Toyota Motor Corp. · TSE:7203
Toyota Motor — Q3 FY2024 Earnings Presentation
23 slides from Toyota Motor's earnings presentation, Feb 6, 2024
Slide 1: FY2024 Third Quarter Financial Results
FY2024 Third Quarter Financial Results LEXUS LBX Toyota Motor Corporation February 6, 2024 1
Slide 2: Cautionary Statement with Respect to Forward-Looking Statements and Caution Concerning Insider Trading
Cautionary Statement with Respect to Forward-Looking Statements and Caution Concerning Insider Trading This presentation contains forward-looking statements that reflect Toyota’s plans and expectations. These forward-looking statements are not guarantees of future performance and involve known and u
Slide 3: FY2024 Third Quarter Financial Results Summary
FY2024 Third Quarter Financial Results Summary Performance (9 months): Operating income 4.24 trillion yen (+2.14 trillion yen YoY) / Full-year Forecast: Operating income 4.90 trillion yen ・We are grateful to our many stakeholders, including our suppliers, for their support in each step from producti
Slide 4: Together with colleagues across industries
<Together with colleagues across industries> ・The increase in profits for fiscal year 2024 has been mainly due to the new car business, and our "transformation into a mobility company" initiative is still a work in progress. We aim to further strengthen our value chain by leveraging our strength (as
Slide 5: FY2024 Third Quarter Financial Performance
FY2024 Third Quarter Financial Performance 5
Slide 6: Consolidated Vehicle Sales (FY2024 9 months)
Consolidated Vehicle Sales (FY2024 9 months) (thousands of vehicles) 8,000 7,295 112.4% Japan 7,000 6,491 1,630 116.3% N. America 6,000 1,402 Europe 5,000 2,161 116.7% 4,000 1,852 Asia 3,000 884 116.8% Other 757 Central and 2,000 1,293 1,376 106.4% South America, Oceania, 1,000 Africa, 1,188 1,245 1
Slide 7: Consolidated Financial Summary (FY2024 9 months)
Consolidated Financial Summary (FY2024 9 months) (billions of yen) '22.4-12 '23.4-12 Change Sales Revenues 27,464.0 34,022.7 +6,558.6 Operating Income 2,098.0 4,240.2 +2,142.1 Margin 7.6% 12.5% Other Income 771.1 1,116.8 +345.6 Share of Profit (Loss) of Investments Accounted for Using the Equity Met
Slide 8: Analysis of Consolidated Operating Income (FY2024 9 months)
Analysis of Consolidated Operating Income (FY2024 9 months) (billions of yen) Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc.： +1,625.0 Which includes: +1,990.0 -300.0 +137.1 4,240.2 Soaring Materials Prices -370.0 Cost Reduction +305.0 Increase or Other
Slide 9: Geographic Operating Income (FY2024 9 months)
Geographic Operating Income (FY2024 9 months) Operating Income (billions of yen) (excluding Valuation Gains/Losses relating to Swaps, etc.) [ ] Margin Consolidated Vehicle Sales (thousands of vehicles) Japan N. America Europe Asia Other Incl. China (excl. investments accounted for using the equity m
Slide 10: China Business / Financial Services (FY2024 9 months)
China Business / Financial Services (FY2024 9 months) (Ref.) China Business Financial Services Operating Income of Consolidated Subsidiaries (billions of yen) Operating Income (billions of yen) Share of Profit of Investments Accounted for Using the Equity ＊ Excluding Valuation Gains/Losses relating
Slide 11: FY2024 Financial Forecasts
FY2024 Financial Forecasts 11
Slide 12: FY2024 Forecast: Consolidated Vehicle Sales
FY2024 Forecast: Consolidated Vehicle Sales (thousands of vehicles) 10,000 9,600 9,450 98.4% 8,822 Japan 8,000 2,320 2,120 91.4% N. America 2,069 Europe 6,000 2,730 2,760 101.1% 2,407 Asia 4,000 1,150 1,170 101.7% 1,030 Other Central and 1,760 1,760 100.0% 1,751 South America, 2,000 Oceania, 1,640 1
Slide 13: FY2024 Forecast: Consolidated Financial Summary
