Toyota Industries Issues Senior Unsecured Notes Denominated in U.S. Dollars

[Translation]

Toyota Industries Corporation (President: Akira Onishi, “Toyota Industries”) announced today that it has determined to issue senior unsecured notes denominated in U.S. dollars (the "Notes") in the overseas securities markets. The key terms of the Notes are described below.

In response to its growing global operations, and to diversify its funding sources in foreign currencies, Toyota Industries aims to gain access to overseas securities markets which encompass a broad universe of investors and to strengthen its funding base by expanding its funding options and broadening its investor base.

	U.S. dollar-denominated senior unsecured notes due 2023	U.S. dollar-denominated senior unsecured notes due 2028
1. Issue Amount	US$500 million	US$500 million
2. Maturity Date	March 16, 2023	March 16, 2028
3. Coupon	3.235% per annum	3.566% per annum
4. Issue Price	100% of the principal amount	100% of the principal amount
5. Settlement Date	March 16, 2018
6. Offering Method	The Notes are being offered in overseas markets mainly in the United States, Europe and Asia. Within the United States, the Notes are being offered only to qualified institutional buyers in reliance on the exemption from registration requirements provided by Rule 144A under the United States Securities Act of 1933, as amended.
7. Listing	To be listed on the Singapore Exchange Securities Trading Limited.
8. Expected Rating	AA- (S&P), A1 (Moody's)
9. Use of Proceeds	Toyota Industries intends to use the net proceeds from the offering of the Notes for general corporate purposes, including capital expenditures and investments in research and development.

Note:

This news release does not constitute an offer or sale of securities in the United States. The securities referred to above have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"). The securities may not be offered or sold in the United States absent registration or an exemption from registration requirements under the Securities Act. The securities referred to above will not be publicly offered or sold in the United States.