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The Textile Magazine
MAY 2012
Toyota Industries Group
all set to realise Vision 2020
In fiscal 2012 (ended March 31,
2012), the global economy began to
recover gradually as certain Asian
countries, especially China, witnessed
an economic recovery and the US ap-
pears to have bottomed out. Despite the
aftermath of the effects of the Japanese
earthquake and the sharp appreciation
of the yen, the Japanese economy also
showed signs of an upturn due to such
factors as the stabilization of personnel
consumption and private sector capital
investment.
In this operating environment, Toyo-
ta Industries Corporation and its group
companies took efforts to strengthen
the management platform by ensuring
customer trust through dedication to
quality as well as responding quickly
and flexibly to the recovery trend and expansion of
sales. In addition, Toyota Industries strove to mini-
mize the impact on production due to the earthquake
in Japan and the flooding in Thailand by carrying out
flexible shift operations.
As a result, total consolidated net sales amounted
to 1,543.3 billion yen, an increase of 63.5 billion yen,
or four per cent, from fiscal 2011 (ended March 31,
2011). Here is a review of operations for the major
business segments. Net sales of the textile machinery
segment totalled 38.5 billion yen, a decrease of 4.2
billion yen, or 10 per cent. This was due mainly to a
decrease in sales of air-jet looms in China. In February
2012, Toyota Industries purchased the shares of Uster
Technologies AG and made it into a subsidiary for the
purpose of strengthening the business segment.
In fiscal 2013, ending March 31, 2013, although
the global economy is projected to gradually recover,
uncertainties remain with regard to credit contraction,
further deterioration in the employment situation and
fluctuations in raw material prices such as crude oil, as
well as concerns about exchange rate fluctuations. The
operating environment in Japan is expected to remain
severe.
Toyota Industries forecasts consolidated net sales of
1,650 billion yen, operating income of 85 billion yen,
ordinary income of 93 billion yen and net income of 59
billion yen.
With reference to medium to long-term management
strategies, Toyota Industries will continue to undertake
Strategic thrust on energy saving, ecology
Mr. Tetsuro Toyoda, President, Toyota Industries Group
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