FY2024 Forecast: Consolidated Financial Summary （billions of yen） FY23 Results Previous Forecast New Forecast Change '22.4-'23.3 '23.4-'24.3 '23.4-'24.3 Sales Revenues 43,000.0 43,500.0 +500.0 37,154.2 Operating Income 4,500.0 4,900.0 +400.0 2,725.0 Margin 10.5% 11.3% 7.3% Other Income 1,050.0 1,300
Slide 14: Analysis of FY2024 Forecast: Consolidated Operating Income
Analysis of FY2024 Forecast: Consolidated Operating Income (vs. FY2023 Results) Excluding the overall impact of foreign exchange (billions of yen) rates and swap valuation gains/losses, etc.： +1,590.0 +1,935.0 -445.0 +45.0 4,900.0 Increase or Other *4 Decrease in +540.0 +100.0 Expenses and 2,725.0 C
Slide 15: (Ref.) Analysis of FY2024 Forecast: Consolidated Operating Income
(Ref.) Analysis of FY2024 Forecast: Consolidated Operating Income (vs. Previous Forecast) Excluding the overall impact of foreign exchange (billions of yen) rates and swap valuation gains/losses, etc.： +355.0 +150.0 +280.0 -75.0 -190.0 4,900.0 4,500.0 +235.0 Increase or Cost Marketing Other *4 Effec
Slide 16: (Ref.) Consolidated Vehicle Sales (3 months)
(Ref.) Consolidated Vehicle Sales (3 months) （thousands of vehicles） 2,551 109.4% Japan 2,500 2,331 558 104.9% N.America 2,000 532 Europe 1,500 607 776 127.9% Asia Other 1,000 277 327 117.8% Central and South America, 476 480 100.9% Oceania, 500 Africa, 439 410 93.4% The Middle East, 0 etc. '22.10-1
Slide 17: (Ref.) Consolidated Financial Summary (3 months)
(Ref.) Consolidated Financial Summary (3 months) (billions of yen) '22.10-12 '23.10-12 Change Sales Revenues 9,754.6 12,041.1 +2,286.4 Operating Income 956.6 1,680.9 +724.2 Margin 9.8% 14.0% Other Income 78.3 154.5 +76.2 Share of Profit (Loss) of Investments Accounted for Using the Equity Method 170
Slide 18: (Ref.) Analysis of Consolidated Operating Income (3 months)
(Ref.) Analysis of Consolidated Operating Income (3 months) (billions of yen) Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc.： +665.0 +700.0 -80.0 Which includes: Soaring Materials Prices -55.0 -60.8 1,680.9 Increase or Other *4 Cost Reduction +100.0 Decr
Slide 19: (Ref.) Geographic Operating Income (3 months)
(Ref.) Geographic Operating Income (3 months) Operating Income (billions of yen) (excluding Valuation Gains/Losses relating to Swaps, etc.) [ ] margin Consolidated Vehicle Sales (thousands of vehicles) Japan N.America Europe Asia Other Incl. China (excl. investments accounted for using the equity me
Slide 20: (Ref.) China Business / Financial Services (3 months)
(Ref.) China Business / Financial Services (3 months) (Ref.) China Business Financial Services Operating Income of Consolidated Subsidiaries (billions of yen) Operating Income (billions of yen) Share of Profit of Investments Accounted for Using the Equity ＊ Excluding Valuation Gains/Losses relating
Slide 21: Ref.) Transition of Financial Performance
Ref.) Transition of Financial Performance Net Income Attributable to Consolidated Vehicle Sales Sales Revenues (trillions of yen) Operating Income (billions of yen) Toyota Motor Corporation (thousands of vehicles) Operating Margin (%) (billions of yen) 43.5 11.3 9,450 Net Margin (%) 8,955 9.5 8,230
Slide 22: (Ref.) FY2024 Forecast: Vehicle Production and Retail Sales
(Ref.) FY2024 Forecast: Vehicle Production and Retail Sales （thousands of vehicles） Previous Forecast New Forecast FY23 Results Change '23.4-'24.3 '23.4-'24.3 '22.4-'23.3 Japan 3,340 3,340 ±0 2,787 Vehicle 生産 Overseas ±0 Production * 6,760 6,760 6,343 Toyota & Lexus Total 10,100 10,100 ±0 9,130 Japa
Slide 23: (Ref.) Definitions of Consolidated and Retail Vehicle Sales
(Ref.) Definitions of Consolidated and Retail Vehicle Sales Daihatsu- and Hino- brand vehicles Distributors or Dealers outside consolidation Consolidated Vehicle Sales Total Retail Vehicle Sales Customers Toyota and Lexus Vehicle Sales Number of vehicles produced for wholesale by Toyota Motor Corpor