Toyota Motor Corp. · TSE:7203
Toyota Motor — Q2 2026 Earnings Presentation
30 slides from Toyota Motor's earnings presentation, Nov 5, 2025
Slide 1: FY2026 Second Quarter Financial Results
FY2026 Second Quarter Financial Results Toyota Motor Corporation CENTURY November 5, 2025
Slide 2: Cautionary Statement with Respect to Forward-Looking Statements
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 Second Quarter Results Summary
FY2026 Second Quarter Results Summary Leveraging our product’s competitiveness, we will continue to take on future challenges while aiming to build a profit structure that is resilient to environmental changes. Operating income 2.0 trillion yen (-0.5 trillion yen YoY) Actual - Despite the impact of
Slide 4: FY2026 Second Quarter Financial Performance
FY2026 Second Quarter Financial Performance 4
Slide 5: Consolidated Vehicle Sales (FY2026 First Half)
Consolidated Vehicle Sales (FY2026 First Half) (thousands of vehicles) 5,000 4,556 4,783 105.0% Japan 4,000 939 970 103.3% N. America Europe 3,000 1,348 1,533 113.8% Asia 2,000 547 573 104.6% Other Central and 1,000 905 853 94.3% South America, Oceania, Africa, 818 854 104.5% The Middle East, etc. 0
Slide 6: Consolidated Financial Summary (FY2026 First Half)
Consolidated Financial Summary (FY2026 First Half) (billions of yen) 2024.4-9 2025.4-9 Change Sales Revenues 23,282.4 24,630.7 +1,348.3 Operating Income 2,464.2 2,005.6 -458.5 Margin 10.6% 8.1% Other Income 267.8 472.4 +204.5 Share of Profit (Loss) of Investments Accounted for Using the Equity Metho
Slide 7: Analysis of Consolidated Operating Income (FY2026 First Half)
Analysis of Consolidated Operating Income (FY2026 First Half) Excluding the overall impact of foreign exchange (billions of yen) rates and swap valuation gains/losses, etc.： -500.0 +645.0 -1,075.0 2,464.2 -390.0 -70.0 +431.5 2,005.6 Effects of Cost Marketing FOREX Reduction Efforts *2 Rates *1 Effor
Slide 8: Geographic Operating Income (FY2026 First Half)
Geographic Operating Income (FY2026 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 for using the equity
Slide 9: China Business / Financial Services (FY2026 First Half)
China Business / Financial Services (FY2026 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 ■We intend to continue to “increase dividends in a stable and continuous manner” to reward our long-term shareholders. ■Interim: 45 yen (+5 yen YoY) ■Full-year forecast: 95 yen (+5 yen YoY) （yen） 100 90 95 [Forecast] Year-end 90 +5 Dividend * 80 75 Interim 70 Dividend
Slide 12: FY2026 Financial Forecasts
FY2026 Financial Forecasts 12
Slide 13: FY2026 Forecast: Consolidated Vehicle Sales
FY2026 Forecast: Consolidated Vehicle Sales (thousands of vehicles) 10,000 9,800 9,800 100.0% 9,362 Japan 2,070 2,080 1,991 8,000 100.5% N. America Europe 6,000 2,960 2,960 100.0% 2,703 Asia 4,000 1,230 1,240 100.8% 1,172 Other 1,860 1,840 98.9% 1,838 Central and South America, 2,000 Oceania, 1,680
Slide 14: FY2026 Forecast: Consolidated Financial Summary
FY2026 Forecast: Consolidated Financial Summary Previous Forecast New Forecast FY2025 Results (billions of yen) Change 2024.4-2025.3 2025.4-2026.3 2025.4-2026.3 Sales Revenues 48,500.0 49,000.0 +500.0 48,036.7 Operating Income 3,200.0 3,400.0 +200.0 4,795.5 Margin 6.6% 6.9% 10.0% Other Income 670.0
Slide 15: Analysis of FY2026 Forecast: Consolidated Operating Income
Analysis of FY2026 Forecast: Consolidated Operating Income (vs. FY2025 Results) (billions of yen) Volume, Model Mix +320.0 +400.0 -555.0 Cost Reduction +275.0 4,795.5 -230.0 Value Chain Profits Other +195.0 +119.5 One-time -1,450.0 Factors Effects of FOREX Materials Prices Rates +909.5 3,400.0 -470.
