Toyota Motor Corporation

Profit Statement 2015 2016 2017
Sales JPY bil 28,403 27,597 29,380
Gross Profit JPY bil 6,947 6,054 6,779
EBITDA JPY bil 4,480 3,605 4,134
EBIT JPY bil 2,854 1,994 2,400
Financing Cost JPY bil -129 -130 -152
Pre-Tax Profit JPY bil 2,983 2,194 2,620
Net Profit JPY bil 2,313 1,831 2,494
Dividends JPY bil 646 628 643
Balance Sheet 2015 2016 2017
Total Assets JPY bil 47,428 48,750 50,308
Non-Current Assets JPY bil 29,218 30,917 32,156
Current Assets JPY bil 18,210 17,834 18,153
Working Capital JPY bil 8,036 8,135 8,521
Shareholders' Equity JPY bil 18,088 18,183 19,430
Liabilities JPY bil 29,339 30,567 30,878
Total Debt JPY bil 18,293 19,156 19,348
Net Debt JPY bil 15,354 15,078 15,394
Ratios 2015 2016 2017
ROE % 12.9 10.1 13.3
ROCE % 6.12 4.80 6.26
Gross Margin % 24.5 21.9 23.1
EBITDA Margin % 15.8 13.1 14.1
EBIT Margin % 10.0 7.23 8.17
Net Margin % 8.14 6.64 8.49
Net Debt/EBITDA 3.43 4.18 3.72
Net Debt/Equity % 84.9 82.9 79.2
Cost of Financing % -0.694 -0.692 -0.789
Valuation 2015 2016 2017
Market Capitalisation USD mil 194,918 179,959 191,770
Enterprise Value (EV) USD mil 322,335 309,051 328,424
Number Of Shares mil 3,137 3,056 2,995
Share Price JPY 7,488 6,878 7,213
EV/EBITDA 8.65 10.2 9.11
EV/Sales 1.36 1.33 1.28
Price/Earnings (P/E) 10.2 11.5 8.66
Price/Book Value (P/BV) 1.30 1.16 1.11
Dividend Yield % 2.75 2.99 2.97

Get all company financials in excel:

Download Sample   $19.99

summary Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                      
Sales JPY bil ... ... ...                   18,584 22,064 25,692 27,235 28,403    
Gross Profit JPY bil ... ... ...                   2,788 4,054 5,704 6,318 6,947    
EBIT JPY bil ... ... ...                   356 1,321 2,292 2,751 2,854    
Net Profit JPY bil ... ... ...                   284 962 1,823 2,173 2,313    
ROE % ... ... ...                   2.58 8.07 13.0 13.2 12.9    
EBIT Margin % ... ... ...                   1.91 5.99 8.92 10.1 10.0    
Net Margin % ... ... ...                   1.53 4.36 7.10 7.98 8.14    
Employees ... ...                     325,905 333,498 338,875 344,109 348,877   ...
