) Basis of Presenting Consolidated Financial Statements (7) Segment Information (8) Earnings per share

2 2 3 3 4 4 4 5 6 6 8 10 12 13 13 14 15

1. Qualitative Information and Financial Statements (1) Qualitative information regarding consolidated business results
In fiscal 2011 (ended March 31, 2011), the global economy began to recover gradually, as certain Asian countries, especially China, witnessed an economic recovery and the economies in the United States, Europe and other countries appear to have bottomed out. Despite the sharp appreciation of the yen and end of the economic stimulus plan, the Japanese economy also showed signs of an upturn due to such factors as the stabilization of private sector capital investment and a steady revival of exports. In this operating environment, Toyota Industries Corporation and its Group companies (Toyota Industries) undertook efforts to strengthen its management platform by ensuring customer trust through its dedication to quality as well as responding quickly and flexibly to the recovery trend and expansion of sales. However, the Great East Japan Earthquake in March had a significant impact on the Japanese economy. Toyota Industries was also forced to suspend production partially, due to the problem of parts supply from suppliers. As a result, despite in the wake of the earthquake, total consolidated net sales amounted to 1,479.8 billion yen, an increase of 102.1 billion yen, or 7%, from fiscal 2010 (ended March 31, 2010). The following is a review of operations for the major business segments. The automobile industry showed a mild recovery due to recovery of the U.S. market and the expansion of the Asian market. However, sales in the Japanese market declined, attributable to the end of the economic stimulus plan. Amid such operating conditions, net sales of the Automobile Segment totaled 804.1 billion yen, an increase of 25.8 billion yen, or 3%, from fiscal 2010. Within this segment, net sales of the Vehicle Business amounted to 375.5 billion yen, a decrease of 23.2 billion yen, or 6%, due mainly to a decline in sales of the RAV4 and Mark X Zio, although sales of the Vitz (Yaris overseas) increased. Net sales of the Engine Business totaled 197.3 billion yen, an increase of 32.3 billion yen, or 20%, attributable primarily to an increase in sales of KD diesel engines and AR gasoline engines. Net sales of the Car Air-Conditioning Compressor Business totaled 191.8 billion yen, an increase of 14.8 billion yen, or 8%, resulting from higher sales overseas, offsetting a sales decline in Japan. In the materials handling equipment industry, the market in emerging countries, Europe, the United States and Japan saw signs of recovery. Toyota Industries aggressively engaged in production and global sales promotion activities for lift trucks, a mainstay product of this segment, in line with market recovery. As a result, net sales of the Materials Handling Equipment Segment totaled 490.6 billion yen, an increase of 59.0 billion yen, or 14%. Net sales of the Logistics Segment amounted to 107.7 billion yen, due to the steady performance of cash collection and delivery services and cargo transport business of automotive-related parts. Net sales of the Textile Machinery Segment totaled 42.7 billion yen, an increase of 21.9 billion yen, or 105%. This was due mainly to an increase in sales of air-jet looms and spinning machinery on the back of the economic recovery in Asia, this segments primary market. In terms of overall profit, despite rising prices of raw materials and exchange rate fluctuations, Toyota Industries recorded an increase in net sales and maintained a reduction of fixed costs. As a result, Toyota Industries posted consolidated operating income of 68.7 billion yen, an increase of 46.7 billion yen, or 213%, from fiscal 2010; ordinary income of 73.9 billion yen, an increase of 42.2 billion yen, or 133%, from fiscal 2010; and net income of 47.2 billion yen compared with a net loss of 26.2 billion yen. An extraordinary loss of 4.6 billion yen was recorded, which arose from the Great East Japan Earthquake.

In fiscal 2012, ending March 31, 2012, although the global economy is projected to gradually recover, uncertainties remain with regards to credit contraction, further deterioration in the employment situation, and fluctuations in raw material prices such as crude oil, as well as concerns about exchange rate fluctuations. The operating environment in Japan is expected to remain severe, as the impacts of the earthquake on the economy could become more serious or prolonged. Forecast for FY2012 is yet to be disclosed, as it is difficult to predict due to the effect of the earthquake. It will be announced as soon as the decision is made.

