Outline of Consolidated Results for the Fiscal Year Ended ... · 4Q 7.9 Automotive Funded Funded Non-automotive FY ended March 2013 Total 12.7 1Q –3Q 55.9 4Q 40.5 Unfunded 76.0

Outline of Consolidated Results for the Fiscal Year Ended March 2013

May 8, 2013

© 2013 1

Contents

1. Outline of Consolidated Results for the Fiscal Year Ended March 2013 2

2. Progress of Investment Plan 12

3. Consolidated Earnings Forecast for the Fiscal Year Ending March 2014 14

4. Supplementary Materials 19

1. Outline of Consolidated Results for the Fiscal Year Ended March 2013

© 2013 3

+8%+9.7

+7%+387.6

+2%+1.2

+25%+23.4

Net sales Operating income

Ordinary income

Net income

Consolidated Results

5,916.7

March 2012 Results

March 2013 Results

6,304.3

92.4115.8 115.1

124.8

66.267.4

(Billion yen)

◆ Increases in sales and income YoY (net sales, operating income, ordinary income and net income have increased for three consecutive years)

⇒ Net sales: Increase in sales volume led by the Chemicals & Electronics Division and the Automotive DivisionOperating income and ordinary income: Increases mainly in the Machinery, Energy & Project DivisionNet income: Slight increase, held down by reduced extraordinary income

© 2013 4

March 2012Results

March 2013Results

+5.8

+14.6

+1.9

-10.8

+1.4+13.9

+9.6

-3.0

Positive and Negative Factors behind YoY Change in Operating Income (Billion yen)

Increase in unit car sales

Lower demand

Increase incar

production

Inter-account

transfers due to forex

fluctuations

Lower market prices

92.4

115.8

March 31, 20127.53 million units

March 31, 20138.56 million units

Positive factor

Negative factor

New consolidated subsidiaries

Other

-5.5

Nonrecurring items

Elematec, Eurus Energy, etc.

Forex effect from yen

depreciation

Effect from China -4.5

Toyota Motor’s car production volume

Toyota Motor’s car production volume

© 2013

+6%+16%

+1%+15%

-8% -7%

+1%1,694.1

678.5781.9

1,253.41,324.8

290.2 278.1

5

-13%+61%

+21%

- -12%

+11%

+9%

Net Sales and Operating Income by Division(Year-on-Year Comparison)

*Percentage change calculations above do not include the effect of foreign currency translation.


(Billion yen)

March 2012

results

March 2013

results

March 2012

results

March 2013

results

36.2

16.9

31.2

10.4 10.4

2.5

11.7

Forexfactors

Forexfactors

Metals Global Production

Parts & Logistics

Automotive Machinery, Energy &

Project

Consumer Products, Services & Materials

Chemicals & Electronics

Produce & Foodstuffs

Metals Global Production

Parts & Logistics

Automotive Machinery, Energy &

Project

Consumer Products,

Services & Materials



© 2013 6

+6%

Net Sales and Operating Income by Division

+1% +9%

Metals Division Global Production Parts & Logistics Division

(Billion yen)

33.2

[Net sales] Increase due to car production（ca. +113.0） Lower market prices（ca. -102.0）

[Operating income] Increase due to higher sales

+61%

641.8678.5

620.8 +36.721.0

10.516.9

9.90.6

+6.4

[Net sales] Increase in auto parts sales volume（ca. +29.0） Increase in sales volume of logistics, etc.（ca. +8.0）

[Operating income] Increase mainly attributable to increased auto parts

sales

1,694.1

1,655.3 +13.225.6

1,680.9

36.2

32.30.9

Metals and Global Production Parts & Logistics

+3.0

Net sales Operating income Net sales Operating income

© 2013 7

+1%+16% +21% -


Automotive Division Machinery, Energy & Project Division


(Billion yen)

25.7

[Net sales] Increase in automobile export volume at parent

company (ca. +48.0) Growth in overseas auto sales (ca. +62.0)

