Message from the Chairman and President

To Our Shareholders and Investors

Firstly, we would like to extend our sincere appreciation for your continued support of Toyota Industries Corporation (TICO) and the TICO Group.

In FY2025 (ended March 31, 2025), the global economy sustained moderate growth on the background of subsiding inflation. However, the outlook became more uncertain due to geopolitical risks, including the conflicts in Europe and the Middle East, as well as the fluctuations in economic policy trends of various countries. Meanwhile, the recovery of the Japanese economy was moderate despite positive economic trends such as the continuation of wage increases and companies’ willingness to commit to investment. In this operating environment, TICO made efforts to satisfy customers in each region and focused on delivering even better products and services based on a quality-first approach. As a result, both net sales and profits outperformed the previous fiscal year, with total consolidated net sales of ¥4,084.9 billion, consolidated operating profit of ¥221.6 billion, and profit attributable to owners of the parent of ¥262.3 billion.

Looking at the surrounding business environment, as the demands to realize a sustainable society progressively diversify and technological innovations rapidly advance, competition has become increasingly fierce in step with advancements in electrification and autonomous driving, as well as changes in the industry structure due to new entrants from different industries. In addition to ensuring a stable supply chain and strengthening our responsiveness to cost increases, we are working on technological innovation and enhancing our manufacturing foundation in the field of next-generation mobility, such as battery, hybrid, and fuel cell electric vehicles. Furthermore, we have been promoting innovative manufacturing aimed at reducing environmental impact and realizing a carbon-neutral society while ensuring the delivery of safe and reliable products to customers.

In March 2024, we formulated fundamental measures to prevent the recurrence of legal violations in domestic engine certification and have been working diligently to implement them. At the same time, we are making a global, Group-wide commitment to raising compliance awareness and strengthening governance. We aim to evolve to a new stage of growth based on the relationships of trust with our stakeholders.

The Toyota Group is currently transforming itself into a corporate group that leads the mobility industry and supports the movement of people, goods, information, and energy. We will further accelerate efforts in our Materials Handling Equipment and Logistics Solutions businesses, continue to contribute to all sites where goods are moved, and play a central role in the movement of goods supported by the Toyota Group.

On June 3, 2025, Toyota Fudosan Co., Ltd. announced the planned commencement of a tender offer for shares, etc., of Toyota Industries Corporation. On the same day, we announced our support for this planned tender offer. We expect the tender offer to be implemented in a few months, and the subsequent procedures will proceed to take the Company private. This is a choice that will allow us to chart a new path, further enhance our corporate value, and continue to be an entity that contributes to society.

In closing, we would like to sincerely ask for continued understanding and support of our stakeholders.

July 2025