Toyota Motor Corp. · TSE:7203
Toyota Motor — FY2026 Earnings Presentation
32 slides from Toyota Motor's earnings presentation, May 8, 2026
Slide 1: FY2026 Financial Results
FY2026 Financial Results LEXUS ES Toyota Motor Corporation May 8, 2026
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 the plans and expectations of Toyota Motor Corporation and its consolidated subsidiaries (“Toyota”). These forward-looking stateme
Slide 3: FY2026 Results Summary
FY2026 Results Summary • Mitigated the impact of major environmental changes through continuous improvement efforts • Aggressively driving mid- to long-term business structure transformation to return to a sustainable growth trajectory Operating income : 3.8 trillion yen (-1.0 trillion yen YoY) FY20
Slide 4: FY2026 Financial Performance
FY2026 Financial Performance 4
Slide 5: Consolidated Vehicle Sales
Consolidated Vehicle Sales (thousands of vehicles) 10,000 9,362 9,595 102.5% Japan 1,991 2,082 104.6% 8,000 N. America Europe 6,000 2,703 2,934 108.5% Asia 4,000 1,172 1,183 101.0% Other • Central/South America 2,000 1,838 1,759 95.7% • Oceania • Africa 1,659 1,637 98.7% • Middle East, etc. 0 2024.4
Slide 6: Consolidated Financial Summary
Consolidated Financial Summary (billions of yen) 2024.4-2025.3 2025.4-2026.3 Change Sales Revenues 48,036.7 50,684.9 +2,648.2 Operating Income 4,795.5 3,766.2 -1,029.3 Margin 10.0% 7.4% Other Income 1,619.0 1,386.7 -232.2 Share of Profit (Loss) of Investments Accounted for Using the Equity Method 59
Slide 7: Analysis of Consolidated Operating Income
Analysis of Consolidated Operating Income (billions of yen) Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc.： -1,440.0 +710.0 -2,030.0 4,795.5 -195.0 -120.0 Effects of FOREX Cost Reduction Marketing Efforts *2 +605.7 3,766.2 Rates *1 Efforts Increase or Ot
Slide 8: Geographic Operating Income
Geographic Operating Income 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 2,703 2,934 (108.5%) accounted for using the equit
Slide 9: China Business / Financial Services
China Business / Financial Services (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 to Swaps, etc. Met
Slide 10: FY2027 Financial Forecasts
FY2027 Financial Forecasts 10
Slide 11: FY2027 Forecast: Consolidated Vehicle Sales
FY2027 Forecast: Consolidated Vehicle Sales (thousands of vehicles) 10,000 9,595 *1 9,600 *2 100.1% 2,082 2,070 99.4% 8,000 Japan 6,000 2,934 2,990 101.9% N. America Europe 4,000 1,183 1,190 100.6% Asia 1,759 1,820 103.5% Other 2,000 1,637 93.4% • Central/South America 1,530 • Oceania 0 • Africa FY2
Slide 12: FY2027 Forecast: Consolidated Financial Summary
FY2027 Forecast: Consolidated Financial Summary FY26 Results FY27 Forecast (billions of yen) Change 2025.4-2026.3 2026.4-2027.3 Sales Revenues 50,684.9 51,000.0 +315.1 Operating Income 3,766.2 3,000.0 -766.2 Margin 7.4% 5.9% Other Income 1,386.7 1,230.0 -156.7 Share of Profit (Loss) of Investments A
Slide 13: Analysis of FY2027 Forecast: Consolidated Operating Income
Analysis of FY2027 Forecast: Consolidated Operating Income (vs. FY2026 Results) Excluding the overall impact of foreign exchange Which includes: (billions of yen) rates and swap valuation gains/losses, etc： -845.0 Impact from Deconsolidation of Hino Motors -40.0 +235.0 -985.0 3,766.2 Effects of +330
Slide 14: Shareholder Return
Shareholder Return TOYOTA 14
Slide 15: Dividends and Dividend Forecast
Dividends and Dividend Forecast ◼ Our dividend policy is to “increase dividends in a stable and continuous manner” to reward our long-term shareholders. ◼ FY2026 : Full-year 95 yen (+5 yen YoY), year-end 50 yen (±0 yen YoY) ◼ FY2027 forecast : Full-year 100 yen (+5 yen YoY) 100［ Forecast ］+5 100 95
Slide 16: Share Repurchases
Share Repurchases ◼ FY2026 year-end: No share repurchase limit ◼ Taking into account the stock price level and other factors, in order to respond, as necessary, to requests to sell our company shares, we will flexibly implement share repurchases. No interim and no year-end repurchases 1,600 3,600 3,
Slide 17: Toward Business Structure Reform
Toward Business Structure Reform 17
Slide 18: Analysis of FY2027 Forecast: Consolidated Operating Income
Analysis of FY2027 Forecast: Consolidated Operating Income (vs. FY2024 Results) (billions of yen) +630.0 -845.0 5,352.9 -352.9 5,050.0 +1,730.0 -1,380.0 Market -1,465.0 Effects of Materials Environment, FOREX Rates Prices etc. -670.0 Tariff Impact Comprehensive Improvement 3,000.0 Investments Effort