(2) Analysis on Consolidated Financial Condition

Total assets decreased 107.8 billion yen from the end of the previous fiscal year to 2,481.4 billion yen due mainly to a decrease in market value of investment securities. Liabilities amounted to 1,405.5 billion yen, a decrease of 78.8 billion yen from the end of the previous fiscal year due mainly to decrease of bonds payable. Net assets amounted to 1,075.9 billion yen, a decrease of 29.0 billion yen from the end of the previous fiscal year. Cash flows from operating activities increased by 153.6 billion yen in fiscal 2011, due mainly to posting an income before income taxes of 69.2 billion yen. Net cash provided by operating activities decreased by 49.8 billion yen compared with an increase of 203.4 billion yen in fiscal 2010. Cash flows from investing activities resulted in a decrease in cash of 187.5 billion yen in fiscal 2011, attributable primarily to increase in fixed deposit amounted to 89.3 billion yen. Net cash used in investing activities increased by 150.7 billion yen compared with a decrease of 36.8 billion yen in fiscal 2010. Cash flows from financing activities resulted in a decrease in cash of 85.7 billion yen in fiscal 2011, due mainly to redemption of bonds of 49.1 billion yen. After adding translation adjustments and cash and cash equivalents at beginning of period, cash and cash equivalents as of March 31, 2011 stood at 195.5 billion yen, a decrease of 122.0 billion yen, or 38%, over fiscal 2010.

(3) Cash Dividends for FY2011

Toyota Industries paid an interim cash dividend of 25.0 yen per common share in November 2010. Toyota Industries plans to pay a year-end cash dividend of 25.0 yen per common share, with total cash dividends for fiscal 2011 amounting to 50.0 yen per common share, an increase of 20.0 yen per common share from fiscal 2010.

2. Management Policy
(1) Basic Management Policy The basic management policies of Toyota Industries are upheld as its basic corporate philosophy. We believe putting the following stated beliefs into viable sincere actions by all employees will lead to greater corporate value.
Toyota Industries is determined to comply with the letter and the spirit of the law, in Japan and overseas, and to be fair and transparent in all its dealings. Toyota Industries is respectful of the people, culture and traditions of each country and region in which it operates. It also works to promote economic growth and prosperity in those countries and regions. Toyota Industries believes that economic growth and conservation of the natural environment are compatible. It strives to offer products and services that are clean, safe and have high quality. Toyota Industries conducts intensive product research and forward-looking development activities to create new value for its customers. Toyota Industries nurtures the inventiveness and other abilities of its employees. It seeks to create a climate of cooperation, so that both employees and the Company can realize their full potential.

(2) Basic Policy on the Distribution of Profits Toyota Industries regards the benefits of shareholders as one of its most important management policies. Based on this stance, we will strive to strengthen Toyota Industries corporate constitution, promote proactive business development and raise its corporate value. Toyota Industries dividend policy is to meet the expectations of shareholders for continuous dividends while giving full consideration to business performance, funding requirements, the dividend payout ratio and other factors. Toyota Industries will use retained earnings to improve the competitiveness of its products, augment production capacity in Japan and overseas, as well as to expand into new fields of business and strengthen its corporate constitution in securing future profits for its shareholders.

