fy2012 second quarter financial results...fy2012 first half financial results for the six months to...

FY2012 Second Quarter Financial Results

FY2012 Second QuarterFY2012 Second Quarter Financial ResultsFinancial Results

Toyota Motor CorporationToyota Motor CorporationToyota Motor CorporationNovember 8, 2011November 8, 2011November 8, 2011

2Cautionary Statement with Respect to Forward-Looking Statements

This presentation contains forward-looking statements that reflect Toyota’s plans and expectations. These forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause Toyota’s actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements. These factors include: (i) the impact of the March 11, 2011 Great East Japan Earthquake and ensuing events, and 2011 floods in Thailand, including the negative effect on Toyota’s vehicle production and sales; (ii) changes in economic conditions and market demand affecting, and the competitive environment in, the automotive markets in Japan, North America, Europe, Asia and other markets in which Toyota operates; (iii) fluctuations in currency exchange rates, particularly with respect to the value of the Japanese yen, the U.S. dollar, the Euro, the Australian dollar, the Canadian dollar and the British pound; (iv) changes in funding environment in financial markets; (v) Toyota’s ability to realize production efficiencies and to implement capital expenditures 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 economy, 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 instability in the markets in which Toyota operates; (viii) Toyota’s ability to timely develop and achieve market acceptance of new products that meet customer demand; (ix) any damage to Toyota’s brand image; (x) fuel shortages or interruptions in transportation systems, labor strikes, work stoppages or other interruptions to, or difficulties 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; (xi) Toyota’s reliance on various suppliers for the provisions of supplies.

3Caution concerning Insider Trading

A discussion of these and other factors which may affect Toyota’s actual results, performance, achievements or financial position is contained in Toyota’s annual report on Form 20-F, which is on file with the United States Securities and Exchange Commission. Under Japanese securities laws and regulations (the "Regulations"), subject to certain exceptions, any person who receives certain material information relating to the business, etc. of Toyota which may be contained in this document is prohibited from trading in Toyota's shares or certain other transactions related to such shares (as set forth in the Regulations) until such material information is deemed to be made public. Under the Regulations, material information is deemed to be made public when (i) such material information is disclosed by ways of electromagnetic means as prescribed by the ordinance of the Cabinet Office (posting on the TDnet (Timely Disclosure Network) information service ) or (ii) twelve (12) hours have elapsed since a listed company, such as Toyota, disclosed such material information to at least two (2) media sources as prescribed by the Regulations.

FY2012 First Half Financial Results

For the six months to September 30, 2011

5Consolidated Vehicle Sales

413

324 345

289 355181

187

515

586 505

0

1,000

2,000

3,000

'10/7-9 '11/7-9

1,895

(thousands of vehicles)

(-90)

(-81)

(+6)

(+66)

(+21)

(-102)

1,805

〔2,166〕〔2,058〕〔-108〕

689

564646

615575

361368

1,041

797

1,085

0

1,000

2,000

3,000

4,000

'10/4-9 '11/4-9

3,715

(-689)

(-288)

(-7)

(+40)

(-82)

(-352)

3,026

〔4,238〕〔3,674〕〔-564〕

Japan

Asia

Europe

N. America

Other

Change Change

(thousands of vehicles)FY2012

1H FY2012

1HFY2012

2QFY2012

2Q

Central and South America,Oceania,Africa,The Middle East etc.

Figures in “〔〕“ show total retail vehicle sales in thousands

6

8,015.9 9,678.4 -1,662.5 -17.2%

-32.6 323.1 -355.7 -

-1.4 392.0 -393.4 -

81.5 289.1 -207.6 -71.8%

$ 80 yen 89 yen

€ 114 yen 114 yen * Net Income attributable to Toyota Motor Corporation

FOREX Rates-9 yen

-

Income before income taxesand equity in earnings of

affiliated companies

(billions of yen)

Net Income*

Operating Income

Net Revenues

FY20121H

('11/4-9)

FY20111H

('10/4-9)Change

Consolidated Financial Summary (FY2012 First Half)

7(billions of yen)

289.1

81.5

’10/4-9 ’11/4-9

Effects ofMarketingActivities

-220.0

Effects ofFOREXRates-130.0

Increase inExpenses,

etc.-40.0

CostReduction

Efforts+50.0

Net Income*(-207.6)

Depreciation and CAPEX-related Costs………+30.0

Details of Other

Labor Costs……………R&D Expenses………..

