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ANNUAL REPORT 2014

P ri nt

Presidents Message
Pre v

Overview of
Four Business Units

Special Feature

Consolidated Performance
Highlights

Management and
Corporate Information

Review of Operations

S earch

C ontents

Financial Section

P ag e

26

Investor Information
Ne x t

[1 of 3]

Consolidated Performance Highlights


Consolidated Performance (U.S. GAAP)
Millions of yen
2010

Fiscal years ended March 31


Net Revenues:
Automotive
Financial Services
All Other
Inter-Segment Elimination
Operating Income:
Automotive
Financial Services
All Other
Inter-Segment Elimination
Net Income Attributable to Toyota Motor Corporation*2
ROE
ROA
As of March 31
Total Assets
Toyota Motor Corporation Shareholders Equity
Short-Term Debt, Including Current Portion of Long-Term Debt
Long-Term Debt, less Current Portion

2011

2012

% change
2013

2014

2014 vs. 2013

18,950,973
17,197,428
1,245,407
947,615
(439,477)
147,516
(86,370)
246,927
(8,860)
(4,181)
209,456
2.1%
0.7%

18,993,688
17,337,320
1,192,205
972,252
(508,089)
468,279
85,973
358,280
35,242
(11,216)
408,183
3.9%
1.4%

18,583,653
16,994,546
1,100,324
1,048,915
(560,132)
355,627
21,683
306,438
42,062
(14,556)
283,559
2.7%
0.9%

22,064,192
20,419,100
1,170,670
1,066,461
(592,039)
1,320,888
944,704
315,820
53,616
6,748
962,163
8.5%
2.9%

25,691,911
23,781,404
1,421,047
1,151,280
(661,820)
2,292,112
1,938,778
294,891
64,270
(5,827)
1,823,119
13.7%
4.7%

+16.4
+16.5
+21.4
+8.0

+73.5
+105.2
6.6
+19.9

+89.5

30,349,287
10,359,723
5,497,997
7,015,409

29,818,166
10,332,371
5,951,836
6,449,220

30,650,965
10,550,261
5,963,269
6,042,277

35,483,317
12,148,035
6,793,956
7,337,824

41,437,473
14,469,148
7,780,483
8,546,910

+16.8
+19.1
+14.5
+16.5

ANNUAL REPORT 2014


P ri nt

Overview of
Four Business Units

Presidents Message
Pre v

Consolidated Performance
Highlights

Special Feature

Review of Operations

Management and
Corporate Information

S earch

C ontents

Financial Section

P ag e

27

Investor Information
Ne x t

[2 of 3]

Consolidated Performance Highlights


Consolidated Performance (U.S. GAAP)
Net Revenues

Operating Income /
Operating Income Ratio

Net Income Attributable to


Toyota Motor Corporation/ROE

 Operating Income
 Operating Income Ratio

 Net Income Attributable


to Toyota Motor Corporation
 ROE

( Billion)
2,500

( Billion)
30,000
25,000

(%)
10

2,000

1,500

1,000

5,000

500

20,000
15,000
10,000

FY

10 11 12 13 14

FY

10 11 12 13 14

( Billion)
2,000

P Net Revenues:

(%)
20

1,500

15

1,000

10

500

FY

25,691.9 billion ( +16.4%)

P Operating Income

2,292.1 billion (+73.5%)

P Net Income Attributable to Toyota Motor Corporation

1,823.1 billion (+89.5%)

Analysis of Operating Income


( Billion)

Operating Income +971.2

10 11 12 13 14

Note: Net Income Attributable to Toyota Motor


Corporation, equivalent to Net Income up to 2009.

R&D Expenses/Capital Expenditures


for Property, Plant and Equipment
(excluding vehicles and equipment
on operating leases)

Total Assets/ROA

Toyota Motor Corporation


Shareholders Equity/
Shareholders Equity to
Total Assets

 R&D Expenses
 Capital Expenditures for Property, Plant and Equipment

 Total Assets
 ROA

 Toyota Motor Corporation Shareholders Equity


 Shareholders Equity to Total Assets

( Billion)
1,000

( Billion)
50,000

(%)
5

( Billion)
15,000

(%)
50

800

40,000

12,000

40

600

30,000

9,000

30

400

20,000

6,000

20

200

10,000

3,000

10

FY

10 11 12 13 14

FY

10 11 12 13 14

FY

2,292.1

1,320.8

Effects of
FOREX
Rates
900.0

Cost
Reduction
Efforts
290.0

Marketing
Efforts

Increase in
Expenses,
etc.

180.0

480.0

Valuation
Gain/Losses
from Interest
Rate Swaps

51.6

Other
132.8

FY2013

FY2014

10 11 12 13 14

Operating Income by Region


( Billion)

* Figures for North America exclude valuation gains/losses from interest rate swaps.

