Toyota Half-Year Report 2024

During the second quarter of FY2024 (the six months from April 1 to September 30, 2023), total consolidated net
sales of Toyota Industries amounted to 1,837.4 billion yen, an increase of 235.0 billion yen, or 15%, from the same
period of the previous fiscal year. In terms of overall profit, despite an increase in labor costs and an increase in
expenses and others including energy costs, owing to an increase in sales, the impact of exchange rate fluctuations, a
decrease in logistic costs and further advances in cost reduction efforts throughout the Toyota Industries Group, Toyota Industries posted consolidated operating profit of 122.0 billion yen, an increase of 30.0 billion yen, or 33%, from the same period of the previous fiscal year. Profit before income taxes totaled 180.5 billion yen, an increase of 35.6 billion yen, or 25% and profit attributable to owners of the parent totaled 138.8 billion yen, an increase of 32.0 billion yen, or 30%.

Assets amounted to 9,533.6 billion yen, an increase of 1,712.5 billion yen from the end of the previous fiscal year,
mainly due to an increase in fair value of investment securities. Liabilities amounted to 4,472.9 billion yen, an increase of 587.2 billion yen from the end of the previous fiscal year, mainly owing to an increase in deferred tax liabilities. Equity amounted to 5,060.7 billion yen, an increase of 1,125.3 billion yen from the end of the previous fiscal year.