Financials Toyota Industries Corporation

Equities

6201

JP3634600005

Heavy Machinery & Vehicles

Market Closed - Japan Exchange Other stock markets 01:30:00 2024-12-10 am EST			5-day change	1st Jan Change
11,170.00 ^JPY	+0.77%		-0.76%	-2.87%

Dec. 04	Japan to Inject Another 800 Billion Yen into Semiconductor Startup Rapidus	MT
Nov. 28	Toyota: global sales up 0.8% in October	CF

Projected Income Statement: Toyota Industries Corporation

income-statement-evolution-chart TOYOTA-INDUSTRIES-CORPORA

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	2,171,355	2,118,302	2,705,183	3,379,891	3,833,205	4,025,921	4,153,520	4,344,099
Change	-	-2.44%	27.71%	24.94%	13.41%	5.03%	3.17%	4.59%
EBITDA ¹	336,545	327,998	382,803	427,666	485,343	544,967	568,965	593,849
Change	-	-2.54%	16.71%	11.72%	13.49%	12.28%	4.4%	4.37%
EBIT ¹	128,233	118,159	159,066	169,904	200,404	249,177	268,600	287,857
Change	-	-7.86%	34.62%	6.81%	17.95%	24.34%	7.79%	7.17%
Interest Paid ¹	-8,283	-9,830	-7,282	-13,976	-21,391	-21,415	-21,704	-22,979
Earnings before Tax (EBT) ¹	196,288	184,011	246,123	262,967	309,190	367,349	390,322	415,155
Change	-	-6.25%	33.75%	6.84%	17.58%	18.81%	6.25%	6.36%
Net income ¹	145,881	136,700	180,306	192,861	228,778	272,900	285,416	303,724
Change	-	-6.29%	31.9%	6.96%	18.62%	19.29%	4.59%	6.41%
Announcement Date	4/30/20	4/28/21	4/28/22	4/27/23	4/26/24	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2
Net sales ¹	521,537	546,867	430,857	526,150	566,597	594,698	616,914	643,928	707,107	737,234	759,631	842,865	865,069	912,326	889,455	947,968	990,144	1,005,638	1,025,758	989,733	992,154	969,890	1,033,012	1,018,638	1,041,709	1,040,430	1,109,367	1,081,041
Change	-	4.86%	-21.21%	22.12%	7.69%	4.96%	3.74%	4.38%	9.81%	4.26%	3.04%	10.96%	2.63%	5.46%	-2.51%	6.58%	4.45%	1.56%	2%	-3.51%	0.24%	-2.24%	6.51%	-1.39%	2.26%	-0.12%	6.63%	-2.55%
EBITDA	81,070	82,819	-6,479	89,023	101,466	92,892	113,241	92,775	56,602	78,260	-	-	-	97,412	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	2.16%	-	-	13.98%	-8.45%	21.91%	-18.07%	-38.99%	38.26%	-100%	-	-	-	-100%	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	29,457	27,194	-6,496	36,697	48,950	39,008	57,493	36,874	41,925	22,774	43,611	48,399	46,678	31,216	52,509	69,543	78,859	-507	67,896	58,418	63,617	51,212	68,113	71,485	73,023	62,087	70,402	77,119
Change	-	-7.68%	-	-	33.39%	-20.31%	47.39%	-35.86%	13.7%	-45.68%	91.49%	10.98%	-3.56%	-33.12%	68.21%	32.44%	13.4%	-	-	-13.96%	8.9%	-19.5%	33%	4.95%	2.15%	-14.98%	13.39%	9.54%
Charge d'intérêts	-1,526	-	-2,477	-	-3,204	-	-1,682	-1,841	-1,537	-2,222	-2,327	-	-3,988	-	-4,892	-	-8,654	-	-4,618	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	62,206	26,023	29,869	35,343	79,631	39,168	101,302	36,499	81,709	26,613	91,711	53,247	85,125	32,884	111,609	68,923	121,727	6,931	139,888	52,952	113,512	51,865	133,283	72,306	134,566	62,913	150,952	76,295
Change	-	-58.17%	14.78%	18.33%	125.31%	-50.81%	158.63%	-63.97%	123.87%	-67.43%	244.61%	-41.94%	59.87%	-61.37%	239.4%	-38.25%	76.61%	-94.31%	1,918.29%	-62.15%	114.37%	-54.31%	156.98%	-45.75%	86.11%	-53.25%	139.94%	-49.46%
Net income ¹	47,043	16,554	24,070	24,038	61,742	26,850	77,598	25,788	59,398	17,522	71,623	35,265	62,340	23,633	86,978	51,830	91,993	-2,023	111,206	36,215	83,519	37,117	100,430	51,269	101,004	44,537	116,978	52,227
Change	-	-64.81%	45.4%	-0.13%	156.85%	-56.51%	189.01%	-66.77%	130.33%	-70.5%	308.76%	-50.76%	76.78%	-62.09%	268.04%	-40.41%	77.49%	-	-	-67.43%	130.62%	-55.56%	170.58%	-48.95%	97.01%	-55.91%	162.65%	-55.35%
Announcement Date	1/31/20	4/30/20	7/31/20	10/29/20	2/2/21	4/28/21	7/30/21	10/29/21	2/2/22	4/28/22	7/29/22	10/28/22	2/3/23	4/27/23	7/28/23	10/31/23	2/2/24	4/26/24	7/31/24	10/31/24	-	-	-	-	-	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2021 S1	2022 S1	2023 S1	2024 S1	2024 S2	2025 S1	2025 S2
Net sales ¹	957,007	1,260,842	1,602,496	1,837,423	1,995,782	2,015,491	1,935,000
Change	-	31.75%	27.1%	14.66%	8.62%	0.99%	-3.99%
EBITDA	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
EBIT ¹	30,201	94,367	92,010	122,052	78,352	126,314	104,000
Change	-	212.46%	-2.5%	32.65%	-35.8%	61.21%	-17.67%
Charge d'intérêts	-5,354	-3,523	-5,422	-10,733	-	-10,815	-
Earnings before Tax (EBT) ¹	65,212	137,801	144,958	180,532	128,658	192,840	157,000
Change	-	111.31%	5.19%	24.54%	-28.73%	49.89%	-18.59%
Net income ¹	48,108	103,386	106,888	138,808	89,970	147,421	113,000
Change	-	114.9%	3.39%	29.86%	-35.18%	63.86%	-23.35%
Announcement Date	10/29/20	10/29/21	10/28/22	10/31/23	4/26/24	10/31/24	-

