Message
Financial
Data
Message
To Our Shareholders and Other Investors
We would like to take this opportunity to express our deepest appreciation to our shareholders and other investors for your support of Toyota Industries Corporation and the Toyota Industries Group.
We began initiatives to streamline the corporate structure from the earliest stage when the global financial crisis hit in 2008. As the economy worldwide began to recover, we have been engaged in activities to ensure business opportunities lead to tangible results by accurately identifying market changes. We believe these initiatives have further strengthened Toyota Industries' management platform.
During the first quarter of fiscal 2012, ending March 2012, we had to partially suspend operations due to parts supply shortages arising from the Great East Japan Earthquake. However, the Materials Handling Equipment Business, which is one of our main businesses, took advantage of its own supply chain to respond quickly. As a result, its manufacturing operations were swiftly restored to levels allowing additional output to make up for lost time. In addition, production fully returned to normal company-wide by the second quarter. As a result, we were able to achieve significantly better results than the planned targets during the second quarter of fiscal 2012 (the six months from April 1 to September 30, 2011).
Amid this environment, Toyota Industries decided to pay an interim cash dividend of 25 yen per share, which is on a par with the same period of the previous fiscal year.
Although fiscal 2011 was the final year of the previous medium-term management plan, the Great East Japan Earthquake forced us to postpone the unveiling of our vision for further growth, which was originally planned to be announced in early fiscal 2012. Through concerted recovery efforts, however, we have since been able to ramp up production to recoup lost time, thereby enabling us to finally announce "Toyota Industries Group Vision 2020."
Competition among companies continues to expand beyond developed country markets to encompass the entire globe, including emerging country markets. The rivalries within the global economy are unfolding on a scale and at a pace that are unprecedented. The competition is so fierce we believe it's akin to the situation in Japan in the 16th century when many warlords fought for domination. Amid this environment, the entire Toyota Industries Group will make our utmost efforts to prevail in this global competition and achieve the targets laid out in Vision 2020.
In closing, we ask our shareholders and other investors for your continued understanding and support.
November 2011
Akira Imura
Chairman
Tetsuro Toyoda
President
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