financialsummary · 2019. 3. 27. · “customer first”and“genchigenbutsu.”and,through...
TRANSCRIPT
FINANCIALSUMMARY
FY2010 (Apri11,2009throughMarch31,2010)
EnglishtranslatjonfromtheonglnalJapanese-Ianguagedocument
TOYOTA MOTOR CORPORATlON
CautionaryStatement
Consolidated financialinformationin this reportis preparedin accordance with accounting prlnCIPles
genera”yacceptedinthe United StatesofAmerica.Certain pr10ryearamOuntS have been reclassifiedto
COnformtothepresentationsfortheyearendedMarch31,2010.
FY2010Con$Olidated FinancialRe$ult$
(Consolidatedfinancialinformationhasbeenpreparedinaccordancewithaccountingpr]nCiplesgenera”yacceptedintheUnitedStatesofAmerica) ”EN臼ERSH■P EngLishtranslationfromtheongInalJapanese-Ianguagedocument
Mayll,2010
:ToyotaHobrCorpora朋On
:Tokyo,Osaka,Nagoya,SapporoandFukuokaStockExchangesinJapan
:7203
:httD://www,tOVOta.CO,iD
:AkioToyoda,President
:NaokiKojima,GeneraIManager,AccountingDIVision Tel.(0565)28-2121
:山ne24,2010
:June25,2010
:June25,2010
(Amounts are rounded to the nearest mi”ion yen for consolidated resu他)
Companyname
StockexchangesonwhichthesharesareListed
Code number
URL
Representative
Contactperson
Dateoftheordinarygeneralshareholders’meeting
Paymentdateofcashdividends
Filingdateoffinancialstatements
1・ConsolidatedResultsforFY2010(Apri11,2009throughlVlarch31,2010) (1)ConsoIidatedfinancialresuJts (%ofchangefrompreviousyear)
lncomebeforeincometaxes Netrevenues Operatingincome andequityineamingsof
Netincomeattributableto
afRliatedcompanies Toyota Motor Corporation
Millionyen % Million yen % Mi川0nyen % Mi”ionyen % FY2010 18,950,973 -7.7 147,516 2gl,468 209,456 FY2009 20,529,570 -21.9 ■61,011 -560,381 ■36,937
Netincomeattributable tolt)yOtaMotor Netincomeattributable tolbyotaMotor Ratioofnetincome attributabletolbyota Ratioofincomebefore
MotorCorporationto incometaxesand
Ratio of operating income equityineamingsof to net revenues
lbyotaMotorCorT)Oration $hareholde怜’equitY tototalassets
Y岳∩ Yen % % % FY2010 66.79 66.79 2.1 1.0 0.8 FY2009 -139.13 -139.13 -4.0 -1.8 -2.2
Reference:Equityineamingsofafflliatedcompanies:FY2010 45,408mi”ionyen,FY2009 42,724mi”ionyen (Note)“NetincomeattributabletoToyotaMotorCorporation”isequivalentto“Netincome”uptoFY2009
(2)ConsoIidatedfinancjalposition
Ratio of lbyotaMotorCorporation lbyotaMotorCorporation
lbtala$SetS SharehoIders’equity lbyotaMotorCorporation Shareholders’equity
SharehoIders’equity Pe「Sha「e
Millionyen Millionyen Millionyen % Y岳∩
FY2010 30,349,287 10,930,443 10,359,723 34.1 3,303.49 FY2009 29,062,037 10,600,737 10,061,207 34.6 3,208.41
2.Ca§hdividonds
Cashdividendspershare 「bblamountof
End of End of End of cash dividends ratio Of 罰椅t SeCOnd third Ⅵ≧ar-end Annual Moto「Co「PO「
qua止er qua「ter qua止e「 (annual)
(∝InSOlidated)
\侮∩ 俺∩ \ね∩ Y岳∩ Y岳∩ MilltonY岳∩ % %
FY2009 65.00 35.00 100.00 313,551 2.9
FY2010 20.00 25.00 45.00 141 ,120 67.4 1.4
FY2011(forecast) 十 磯済 銅
3・Foroca$tOfco帖01idabdresulbforF▼2011(Apri11,2010throu!lhHa化h31,2011) (%ofchangefromFY2010FirstHalforFY2010)
lncomebeforeincometaxes NetincomeattributabIe
Net「evenues Operatingincome to Toyota Motor
andequityineamingsof afRliatedcomanies encomearuaeo lbyotaMotorCorporation Corporationpershare p
-Basic Millionyen % M皿0nyen % Millionyen % Mi=0nyen % Y岳∩
FY2011FirstHalf (fo「thesixmon仙$ endi咽Se印embe「 9,400,000 12.2 100,000 130,000 150,000 47.83
30,2010)
FY2011 19,200,000 1.3 280,000 8g.8 330,000 13.2 310,000 48.0 98.85
4.Others (1)ChangesiワSigniRcantsubsidiahesdu血gFY2010
(ChangeslnSPeCifiedsubsidiarleSthatcausedachangeinthescopeofconsolidation):yeS New: None ExcJuded:1company(Companyname:XTMCALtd.) Note:Formoredetails,Pleaseseepage7“2.0verviewofAssociatedCompanies”.
(2)Changesinaccountingprinciples,PrOCedures・anddisc10SUreSduringFY2010 (i)ChangesbyanewlylSSuedaccountingpronouncement:yeS (ii)Changesotherthan(2)-(i)above:nOne Note:Formoredetails,Pleaseseepage16“(6)Summaryofsignificantaccountingpolicies”.
(3)Numberofsharesissソedandoutstanding(COmmOnStOCk) (i)NumberofsharesISSUedandoutstandingattheendofeachfiscalyear(incIudingtreasurystock):FY2010 3,447,997,492shares,
FY2009 3,447,997,492shares (ii)Numberoftreasurystockattheendofeachfiscalyear:FY2010 312,002,149shares,
FY2009 312,115,017shares (iii)Averagenumberofsharesissuedandoutstandjn9ineach而scaryear:FY2010 3,135,986.228shares,
FY2009 3,14O,417,338shares
ReIerenco:Ovonバewo†thoUncon$01idさtOd FinさnCialRo§ulb
FY2010UnconsoIidated FinancialResults
(UnconsolidatednnanclaIinformationhasbeenprepa「edin??00rdancewitha∝Ountingprinc.p(esgene「a”yacceptedinJapan) EnglishtranslationfromtheongLnaIJapanese-1anguagedocument
(Amountslessthanonemi”ionyenareomittedforunconsolidatedresuIts)
1. Uncon$OlidatedresLJltsforFY2010(Apri11,2009throughNarch31,2010)
Netincomepershare Net income per share -Basic ーDiluted
俺∩ Yen FY2010 8.35 8.35 FY2009 18.04 18.04
Reference:EquityattheendofFY2010:6.628,542mi”ionyen,EquityattheendofFY2009:6,644,861millionyen
2. Forecastofunco帽01ida也dro$ul伝ゎrFr2011(Apri11,2010throughMさrCh31,2011) (%ofchanqefromFY2010FirstHarforFY2010)
Netincomepershare Netrevenues Ope「atingin∝〉me O「dinaけlnCOme Netinc8me
ーBasic
Mi”ionyen % Million yen % M川ionyen % Mt=0nyen % Y岳n
FY2011FirstHalf (fo「thesixmo鵬hs OndingSo印Ombor 30.2010)
FY2011 8,600,000 0.0 -340,000 30,000 60,000 129.1 19.13
CautionaryStatenentwithRespecttoForward-L00kingStatements
TTlisreportcontainsforward-100kingstatementsthatreflectlbyota’sforecastsforconsolidatedandunconsoIidatedresurts.Theseforward-100kingstatements are not guarantees offuture pe什ormance andinvoIve known and unknown risks,unCerlainties and otherfactors that may causelbyota’s actualresults, PerforTTlanCe,aChievementsorfinancialpositiontobemateriallydi斤erentfromanyfutureresults.performance.achievementsorlhanclalpositionexpressedor impliedbytheseforward-Iookingstatements・ThesefactorsincIude:(i)changesineconomjcconditionsandmarketdemanda馳ctingT
.
rates,ParticularlywjthrespecttothevalueoftheJapaneseyen,theU.S.dollar,theEuro,theAustraliando”ar,theCanadiando”arandtheBnishpound;(iii) Changesinfundingenvironmentinfinancialmartets;(iv)Toyota’sabilitytoreaIizeproductionefficjencjesandtoimplementcapitalexpendituresatthelevelsand times planned by management;(V)changesin thelaws,regulations and govemment policiesin the marketsin whichlt)yOta OPerateS that a鴨Ctlbyota’s autOmOtiveoperations・ParticulaHylawヲ・regUlationsandgovemmentpoliciesrelatingtovehiclesafetyincIudingremedialmeasヮressuchasreca”s・trade・ environmentalprotection,VehicJeemiss10nSandvehiclefueleconomy,aSWe”aschangesinlaws.regulationsandgovemmentpolicleSthata侮ctToyota’sother OPerations,includingtheoutcomeofcurrentandfuturelitigationandotherlegalproceedings,gOVemmentPrOCeedingsandinvestigations;(Vi)politiGalinstability inthemarketsinwhichlbyotaoperates;(Vii)lbyota-sabilitytotimelydeveIopandachievemarketacceptanceofnewproductsthatmeetcustomerdemand;(Viii) anydamagetolt>yOta’sbrandimage;and(ix)fuelshortagesorintenJPtionsintransportatioワSyStemS,Iaborsthkes・WOrkstoppagesorotherinterruptionsto,Or difficuItiesin,theempIoymentofJaborinthe majormarketswherelbyotapurchasesmatenals,COmPOnentSandsuppliesfortheproduction ofitsproducts or Whereitsproductsareproduced,distributedorsoId.
