News Releases

Notice Concerning Transactions with Affiliates

[Translation]


1. Controls from Toyota Motor Corporation("TMC")

(As of March 31, 2016)
Name Class Owning shares with voting rights Stock exchange listings
Directly held Indirectly held Total
Toyota Motor
Corporation
Other affiliate 24.39% 0.23% 24.63% Tokyo, Nagoya, Fukuoka, Sapporo,
New York(U.S.A), London(U.K)

2. Relationship to TMC of Toyota Industries Corporation

(1) Business relationship to TMC

Toyota Motor Corporation held 24.63% of the Toyota Industries Corporation's total voting rights. Toyota Industries Corporation is a TMC affiliate accounted for by the equity method.
Toyota Industries Corporation assembles certain cars and produces automobile engines under the consignment from TMC and our sales to TMC accounted for 57.6% of our net sales.

(2) Risk information for principal customers

TMC held 24.63% of the Toyota Industries Corporation's total voting rights. Toyota Industries Corporation maintains close relationship with TMC in terms of capital and business dealings. Under the consignment from TMC, Toyota Industries Corporation has no negative conditions and limitations from TMC. The sales to TMC accounted for 57.6% of our net sales, so TMC's vehicle sales could have an impact on Toyota Industries Corporation's business results.

(3) Conditions of transactions and determination policies

For the conditions of transactions and determination policies, Toyota Industries Corporation offers prices on such products based on their overall costs, and negotiates conditions for each fiscal year, as with conditions on arm's-length transactions.
As for the purchase of parts of automobiles and engines, Toyota Industries Corporation negotiates conditions for each fiscal year, based on offered prices on such products, as with conditions on arm's-length transactions.

(4) Status of policy for business independency

Toyota Industries Corporation keeps the independency on business without any limitations from TMC.

3. Parent company and major corporate shareholder

(Unit: millions of yen, As of March 31, 2016)
Class Name Common
stock
Owning (or
owned)
shares with
voting rights
Business
relationship
Contents of
transaction
Amount of
transactions
Description Balance as
of the end of
the fiscal
year under
review
Other
affiliate
Toyota
Motor
Corporation
635,401

owned

24.39%

(directly held)

0.23%

(indirectly held)

Sales of
Toyota
Industries
Corporation's
products,
purchases of
automobile
parts and
interlocking
directors
Sales of
automobiles
and engines
etc.
680,880 Trade notes
Accounts
receivable
4,345

39,937
Purchase of
parts of
automobiles
and engines
etc.
502,834 Accounts
payable
57,220

News Releases 2016