Sustained Innovation and Creativity - Toyota Industries Corporation

Cash Flows(¥ Billion)150100500(50)(100)(150)(200)(250)FY02 03 04 05 06Net cash provided by operating activitiesNet cash used in investing activitiesNet cash provided by (used in) financing activitiesInvestment in Property,Plant and Equipment(¥ Billion)160140120100806040200FY02030405AutomobileMaterials Handling EquipmentLogisticsTextile MachineryOthers06increase of ¥390.1 billion (52.1%) over the previous fi scalyear-end. This was due chiefl y to issuance of bonds andan increase in deferred tax liabilities arising from a rise inthe market value of investment securities.Minority interest in consolidated subsidiaries increased¥8.4 billion (20.5%) to ¥49.3 billion.Shareholders’ equity increased ¥495.5 billion (44.4%)to ¥1,611.2 billion. This increase primarily refl ected anincrease in net unrealized gains on other securitiesaccompanying an increase in the market value ofinvestment securities. The ratio of shareholders’ equity tototal assets increased from 48.0% in the previous fi scalyear to 49.6%, while shareholders’ equity per share atyear-end rose from ¥3,504.80 to ¥5,044.45.Cash FlowsCash fl ows from operating activities resulted in an increasein cash of ¥131.8 billion in fi scal 2006, due mainly to incomebefore income taxes amounting to ¥80.6 billion. Net cashprovided by operating activities increased ¥31.7 billion(31.7%) from ¥100.1 billion in the previous fi scal year. Cashfl ows from investing activities resulted in a decrease incash of ¥205.0 billion, attributable primarily to payments forpurchases of property, plant and equipment amounting to¥161.5 billion, an increase of ¥51.4 billion (46.7%) from fi scal2005. Net cash used in investing activities increased ¥76.8billion (59.9%) from ¥128.2 billion in the previous fi scal year.Cash fl ows from fi nancing activities resulted in an increasein cash of ¥85.2 billion due mainly to proceeds fromissuance of bonds in an amount of ¥68.7 billion. Net cashprovided by fi nancing activities increased ¥35.2 billion(70.3%) from ¥50.0 billion in the previous fi scal year.After translation adjustments, cash and cashequivalents as of March 31, 2006 stood at ¥112.6 billion, anincrease of ¥12.1 billion (12.0%) over fi scal 2005.Investment in Property, Plant and EquipmentDuring fi scal 2006, Toyota Industries made a totalinvestment of ¥151.8 billion in property, plant andequipment (including ¥21.7 billion in vehicles andmaterials handling equipment for lease) in order tolaunch new products, streamline and upgrade productionequipment, and augment R&D facilities.In the Automobile Segment, investment in property,plant and equipment totaled ¥90.5 billion. A primarybreakdown of this amount included ¥61.5 billion for theCompany, ¥8.1 billion for TACG, ¥5.9 billion for TD DeutscheKlimakompressor GmbH, ¥5.4 billion for Izumi MachineMfg. Co., Ltd., ¥3.6 billion for Tokyu Co., Ltd., ¥1.3 billion forToyota Industry Automotive Parts (Kunshan) Co., Ltd. and¥1.2 billion for Tokaiseiki Co., Ltd.The Materials Handling Equipment Segment madean investment in property, plant and equipment in thetotal amount of ¥38.2 billion. The primary breakdowncomprised ¥6.8 billion for the Company and ¥11.3 billionfor the BT Industries Group.Investment in property, plant and equipment in theLogistics Segment totaled ¥3.8 billion, including ¥23 millionfor the Company and ¥3.1 billion for Taikoh TransportationCo., Ltd.The Textile Machinery Segment made an investment inproperty, plant and equipment in the total amount of ¥0.6Toyota Industries Corporation Annual Report 200669