Sustained Innovation and Creativity - Toyota Industries Corporation

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Focus onBusiness1Materials Handling EquipmentExploiting Synergies and BrandPower for Top Market ShareDetermined to further strengthen its global competitiveness, the Materials HandlingEquipment Segment has commenced a host of activities under Toyota MaterialHandling Group, a new organization that integrates TOYOTA Material HandlingCompany, the world leader in counterbalanced lift trucks, and the BT IndustriesGroup, the world’s top company in warehouse trucks. Although not included inTMHG, this segment also includes Aichi Corporation, one of Toyota Industries’subsidiaries that commands the dominant share of Japan’s market for aerial workplatforms. By providing optimum solutions to meet diverse customer needs, theMaterials Handling Equipment Segment maintains a solid position as a leadingmanufacturer of materials handling equipment.16 Toyota Industries Corporation Annual Report 2006
Toyota Material Handling Group—Maximizing SynergiesWithin the Materials Handling Equipment Segment, ToyotaMaterial Handling Company (TMHC) and the BT IndustriesGroup have made strenuous efforts to realize synergies bymutually supplying each other’s brand products, sharingsales and production know-how, exchanging personnel andjointly procuring components. Backed by the success ofthese efforts, in April 2006 we integrated both entities underthe framework of Toyota Material Handling Group (TMHG),a new organization that we expect will allow us to maximizesynergies as we strive to achieve our target of becoming“undisputed No. 1” in the global lift truck market.In carrying out its operations, TMHG has divided itsglobal markets into four regions—Europe, North America,Japan and International—and established a Board as thedecision-making body within each of these four regionalorganizations. A Management Committee, composedof TMHG top management and representatives of eachregional organization, formulates strategies and managesTMHG as a whole.TMHG has also set up Sub-Committees, comprisingfunctional sections of each regional organization, to handlesuch principal functions as quality, R&D, product planning,information system/information technology, plant operation,human resources and fi nance. Cross-sectional linkagespermeating the entire organization facilitate the sharingof best practices and know-how cultivated regionally aswell as by TMHC and the BT Industries Group. Measures tobe stressed include the ongoing transfer and sharing of theToyota Production System—the source of our competitiveedge—joint procurement of components, joint transportof components and products, standardization of platformsand joint development of key components. By undertakingbusiness closely focused on the needs of customers in its owngeographic region, TMHG aims to further accelerate globaldevelopment and capture a one-third share of the global lifttruck market as early as possible in the 2010s.The formation of Toyota Material Handling Group was announced at theToyota Industries World Convention 2005 to maximize the synergies ofTOYOTA, BT and Raymond brands.Organizational Chart of Toyota Material Handling GroupTMHG PresidentTatsuo MatsuuraManagement CommitteeGlobal Strategy, Optimum Resource Allocation, Global Management ControlTMHJ TMHE TMHNATMHI TMHJToyota Material HandlingEuropeToyota Material HandlingNorth AmericaToyota Material HandlingInternationalToyota Material HandlingJapanSub-CommitteesQuality, R&D, Product Planning, Information System/Information Technology, Plant Operation,Human Resources and FinanceToyota Industries Corporation Annual Report 200617
Page 1 and 2: ANNUAL REPORTYear ended March 31, 2
Page 3 and 4: Contents24614Consolidated Financial
Page 5 and 6: Net SalesOperating IncomeNet Income
Page 7 and 8: Tadashi IshikawaChairmanTetsuro Toy
Page 9 and 10: Record-Breaking Results for Fiscal
Page 11 and 12: Further Deploying Our Engine Busine
Page 13 and 14: examples, each division undertakes
Page 15 and 16: progress in globalizing its busines
Page 17: Logistics SegmentTextile Ma chin er
Page 21 and 22: Business Activities in Fiscal 2006J
Page 23 and 24: Looking AheadJapanese MarketThe yea
Page 25 and 26: Products for the Japanese MarketPro
Page 27 and 28: Products for the European MarketPle
Page 29 and 30: Breakthrough Innovations and Cuttin
Page 31 and 32: variable-displacementcompressors, w
Page 33 and 34: Vehicle BusinessAdvantages as a Com
Page 35 and 36: Project. This project involves the
Page 37 and 38: Car ElectronicsToyota Industries’
Page 39 and 40: Semiconductor Package SubstratesToy
Page 41 and 42: Creating Logistics Solutions by Ado
Page 43 and 44: Focus onBusiness6Textile Ma chin er
Page 45 and 46: ExploringToyota IndustriesToyota In
Page 47 and 48: of the Toyota Material Handling Gro
Page 49 and 50: New Products Developed and Launched
Page 51 and 52: Corporate Governance Structure of T
Page 53 and 54: Environmental and Social Contributi
Page 55 and 56: Social Contribution ActivitiesToyot
Page 57 and 58: 1990s - 2000s -1990Sprinter Carib (
Page 59 and 60: Directors, Corporate Auditors and M
Page 61 and 62: Company NameLocationCapital(thousan
Page 63 and 64: Fi nan cial Sec tion626474767778799
Page 65 and 66: Millions of yen2002 2001 2000 1999
Page 67 and 68: Operating Income andOperating Incom
Page 69 and 70:
Net Sales ofTextile MachinerySegmen
Page 71 and 72:
Cash Flows(¥ Billion)150100500(50)
Page 73 and 74:
Toyota Industries intends to use re
Page 75 and 76:
Signifi cant Accounting Policies an
Page 77 and 78:
LIABILITIES, MINORITY INTERESTS AND
Page 79 and 80:
Consolidated Statements of Sharehol
Page 81 and 82:
Notes to Consolidated Financial Sta
Page 83 and 84:
(15) Hedge accounting(a) Method of
Page 85 and 86:
(2) As of and for the year ended Ma
Page 87 and 88:
7. Assets pledged as collateral(1)
Page 89 and 90:
13. Derivative instruments(1) Quali
Page 91 and 92:
15. Income taxes(1) The signifi can
Page 93 and 94:
(2) Operating leases (as a lessee)P
Page 95 and 96:
2006 2005 20042006Assets:Automobile
Page 97 and 98:
2006 2005 20042006Assets:Japan ¥ 8
Page 99 and 100:
20. Net income per share (EPS)Basis
Page 101 and 102:
Toyota Industriesin NumbersToyota I
Page 103 and 104:
(Years ended March 31)Net Sales and
Page 105 and 106:
(Years ended March 31)Cash Dividend
Page 107 and 108:
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