Notice Concerning Partial Amendments of the Articles of Incorporation

Toyota Industries Corporation (Toyota Industries) announces that at the meeting of the Board of Directors held on May 18, 2015, Toyota Industries resolved to propose partial amendments to its Articles of Incorporation at its 137th Ordinary General Meeting of Shareholders scheduled to be held on June 11, 2015 as follows:

Reasons for Amendments
The scope of Members of the Board of Directors and Audit & Supervisory Board Members with whom limited liability agreements may be concluded has been changed pursuant to the Act for Partial Revision of the Corporation Act (Act No.90 of 2014). In accordance with this change, Toyota Industries is partially amending its Articles of Incorporation. All Audit & Supervisory Board Members have unanimously consented to the amendment in relation to the exemption from liability of directors.
Details of Amendments
The details of amendments are as follows:

(Underlined part indicates amendment)


Current Articles of Incorporation	Proposed Amendments
(Exemption from Liability of Directors) Article 27 (Omitted) 2. As provided in the Article 427 Paragraph 1 of the Corporation Act, the Company may execute an agreement with outside directors to limit liabilities provided for in Article 423, Paragraph 1 of the Corporation Act.	(Exemption from Liability of Directors) Article 27 (Unchanged) 2. As provided in the Article 427 Paragraph 1 of the Corporation Act, the Company may execute an agreement with directors (excluding executive directors, etc.) to limit liabilities provided for in Article 423, Paragraph 1 of the Corporation Act.
(Exemption from Liability of Audit & Supervisory Board Members) Article 35 (Omitted) 2. As provided in the Article 427, Paragraph 1 of the Corporation Act, the Company may execute an agreement with outside Audit & Supervisory Board Members to limit liabilities provided for in Article 423, Paragraph 1 of the Corporation Act.	(Exemption from Liability of Audit & Supervisory Board Members) Article 35 (Unchanged) 2. As provided in the Article 427, Paragraph 1 of the Corporation Act, the Company may execute an agreement with Audit & Supervisory Board Members to limit liabilities provided for in Article 423, Paragraph 1 of the Corporation Act.