Regarding Position and Policy on Reduction of the Investment Units

IR

[Translation]

Toyota Industries Corporation recognizes that the reduction of investment units is one of the effective measures to increase the liquidity of its stock and to encourage the participation of the wide range of investors.
However, the company believes that our shares are being widely held and actively traded. Therefore, the Company has no plan to reduce the investment units at present.
The company will take an appropriate action in consideration of movement of share price, number of shareholders, status of stock trading and other factors as needed.