Net Revenues by Region


( Billion)
15,000

Japan

1,510.1

North America

Europe

Asia

Other Regions

12,000

+152.7

+933.8

9,000

+19.6

91.1

576.3

6,000
188.9*

13

10 11 12 13 14

Note: Fiscal years ended March 31

10 11 12 13 14

10 11 12 13 14

10 11 12 13 14

10 11 12 13 14

14

Japan

13

14

North America

395.7

376.0

341.5*

3,000

FY

+31.7

26.4

58.2

13

14

Europe

133.7

13

14

Asia

13

42.5
14

Central and South America,


Oceania, Africa and
The Middle East

ANNUAL REPORT 2014


P ri nt

Presidents Message
Pre v

Overview of
Four Business Units

Consolidated Performance
Highlights

Special Feature

Management and
Corporate Information

Review of Operations

S earch

P ag e

C ontents

Financial Section

28

Investor Information
Ne x t

[3 of 3]

Consolidated Performance Highlights


Consolidated Vehicle Production and Sales
Thousands of units
Fiscal years ended March 31

Vehicle Production by Region:


Japan
Overseas Total
North America
Europe
Asia
Central and South America
Oceania
Africa
Consolidated Total
Vehicle Sales by Region:
Japan
Overseas Total
North America
Europe
Asia
Central and South America
Oceania
Africa
Middle East
Other
Consolidated Total

2010

2011

2012

% change
2013

2014

Vehicle Production by Region

Breakdown of Vehicle
Production by Region

 Japan  Overseas Total

 Japan  North America  Europe


 Asia  Other Regions

2014 vs. 2013

3,956
2,853
1,042
433
1,021
146
106
105
6,809

3,721
3,448
1,338
372
1,344
148
113
133
7,169

3,940
3,495
1,275
383
1,441
152
93
151
7,435

4,276
4,422
1,677
368
1,924
205
100
148
8,698

4,345
4,687
1,759
506
1,939
242
103
138
9,032

+1.6
+6.0
+4.9
+37.5
+0.8
+18.0
+3.0
6.8
+3.8

2,163
5,074
2,098
858
979
231
251
184
466
7
7,237

1,913
5,395
2,031
796
1,255
281
248
209
569
6
7,308

2,071
5,281
1,872
798
1,327
289
223
214
550
8
7,352

2,279
6,592
2,469
799
1,684
364
271
259
741
5
8,871

2,365
6,751
2,529
844
1,609
413
259
267
824
6
9,116

+3.8
+2.4
+2.4
+5.6
4.5
+13.5
4.4
+3.1
+11.2
+20.0
+2.8

(Thousands of units)
10,000
8,000

FY2014

19.5%

0
FY

48.1%

5.6%

2,000

10 11 12 13 14

Vehicle Sales by Region

Breakdown of Vehicle Sales


by Region

 Japan  Overseas Total

 Japan  North America  Europe


 Asia  Other Regions

(Thousands of units)
10,000

Consolidated Total:
9,116 thousand units

8,000

19.4%

6,000
4,000

17.7%

2,000

* There are a limited number of exceptional cases where sales are made other than
in accordance with the flowchart above.

10 11 12 13 14

25.9%

FY2014

9.3%

Customers

Toyota Retail Vehicle Sales

Toyota and Lexus Vehicle Sales

Number of vehicles produced for


wholesale by Toyotas
affiliates outside consolidation
(e.g. JV affiliates in China)

Distributors or Dealers outside consolidation

Number of vehicles produced for


wholesale by Toyota Motor Corporation
and its consolidated subsidiaries

Consolidated Vehicle Sales

Toyota- and Lexus-Brand Vehicles

21.5%

4,000

Vehicle Sales
Daihatsu- and Hino-Brand Vehicles

5.3%

6,000

FY

[Reference] Vehicle Sales


> Consolidated vehicle unit sales in Japan and overseas came to 9,116,000
in the fiscal year ended March 31, 2014, up 245,000, or 2.8%, compared
with the previous fiscal year.
> Consolidated vehicle unit sales in Japan were 2,365,000, an increase of
86,000, or 3.8%, year on year. Excluding mini-vehicles, Toyota and Lexus
vehicle unit sales (retail) was 1,648,000, up 36,000, or 2.2%, representing a
record market share of 46.7%.
> Total vehicle unit sales (retail), including the Daihatsu and Hino brands, was
also a historic high, reaching 10,133,000, a year-on-year increase of
441,000, or 4.6%.
> Consolidated Lexus vehicle unit sales came to approximately 540,000, around
44,000, or 8.8%, higher than the previous fiscal year. By geographic region,
Lexus vehicle unit sales in Japan, North America, Europe, Asia, and other were
about 48,000, 300,000, 45,000, 92,000, and 55,000, respectively.

Consolidated Total:
9,032 thousand units

27.7%

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