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Toyota Global Vision President’s Message Launching a New Structure Special Feature Review of Operations
Consolidated Performance
Highlights
Management and
Corporate Information Investor InformationFinancial Section
Page 57
NextPrev
ContentsSearchPrint
ANNUAL REPORT 2013
Net Revenues
Toyota had net revenues for fi scal 2012 of
¥18,583.6 billion, a decrease of ¥410.0 billion, or
2.2%, compared with the prior fi scal year. This
decrease refl ects unfavorable impact of fl uctuations
in foreign currency translation rates and others of
¥717.7 billion, partially offset by changes in num-
bers of the vehicle unit sales and sales mix of
approximately ¥320.0 billion and other factors.
Excluding the difference in the Japanese yen value
used for translation purposes of ¥717.7 billion, net
revenues would have been approximately
¥19,301.3 billion during fi scal 2012, a 1.6%
increase compared with the prior fi scal year. The
automotive market in fi scal 2012 increased by 9.7%
in North America and 3.9% in Asia compared with
the prior fi scal year due to that market in the U.S.
and emerging countries such as Asia have devel-
oped in a steady manner. Under these automotive
market conditions, despite the Great East Japan
Earthquake and the fl ood in Thailand, Toyota’s con-
solidated vehicle unit sales increased to 7,352 thou-
sand vehicles by 0.6% compared with the prior
fi scal year.
products is due to an increase in Toyota vehicle unit
sales by 44 thousand vehicles. Excluding the differ-
ence in the Japanese yen value used for translation
purposes of ¥66.9 billion, net revenues from fi nan-
cial services operations would have been
approximately ¥1,138.6 billion, a 2.9% decrease
during fi scal 2012 compared with the prior fi scal
year. This decrease was mainly due to the decrease
of ¥18.3 billion rental revenue generated by vehicles
and equipment on operating lease.
The following table shows the number of fi nancing contracts by geographic region at the end of the fi scal
2012 and 2011, respectively.
Number of fi nancing contracts in thousands
Years ended March 31, 2012 vs. 2011 Change
2011 2012 Amount Percentage (%)
Japan 1,709 1,697 (12) –0.7
North America 4,654 4,535 (119) –2.6
Europe 790 796 6 +0.7
Asia 522 649 127 +24.3
Other* 527 552 25 +4.9
Total 8,202 8,229 27 +0.3
* “Other” consists of Central and South America, Oceania and Africa.
Geographically, net revenues (before the elimina-
tion of intersegment revenues) for fi scal 2012
decreased by 12.5% in North America, 1.2% in
Asia, and 2.7% in Other, whereas net revenues
increased by 1.6% in Japan and 0.6% in Europe
compared with the prior fi scal year. Excluding the
difference in the Japanese yen value used for trans-
lation purposes of ¥717.7 billion, net revenues in
fi scal 2012 would have decreased by 5.1% in North
America, and would have increased by 1.6% in
Japan, 5.3% in Europe, 3.8% in Asia and 1.7% in
Other compared with the prior fi scal year.
The table below shows Toyota’s net revenues from external customers by product category and by business.
Yen in millions
Years ended March 31, 2012 vs. 2011 Change
2011 2012 Amount Percentage (%)
Vehicles ¥14,507,479 ¥14,164,940 ¥(342,539) –2.4
Parts and components for overseas production 335,366 338,000 2,634 +0.8
Parts and components for after service 1,553,497 1,532,219 (21,278) –1.4
Other 926,411 929,219 2,808 +0.3
Total Automotive 17,322,753 16,964,378 (358,375) –2.1
All Other 497,767 547,538 49,771 +10.0
Total sales of products 17,820,520 17,511,916 (308,604) –1.7
Financial services 1,173,168 1,071,737 (101,431) –8.6
Total ¥18,993,688 ¥18,583,653 ¥(410,035) –2.2
Toyota’s net revenues include net revenues from
sales of products, consisting of net revenues from
automotive operations and all other operations,
which decreased by 1.7% during fi scal 2012 com-
pared with the prior fi scal year to ¥17,511.9 billion,
and net revenues from fi nancial services operations
which decreased by 8.6% during fi scal
2012 compared with the prior fi scal year to
¥1,071.7 billion. Excluding the difference in the
Japanese yen value used for translation purposes of
¥650.8 billion, net revenues from sales of products
would have been ¥18,162.7 billion, a 1.9% increase
during fi scal 2012 compared with the prior fi scal
year. The increase in net revenues from sales of
Management’s Discussion and Analysis of Financial Condition and Results of Operations
Selected Financial Summary (U.S. GAAP) Consolidated Segment Information Consolidated Quarterly Financial Summary Management’s Discussion and Analysis of Financial Condition and Results of Operations [12 of 26] Consolidated Financial Statements Notes to Consolidated Financial Statements
Management’s Annual Report on Internal Control over Financial Reporting Report of Independent Registered Public Accounting Firm