Notice Concerning Revision of Forecast of Financial Results and Cash Dividends for FY2021

News Release IR

[Translation]

Toyota Industries Corporation today announces revision of forecasts of consolidated financial results and cash dividends for FY2021 (April 1, 2020 through March 31, 2021) disclosed on July 31, 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
profit
Profit before
income taxes
Profit
attributable
to owners of
the parent
Earnings
per share
-basic
Previous forecast (A) Million yen
1,900,000
Million yen
60,000
Million yen
110,000
Million yen
85,000
Yen
273.77
Revised forecast (B) 2,000,000 85,000 140,000 105,000 338.18
Amount changed (B-A) 100,000 25,000 30,000 20,000
% of change 5.3 41.7 27.3 23.5
(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

Due to results of the second quarter of FY2021, Toyota Industries revises net sales, operating profit, profit before income taxes and profit attributable to owner of the parent as above.

※ 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
70.00
Yen
Yen
Yen
Revised forecast 70.00 140.00
Actual dividends 70.00
(Reference)
Actual dividends for FY2020
80.00 80.00 160.00

2) Reasons for revision of forecast of cash dividends

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 fourth quarter of 70 yen, which had not been determined.