Non- Operating Income-37.7

Income Tax, etc.

+240.1

Excluding Valuation Gains/Losses from Interest Rate Swaps (-363.7)

Valuation Gains/Losses from Interest Rate Swaps …

Operating Income (-355.7)

Other

-15.7

Details of Increase in Expenses, etc.

Other …..…………….……..+5.0-70.0

-5.0

+8.0

Analysis of Consolidated Net Income* (FY2012 First Half)* Net Income attributable to Toyota Motor Corporation

Translational FOREX Impact concerning overseas subsidiaries etc. ..………………….....-23.7

Equity in Earnings of

Affiliated Companies

-54.3

8Consolidated Financial Summary (FY2012 Second Quarter)

4,574.9 4,806.7 -231.8 -4.8%

75.4 111.5 -36.1 -32.4%

79.1 129.1 -50.0 -38.7%

80.4 98.7 -18.3 -18.5%

$ 78 yen 86 yen

€ 110 yen 111 yen * Net Income attributable to Toyota Motor Corporation

FOREX Rates-8 yen

-1 yen

Income before income taxesand equity in earnings of

affiliated companies

(billions of yen)

Net Income*

Operating Income

Net Revenues

FY20122Q

('11/7-9)

FY20112Q

('10/7-9)Change

9Analysis of Consolidated Net Income* (FY2012 Second Quarter)(billions of yen)

98.780.4

’11/7-9

Marketing Efforts+60.0

Effects ofFOREXRates-80.0

Increase inExpenses,

etc.-50.0

CostReduction

Efforts+30.0

Net Income*(-18.3)

Non- Operating Income-13.9

Equity in Earnings of

Affiliated Companies

-24.5

Income Tax, etc.

+56.2

Excluding Valuation Gains/Losses from Interest Rate Swaps (-52.0)

*Net Income attributable to Toyota Motor Corporation

Other

+3.9

’10/7-9Details of Other

R&D expenses……….………..0

Valuation Gains/Losses from Interest Rate Swaps …+15.9Details of Increase in Expenses, etc.

Operating Income (-36.1)

Labor costs…………..……-20.0Other…………………………..-40.0

Translational FOREX Impact concerning overseas subsidiaries etc. ..…………………......-12.0

Depreciation and CAPEX-related Costs………+10.0

10

72.9

-8.9

155.7

-52.0

58.1

130.5

45.9

-275.9

164.2

-1.9

Japan N.America Europe AsiaCentral and South America, Oceania and Africa

1,929*1

6891,041

361368

615575 564646

Geographic Operating Income (FY2012 First Half)

-223.9 -109.8 +7.0 -33.7 -14.8

(billions of yen)

*2

1H

*2

1,462*1

Consolidated Vehicle Sales (thousands of vehicles)

(billions of yen)

North America '10/4-9 '11/4-9 ChangeOperating Income Excluding ValuationGains/Losses from Interest Rate Swaps 155.7 45.9 -109.8Valuation Gains/Losses from Interest

Rate Swaps -9.8 15.6 25.4

Operating Income 145.9 61.5 -84.4

*2 N.America excludes Valuation Gains/Losses from Interest Rate Swaps*1 Japan includes Exported Vehicles.

