Toyota Industries Close-up

Toyota IndustriesClose-upFounded in 1926 by Japanese inventor Sakichi Toyoda as a manufacturingcompany of automatic looms, Toyota Industries has grown into a diverseenterprise covering a wide range of businesses, including textile machinery,automobiles, materials handling equipment and electronics.The following pages provide a closer look at our extensive range of businessfields and product groups.Materials Handling Equipment78Automobile82Compressor Division82Vehicle Division83Engine Division83Electronics84Textile Machinery85Others85ANNUAL REPORT 2004 — TOYOTA INDUSTRIES CORPORATION77

Toyota Industries Close-upMaterials Handling EquipmentToyota Industries Close-upTOYOTA Material Handling CompanyA Solid Presence in World MarketsTOYOTA Material Handling Company (“TMHC”) develops,manufactures and markets a wide array of industrial vehicles.TMHC is a world leader in forklift trucks, with a full lineup ofinternal combustion and electric forklift trucks that range incapacity from 0.5 tons to over 40 tons. TMHC also offers skidsteer loaders, tow tractors and other industrial vehicles.Additionally, TMHC manufactures and markets materials handlingsystems for picking, conveying, storing and sorting — such asracks, automatic guided vehicle systems, and automatedstorage and retrieval systems — to address customer needs forenhancing the efficiency of their materials handling operations.TMHC’s wealth of accumulated know-how in materials handlingis based on the Toyota Production System and helps TMHCprovide customers with optimal materials handling solutions.Note: TMHC is an in-house company (a division of Toyota Industries) and not a legallyincorporated entity. Toyota Industries’ materials handling systems such as racks,automatic guided vehicle systems, and automated storage and retrieval systems aresold only in Japan.Products for the Japanese Market — Industrial VehiclesGENEO (7FD25)Internal CombustionCounterbalanced Forklift TruckGENEO-R (7FBR15)Electric Reach Truck78ANNUAL REPORT 2004 — TOYOTA INDUSTRIES CORPORATIONGENEO-B (7FB15)Electric CounterbalancedForklift Truck2TG25Tow TractorGENEO-E (7FBE15)Three-Wheel ElectricCounterbalancedForklift TruckJobsun (4SDK8)Skid Steer Loader

Toyota Industries Close-upProducts for the Japanese Market — Materials Handling SystemsPartner Rack(Rail-Less Mobile Type)Rail-Less Mobile RackRack Sorter BRack Sorter PAutomated Storage andRetrieval System (Plastic Container Type)Automated Storage andRetrieval System (Pallet Type)Road Sorter H(ACBH10)Automatic Guided Vehicle System2AFBR15APLB8Automatic Guided Forklift TruckAutomatic Guided Pallet TruckMaterials Handling EquipmentAichi CorporationTruck Mount Aerial Work PlatformsSelf-Propelled Aerial WorkPlatformsLeading the JapaneseMarket for Aerial WorkPlatformsAichi Corporation (“Aichi”) is atop manufacturer of specialpurpose vehicles, with anapproximately 66% share ofthe Japanese market for aerialwork platforms in fiscal 2004.Aichi aims to serve as anindispensable partner tocustomers in providingsolutions to their needs.SE-08ARM04BSH-15ATZ-10A type “RR”SC40ASR-18AJANNUAL REPORT 2004 — TOYOTA INDUSTRIES CORPORATION79

yota Industries Close-upProducts for the North American Market7FGU707FGCU257FGCU35-BCSInternal Combustion Pneumatic TireCounterbalanced Forklift TruckInternal Combustion Cushion TireCounterbalanced Forklift TruckInternal Combustion Cushion TireCounterbalanced Forklift Truck—Boxcar Special Model7FBEU157FBCU257BRU23Three-Wheel ElectricCounterbalanced Forklift TruckElectric Cushion TireCounterbalanced Forklift TruckElectric Reach Truck7FG/DF307FBMF457FBRE14Internal Combustion CounterbalancedForklift Truck with Deluxe CabinElectric Counterbalanced Forklift TruckElectric Reach Truck7PML207FBEF18LOP10CFElectric Pallet TruckThree-Wheel Electric CounterbalancedForklift TruckLow-Level Order Picker with Elevating CabinProducts for the European Market80ANNUAL REPORT 2004 — TOYOTA INDUSTRIES CORPORATION