(3) Medium- to Long-Term Management Strategies Toyota Industries will continue to undertake concerted efforts to strengthen its management platform and raise corporate value. As immediate tasks, we will make a strong effort to recover quickly from the production decrease, owing to the effect of earthquake. We will make flexible production plan for it, and support the suppliers. We will also promote business and cost structure reforms to realize a solid management platform so that we can respond quickly to the changing market circumstances. Specifically, we will maintain a streamlined structure through the reduction of fixed costs and enhance our business in established markets in developed countries. In addition, we will accelerate our business expansion into rapidly growing emerging countries by thoroughly and meticulously monitoring market conditions in respective regions and introducing products suited to the characteristics and needs of each market. Toyota Industries will also strive to establish production/supply structures to realize optimum product pricing and delivery and to enhance the value chain to provide a wide range of customer services in each country and region. Based on quality first, Toyota Industries regards giving considerations to the environment and safety as well as increasing our competitive strengths to be important issues to tackle over the medium to long term. We will promote product development and advanced technology development to offer high value-added products that anticipate customer needs. Specifically, we will pursue business expansion by refining our element technologies for contributing to electrification, lighter weight and energy efficiency and by incorporating these technologies into new products released by our mainstay businesses of automobiles and materials handling equipment. This approach is based on the keywords of the 3Es, which Toyota Industries defines as energy, environmental protection and ecological thinking incorporated into our products and operating activities. To support such consolidated management on a global scale, Toyota Industries will strive to nurture people who take the initiative to learn, think and act and who will enhance the power of the workplace. In addition to placing top priority on safety, we will thoroughly enforce compliance, including observance of laws and regulations, and actively participate in social contribution activities. Through these and further measures, Toyota Industries aims to meet the trust of society, raise corporate value and grow in harmony with society.

3. Consolidated Financial Statements

(1) Consolidated Balance Sheets (Million yen)
FY2010 (As of March 31, 2010) FY2011 (As of March 31, 2011)

Assets Current assets: Cash and deposits Trade notes and accounts receivable Lease investment assets Short-term investments Merchandise and finished goods Work in process Raw materials and supplies Deferred tax assets Other current assets Allowance for doubtful accounts Total current assets Fixed assets: Property, plant and equipment Buildings and structures Accumulated depreciation Buildings and structures, net Machinery, equipment and vehicles Accumulated depreciation Machinery, equipment and vehicles, net Tools, furniture and fixtures Accumulated depreciation Tools, furniture and fixtures, net Land Construction in progress Total property, plant and equipment Intangible assets: Goodwill Software Total intangible assets Investments and other assets: Investment securities Long-term loans receivable Deferred tax assets Lease investment assets Other investments and other assets Allowance for doubtful accounts Total investments and other assets Total fixed assets Total assets 287,965 163,708 71,391 37,358 25,672 25,318 17,182 47,307 (3,103) 672,801 198,654 152,121 35,146 132,430 42,940 31,256 30,065 18,493 32,646 (2,863) 670,893

366,977 (196,985) 169,991 781,683 (569,604) 212,079 108,056 (86,215) 21,840 119,517 8,547 531,977 72,745 9,976 82,722 1,162,685 5,554 10,429 123,278 (202) 1,301,744 1,916,444 2,589,246

367,931 (208,325) 159,606 777,207 (591,219) 185,988 111,907 (88,272) 23,634 119,697 8,350 497,278 68,573 10,767 79,340 1,123,306 9,786 71,480 29,539 (173) 1,233,940 1,810,559 2,481,452

(Million yen)
FY2010 (As of March 31, 2010) FY2011 (As of March 31, 2011)

Liabilities Current liabilities:

Trade notes and accounts payable Short-term loans payable Commercial papers Current portion of bonds Lease obligations Accounts payable-other Income taxes payable Deferred tax liabilities Provision for directors' bonuses Other current liabilities Total current liabilities Long-term liabilities: Bonds payable Long-term loans payable Lease obligations Deferred tax liabilities Provision for retirement benefits Other long-term liabilities Total long-term liabilities Total liabilities Net assets Shareholders' equity: Capital stock Capital surplus Retained earnings Treasury stock Total shareholders' equity Accumulated other comprehensive income Valuation difference on available-for-sale securities Deferred gains or losses on hedges Foreign currency translation adjustment Total accumulated other comprehensive income Subscription rights to shares Minority interests Total net assets Total liabilities and net assets 544,068 (9) (2,430) 541,628 1,720 46,978 1,104,929 2,589,246 488,277 46 (8,075) 480,248 2,132 45,589 1,075,939 2,481,452 80,462 106,179 378,648 (50,689) 514,601 80,462 106,179 412,029 (50,703) 547,968 231,401 299,208 108,014 351,009 45,234 14,507 1,049,375 1,484,316 205,649 236,602 82,813 309,256 46,924 12,321 893,568 1,405,512 141,787 46,241 9,575 50,446 13,149 15,014 316 310 158,100 434,941 144,956 99,946 11,133 30,829 37,873 14,349 18,320 737 521 153,275 511,944

