Toyota 2008 Annual Report Download - page 2

Cautionary Statement with Respect to Forward-Looking Statements
This annual report 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, the Canadian 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 operations, including the outcome of future litigation and other legal proceedings; (v) political
instability in the 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 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.
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.
Cover: Redesigned Crown (February 2008)
2Performance Overview
• Financial Highlights • The Year in Review
6Messages from the Management
6Chairman’s Message
Fujio Cho, Chairman
“Toyota aims to achieve sustained, long-term growth by providing high-quality
vehicles to people everywhere, and by contributing to the realization of a
bountiful and nurturing society.”
8President’s Message / An Interview with the President
Katsuaki Watanabe, President
”A strong, flexible corporate structure for increased corporate value”
16 Message from the Executive Vice President Responsible for Accounting
Mitsuo Kinoshita, Executive Vice President
“Toward Stable and Long-term Growth”
20 Special Feature
Sustainability in Three Areas
— Contributing to Sustainable Development of Society and the Earth —
Toyota is committed to sustainability in research and development, manufacturing, and
nurturing society. Toyota hopes to contribute to the realization of a prosperous, low-
carbon society, by satisfying the needs of both environmental preservation and
economic growth.
29 Business Overview
Toyota’s fiscal 2008 performance by business segment and activities
• Solid Foundations for Future Growth • At a Glance
• Automotive Operations • Financial Services Operations
• Other Business Operations • Motorsports Activities
51 Management & Corporate Information
A variety of information relating to the Company and its management
• Corporate Philosophy • Corporate Governance • Directors and Auditors
• Risk Factors • R&D and Intellectual Property • R&D Organization
• Production Sites • Overseas Manufacturing Companies • Toyota Milestones
69 Financial Section
Contents
134 Investor Information