Adiscussion ofthese and otherfactorswhich mayafFectlt)yOtaTsactuaIresults,Performance,aChievementsorfinancialpositioniscontainedinToyota’s annualrepo止OnForm20・Fwhichison刑ewiththeUnitedStatesSecuhtiesandE3(ChangeCommission.
Consolidated面1anCjaIinforTnationin this reportis preparedin accordancewith accounting principles genera”yacceptedin the United States ofAmerica. CertainpnoryearamountshavebeenreclassifiedtoconformtothepresentationsfortheyearendedMarch31,2010,
2
TOYOTAMOTORCORPOR八丁10N FY2010FinancialSummary (Consolidatedfinancialinformationhasbeenpreparedinaccordancewithaccountingprinciplesgenera”yacceptedintheUnitedStatesofAmerica)
Segment Operating Results
(i)Automotive:
Net revenuesforthe automotive operations decreased byl,367.3billion yen,Or7.4%,tO 17,197.4bi”ion yenin FY2010compared with FY2009.However,OPerating ross decreased by 308.5bi”ionyento86.3billionyeninFY2010comparedwithFY2009.Thedecreaseinoperating 10SSWaS mainlydueto cost reductione仇〉rtSand reductionin fixed costs,despitedecreasesin bothproductionvolumeandvehicleunitsales,andtheeffectsofchangesinexchangerates.
(ii)Financialservices:
Netrevenuesforthefinancialservicesoperationsdecreasedby132.1bi”ionyen,Or9.6%,tO l,245.4billion yenin FY2010comparedwith FY2009.However,OPeratingInCOmeincreased by 318.9bi”ionyento246.9bi”ionyeninFY2010comparedwithFY2009.Thejncreaseinoperating income was mainly due to decreasesin the provision for credit10SSeS,net Charge-0仔s and a”owance forresidualvalue10SSeS and the recording ofvaluation galnS Oninterest rate swaps Statedatfairvaluebysalesfinancesubsidiaries.
(iii)Al10ther:
Net revenuesfora”otherbusinesses decreased by237.3bi”ion yen,Or20.0%,tO947.6 bi”ionyeninFY2010comparedwithFY2009,andoperatinglnCOmedecreasedby18.8bi”ionyen, toanoperatinglossof8.9billionyeninFY2010comparedwithFY2009.
Geographiclnformation
(i)」apan:
Net revenuesinJapan decreased by966.4bi”ion yen,Or7.9%,tOll,220.3billion yenin FY2010comparedwith FY2009.However,OPerating10SSdecreased by12,3bi”ionyento225.2 bi”ionyeninFY2010comparedwithFY2009.Thedecreaseinoperating10SSWaSmainlydueto COStreductioneffortsandreductioninfixedcosts,despitetheeffectsofchangesinexchangerates anddecreasesinbothproductionvolumeandvehicleexpo止S.
(ii)NorthAmerica:
Netrevenuesin NorthAmericadecreased by552.4bi”ion yen,Or8,9%,tO5,670.5billion yeninFY2010comparedwithFY2009.However,OPeratinglnCOmeincreasedby475.6bi”ionyen to85.4billion yenin FY2010compared with FY2009.Theincreasein operatinglnCOme WaS mainJy due to decreasesin the provision for credit10SSeS,net Charge-0斤s and a”owance for residuaJvalueJosses andthe recording ofvaluation galnS Oninterest rate swaps stated atfair VaIuebysaJesfinancesubsidiaries,reductioninfixedcosts,andcostreductionefForts.
(iii)Europe:
Netrevenuesin Europedecreased by866.1bi”ionyen,Or28.7%,tO2,147.Obi”ionyenin FY2010comparedwith FY2009.However,OPerating10SSdecreased byllO.3bi”ionyento33.O bi”ionyeninFY2010comparedwithFY2009.Thedecreaseinoperating10SSWaSmainlydueto reductioninfixed costsand costreduction e斤orts,despitedecreasesin both production vo[ume andvehicIeunitsales.
(iv)Asia:
NetrevenuesinAsiadecreasedby64.Obillionyen,Or2.4%,tO2,655.4billionyeninFY2010 COmParedwith FY2009,However,OPeratinglnCOmeincreased by27.5bi”ion yen,Or15.6%,tO 203.6billion yenin FY2010compared with FY2009.Theincreasein operatinglnCOme WaS mainIyduetoincreasesinbothproductionvolumeandvehicleunitsales,
(V)Other(CentralandSouthAmeri?a・OceaniaandAfrica):
Net revenuesin otherreg10nSdecreased by209,1bi”ion yen,Orll.1%,tOl,673.8bi”ion yeninFY2010comparedwithFY2009.However,OPeratinglnCOmeincreasedby27.9bi”ionyen, Or31.9%,tOl15.5billionyeninFY2010comparedwithFY2009.
4
TOY011MOTORCORPORATION FY2010FinancialSummary (ConsolidatedfinanciaIinformationhasbeenpreparedjnaccordancewithaccountingprinciplesgenerallyacceptedjntheUnitedStatesofAmerica)
(2)ConsolidatedFinancialPositionforFY2010
Cashf10WSfrom operatingactivitiesresultedinanincreaseincash by2,558.5bi”ionyenin FY2010.Net cash provided by operating activitiesincreased byl,081.6billion yen froml,476.9 bi”ionyeninFY2009.Cashf10WSfrominvestingactivitiesresultedinadecreaseincashby2,850.1 bi”ion yenin FY2010.Netcash used jninvesting activitiesdecreased byl,619.9billion yenfrom l,230.2bi”ionyeninFY2009.Cashf10WSfromfinancIngaCtivitiesresultedinadecreaseincashby 277.9bi”ionyeninFY2010.NetcashprovidedbyfinanclngaCtivitiesdecreasedby976.7billionyen from698.8bi”ionyeninFY2009.Aftertakingintoaccountthee什ectofchangesinexchangerates, CaShandcashequlValentsdecreasedby578.5bi”ionyen,Or23.7%,tOl,865.7biIlionyenattheend OfFY2010comparedwiththeendofFY2009,
Regarding the consolidated cash fIows by segment for FY2010,in non-financialservices business,netCaShprovidedbyoperatingactivitieswasl,842.2billionyen.netcashusedininvesting activities was2,139.O bi”ion yen and net cash usedin financlng aCtivities was16.6bi”ion yen. Meanwhile,in thefinancialservices busjness.netcash provided byoperating activitieswas814.8 bi”ionyen,netCaShusedinjnvestingactivitieswas626.6bi”ionyenandnetcashusedinfinanclng activitieswas444.3billionyen.
(3)BasicPolicyontheDistributionofProfitsandtheDistributionofProfitsforFY2010
1byotaMotorCorporation(‘‘TMC”)deemsthebenefitofitsshareholdersasoneofitspriority management policies,anditis working toimprove corporate structure towards the realization of SuStainablegrowthinordertoenhanceitscorporatevalue.
TMCwi”strivetocontinuetopaydividendswhileglVlngdueconsiderationtofactorssuchas businessresultsforeachterm,investmentplansanditscashreserves.
ln order to survive stiff competition,TMC plans to utilizeitsinternalfunds for the early COmmerCialization oftechno10gleSfo「the next-generation environmentand safety,glVlng Pr10rityto CuStOmerSafetyandsenseofsecurity.
Consideringthesefactors,WithrespecttothedividendsforFY2010,TMCplanstoproposea year-enddividendof25yenpershare,andanannualdividendof45yenpershare.combinedwith theinterimdividendof20yenpershare.
TMC pays dividendstwice a year-aninterim dividend and a year-end dividend-.andin Orderto secure an opportunityto directlyseekshareholders’opinions,TMCwi”treat paymentsof year-enddividendsasama恍ertoberesoIvedatthelO6thOrdinaryGenera[Shareholders’Meeting, even though TMC’s articles ofincorporation stipulate that retained earnlngS Can be distributed as dividendspursuanttotheresolutionoftheboardofdirectors.
ln FY2010.TMCdid notrepurchaseitsownshares,eXCIudingsharesconstitutinglessthan OneunitthatwerepurchasedbyTMCuponrequest.