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income Consolidated Statements of Income (Million yen)
FY2010 (April 1,2009 March 31, 2010) FY2011 (April 1,2010 March 31, 2011)

Net sales Cost of sales Gross profit Selling, general and administrative expenses: Sales commissions Salaries and allowances Retirement benefit expenses Depreciation Research and development expenses Other Total selling, general and administrative expenses Operating income Non-operating income: Interest income Dividends income Gain on sales of marketable securities Equity in net earnings of affiliated companies Other non-operating income Total non-operating income Non-operating expenses: Interest expenses Loss on disposal of fixed assets Equity in net losses of affiliated companies Other non-operating expenses Total non-operating expenses Ordinary income Extraordinary losses: Losses on the Great East Japan Earthquake Losses on business restructuring of the Materials Handling Equipment Total extraordinary losses Income (loss) before income taxes and minority interests Income taxes-current Income taxes-deferred Total income taxes Income before minority interests Minority interests in income Net income (loss)

1,377,769 1,194,399 183,370 6,814 64,716 1,953 8,151 19,482 60,248 161,367 22,002 10,804 15,297 135 744 7,413 34,395 17,847 1,257 5,535 24,641 31,756 43,099 43,099 (11,343) 13,320 (438) 12,882 2,048 (26,273)

1,479,839 1,250,313 229,526 8,913 62,969 2,020 6,332 21,727 58,765 160,727 68,798 9,172 14,975 488 7,407 32,044 15,773 1,281 473 9,402 26,930 73,911 4,631 4,631 69,279 25,456 (5,234) 20,221 49,058 1,852 47,205

Consolidated Statements of Comprehensive Income (Million yen)

FY2010 (April 1,2009 March 31, 2010) FY2011 (April 1,2010 March 31, 2011)

Income before minority interests Other comprehensive income: Valuation difference on available-for-sale securities Deferred gains or losses on hedges Foreign currency translation adjustment Share of other comprehensive income of associates accounted for using equity method Total other comprehensive income Comprehensive Income: Comprehensive income attributable to owners of the parent Comprehensive income attributable to minority interests

49,058 (55,834) 55 (6,375) (300) (62,455) (13,396) (14,174) 777

(3)Consolidated Statement of Changes in Total net assets

FY2010 (April 1, 2009 March 31, 2010) (Million yen) FY2011 (April 1, 2010 March 31, 2011)

Shareholders' equity Capital stock Balance at the end of previous period Balance at the end of current period Capital surplus Balance at the end of previous period Changes of items during the period Disposal of treasury stock Total changes of items during the period Balance at the end of current period Retained earnings Balance at the end of previous period Changes of items during the period Dividends from surplus Increase (decrease) due to increase in consolidated subsidiaries Increase (decrease) due to decrease in consolidated subsidiaries Net income (loss) Total changes of items during the period Balance at the end of current period Treasury stock Balance at the end of previous period Changes of items during the period Repurchase of treasury stock Disposal of treasury stock Total changes of items during the period Balance at the end of current period Total shareholders' equity Balance at the end of previous period Changes of items during the period Dividends from surplus Increase (decrease) due to increase in consolidated subsidiaries Increase (decrease) due to decrease in consolidated subsidiaries Net income (loss) Repurchase of treasury stock Disposal of treasury stock Total changes of items during the period Balance at the end of current period Accumulated other comprehensive income Valuation difference on available-for-sale securities Balance at the end of previous period Changes of items during the period Net changes of items other than shareholders' equity Total changes of items during the period Balance at the end of current period

80,462 80,462 106,180 (0) (0) 106,179 412,294 (6,231) (1,138) (1) (26,273) (33,646) 378,648 (50,672) (18) 1 (16) (50,689) 548,264 (6,231) (1,138) (1) (26,273) (18) 0 (33,663) 514,601

