Japanese

News Releases / 2014

Return to 2014 News List

[Translation]
June 13, 2014
Notice Concerning Transactions with Affiliates
 
  1. Controls from Toyota Motor Corporation("TMC")

    (As of March 31, 2014)
    Name Class Owning shares with voting rights Stock exchange listings
    Directly held Indirectly held Total
    Toyota Motor
    Corporation
    Other affiliate 24.43% 0.24% 24.67% Tokyo, Nagoya, Fukuoka, Sapporo,
    New York(U.S.A), London(U.K)

  2. Relationship to TMC of Toyota Industries Corporation
    (1) Business relationship to TMC
    Toyota Motor Corporation held 24.67% of the Toyota Industries Corporation's total voting rights. Toyota Industries Corporation is a TMC affiliate accounted for by the equity method.
    Toyota Industries Corporation assembles certain cars and produces automobile engines under the consignment from TMC and our sales to TMC accounted for 60.1% of our net sales.
       
    (2) Risk information for principal customers
    TMC held 24.67% of the Toyota Industries Corporation's total voting rights. Toyota Industries Corporation maintains close relationship with TMC in terms of capital and business dealings. Under the consignment from TMC, Toyota Industries Corporation has no negative conditions and limitations from TMC. The sales to TMC accounted for 60.1% of our net sales, so TMC's vehicle sales could have an impact on Toyota Industries Corporation's business results.
       
    (3) Conditions of transactions and determination policies
    For the conditions of transactions and determination policies, Toyota Industries Corporation offers prices on such products based on their overall costs, and negotiates conditions for each fiscal year, as with conditions on arm's-length transactions.
    As for the purchase of parts of automobiles and engines, Toyota Industries Corporation negotiates conditions for each fiscal year, based on offered prices on such products, as with conditions on arm's-length transactions.
       
    (4) Status of policy for business independency
    Toyota Industries Corporation keeps the independency on business without any limitations from TMC.

  3. Parent company and major corporate shareholder
    (Unit: millions of yen, As of March 31, 2014)
    Class Name Common
    stock
    Owning (or
    owned)
    shares with
    voting rights
    Business
    relationship
    Contents of
    transaction
    Amount of
    transactions
    Description Balance as
    of the end of
    the fiscal
    year under
    review
    Other
    affiliate
    Toyota
    Motor
    Corporation
    397,049
    owned
    24.43%
    (directly held)
    0.24%
    (indirectly held)
    Sales of
    Toyota
    Industries
    Corporation's
    products,
    purchases of
    automobile
    parts and
    interlocking
    directors
    Sales of
    automobiles
    and engines
    etc.
    712,705 Trade notes
    Accounts
    receivable
    7,876

    22,223
    Purchase of
    parts of
    automobiles
    and engines
    etc.
    520,829 Accounts
    payable
    45,224

Return to Top