balance sheet                                      
Total Assets JPY bil ... ... ...                   30,651 35,483 41,438 47,730 47,428    
Non-Current Assets JPY bil ... ... ...                   18,330 21,698 25,720 29,793 29,218    
Current Assets JPY bil ... ... ...                   12,321 13,785 15,718 17,936 18,210    
Shareholders' Equity JPY bil ... ... ...                   11,067 12,773 15,219 17,647 18,088    
Liabilities JPY bil ... ... ...                   19,585 22,711 26,219 30,083 29,339    
Non-Current Liabilities JPY bil ... ... ...                   7,803 9,798 11,538 13,651 13,215    
Current Liabilities JPY bil ... ... ...                   11,782 12,913 14,681 16,432 16,125    
Net Debt/EBITDA ... ... ...                   5.49 5.12 4.03 4.01 3.43    
Net Debt/Equity % ... ... ...                   70.6 97.2 93.9 94.6 84.9    
Cost of Financing % ... ... ... ...                 -0.808 -0.701 -0.978 -0.806 -0.694    
cash flow                                      
Total Cash From Operations JPY bil ... ... ...                   1,452 2,451 3,646 3,686 4,461    
Total Cash From Investing JPY bil ... ... ...                   -1,443 -3,027 -4,336 -3,813 -3,183    
Total Cash From Financing JPY bil ... ... ...                   -355 477 919 306 -424    
Net Change In Cash JPY bil ... ... ...                   -346 -98.8 229 178 855    
valuation                                      
Market Capitalisation USD mil ... ... ...                   145,762 146,438 193,400 199,320 194,918    
Number Of Shares mil ... ... ...                   3,143 3,167 3,171 3,160 3,137    
Share Price JPY ... ... ...                   3,570 4,005 6,420 7,558 7,488    
Earnings Per Share (EPS) JPY ... ... ...                   90.2 304 575 688 737    
Book Value Per Share JPY ... ... ...                   3,520 4,033 4,800 5,584 5,767    
Dividend Per Share JPY ... ... ...                   60.4 125 165 200 206    
Price/Earnings (P/E) ... ... ...                   39.6 13.2 11.2 11.0 10.2    
Price/Book Value (P/BV) ... ... ...                   1.01 0.993 1.34 1.35 1.30    
Dividend Yield % ... ... ...                   1.69 3.12 2.57 2.64 2.75    
Earnings Per Share Growth % ... ... ... ...                 -30.7 237 89.3 19.6 7.22    
Book Value Per Share Growth % ... ... ... ...                 1.10 14.6 19.0 16.3 3.27    
income statement Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                      
Sales JPY bil ... ... ...                   18,584 22,064 25,692 27,235 28,403    
Cost of Goods & Services JPY bil ... ... ...                   15,796 18,011 19,988 20,916 21,456    
Gross Profit JPY bil ... ... ...                   2,788 4,054 5,704 6,318 6,947    
EBITDA JPY bil ... ... ...                   1,423 2,426 3,543 4,160 4,480    
Depreciation JPY bil ... ... ...                   1,068 1,105 1,251 1,409 1,626    
EBIT JPY bil ... ... ...                   356 1,321 2,292 2,751 2,854    
Financing Cost JPY bil ... ... ...                   -77.2 -82.8 -149 -142 -129    
Extraordinary Cost JPY bil ... ... ...                   0 -0.039 0 0 0    
Pre-Tax Profit JPY bil ... ... ...                   433 1,404 2,441 2,893 2,983    
Tax JPY bil ... ... ...                   262 552 768 893 878    
Minorities JPY bil ... ... ...                   84.7 121 169 135 122    
Net Profit JPY bil ... ... ...                   284 962 1,823 2,173 2,313    
Dividends JPY bil ... ... ...                   190 396 523 631 646    
growth rates                                      
Total Revenue Growth % ... ... ... ...                 -2.16 18.7 16.4 6.00 4.29    
EBITDA Growth % ... ... ... ...                 -13.4 70.4 46.0 17.4 7.70    
EBIT Growth % ... ... ... ...                 -24.1 271 73.5 20.0 3.76    
Pre-Tax Profit Growth % ... ... ... ...                 -23.2 224 73.9 18.5 3.13    
Net Profit Growth % ... ... ... ...                 -30.5 239 89.5 19.2 6.41    
ratios                                      
ROE % ... ... ...                   2.58 8.07 13.0 13.2 12.9    
ROCE % ... ... ... ...                 1.30 3.80 5.86 6.06 6.12    
Gross Margin % ... ... ...                   15.0 18.4 22.2 23.2 24.5    
EBITDA Margin % ... ... ...                   7.66 11.0 13.8 15.3 15.8    
EBIT Margin % ... ... ...                   1.91 5.99 8.92 10.1 10.0    
Net Margin % ... ... ...                   1.53 4.36 7.10 7.98 8.14    
Payout Ratio % ... ... ...                   67.0 41.2 28.7 29.0 27.9    
Cost of Financing % ... ... ... ...                 -0.808 -0.701 -0.978 -0.806 -0.694    
Net Debt/EBITDA ... ... ...                   5.49 5.12 4.03 4.01 3.43    
balance sheet Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                                      
Non-Current Assets JPY bil ... ... ...                   18,330 21,698 25,720 29,793 29,218    
