Toyota Motor Corp. · TSE:7203
Toyota Motor — Q4 2025 Earnings Presentation
33 slides from Toyota Motor's earnings presentation, May 10, 2025
Slide 1: FY2025 Financial Results
FY2025 Financial Results CROWN ESTATE Toyota Motor Corporation May 8, 2025
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 Results Summary
FY2025 Results Summary Continue to invest in future growth based on a robust management foundation Operating income : 4.8 trillion yen ‐Secured a high level of operating income through steady improvement efforts, such as price revision and expansion of value chain earnings, FY2025 while making compr
Slide 4: FY2025 Financial Performance
FY2025 Financial Performance 4
Slide 5: Consolidated Vehicle Sales
Consolidated Vehicle Sales (thousands of vehicles) 10,000 9,443 9,362 99.1% Japan 8,000 1,993 1,991 99.9% N. America Europe 6,000 2,816 2,703 96.0% Asia 4,000 1,192 1,172 98.4% Other Central and 2,000 1,804 1,838 101.9% South America, Oceania, Africa, 1,638 1,659 101.3% The Middle East, etc. 0 2023.
Slide 6: Consolidated Financial Summary
Consolidated Financial Summary (billions of yen) 2023.4-2024.3 2024.4-2025.3 Change Sales Revenues 45,095.3 48,036.7 +2,941.3 Operating Income 5,352.9 4,795.5 -557.3 Margin 11.9% 10.0% Other Income 1,612.1 1,619.0 +6.8 Share of Profit (Loss) of Investments Accounted for Using the Equity Method 763.1
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.: +300.0 5,352.9 -352.9 +360.0 -210.0 -700.0 +150.0 -339.4 Market +535.0 Marketing Increase or 4,795.5 Decrease in Environment, 4,300.0 Cost Reducti
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 accounted 2,816 2,703 (96.0%) for using the equity
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: FY2026 Financial Forecasts
FY2026 Financial Forecasts 10
Slide 11: FY2026 Forecast: Consolidated Vehicle Sales
FY2026 Forecast: Consolidated Vehicle Sales (thousands of vehicles) 10,000 9,362 9,800 104.7% Japan 1,991 2,070 8,000 104.0% N. America Europe 6,000 2,703 2,940 108.8% Asia 4,000 1,172 1,220 104.1% Other 1,900 Central and 1,838 103.4% South America, 2,000 Oceania, 1,659 1,670 100.7% Africa, 0 The Mi
Slide 12: FY2026 Forecast: Consolidated Financial Summary
FY2026 Forecast: Consolidated Financial Summary FY25 Results FY26 Forecast (billions of yen) Change 2024.4-2025.3 2025.4-2026.3 Sales Revenues 48,036.7 48,500.0 +463.3 Operating Income 4,795.5 3,800.0 -995.5 Margin 10.0% 7.8% Other Income 1,619.0 610.0 -1,009.0 Share of Profit (Loss) of Investments
Slide 13: Analysis of FY2026 Forecast: Consolidated Operating Income
Analysis of FY2026 Forecast: Consolidated Operating Income (vs. FY2025 Results) (billions of yen) +400.0 -745.0 4,795.5 One-time -530.0 Expenses Effects of -470.0 FOREX Materials Prices +349.5 3,800.0 Rates /Tariff Impact Comprehensive Improvement Investment Efforts Materials Prices -350.0 (Investme
Slide 14: Toyota's Profit Structure
Toyota’s Profit Structure Operating income improvement after the COVID-19 pandemic 2008.4 - 2009.3 2020.4 - 2021.3 2024.4 - 2025.3 (billions of yen) Consolidated 7.56m 7.64m 9.36m 1,205.0 Vehicle Sales units units units 2,505.0 Operating Income -0.4t yen 2.2t yen 4.8t yen 4,795.5 -2,085.0 Break-even
Slide 15: Further Expansion and Stabilization of Profit
Further Expansion and Stabilization of Profit ◼ Shift to a more stable profit structure leveraging the strength of 150 million UIO －Establish the base for realizing the group vision “Inventing Our Path Forward, Together” * Unit in operation Operating income of new vehicles and value chain (managemen
Slide 16: Transformation into a Mobility Company : ROE 20%
Transformation into a Mobility Company : ROE 20% Current New vehicle focus Mobility company (Highly volatile profit) (Profit expansion and stabilization) ROE 14% 20% New Develop the business of areas 4.8 trillion yen value chain and new areas Value Value Value Profit chain chain chain New New New ve
