Financials Toyota Motor Corporation

Equities

7203

JP3633400001

Auto & Truck Manufacturers

Market Closed - Japan Exchange Other stock markets 01:30:00 2025-01-14 am EST			5-day change	1st Jan Change
2,907.50 ^JPY	-0.84%		-4.73%	-7.58%

01:04pm	Toyota: record production in France in 2024	CF
12:51pm	US Finalizes Rules Barring Cars With Chinese, Russian Tech	MT

Projected Income Statement: Toyota Motor Corporation

income-statement-evolution-chart TOYOTA-MOTOR-CORPORATION

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	29,929,992	27,214,594	31,379,507	37,154,298	45,095,325	47,149,084	48,935,718	50,465,734
Change	-	-9.07%	15.3%	18.4%	21.37%	4.55%	3.79%	3.13%
EBITDA ¹	3,256,000	3,074,648	4,002,897	4,764,929	7,440,000	6,454,055	6,892,528	7,044,161
Change	-	-5.57%	30.19%	19.04%	56.14%	-13.25%	6.79%	2.2%
EBIT ¹	2,442,869	2,197,748	2,995,697	2,725,025	5,352,934	4,881,646	5,091,726	5,206,827
Change	-	-10.03%	36.31%	-9.04%	96.44%	-8.8%	4.3%	2.26%
Interest Paid ¹	-32,217	-47,537	-43,997	-125,113	-103,709	-125,000	-115,000	-110,000
Earnings before Tax (EBT) ¹	2,554,607	2,932,354	3,990,532	3,668,733	6,965,085	5,727,707	6,082,021	6,219,428
Change	-	14.79%	36.09%	-8.06%	89.85%	-17.77%	6.19%	2.26%
Net income ¹	2,076,183	2,245,261	2,850,110	2,451,318	4,944,933	4,125,581	4,336,306	4,418,528
Change	-	8.14%	26.94%	-13.99%	101.73%	-16.57%	5.11%	1.9%
Announcement Date	5/12/20	5/12/21	5/11/22	5/10/23	5/8/24	-	-	-

