Toyota 2005 Annual Report Download - page 46

Download and view the complete annual report

Please find page 46 of the 2005 Toyota annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 138

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138

44 >BUSINESS OVERVIEW
AUTOMOTIVE OPERATIONS
Other Regions
Toyota is extending its network of companies in many different countries and
regions, including Asia, Oceania, Central and South America, the Middle East,
and Africa.
MARKET CONDITIONS AND PERFORMANCE
OVERVIEW
Sales growth realized in diverse regions
worldwide
In Other Regions in fiscal 2005, Toyota sold a
record 1.77 million vehicles and built approxi-
mately 945,000 vehicles on a consolidated basis.
Asia: In calendar 2004, the region’s market
developed favorably, buoyed by vigorous auto-
motive markets in Thailand and Indonesia.
Although the pace of growth slackened,
China’s market reached sales of 5 million
vehicles for the first time. And, with growth
potential second only to China, India’s market
is developing steadily.
Overall, the initiation of the IMV (Innova-
tive International Multipurpose Vehicle)
project in ASEAN countries and growth in
China boosted sales in the region.
Central and South America: In calendar 2004,
the markets of Argentina and Venezuela
expanded markedly while Brazil’s market held
firm. Toyota achieved its highest-ever sales in
Brazil, Argentina, and Chile.
Oceania: Buoyed by brisk sales of small cars
and SUVs, the Australian market saw 955,000
vehicle sales in calendar 2004. In that environ-
ment, the Company continued to command
the largest share of Oceania’s market.
Other: In the Gulf countries, we approached
our best-ever sales on the back of vibrant local
economies. Reflecting a robust local economy,
South Africa’s market has grown to 450,000
vehicles, which is the largest market in Africa.
In South Africa, Toyota set a new sales record and
accounts for approximately 25% of the market.
Operations in China: Recent Landmarks
2004 September Toyota and Guangzhou Automobile Group establish a joint production and
sales company in Guangzhou
Toyota and China FAW Group Corporation announce joint production of
hybrid vehicles
November Establishment of after-sales service technology and personnel training centers
in Shanghai and Guangzhou
December Toyota FAW (Tianjin) Dies Co., Ltd., begins production of large stamping dies
FAW Toyota Changchun Engine Co., Ltd., begins production of engines
2005 January Guangqi Toyota Engine Co., Ltd., begins production of engine parts
March Tianjin FAW Toyota Motor Co., Ltd., begins production of the Crown
900
450
1,350
1,800
’01 ’02 ’03 ’04 ’05
0
Consolidated vehicle sales
Consolidated production
FY
Consolidated Vehicle Sales
and Production in Other Regions
(Thousands of units) +25.5%
1,777
+38.9%
945
Breakdown of Vehicle Sales in Other Regions
(Thousands of units) ( % change)
East and Southeast Asia 834 (+49.5)
Central and South America 185 (+27.0)
Oceania 239 (+1.5)
Other 519 (+8.9)
Total 1,777 (+25.5)