Notice Concerning Non-consolidated result
Toyota Industries Corporation announces the Non-consolidated result of FY2022 as follows since it has a remarkable difference compared to those of FY 2021.
1. Difference between FY2022 and FY2021 non-consolidated result
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2. Reason for the difference
Unit sales increased in the Automobile and Materials Handling Equipment segments over the previous fiscal year. Overall sales decreased, however, due to the effect of the Accounting Standard for Revenue Recognition adopted from FY2022.
Profits increased over the previous fiscal year due mainly to an increase in non-operating income arising from higher dividends income in addition to a growth in unit sales.