Toyota Q1 Report 2024

During the first quarter of FY2024 (the three months from April 1 to June 30, 2023), total consolidated net sales of
Toyota Industries amounted to 889.4 billion yen, an increase of 129.8 billion yen, or 17%, 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 52.5 billion yen, an increase of 8.9 billion yen, or 20%, from the same period of the previous fiscal year. Profit before income taxes totaled 111.6 billion yen, an increase of 19.9 billion yen, or 22% and profit attributable to owners of the parent totaled 86.9 billion yen, an increase of 15.3 billion yen, or 21%.