Central & Western Asia +20.0, Russia +10.0, Australia & Asia +18.0, Africa +8.0

[Operating income] Increase due to higher overseas unit auto sales


1,240.51,253.4

1,224.5+12.916.0

0.6

10.4

0.50.1

+9.8

[Net sales] Increase in machinery-related (ca. +22.0)

Of which automotive-related equipment (ca. +30.0) Lower energy- and plant-related sales volume (ca. -9.0)

Of which petroleum products, etc. (ca. -34.0), effect of new consolidated subsidiaries, etc. (ca. +25.0)

[Operating income] Higher income from automotive-related equipment Increase due to effect of new consolidated subsidiaries

781.9

668.8+110.6

2.5

671.3

31.2

25.40.3

+5.5

Automotive and Machinery, Energy & Project

© 2013 8

+15% +11%-8%-12%


Chemicals & Electronics Division


[Net sales] Effect of new consolidated subsidiaries (ca. +129.0) Increase in electronic parts unit-sales (ca. +9.0)

[Automotive: +18.0; Non-automotive: -9.0] Higher chemical & resin sales volume (ca. +36.0)

[Automotive: +13.0; Non-automotive: +23.0]

[Operating income] Increase due to effect of new consolidated subsidiaries

and higher automotive-related sales Decrease due to effect of weaker market environment

1,324.8

1,137.2 +174.313.3

1,150.510.4

0.3

-1.4

Chemicals & Electronics and Produce & Foodstuffs

Produce & Foodstuffs Division

(Billion yen)

[Net sales] Lower grain import volume

[Operating income] Increase due to higher market prices


314.6 290.2

311.1 -24.43.5

2.2

2.52.5

-0.3

+0.3

11.5

11.8

© 2013 9

-7% -13%


Consumer Products, Services & Materials Division

(Billion yen)


[Net sales & Operating income] Effect of non-recurrence of year-earlier sales of real

estate held for sale

278.1

295.1 -20.03.0

298.1

11.7

0.1

-1.7

Consumer Products and Services & Materials

13.3

13.4

© 2013 10

Assets

Net Assets

Balance Sheets

March 31, 2012 March 31, 2013

(Billion yen)

Net assets751.7

920.0

Total assets 2,837.4

Current assets1,976.9

Investments/Other394.8

PPE/Intangibles465.6

2,294.1

810.0

488.1

3,592.3

(Net worth: 640.3) (Net worth: 760.1)

Intangible assets: +252.2Inventories: +186.6Property and equipment: +92.3Investment securities: +81.7

[Increase in net worth: +119.8]Retained earnings: +47.8Foreign currency

translation adjustments: +51.8Net unrealized gains or losses on available-for-sales securities, net of taxes +27.7

[Other increases: +48.4]Minority interests: +49.0

Increase in total assets:+754.9

Increase in net assets: +168.3

© 2013 11

Net cash provided by operating

activities

Net cash used in investing activities

Free cash flow Net cash provided by financing

activities

Cash Flows (Billion yen)

-199.2-323.3

+124.1+223.3

Increase due tonet income

Proactive investment for business enhancements ca. -370.0 Automotive: Non-automotive ratio (excluding CFAO) ca. 3:7

Increase in proceeds from debt to fund

investments

2．Progress of Investment Plan

© 2013

Total

13

Gas development project (Australia/Canada) Participation in power generation business

(Asia & North America)

Gas development project (Australia/Canada) Lithium development project (Argentina)

Expansion of the overseas assembly business

Automotive investment

Non-automotive investment

Establishment of new overseas dealers in emerging countries

Reinforcement of the logistics business (overseas)

Approved but not yet

funded

Approved but not yet

funded

Progress of Investment Plan

1Q – 3Q 29.5

4Q 7.9

AutomotiveAutomotiveFunded

Funded

NonNon--automotiveautomotive

FY ended March 2013

Total 12.7

1Q – 3Q 55.9

4Q 40.5

Unfunded 76.0Total 209.8

Funded 133.8

Total 96.4

Total 37.4

Total 63.3

Separate Separate budgetbudget Acquisition of a 97.81% stake in CFAO Funded 234.5

