7th Feb 2006 16:21
Toyota Motor Corporation07 February 2006 Supplementary Material for Financial Results for the 3 months ended December 31,2005 (Consolidated) (U.S. GAAP) FY2005 in accordance with U.S. GAAP FY2006 (Note 1) (Note 1)(Note 1) FY2005 (Note 1) Prospects 1Q 2Q 1st 3Q 4Q 2nd 12 mos. 1Q 2Q 1st 3Q Ending Half Half ended Half March 31, March 2006 31, 2005 Vehicle 1,744 1,725 3,469 1,805 1,957 3,762 7,231 1,892 1,809 3,701 1,914Production(thousands ofunits)(Japan) 1,077 1,100 2,177 1,115 1,242 2,357 4,534 1,123 1,068 2,191 1,177includingDaihatsu & Hino (Overseas) 667 625 1,292 690 715 1,405 2,697 769 741 1,510 737includingDaihatsu & Hino North America 297 278 575 271 310 581 1,156 320 289 609 285 Europe 146 137 283 156 157 313 596 157 142 299 147 Asia 150 131 281 190 176 366 647 205 211 416 217 Latin America 21 21 42 18 22 40 82 31 32 63 30 Oceania 28 29 57 25 24 49 106 29 29 58 27 Africa 25 29 54 30 26 56 110 27 38 65 31 FY2005 in accordance with U.S. GAAP FY2006 (Note 1) (Note 1)(Note 1) FY2005 (Note 1) Prospects 1Q 2Q 1st 3Q 4Q 2nd 12 mos. 1Q 2Q 1st 3Q Ending Half Half ended Half March 31, March 2006 31, 2005 Vehicle Sales 1,791 1,776 3,567 1,839 2,002 3,841 7,408 1,948 1,885 3,833 1,980 7,950(thousands ofunits)(Japan) 538 568 1,106 573 702 1,275 2,381 550 536 1,086 571 2,360includingDaihatsu & Hino (Overseas) 1,253 1,208 2,461 1,266 1,300 2,566 5,027 1,398 1,349 2,747 1,409 5,590includingDaihatsu & Hino North America 572 554 1,126 576 569 1,145 2,271 641 604 1,245 643 2,570 Europe 247 229 476 249 254 503 979 256 242 498 246 1,040 Asia 202 184 386 195 252 447 833 229 219 448 217 860 Latin America 45 46 91 47 47 94 185 61 63 124 59 230 Oceania 64 61 125 56 58 114 239 67 62 129 59 250 Africa 56 52 108 64 52 116 224 64 62 126 63 250 the Middle 67 82 149 79 68 147 296 80 97 177 122 390 East and Others FY2005 in accordance with U.S. GAAP FY2006 (Note 1) (Note 1)(Note 1) FY2005 (Note 1) Prospects 1Q 2Q 1st 3Q 4Q 2nd 12 mos. 1Q 2Q 1st 3Q Ending Half Half ended Half March 31, March 2006 31, 2005 Total Retail 1,856 1,874 3,730 1,885 2,018 3,903 7,633 2,057 2,037 4,094 2,007Unit Sales(thousandsof units)Housing 848 1,346 2,194 1,443 1,646 3,089 5,283 919 1,355 2,274 1,307Sales(units)Foreign ExchangeRate as premise:Yen to US 110 110 110 106 105 105 108 108 111 110 117 112Dollar Rate Yen to 132 134 133 137 137 137 135 135 136 136 139 136 Euro Rate approximatelyRegistered 378 436 814 430 511 941 1,755 402 402 804 397 1,730ToyotaVehicles (in Japan)(thousandsof units)Market Share (Japan) approximately Toyota 46.1 43.3 44.6 46.4 43.0 44.5 44.5 45.0 40.8 42.8 46.2 44% (excluding Mini-cars) (%) Toyota, 41.6 41.0 42.5 41.1 41.1 39.8 42.5 Daihatsu and Hino (including Mini-cars) (%)Number of 269,310 265,753 278,622Employees(Note 2) FY2005 in accordance with U.S. GAAP FY2006 Pros- (Note 1) (Note 1) (Note 1) FY2005 (Note 1) pects Ending 1Q 2Q 1st 3Q 4Q 2nd 12 mos. 1Q 2Q 1st 3Q March Half Half ended Half 31, March 2006 31, 2005 Net Sales 4,510.3 4,515.3 9,025.6 4,644.0 4,881.9 9,525.9 18,551.5 4,981.7 4,971.4 9,953.1 5,333.3(billions ofyen) Geographical