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TOYOTA ANNUAL REPORT 2012
Toyota Global Vision Changes for Making
Ever-Better Cars President
ʼ
s Message Medium- to Long-Term
Growth Initiatives Special Feature Management and
Corporate Information Investor Information
Business and
Performance Review Financial Section
Management's Discussion and Analysis of Financial Condition and Results of Operations
Toyota had net revenues for fiscal 2011 of ¥18,993.6
billion, an increase of ¥42.7 billion, or 0.2%,
compared with the prior fiscal year. This increase
reflects the impact of increased vehicle unit sales
and changes in sales mix of approximately ¥740.0
billion, as well as increased parts sales of ¥69.8
billion, partially offset by unfavorable impact
of fluctuations in foreign currency translation
rates of ¥801.3 billion. Excluding the difference
in the Japanese yen value used for translation
purposes of ¥801.3 billion, net revenues would
have been approximately ¥19,794.9 billion during
fiscal 2011, a 4.5% increase compared with the
prior fiscal year. The automotive market in fiscal
Toyota
ʼ
s net revenues include net revenues
from sales of products, consisting of net
revenues from automotive operations and all
other operations, that increased by 0.5% during
fiscal 2011 compared with the prior fiscal year to
¥17,820.5 billion, and net revenues from financial
services operations that decreased by 4.3%
during fiscal 2011 compared with the prior fiscal
year to ¥1,173.1 billion. Excluding the difference
in the Japanese yen value used for translation
purposes of ¥724.1 billion, net revenues from sales
of products would have been ¥18,544.6 billion, a
4.6% increase during fiscal 2011 compared with
Geographically, net revenues
(
before the
elimination of intersegment revenues
)
for fiscal
2011 decreased by 2.1% in Japan, 4.3% in North
America, and 7.7% in Europe, whereas net
revenues increased by 27.1% in Asia and 8.1%
in Other compared with the prior fiscal year.
The table below shows Toyota
ʼ
s net revenues from external customers by product category and by
business.
The following table shows the number of financing contracts by geographic region at the end of the
fiscal 2011 and 2010, respectively.
2011 contracted by 6.6% in Japan compared
with the prior fiscal year due to the decline in
demand following the conclusion of subsidies
for environmentally-friendly vehicles
(“
eco-car
”)
offered by the government as a part of its stimulus
packages, as well as the impact of the Great East
Japan Earthquake. However, the Asian automotive
market marked a significant increase of 27.6%
compared with the prior calendar year, reflecting
the recovery trend of the Asian economy. Under
these automotive market conditions, Toyota
ʼ
s
consolidated vehicle unit sales increased to 7,308
thousand vehicles, a 1.0% increase compared
with the prior fiscal year.
the prior fiscal year. The increase in net revenues
from sales of products is due to an increase in
Toyota vehicle unit sales by 71 thousand vehicles.
Excluding the difference in the Japanese yen value
used for translation purposes of ¥77.2 billion,
net revenues from financial services operations
would have been approximately ¥1,250.3 billion,
a 2.0% increase during fiscal 2011 compared
with the prior fiscal year. This increase was
mainly due to the increase of ¥13.1 billion rental
revenue generated by vehicles and equipment on
operating lease.
Excluding the difference in the Japanese yen value
used for translation purposes of ¥801.3 billion, net
revenues in fiscal 2011 would have decreased by
2.1% in Japan, and would have increased by 3.6% in
North America, 4.1% in Europe, 29.7% in Asia and
11.0% in Other compared with the prior fiscal year.
■
Net Revenues
Yen in millions
Year ended March 31, 2011 vs. 2010 Change
2010 2011 Amount Percentage
Vehicles ¥ 14,309,595 ¥ 14,507,479 ¥ 197,884 +1.4%
Parts and components for overseas production 355,273 335,366
(
19,907
)
-
5.6%
Parts and components for after service 1,543,941 1,553,497 9,556 +0.6%
Other 978,499 926,411
(
52,088
)
-
5.3%
Total Automotive 17,187,308 17,322,753 135,445 +0.8%
All Other 537,421 497,767
(
39,654
)
-
7.4%
Total sales of products 17,724,729 17,820,520 95,791 +0.5%
Financial services 1,226,244 1,173,168
(
53,076
)
-
4.3%
Total ¥ 18,950,973 ¥ 18,993,688 ¥ 42,715 +0.2%
Number of financing contracts in thousands
Year ended March 31, 2011 vs. 2010 Change
2010 2011 Amount Percentage
Japan 1,684 1,709 25 +1.5%
North America 4,488 4,654 166 +3.7%
Europe 774 790 16 +2.0%
Asia 428 522 94 +22.1%
Other* 476 527 51 +10.7%
Total 7,850 8,202 352 +4.5%
*
“
Other
”
consists of Central and South America, Oceania and Africa.
0820
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