Toyota 2013 Annual Report Download - page 3

Toyota Global Vision President’s Message Launching a New Structure Special Feature Review of Operations
Consolidated Performance
Highlights
Management and
Corporate Information Investor InformationFinancial Section
Page 03
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ANNUAL REPORT 2013
24 Consolidated Performance Highlights
27 Review of Operations
27 Automotive Operations
28 Financial Services Operations
29 Non-Automotive Business Operations
32 Management and Corporate Information
32 R&D and Intellectual Property
34 Corporate Philosophy
35 Corporate Governance
37 Management Team
39 Risk Factors
42 Financial Section
42 Selected Financial Summary (U.S. GAAP)
44 Consolidated Segment Information
45 Consolidated Quarterly Financial Summary
46 Management’s Discussion and Analysis of
Financial Condition and Results of Operations
72 Consolidated Financial Statements
78 Notes to Consolidated Financial Statements
122 Management’s Annual Report on Internal
Control over Financial Reporting
123 Report of Independent Registered Public
Accounting Firm
124 Investor Information
Cautionary Statement with Respect to Forward-Looking Statements
This document contains forward-looking statements that refl ect Toyota’s plans and
expectations. These forward-looking statements are not guarantees of future perfor-
mance and involve known and unknown risks, uncertainties and other factors that
may cause Toyota’s actual results, performance, achievements or fi nancial position
to be materially different from any future results, performance, achievements or fi nan-
cial position expressed or implied by these forward-looking statements. These
factors include, but are not limited to:
(i) changes in economic conditions and market demand affecting, and the competi-
tive environment in, the automotive markets in Japan, North America, Europe, Asia
and other markets in which Toyota operates;
(ii) fl uctuations in currency exchange rates, particularly with respect to the value of
the Japanese yen, the U.S. dollar, the euro, the Australian dollar, the Russian ruble,
the Canadian dollar and the British pound, and interest rates fl uctuations;
(iii) changes in funding environment in fi nancial markets and increased competition in
the fi nancial services industry;
(iv) Toyota’s ability to market and distribute effectively;
(v) Toyota’s ability to realize production effi ciencies and to implement capital expendi-
tures at the levels and times planned by management;
(vi) changes in the laws, regulations and government policies in the markets in which
Toyota operates that affect Toyota’s automotive operations, particularly laws, regulations
and government policies relating to vehicle safety including remedial measures such
as recalls, trade, environmental protection, vehicle emissions and vehicle fuel econ-
omy, as well as changes in laws, regulations and government policies that affect
Toyota’s other operations, including the outcome of current and future litigation and
other legal proceedings, government proceedings and investigations;
(vii) political and economic instability in the markets in which Toyota operates;
(viii) Toyota’s ability to timely develop and achieve market acceptance of new prod-
ucts that meet customer demand;
(ix) any damage to Toyota’s brand image;
(x) Toyota’s reliance on various suppliers for the provision of supplies;
(xi) increases in prices of raw materials;
(xii) Toyota’s reliance on various digital and information technologies;
(xiii) fuel shortages or interruptions in electricity, transportation systems, labor strikes,
work stoppages or other interruptions to, or diffi culties in, the employment of labor in
the major markets where Toyota purchases materials, components and supplies for
the production of its products or where its products are produced, distributed or
sold; and
(xiv) the impact of natural calamities including the negative effect on Toyota’s vehicle
production and sales.
04 President’s Message
“Rewarded with a smile by exceeding your expectations,”
all 330,000 of us at Toyota around the world work together as
one to make ever-better cars and to contribute to society.
05 Launching a New Structure to
Help Fulfi ll the Toyota Global
Vision
21
23 What Sets Toyota Apart
07
The global fi nancial crisis that began in 2008 reminded us once
again that the foundation of sustainable growth is making cars
that customers love. We changed direction, recommitting all of
our resources to making even better cars, and over the course
of the following four years we signifi cantly improved our manu-
facturing methods.
17
More than just providing transportation, the cars of the future will
use information technology to serve a variety of functions that
benefi t both people and society as a whole. This vision under-
pins Toyota’s commitment to enriching lives of communities.
Toyota is broadening its horizons as it seeks to improve day-to-
day life and to bring smiles to the faces of future generations.
20
First and foremost, we strive to make ever-better cars and
enrich communities in order to achieve sustainable growth and
a stable business foundation. This ever-growing stable busi-
ness foundation, in turn, provides us with the strength to make
ever-better cars and enrich society. It is a virtuous circle.
“Toyota Global Vision” on the Front-lines
The following special feature outlines how the Company engages in
visionary management in the words of front-line personnel.
Please read from the Special Feature page or turn to the following if
accessing from the Special Content top page.
Special Feature I
Making Ever-Better Cars
Special Feature III
Stable Base of Business
Special Feature II
Enriching Lives of Communities
Message from the Executive
Vice President Responsible for
Accounting