¹JPY in Million

Estimates

Forecast Balance Sheet: Toyota Industries Corporation

balance-sheet-analysis-chart TOYOTA-INDUSTRIES-CORPORA

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	981,626	1,107,114	1,143,430	1,496,408	1,209,416	929,067	972,049	812,601
Change	-	12.78%	3.28%	30.87%	-19.18%	-23.18%	4.63%	-16.4%
Announcement Date	4/30/20	4/28/21	4/28/22	4/27/23	4/26/24	-	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: Toyota Industries Corporation

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	216,002	222,360	237,371	289,974	348,926	278,880	304,911	307,628
Change	-	2.94%	6.75%	22.16%	20.33%	-20.07%	9.33%	0.89%
Free Cash Flow (FCF) ¹	130,601	-21,778	83,714	-232,678	441,122	262,366	225,221	372,193
Change	-	-116.68%	-484.4%	-377.94%	-289.58%	-40.52%	-14.16%	65.26%
Announcement Date	4/30/20	4/28/21	4/28/22	4/27/23	4/26/24	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: Toyota Industries Corporation

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	15.5%	15.48%	14.15%	12.65%	12.66%	13.54%	13.7%	13.67%
EBIT Margin (%)	5.91%	5.58%	5.88%	5.03%	5.23%	6.19%	6.47%	6.63%
EBT Margin (%)	9.04%	8.69%	9.1%	7.78%	8.07%	9.12%	9.4%	9.56%
Net margin (%)	6.72%	6.45%	6.67%	5.71%	5.97%	6.78%	6.87%	6.99%
FCF margin (%)	6.01%	-1.03%	3.09%	-6.88%	11.51%	6.52%	5.42%	8.57%
FCF / Net Income (%)	89.53%	-15.93%	46.43%	-120.65%	192.82%	96.14%	78.91%	122.54%
Profitability
ROA	3.72%	3.12%	3.48%	3.4%	3.27%	2.53%	2.73%	2.88%
ROE	5.9%	4.8%	5%	5%	4.6%	4.88%	5.22%	5.54%
Financial Health
Leverage (Debt/EBITDA)	2.92x	3.38x	2.99x	3.5x	2.49x	1.7x	1.71x	1.37x
Debt / Free cash flow	7.52x	-50.84x	13.66x	-6.43x	2.74x	3.54x	4.32x	2.18x
Capital Intensity
CAPEX / Current Assets (%)	9.95%	10.5%	8.77%	8.58%	9.1%	6.93%	7.34%	7.08%
CAPEX / EBITDA (%)	64.18%	67.79%	62.01%	67.8%	71.89%	51.17%	53.59%	51.8%
CAPEX / FCF (%)	165.39%	-1,021.03%	283.55%	-124.62%	79.1%	106.29%	135.38%	82.65%
Items per share
Cash flow per share ¹	1,141	1,116	1,301	1,451	1,655	1,490	1,483	1,889
Change	-	-2.16%	16.59%	11.53%	14%	-9.93%	-0.48%	27.35%
Dividend per Share ¹	160	150	170	190	240	280	300.7	326.7
Change	-	-6.25%	13.33%	11.76%	26.32%	16.67%	7.4%	8.63%
Book Value Per Share ¹	7,855	10,423	12,653	12,360	19,472	17,430	18,561	18,919
Change	-	32.69%	21.4%	-2.32%	57.55%	-10.49%	6.49%	1.93%
EPS ¹	469.8	440.3	580.7	621.2	736.9	902.8	954.6	1,038
Change	-	-6.29%	31.9%	6.96%	18.62%	22.52%	5.74%	8.71%
Nbr of stocks (in thousands)	310,484	310,483	310,480	310,479	310,478	306,211	306,211	306,211
Announcement Date	4/30/20	4/28/21	4/28/22	4/27/23	4/26/24	-	-	-