Notice Concerning Partial Amendments to the Articles of Incorporation

At the meeting of the Board of Directors held on May 17, 2016, Toyota Industries Corporation (Toyota Industries) resolved to propose partial amendments to its Articles of Incorporation at its 138th Ordinary General Meeting of Shareholders scheduled to be held on June 10, 2016 as follows:

Reason of Amendments
For the purpose of further strengthening the corporate governance of Toyota Industries, the position of Senior Managing Director will be abolished in line with the clarification the roles between “Directors” who are responsible for corporate management (decision-making and supervision) and “Managing Officers” who are responsible for execution of business operations.
Details of Amendments
The details of amendments are as follows:

(Underlined part indicates amendment)

Current Articles of Incorporation	Proposed Amendments
(Representative Directors and Executive Directors) Art. 24 2. A chairman/director, a president/director, vice chairman (men)/director(s), vice president(s)/director(s) and senior managing director(s) may be elected by a resolution of the Board of Directors.	(Representative Directors and Executive Directors) Art. 24 2. A chairman/director, a president/director, vice chairman (men)/director(s) and vice president(s)/director(s) may be elected by a resolution of the Board of Directors.

3. Schedule
The above said partial amendments to the Articles of Incorporation will be proposed at the 138th Ordinary General Meeting of Shareholders scheduled to be held on June 10, 2016.