Property, Plant & Equipment JPY bil ... ... ...                   6,235 6,851 7,641 9,296 9,740    
Current Assets JPY bil ... ... ...                   12,321 13,785 15,718 17,936 18,210    
Inventories JPY bil ... ... ...                   1,622 1,715 1,895 2,138 2,062    
Receivables JPY bil ... ... ...                   4,115 7,522 8,016 8,799 8,364    
Cash & Cash Equivalents JPY bil ... ... ...                   1,679 1,718 2,041 2,285 2,939    
Total Assets JPY bil ... ... ...                   30,651 35,483 41,438 47,730 47,428    
Shareholders' Equity JPY bil ... ... ...                   11,067 12,773 15,219 17,647 18,088    
Of Which Minority Interest JPY bil ... ... ...                   516 625 750 859 861    
Liabilities JPY bil ... ... ...                   19,585 22,711 26,219 30,083 29,339    
Non-Current Liabilities JPY bil ... ... ...                   7,803 9,798 11,538 13,651 13,215    
Long-Term Debt JPY bil ... ... ...                   6,042 7,338 8,547 10,014 9,772    
Deferred Tax Liabilities JPY bil ... ... ... ...                 113 1,386 1,812 2,298 2,046    
Current Liabilities JPY bil ... ... ...                   11,782 12,913 14,681 16,432 16,125    
Short-Term Debt JPY bil ... ... ...                   3,451 6,794 7,780 8,963 8,521    
Trade Payables JPY bil ... ... ...                   2,243 2,114 2,213 2,411 2,390    
Equity And Liabilities JPY bil ... ... ...                   30,651 35,483 41,438 47,730 47,428    
growth rates                                      
Total Asset Growth % ... ... ... ...                 2.79 15.8 16.8 15.2 -0.633    
Shareholders' Equity Growth % ... ... ... ...                 1.34 15.4 19.2 16.0 2.50    
Net Debt Growth % ... ... ... ...                 3.53 58.9 15.1 16.8 -8.02    
Total Debt Growth % ... ... ... ...                 -1.41 48.9 15.5 16.2 -3.61    
ratios                                      
Total Debt JPY bil ... ... ...                   9,493 14,132 16,327 18,978 18,293    
Net Debt JPY bil ... ... ...                   7,814 12,414 14,286 16,693 15,354    
Working Capital JPY bil ... ... ...                   3,495 7,124 7,698 8,526 8,036    
Capital Employed JPY bil ... ... ...                   21,824 28,822 33,418 38,320 37,254    
Net Debt/Equity % ... ... ...                   70.6 97.2 93.9 94.6 84.9    
Cost of Financing % ... ... ... ...                 -0.808 -0.701 -0.978 -0.806 -0.694    
cash flow Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
cash flow                                      
Net Profit JPY bil ... ... ...                   284 962 1,823 2,173 2,313    
Depreciation JPY bil ... ... ...                   1,068 1,105 1,251 1,409 1,626    
Non-Cash Items JPY bil ... ... ... ...                 -342 4,013 1,146 932 32.3    
Change in Working Capital JPY bil ... ... ... ...                 443 -3,629 -574 -828 490    
Total Cash From Operations JPY bil ... ... ...                   1,452 2,451 3,646 3,686 4,461    
Capital Expenditures JPY bil ... ... ...                   -724 -1,974 -2,679 -3,358 -4,059    
Other Investments JPY bil ... ... ...                   -719 -1,053 -1,658 -456 877    
Total Cash From Investing JPY bil ... ... ...                   -1,443 -3,027 -4,336 -3,813 -3,183    
Dividends Paid JPY bil ... ... ...                   -190 -396 -523 -631 -646    
Issuance Of Shares JPY bil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Issuance Of Debt JPY bil ... ... ... ...                 -135 4,639 2,196 2,650 -685    
Total Cash From Financing JPY bil ... ... ...                   -355 477 919 306 -424    
Net Change In Cash JPY bil ... ... ...                   -346 -98.8 229 178 855    
ratios                                      
Days Sales Outstanding days ... ... ...                   80.8 124 114 118 107    
Days Sales Of Inventory days ... ... ...                   37.5 34.8 34.6 37.3 35.1    
Days Payable Outstanding days ... ... ...                   51.8 42.8 40.4 42.1 40.6    
Cash Conversion Cycle days ... ... ...                   66.5 116 108 113 102    
Cash Earnings JPY bil ... ... ...                   1,351 2,067 3,074 3,582 3,939    
Cash Earnings Per Share JPY ... ... ...                   430 653 969 1,134 1,256    
Price/Cash Earnings (P/CE) ... ... ...                   8.30 6.14 6.62 6.67 5.96    
Free Cash Flow JPY bil ... ... ...                   9.78 -576 -690 -128 1,278    
Free Cash Flow Yield % ... ... ...                   0.084 -4.93 -3.65 -0.569 5.46    
other data Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                                      
ROA % ... ... ...                   0.938 2.91 4.74 4.87 4.86    
Gross Margin % ... ... ...                   15.0 18.4 22.2 23.2 24.5    
Employees ... ...                     325,905 333,498 338,875 344,109 348,877   ...
