6201
TOYOTA INDUSTRIES CORPORATION
株式会社豊田自動織機
Industrials · Farm & Heavy Construction Machinery
Toyota Industries Corporation engages in the manufacture and sale of textile machinery, materials handling equipment, automobiles, and automobile parts in Japan, the United States, and internationally. The company operates through the Automobile, Materials Handling, and Textile Machinery segments. It provides internal combustion telematics, lift truck training, and end-to-end warehouse solutions, as well as electric lift trucks comprising reach trucks, pallet jacks, pallet stackers, sit-down and stand-up counterbalanced lift trucks, order pickers, and turret trucks under the TOYOTA, RAYMOND, and CESAB brands. The company also offers vehicles; engines, including engines for automobiles, industrial engines, foundry parts, and turbochargers; car air-conditioning compressors comprising electric compressors, continuous variable-displacement type and fixed-displacement type compressors, aluminum die-cast products, and products for fuel cell electric vehicles; car electronics, such as DC-DC converters, DC-AC inverters, and on-board chargers; batteries; and stamping dies. In addition, it develops, manufactures, and markets textile machinery, including weaving and spinning machineries. Toyota Industries Corporation was incorporated in 1926 and is headquartered in Kariya-shi, Japan.
Price
¥20,450
Market Cap
¥6.2T
Ent. Value
¥7.5T
Net Debt
−¥1.3T
Shares Out.
301.4M
P / E
27.5×
EV / EBIT
54.7×
P / Book
0.91×
P / NCAV
1.59×
Div. Yield
1.37%
Financials
| Metric |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Net Sales | ¥4,369.5B | ¥3,833.2B | ¥3,379.9B | ¥2,705.2B |
| Cost of Sales | ¥3,390.9B | ¥2,932.1B | ¥2,623.7B | ¥2,097.5B |
| Gross Profit | ¥978.6B | ¥901.1B | ¥756.2B | ¥607.7B |
| SG&A | ¥785.6B | ¥656.7B | ¥576.8B | ¥455.2B |
| Operating Income | ¥137.0B | ¥200.4B | ¥169.9B | ¥159.1B |
| Non-Operating Income | ¥143.0B | ¥126.9B | ¥103.7B | ¥89.9B |
| Non-Operating Expenses | ¥15.9B | ¥21.4B | ¥14.0B | ¥7.3B |
| Ordinary Income | ¥351.5B | — | — | — |
| Pre-tax Income | ¥279.2B | ¥309.2B | ¥263.0B | ¥246.1B |
| Net Income (owners) | ¥223.8B | ¥228.8B | ¥192.9B | ¥180.3B |
| Minority Interest | ¥8.9B | ¥8.1B | ¥5.9B | ¥5.0B |
| Comprehensive Income | ¥-938.1B | ¥2,285.9B | ¥-26.3B | ¥751.8B |
| EBITDA | ¥490.1B | ¥485.3B | ¥427.7B | ¥382.8B |
| EPS | ¥744.75 | ¥736.86 | ¥621.17 | ¥580.73 |
| Shares Outstanding | 301.4M | 310.5M | 310.5M | 310.5M |
| Shares Issued (total) | 325.8M | 325.8M | 325.8M | 325.8M |
| Treasury Shares | 24.4M | 15.4M | 15.4M | 15.4M |
| Metric |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥11,187.1B | ¥11,078.5B | ¥7,821.2B | ¥7,627.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥8,217.5B | ¥3,129.5B | ¥2,677.0B | ¥2,255.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥495.8B | ¥496.8B | ¥202.7B | ¥247.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥2,969.7B | ¥7,948.9B | ¥5,144.2B | ¥5,371.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥1,729.3B | ¥1,448.3B | ¥1,237.5B | ¥1,134.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | ¥273.1B | ¥267.7B | ¥231.6B | ¥191.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥57.3B | ¥51.6B | ¥38.0B | ¥39.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥4,336.5B | ¥4,925.1B | ¥3,885.8B | ¥3,605.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥2,663.0B | ¥1,639.2B | ¥1,517.1B | ¥1,372.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥705.9B | ¥424.5B | ¥519.7B | ¥468.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥1,673.6B | ¥3,285.9B | ¥2,368.7B | ¥2,232.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥1,125.2B | ¥1,281.8B | ¥1,179.4B | ¥922.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥1,235.3B | ¥1,730.2B | ¥953.0B | ¥1,078.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥6,850.6B | ¥6,153.4B | ¥3,935.4B | ¥4,022.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥99.5B | ¥99.6B | ¥101.2B | ¥102.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥2,376.9B | ¥1,990.2B | ¥1,652.6B | ¥1,514.