OREANDA-NEWS. The Toyota Industries Report 2013 was published.

In fiscal 2013, the global economy began to recover gradually overall. Despite the impact of the European debt crisis and the slowing down of the Chinese economy, the United States and Southeast Asian countries registered solid economic momentum. In Japan, although domestic demand and exports remained anemic, the announcement of new economic policies and measures served as a catalyst for correcting the yen's appreciation and a recovery in the stock market, revealing signs of brightness in certain sectors.

In this operating environment, Toyota Industries undertook efforts to ensure customer trust through its dedication to quality as well as to expand sales by responding flexibly to market trends.

As a result, total consolidated net sales amounted to JPN 1,615.2 billion, an increase of JPN 71.9 billion (5%) from fiscal 2012 Ordinary Income Ordinary income amounted to JPN 86.8 billion, an increase of JPN 6.0 billion (7%) from fiscal 2012. This was due mainly to operating income of JPN 77.0 billion, an increase of JPN 7.0 billion (10%) from fiscal 2012.

Income before income taxes and minority interests amounted to JPN 80.1 billion, a decrease of JPN 5.3 billion (6%) from fiscal 2012. This was due to extraordinary loss of JPN 6.7 billion, arising from a loss on liquidation of TIBC Corporation.

Net income totaled JPN 53.1 billion, a decrease of JPN 5.4 billion (9%) from fiscal 2012. Net income per share was JPN 170.36 compared with JPN 188.02 in fiscal 2012