FY2008 First Quarter Financial Results FY2008 First Quarter - - PowerPoint PPT Presentation
FY2008 First Quarter Financial Results FY2008 First Quarter Financial Results Three months ended June 30, 2007 Three months ended June 30, 2007 -prepared in accordance with U.S.GAAP- -prepared in accordance with U.S.GAAP- Toyota Motor
Three months ended June 30, 2007
Three months ended June 30, 2007
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Cautionary 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) changes in economic conditions and market demand affecting, and the competitive environment in, the automotive markets in Japan, North America, Europe and other markets in which Toyota operates; (ii) fluctuations in currency exchange rates, particularly with respect to the value of the Japanese yen, the U.S. dollar, the euro, the Australian dollar and the British pound; (iii) Toyota’s ability to realize production efficiencies and to implement capital expenditures at the levels and times planned by management; (iv) 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 trade, environmental protection, vehicle emissions, vehicle fuel economy and vehicle safety, as well as changes in laws, regulations and government policies that affect Toyota’s other
markets in which Toyota operates; (vi) Toyota’s ability to timely develop and achieve market acceptance of new products; and (vii) fuel shortages or interruptions in transportation systems, labor strikes, work stoppages or
materials, components and supplies for the production of its products or where its products are produced, distributed or sold. 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.
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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 and ED-NET (Electronic 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.
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Change
222 543 500 747 762 308 333 193 300 345
1,000 2,000 '06/4-6 '07/4-6
Other Asia Europe
Japan
2,162
（thousands of vehicles）
(+ 71)
(+ 45) (+ 25) (+ 15) （-43） (+ 29)
2,091 〔2,208〕 〔2,365〕
〔+ 157〕
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FY2008 Q1 （’07/4-6）
Net Revenues Net Revenues
FOREX Rates FOREX Rates
Income before income taxes, Income before income taxes, minority interest and equity minority interest and equity earnings of affiliated companies earnings of affiliated companies
Operating Income Operating Income
Change
(billions of yen)
6,522.6 6,522.6 675.4 675.4 739.0 739.0 491.5 491.5
121 yen 121 yen 163 yen 163 yen
5,638.1 5,638.1 512.4 512.4 554.6 554.6 371.5 371.5
115 yen 115 yen 144 yen 144 yen
884.5 884.5 163.0 163.0 184.4 184.4 120.0 120.0
+ 6 yen + 6 yen + 19 yen + 19 yen
15.7% 15.7% 31.8% 31.8% 33.2% 33.2% 32.3% 32.3%
FY2007 Q1 （’06/4-6）
$ $ € € Net Income Net Income
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400 450 500 550 600 650 700
'06/4-6 '07/4-6
675.4 (+ 163.0) 512.4
(billions of yen) Increases in Expenses
Cost Reduction Efforts
+ 20.0
Marketing Efforts
+ 100.0
Effect of favorable FOREX rates
+ 100.0
Depreciation and CAPEX related costs......... R&D Expenses................... Labor costs ....................... Valuation loss of interest swap rates .......................... Others ................................
< Details of Increases in Expenses >
Contributing Factors to Consolidated Operating Income
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(billions of yen)
383.5 391.4 293.0 396.6 389.3
200 400 600
'06/4-6 '07/4-6 '06/7-9 '06/10-12 '07/1-3
659 530 541 543 500
FY08/3 FY07/3 <Consolidated Vehicle Sales (thousands of vehicles)>
+ 103.6 billion yen
10
100.0 160.2 140.1 110.4 99.1
50 100 150 200
'06/4-6 '07/4-6 '06/7-9 '06/10-12 '07/1-3
747 764 717
714
762
+ 20.1 billion yen
<Consolidated Vehicle Sales (thousands of vehicles)> FY08/3 FY07/3 (billions of yen)
Geographic Operating Income:North America
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36.5 34.8 29.5 36.5 38.5
10 20 30 40 50
'06/4-6 '07/4-6 '06/7-9 '06/10-12 '07/1-3
308 306 281
329
333
+ 2.0 billion yen
<Consolidated Vehicle Sales (thousands of vehicles)> FY08/3 FY07/3 (billions of yen)
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from expanded local operations in China.