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-168.4B | ¥-59.4B | ¥-59.3B | ¥-59.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥2,699.1B | ¥3,934.9B | ¥2,062.4B | ¥2,290.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥6,771.7B | ¥6,045.8B | ¥3,837.4B | ¥3,928.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥110.6B | ¥107.6B | ¥98.0B | ¥93.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥1,831.1B | ¥1,706.3B | ¥1,699.1B | ¥1,390.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-1,335.3B | ¥-1,209.4B | ¥-1,496.4B | ¥-1,143.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥3,880.9B | ¥-1,795.6B | ¥-1,208.8B | ¥-1,349.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥12,876 | ¥-5,783 | ¥-3,893 | ¥-4,346 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥22,468 | ¥19,472 | ¥12,360 | ¥12,653 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Operating CF | ¥398.8B | ¥443.6B | ¥195.0B | ¥321.1B |
| D&A | ¥353.1B | ¥284.9B | ¥257.8B | ¥223.7B |
| Investing CF | ¥-197.1B | ¥47.9B | ¥-427.6B | ¥-229.8B |
| CapEx | ¥204.9B | ¥348.9B | ¥290.0B | ¥237.4B |
| Purchase Investments | ¥-4.6B | ¥-9.2B | ¥-1.6B | ¥-1.4B |
| Financing CF | ¥-81.5B | ¥-209.5B | ¥183.7B | ¥-92.1B |
| Free Cash Flow | ¥193.9B | ¥94.7B | ¥-95.0B | ¥83.7B |
| Net Change in Cash | ¥-118.4B | ¥294.1B | ¥-44.4B | ¥8.8B |
| Metric |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| ROE | 3.4% | 4.5% | 4.8% | 4.5% |
| ROA | 2.0% | 2.4% | 2.5% | 2.4% |
| EPS | ¥744.75 | ¥736.86 | ¥621.17 | ¥580.73 |
| DPS | ¥0.00 | ¥240.00 | ¥190.00 | ¥170.00 |
| BPS | ¥22,537.25 | — | — | — |
| FCF/Share | ¥643 | ¥305 | ¥-306 | ¥270 |
| NCAV/Share | ¥12,876 | ¥-5,783 | ¥-3,893 | ¥-4,346 |
| Payout Ratio | 0.0% | 32.6% | 30.6% | 29.3% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 19
| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
TOYOTA MOTOR CORPORATION
トヨタ自動車株式会社
|
74,100 | 24.59% |
| 2 |
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行株式会社(信託口)
|
28,717 | 9.53% |
| 3 | トヨタ不動産株式会社 | 16,291 | 5.41% |
| 4 |
TOYOTA TSUSHO CORPORATION
豊田通商株式会社
|
15,294 | 5.07% |
| 5 |
DENSO CORPORATION
株式会社デンソー
|
14,823 | 4.92% |
| 6 |
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行(信託口)
|
10,191 | 3.38% |
| 7 | 日本生命保険相互会社(常任代理人 日本マスタートラスト信託銀行株式会社) | 6,580 | 2.18% |
| 8 |
AISIN CORPORATION
株式会社アイシン
|
6,578 | 2.18% |
| 9 |
STATE STREET BANK AND TRUST COMPANY
STATE STREET BANK AND TRUST COMPANY 505001(常任代理人 株式会社みずほ銀行決済営業部)
|
5,001 | 1.66% |
| 10 | あいおいニッセイ同和損害保険株式会社(常任代理人 日本マスタートラスト信託銀行株式会社) | 3,922 | 1.30% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
12.9%
+1.2% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
1.7%
+0.5% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
45.6%
-4.2% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 60.2% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| TOYOTA MOTOR CORPORATION トヨタ自動車 | 24.67% | 24.67% | 24.59% -0.08% | |
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 7.96% | 8.65% | 9.53% +0.88% | |
| トヨタ不動産 | 5.25% | 5.25% | 5.41% +0.16% | |
| TOYOTA TSUSHO CORPORATION 豊田通商 | 4.93% | 4.93% | 5.07% +0.14% | |
| DENSO CORPORATION 式会社デンソー | 9.55% | 9.55% | 4.92% -4.63% | |
| Japan Custody Bank 日本カストディ銀行 | 3.28% | 3.05% | 3.38% +0.33% | |
| AISIN CORPORATION 式会社アイシン | 2.12% | 2.12% | 2.18% +0.06% | |
| Nippon Life Insurance 日本生命保険 | 2.12% | 2.12% | 2.18% +0.06% | |
| State Street | 1.27% | 1.13% | 1.66% +0.53% | |
| Aioi Nissay Dowa Insurance Co. あいおいニッセイ同和損害保険 | 1.58% | 1.26% | 1.30% +0.04% | |
| Concentration (HHI) ⓘ | 839 | 848 | 800 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥695,829M
-22% since 2023
Holdings
28
+1 new
7 exited
Trend
1 unwinding
vs 2023
| Held Company | FY2025 ¥695,829M total | FY2023 ¥892,119M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
TOYOTA TSUSHO CORPORATION
豊田通商㈱
|
294,411 |
+200.0%
↑
118,095,402
|
221,232 | 39,365,134 | M |
|
DENSO CORPORATION
㈱デンソー
|
290,809 |
+127.3%
↑
157,705,656
|
516,341 | 69,372,764 | M |
|
AISIN CORPORATION
㈱アイシン
|
37,717 |
+12.2%
↑
23,239,227
|
75,492 | 20,711,309 | M |
|
IBIDEN CO.,LTD.