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	7,544,569	7,099,828	4,600,796	6,774,427	8,150,032	7,689,339	7,935,558	7,545,741	7,785,742	8,112,466	8,491,116	9,218,232	9,754,685	9,690,265	10,546,831	11,434,786	12,041,104	11,072,604	11,837,879	11,444,500	11,976,289	12,016,509	12,330,171	12,655,515	13,083,011	12,611,714	12,604,456	12,981,774
Change	-	-5.89%	-35.2%	47.24%	20.31%	-5.65%	3.2%	-4.91%	3.18%	4.2%	4.67%	8.56%	5.82%	-0.66%	8.84%	8.42%	5.3%	-8.04%	6.91%	-3.32%	4.65%	0.34%	2.61%	2.64%	3.38%	-3.6%	-0.06%	2.99%
EBITDA ¹	864,847	597,390	217,920	727,061	1,205,741	923,826	1,239,190	979,176	1,255,499	738,362	862,955	852,489	1,475,287	1,132,075	1,419,000	1,952,546	1,983,844	1,664,369	1,660,760	1,708,441	1,778,774	1,574,008	1,677,756	1,830,562	1,376,869	1,295,065	1,564,630	1,704,282
Change	-	-30.93%	-63.52%	233.64%	65.84%	-23.38%	34.14%	-20.98%	28.22%	-41.19%	16.87%	-1.21%	73.06%	-23.26%	25.35%	37.6%	1.6%	-16.1%	-0.22%	2.87%	4.12%	-11.51%	6.59%	9.11%	-24.78%	-5.94%	20.81%	8.93%
EBIT ¹	654,447	384,086	13,920	506,061	987,941	689,826	997,489	749,976	784,370	463,862	578,655	562,789	956,651	626,930	1,120,900	1,438,394	1,680,944	1,112,696	1,308,462	1,155,700	1,443,905	1,024,470	1,347,826	1,296,232	1,418,035	1,088,868	1,302,668	1,183,464
Change	-	-41.31%	-96.38%	3,535.5%	95.22%	-30.18%	44.6%	-24.81%	4.59%	-40.86%	24.75%	-2.74%	69.98%	-34.47%	78.79%	28.32%	16.86%	-33.81%	17.59%	-11.67%	24.94%	-29.05%	31.56%	-3.83%	9.4%	-23.21%	19.64%	-9.15%
Charge d'intérêts	-3,469	-13,902	-10,012	-13,225	-9,859	-14,441	-7,484	-8,875	-9,193	-18,445	-19,362	-50,988	-37,963	-16,800	-23,339	-20,961	-34,452	-24,957	-16,509	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	932,294	38,828	118,233	610,582	1,141,174	1,062,365	1,257,220	886,825	1,093,508	752,979	1,021,748	812,528	1,034,998	799,459	1,720,553	1,800,972	1,835,540	1,608,020	1,872,258	859,800	1,753,414	1,369,059	1,631,567	1,552,206	1,692,573	1,341,635	1,596,602	1,422,741
Change	-	-95.84%	204.5%	416.42%	86.9%	-6.91%	18.34%	-29.46%	23.31%	-31.14%	35.69%	-20.48%	27.38%	-22.76%	115.21%	4.67%	1.92%	-12.4%	16.43%	-54.08%	103.93%	-21.92%	19.17%	-4.86%	9.04%	-20.73%	19%	-10.89%
Net income ¹	738,034	63,173	158,843	470,525	838,696	777,197	897,832	626,652	791,738	533,888	736,820	434,264	727,942	487,196	1,311,372	1,278,056	1,357,814	997,691	1,333,347	573,700	1,211,900	968,364	1,074,346	1,149,879	991,309	835,401	1,004,385	1,078,251
Change	-	-91.44%	151.44%	196.22%	78.25%	-7.33%	15.52%	-30.2%	26.34%	-32.57%	38.01%	-41.06%	67.63%	-33.07%	169.17%	-2.54%	6.24%	-26.52%	33.64%	-56.97%	111.24%	-20.1%	10.94%	7.03%	-13.79%	-15.73%	20.23%	7.35%
Announcement Date	2/6/20	5/12/20	8/6/20	11/6/20	2/10/21	5/12/21	8/4/21	11/4/21	2/9/22	5/11/22	8/4/22	11/1/22	2/9/23	5/10/23	8/1/23	11/1/23	2/6/24	5/8/24	8/1/24	11/6/24	-	-	-	-	-	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2	2026 S1	2026 S2	2027 S1
Net sales ¹	11,375,223	15,839,371	15,481,299	15,898,208	17,709,348	19,444,950	21,981,617	23,113,708	23,282,400	24,138,855	25,571,328	27,071,433	26,223,514
Change	-	39.24%	-2.26%	2.69%	11.39%	9.8%	13.05%	5.15%	0.73%	3.68%	5.93%	5.87%	-3.13%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	519,981	1,677,767	1,747,465	1,248,232	1,141,444	1,583,581	2,559,294	2,793,640	2,464,200	2,653,852	2,515,856	3,201,277	2,493,352
Change	-	222.66%	4.15%	-28.57%	-8.56%	38.73%	61.61%	9.16%	-11.79%	7.7%	-5.2%	27.24%	-22.11%
Charge d'intérêts	-23,237	-24,300	-16,359	-27,638	-70,350	-54,763	-44,300	-59,409	-53,694	-	-	-	-
Earnings before Tax (EBT) ¹	728,815	2,203,539	2,144,045	1,846,487	1,834,276	1,834,457	3,521,525	3,443,560	2,732,000	3,303,334	2,982,145	3,716,045	2,995,919
Change	-	202.35%	-2.7%	-13.88%	-0.66%	0.01%	91.97%	-2.21%	-20.66%	20.91%	-9.72%	24.61%	-19.38%
Net income ¹	629,368	1,615,893	1,524,484	1,325,626	1,171,084	1,280,234	2,589,428	2,355,505	1,907,100	2,093,000	-	-	-
Change	-	156.75%	-5.66%	-13.04%	-11.66%	9.32%	102.26%	-9.03%	-19.04%	9.75%	-100%	-	-
Announcement Date	11/6/20	5/12/21	11/4/21	5/11/22	11/1/22	5/10/23	11/1/23	5/8/24	11/6/24	-	-	-	-