Segment Japan 2,857.6 2,923.0 5,780.6 3,018.3 3,205.2 6,223.5 12,004.1 2,992.0 3,040.9 6,032.9 3,375.8 North 1,626.1 1,563.6 3,189.7 1,595.7 1,588.0 3,183.7 6,373.4 1,835.7 1,791.6 3,627.3 2,027.0 America Europe 591.0 610.3 1,201.3 631.8 646.3 1,278.1 2,479.4 673.1 627.7 1,300.8 666.6 Asia 388.3 361.5 749.8 397.7 477.9 875.6 1,625.4 507.1 489.9 997.0 501.0 Others 282.1 300.4 582.5 298.2 303.0 601.2 1,183.7 363.4 396.7 760.1 416.4 Elimination -1,234.8 -1,243.5 -2,478.3 -1,297.7 -1,338.5 -2,636.2 -5,114.5 -1,389.6 -1,375.4 -2,765.0 -1,653.5 Business Segment Automotive 4,199.8 4,139.8 8,339.6 4,278.4 4,495.5 8,773.9 17,113.5 4,620.6 4,523.9 9,144.5 4,900.0 Financial 180.9 203.5 384.4 196.1 200.7 396.8 781.2 217.4 244.6 462.0 262.0 Services All Other 205.7 261.1 466.8 243.3 320.2 563.5 1,030.3 234.4 301.5 535.9 289.9 Elimination -76.1 -89.1 -165.2 -73.8 -134.5 -208.3 -373.5 -90.7 -98.6 -189.3 -118.6 FY2005 in accordance with U.S. GAAP FY2006 (Note 1) (Note 1)(Note 1) FY2005 (Note 1) Prospects 1Q 2Q 1st 3Q 4Q 2nd 12 mos. 1Q 2Q 1st 3Q Ending Half Half ended Half March 31, March 2006 31, 2005 Operating Income 448.6 417.6 866.2 422.9 383.0 805.9 1672.1 405.1 404.3 809.4 482.2(billions of yen) (9.9) (9.2) (9.6) (9.1) (7.8) (8.5) (9.0) (8.1) (8.1) (8.1) (9.0)(Operating IncomeRatio)(%) Geographical Segment Japan 253.0 237.6 490.6 237.3 259.3 496.6 987.2 188.4 197.5 385.9 281.1 North 129.8 114.9 244.7 127.8 75.0 202.8 447.5 137.8 130.7 268.5 127.8 America Europe 30.9 35.4 66.3 26.5 15.7 42.2 108.5 16.7 23.4 40.1 26.6 Asia 24.4 19.1 43.5 25.1 25.2 50.3 93.8 39.8 35.6 75.4 38.6 Others 13.3 14.1 27.4 8.4 11.6 20.0 47.4 17.0 19.2 36.2 14.7 Elimination -2.8 -3.5 -6.3 -2.2 -3.8 -6.0 -12.3 5.4 -2.1 3.3 -6.6 Business Segment Automotive 403.8 353.0 756.8 355.5 340.2 695.7 1,452.5 366.8 354.5 721.3 427.3 Financial 46.2 56.5 102.7 58.7 39.4 98.1 200.8 39.7 43.8 83.5 46.8 Services All Other 1.5 11.2 12.7 11.0 10.0 21.0 33.7 1.5 8.3 9.8 11.5 Elimination -2.9 -3.1 -6.0 -2.3 -6.6 -8.9 -14.9 -2.9 -2.3 -5.2 -3.4Income before 470.4 442.8 913.2 447.1 394.3 841.4 1,754.6 421.8 434.1 855.9 639.9taxes(billions of yen)(10.4) (9.8) (10.1) (9.6) (8.1) (8.8) (9.5) (8.5) (8.7) (8.6) (12.0)(Income beforetaxesRatio) (%)Equity in 34.7 24.1 58.8 39.3 41.3 80.6 139.4 35.6 35.1 70.7 45.8Earnings ofAffiliatedCompanies(billions of yen)Net Income 286.6 297.4 584.0 296.5 290.7 587.2 1,171.2 266.8 303.7 570.5 397.5(billions of yen)(Net Income (6.4) (6.6) (6.5) (6.4) (6.0) (6.2) (6.3) (5.4) (6.1) (5.7) (7.5)Ratio) (%) FY2005 in accordance with U.S. GAAP FY2006 (Note 1) (Note 1)(Note 1) FY2005 (Note 1) Prospects 1Q 2Q 1st 3Q 4Q 2nd 12 mos. 1Q 2Q 1st 3Q Ending Half Half ended Half March 31, March 2006 31, 2005 Research & 158.7 192.7 351.4 181.3 222.4 403.7 755.1 180.4 192.7 373.1 211.4 800.0Development(billions ofyen)Depreciation 181.2 210.9 392.1 184.1 199.6 383.7 775.8 190.7 210.2 400.9 236.2 880.0(billions ofyen) (Note 3) Geographical Segment Japan 112.8 129.1 241.9 114.4 132.1 246.5 488.4 115.2 132.9 248.1 150.9 560.0 North 38.7 49.8 88.5 37.7 26.8 64.5 153.0 38.6 39.1 