Slide 16: Japan Mobility Show
Japan Mobility Show Continuing invention for people around the world and pioneering a new future for cars. 16
Slide 17: Five Brands Strategy
Five Brands Strategy Brand Formation TOYOTA 17
Slide 18: Software development platform, "Arene"
Profit Base Strengthening the profit base even further through synergies between the new vehicles and value chain businesses. Trend of Operating Income of Value Chain Business RAV4 is the first model featuring our new Parts and accessories Software development platform, “Arene” Others (used vehicle,
Slide 19: Profit Structure
Profit Structure ■Through efforts to reinforce our operational foundation activities, we have thoroughly focused on safety and quality while securing additional capacity, leading to a stabilization in production. However, combined with the impact of U.S. tariffs, the break-even volume has significan
Slide 20: Analysis of FY2026 Forecast: Consolidated Operating Income
(Ref.) Analysis of FY2026 Forecast: Consolidated Operating Income (vs. FY2025 Results) Excluding the overall impact of foreign exchange (billions of yen) rates and swap valuation gains/losses, etc： -1,335.5 Which includes: 4,795.5 -555.0 +725.0 -1,900.5 Tariff Impact -1,450.0 -160.0 Effects of FOREX
Slide 21: Analysis of FY2026 Forecast (vs. Previous Forecast)
(Ref.) Analysis of FY2026 Forecast: Consolidated Operating Income (vs. Previous Forecast) Excluding the overall impact of foreign exchange (billions of yen) rates and swap valuation gains/losses, etc： ±0.0 3,200.0 +170.0 +85.0 +70.0 -155.0 +30.0 3,400.0 Cost Marketing Increase or Other *4 Effects of
Slide 22: Consolidated Vehicle Sales (3 months)
(Ref.) Consolidated Vehicle Sales (3 months) （thousands of vehicles） 2,500 2,304 2,372 102.9% Japan 2,000 517 488 94.4% N.America Europe 1,500 643 739 115.0% Asia Other 1,000 256 275 107.4% Central and 469 432 South America, 92.3% Oceania, 500 Africa, 420 437 104.1% The Middle East, 0 etc. 2024.7-9
Slide 23: Consolidated Financial Summary (3 months)
(Ref.) Consolidated Financial Summary (3 months) (billions of yen) 2024.7-9 2025.7-9 Change Sales Revenues 11,444.5 12,377.4 +932.8 Operating Income 1,155.7 839.5 -316.2 Margin 10.1% 6.8% Other Income -295.9 386.4 +682.3 Share of Profit (Loss) of Investments Accounted for Using the Equity Method 99.
Slide 24: 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.： -375.0 Which includes: +385.0 -705.0 Tariff Impact -450.0 1,155.7 -225.0 -55.0 Effects of Marketing +283.8 839.5 FOREX Cost Redu
Slide 25: 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 26: 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 27: Repurchase of Shares
(Ref.) Repurchase of Shares ■ FY2026 interim: no share repurchase budget (a resolution for approx. 3.2 trillion yen was approved in June.) ■Depending on the stock price level and other factors, and the need to respond to requests to sell our shares, we will continue to flexibly implement share repur
Slide 28: 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) 48.0 49.0 9,443 9,362 9,800 45.0 11.9 Net Marg
Slide 29: FY2026 Forecast: Vehicle Production and Retail Sales
(Ref.) FY2026 Forecast: Vehicle Production and Retail Sales (thousands of vehicles) Previous Forecast New Forecast FY2025 Results Change 2025.4-2026.3 2025.4-2026.3 2024.4-2025.3 Japan 3,300 3,300 ±0 3,236 Vehicle 生産 Overseas ±0 Production * 6,700 6,700 6,443 Toyota & Lexus Total 10,000 10,000 ±0 9,
Slide 30: 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