Toyota 2015 Annual Report Download - page 7

Year Ended March 31,
2012 2013 2014 2015 2016
(Yen in millions, except per share and numbers of vehicles sold data)
Consolidated Balance Sheet Data (end of period):
Total Assets: .................................. 30,650,965 35,483,317 41,437,473 47,729,830 47,427,597
Short-term debt, including current portion of long-term
debt ....................................... 5,963,269 6,793,956 7,780,483 8,963,492 8,521,088
Long-term debt, less current portion ................ 6,042,277 7,337,824 8,546,910 10,014,395 9,772,065
Toyota Motor Corporation shareholders’ equity ....... 10,550,261 12,148,035 14,469,148 16,788,131 16,746,935
Common stock ................................. 397,050 397,050 397,050 397,050 397,050
Other Data:
Dividends per share (yen) ........................ 50.0 90.0 165.0 200.0 210.0
Number of vehicles sold
Japan .................................... 2,070,799 2,278,796 2,365,410 2,153,694 2,059,093
North America ............................. 1,872,423 2,468,804 2,529,398 2,715,173 2,839,229
Europe ................................... 797,993 799,085 844,003 859,038 844,412
Asia ..................................... 1,326,829 1,683,578 1,608,355 1,488,922 1,344,836
Other* ................................... 1,283,885 1,640,401 1,768,867 1,755,037 1,593,758
Worldwide total ........................ 7,351,929 8,870,664 9,116,033 8,971,864 8,681,328
* “Other” consists of Central and South America, Oceania, Africa and the Middle East, etc.
Dividend Information
Toyota normally pays dividends twice per year, including an interim dividend and a year-end dividend.
Toyota’s articles of incorporation provide that retained earnings can be distributed as dividends pursuant to a
resolution of its board of directors. Toyota’s board of directors resolves to pay year-end dividends to holders of
common shares and registered pledgees of common shares of record as of March 31, the record date, in each
year.
At the 111th Ordinary General Shareholders’ Meeting held in June 2015, Toyota’s shareholders approved
amendments to Toyota’s articles of incorporation permitting the issuance of Model AA Class Shares in the
future. The articles of incorporation currently provide that in the event that Toyota pays a year-end dividend to
holders of common shares, it will pay a year-end dividend to any holders of Model AA Class Shares or registered
pledgees of Model AA Class Shares of record as of the record date for the year-end dividend, in the amount
payable on the Model AA Class Shares pursuant to their terms (“AA Dividends”), in preference to holders of
common shares or registered pledgees of common shares.
In addition to these year-end dividends, Toyota may pay an interim dividend in the form of cash
distributions from its distributable surplus to holders of common shares and pledgees of common shares of record
as of September 30, the record date, in each year by a resolution of its board of directors. The articles of
incorporation currently provide that in the event that Toyota pays such interim dividends, Toyota will pay an
amount equivalent to one-half of the AA Dividends (“AA Interim Dividends”) as an interim dividend to any
holders of Model AA Class Shares or registered pledgees of Model AA Class Shares of record as of the record
date for the interim dividend, in preference to holders of common shares or registered pledgees of common
shares.
If the amount of the dividends from surplus paid to holders of Model AA Class Shares or registered
pledgees of Model AA Class Shares is less than the prescribed amount of AA Dividends in any fiscal year, the
amount of the shortfall will be carried forward to and accumulate in the following fiscal year and thereafter.
Dividends from surplus will be paid to holders of Model AA Class Shares or registered pledgees of Model AA
Class Shares in preference to the payment of interim and year-end dividends until such payment reaches the
amount of the accumulated unpaid dividends on the Model AA Class Shares.
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