77.7 46.2 160.0 America Europe 16.6 18.5 35.1 16.4 19.8 36.2 71.3 18.4 19.5 37.9 18.5 80.0 Asia 7.5 7.7 15.2 9.2 13.8 23.0 38.2 11.0 10.9 21.9 11.9 45.0 Others 5.6 5.8 11.4 6.4 7.1 13.5 24.9 7.5 7.8 15.3 8.7 35.0Capital 215.5 285.1 500.6 207.4 379.2 586.6 1,087.2 265.3 430.5 695.8 365.0 1,400.0Expenditures(billions ofyen) (Note 3) Geographical Segment Japan 128.6 153.1 281.7 128.6 264.7 393.3 675.0 157.6 285.7 443.3 208.5 840.0 North 34.6 56.0 90.6 30.7 32.4 63.1 153.7 44.8 65.3 110.1 67.9 250.0 America Europe 14.7 16.9 31.6 15.8 25.3 41.1 72.7 31.8 30.7 62.5 31.4 120.0 Asia 28.1 50.1 78.2 18.9 37.8 56.7 134.9 23.2 35.1 58.3 34.5 110.0 Others 9.5 9.0 18.5 13.4 19.0 32.4 50.9 7.9 13.7 21.6 22.7 80.0Total Liquid 3,415.9 3,521.7 3,697.7Assets(billions ofyen) (Note 4)Free Cash Flow -70.3 152.1 324.7(billions ofyen) (Note 5)Total Assets 22,605.4 23,310.1 23,119.1 24,335.0 25,103.6 26,257.5 27,545.1(billions ofyen)Shareholders' 8,349.9 8,542.0 8,718.7 9,045.0 9,167.6 9,692.7 10,194.4Equity(billions ofyen)Return on 13.9 14.0 13.7 13.6 11.7 12.2 16.0Equity (%)Return on 5.1 5.2 5.1 5.1 4.3 4.5 5.9Asset (%) Number of 540 524 529ConsolidatedSubsidiaries Number of Affiliates 56 56 57Accounted for UndertheEquity Method Contributing Factors to Operating Income FY2006 3Q (billions of yen, approximately) Consolidated Unconsolidated SubsidiariesMarketing Efforts 60.0 20.0 40.0Cost Reduction Efforts 30.0 20.0 10.0 From Engineering 15.0 15.0 0.0 From Manufacturing and Logistics 15.0 5.0 10.0Effects of Changes in Exchange Rates 130.0 110.0 20.0Decrease in DAIKO HENJO -28.5 0.0 -28.5Increases in Expenses -132.2 -62.0 -70.2 Cautionary Statement with Respect to Forward-Looking Statements This report contains forward-looking statements that reflect Toyota's plans andexpectations. These forward-looking statements are not guarantees of futureperformance and involve known and unknown risks, uncertainties and other factorsthat may cause Toyota's actual results, performance, achievements or financialposition to be materially different from any future results, performance,achievements or financial position expressed or implied by these forward-lookingstatements. These factors include: (i) changes in economic conditionsaffecting, 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 valueof the Japanese yen, the U.S. dollar, the euro, the Australian dollar and theBritish pound; (iii) Toyota's ability to realize production efficiencies and toimplement capital expenditures at the levels and times planned by management;(iv) changes in the laws, regulations and government policies affecting Toyota'sautomotive operations, particularly laws, regulations and policies relating toenvironmental protection, vehicle emissions, vehicle fuel economy and vehiclesafety, as well as changes in laws, regulations and government policiesaffecting Toyota's other operations, including the outcome of future litigationand other legal proceedings; (v) political instability in the markets in whichToyota operates; (vi) Toyota's ability to timely develop and achieve marketacceptance of new