Materials Handling EquipmentGlobal Supplier of Warehouse TrucksHeadquartered in Sweden, BT Industries AB (“BT Industries”) isthe world’s leading supplier of warehouse trucks.BT Industries manufactures in seven plants in Europe andNorth America, where the company has particularly strongcustomer bases. BT Industries’ products contribute to efficientmaterials handling operations for customers in over 70 countries.BT Industries meets the needs of the entire spectrum ofmaterials handling, with products including hand pallet trucks,electric pallet trucks, reach trucks, very narrow aisle trucks andcounterbalanced forklift trucks. Some examples are shownbelow.Toyota Industries Close-upBT Industries GroupBT ProductsBT PRO LIFTERBT PRO LIFTER MBT ORIONBT IXIONHand Pallet TruckMotorized Hand Pallet TruckElectric Pallet TruckStacker TruckBT REFLEX ACBT OPUSBT OPALBT VECTORBT CARGOReach TruckLow-Level Order PickingTruckHigh-Level Order PickingTruckVery Narrow Aisle TruckCounterbalanced TruckRaymond ProductsRaymond Model 7400Reach-Fork TruckRaymond Model 112Pallet TruckReach TruckElectric Pallet TruckRaymond EASi PacerStand-UpCounterbalanced TruckRaymond EASiOrderpicker TruckRaymondSwing-Reach TruckOrder Picking TruckVery Narrow Aisle TruckElectric Counterbalanced TruckANNUAL REPORT 2004 — TOYOTA INDUSTRIES CORPORATION81

Toyota Industries Close-upAutomobileToyota Industries Close-upCompressor DivisionCompressors — the Core of Car Air-ConditionersCar air-conditioners use the vaporized heat of refrigerants to coolthe interiors of cars. The core of a car air-conditioner is thecompressor. Boasting the top share of the world market for carair-conditioning compressors, Toyota Industries is a leadingmanufacturer of car air-conditioning compressors, employingoutstanding, unrivaled technologies. These products include acontinuous variable displacement compressor that automaticallycontrols cooling in accordance with cabin temperature and theload on the engine. Our compact, lightweight 10-cylindercompressors with swash plate and fixed displacement are widelyadopted by automakers in Japan and overseas. Additionally, withthe aim of environmental protection, we are developingcompressors that offer superb fuel efficiency and use CFCsubstitutes. The Division is also working on the development ofelectrically driven car air-conditioning compressors andcompressors that use CO2, a natural refrigerant.CompressorCooling unitexpansion valveevaporatorReceiver and drierCondenserToyota Industries manufactures compressors — devices that pressurize refrigerant gas,which must give off heat to liquefy (condense). When subject to increased pressurization,refrigerant gas becomes comparatively easier to liquefy. To cool the interior of vehicles,liquid (refrigerant) is cycled throughout a sealed air-conditioning system through a repeatedprocess of vaporization (evaporation), liquefaction and re-vaporization.Fixed Displacement Type10S17 Compressor(Fixed Displacement,Swash Plate Type)SCS06 Compressor(Scroll Type)Continuous Variable Displacement Type82SV07 Compressor(Vane Type)For Hybrid VehiclesAuxiliary Car Heater7SBU16 Compressor7SEU16 CompressorES18 Electric CompressorViscous-Type Power Heater(Variable Displacement,Swash Plate Type)(Externally Controlled,Variable Displacement,Clutchless Type)(Hermetic Scroll Type)(Vehicle Cabin SupplementaryHeater)ANNUAL REPORT 2004 — TOYOTA INDUSTRIES CORPORATION