FY111H

FY12

1HFY11

1HFY12

1HFY11

1HFY12

1HFY11

1HFY12

1HFY11

1HFY12

11

31.9

-2.1

46.6

-24.5

37.1

70.4

5.613.0

-69.3

74.0

Europe Asia

1,006 *1

413515

187181

355289 345324

Geographic Operating Income (FY2012 Second Quarter)

-44.8 -33.6 +7.7 -3.6 +5.2

(billions of yen)

*2

*2

971 *1

(billions of yen)

North America '10/7-9 '11/7-9 ChangeOperating Income Excluding ValuationGains/Losses from Interest Rate Swaps 46.6 13.0 -33.6Valuation Gains/Losses from Interest

Rate Swaps -10.5 19.5 30.0


*1 Japan includes Exported Vehicles.

Consolidated Vehicle Sales (thousands of vehicles)

Japan N.America

*2 N.America excludes Valuation Gains/Losses from Interest Rate Swaps

Central and South America, Oceania and Africa

2QFY11

2QFY12

2QFY11

2QFY12

2QFY11

2QFY12

2QFY11

2QFY12

2QFY11

2QFY12

12Financial Services Operating Income Excluding Valuation Gains/Losses from Interest Rate Swaps

FY20122Q

FY20122Q

FY20121H

FY20121H

66.574.6

0

50

100

150

'10/7-9 '11/7-9

(billions of yen)

-8.1

184.1

163.4

0

50

100

150

200

'10/4-9 '11/4-9

(billions of yen)

-20.7

(billions of yen)

'10/4-9 '11/4-9 ChangeOperating Income ExcludingValuation Gains/Losses from

Interest Rate Swaps184.1 163.4 -20.7

Valuation Gains/Losses fromInterest Rate Swaps -0.4 7.6 8.0


Decreased earnings as a result of particularly high profit level in FY2011 1Hprimarily as a result of a reversal of provisions.

(billions of yen)

'10/7-9 '11/7-9 ChangeOperating Income ExcludingValuation Gains/Losses from

Interest Rate Swaps74.6 66.5 -8.1

Valuation Gains/Losses fromInterest Rate Swaps -6.0 9.9 15.9

Operating Income 68.6 76.4 7.8

13

79.5

133.8

0

50

100

150

'10/4-9 '11/4-9

Equity in Earnings of Affiliated Companies

Earnings decreased, particularly due to decreased earnings of affiliated companies in Japan.

39.3

63.8

0

50

100

'10/7-9 '11/7-9

(billions of yen)

-24.5

(billions of yen)

-54.3

FY20122Q

FY20122Q

FY20121H

FY20121H

14Unconsolidated Financial Summary (Japan GAAP , FY2012 First Half)

(billions of yen)

FY20121H

('11/4-9)

FY20111H

('10/4-9)

Net Revenues 3,346.6 4,356.4 -1,009.8 -23.2%

Operating Income -322.3 -149.4 -172.9 -

Ordinary Income -75.6 190.8 -266.4 -

Net Income 49.7 201.0 -151.3 -75.3%

Change

15

Dividend per Share and Net Income

6590

120

454536

100

140

50

-50

0

50

100

150

200

'03/3 '04/3 '05/3 '06/3 '07/3 '08/3 '09/3 '10/3 '11/3 '12/3

-5,000

5,000

10,000

15,000

20,000

Shareholder Return

Interim Dividend: 20 yen per Share(Total Amount of Payout: 62.7 billion yen)

Interim Dividend: 20 yen per Share(Total Amount of Payout: 62.7 billion yen)

(billions of yen)(yen)

16 20

65503525

35

7570

55

402520

Net Income(Right axis)

020

65 25

Interim Dividend Year-End Dividend

20

30

20

2,000

1,500

1,000

500

-500

Dividend per Share Net Income

FY2012 Second Quarter FY2012 Second Quarter Financial ResultsFinancial Results

November 8, 2011November 8, 2011Toyota Motor CorporationToyota Motor CorporationToyota Motor Corporation

fy2012 second quarter financial results...fy2012 first half financial results for the six months to...

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