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News Releases / 2010

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[Translation]
July 30, 2010
Notice Concerning Revision of Financial Forecast for FY2011
Toyota Industries Corporation today announced a revision of its financial forecast for FY2011 from that announced on April 28, 2010, as follows:
  1. Revision of financial forecast
  2. 1) Consolidated financial forecast
      (1) Revision of consolidated financial forecast for the first half of FY2011
    (April 1, 2010 through September 30, 2010)
        (Amount: million yen)
      Net sales Operating
    income
    Ordinary
    income
    Net
    income
    Net income
    per share
    (yen)
    Previous forecast (A) 690,000 20,000 23,000 12,500 40.12
    Revised forecast (B) 740,000 30,000 32,000 19,000 60.98
    Amount changed (B-A) 50,000 10,000 9,000 6,500
    % of change 7.2% 50.0% 39.1% 52.0%
    (Reference)
    Actual results for the
    first half of FY2010
    627,562 -2,802 4,265 229 0.74
     
      (2) Revision of consolidated financial forecast for FY2011
    (April 1, 2010 through March 31, 2011)
        (Amount: million yen)
      Net sales Operating
    income
    Ordinary
    income
    Net
    income
    Net income
    per share
    (yen)
    Previous forecast (A) 1,400,000 45,000 50,000 27,000 86.66
    Revised forecast (B) 1,450,000 55,000 60,000 33,000 105.92
    Amount changed (B-A) 50,000 10,000 10,000 6,000
    % of change 3.6% 22.2% 20.0% 22.2%
    (Reference)
    Actual results for FY2010
    1,377,769 22,002 31,756 -26,273 -84.33
     
    2) Non-consolidated financial forecast
      (1) Revision of non-consolidated financial forecast for the first half of FY2011
    (April 1, 2010 through September 30, 2010)
        (Amount: million yen)
      Net sales Operating
    income
    Ordinary
    income
    Net
    income
    Net income
    per share
    (yen)
    Previous forecast (A) 440,000 10,000 14,000 10,000 32.10
    Revised forecast (B) 490,000 18,000 23,000 16,000 51.35
    Amount changed (B-A) 50,000 8,000 9,000 6.000
    % of change 11.4% 80.0% 64.3% 60.0%
    (Reference)
    Actual results for the
    first half of FY2010
    389,552 -2,528 3,742 4,653 14.94
     
      (2) Revision of non-consolidated financial forecast for FY2011
    (April 1, 2010 through March 31, 2011)
        (Amount: million yen)
      Net sales Operating
    income
    Ordinary
    income
    Net
    income
    Net income
    per share
    (yen)
    Previous forecast (A) 880,000 20,000 26,000 18,000 57.77
    Revised forecast (B) 940,000 28,000 36,000 24,000 77.03
    Amount changed (B-A) 60,000 8,000 10,000 6,000
    % of change 6.8% 40.0% 38.5% 33.3%
    (Reference)
    Actual results for FY2010
    892,893 18,394 26,308 17,362 55.73

  3. Reasons for revision
    Toyota Industries Corporation has revised its financial forecasts for FY2011 as above, due to results of first quarter, increase of sales in Materials Handling Equipment Segment and further cost reduction activities. Our projections are based on assumed exchange rates of ¥90 = US$1 and ¥110 = €1 for the remainder of the fiscal year.

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