80,462 80,462 106,179 (0) (0) 106,179 378,648 (14,020) 196 47,205 33,381 412,029 (50,689) (15) 1 (13) (50,703) 514,601 (14,020) 196 47,205 (15) 0 33,367 547,968

392,489 151,578 151,578 544,068

544,068 (55,790) (55,790) 488,277

10

(Million yen)
FY2010 (April 1, 2009March 31, 2010) FY2011 (April 1, 2010March 31, 2011)

Deferred gains or losses on hedges Balance at the end of previous period Changes of items during the period Net changes of items other than shareholders' equity Total changes of items during the period Balance at the end of current period Foreign currency translation adjustment Balance at the end of previous period Changes of items during the period Net changes of items other than shareholders' equity Total changes of items during the period Balance at the end of current period Total accumulated other comprehensive income Balance at the end of previous period Changes of items during the period Net changes of items other than shareholders' equity Total changes of items during the period Balance at the end of current period Subscription rights to shares Balance at the end of previous period Changes of items during the period Net changes of items other than shareholders' equity Total changes of items during the period Balance at the end of current period Minority interests Balance at the end of previous period Changes of items during the period Net changes of items other than shareholders' equity Total changes of items during the period Balance at the end of current period Total net assets Balance at the end of previous period Changes of items during the period Dividends from surplus Increase (decrease) due to increase in consolidated subsidiaries Increase (decrease) due to decrease in consolidated subsidiaries Net income (loss) Repurchase of treasury stock Disposal of treasury stock Net changes of items other than shareholders' equity Total changes of items during the period Balance at the end of current period

24 (33) (33) (9) (10,048) 7,618 7,618 (2,430) 382,466 159,162 159,162 541,628 1,224 496 496 1,720 45,715 1,263 1,263 46,978 977,670 (6,231) (1,138) (1) (26,273) (18) 0 160,922 127,259 1,104,929

(9) 55 55 46 (2,430) (5,645) (5,645) (8,075) 541,628 (61,380) (61,380) 480,248 1,720 411 411 2,132 46,978 (1,389) (1,389) 45,589 1,104,929 (14,020) 196 47,205 (15) 0 (62,357) (28,990) 1,075,939

11

(4) Consolidated Statements of Cash Flows (Million yen)

FY2010 (April 1,2009 March 31, 2010) FY2011 (April 1,2010 March 31, 2011)

Cash flows from operating activities: Income(loss) before income taxes and minority interests in consolidated subsidiaries Depreciation and amortization Impairment loss Increase (decrease) in allowance for doubtful accounts Interest and dividends income Interest expenses Equity in net (earnings) losses of affiliates (Increase) decrease in receivables (Increase) decrease in inventories Increase (decrease) in payables Others, net Subtotal Interest and dividends received Interest expenses paid Income taxes (paid) refund Net cash provided by operating activities Cash flows from investing activities: Payments for purchases of property, plant and equipment Proceeds from sales of property, plant and equipment Payments for purchases of investment securities Proceeds from sales of investment securities Payments for acquisition of subsidiaries' stock resulting in change in scope of consolidation Proceeds from sales of subsidiaries' stock resulting in change in scope of consolidation Payments for loans made Proceeds from collections of loans Net (increase) decrease in fixed deposit Others, net Net cash used in investing activities Cash flows from financing activities: Increase (decrease) in short-term loans payable Proceeds from long-term loans payable Repayments of long-term loans payable Proceeds from issuance of bonds Repayments of bonds Payments for repurchase of treasury stocks Cash dividends paid Cash dividends paid to minority shareholders Proceeds from payment by minority shareholders Others, net Net cash provided by (used in) financing activities Translation adjustments of cash and cash equivalents Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period
12 -

(11,343) 110,119 36,902 84 (26,101) 17,847 (744) (777) 17,334 36,164 7,372 186,859 26,145 (17,976) 8,424 203,452 (48,312) 15,729 (3,927) 197 (781) (293) 2,003 (1,470) (36,855) (37,614) 27,820 (1,915) 50,000 (33,286) (18) (6,231) (625) (36,359) (38,230) 1,211 129,578 188,011 317,590

