Notice Concerning Revision of Forecast of Financial Results for FY2022

IR

[Translation]

Toyota Industries Corporation today announces revision of forecasts of consolidated financial results for FY2022 (April 1, 2021 through March 31, 2022) disclosed on April 28, 2021, as follows.

1. Forecast of Financial Results

1) Forecast of Consolidated financial results for FY2022 (April 1, 2021 through March 31, 2022)

Net salesOperating
profit
Profit before
income taxes
Profit
attributable
to owners of
the parent
Earnings
per share
-basic
Previous forecast (A) Million yen
2,300,000
Million yen
150,000
Million yen
215,000
Million yen
160,000
Yen
515.33
Revised forecast (B) 2,600,000 150,000 225,000 165,000 531.43
Amount of change (B-A) 300,000 10,000 5,000
Percentage of change %
13.0
%
%
4.7
%
3.1
%
(Reference)
Actual results for FY2021
2,118,302 118,159 184,011 136,700 440.28

2) Reasons for revision of forecast of financial results

In addition to results of the first quarter of FY2022, Toyota Industries Corporation has revised sales plans upward, mainly in Materials Handling Equipment Segment, as the global market recovery exceeds the initial projection, especially in Europe and North America. Furthermore, the expansion of the e-commerce market and the progress of logistics automation also provide a tailwind. As a result, Toyota Industries Corporation revises the forecast of financial results for FY2022 as above.

* The above forecasts are based on the information currently available to management and certain assumptions deemed reasonable by Toyota industries Corporation, and are not guarantees of future performance. Actual results could differ from those forecasts due to uncertainties including economic conditions and exchange rate fluctuations.