AutomobileBuilding Safe, Environment-Friendly CarsToyota Industries currently assembles the Vitz (Yaris in Europe),RAV4 and Corolla Sedan under consignment from TMC. Thefuel-efficient, environment-friendly Vitz is positioned as TMC’sVitzstrategic small car in global markets. The RAV4 sport utilityvehicle is exported to the United States and Europe, while theCorolla Sedan is exported to the United States.Toyota Industries Close-upVehicle DivisionCorolla Sedan(Yaris in Europe)RAV4AutomobileEngine DivisionFrom Small Cars to Large Industrial VehiclesToyota Industries manufactures diesel and gasoline enginesranging in capacity from 1500cc to 5200cc. Our car engines aremanufactured on consignment from TMC and are all fitted inTOYOTA cars. In collaboration with TMC, we are developingenvironment-friendly diesel engines for automobiles that offerhigh power and lighter weight, as well as low noise and vibration.Superior in output and environmental impact, our industrialengines are fitted in forklift trucks and other industrial vehiclesmanufactured by TMHC as well as in gas heat pumps and busair conditioners.Diesel EnginesGasoline Engines1CD Diesel Engine1HD-FTE Diesel Engine2UZ Gasoline Engine1FZ-FE Gasoline Engine(Displacement: 2.0 Liters,Used in the Avensis, RAV4and Corolla for Europe)(Displacement: 4.2 Liters,Used in the Land Cruiser)(Displacement: 4.7 Liters,Used in the Lexus LX470and the Land Cruiser)(Displacement: 4.5 Liters,Used in the Land Cruiser)ANNUAL REPORT 2004 — TOYOTA INDUSTRIES CORPORATION83

Toyota Industries Close-upElectronicsToyota Industries Close-upCorporate Technical CenterThe Corporate Technical Center carries out product planning,design and manufacture of products related primarily to powersupply and communications. The Center manufactures DC-ACinverters and DC-DC converters for hybrid cars, both of whichare fitted in TOYOTA cars. It also develops and manufactureswireless LAN modules. Functioning as Toyota Industries’ R&Dbase, the Center is involved in basic R&D in materials and otherfields. The Center also conducts research in such leading-edgeelectronics fields as organic light-emitting diodes and radio tunermodules.DC-DC Converterfor the PriusDC-AC InverterWireless LANModuleRadio TunerModule(Pre-Installed Type)ElectronicsST Liquid Crystal Display Corp.ST Liquid Crystal Display Corp. (“ST-LCD”) was established in1997 as a 50-50 joint venture with Sony Corporation tomanufacture low-temperature polysilicon TFT-LCD panels.Combining Sony’s superb LCD technology and ToyotaIndustries’ expertise in quality control and manufacturingtechnology, ST-LCD produces high-quality, high-performanceLCD panels using the Toyota Production System. These LCDpanels are energy-efficient and offer high resolution as well ashigh numerical aperture. They also facilitate the integration of thedisplay device and its driver circuits into a single TFT glasssubstrate. The resultant reduction in cost and miniaturization ofthe display unit allow the LCD panel to be used in a wide rangeof applications, including mobile phones, digital video and stillcameras, and personal digital assistants.Low-TemperaturePolysilicon TFT-LCDsElectronicsTIBC CorporationTIBC Corporation (“TIBC”), a joint venture between ToyotaIndustries and Ibiden Co., Ltd., manufactures ball grid array(BGA) plastic package substrates and flexible printed circuit(FPC) substrates for smart cards. TIBC’s products are soldthrough Ibiden to major integrated device manufacturersworldwide for use in a wide range of electronic and informationequipment.Ball Grid Array (BGA)Plastic Package Substrates84ANNUAL REPORT 2004 — TOYOTA INDUSTRIES CORPORATIONFlexible Printed Circuit (FPC)Substrates