69,279 89,576 (195) (24,148) 15,773 473 11,650 (16,953) 3,440 19,228 168,125 24,173 (15,882) (22,755) 153,661 (48,085) 7,645 (56,000) 2,963 (25) 41 (30) 730 (89,351) (5,461) (187,574) (6,759) 240 (826) 4,002 (49,180) (15) (14,020) (528) 143 (18,784) (85,728) (2,382) (122,024) 317,590 195,566

(5) Note on premise of going concern : No (6) Basis of Presenting Consolidated Financial Statements (6) (Matters concerning the scope of Consolidation) (7) Consolidated subsidiaries : 162 (Addition 11 companies) TOYOTA L&F Fukui Co., LTD. Toyota Textile Machinery (Shanghai)Co., Ltd. Wanbishi Archives China, Co., Ltd. P.T. TD Automotive Compressor Indonesia Toyota Material Handling North America ,Inc. Toyota Material Handling India Pvt. Ltd. Atlas Toyota Material Handling, LLC Toyota Material Handling Europe Group (4 companies) (Removal 8 companies) TF Logistics Co., Ltd. ACTIS Manufacturing, Ltd, LLC Aichi Corporation Group (2 companies) Toyota Material Handling Europe Group (4 companies) (6) (Matters concerning the application of equity method) (7) Equity-method affiliates : 12 (Removal 1 company) FUJI LOGISTICS CO. LTD. (Application of Accounting Standard for Asset Retirement Obligations) Effective from the fiscal year beginning April 1, 2010, Toyota Industries applies Financial Accounting Standard No. 18 Accounting Standard for Asset Retirement Obligations and its Implementation Guidance No. 21 Guidance on Accounting Standard for Asset Retirement Obligations, both of which were issued on March 31, 2008 by the Accounting Standards Board of Japan. (Application of Accounting Standard for Consolidated Financial Statements) Effective from the fiscal year beginning April 1, 2010, Toyota Industries applies Cabinet Office Ordinance No. 5 Cabinet Office Ordinance Partially Revising Regulation for Terminology, Forms and Preparation of Consolidated Financial Statements, which was issued on March 24, 2009 and is based on Financial Accounting Standard No. 22 Accounting Standard for Consolidated Financial Statements issued on December 26, 2008 by the Accounting Standards Board of Japan. Accordingly, Toyota Industries includes Income before Minority Interests in the financial statements from the first quarter of the fiscal year. (Additional Information) Effective from the fiscal year beginning April 1, 2010, Toyota Industries applies Financial Accounting Standard No. 25 Accounting Standard for Presentation of Comprehensive Income, which was issued on June 30, 2010.

13

(7) Segment Information

1. Business segment information (1) FY2010 (April 1,2009 - March 31, 2010)
Automobile Materials handling equipment Logistics Textile machinery Others Total Eliminations

(Million yen)
Consolidated

Net sales
(1) Outside customer sales (2) Inter-segment transactions

778,356 12,810 791,166 767,503 23,663 346,068 50,085 14,984

431,619 999 432,618 442,168 (9,549) 500,652 45,958 36,902 29,908

108,596 5,685 114,282 108,987 5,294 190,745 10,735 6,963

20,878 57 20,936 22,772 (1,836) 14,037 1,032 72

38,317 10,301 48,619 44,647 3,971 56,187 2,306 1,104

1,377,769 29,853 1,407,623 1,386,080 21,542 1,107,690 110,119 36,902 53,033

(29,853) (29,853) (30,313) 459 1,481,555 -

1,377,769 1,377,769 1,355,767 22,002 2,589,246 110,119 36,902 53,033

Total Operating expenses Operating income (loss) Assets Depreciation and amortization Impairment loss Capital expenditures

(Notes) 1. Business segments are divided by the type and nature of the product. (Notes) 2. Main products of each segment: Automobile........................... Materials handling equipment... Logistics Textile machinery Others... Vehicles, diesel and gasoline engines, car air-conditioning compressors, foundry parts, electronics components Lift trucks, warehouse trucks, automated storage and retrieval systems, aerial work platforms Land transportation services, cash collection and delivery and cash proceeds management services, data storage, management, collection and delivery services Weaving machinery, spinning machinery Semiconductor package substrates

(Notes) 3. Assets included in the "Eliminations" are mainly cash and deposits, marketable securities and investments in securities of Toyota Industries Corporation.

