Toyota Motor Corp. · TSE:7203
Toyota Motor — Q2 2025 Earnings Presentation
29 slides from Toyota Motor's earnings presentation, Nov 6, 2024
Slide 1: FY2025 Second Quarter Financial Results
FY2025 Second Quarter Financial Results Camry Toyota Motor Corporation November 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 the plans and expectations of Toyota Motor Corporation and its consolidated subsidiaries (“Toyota”). These forward-looking stateme
Slide 3: FY2025 Second Quarter Results Summary
FY2025 Second Quarter Results Summary Through the strengthening of our foundations, we expect production to be normalized in the second half of this fiscal year. We will continue to invest in human resources and growth areas while maintaining and strengthening our earning power. Operating income 2,4
Slide 4: FY2025 Second Quarter Financial Performance
FY2025 Second Quarter Financial Performance 4
Slide 5: Consolidated Vehicle Sales (FY2025 First Half)
Consolidated Vehicle Sales (FY2025 First Half) (thousands of vehicles) 5,000 4,744 4,556 96.0% Japan 4,000 1,072 939 87.6% N. America Europe 3,000 1,385 1,348 97.3% Asia 2,000 557 547 98.3% Other Central and 1,000 895 905 101.0% South America, Oceania, Africa, 835 818 97.9% The Middle East, etc. 0 2
Slide 6: Consolidated Financial Summary (FY2025 First Half)
Consolidated Financial Summary (FY2025 First Half) (billions of yen) 2023.4-9 2024.4-9 Change Sales Revenues 21,981.6 23,282.4 +1,300.8 Operating Income 2,559.2 2,464.2 -95.0 Margin 11.6% 10.6% Other Income 962.2 267.8 -694.3 Share of Profit (Loss) of Investments Accounted for Using the Equity Metho
Slide 7: Analysis of Consolidated Operating Income (FY2025 First Half)
Analysis of Consolidated Operating Income (FY2025 First Half) (billions of yen) +620.0 -285.0 2,559.2 -180.0 2,464.2 -110.0 -140.0 Human Other Growth Resources Areas Volume, Other Increase or Of which for Model Mix Decrease Factors suppliers and dealers Effects of FOREX Rates +610.0 Swap etc. +78.7
Slide 8: Geographic Operating Income (FY2025 First Half)
Geographic Operating Income (FY2025 First Half) 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 1,385 1,348（97.3%） f
Slide 9: China Business / Financial Services (FY2025 First Half)
China Business / Financial Services (FY2025 First Half) (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 relatin
Slide 10: Shareholder Return
Shareholder Return TOYOTA 10
Slide 11: Dividends and Dividend Forecast
Dividends and Dividend Forecast ◼ The policy to “increase dividends in a stable and continuous manner” in order to reward our long-term shareholders ◼ Interim: 40 yen (YoY +10 yen) ◼ Full-Year Forecast: 90 yen (YoY +15 yen) 100 90 90 [Forecast] 80 75 +15 (yen) 70 Year-end Dividend* 60 60 50 [Forecas
Slide 12: FY2025 Financial Forecasts
FY2025 Financial Forecasts 12
Slide 13: FY2025 Forecast: Consolidated Vehicle Sales
FY2025 Forecast: Consolidated Vehicle Sales (thousands of vehicles) 10,000 9,500 9,400 98.9% 9,443 Japan 8,000 1,870 2,030 108.6% 1,993 N. America Europe 6,000 2,870 2,720 94.8% 2,816 Asia 4,000 1,160 1,150 99.1% 1,192 Other 1,940 Central and 2,000 1,860 95.9% 1,804 South America, Oceania, 1,660 1,6
Slide 14: FY2025 Forecast: Consolidated Financial Summary
FY2025 Forecast: Consolidated Financial Summary （billions of yen） FY24 Results Previous Forecast New Forecast Change 2023.4-2024.3 2024.4-2025.3 2024.4-2025.3 Sales Revenues 46,000.0 46,000.0 ±0 45,095.3 Operating Income 4,300.0 4,300.0 ±0 5,352.9 Margin 9.3% 9.3% 11.9% Other Income 770.0 680.0 -90.
