Matters Concerning Controlling Shareholders, etc.

News Release IR

[Translation]

1. Name of the Parent Company, Controlling Shareholder (Excluding Parent Company) and Other Affiliated Companies

(As of March 31, 2022)
NameRelationshipPercentage of voting rights held (%)Financial instruments exchanges where issued
share certificates are publicly listed
Directly
held		Aggregate
portion		Total
Toyota Motor
Corporation		 Other affiliated
company		 24.69 0.01 24.69 First Section of the Tokyo Stock Exchange (Note 1)
First Section of the Nagoya Stock Exchange (Note 2)
New York Stock Exchange (U.S.A.)
London Stock Exchange (U.K.)
(Notes)
1. As of April 4, First Section of the Tokyo Stock Exchange was restructured into Prime Market.
2. As of April 4, First Section of the Nagoya Stock Exchange was restructured into Premier Market.

2. Position of Toyota Industries Corporation (the Company) in the Corporate Group of Other Affiliated Companies and Other Relationships Between the Company and Other Affiliated Companies

(1) Position of the Company in the Corporate Group of Other Affiliated Companies

Toyota Motor Corporation (TMC) held 24.69% of the Company's total voting rights. The Company is a TMC affiliate accounted for by the equity method.
The company assembles certain cars and produces automobile engines under the consignment from TMC and our sales to TMC accounted for 35.4% of our net sales.

(2) Limitations, Risks and Benefits from an Operational Standpoint of Belonging to the Corporate Group of Other Affiliated Companies

TMC held 24.69% of the Company's total voting rights. The Company maintains close relationship with TMC in terms of capital and business dealings. Under the consignment from TMC, the Company has no negative conditions and limitations from TMC. The sales to TMC accounted for 35.4% of our net sales, so TMC's vehicle sales could have an impact on the Company's business results.

(3) Policy and Measures to Achieve a Certain Degree of Independence from Other Affiliated Companies

For the conditions of transactions and determination policies with TMC, the Company offers prices on such products based on their overall costs, considering conditions on arm's-length transactions, and negotiates prices for each fiscal year as for the sales of automobiles and engines among other things.
As for the purchase of parts of automobiles and engines among other things, the Company negotiates prices for each fiscal year, considering offered prices on such products and conditions on arm's-length transactions. Conditions other than the prices are determined based on arm's-length transactions.

(4) Status of Securing a Certain Degree of Independence from Other Affiliated Companies

The Company keeps the independency on business without any limitations from TMC.

3. Transactions with the Controlling Shareholder, etc.

(As of March 31, 2022)
CategoryNameAddressCapital or Treasury
(Millions of yen)		Business or
Trade		Percentage of
voting rights
held (%)		RelationshipTransaction
Contents		Transaction Amount
(Millions of yen)		ItemBalance as of the end
of the fiscal year
(Millions of yen)
Other
affiliate		 Toyota Motor
Corporation		 Toyota-shi,
Aichi		 635,401

Manufacturing
and Sales of
automobiles and
their parts

24.69
(directly
held)

0.01
(Aggregate
portion)

 Sales of the
Company's
products and
purchases of
automobile
parts		 Sales of
automobiles and
engines among
other things.		 340,919 Trade notes 12,717
Accounts
receivable		 38,611
Purchase of
automobiles and
engines among
other things		 18,970 Accounts
payable		 65,355