Effective Tax Rate % ... ... ...                   60.6 39.3 31.5 30.9 29.4    
Enterprise Value (EV) USD mil ... ... ...                   247,252 289,748 329,123 338,617 322,335    
EV/EBITDA ... ... ...                   13.8 9.54 9.08 9.16 8.65    
EV/Capital Employed ... ... ...                   0.872 0.871 1.04 1.06 1.04    
EV/Sales ... ... ...                   1.06 1.05 1.25 1.40 1.36    
EV/EBIT ... ... ...                   55.4 17.5 14.0 13.9 13.6    
Domestic Sales JPY bil ... ... ...                   11,220 10,986 11,167 14,404 14,759 ... ...
Capital Expenditures (As % of Sales) % ... ... ...                   3.89 8.95 10.4 12.3 14.3    
Revenues From Abroad JPY bil ... ... ...                   7,363 11,078 14,525 12,831 13,644 ... ...
Revenues From Abroad (As % Of Total) % ... ... ...                   39.6 50.2 56.5 47.1 48.0 ... ...
Price Per Vehicle Sold JPY ... ... ...                   2,527,720 2,487,310 2,818,330 3,035,500 3,271,870    
EBIT Per Vehicle Sold JPY ... ... ...                   48,372 148,895 251,438 306,572 328,761    
Net Profit Per Vehicle Sold JPY ... ... ...                   38,569 108,466 199,991 242,236 266,409    
Price Per Vehicle Sold (USD) USD ... ... ...                   31,720 31,156 28,822 26,970 27,227    
EBIT Per Vehicle Sold (USD) USD ... ... ...                   607 1,865 2,571 2,724 2,736    
Net Profit Per Vehicle Sold (USD) USD ... ... ...                   484 1,359 2,045 2,152 2,217    
Sales From Automotive JPY bil ...                       16,995 20,419 23,781 25,062 25,977    
Production of Vehicles vehicles                         7,435,780 8,698,450 9,032,000 8,930,000 8,576,000    
Sales of Vehicles vehicles                         7,351,930 8,870,660 9,116,000 8,972,000 8,681,000    
Production of Vehicles (At Home) vehicles                         3,940,510 4,276,480 4,345,000 4,125,000 3,981,000 ...  
Domestic Production (As % Of Total) %                         53.0 49.2 48.1 46.2 46.4 ...  
Exports Of Vehicles vehicles                         5,281,130 6,591,870 6,751,000 6,818,000 6,622,000    
Exports (As % Of Total Vehicles Sold) %                         71.8 74.3 74.1 76.0 76.3    
Sales of Vehicles At Home vehicles                         2,070,800 2,278,800 2,365,000 2,154,000 2,059,000    
Production in the North America vehicles ... ... ...                   1,275,000 1,676,690 1,759,000 1,933,000 1,970,000 ... ...
Production in Europe vehicles ... ... ...                   383,287 368,930 506,000 556,000 565,000 ... ...