(Billion yen)

Investment as of 4Q of FY ended March 2013

3. Consolidated Earnings Forecast for the Fiscal Year Ending March 2014

© 2013 15

Assumptions of Forecast for the Fiscal Year Ending March 2014

Benchmark Forecast for Full Fiscal Year

Exchange Rate USD 1 JPY 90EUR 1 JPY 120

Interest rate (per annum)

JPY (Short-term) 0.35%JPY (Long-term) 1.2%USD 0.7%EUR 0.5%

Toyota Motor’s automobile production 9.06 million units

© 2013 16

+19%+1,195.7

+34%+39.2

+30%+37.2

+5%+3.6

Forecast for the Fiscal Year Ending March 2014


Ordinary income

Net income

6,304.3

(Billion yen)

March 2013 Results

March 2014 Forecast

7,500.0

115.8

155.0124.8

162.0

67.4 71.0

© 2013 17

+15%+245.9

+31%+211.5

+62%+488.1 -6%

-73.4

+25%+325.2

+38%+109.8 -39%

-108.1

Metals

1,694.1

1,940.0

(Billion yen)

Global Production Parts & Logistics

Automotive Machinery, Energy & Project



Consumer Products & Services*

678.5

890.0781.9

1,270.01,253.4

1,180.0

1,324.8

1,650.0

290.2400.0

278.1170.0

March 2013 Results

March 2014 Forecast

Forecast by Product (Net Sales)

* Effective April 1, 2013, the name of the Consumer Products, Services, & Materials Division was changed to the Consumer Products & Services Division. The results for FY2012 are presented based on the previous segmentation.

© 2013 18

+14%+5.3

+18%+3.1

+51%+15.8

+63%+6.6

+120%+12.6

+214%+5.5

-27%-3.2

36.2

41.5

16.9

20.0

31.2

47.0

10.4

17.0

10.4

23.0

2.58.0

11.78.5

(Billion yen)

March 2013 Results

March 2014 Forecast

Forecast by Product (Operating income)

Metals Global Production Parts & Logistics

Automotive Machinery, Energy & Project



Consumer Products &Services*

* Effective April 1, 2013, the name of the Consumer Products, Services, & Materials Division was changed to the Consumer Products & Services Division. The results for FY2012 are presented based on the previous segmentation.

4. Supplementary Materials

© 2013 20

Supplementary Materials (Contents)

Supplementary Materials 1: Selling, General and Administrative Expenses 21

Supplementary Materials 2: Non-operating Income and Expenses 22

Supplementary Materials 3: Number of Consolidated Subsidiaries 23

Supplementary Materials 4: Companies with Losses and with Negative Net Worth 24

Supplementary Materials 5: Net Sales and Operating Income by Geographical Area 25

© 2013 21

Supplementary Materials 1:Selling, General & Administrative Expenses

Selling, General & Administrative Expenses

(Billion yen)

Breakdown Mar. 2012results

Mar. 2013results

Year-on-year change (%)

Major factors for increases/decreases

Personnel expenses 132.9 151.1 18.2(13.7%)

+11.4 billion from new consolidated subsidiaries

Depreciation expenses (incl. amortization of goodwill)

30.6 35.24.6

(14.9%)

Provision for doubtful receivables

0.1 0.2 0.1(43.6%)

Other expenses 87.8 101.4 13.6(15.4%)

+20 increase in traffic and traveling expenses; +18 increase in rent; +18 increase in charges and fees; and an increase in miscellaneous expenses

Subtotal 251.5 288.0 36.5(14.5%)

© 2013

Supplementary Materials 2: Non-operating Income and Expenses

22

(Billion yen)

Mar. 2012results

Mar. 2013results

Year-on-year change Major factors for increases/decreases

Interest income 3.0 3.6 0.6

Interest expenses/ interest on CP

-13.6 -18.6 -5.0 Effect of new consolidated subsidiaries, etc.