Slide 17: Shareholder Return
Shareholder Return TOYOTA 17
Slide 18: 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 ◼ FY2025 : Full-year 90 yen (+15 yen YoY), year-end 50 yen (+5 yen YoY) ◼ FY2026 forecast : Full-year 95 yen (+5 yen YoY) Although the situation is unc
Slide 19: Share Repurchases
Share Repurchases ◼ FY2025 year-end: no share repurchase budget ◼ 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 repurchases in the future 1,200 1,000 (billions of yen) Year-end Resolution 800
Slide 20: Cycle of Growing Together
Cycle of Growing Together Growing Together with Our Stakeholders From Now on Optimal mobility Customers Shareholder return Business Investing in foundation the future Local Shareholders communities Paying taxes Suppliers Employees Dealers Aim for stable and continuous wage increases Investment to bo
Slide 21: Analysis of Consolidated Operating Income
(Ref.) Analysis of Consolidated Operating Income (vs. FY2024 Results) Excluding the overall impact of foreign exchange (billions of yen) rates and swap valuation gains/losses, etc.： -845.0 +590.0 ± 0.0 +145.0 -990.0 5,352.9 Cost Marketing -302.3 Effects of Ｒｅｄｕｃｔｉｏｎ Efforts *2 4,795.5 Efforts Increa
Slide 22: Analysis of Consolidated Operating Income
(Ref.) Analysis of Consolidated Operating Income (vs. FY2024 Results) (A) Excluding the overall impact of foreign exchange (billions of yen) rates and swap valuation gains/losses, etc.： -845.0 +590.0 ± 0.0 +145.0 -990.0 5,352.9 Cost Marketing -302.3 Effects of Reduction Efforts 4,795.5 Efforts Incre
Slide 23: 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： -640.5 4,795.5 -745.0 -305.0 +410.0 -745.5 Effects of +390.0 3,800.0 FOREX Cost Marketing Reduction Ef
Slide 24: Analysis of FY2026 Forecast: Consolidated Operating Income
(Ref.) Analysis of FY2026 Forecast: Consolidated Operating Income (vs. FY2025 Results) (A) Excluding the overall impact of foreign exchange (billions of yen) rates and swap valuation gains/losses, etc： -640.5 4,795.5 -745.0 -305.0 +410.0 -745.5 Effects of +390.0 3,800.0 FOREX Cost Marketing Rates Re
Slide 25: Consolidated Vehicle Sales (3 months)
(Ref.) Consolidated Vehicle Sales (3 months) （thousands of vehicles） 2,500 2,362 110.0% Japan 2,148 2,000 536 147.7% N. America 363 Europe 1,500 660 100.8% 655 Asia Other 1,000 308 306 99.5% Central and South America, 500 428 460 107.4% Oceania, Africa, 394 399 101.5% The Middle East, 0 etc. 2024.1-
Slide 26: Consolidated Financial Summary (3 months)
(Ref.) Consolidated Financial Summary (3 months) (billions of yen) 2024.1-3 2025.1-3 Change Sales Revenues 11,072.6 12,363.1 +1,290.5 Operating Income 1,112.6 1,116.0 +3.3 Margin 10.0% 9.0% Other Income 495.3 -131.5 -626.9 Share of Profit (Loss) of Investments Accounted for Using the Equity Method 1
Slide 27: 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.： -160.0 +310.0 -400.0 +100.0 -70.0 1,112.6 +63.4 1,116.0 Effects of Cost Marketing Increase or Other *4 FOREX Reduction Efforts *
Slide 28: 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 29: 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 30: Transition of ROE
(Ref.) Transition of ROE *1 18.0% 16.0% 15.8% 13.7% 13.9% 13.8% 13.7% 14.0% 13.6% 12.0% 11.5% 10.6% 10.0% 10.2% 10.0% 9.8% Cost of Equity 9.0% Approximately 6-10%*2 8.5% 8.0% 6.0% 3.9% 4.0% 2.7% 2.1% 2.0% 0.0% 10.3 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 ＊1 ’10.3-’
Slide 31: 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 48.5 9,443 9,362 9,800 45.0 11.9 Net Marg
Slide 32: FY2026 Forecast: Vehicle Production and Retail Sales
(Ref.) FY2026 Forecast: Vehicle Production and Retail Sales (thousands of vehicles) FY25 Results FY26 Forecast Change 2024.4-2025.3 2025.4-2026.3 Japan 3,236 3,350 +114 Vehicle 生産 Overseas Production * 6,443 6,650 +207 Toyota & Lexus Total 9,679 10,000 +321 Japan 1,505 1,500 ‐5 Retail Vehicle Overse
Slide 33: 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