Goingforward,inviewoftheunce「tainconditionoftheg10balfinancia.markets,TMCwillnot repurchaseitsownsharesforthetimebeingtoprioritizesecunngitscashreserves,
TOY011MOTORCORPORATlON FY2010FinancialSummary (ConsolidatedfinanciaIinformationhasbeenpreparedinaccordancewithaccountingprinciplesgeneraJlyacceptedintheUnitedStatesofAmerica)
(4)ForecastofConsolidatedFinancialResuItsforFY2011
As for our future business environment,the economyln Asiais expected to recover, Particularlyin China,and the economyln developed markets are expected to gradua”y pick up, However,COnCernSforeconomicdownturn,SuChascreditcrunchesinfinancialmarkets,decreaslng emp10yment rateS andincreaslng raW materialprices,WillstiIIremain.TheJapanese economyis expected to continue to recover backed by recoverJng eCOnOmjes overseas and the e斤ects of emergency economic measures・However,COnCernS remain owlng tO the possibility of economic downturn overseas and defIationaryeffectsin addition to diqicultemp10ymentSituations.Whilethe automotivemarketisexpectedtoexpandoverthemedium-tO10ng-termPa止icularlylnreSOurCe-rich COuntriesandemerglngCOUntries,COmPetitionintheautomotivemarketisintenseg10ba”y,aSShown in the fierce competition with respect to compact cars andIow-Price cars,and the accelerationin deveIopment oftechno10gleS andintroduction of new products while environmentaIawarenessis growlngthroughouttheworld.
Underthesecircumstances,thecurrentforecastofconsolidatedfinancialresultsforthe next fiscalyearendingMarch31,2011issetforthbeIow.Thisforecastassumesaverageexchangerates throughthefiscalyearof90yenperUS$1and125yenperlEuro.
Forecastofconsolidated resurtsforFY2011
19,200・Obillionyen(an .
330.Obi”ionyen(anincreaseof13,2%comparedwithFY2010)
310.Obillionyen(anincreaseof48.0%comparedwithFY2010)
Net revenues Operating income lncome before income taxes andequityinearnlngSOf affiliated companies
Netincomeattributableto ToyotaMotorCorporation
These forward-Iooking statements are not guarantees of future performance andinvoIve known and unknown risks,unCertainties and otherfactors that may causelbyota’s actuaJresults, Performance,aChievements orfinancialposition to be materia”y different from any future results, Performance,aChievements or financialposition expressed orimplied by these forward-100king StatementS.
When uslng the forecastoffinancialresults,Please refertothe Cautionary Statementwith RespecttoForward-LookingStatementsonpage2.
6
TOY01AMOTORCORPORATION FY2010FinancialSummary (ConsolidatedfinanciaIinformationhasbeenpreparedinaccordancewithaccountingprincipIesgeneralIyacceptedintheUnitedStatesofAmerica)
2.OverviewofAssociatedCompanies
“Overview ofAssociated Companies”has been omitted,aS there were no sIgnificant changes fromthe“OrganizationaIStructure(DescriptionofBusiness)”orthe“OverviewofAssociatedCompanies” inthemostrecentSecuritiesReportissuedinJapan(filedonJune24,2009).
XTMCALtd.,Whichwasaspecifiedsubsidiary,hasbeenliquidatedonOctober13,2009.
TOYOTAMOTORCORPOR〝「ION FY2010FinancialSummary (ConsoIidatedfinancialinformationhasbeenpreparedinaccordancewithaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmerica)
3.ManagementP01icy
(1)Tbyota’sBasicManagementPolicy
“Management PoIicy”has been omitted,aS there were no significant changes from the mauersdiscIosedinthe“Financia[Summary”forthefiscalyearendedMarch31,2007(releasedon May9,2007).
Theaforementionedinformationisavailableonthefo”owlngWebsites. 1byotaWebsite: httD://WWW.tOVOta.CO.iD
TbkyoStockExchangeGroup,lnc.Website(listedcompanysearchpage): httD://冊〟.tSe.Or.iD/listinq/COmDSearCMndex.html(Japaneseonly)
(2)Medium-andLong-termManagementStrategy
Theautomotive marketisexpectedto undergoslgnificantchangesin thefuture.Thelbyota Groupasawholewi”makeanevengreatere斤orttoaddressthefo”owlng,lnOrdertorespondtothe ChanglngenVironmentandrealizefunherdeve10Pment.
First,by revisiting our fundamentaIprInCIPle of“Customer First,”al10f our executives and
employeesinJapan and overseaswill“humbly”listen to the opln10nS and demands ofcustomers,
Prioritizesafetyandqualityofvehicles,andstrive“tomanufacturesafeandsecureautomobiles.’’ Second,Weintendtomanufactureproducts,glVlngtheforemostp「10ritytocustomersafetyand
SenSe Ofsecurity andfocuslng On P「lCe and design from the customers’perspective,including the
designlngOfadeve10PmentPrOCeSSthatensuresproductsafetyandquality,andbuildingofaproduct lineupthatmeetsthedemandsofcustomersineachreg10n,includingemerglngCOuntries.lnaddition, Weintend to pursue reg10nalstrategleS Suited to ourcapability and appreciated by customers and reg.onaIsocieties.
Third,WeWillpromoteR&Donenvironmentalandenergytechno10gyfornext-generationthat COntributestothedeveIopmentofsociety.ExampIesincludedeve10Plnga10W-COSthybridsystemfor itswidespreaduse,andpromotingthebusinessstrategleStOeXPandthebusinessofe[ectricvehicles
andp[ug-inhybridvehicles.
Founh,We WiJJpromote human resources development to support completeness and Self-reIianceineachreg10nandcontinuetopursue“goodautomobilemanufacturing.”
Fi肘l,WeWillestablishasustainableandstableprofitstructurethroughthesebusinessreforms andhumanresourcesdeve10Pmentunderthecha”engIngbusinessenvironment.
Through these efForts,lbyotais working to enhanceits corporate value by revisiting the Company’sfounding mission of“Contributingto$OCietythroughautomobile manufacturing,”and by making every effort to provide“good products at afFordable prices”based on the principles of “Customer First”and“GenchiGenbutsu.”And,through fu「ther enhancement of corporate transparencyand fu”observance ofcorporateethics such as compliancewith applicablelaws and regulations,lbyota willfulfi”its socialresponsibiIities by carrylng Outits Corporate Social Responsibility(CSR).
8
TOYOTAMOTORCORPORAT10N FY2010FinancialSumma「y (Consoridatedfinancialinformationhasbeenpreparedinaccordancewithaccountingprinciplesgenera”yacceptedintheUnitedStatesofAmerica)
4.Consolidated ProductionandSales
(1)Production
FY2009 FY2010
Businesssegment (Apri11,2008through (Apri11,2009through lncrease
March31,2009) Ma「ch31,2010) (Decrease)
」apan 4,254.984 3,956,996 (297,g88)
NorthAmerica 919,125 1,041,833 122,708
Europe 481,512 432,626 (48,886) Automotive
Asia 946,806 1,021,019 74,213
Othe「 448,605 356,966 (91,639)
Total 7,051,032 6,809,440 (241,592)
Other Houslng 4,856 4,727 (129)
Note:1Productionin“Automotive”indicatesproductionunitsofvehicles(new).
2“Other”in“AutomotivePconsistsofCentraIandSouthAmerica,OceaniaandAfrica.
(2)Sales(bydestination)
(Units)
FY2009 FY2010
(ApriIl.2008through (ApriIl,2009through lnc「ease
Businesssegment March31.2009) March31,2010)
(Decrease)
」apan 1,944,823 2,162,418 217,595
NorthAmerica 2,212,254 2,097,374 (114,880)
Europe 1,061,954 858,390 (203,564) Automotive
Asia 904,892 979,651 74.759
Other 1,443,433 1,139,329 (304,104)
Total 7,567,356 7,237,162 (330.194)
Other Houslng 5,442 5,281 (161)
Note:1Salesin“Automotive”indicatessalesunitsofvehicIes(new).
2KOther”in“Automotive刀consistsofCentralandSouthAmerica.Oceania,AfricaandtheMiddleEast,etC.
9
TOYOTA MOTOR CORPORATlON FY2010 Financial Summary (Consolidatedfinancjalinformationhasbeenpreparedinaccordancewithaccountingprinciplesgenera”yacceptedintheUnitedStatesofAmerica)
5.Breakdownofconsolidated netrevenues
(Amount:millionyen)
FY2009 FY2010
(Apri11,2008through (Apri11,2009through lncrease
Businesssegment Ma「ch31,2009) Ma「ch31,2010)
(Decrease)
Vehicles 15,635,490 14,309,595 (1,325,895)
Pa「ts&
components for 298,176 355,273 57,097 overseas production
Automotive
Pa「ts 1,575,316 1,543,941 (31,375)
Othe「 1,041,519 978,499 (63,020)
Total 18,550,501 17,187,308 (1,363,193)
FinancialseⅣices 1,355,850 1,226,244 (12g,606)
Houslng 148,985 136,673 (12,312)
TeJecommunications 52,520 44,288 (8,232) Othe「
Other 421,714 356,460 (65,254)
Total 623,219 537,421 (85,798)
Total 20,529,570 18,950,973 (1,578,597)
Note:Theamountsrepresentnetrevenuesfromexternalcustomers.
10
TOYO11MOTORCORPORAT[ON FY2010FinancialSummary (ConsolidatedfinancialinformationhasbeenpreparedinaccordancewithaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmerica)
6.ConsoIidated FinancialStatements
(1)ConsolidatedBalanceSheets
(Amount:miIIionyen)
FY2009 FY2010 lncrease
(AsofMarch31,2009) (AsofMarch31,2010) (Decrease)
Assets
Currentassets:
CashandcashequlValents 2,444,280 1,865,746 (578,534)
Timedeposits 45,178 392,724 347,546
Marketablesecurities 495,326 1,793,165 1,297,83g
Tradeaccountsandnotesreceivab[e, lessa”owancefordoubtfulaccountsof 1,392,749 1,886,273 493,524
¥15,034miIlionasofMarch31,2009and ¥13,735miIIionasofMarch31,2010
Financereceivables,net 3,891,406 4,209,496 318,090
Otherreceivables 332,722 360,379 27,657
lnventories 1,459,394 1,422,373 (37,021)
Deferred income taxes 605,331 632,164 26,833
Prepaidexpensesandothercurrentassets 632.543 511,284 (121,259)
Totalcurrentassets 11,298,929 13,073,604 1,774,675
Noncurrentfinancereceivables,net 5,655,545 5,630,680 (24,865)
lnvestmentsandotherassets:
Marketablesecuritiesandothersecurities
investments 2,102,874 2,256,279 153,405
Afmiatedcompanies 1,826,375 1,879,320 52,945
EmpIoyeesreceivables 69,523 67,506 (2,017)
Othe「 707,110 730,997 23,887
Totalinvestmentsandotherassets 4,705,882 4,934,102 228,220
Prope什y,P[antandequipment:
Land 1,257,409 1,261,349 3,940
Buildings 3,633,954 3,693,972 60,018
Machine「yandequ.pment 9,201,093 9,298,967 97.874
VehiclesandequlPmentOnOPeratingleases 2,836,881 2,613,248 (223,633)
Constructioninprogress 263,602 226,212 (37,390)
Subtotal 17,192,939 17,093,748 (99,191)
Less-Accumulateddepreciation (9,791,258) (10,382,847) (591,589)
Totalprope什y,Plantandequipment,net 7,401,681 6,710,901 (690,780)
Totalassets 29,062,037 30,349,287 1,287,250
11
TOYOTAMOTORCORPORAT10N FY2010FinancialSummary (ConsolidatedfinancialinformationhasbeenpreparedinaccordancewithaccountingprincipIesgeneraIlyacceptedintheUnitedStatesofAmerica)
(Amount:mi”ionyen)
FY2009 FY2010 Increase
(AsofMarch31,2009) (AsofMarch31,2010) (Decrease)
Liabilities
Currentliabilities:
Short-termborrowlngS 3,617,672 3,279,673 (337,999)
Currentportionof10ng-termdebt 2,699,512 2,218,324 (481,188)
Accountspayable 1,299,455 1,956,505 657,050
Otherpayables 670,634 572,450 (98,184)
Accruedexpenses 1,540,681 1,735,930 195,249
lncome taxes payable 51,298 153,387 102,089
Othercurrentliabilities 710,041 769,945 59,904
Totalcurrentliabilities 10,589,293 10,686,214 96,921
Long-termliabilities:
Long-termdebt 6,301,469 7,015,409 713,940
Accruedpensionandseverancecosts 634,612 678,677 44,065
Deferred income taxes 642,293 813,221 170,928
Otherlong-termIiabilities 293,633 225,323 (68,310)
Totallong-termliabilities 7,87乙007 8,732,630 860,623
Total liabilities 18,461,300 19,418,844 957,544
SharehoIders’equity
ToyotaMotorCorporationshareholders’equity:
Commonstock,nOParValue, 397,050 397,050
authorized:10,000,000,000shares asofMarch31,2009andMarch31,2010
issued:3,447,997,492shares asofMarch31,2009andMarch31,2010
Additionalpaid-incapital 501,211 501,331 120
RetainedearnlngS 11,531,622 11,568,602 36,980
Accumulatedothercomprehensiveincome(loss) (1,107,781) (84(∋,835) 260,946
Treasurystock,atCOSt, (1,260,895) (1,2(氾,425) 470
312,115,017sharesasofMarch31,2009and 312,002,149sharesasofMarch31,2010
TotalToyotaMotorCorporationshareholders’ equity
10,061,207 10,359,723 298,516
Noncontrolling interest 539,530 570,720 31,190
Totalshareholders’equity 10,600,737 10,930,443 329,706
Commitmentsandcontingencies
TotalliabiIitiesandshareholders’equity 29,062,037 30,349,287 1,287,250
12
TOYO17LMOTORCORPORATlON FY2010FinancialSummary (Conso‖datedfinancialinforTTlationhasbeenpreparedinaccordancewithaccountingprinciplesgenera”yacceptedintheUnitedStatesofAmerica)
(2)ConsolidatedStatementsoflncome
(Amount:mi”ionyen)
FY2009 FY2010
(Fortheyearended (Fortheyearended lncrease
Ma「ch31,2009) M訂Ch31,2010) (Decrease)
Netrevenues:
Sales of products 19,173,720 17,724,729 (1,448,991)
Financing operations 1,355,850 1.226,244 (129,606)
Totalnetrevenues 20,529,570 18,950,973 (1,578,597)
Costsandexpenses:
Costofproductssold 17,468,416 15,971,496 (1,496,920)
CostoffinanclngOPerations 987,384 712,301 (275,083)
Se”ing,generalandadministrative 2,534,781 2,119,660 (415,121)
Totalcostsandexpenses 20,990,581 18,803,457 (2,187,124)
Operatingincome(Ioss) (461,011) 147,516 608,527
Otherincome(expense):
lnterestanddividendincome 138,467 78,224 (60,243)
lnterestexpense (46,882) (33,409) 13,473
Foreignexchangegain(10SS).net (1,815) 68,251 70,066
Otherincome(10SS).net (189,140) 30,886 220,026
Totalotherincome(expense) (99,370) 143,952 243,322
lncome(Ioss)beforeincom戸
taxesandequityinearnlngSOf (560,381) 291,468 851,849 affiliated companies
Provisionforincometaxes (56,442) 92,664 149,106
EquityinearningsofafFiliatedcompanies 42,724 45,408 2,684
Netincome(loss) (461,215) 244,212 705,427
Less:Net(income)10SS attributabletothenoncontro”ingintere$t
24,278 (封,756) (59,034)
Netincome(10SS)auributabreto ToyotaMotorCorporation
(436,937) 209,456 646,393
13
TOYO11MOTORCORPORAT10N FY2010FinanciaISummary (ConsolidatedfinancialinformationhasbeenpreparedinaccordancewithaccountingprinciplesgeneralIyacceptedintheUnitedStatesofAmerica)
(3)Conso[idatedStatementsofShareholders’Equity (Amount:miIIionyen)
FY2009(FortheyearendedMarch31,2009)
Accumulated Othe「 T「easu「y ¶)也11byota
Common Additional Paid-in Retained Moto「 Co「po「ation Non∝〉nt「Olllng 1b也l StくX火
StOCk C8Pital eamlngS COmPrehensIVe in∝〉me10SS atcost Shareholde「S’ lnte「eSt Sha「eholde「S’
() eq山吋
equity
Balances8tMa「Ch31,2008 397,050 497,569 12,408.550 (241,205) (1,1g2,437) 11,869,527 656,667 12,526.194
Equiけt帽nSaCtionwith noncontro”lnginterestsandother
(30,645) (30,645)
lssuancedurngtheyear 3,642 3,642 3,642
Comprehensive10SS:
Net10SS (436.937) (436,g37) (24,278) (461,215)
Othercomprehensiveincome (10SS)
ForeigncurTenCytranSlation adjustments
(381,303) (381.303) (18,865) (400.168)
Unrealized losses on
SeCUrities,netOf (293,101) (2g3,101) (13.590) (306,691) redassificationadjustments
Pensionliabilityadjustments (192,172) (1g2,172) (8.874) (201,046)
¶)由Icomp帽hensive10SS (1,303,513) (65,607) (1,36g,120)
DividendspaidtolbyotaMotor Corporation shareholders
(43g,9gl) (43g,9gl) (439.9gl)
Dividendspaidtononcontrollln9 inte「ests
(20,885) (20.885)
Pu「Chaseandreissuanceof
common stock (68.458) (68,458) (68,458)
BalancesatMa「d131.2009 397.050 501.211 11,531,622 (1,107,781) (1,260,8g5) 10,061,207 53g,530 10,600,737
(Amount:millionyen)
FY2010(FortheyearendedMarch31.2010)
1b由11byota
Common Addit」0nal Ammulated Othe「 Treasu「y ¶)tal
Paid-in St∝火 Moto「 Co「po帽tion Non∞ntrOlling Sha「eholders’
StOCk CaPi也l eamlngS COmPrehensIVe income(10SS atcost Sha「eholde椅■ lnte「eSt
)
equi吋
equity
BalancesatMa忙h31,2009 3g7,050 501.211 11,531.622 (1.107.781) (1.260.895) 1ロ.061,207 539,530 10,600,737
Equitytransactjonwith noncontrDIIInginterestsandother (2,116) (2.116) (2,748) (4,864)
l∬UanCe山巾唱meyea「 2.236 2,236 2,236
Comprehensiveincome:
Net income 20g,456 209,456 34,756 244.212
0仇ercomp帽hensivein∞me
Fo帽i!】nCU汀enCyt帽nSlation adjustments
9.894 g,894 5,721 15,615
Un「ealked!】ainson SeCU而ies,netOf 176.407 176,407 4,095 180,502 redass椚Ca厄0nadjustments
Pensionliabilityadjustments 74,645 74,糾5 g8 74.743
1b也l∝〉mPrehensiveincome 470,402 44,670 515.072
DividendspaidtolbyotaMotor Corporation shareholders
(172,476) (172,476) (172,476)
DividendspaidtononcontroIIing interests
(10,732) (10,732)
Purchaseandrei$$UanCeOf common stock
470 470 470
BalancesatMarch31,2010 397,050 501,331 11,568,602 (846,835) (1.260,425) 10,35g,723 570,720 10.930,443
14
TOYOTAMOTORCORPOR〝「10N FY2010FinancialSummary (ConsolidatedfinancialinfomationhasbeenpreparedinaccordancewithaccountingprinciplesgeneraIIyacceptedintheUnitedStatesofAmerica)
(4)ConsolidatedStatementsofCashF10WS (Amount:mi”ionyen)
FY2009 FY2010
(Fortheyearended (Fortheyearended Ma「ch31,2009) Ma「ch31,2010)
Cashf10WSfromoperatingactivities:
Netincome(10SS) (461,215) 244.212
Adjustmentstoreconcilenetincome(loss)tonetcash PrOVidedbyoperatingactivities
Depreciation 1,495,170 1,414.569
ProvisionfordoubtfulaccountsandcreditIosses 257,433 100,775
Pensionandseverancecosts,lesspayments (20,958) 1,254
Lossesondisposa10ffixedassets 68,682 46.937
Unrealized10SSeSOnaVailable-for-Salesecurities,net 220,920 2,486
Deferredincometaxes (194,990) 25,537
Equityinearningsofafmiatedcompanies (42,724) (45,408)
ChangesinoperatingassetsandIiabilities,andother 154,587 768,168
Netcashprovidedbyoperatingactivities 1,476,905 2,558,530
Cashf]owsfrominvestingactivities:
Additionstofinancereceivables (8,612,111) (7.806,201)
Co”ectionofandproceedsfromsaIesoffinancereceivabIes 8,155,094 7,517,968
Additionsto触edassetsexcludingequlPmentleasedtoothers (1,364,582) (604,536)
AdditionstoequlPmentleasedtoothers (960,315) (833,065)
ProceedsfromsaTesoffixedassetsexcIudingequIPment leased to others
47,386 52,473
ProceedsfromsalesofequIPmentIeasedtoothers 528,749 465,092
Purchasesofmarketablesecuritiesandsecurityinvestments (636,030) (2,412,182)
Proceedsfromsalesofandmaturityofmarketablesecuritiesand SeCurityinvestments
1,475,877 1,108,741
PaymentforadditionaIinvestmentsinafRliatedcompanies, netofcashacquired (45) (1,020)
Changesininvestmentsandotherassets,andother 135,757 (337,454)
Netcashusedininvestingactivities (1,230,220) (2,850,184)
Cashf]owsfromfinanclngaCtivities:
Proceedsfromissuanceof10ng-termdebt 3,506,990 3,178,310
Paymentsof10ng-termdebt (2,704,078) (2,938,202)
lncrease(decrease)insho「t-termborrowings 406,507 (335,363)
Dividendspaid (439,991) (172,476)
Purchaseofcommonstock,andother (70,587) (10,251)
Netcashprovidedby(usedin)financingactivities 698,841 (277,982)
EfFectofexchangeratechangesoncashandcashequivalents (129,793) (8,898)
Netincrease(decrease)incashandcashequivaIents 815,733 (578,534)
CashandcashequlValentsatbeginnlngOfyear 1,628,547 2,444,280
CashandcashequlValentsatendofyear 2,444,280 1,865,746
Note:lntheConsolidatedStatementsofCashFIows,CaShandcashequlValentsincIudecashonhand,bankdepositsthatcanbewithdrawnat
anytimeandshort-teminvestmentsthatcanbeconvertedintocashatanytimeandcarryminimaIriskofchangeinvaIue.
(5)EventsandConditionswhichIndicatetherecouIdbeSubstantialDoubtaboutGoingConcernAssumption
None
15
TOY01nMOTORCORPORAT[ON FY2010Financia[Summary (ConsoIidatedfinanciaIinformationhasbeenpreparedinaccordancewithaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmerica)
(8)Segmentlnformation
(j)SegmentOperatingResultsandAssets
FY2009(AsofandfortheyearendedMa「ch31,2009) (Amount:mi”ionyen)
lntersegment
Automotive FinancialServices Al10ther Eliminationand/0「
Unal10Cated Consolidated
Amount
Netrevenues:
(1)SaIestoexternalcustomers 18,550,501 1,355,850 623,219 20,529,570
(2)lnter-SegmentSalesandtransfers 14,222 21,698 561,728 (597.648)
‾btal 18,564.723 1,377,548 1,184,947 (597,648) 20,529,570
Operatingexpenses 18,959,599 1,449,495 1,175,034 (593,547) 20,990,581
Ope「atingincome(10SS) (394,876) (71,947) 9,913 (4,101) (461,011)
Assets 11,716,316 13,631,662 1,131,400 2,582,659 29,062,037
lnvestmentinequitymethodinvestees 1.606,013 168,057 36,036 1,810,106
Depreciatjonexpenses 1.072,848 389,937 32,385 1,495,170
Capitalexpenditure 1-343,572 883,968 35,334 62,023 2,324,897
FY2010(AsofandfortheyearendedMa「ch31,2010) (Amount:mi”ionyen)
lntersegment
Automotive FinancialServices Al10ther Eliminationand/Or
Unal10Cated Consolidated
Amount
Netrevenues:
(1)Salestoexternalcustomers 17,187,308 1,226,244 537,421 18,950,973
(2)lnter-SegmentSalesandtransfers 10,120 19,163 410,194 (439,477)
1btal 17,197.428 1,245,407 947,615 (439,477) 18,950,973
Operatingexpenses 17,283.798 998,480 956,475 (435,296) 18,803,457
Operatingincome(10SS) (86,370) 246,927 (8,860) (4,181) 147,516
Asseb 12,359,404 13,274,953 1,119,635 3,595,295 30,349,287
lnvestmentinequitymethodinvestees 1,692,702 129,745 44,993 1,867,440
Depreciationexpenses 1,018,935 348,820 46,814 1,414,569
Capitalexpenditure 616,216 774,102 21,751 25,532 1,437,601
Note二Una”ocated corporateassetsincIuded underulntersegmentEliminationand/orUna”ocatedAmount’forFY2009and FY2010are3,225.901 mi”ionyenand4,205,402mi”ionyen,reSPeCtively,andconsistpnmarilyoffundssuchascashandcashequIValents.marketablesecurities andportionofsecurityinvestmentsheldbyTMC.
17
TOY0171MOTORCORPORAT10N FY2010FinancialSummary (Conso[idatedfinancialinformationhasbeenpreparedinaccordancewithaccountingprinciplesgenera”yacceptedintheUnitedStatesofAmerica)
(ii)Consolidated FinancialStatementsasClassifiedintoNon-Financia[ServicesBusinessand Financial
Services Business
Consolidated Ba[ance Sheets as Classifiedinto Non-FinancialServices Business and Financia[
Services Business
(Amount:mi”ionyen)
FY2009 FY2010 lncrease (AsofMarch31,2009) (AsofMarch31,2010) (Decrease)
Assets
(Non-financialservices)
Currentassets:
CashandcashequIValents 1,648,143 1,338,821 (309,322)
Marketablesecurities 494,476 1,783,629 1,289,153
Tradeaccountsandnotesreceivable, 1,404,292 1,908,884 504,592
lessa”owancefordoubtfulaccounts
lnventories 1,459,394 1,422,373 (37,021)
Prepaidexpensesandothercurrentassets 1,534,119 1,793,622 259,503
lbtaIcurrentassets 6,540,424 8,247,329 1,706,905
lnvestmentsandotherassets 4,254,126 4,549,658 295,532
Prope止y,Plantandequipment 5,504,559 4,996,321 (508,238)
Total assets 16,299,109 17,793,308 1,494,199
(Financialservices)
Currentassets:
CashandcashequIValents 796,137 526,925 (269,212)
Marketablesecurities 850 9,536 8,686
Financereceivables,net 3,891,406 4,209,496 318,090
Prepajdexpensesandothercurrentassets 790,901 653,798 (137.103)
Totalcurrentassets 5,479,294 5,399,755 (79,539)
Noncurrentfinancereceivables,net 5,655,545 5,630,680 (24,865)
lnvestmentsandotherassets 599,701 529,938 (69,763)
Prope止y,Plantandequipment 1,897,122 1,714,580 (182,542)
Total assets 13,631,662 13,274,953 (356,709)
(Elimination)
Eliminationofassets (868,734) (718,974) 149.760
(Consolidated)
1btalassets 29,062,037 30,349,287 1,287,250
Note:Assetsinthenon-financiaIservicesincludeunalIocatedcorporateassets.
18
TOYOTAMOTORCORPORATlON FY2010FinancialSummary (ConsolidatedfinancialinformationhasbeenpreparedinaccordancewithaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmerica)
(Amount:mi”ionyen)
FY2009 FY2010 lnc「ease
(AsofMarch31,2009) (AsofMarch31,2010) (Decrease)
Liabilities
(Non-financialservices)
Currentliabilities:
Sho「t-termborrowlngS 825,029 575.890 (249,139)
CurrentportionofJong-termdebt 115,942 289,447 173,505 Accountspayable 1,299,523 1,954,147 654,624 Accruedexpenses 1,432,988 1,627,228 194,240 lncome taxes payable 47,648 140,210 92,562 OthercurrentJiabilities 944,303 931,727 (12,576)
lbtalcurrentIiabiLities 4,665,433 5,518,649 853,216
Long-termliabiIities:
Long-termdebt 850,233 1,095,270 245,037 Accruedpensionandseverancecosts 629,870 672,905 43,035 Other10ng-termliabilities 444,529 604,903 160,374
lbtal10ng-termliabilities 1,924,632 2,373,078 448,446
Total liabilities 6,590,065 7,891,727 1,301,662
(FinanciaIservices)
CurrentliabiIities: Short-termborrowlngS 3,370,981 3,118,938 (252,043)
Currentportionoflong-termdebt 2,640,104 1,968,908 (671,196)
AccountspayabIe 10,001 13,063 3,062 Accruedexpenses 111,766 113,559 1,793 lncome taxes payable 3,650 13,177 9,527
Othercurrentliabilities 515,166 519,011 3,845
lbtalcurrentIiabilities 6,651,668 5,746,656 (905,012)
Long-termliabilities:
Long-termdebt 5,592,641 6,060,349 467,708 Accruedpensionandseverancecosts 4,742 5,772 1,030 Otherlong-termliabilities 491,397 433,641 (57,756)
Totallong-termliabilities 6,088,780 6,499,762 410,982
Total liabilities 12,740,448 12,246,418 (494,030)
(Elimination)Eliminationofliabilities (869,213) (719,301) 149,912
(ConsoIidated)TotaIIiabilities 18,461,300 19,418,844 957,544
SharehoIders’equity
(Consolidated)
lbtalToyotaMotorCorporationshareholders’ 10,061,207 10,359,723 298,516 equiけ
(Consolidated)NoncontroIIinginterest 539,530 570,720 31,190
(Consolidated)Totalshareholderslequity 10,600,737 10,930,443 329,706
(Consolidated)
TbtaIIiabiIitiesandshareholders’equity 29,062,037 30,349,287 1,287,250
19
TOY0171MOTORCORPORAT10N FY2010FinanciaISummary (ConsoIidatedfinancialinformationhasbeenpreparedinaccordancewithaccountingprincipIesgeneraIlyacceptedintheUnitedStatesofAmerica)
Consolidated Statements oflncomeas Classifiedinto Non-FinancialServices Business and Financia[ Services Business
(Amount:mi”ionyen)
FY2009 FY2010 lnc「ease
(Fortheyearended March31,2009) March31,2010)
(Decrease)
(Non-¶nancialseⅣices)
Netrevenues 19,182,161 17,732,143 (1,450,018)
Costsandexpenses: .19,568,465 17,828,152 (1,740,313)
Cost of revenues 17,470,791 15,973,442 (1,497,349)
Se”ing.generalandadministrative 2,097,674 1,854,710 (242,964)
Operating loss (386,304) (96,009) 290,295
Otherincome(expense),net (71,925) 144,625 216,550
lncome(10SS)beforeincoTle
taxesandequityinearnlngSOfa什iliated (458,229) 48,616 COmPanies
Provisionforincometaxes (10,152) 42,342
Equityinearningsofaffiliatedcompanies 53,226 109,944 56,718
Netincome(10SS) (394,851) 116,218 511,069
Less:Netincome(10SS) attributabletothenoncontroJlinginterest
26,282 (32,103) (58,385)
Netincome(loss)a肘ibutableto ToyotaMotorCorporation
(368,569) 84,115 452,684
(FinancialseNices)
Netrevenues 1,377,548 1,245,407 (132,141)
Costsandexpenses: 1,ヰヰ9,495 998,480 (451,015)
Costofrevenues 994,191 716,9g7 (277,194)
Se”jng,generalandadministrative 455,304 281,483 (173,821)
Operatingincome(10SS) (71,947) 246,927 318,874
Otherexpenses,net (30,233) (3,923) 26,310
lncome([oss)beforeincome taxesandequityinlossesofaffiliated (102,180) 243,004 345,184 COmPanies
Provisionforincometaxes (46,298) 50,362 96,660
EquityinlossesofaffiIiatedcompanies (10,502) (64,536) (54,034)
Netincome(10SS) (66,384) 128,106 194,490
Less:Netloss
a伽butabletothenoncontro”inginterest (2,004) (2,653) (649)
Netincome(loss)attributableto ToyotaMotorCorporation
(68,388) 125,453 193,841
(Elimination)
Eliminationofnetincomeorloss 20 (112) (132)
(Consolidated)
Netincome([oss) (436,937) 209,456 646,393
20
TOYO’TAMOTORCORPOR〝「lON FY2010FinanciaISummary (Consolidatedfinancialinformationhasbeenpreparedinaccordancewithaccountingprinciplesgenera”yacceptedintheUnitedStatesofAmerica)
Consolidated Statements of Cash F10WS aS Classifiedinto Non-FinancialServices Business and FinancialServicesBusiness
(Amount:mi”ionyen)
FY2009 FY2010
(Fortheyearended (Fortheyearended Ma「ch31,2009) Ma「ch31,2010)
(Non-financialservices)
Cashf]owsfromoperatingactivities:
Netincome(loss) (394,851) 116,218 Adjustmentstoreconcilenetincome(loss)tonetcash
PrOVidedbyoperatingactivities Depreciation 1,105,233 1,065,749
Provjsionfordoubtfulaccounts (1,663) 1.905 Pensionandseverancecosts,lesspayments (21,428) 55
LossesondisposaIoffixedassets 68,546 46,661 Unrealizedlossesonavailable-for-Salesecurities,net 220,920 2,486 Deferred income taxes (132,127) (14,183)
Equityinearningsofaffiliatedcompanies (53,22(∋) (109,944)
Changesinoperatingassetsandliabilities,andother (223,101) 733,338
Netcashprovidedbyoperatingactivities 568,303 1,842,285
CashfIowsfrominvestingactivities:
AdditionstofixedassetsexcJudingequIPmentTeasedtoothers (1,358,518) (599,154)
AdditionstoequIPmentleasedtoothers (82,411) (64,345)
Proceedsfromsalesof斤xedassetsexcludingequlPmentleased
toothers 41,285 46,070
ProceedsfromsalesofequlPmentleasedtoothers 55,896 36,668 Purchasesofmarketablesecuritiesandsecurityinvestments (418,342) (2,310,912)
Proceedsfromsalesofandmaturityofmarketablesecuritiesand SeCurityinvestments
1,295,561 1,012,781
Paymentforadditionalinvestmentsina惰Iiatedcompanies,netOf
CaShacquired (45) (1,020)
Changesininvestmentsandotherassets,andother 129,834 (259,089)
Netcashusedininvestingactivities (336,740) (2,139,001)
Cashf]owsfrom¶nanclngaCtivities:
Proceedsfromissuanceoflong-termdebt 545,981 492,300 Paymentsof10ng-termdebt (150,097) (77,033)
lncrease(decrease)inshort-termborrowings 138,387 (249,238)
Dividendspaid (439,991) (172,476)
Purchaseofcommonstock,andother (70,587) (10,251)
Netcashprovidedby(usedin)financingactivities 23.6g3 (16,698)
E情ectofexchangeratechangesoncashandcashequlValents (80,214) 4.092
Netincrease(decrease)incashandcashequivalents 175,042 (309,322)
CashandcashequlVaTentsatbeginnlngOfyear 1,473,101 1,648,143
CashandcashequIValentsatendofyear 1,648,143 1,338,821
21
TOYOTAMOTORCORPORATlON FY2010FinancialSummary (Consolidatedflnancialinformationhasbeenpreparedinaccordancewithaccountingprinciplesgenera”yacceptedintheUnitedStatesofAmerica)
(Amount:millionyen)
FY2009 FY2010
(Fortheyearended (Fortheyearended Ma「ch31,2009) March31.2010)
(FinanciaIservices)
Cashf]owsfromoperatingactivities:
