News Releases

Notice Concerning sales of subsidiaries' stock

At the Board of Directors meeting held on October 30, 2015, Toyota Industries Corporation resolved to sell shares of Asahi Security Co., Ltd. and Wanbishi Archives, Co., Ltd. which are consolidated subsidiaries, in December, 2015(plan) to enhance concentration and selection of business.

1.Overview of the fact
At the Board of Directors meeting held on October 30, 2015, Toyota Industries resolved to sell shares of Asahi Security Co., Ltd. to SECOM CO., LTD., and shares of Wanbishi Archives, Co., Ltd. to NIPPON EXPRESS CO., LTD. in December, 2015(plan). Toyota Industries expects total amount of sales will be 167.0 billion yen(Asahi Security Co., Ltd., 81.0 billion yen, Wanbishi Archives, Co., Ltd. 86.0 billion yen), and the amount of increase in profit attributable to owners of the parent will be 59.0 billion yen.

2.Reason for the decision
Toyota Industries intends to focus on the main business such as Materials handling equipment
and Automotive-related and promote our growth even more.

3.Overview of the subsidiaries which are excluded from the scope of consolidation
(1)Asahi Security Co., LTD.
Name: Asahi Security Co., LTD
Address: 4-2, Kaigan 2-chome, Minato-ku, Tokyo
Name and Title of Representative: Toshimasa Murata, President and Representative Director
Business Description: Cash collection and delivery and On-line security systems
Capital: 516 million yen(Toyota Industries 100%)
Date of Establishment: May 15, 1998 (Founded in December, 1971)
Net sales: 36.3 billion yen (FY 2015)
(2)Wanbishi Archives Co., Ltd.
Name: Wanbishi Archives Co., Ltd.
Address: 1-28, Toranomon 4-chome, Minato-ku, Tokyo
Name and Title of Representative: Yasuhiro Murata, President and Representative Director
Business Description: Information asset management and insurance agency business
Capital: 4,000 million yen(Toyota Industries 100%)
Date of Establishment: July 7, 1988 (Founded on April 1, 1966)
Net sales: 21.1 billion yen (FY2015)

4.Overview of the companies which purchase shares of subsidiaries' stock
(1)SECOM CO., LTD.
Name: SECOM CO., LTD.
Address: 5-1, Jingumae 1-chome, Shibuya-ku, Tokyo
Name and Title of Representative: Hiroshi Ito, President and Representative Director
Business Description: Security services, Fire protection services, Medical services, Insurance services, Geographic information services, Information and communication related services, Real estate development and sales and others
Capital: 66,377 million yen
Date of Establishment: July 7, 1962
Net Sales: 840.7 billion yen (FY2015)
(2)NIPPON EXPRESS CO., LTD.
Name: NIPPON EXPRESS CO., LTD.
Address: Higashi -shimbashi 1-9-3, Minato-ku, Tokyo
Name and Title of Representative: Kenji Watanabe, President and Representative Director
Business Description: Truck transportation, Rail freight forwarding, Marine transportation,Coastal shipping, Air freight forwarding, Warehousing,Travel agency,Transportation, construction and installation ofheavy goods and any incidental business thereto, Specifiedcorrespondence delivery service, Collection and processing of logisticsinformation and any incidental business thereto
Capital: 70,175 million yen
Date of Establishment: October 1, 1937
Net Sales: 1,924.9 billion yen (FY2015)

5.Outlook for the future
Due to sales of subsidiaries' stock, Toyota Industries forecasts an increase in profit attributable to owners of the parent of 59.0 billion yen in the third quarter, FY2016. Therefore, Toyota Industries has revised its forecast of consolidated financial results for FY2016. For further details, please refer to “Notice Concerning Revision of Financial Forecast for FY2016” disclosed on October 30, 2015.

News Releases 2015