Production in Asia vehicles ... ... ... ...                 1,441,000 1,923,390 1,939,000 1,829,000 1,605,000 ... ...
Production in the Central & South America vehicles ... ... ... ... ... ...             152,000 152,000 242,000 267,000 255,000 ... ...
Production in Oceania vehicles ... ... ... ... ... ...             93,000 93,000 103,000 88,000 95,000 ... ...
Production in Africa vehicles ... ... ... ... ... ...             151,000 151,000 138,000 132,000 105,000 ... ...
Sales in the North America vehicles ... ... ...                   1,872,000 2,468,800 2,529,000 2,715,000 2,839,000    
Sales in Europe vehicles ... ... ...                   798,000 799,085 844,000 859,000 844,000    
Sales in Asia vehicles ... ... ...                   1,327,000 1,683,580 1,609,000 1,489,000 1,345,000    
Sales in Central & South America vehicles ... ... ...                   289,000 289,000 413,000 422,000 392,000 ... ...
Sales in Oceania vehicles ... ... ...                   223,000 223,000 259,000 250,000 260,000 ... ...
Sales in Africa vehicles ... ... ... ... ... ...             214,000 214,000 267,000 245,000 191,000 ... ...
Sales in the Middle East vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... 824,000 830,000 744,000 ... ...
Production in Argentina vehicles ...                       69,739 92,591 ... ... ... ... ...
Production in Brazil vehicles ...                       65,969 82,502 ... ... ... ... ...
Production in Canada vehicles ...                       412,776 519,217 ... ... ... ... ...
Production in Mexico vehicles ... ... ... ... ...               49,596 55,676 ... ... ... ... ...
Production in the USA vehicles ...                       793,363 1,201,360 ... ... ... ... ...
Production in Venezuela vehicles ... ... ...                   9,778 11,998 ... ... ... ... ...
Production in China vehicles ... ...                     701,736 749,206 ... ... ... ... ...
Production in India vehicles ...                       136,525 192,040 ... ... ... ... ...
Production in Indonesia vehicles ...                       191,043 409,594 ... ... ... ... ...
Production in Malaysia vehicles ...                       59,135 71,250 ... ... ... ... ...
Production in Pakistan vehicles ... ... ... ... ... ... ...           46,099 42,640 ... ... ... ... ...
Production in Philippines vehicles ...                       26,128 30,784 ... ... ... ... ...
Production in South Africa vehicles ...                       150,840 150,015 ... ... ... ... ...
Production in Taiwan vehicles ...                       151,898 166,579 ... ... ... ... ...
Production in Thailand vehicles ...                       507,822 881,447 ... ... ... ... ...
Production in Vietnam vehicles ...                       27,245 22,230 ... ... ... ... ...
Production in the Czech Rep. vehicles ... ... ... ... ... ... ... ...         90,687 74,191 ... ... ... ... ...
Production in France vehicles ... ...                     149,813 200,806 ... ... ... ... ...
Production in the UK vehicles ...                       128,106 109,496 ... ... ... ... ...
Production in Turkey vehicles ...                       91,664 76,925 ... ... ... ... ...
Production in Australia vehicles ...                       93,675 101,381 ... ... ... ... ...

Get all company financials in excel:

Download Sample   $19.99

The Toyota Motor Corporation (Toyota) is a multinational automaker headquartered in Toyota, Japan. In 2010, Toyota was the world's largest automobile manufacturer by production and the ninth largest company in the world by revenue. The company was founded by Kiichiro Toyoda in 1937 as a spinoff from his father's company Toyota Industries to create automobiles. Three years earlier, in 1934, while still a department of Toyota Industries, it created its first product, the Type A engine, and, in 1936, its first passenger car, the Toyota AA. Toyota Motor Corporation group companies are Toyota (including the Scion brand), Lexus, Daihatsu and Hino Motors, along with several "non-automotive" companies. Toyota's management philosophy has evolved from the company's origins and has been reflected in the terms "Lean Manufacturing" and Just In Time Production

Toyota Motor Corporation Logo