Toyota Industries Corporation http://www.alacrastore.com/company-snapshot/Toyota_Industries_Corporation-1020403 Friday, January 09, 2009 5:37:10 AM 1020403 Toyota Industries Corporation en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/bir/1198968bir/1198968normToyota Industries Corp.JapanManufacturing: Manufacture and sale of textile machinery, industrial vehicles, cars, car airconditioning compressors and engines.3552346535373672371137143332923339243344123361113363703363999IMTYIDF8/26/2008 6:21:00 AM1198968Company Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/storecontent/spcred/646157spcred/646157normThe latest Full Report from S&Pglobal5/3/2008 2:38:47 AM400Full Report646157JapanAuto Parts & EquipmentAsiaGlobal IssuersCorporationsCapital GoodsAutomotiveFull ReportSubstantial benefits from close business, capital, and personnel ties with Toyota Motor Corp. (AAA/Stable/A-1+); Extremely high strategic importance to Toyota, acting essentially as the share-holding company of Toyota group, and providing important auto components and assembly work to Toyota Motor; High global competitiveness in forklifts; and Strong asset quality, with its securities investment portfolio mainly comprised of stocks of Toyota Motor and Denso Corp. (AA+/Stable/A-1+), accounting for about 60% of total assets. Difficult operating environment, including maturing markets, downward pressure on product prices from customers, and higher material costs; Relatively low cash flow protection and a weak capital structure for the current rating. The ratings on Toyota Industries Corp. reflect benefits from the company's close relationship with Toyota Motor, itsJPN25101010 251010 2510 25Toyota Industries Corp.368124ASIA6201@JPFULLGLOBISSCORPCapitalAutomotiveCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/646158spcred/646158normThe latest Summary from S&Pglobal5/3/2008 2:38:00 AM175Summary646158JapanAuto Parts & EquipmentAsiaGlobal IssuersCorporationsAutomotiveCapital GoodsSummaryThe ratings on Toyota Industries Corp. reflect benefits from the company's close relationship with Toyota Motor, its strategic importance to Toyota Motor, and the expectation that the company will maintain a sound financial profile. These strengths are partially offset by difficult industry fundamentals surrounding auto suppliers. Toyota Industries enjoys a variety of benefits from its close ties with Toyota Motor and its group companies. The company generates relatively stable and predictable earnings from business with Toyota Motor and Denso Corp., which together account for over 40% of its consolidated sales. Toyota Industries also benefits from economies of scale from Toyota Motors' large production volume, and opportunities to enhance its technology, product quality, and cost competitiveness through joint development and cost-cuttingJPN25101010 251010 2510 25Toyota Industries Corp.368124ASIA6201@JPSUMMARYGLOBISSCORPAutomotiveCapitalCredit & Investment ResearchS&P Credit Research