¹JPY in Million

Estimates

Forecast Balance Sheet: Toyota Motor Corporation

balance-sheet-analysis-chart TOYOTA-MOTOR-CORPORATION

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	16,362,451	16,343,321	20,382,703	21,863,307	27,149,720	23,413,907	24,328,732	24,077,118
Change	-	-0.12%	24.72%	7.26%	24.18%	-13.76%	3.91%	-1.03%
Announcement Date	5/12/20	5/12/21	5/11/22	5/10/23	5/8/24	-	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: Toyota Motor Corporation

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	1,393,000	1,293,200	1,197,266	1,605,800	4,848,042	2,400,861	2,562,674	2,554,968
Change	-	-7.16%	-7.42%	34.12%	201.91%	-50.48%	6.74%	-0.3%
Free Cash Flow (FCF) ¹	439,782	1,433,962	3,145,119	1,504,880	2,359,926	1,635,846	2,192,036	2,360,903
Change	-	226.06%	119.33%	-52.15%	56.82%	-30.68%	34%	7.7%
Announcement Date	5/12/20	5/12/21	5/11/22	5/10/23	5/8/24	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: Toyota Motor Corporation

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	10.88%	11.3%	12.76%	12.82%	16.5%	13.69%	14.08%	13.96%
EBIT Margin (%)	8.16%	8.08%	9.55%	7.33%	11.87%	10.35%	10.4%	10.32%
EBT Margin (%)	8.54%	10.77%	12.72%	9.87%	15.45%	12.15%	12.43%	12.32%
Net margin (%)	6.94%	8.25%	9.08%	6.6%	10.97%	8.75%	8.86%	8.76%
FCF margin (%)	1.47%	5.27%	10.02%	4.05%	5.23%	3.47%	4.48%	4.68%
FCF / Net Income (%)	21.18%	63.87%	110.35%	61.39%	47.72%	39.65%	50.55%	53.43%
Profitability
ROA	4.88%	5.1%	6.14%	5.17%	8.47%	5.29%	5.15%	5.07%
ROE	10.4%	10.2%	11.5%	9%	15.8%	11.38%	11.2%	10.79%
Financial Health
Leverage (Debt/EBITDA)	5.03x	5.32x	5.09x	4.59x	3.65x	3.63x	3.53x	3.42x
Debt / Free cash flow	37.21x	11.4x	6.48x	14.53x	11.5x	14.31x	11.1x	10.2x
Capital Intensity
CAPEX / Current Assets (%)	4.65%	4.75%	3.82%	4.32%	10.75%	5.09%	5.24%	5.06%
CAPEX / EBITDA (%)	42.78%	42.06%	29.91%	33.7%	65.16%	37.2%	37.18%	36.27%
CAPEX / FCF (%)	316.75%	90.18%	38.07%	106.71%	205.43%	146.77%	116.91%	108.22%
Items per share
Cash flow per share ¹	263.1	278.3	336.4	328.8	520.4	452.9	480.7	497.9
Change	-	5.79%	20.89%	-2.26%	58.26%	-12.96%	6.12%	3.59%
Dividend per Share ¹	44	48	52	60	75	88.83	96.67	104.4
Change	-	9.09%	8.33%	15.38%	25%	18.44%	8.82%	8.04%
Book Value Per Share ¹	1,450	1,674	1,905	2,089	2,540	2,706	2,920	3,138
Change	-	15.43%	13.78%	9.67%	21.57%	6.55%	7.9%	7.46%
EPS ¹	147.1	160.6	205.2	179.5	365.9	303.1	323.8	334.7
Change	-	9.19%	27.75%	-12.55%	103.9%	-17.17%	6.81%	3.38%
Nbr of stocks (in thousands)	13,814,455	13,979,777	13,782,503	13,565,182	13,478,395	13,095,911	13,095,911	13,095,911
Announcement Date	5/12/20	5/12/21	5/11/22	5/10/23	5/8/24	-	-	-