28.2 28.1 31.3 30.0 49.6
20 40 60
'06/4-6 '07/4-6 '06/7-9 '06/10-12 '07/1-3
203
189 204 193 222
+ 19.6 billion yen
<Consolidated Vehicle Sales (thousands of vehicles)> FY08/3 FY07/3 (billions of yen)
13
300 340 337
319
345
16.4 31.0 20.2 15.9 38.6
20 40 60
'06/4-6 '07/4-6 '06/7-9 '06/10-12 '07/1-3
+ 22.7 billion yen
<Consolidated Vehicle Sales (thousands of vehicles)> FY08/3 FY07/3 (billions of yen)
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37.3 48.3 47.7 32.2 41.3
10 20 30 40 50
'06/4-6 '07/4-6 '06/7-9 '06/10-12 '07/1-3
<Operating Income>
+ 0.6 billion yen
(billions of yen)
15
54.0 66.1 33.2 56.2 81.8
20 40 60 80
'06/4-6 '07/4-6 '06/7-9 '06/10-12 '07/1-3
(- 1.1) (14.7) (4.5) (6.5) (14.2)
China(included above )
+ 25.6 billion yen
(billions of yen)
Chinese joint venture companies
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2,908.8 2,908.8 324.6 324.6 511.0 511.0 361.5 361.5 2,698.5 2,698.5 246.5 246.5 399.9 399.9 277.6 277.6
210.3 210.3 78.1 78.1 111.1 111.1 83.9 83.9 7.8% 7.8% 31.7% 31.7% 27.8% 27.8% 30.2% 30.2%
Unconsolidated Financial Summary (Japan GAAP)
(billions of yen)
FY2008 Q1 （’07/4-6） Change FY2007 Q1 （’06/4-6）
Net Revenues Net Revenues Operating Income Operating Income Ordinary Income Ordinary Income Net Income Net Income
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150 200 250 300 350 '06/4-6 '07/4-6
246.5
Increases in Expenses
Cost Reduction Efforts
+ 10.0
Marketing Efforts
+ 40.0
Effect of favorable FOREX rates
+ 100.0
+0.8 R&D Expenses..................... Depreciation and CAPEX related costs........... Labor costs.................. Others....... - 51.6 <Details of Increases in Expenses>
324.6 (+ 78.1)
Contributing Factors to Unconsolidated Operating Income
(billions of yen)
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890 2,273 2,320 2,942 2,990 1,224 1,270 789 1,296 1,420
1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 '06/4-'07/3 '07/4-'08/3
Other Asia Europe N.America Japan
8,890 (+ 366)
(+ 124) (+ 46) (+ 48) (+ 47) (+ 101)
8,524
【FY2007 Results】 【FY2008 Prospects】 (thousands of vehicles)
Figures in parenthesis represent expected year-on-year change
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25,000.0 25,000.0 2,250.0 2,250.0 2,400.0 2,400.0 1,650.0 1,650.0
115 yen 115 yen 150 yen 150 yen
23,948.0 23,948.0 2,238.6 2,238.6 2,382.5 2,382.5 1,644.0 1,644.0
117 yen 117 yen 150 yen 150 yen
1,052.0 1,052.0 11.4 11.4 17.5 17.5 6.0 6.0
2 yen － －
4.4% 4.4% 0.5% 0.5% 0.7% 0.7% 0.4% 0.4%
(billions of yen)
$ $ € € Net Revenues Net Revenues FOREX Rates FOREX Rates Net Income Net Income
Income before income taxes, Income before income taxes, minority interest and equity minority interest and equity earnings of affiliated companies earnings of affiliated companies
Operating Income Operating Income
FY2008 (’07/4-’08/3) FY2008 (’07/4-’08/3) FY2007 (’06/4-’07/3) FY2007 (’06/4-’07/3) Change Change
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Capital Expenditure R&D Expenses Depreciation Expenses
FY2008 Consolidated Prospects :CAPEX, Depreciation, R&D
(billions of yen)
Consolidated Consolidated
Japan Japan Europe Europe Asia Asia Others Others
1,500.0 1,500.0 (+ 17.4) 1,020.0 1,020.0 (+ 73.0) 940.0 940.0
(+ 49.3)
800.0 800.0
(- 15.3)
630.0 630.0 (+ 37.5) 400.0 400.0 (+ 80.7) 190.0 190.0 (+ 24.7) 110.0 110.0
(- 9.7)
90.0 90.0
(+ 0.5)
110.0 110.0
(- 31.6)
65.0 65.0
(+ 3.1)
80.0 80.0
(- 6.7)
45.0 45.0
(+ 7.2)
Figures in parenthesis represent year-on-year change
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1.1% 1.1% 2 2.2% .2% 6.6% 6.6%
(billions of yen)
FY2008 (’07/4-’08/3) FY2008 (’07/4-’08/3) Change Change FY2007 (’06/4-’07/3) FY2007 (’06/4-’07/3)
Net Revenues Net Revenues Net Income Net Income Ordinary Income Ordinary Income Operating Income Operating Income
11,700.0 11,700.0 11,571.8 11,571.8
128.2 128.2
1,100.0 1,100.0 1,150.9 1,150.9
50.9 9
4.4%
1,590.0 1,590.0 1,555.1 1,555.1
34.9 34.9
1,130.0 1,130.0 1,060.1 1,060.1
69.9 69.9
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1,720 1,720 2,590 2,590 6,900 6,900 1,659 1,659 2,597 2,597 6,443 6,443 5,200 5,200 5,001 5,001 4,280 4,280 4,185 4,185 4,380 4,380 3,939 3,939 8,660 8,660 8,124 8,124
FY2008 (’07/4-’08/3) FY2008 (’07/4-’08/3) FY2007 (’06/4-’07/3) FY2007 (’06/4-’07/3)
(thousands of vehicles) (thousands of vehicles)
Automotive Automotive Production Production Japan Japan Overseas Overseas
Total Total Sales (Japan) Sales (Japan) Sales (Overseas) Sales (Overseas) Exports Exports Housing Sales Housing Sales
Units Units
Three months ended June 30, 2007