イビデン㈱
|
24,817 |
6,221,500
|
32,725 | 6,221,500 | M |
|
TOYOTA BOSHOKU CORPORATION
トヨタ紡織㈱
|
15,422 |
7,756,062
|
16,574 | 7,756,062 | M |
|
AISAN INDUSTRY CO., LTD
愛三工業㈱
|
9,993 |
4,767,918
|
4,286 | 4,767,918 | M |
|
AICHI STEEL CORPORATION
愛知製鋼㈱
|
9,537 |
1,360,487
|
3,183 | 1,360,487 | M |
|
JTEKT Corporation
㈱ジェイテクト
|
4,404 |
-50.0%
↓
3,906,546
|
7,977 | 7,813,046 | M |
|
Seibu Electric & Machinery Co., Ltd.
西部電機㈱
|
2,062 |
1,106,000
|
1,766 | 1,106,000 | |
|
SENKO Group Holdings Co.,Ltd.
センコーグループホールディングス㈱
|
1,508 |
1,000,000
|
945 | 1,000,000 | M |
|
NITTO BOSEKI CO.,LTD.
日東紡績㈱
|
1,264 |
304,000
|
612 | 304,000 | M |
|
TAIHO KOGYO CO.,LTD.
大豊工業㈱
|
847 |
1,427,400
|
906 | 1,427,400 | M |
|
FUKUYAMA TRANSPORTING CO., LTD.
福山通運㈱
|
810 |
224,255
|
805 | 224,255 | |
|
Kurashiki Spinning Co., Ltd.
倉敷紡績㈱
|
596 |
100,029
|
251 | 100,029 | M |
|
TOYODA GOSEI CO.,LTD.
豊田合成㈱
|
443 |
165,236
|
376 | 165,236 | M |
|
CHUO MALLEABLE IRON CO., LTD.
中央可鍛工業㈱
|
290 |
620,300
|
253 | 620,300 | |
|
TRINITY INDUSTRIAL CORPORATION
トリニティ工業㈱
|
233 |
200,000
|
135 | 200,000 | |
|
ITO EN,LTD.
㈱伊藤園
|
127 |
40,000
|
173 | 40,000 | |
|
Sintokogio,Ltd.
新東工業㈱
|
116 |
140,072
|
116 | 140,072 | M |
|
OKAYA&CO.,LTD.
岡谷鋼機㈱
|
89 |
+100.0%
↑
12,800
|
66 | 6,400 | |
|
MEIDENSHA CORPORATION
㈱明電舎
|
86 |
20,000
|
38 | 20,000 | M |
|
Maruzen Showa Unyu Co,.Ltd.
丸全昭和運輸㈱
|
84 |
14,000
|
45 | 14,000 | |
|
MEIKO TRANS CO.,LTD.
名港海運㈱
|
43 |
27,504
|
32 | 27,504 | |
|
Rengo Co., Ltd.
レンゴー㈱
|
39 |
50,000
|
42 | 50,000 | |
|
Misonoza Co.
㈱御園座
|
27 |
16,400
|
29 | 16,400 | |
| 伊藤園第1種優先株式 | 22 |
NEW
New
12,000
|
— | ||
|
TSUDAKOMA Corp.
津田駒工業㈱
|
17 |
46,300
|
25 | 46,300 | |
|
FINESINTER CO.,LTD.
㈱ファインシンター
|
16 |
20,600
|
21 | 20,600 | |
|
TORAY INDUSTRIES,INC.
東レ㈱
|
— |
−100%
Exit
—
|
5,434 | 7,185,000 | M |
|
Arisawa Manufacturing Co., Ltd.
㈱有沢製作所
|
— |
−100%
Exit
—
|
111 | 88,577 | |
|
TOYOBO CO.,LTD.
東洋紡㈱
|
— |
−100%
Exit
—
|
30 | 29,214 | |
|
KYOWA LEATHER CLOTH CO.,LTD
共和レザー㈱
|
— |
−100%
Exit
—
|
5 | 10,000 | |
|
Mitsubishi Shokuhin Co., Ltd.
三菱食品㈱
|
— |
−100%
Exit
—
|
1,332 | 410,000 | |
| MS ADインシュアランスグループホールディングス㈱ | — |
−100%
Exit
—
|
739 | 180,006 | M |
| ㈱伊藤園第1種優先株式 | — |
−100%
Exit
—
|
22 | 12,000 | |
| Portfolio total | 695,829 | 892,119 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding