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ANNUAL REPORT 2014

P ri nt

President’s 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

” equivalent to “Net Income” up to 2009.000 +152.4 58.000 188.691.292.1 billion (+89.6 Other +132.2 ’10 ’11 ’12 ’13 ’14 Note: “Net Income Attributable to Toyota Motor Corporation.000 10. Net Revenues by Region (¥ Billion) 15.1 North America Europe Asia Other Regions 12.000 20 200 10.8 FY2013 FY2014 ’10 ’11 ’12 ’13 ’14 Operating Income by Region (¥ Billion) * Figures for North America exclude valuation gains/losses from interest rate swaps. +180.823.000 25.000 FY +31.4%) P Operating Income 2.000 2 6.0 0 Cost Reduction Efforts +290.000 (%) 50 800 40.6 –91.000 +19.3 6.000 P Net Revenues: (%) 20 1.S.000 40 600 30.000 1 3.000 (¥ Billion) 50.9* 0 ’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 395.292.0 –480. 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) 2.7 26. etc. Plant and Equipment  Total Assets  ROA  Toyota Motor Corporation Shareholders’ Equity  Shareholders’ Equity to Total Assets (¥ Billion) 1.500 15 1.8 9.ANNUAL REPORT 2014 P ri nt Overview of Four Business Units President’s 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.000 Japan 1.0 Marketing Efforts Increase in Expenses.000 (%) 5 (¥ Billion) 15.000 30 400 20.000 4 5. R&D Expenses/Capital Expenditures for Property.8 Effects of FOREX Rates +900.000 8 1.000 10 0 0 0 0 0 FY ’10 ’11 ’12 ’13 ’14 FY ’10 ’11 ’12 ’13 ’14 FY 2.500 6 1.0 Valuation Gain/Losses from Interest Rate Swaps –51.9 billion (  +16.000 15.000 4 12.000 3 9.500 (¥ Billion) 30.000 500 2 0 0 0 20. 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.2 ’13 ’14 Europe 133.1 1.320.5* 3.000 (%) 10 2.000 10 500 5 0 0 FY ¥25. Oceania.5%) P Net Income Attributable to Toyota Motor Corporation 1.510.5%) Analysis of Operating Income (¥ Billion) Operating Income +971.1 billion (+73.7 +933.1 576.7 376.7 ’13 ’14 Asia ’13 42.000 FY ’10 ’11 ’12 ’13 ’14 FY ’10 ’11 ’12 ’13 ’14 (¥ Billion) 2.5 ’14 Central and South America.0 341. Africa and The Middle East .

422 1.365.098 858 979 231 251 184 466 7 7.338 372 1.6 +6. 92.5% 0 FY 48.809 3. respectively.0 +3.133.000.163 5. or 8.8%.8 +3.8 2.275 383 1. 45. compared with the previous fiscal year.and Lexus-Brand Vehicles 21.7%.529 844 1.924 205 100 148 8. or 3. or 2.7% .000.071 5.000 Consolidated Total: 9.956 2.000.1 +11.000 FY2014 19.021 146 106 105 6.000.000.759 506 1. > Consolidated Lexus vehicle unit sales came to approximately 540.116 +3.6 –4.308 2.871 2. or 2.609 413 259 267 824 6 9. around 44.469 799 1. reaching 10.698 4.853 1.687 1. Asia.000 Vehicle Sales Daihatsu.2%. > Consolidated vehicle unit sales in Japan were 2.0 +2.031 796 1. 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.448 1. up 245. 300.000. ’10 ’11 ’12 ’13 ’14 25. > Total vehicle unit sales (retail).327 289 223 214 550 8 7.648.4 +2.000 8.8%.8%.913 5. representing a record market share of 46.4% 6. was also a historic high.279 6. year on year.345 4.281 1.939 242 103 138 9.721 3.237 1.000 ’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) 10.8 +2.3% 0 Customers Toyota Retail Vehicle Sales Toyota and Lexus Vehicle Sales Number of vehicles produced for wholesale by Toyota’s affiliates outside consolidation (e.5 +13. 2013 3.255 281 248 209 569 6 7.9 +37. Lexus vehicle unit sales in Japan. or 4. Excluding mini-vehicles.495 1.7% 2. higher than the previous fiscal year.684 364 271 259 741 5 8.0 –6.677 368 1.4 +3.5% 4. 2014.592 2.000.5 –4. an increase of 86. and other were about 48.032 thousand units 27.0 +4.6%. and 55.6% 2.000. including the Daihatsu and Hino brands.344 148 113 133 7.3% 6.000 FY [Reference] Vehicle Sales > Consolidated vehicle unit sales in Japan and overseas came to 9.365 6.940 3.032 +1.ANNUAL REPORT 2014 P ri nt President’s 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.000.2 +20.5 +0. By geographic region.276 4.116.8 +18.042 433 1.872 798 1.000 17.000. North America. Europe.8 (Thousands of units) 10. Consolidated Total: 9.116 thousand units 8.g.1% 5. a year-on-year increase of 441.000.000 * There are a limited number of exceptional cases where sales are made other than in accordance with the flowchart above.395 2.000.000 in the fiscal year ended March 31.000.169 3.4 +5.and Hino-Brand Vehicles 5. up 36.000.435 4.441 152 93 151 7.751 2.000 19. Toyota and Lexus vehicle unit sales (retail) was 1.352 2.000 4.074 2.9% FY2014 9.