Notice Concerning Difference Between Non-Consolidated Business Results and Those for the Previous Fiscal Year
[Translation]
Toyota Industries Corporation announces the Non-consolidated business results for FY2024 as below since it has a remarkable difference compared to those for FY2023.
1. Difference Between Non-Consolidated Business Results for FY2024 and Those for FY2023
| Net sales | Operating income | Ordinary income | Net income | Net income per share | |
|---|---|---|---|---|---|
| FY2023 (A) | Million yen 1,157,785 |
Million yen 52,989 |
Million yen 150,414 |
Million yen 112,565 |
Yen 362.56 |
| FY2024 (B) | 1,223,629 | 54,246 | 178,619 | 272,330 | 877.13 |
| Amount of change (B-A) | 65,844 | 1,257 | 28,205 | 159,765 | — |
| Percentage of change |
% |
% 2.4 |
% 18.8 |
% 141.9 |
— |
2) Reasons for the Difference
Net income increased over the previous fiscal year mainly due to a gain on sale of investment securities of 219.3 billion yen recorded in extraordinary income from sale of part of shares in DENSO CORPORATION and higher dividend income, although domestic certification related loss increased and an extraordinary loss of 49.3 billion yen was recorded with respect to this loss.