Netincome(10SS) (66,384) 128,106 Adjustmentstoreconcilenetincome(10SS)tonetcash
PrOVidedbyoperatingactivities Depreciation 389,937 348,820 ProvisionfordoubtfulaccountsandcreditIosses 259,096 98,870 Pensionandseverancecosts,Iesspayments 470 1,199 Lossesondisposa10ffixedassets 136 276
Deferred income taxes (62,871) 39,759 EquityinIossesofaffiliatedcompanies 10,502 64,536 Changesinoperatingassetsandliab‖ities,andother 186,234 133,275
Netcashprovidedbyoperatingactivities 717,120 814,841
Cashf10WSfrominvestingactivities:
Additionstofinancereceivab[es (14,230,272) (13,492,119)
Co”ectionofandproceedsfromsaIesoffinancereceivabIes 13,959,045 13,107,531
AdditionstofixedassetsexcIudingequipmentleasedtoothers (6,064) (5,382)
AdditionstoequIPmentleasedtoothers (877,904) (768,720)
ProceedsfromsaIesoffixedassetsexcIudingequipmentIeased toothers
6,101 6,403
ProceedsfromsalesofequIPmentleasedtoothers 472,853 428,424 Purchasesofmarketablesecuritiesandsecurityinvestments (217,688) (101,270)
ProceedsfromsaIesofandmaturityofmarketabAesecuritiesand SeCurityinvestments
180,316 95,960
Changesininvestmentsandotherassets,andother (2,091) 102,497
Netcashusedininvestingactivities (715,704) (626,676)
Cashf10WSfromfinancIngaCtivities: ProceedsfromissuanceofIong-termdebt 3,030,029 2,733,465
Paymentsof10ng-termdebt (2,580,637) (2,926,308)
hcrease(decrease)inshon-termborrowings 239,462 (251,544)
Netcashprovidedby(usedin)financingactivities 688,854 (444,387)
E仔ectofexchangeratechangesoncashandcashequIValents (49,579) (12,990)
Netincrease(decrease)incashandcashequivalents 640,691 (269,212)
CashandcashequivalentsatbeginnlngOfyear 155,446 796,137
CashandcashequIValentsatendofyear 796,137 526,925
Note:lntheConsolidatedStatementsofCashF10WS,CaShandcashequivalentsincIudecashonhand,bankdepositsthatcanbewithdrawnat anytimeandshon-terminvestmentsthatcanbeconve止edintocashatanytimeandcarTYminima]riskofchangeinvalue.
22
TOY01nMOTORCORPORAT10N FY2010FinanciaISummarY (Consolidatedfinancialinformationhasbeenpreparedinaccordancewithaccountingprinciplesgenera”yacceptedintheUnitedStatesofAmerica)
(iv)OverseasSales
FY2009(FortheyearendedMarch31,2009) (Amount:mi”ionyen)
NorthAmerica Eu「OPe Asia Other 1btal
I Overseas sales 6,294,230 2,861,351 2,530,352 3,421,881 15,107,814
llConsolidatedsales 20,529,570
”lRatioofoverseassales % % % % %
to consolidated sales 30.7 13.9 12.3 16.7 73.6
FY2010(FortheyearendedMarch31,2010) (Amount:mi”ionyen)
NorthAmerica Eu「OPe Asia Othe「 1btal
I Overseas sales 5,718,381 2,023,280 2,641,471 2,838.671 13,221.803
llConsolidatedsales 18,950.973
IllRatioofoverseassales % % % % %
to consolidated sales 30.2 10.7 13.9 15.0 69.8
Note:“Other’consistsofCentralandSouthAmerica,Oceania,AfricaandtheMiddleEast,etC.
24
TOYOTAMOTORCORPORAT10N FY2010FinancialSummary (UnconsolidatedfinancialinformationhasbeenpreparedinaccordancewithaccountingprinciplesgeneraJlyacceptedinJapan)
7.Unconsolidated FinancialStatements
(1)BalanceSheets
(Amount:miIlionyen)
FY2009 FY2010 lncrease (AsofMarch31.2009) (AsofMarch31,2010) (Decrease)
Assets
Currentassets
Cash and deposits 24,067 43,181 19,114
Trade accounts receivable 565,881 1,108,417 542,536
Marketablesecurities 1,223,909 2,177,316 953,407
Finishedgoods 89,164 120,817 31,653
Work in process 112,289 72,720 (39,569)
RawmaterialsandsupplleS 77.856 59,653 (18,203)
lncome taxes receivable 205,275 5,255 (200,020)
Short-termIoans 732,141 383.137 (349,004)
Deferred tax assets 219,710 318,318 98,608
Othe「s 296,882 546,986 250,104
Less:allowancefordoubtfulaccounts (5,800) (1,700) 4,100
Totalcurrentassets 3,541,378 4,834,106 1,292,728
Fixed assets
Propeny,Plantandequipment
Buildings.net 437,187 412,666 (24,521)
Structures,net 50,760 46,802 (3,958)
MachineryandequlPment,net 405,650 291,059 (114,591)
VehicleanddeliveryequIPment,net 23,048 18,948 (4,100)
TooIs,furnitureandfixtures,net 106,928 76,076 (30,852)
Land 393,454 399,664 6,210
Constructioninprogress 82,070 93,159 11,089
Totalprope止y,Plantandequipment 1,499,100 1,338,377 (160,723)
lnvestments and other assets
lnvestmentsinsecurities 1,418,415 1,529,014 110,599
lnvestmentsinsubsidiariesandaffiliates 1,958,143 1,911,791 (46,352)
Long-teml10anS 397,882 460,362 62,480
Deferred tax assets 176,307 128,684 (47,623)
Others 195,035 170,239 (24,796)
Less:a”owancefordoubtfulaccounts (22,600) (21,800) 800
TotaIinvestmentsandotherassets 4,123,183 4,178,292 55,109
Totalfixedassets 5,62乙283 5,516,670 (105,613)
Totalassets 9,163,662 10,350了7(∋ 1,187,114
25
TOYOTAMOTORCORPORATlON FY2010FinancialSummary (UnconsolidatedfinancialinformationhasbeenpreparedinaccordancewithaccountingprincipJesgeneralIyacceptedinJapan)
(Amount:mi”ionyen)
FY2009 FY2010 rncrease
(AsofMarch31.2009) (AsofMarch31,2010) (Decrease)
LiabiIities
Current liabilities
Trade notes payable 585 894 309
Trade accounts payable 520,731 1,023,947 503,216
Currentportionof10ng-termborrowlngS 150,000 150,000
Currentportionofbonds 50,000 50,000
Otherpayables 376,129 297,681 (78,448)
Accruedexpenses 448,887 634,221 185,334
Depositsreceived 122,901 352,914 230,013
○・【he「s 14,482 25,540 11,058
Totalcurrentliabilities 1,483,718 2.535,200 1,051,482
Long-termliabilities
Bonds 450,000 530,000 80,000
Long-termborrowJngS 300,000 363,185 63,185
A”owanceforretirementbenefits 274,445 270,635 (3,810)
Others 3,581 14,063 10,482
Totallong-termliabilities 1,028,026 1,177,884 149,858
Total liabilities 2,511,745 3,713,084 1,201,339
Net assets
Shareholders’equity
Common stock 397,049 397,049
Capitalsu「plus
Capita[reserve 416,970 416,970
OthercapitaIsurplus 1,287 1,132 (155)
Totalcapita[surplus 418,258 418,103 (155)
Retained earnings
Legal reserve 99,454 99,454
OtherretainedearnlngS
Reserveforlossesonoverseasinvestments 25 12 (12)
ReseNeforspecia.depreciation 2,573 1,791 (781)
ReserveforreductionofacquISitioncostof fixedassets
8,451 8,462
Generalresen/e 6,340,926 6,340,926
RetainedeamlngSCarriedforward 550,634 405,130 (145,504)
TotalretainedearnJngS 7,002,065 6,855,777 (146,287)
Less:treaSUryStOCk (1,279,189) (1,278,708) 481
Totalshareholders’equity 6,538,184 6,392,222 (145,961)
ValuationandtransIationadjustments
NetunreaJizedgalnSOnOthersecurities 106,158 236,133 129,974
DeferredhedgegalnSOrIosses 517 186 (331)
Tota[valuationandtranslationadjustments 106,676 236,319 129,643
Stockacquisitionrights 7,055 9,149 2.093
Totalnetassets 6,651,917 6,637,692 (14,224)
TotaIIiabilitiesandnetassets 9,163,6(∋2 10,350,776 1,187,114
26
TOY01AMOTORCORPORATION FY2010FinanciaISummary (Unconsolidatedfinancia=nformationhasbeenpreparedinaccordancewithaccountingprincipIesgeneraIIyacceptedinJapan)