Dividend income 11.3 12.0 0.7

Equity in the earnings of unconsolidated subsidiaries and affiliates

15.3 17.6 2.3 Increase in income at equity-method affiliates of the Machinery, Energy & Project Division

Other income 6.6 -5.7 -12.3 Increase in foreign exchange losses

Subtotal 22.7 8.9 -13.7

© 2013

No. of consolidated subsidiariesChanges from March

2012

Total no. of affiliated companies under

Financial Instruments and Exchange Law

Those with losses

Subsidiaries 615 56 211 * 679

Domestic 110 7 15 119

Overseas 505 49 196 560

Equity-method affiliates

193 30 18 ** 257

Domestic 19 7 2 32

Overseas 174 23 16 225

Total 808 86 229 936

23

Supplementary Materials 3: Number of Consolidated Subsidiaries: 808 (up by 229 from March 2012)

Subsidiaries and affiliates are determined based on effective-control and influence approaches. Non-consolidated subsidiaries are mostly those within two years of foundation having little materiality.

* An increase of 229 due to new consolidation, and a decrease of 18 due to merger, sale, liquidation, etc. ** An increase of 31 due to new application of the equity method, and a decrease of 13 due to change to consolidated subsidiary, sale, etc.

March 2013

© 2013 24

Supplementary Materials 4: Companies with Losses and with Negative Net Worth

With losses With profits

Mar. 2012 Mar. 2013 Mar. 2012 Mar. 2013

No. of companies 44 56 360 559

Equity in earnings/losses (billion yen)

-4.0 -8.9 65.5 85.9

With negative net worth

Mar. 2012 Mar. 2013

No. of companies 8 7

Net assets(billion yen)

-4.7 -4.7

© 2013 25

+39%+12.1

+23%+7.2

+39%+4.1

-2%-0.2

+16%+2.1

+1%+30.9

+14%+182.0

+28%+111.2

+16%+44.5

+12%+18.9

Supplementary Materials 5:Net Sales and Operating Income by Geographical Area (Year-on-Year Comparison)


Japan Asia & Oceania

North America

Europe Other areas

(Billion yen)

3,820.6

3,789.7

1,475.9

1,293.9

503.6

392.4327.9

283.4

176.1157.2

43.1

31.0

38.9

31.7

14.610.5

6.56.7

14.512.4

March 2012

results

March 2013

results

March 2012

results

March 2013

results

Japan North America

Europe Other areas

Asia & Oceania

© 2013 26

+1% +14% +23%+39%

Japan Asia & Oceania


(Billion yen)

[Net sales] Increase due to effect of new consolidated

subsidiaries



1,475.91,293.9

+182.038.9

31.7

+7.2

[Net sales] Increase in sales volume due to higher car

production, primarily in Thailand

[Operating income] Increase due to higher sales and increased unit auto

sales in Oceania

3,820.63,789.7

+30.943.1

31.0

+12.1

Japan and Asia & Oceania

Supplementary Materials 5-1:Net Sales and Operating Income by Geographical Area

© 2013 27

+28% +16% -2%+39%

North America Europe


(Billion yen)

[Net sales] Increase in sales volume of U.S. subsidiaries in the

Metals Division and the Global Production Parts & Logistics Division because of higher car production in North America



327.9283.4

+44.56.56.7

-0.2

[Net sales] Increase in unit auto sales

[Operating income] Despite higher sales, operating income decreased

due to lower income at automotive sales companies in Russia

503.6392.4

+111.2

14.610.5

+4.1

North America and Europe


© 2013 28

+12% +16%

Other areas

(Billion yen)


[Net sales] Increase in sales volume at automotive sales

companies in Africa


176.1157.2

+18.9

14.512.4

+2.1

Other areas


© 2013 29

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Documents

Outline of Consolidated Results for the Fiscal Year Ended ... · 4Q 7.9 Automotive Funded Funded Non-automotive FY ended March 2013 Total 12.7 1Q –3Q 55.9 4Q 40.5 Unfunded 76.0