Toyota 2015 Annual Report Download - page 2

Download and view the complete annual report

Please find page 2 of the 2015 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 228

  • 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
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228

TABLE OF CONTENTS
ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS .......... 1
ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE ........................... 1
ITEM 3. KEY INFORMATION ..................................................... 1
3.A SELECTED FINANCIAL DATA ............................................ 1
3.B CAPITALIZATION AND INDEBTEDNESS ................................... 4
3.C REASONS FOR THE OFFER AND USE OF PROCEEDS ........................ 5
3.D RISK FACTORS .......................................................... 5
ITEM 4. INFORMATION ON THE COMPANY ....................................... 8
4.A HISTORY AND DEVELOPMENT OF THE COMPANY ......................... 8
4.B BUSINESS OVERVIEW ................................................... 9
4.C ORGANIZATIONAL STRUCTURE .......................................... 52
4.D PROPERTY, PLANTS AND EQUIPMENT .................................... 53
ITEM 4A. UNRESOLVED STAFF COMMENTS ........................................ 54
ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS .................... 54
5.A OPERATING RESULTS ................................................... 54
5.B LIQUIDITY AND CAPITAL RESOURCES .................................... 87
5.C RESEARCH AND DEVELOPMENT, PATENTS AND LICENSES ................. 90
5.D TREND INFORMATION ................................................... 92
5.E OFF-BALANCE SHEET ARRANGEMENTS .................................. 92
5.F TABULAR DISCLOSURE OF CONTRACTUAL OBLIGATIONS ................. 93
5.G SAFE HARBOR .......................................................... 94
ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES .................... 94
6.A DIRECTORS AND SENIOR MANAGEMENT ................................. 94
6.B COMPENSATION ........................................................ 102
6.C BOARD PRACTICES ..................................................... 103
6.D EMPLOYEES ............................................................ 104
6.E SHARE OWNERSHIP ..................................................... 105
ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS ............ 106
7.A MAJOR SHAREHOLDERS ................................................. 106
7.B RELATED PARTY TRANSACTIONS ........................................ 107
7.C INTERESTS OF EXPERTS AND COUNSEL .................................. 107
ITEM 8. FINANCIAL INFORMATION .............................................. 107
8.A CONSOLIDATED STATEMENTS AND OTHER FINANCIAL INFORMATION ..... 107
8.B SIGNIFICANT CHANGES ................................................. 108
ITEM 9. THE OFFER AND LISTING ................................................ 108
9.A LISTING DETAILS ....................................................... 108
9.B PLAN OF DISTRIBUTION ................................................. 108
9.C MARKETS .............................................................. 109
9.D SELLING SHAREHOLDERS ............................................... 109
9.E DILUTION .............................................................. 109
9.F EXPENSES OF THE ISSUE ................................................ 109
ITEM 10. ADDITIONAL INFORMATION ............................................. 109
10.A SHARE CAPITAL ........................................................ 109
10.B MEMORANDUM AND ARTICLES OF ASSOCIATION ......................... 109
10.C MATERIAL CONTRACTS ................................................. 117
10.D EXCHANGE CONTROLS .................................................. 117