(2)Statementsoflncome
(Amount:millionyen)
FY2009 FY2010
(Apri11,2008through lnc「ease
Ma「ch31,2009) Ma「ch31,2010) (Decrease)
Netrevenues 9,278,483 8,597,872 (680,611)
Costofsales 8,332,566 7,866,781 (465,785)
G「ossp「0¶t 945,917 731.090 (214,827)
Se”ing,generalandadministrativeexpenses 1,133,836 1,059.151 (74,685)
Operating loss (187,918) (328,061) (140,143)
Non-OPerating.ncome
lnterestincome 58,548 40,326 (18,222)
Dividendincome 388,925 242,562 (146,363)
Others 193,409 111,856 (81,553)
TotaInon-OPeratinglnCOme 640,884 394,745 (246,139)
Non-OPeratingexpenses
lnterestexpenses 7,858 14,839 6,981
Others 262,511 128,966 (133,545)
Totalnon-OPeratingexpenses 270,370 143,805 (126,565)
O「dinaryincome(10SS) 182,594 (77,120) (259,714)
lncome(10SS)beforeincometaxes 182,594 (77,120) (259,714)
lncometaxes-CUrrent 23,500 (3,600) (27,100)
lncometaxes-deferred 102,444 (99,708) (202,152)
Netincome 56,649 26,188 (30,461)
27
TOYOTAMOTORCORPORAT10N FY2010FinancialSummary (UnconsolidatedfinancialinformationhasbeenpreparedinaccordancewithaccountingprinciplesgenerallyacceptedinJapan)
(3)Changesinnetassets
(Amount:miIIionyen)
FY2009 FY2010
(Apri11,2008through (Apri11.2009through Ma「ch31,2009) Ma「ch31,2010)
Shareholders’equity
Common stock
BaIanceattheendofpreviousperiod 397,049 397,049
Balanceattheendofcurrentperiod 397,049 397,049
Capital surplus
CapitalreseNe
BaIanceattheendofpreviousperiod 416,970 416,970
Balanceattheendofcurrentperiod 416,970 416,970
OthercapitaIsurpIus
Balanceattheendofpreviousperiod 1,287
Changesofitemsduringtheperiod
Reissuanceofcommonstock 1,287 (155)
TotaIchangesofitemsduringtheperiod 1,287 (155)
Balanceattheendofcurrentperiod 1,287 1,132
TotalcapitaIsurplus
Balanceattheendofpreviousperiod 416,970 418,258
Changesofitemsduringtheperiod
Reissuanceofcommonstock 1,287 (155)
Totalchangesofitemsduringtheperiod 1,287 (155)
Balanceattheendofcurrentperiod 418,258 418,103
Retained earnings
Legal reserve
Balanceattheendofpreviousperiod g9,454 99,454
Balanceattheendofcurrentperiod 99,454 9g,454
Otherretainedearnings
ReseNeforlossesonoverseasinvestments
Balanceattheendofpreviousperiod 71 25
Changesofitemsduringtheperiod
Reversa10freservefbr10SSeSOnOVerSeaSinvestments (46) (12)
Totalchangesofitemsduringtheperiod (46) (12)
BaIanceattheendofcurrentpehod 25 12
ReseNeforspeciaIdepreciation
Balanceattheendofpreviousperiod 2,453 2,573
Changesofitemsduringtheperiod
Appropriationtoreserveforspecialdepreciation 1,031 379
Reversa10freseNeforspecialdepreciation (910) (1,160)
Totalchangesofitemsduringtheperiod 120 (781)
Balanceattheendofcurrentperiod 2,573 1.791
28
TOYOTAMOTORCORPORAT[ON FY2010FinancialSummary (Unconsolidatedfinancialinformationhasbeenpreparedinaccordancewithaccountingprinciplesgenera”yacceptedinJapan)
(Amount:millionyen)
FY2009 FY2010
(Apri11,2008through (Ap川1,2009through March31,2009) Ma「ch31,2010)
ReseNeforreductionofacqulSitioncostoffixedassets
Balanceattheendofpreviousperiod 8,497 8,451
Changesofitemsduringtheperiod AppropriationtoreserveforreductionofacqulSitioncost Offixedassets 30
Reversalofreserveforreductionofacquisitioncostof fixed assets (46) (19)
TotaIchangesofitemsduringtheperiod (46)
Balanceattheendofcurrentperiod 8,451 8.462
GeneralreseNe
Balanceattheendofpreviousperiod 6,340,926 6.340,926
Balanceattheendofcurrentperiod 6,340,926 6,340,926
RetainedearnlngSCarriedforward
Balanceattheendofpreviousperiod 934,004 550,634
Changesofitemsduringtheperiod
Reversa10freseNeforlossesonoverseasinvestments 46 12
AppropriationtoreseNefbrspecialdepreciation (1,031) (379)
ReversaJofreserveforspecialdepreciation 910 1,160 AppropriationtoreseNeforreductionofacquisitioncost Offixedassets (30)
Reversa10freseNeforreductionofacqulSitioncostof fixedassets
4(∋ 19
Dividendspaid (439,991) (172,476)
Net income 56,649 26,188
Totalchangesofitemsduringtheperiod (383,370) (145,504)
Balanceattheendofcurrentperiod 550,634 405,130
TotalretainedearnlngS
BaIanceattheendofpreviousperiod 7,385,407 7,002,065
Changesofitemsduringtheperiod
Dividendspaid (439,991) (172,476)
Net income 56,649 26,188
Totalchangesofitemsduringtheperiod (383,342) (146,287)
Balanceattheendofcurrentperiod 7,002,085 6,855,777
Trea$∪けStOCk
Balanceattheendofpreviousperiod (1,212,681) (1,279,189)
Changesofitemsduringtheperiod
Purchaseofcommonstock (73,901) (165)
Reissuanceofcommonstock 7,393 646
TotaJchangesofitemsduringtheperiod (66,508) 481
Balanceattheendofcurrentperiod (1,279,189) (1,278,708)
TotaIshareholders’equity
Balanceattheendofpreviousperiod 6,986,746 6,538,184
Changesofitemsduringtheperiod
Dividendspaid (439,991) (172,476)
Netincome 56,649 26,188
Purchaseofcommonstock (73,901) (165)
Reissuanceofcommonstock 8,681 491
Totalchangesofitemsduringtheperiod (448,562) (145,961)
BaIanceattheendofcurrentperiod 6,538,184 6,392,222
29
TOYOTAMOTORCORPORAT10N FY2010FinancialSummary (UnconsolidatedfinancialinformationhasbeenpreparedinaccordancewithaccountingprinciplesgenerallyacceptedinJapan)
(Amount:mi”ionyen)
FY2009 FY2010
(Apri11.2008through (Apri11,2009through Ma「ch31,2009) Ma「ch31,2010)
Valuationandtranslationadjustments
NetunrealizedgalnSOnOthersecurities
Balanceattheendofpreviousperiod 310,604 106,158
Changesofitemsduringtheperiod
Netchangesofitemsotherthanshareholders’equity (204,445) 129,974
Totalchangesofitemsduringtheperiod (204,445) 129,974
Balanceattheendofcurrentperiod 106,158 236,133
DeferredhedgegalnSOrlosses
Balanceattheendofpreviousperiod 867 517
Changesofitemsduringtheperiod
Netchangesofitemsotherthanshareholders’equity (349) (331)
Totalchangesofitemsduringtheperiod (349) (331)
BaIanceattheendofcurrentperiod 517 186
Tota[valuationandtranslationadjustments
Balanceattheendofpreviousperiod 311,472 106,676
Changesofitemsduringtheperiod
NetchangesofitemsotherthansharehoIders’equity (204,795) 129,643
Totalchangesofitemsduringtheperiod (204,795) 129,643
Ba[anceattheendofcurrentperiod 106,67(∋ 236.319
StockacqulSitionrights
Balanceattheendofpreviousperiod 4,183 7,055
Changesofitemsduringtheperiod
Netchangesofitemsotherthanshareholders’equity 2,872 2,093
Totalchangesofitemsduringtheperiod 2,872 2,093
Balanceattheendofcurrentperiod 7,055 9,149
Total netassets
Balanceattheendofpreviousperiod 7,302,401 6,651,917
Changesofitemsduringtheperiod
Dividendspaid (439,991) (172,476)
Netincome 56,649 26,188
Purchaseofcommonstock (73,901) (165)
Reissuanceofcommonstock 8,681 491
NetchangesofitemsotherthansharehoIders’equity (201,922) 131,736
Totalchangesofitemsduringtheperiod (650,484) (14,224)
BalanceattheendofcurTentPeriod 6,651,917 6,637,692
30