Toyota Motor Corp/
TM · NYSEMotor Vehicles & Passenger Car Bodies · Fiscal year ends Mar 31 · Reports in JPY
Toyota Motor Corp/ reported revenue of JPY 29,930B in the fiscal year ended Mar 2020, down 1.0% from the year before. Operating income was JPY 2,443B, an operating margin of 8.2%, and net income was JPY 2,076B. Operating cash flow of JPY 3,591B less capital expenditure of JPY 1,408B left free cash flow of JPY 2,183B. Net debt was JPY 11,788B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
|---|---|---|---|---|---|
| Revenue | JPY 28,403B | JPY 27,597B | JPY 29,380B | JPY 30,226B | JPY 29,930B |
| Cost of revenue | JPY 21,456B | JPY 21,543B | JPY 22,600B | – | – |
| Gross profit | JPY 6,947B | JPY 6,054B | JPY 6,779B | – | – |
| Research & development | JPY 1,056B | JPY 1,038B | JPY 1,064B | JPY 1,049B | JPY 1,110B |
| Selling, general & admin | JPY 2,944B | JPY 2,868B | JPY 3,090B | JPY 2,976B | JPY 2,965B |
| Operating income | JPY 2,854B | JPY 1,994B | JPY 2,400B | JPY 2,468B | JPY 2,443B |
| Interest expense | JPY 35.4B | JPY 29.4B | JPY 27.6B | JPY 28.1B | JPY 32.2B |
| Pre-tax income | JPY 2,983B | JPY 2,194B | JPY 2,620B | JPY 2,285B | JPY 2,555B |
| Income tax | JPY 878B | JPY 629B | JPY 504B | JPY 660B | JPY 683B |
| Net income | JPY 2,313B | JPY 1,831B | JPY 2,494B | JPY 1,883B | JPY 2,076B |
| Diluted EPS | 735.36 | 599.22 | 832.78 | 645.11 | 729.50 |
| Diluted shares | 3,145M | 3,056M | 2,995M | 2,919M | 2,846M |
Balance sheet
| Fiscal year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
|---|---|---|---|---|---|
| Cash & equivalents | JPY 2,939B | JPY 2,995B | JPY 3,052B | JPY 3,575B | JPY 4,191B |
| Inventory | JPY 2,062B | JPY 2,389B | JPY 2,540B | JPY 2,656B | JPY 2,435B |
| Current assets | JPY 18,210B | JPY 17,834B | JPY 18,153B | JPY 18,879B | JPY 18,643B |
| Net PP&E | JPY 9,740B | JPY 10,197B | JPY 10,268B | JPY 10,685B | JPY 10,602B |
| Total assets | JPY 47,428B | JPY 48,750B | JPY 50,308B | JPY 51,937B | JPY 52,680B |
| Payables | JPY 2,390B | JPY 2,566B | JPY 2,587B | JPY 2,646B | – |
| Deferred revenue | – | – | – | JPY 675B | JPY 692B |
| Current liabilities | JPY 16,124B | JPY 17,319B | JPY 17,797B | JPY 18,227B | JPY 17,902B |
| Short-term debt | JPY 4,698B | JPY 4,954B | JPY 5,155B | JPY 5,345B | JPY 5,286B |
| Long-term debt | JPY 9,772B | JPY 9,912B | JPY 10,006B | JPY 10,551B | JPY 10,693B |
| Total liabilities | JPY 29,339B | JPY 30,081B | JPY 30,386B | JPY 31,372B | JPY 31,439B |
| Shareholders' equity | JPY 16,747B | JPY 17,515B | JPY 18,736B | JPY 19,348B | JPY 20,061B |
| Backlog (remaining obligations) | – | – | – | JPY 553B | JPY 590B |
Cash flow
| Fiscal year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
|---|---|---|---|---|---|
| Operating cash flow | JPY 4,461B | JPY 3,568B | JPY 4,223B | JPY 3,767B | JPY 3,591B |
| Capital expenditure | JPY 1,283B | JPY 1,224B | JPY 1,291B | JPY 1,453B | JPY 1,408B |
| Free cash flow | JPY 3,178B | JPY 2,345B | JPY 2,932B | JPY 2,314B | JPY 2,183B |
| Depreciation & amortisation | JPY 1,626B | JPY 1,611B | JPY 1,734B | JPY 1,792B | JPY 1,605B |
| Stock-based compensation | JPY 0 | JPY 0 | JPY 0 | JPY 0 | JPY 0 |
| Dividends paid | JPY 705B | JPY 634B | JPY 621B | JPY 636B | JPY 619B |
| Dividend per share | 210.00 | 210.00 | 220.00 | 220.00 | 220.00 |
Key ratios
| Fiscal year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | −2.8% | 6.5% | 2.9% | −1.0% |
| Operating income growth (YoY) | – | −30.1% | 20.3% | 2.8% | −1.0% |
| EPS growth (YoY) | – | −18.5% | 39.0% | −22.5% | 13.1% |
| Gross margin | 24.5% | 21.9% | 23.1% | – | – |
| Operating margin | 10.0% | 7.2% | 8.2% | 8.2% | 8.2% |
| Net margin | 8.1% | 6.6% | 8.5% | 6.2% | 6.9% |
| Return on equityBlank when equity is negative | 13.8% | 10.5% | 13.3% | 9.7% | 10.3% |
| ROCEEBIT ÷ (assets − current liabilities) | 9.1% | 6.3% | 7.4% | 7.3% | 7.0% |
| Free cash flow margin | 11.2% | 8.5% | 10.0% | 7.7% | 7.3% |
| Cash conversion (CFO ÷ net income) | 1.93x | 1.95x | 1.69x | 2.00x | 1.73x |
| Inventory days | 35 | 40 | 41 | – | – |
| Payable days | 41 | 43 | 42 | – | – |
| Interest cover | 80.6x | 67.9x | 87.0x | 87.9x | 75.8x |
| Debt ÷ equity | 0.86x | 0.85x | 0.81x | 0.82x | 0.80x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | JPY 11,531B | JPY 11,870B | JPY 12,109B | JPY 12,321B | JPY 11,788B |
| Current ratio | 1.13x | 1.03x | 1.02x | 1.04x | 1.04x |
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Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.