Toyota Q3 Report 2023

During the third quarter of FY2023 (the nine months from April 1 to December 31, 2022), total consolidated net sales of Toyota Industries amounted to 2,467.5 billion yen, an increase of 499.6 billion yen, or 25%, from the same period of the previous fiscal year. In terms of overall profit, despite an increase in raw material costs, an increase in labor costs and an increase in expenses and others, including logistic costs, owing to an increase in sales, the impact of exchange rate fluctuations and further advances in cost reduction efforts throughout the Toyota Industries Group, Toyota Industries posted consolidated operating profit of 138.6 billion yen, an increase of 2.4 billion yen, or 2%, from the same period of the previous fiscal year. Profit before income taxes totaled 230.0 billion yen, an increase of 10.5 billion yen, or 5% and profit attributable to owners of the parent amounted to 169.2 billion yen, an increase of 6.5 billion yen, or 4%.

Assets amounted to 7,469.7 billion yen, a decrease of 157.4 billion yen from the end of the previous fiscal year,
mainly due to a decrease in fair value of investment securities. Liabilities amounted to 3,703.3 billion yen, an increase of 98.2 billion yen from the end of the previous fiscal year, mainly owing to an increase in corporate bonds and loans. Equity amounted to 3,766.3 billion yen, a decrease of 255.6 billion yen from the end of the previous fiscal year