(2) FY2011 (April 1,2010 - March 31, 2011)

Automobile Materials handling equipment Logistics Textile machinery Others Total Eliminations

(Million yen)
Consolidated

Net sales
(1) Outside customer sales (2) Inter-segment transactions

804,167 21,151 825,319 32,876 305,871

490,676 654 491,330 23,999 499,120

107,773 8,069 115,842 5,397 191,774

42,795 12 42,807 2,592 15,277

34,426 11,853 46,279 3,445 61,808

1,479,839 41,740 1,521,580 68,312 1,073,851

(41,740) (41,740) 485 1,407,600

1,479,839 1,479,839 68,798 2,481,452

Total Segment Income Segment Assets Others

(1) Depreciation and amortization (2) Increase in Fixed Assets and Intangible Assets

41,813 22,953

30,845 37,453

7,298 7,215

904 473

1,725 1,433

82,587 69,528

82,587 69,528

(Notes) 1. Main products of each segment: Vehicles, diesel and gasoline engines, car air-conditioning compressors, foundry parts, electronics components Materials handling equipment... Lift trucks, warehouse trucks, automated storage and retrieval systems, aerial work platforms Logistics Land transportation services, cash collection and delivery and cash proceeds management services, data storage, management, collection and delivery services Textile machinery Weaving machinery, spinning machinery Others... Semiconductor package substrates 2. Segment income of 485 million yen is inter-segment elimination. Assets included in the "Eliminations"of "Segment Assets" are mainly cash and deposits, marketable securities and investments in securities of Toyota Industries Corporation. 3. Segment income is adjusted to operating income of Consolidated Statements of Income.
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Automobile...........................

(Additional Information) Effective from the fiscal year beginning April 1, 2010, Toyota Industries applied Financial Accounting Standard No. 17 Revised Accounting Standard for Disclosures about Segments of an Enterprise and Related Information, issued on March 27, 2009 and its Implementation Guidance No. 20 Guidance on Accounting Standard for Disclosures about Segments of an Enterprise and Related Information, issued on March 21, 2008 by the Accounting Standards Board of Japan.

(8) Earnings per share FY2010 (April 1,2009 March 31, 2010) Net assets per share(exact yen amounts) Net loss per share-basic(exact yen amounts) Amounts for net loss per share-diluted are not shown due to being negative numbers. 3,390.02) (84.33) FY2011 (April 1,2010 March 31, 2011) Net assets per share(exact yen amounts) Net income per share-basic(exact yen amounts) Amounts for net income per share-diluted are not shown due to no residual securities. 3,300.17 151.51

(Notes) 1. The basis of calculation for net income(loss) per share and net income per share-diluted is as follows: (Million yen) FY2010 (April 1,2009 March 31, 2010) 1 Net income per share- basic Net income(loss) Net income(loss) not attributable to common shareholders Net income(loss) attributable to common shareholders Weighted-average shares(thousand) 2 Net income per share-diluted Increase in common shares outstanding(thousand) Subscription rights to shares (Notes) 2. The basis of calculation for net assets per share is as follows: FY2010 (April 1,2009 March 31, 2010) Total net assets Amounts deducted from total net assets Subscription rights to shares Minority interests in consolidated subsidiaries Net assets applicable to commons stock at end of year Outstanding shares of common stock at end of year used for the computation of net assets per share(thousand) 1,104,929 48,699 1,720 46,978 1,056,230 311,570 (Million yen) FY2011 (April 1,2010 March 31, 2011) 1,075,939 47,721 2,132 45,589 1,028,217 311,564 (26,273) (26,273) 311,573) FY2011 (April 1,2010 March 31, 2011) 47,205 47,205 311,568 -

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