Shareholders and Investors

We aim to facilitate an understanding of the Toyota Industries Group and obtain an appropriate company valuation in stock markets through information disclosure based on fair disclosure rules as well as proactive dialogue with shareholders and investors.

Basic Perspective and Implementation Structure

Toyota Industries continually carries out information disclosure based on fair disclosure rules for shareholders and investors. In this way, we raise management transparency and increase an understanding of the Toyota Industries Group so that we obtain an appropriate company valuation in stock markets.

Our investor relations (IR) activities are supervised by an executive in charge of investor relations. We also strive to engage in proactive dialogue with shareholders and investors by establishing a dedicated department.

Communication with Shareholders and Investors

As in the previous fiscal year, we implemented various safety protocols for our 144th General Shareholders’ Meeting held on June 10, 2022, including reducing the number of available seats, to prevent the spread of COVID-19 and ensure the safety of our shareholders.

With regard to the exercise of voting rights, we encouraged shareholders to use the Internet and other online means. All resolutions were passed at the meeting.

For institutional investors and analysts, we held financial results briefings by management, while the Investor Relations Office conducted individual interviews, mainly via telephone and the Internet. Through these opportunities, we engaged in dialogue on a range of topics, including the impact of global inflation and supply chain disruptions on our business and business results as well as subsequent future outlook; market conditions in each of the Lift Truck Business and Logistics Solutions Business; production and sales status in our automobile-related businesses; direction of business over the medium to long term; and our approach to and initiatives for the environment, social and governance (ESG) issues.

In December 2022, we hosted an information session at our Toyota L&F Customer Center Tokyo to describe the Materials Handling Equipment Business including logistics solutions, a topic of keen interest among institutional investors. The hybrid session, held in person and via the Internet, was attended by more than 100 securities analysts, institutional investors, journalists and other parties. We held a dialogue with them about our potential and strategies to achieve business growth over the medium to long term and allowed them to see our systems and equipment.

For individual investors, we held web-based company information sessions to explain Toyota Industries’ businesses, characteristics and strengths and answered many questions.

Through such communications with shareholders and investors, we successfully promoted a deeper understanding of Toyota Industries’ entire businesses. Opinions and requests obtained through these communications are fed back to executives and relevant business divisions as necessary to reflect them in our future business activities.

Major Investor Relations Activities

Returning Profits to Shareholders

Toyota Industries regards ensuring shareholder benefits as one of the most important management policies. In returning profits to shareholders, we emphasize stable cash dividends.

Accordingly, we strive to continue paying dividends at the consolidated dividend payout ratio of roughly 30% and meet the expectations of shareholders upon comprehensively taking into consideration such factors as business results and demand for funds.

For fiscal 2023, Toyota Industries increased annual cash dividends by ¥20.0 from the previous fiscal year and paid annual cash dividends per share of ¥190.0 (interim cash dividend per share of ¥90.0 and year-end cash dividend per share of ¥100.0).