products; and (vii) fuel shortages or interruptions intransportation systems, labor strikes, work stoppages or other interruptions to,or difficulties in, the employment of labor in the major markets where Toyotapurchases materials, components and supplies for the production of its productsor where its products are produced, distributed or sold. A discussion of these and other factors which may affect Toyota's actualresults, performance, achievements or financial position is contained inToyota's annual report on Form 20-F, which is on file with the United StatesSecurities and Exchange Commission. Supplementary Material for Financial Results for the 3 months ended December 31,2005 (Unconsolidated) (Japan GAAP) FY2002 FY2003 FY2004 6 mos. 12 mos. 6 mos. 12 mos. 6 mos. 12 mos. ended ended ended ended ended ended Sep. 30, March 31, Sep. 30, March 31, Sep. 30, March 31, 2001 2002 2002 2003 2003 2004 Vehicle Production 1,644 3,364 1,676 3,513 1,682 3,558(thousands of units)Vehicle Sales 1,674 3,428 1,691 3,559 1,720 3,625(thousands of units) Japan 850 1,720 800 1,724 830 1,765 Exports 824 1,708 891 1,835 890 1,860 North America 353 754 414 841 398 811 Europe 200 425 182 392 198 419 Asia 58 106 80 165 71 151 Latin America 52 93 34 71 28 61 Oceania 58 116 71 137 78 158 Others 103 214 110 229 117 260Net Sales (billions of 4,011.9 8,284.9 4,204.7 8,739.3 4,302.1 8,963.7yen) Japan 1,767.3 3,544.3 1,607.3 3,438.4 1,667.5 3,593.1 Exports 2,244.5 4,740.6 2,597.4 5,300.8 2,634.5 5,370.5Operating Income 354.2 748.9 471.3 861.3 459.1 833.7(billions of yen) (Operating Income (8.8) (9.0) (11.2) (9.9) (10.7) (9.3) Ratio) (%)Ordinary Income 347.1 768.9 481.7 892.6 510.5 915.7(billions of yen) (Ordinary Income (8.7) (9.3) (11.5) (10.2) (11.9) (10.2) Ratio) (%)Net Income (billions of 203.5 470.2 382.2 634.0 338.0 581.4yen) (Net Income Ratio) (%) (5.1) (5.7) (9.1) (7.3) (7.9) (6.5)Shareholders Return Dividend Payout 47.4 101.5 56.8 125.8 67.9 151.2 (billions of yen) Dividend Per 13 28 16 36 20 45 Share (yen) Payout Ratio (%) 23.3 21.6 14.9 19.8 20.1 26.0 Value of shares 129.2 129.2 143.0 143.0 - - canceled (billions of yen) Shareholder Return (%) 86.8 49.1 52.3 42.4 20.1 26.0 (Note 6) Value of shares 129.2 277.5 163.3 453.4 161.7 398.8 repurchased (billions of yen)Number of Outstanding 3,649,997 3,649,997 3,609,997 3,609,997 3,609,997 3,609,997Shares(thousands)Number of Employees 65,029 66,820 66,874 65,551 66,099 65,346(Note 2) FY2005 FY2006 6 mos. Ended Sep. 12 mos. Ended 6 mos. Ended prospects for 12 30, March 31, 2005 Sep.30, 2005 mos. 2004 ending March 31, 2006 Vehicle Production 1,802 3,749 1,798 3,840(thousands of units)Vehicle Sales 1,805 3,787 1,808 3,890(thousands of units) Japan 838 1,805 806 1,760 Exports 967 1,982 1,002 2,130 North America 412 864 470 1,070 Europe 197 420 167 350 Asia 82 151 66 120 Latin America 38 78 46 80 Oceania 89 164 85 160 Others 149 305 168 350Net Sales (billions of 4,459.7 9,218.3 4,664.0 10,100.0yen) Japan 1,723.0 3,654.9 1,671.7 Exports 2,736.7 5,563.4 2,992.2Operating Income 392.3 701.3 297.6 750.0(billions of