Toyota 2014 Annual Report Download - page 54

ANNUAL REPORT 2014
President’s MessagePresident’s Message
Overview of
Four Business Units
Overview of
Four Business Units
Special FeatureSpecial Feature
Review of OperationsReview of Operations
Consolidated Performance
Highlights
Consolidated Performance
Highlights
Management and
Corporate Information
Management and
Corporate Information
Investor InformationInvestor Information
Financial SectionFinancial Section
Page 54
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Europe
Thousands of units
Years ended March 31, 2014 vs. 2013 Change
2013 2014 Amount Percentage (%)
Toyota’s consolidated vehicle unit sales 799 844 45 +5.6
Yen in millions
Years ended March 31, 2014 vs. 2013 Change
2013 2014 Amount Percentage (%)
Net revenues:
Sales of products 2,007,207 2,630,408 623,201 +31.0
Financial services 75,906 94,551 18,645 +24.6
Total 2,083,113 2,724,959 641,846 +30.8
Net revenues in Europe increased due primarily to
the 45 thousand vehicles increase in vehicle unit
sales compared with the prior fiscal year. The
vehicle unit sales increased due mainly to the strong
sales of the RAV4, Corolla and other car models.
Asia
Thousands of units
Years ended March 31, 2014 vs. 2013 Change
2013 2014 Amount Percentage (%)
Toyota’s consolidated vehicle unit sales 1,684 1,609 (75) –4.5
Yen in millions
Years ended March 31, 2014 vs. 2013 Change
2013 2014 Amount Percentage (%)
Net revenues:
Sales of products 4,307,943 4,755,114 447,171 +10.4
Financial services 77,533 122,558 45,025 +58.1
Total 4,385,476 4,877,672 492,196 +11.2
Excluding the favorable impact of fluctuations in for-
eign currency translation rates, net revenues in Asia
would have decreased due primarily to the 75 thou-
sand vehicles decrease in vehicle unit sales com-
pared with the prior fiscal year. The decrease in
vehicle unit sales was due mainly to decreased
sales in Thailand and India, which in turn was due
mainly to the shrinking of the market and competi-
tive market conditions.
Other
Thousands of units
Years ended March 31, 2014 vs. 2013 Change
2013 2014 Amount Percentage (%)
Toyota’s consolidated vehicle unit sales 1,640 1,769 129 +7.8
Yen in millions
Years ended March 31, 2014 vs. 2013 Change
2013 2014 Amount Percentage (%)
Net revenues:
Sales of products 1,942,215 2,162,505 220,290 +11.3
Financial services 152,050 174,136 22,086 +14.5
Total 2,094,265 2,336,641 242,376 +11.6
Net revenues in Other increased due primarily to the
129 thousand vehicles increase in vehicle unit sales
compared with the prior fiscal year. The vehicle unit
sales increased due mainly to the strong sales of
the Etios in Central and South America.
Yen in millions
Years ended March 31, 2014 vs. 2013 Change
2013 2014 Amount Percentage (%)
Operating costs and expenses:
Cost of products sold 18,010,569 19,988,245 1,977,676 +11.0
Cost of financing operations 630,426 812,894 182,468 +28.9
Selling, general and administrative 2,102,309 2,598,660 496,351 +23.6
Total 20,743,304 23,399,799 2,656,495 +12.8
Yen in millions
2014 vs. 2013
Change
Changes in operating costs and expenses:
Effect of changes in vehicle unit sales and sales mix 120,000
Effect of fluctuation in foreign currency translation rates 2,378,900
Effect of cost reduction efforts (290,000)
Effect of increase in miscellaneous costs and others 447,595
Total 2,656,495
Management’s Discussion and Analysis of Financial Condition and Results of Operations
Selected Financial Summary (U.S. GAAP) Consolidated Segment Information Consolidated Quarterly Financial Summary Management’s Discussion and Analysis of Financial Condition and Results of Operations [7 of 14] Consolidated Financial Statements
Operating Costs and Expenses