Slide 15: Analysis of FY2025 Forecast: Consolidated Operating Income (vs. FY2024 Results)
Analysis of FY2025 Forecast: Consolidated Operating Income (vs. FY2024 Results) ◼ Aim to strengthen and accelerate investment in human resources and growth areas while maintaining our earning power. ◼ Recover from temporary negative factors through continuous improvement efforts. Expanded to 830 bil
Slide 16: (Ref.) Analysis of Consolidated Operating Income (FY2025 First Half)
(Ref.) Analysis of Consolidated Operating Income (FY2025 First Half) (billions of yen) Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc.： -420.0 +610.0 +90.0 -70.0 -440.0 Cost Effects of -285.0 2,559.2 Reduction Marketing Increase or 2,464.2 Efforts Activit
Slide 17: (Ref.) Analysis of Consolidated Operating Income (FY2025 First Half)
(Ref.) Analysis of Consolidated Operating Income (FY2025 First Half) Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc.： -420.0 (A) (billions of yen) +610.0 +90.0 -70.0 -440.0 Cost Effects of -285.0 2,559.2 Reduction Marketing 2,464.2 Efforts Activities Incr
Slide 18: (Ref.) Analysis of FY2025 Forecast: Consolidated Operating Income (vs. FY2024 Results)
(Ref.) Analysis of FY2025 Forecast: Consolidated Operating Income (vs. FY2024 Results) Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc： -1,090.0 (billions of yen) +245.0 -160.0 5,352.9 -100.0 -830.0 Effects of Cost Reduction Effects of FOREX Efforts Market
Slide 19: (Ref.) Analysis of Consolidated Operating Income (vs. FY2024 Results)
(Ref.) Analysis of Consolidated Operating Income (vs. FY2024 Results) Excluding the overall impact of foreign exchange (A) rates and swap valuation gains/losses, etc： -1,090.0 (billions of yen) +245.0 -160.0 5,352.9 -100.0 -830.0 Effects of Cost Reduction Effects of FOREX Efforts Marketing -207.9 4,
Slide 20: (Ref.) Analysis of FY2025 Forecast: Consolidated Operating Income (vs. Previous Forecast)
(Ref.) Analysis of FY2025 Forecast: Consolidated Operating Income (vs. Previous Forecast) Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc： +55.0 (billions of yen) +190.0 -10.0 +115.0 -50.0 -245.0 4,300.0 4,300.0 Increase or Cost Marketing Effects of Other
Slide 21: (Ref.) Consolidated Vehicle Sales (3 months)
(Ref.) Consolidated Vehicle Sales (3 months) （thousands of vehicles） 2,500 2,418 2,304 95.3% Japan 2,000 540 517 95.8% N.America Europe 1,500 703 643 91.5% Asia Other 1,000 270 256 94.6% Central and 478 469 98.0% South America, Oceania, 500 Africa, 426 420 98.4% The Middle East, 0 etc. 2023.7-9 2024
Slide 22: (Ref.) Consolidated Financial Summary (3 months)
(Ref.) Consolidated Financial Summary (3 months) (billions of yen) 2023.7-9 2024.7-9 Change Sales Revenues 11,434.7 11,444.5 +9.7 Operating Income 1,438.3 1,155.7 -282.6 Margin 12.6% 10.1% Other Income 362.5 -295.9 -658.5 Share of Profit (Loss) of Investments Accounted for Using the Equity Method 18
Slide 23: (Ref.) Analysis of Consolidated Operating Income (3 months)
(Ref.) Analysis of Consolidated Operating Income (3 months) Excluding the overall impact of foreign exchange (billions of yen) rates and swap valuation gains/losses, etc.： -320.0 +240.0 +35.0 -140.0 -215.0 1,438.3 Cost Effects of -202.6 Reduction Marketing Effects of FOREX Efforts Activities *2 Incr
Slide 24: (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 25: (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 26: (Ref.) Repurchase of Shares
(Ref.) Repurchase of Shares ◼ No increase in the maximum limit of share repurchases for the interim period (already increase the maximum limit by 200 billion yen in September) ◼ “Flexible repurchase of shares while considering factors such as the price level of our common stock” and “to respond to r
Slide 27: (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) 45.0 46.0 11.9 Net Margin (%) 9,443 9,400 9.3
Slide 28: FY2025 Forecast: Vehicle Production and Retail Sales
(Ref.) FY2025 Forecast: Vehicle Production and Retail Sales （thousands of vehicles） Previous Forecast New Forecast FY24 Results Change 2024.4-2025.3 2024.4-2025.3 2023.4-2024.3 Japan 3,350 3,280 -70 3,309 Vehicle 生産 Overseas Production * 6,650 6,420 -230 6,663 Toyota & Lexus Total 10,000 9,700 -300
Slide 29: 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