Slide 19: Initiatives for Business Structure Reform
Initiatives for Business Structure Reform Making ever-better cars Transform into a mobility company Further expansion of Initiative 1 Five-brand strategy existing value chain earnings New mobility Price Covering a wide range of customers with a diverse vehicle lineup led Revenue growth through Lexus
Slide 20: Business Structure Reform: Enhancing Earning Power
Business Structure Reform: Enhancing Earning Power Reinforcement of core earning power HEV Reorganization Further Cost production of production advancement reductions, capacity models of procurement beginning enhancement localization at the source Maximum utilization of production capacity Effective
Slide 21: Business Structure Reform: Mobility Company
Business Structure Reform: Mobility Company Aim to further expand profit increases through new initiatives in addition to existing VC measures Trends in VC Operating Income（on a management accounting basis） • Mobility across land, sea, & air • SDV Expand customer touchpoints and • Robotics increase
Slide 22: Business Structure Reform: Transform into a Mobility Company
Business Structure Reform: Transform into a Mobility Company ・Initiatives leveraging robotics Factory Initiatives (under demonstration) Non-factory Initiatives Parts transportation Parts picking Transportation of Product picking medical devices (under demonstration) To be expanded beyond factories i
Slide 23: Transform into a Mobility Company: Target 20% ROE
Transform into a Mobility Company現在 : Target 20% ROE Past Current Mobility company (High earnings volatility due to <FY2020> new-vehicle-centric business) (Expand and stabilize profits) ROE 10% 10% 20% New areas 3.8 trillion yen Value Profit 2.0 trillion yen Value • Expand value chain businesses cha
Slide 24: (Ref.) Consolidated Vehicle Sales (3 months)
(Ref.) Consolidated Vehicle Sales (3 months) （thousands of vehicles） 2,500 2,362 2,293 97.1% Japan 2,000 536 565 105.4% N. America Europe 1,500 660 616 93.4% Asia 1,000 306 302 98.7% Other • Central/South America 500 460 434 94.5% • Oceania • Africa 399 375 93.9% • Middle East, etc. 0 2025.1-3 2026.
Slide 25: (Ref.) Consolidated Financial Summary (3 months)
(Ref.) Consolidated Financial Summary (3 months) (billions of yen) 2025.1-3 2026.1-3 Change Sales Revenues 12,363.1 12,597.3 +234.1 Operating Income 1,116.0 569.4 -546.6 Margin 9.0% 4.5% Other Income -131.5 395.0 +526.6 Share of Profit (Loss) of Investments Accounted for Using the Equity Method 136.
Slide 26: (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.： -680.0 +80.0 -80.0 1,116.0 -35.0 -565.0 Effects of Cost Effects of FOREX Reduction Marketing Rates *1 Efforts Activities *2 Whic
Slide 27: (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 m
Slide 28: (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 29: (Ref.) Transition of Financial Performance
(Ref.) Transition of Financial Performance Consolidated Vehicle Sales Operating Income Net Income Attributable to (trillions of yen) Sales *1 (thousands of vehicles) Revenues (billions of yen) Toyota Motor Corporation 51.0 Operating Margin (%) 9,595 9,600 48.0 50.6 11.9 Net Margin (%) (billions of y
Slide 30: (Ref.) FY2027 Forecast: Vehicle Production and Retail Sales
(Ref.) FY2027 Forecast: Vehicle Production and Retail Sales (thousands of vehicles) FY26 Results FY27 Forecast Change 2025.4-2026.3 2026.4-2027.3 Japan 3,242 3,350 +108 Vehicle *1 生産 Overseas Production 6,651 6,650 -1 Toyota & Lexus Total 9,893 10,000 +107 Japan 1,475 1,500 +25 Retail *1 Vehicle Ove
Slide 31: (Ref.) Transition of ROE
(Ref.) Transition of ROE *1 18.0% 15.8% 16.0% 13.7% 13.9% 13.8% 13.7% 14.0% 13.6% 12.0% 11.5% 10.6% 10.0% 10.2% 10.1% 9.8% 10.0% Cost of Equity 9.0% Approximately 6-10%*2 8.5% 8.0% 6.0% 3.9% 4.0% 2.7% 2.0% 0.0% 11.3 12.3 13.3 14.3 15.3 16.3 17.3 18.3 19.3 20.3 21.3 22.3 23.3 24.3 25.3 26.3 ＊1 11.3-1
Slide 32: (Ref.) Definitions of Consolidated and Retail Vehicle Sales
(Ref.) Definitions of Consolidated and Retail Vehicle Sales *1 Daihatsu- and Hino- brand vehicles *2 Distributors or Dealers outside consolidation Consolidated Vehicle Sales Total Retail Vehicle Sales Customers Toyota- and Lexus- brand vehicles Toyota and Lexus Vehicle Sales Number of vehicles produ