Notice Concerning Forecast of Financial Results and Cash Dividends for FY2021

News Release IR

[Translation]

Toyota Industries Corporation today announces forecasts of consolidated financial results for FY2021 (April 1, 2020 through March 31, 2021), which were yet to be determined in “FY2020 Consolidated Financial Results <IFRS>” disclosed on April 30, 2020, as follows.

1. Forecast of Financial Results

1) Forecast of Consolidated financial results for FY2021 (April 1, 2020 through March 31, 2021)

Net salesOperating
income
Profit before
income taxes
Profit
attributable
to owners of
the parent
Earnings
per share
-basic
Previous forecast (A) Million yen
Million yen
Million yen
Million yen
Yen
Revised forecast (B) 1,900,000 60,000 110,000 85,000 273.77
Amount changed (B-A)
% of change
(Reference)
Actual results for FY2020
2,171,355 128,233 196,288 145,881 469.85

2) Reasons for revision of forecast of financial results

Toyota Industries announces the forecasts of consolidated financial results for FY2021 based on information or forecast available to management as of today, which have not yet been determined because of difficulty in making rational estimates due to the impact of COVID-19.

※ The above forecasts are based on the information available to management as of today and are not guarantees of future performance. Uncertainties such as economic conditions and exchange rate fluctuations could cause the actual results of Toyota Industries to change from any forecasts discussed in this material.

2. Forecast of cash dividends

1) Forecast of cash dividends for FY2021

Annual cash dividends per share
1st
Quarter
2nd
Quarter
3rd
Quarter
4th
Quarter
FY Total
Previous forecast Yen
Yen
Yen
Yen
Yen
Revised forecast 70.00
(Reference)
Actual payment for FY2020
80.00 80.00 160.00

2) Reasons for revision of forecast of cash dividends

Based on the above forecasts of financial results, Toyota Industries announces forecasts of cash dividends which have not yet been determined.
Toyota Industries' dividends policy is to meet the expectations of shareholders for continuous dividends while giving full consideration to business performance, funding requirements and dividends payout ratio.
Under this policy, Toyota Industries plans to pay cash dividends for second quarter of 70 yen.
Forecast of cash dividends for fourth quarter is continuously yet to be determined at the time of making this material.