yen) (Operating Income (8.8) (7.6) (6.4) (7.4) Ratio) (%)Ordinary Income (billions 442.3 856.2 416.6 980.0of yen) (Ordinary Income Ratio) (9.9) (9.3) (8.9) (9.7) (%)Net Income (billions of 263.7 529.3 283.6 670.0yen) (Net Income Ratio) (%) (5.9) (5.7) (6.1) (6.6)Shareholders Return Dividend Payout 82.0 212.7 113.8 (billions of yen) Dividend Per Share 25 65 35.0 (yen) Payout Ratio (%) 31.1 40.5 40.2 Value of shares - - - canceled (billions of yen) Shareholder Return (%) 31.1 40.5 40.2 (Note 6) Value of shares 208.4 266.2 61.7 repurchased (billions of yen)Number of Outstanding 3,609,997 3,609,997 3,609,997Shares(thousands)Number of Employees 64,408 64,237 65,994(Note 2) (Note 1) 2Q = 1st Half - 1Q , 2nd Half = FY03 - 1st Half , 4Q = 2nd Half - 3Q (Note 2) Part-time employees (i.e. seasonal workers) are counted in the figure,along with full-time employees. (Note 3) Figures for depreciation and capital expenditures do not includevehicles in operating lease. (Note 4) Excluding financial subsidiaries (Note 5) Calculation: Cash flows from operating activities + Cash flows frominvesting activities (excluding financial entities) (Note 6) Calculation: (Dividend payout + Value of shares canceled) / Netincome Cautionary Statement with Respect to Forward-Looking Statements This report contains forward-looking statements that reflect Toyota's plans andexpectations. These forward-looking statements are not guarantees of futureperformance and involve known and unknown risks, uncertainties and other factorsthat may cause Toyota's actual results, performance, achievements or financialposition to be materially different from any future results, performance,achievements or financial position expressed or implied by these forward-lookingstatements. These factors include: (i) changes in economic conditionsaffecting, 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 valueof the Japanese yen, the U.S. dollar, the euro, the Australian dollar, and theBritish pound; (iii) Toyota's ability to realize production efficiencies and toimplement capital expenditures at the levels and times planned by management;(iv) changes in the laws, regulations and government policies affecting Toyota'sautomotive operations, particularly laws, regulations and policies relating toenvironmental protection, vehicle emissions, vehicle fuel economy and vehiclesafety, as well as changes in laws, regulations and government policiesaffecting Toyota's other operations, including the outcome of future litigationand other legal proceedings; (v) political instability in the markets in whichToyota operates; (vi) Toyota's ability to timely develop and achieve marketacceptance of new products; and (vii) fuel shortages or interruptions intransportation systems, labor strikes, work stoppages or other interruptions to,or difficulties in, the employment of labor in the major markets where Toyotapurchases materials, components and supplies for the production of its productsor where its products are produced, distributed or sold. A discussion of these and other factors which may affect Toyota's actualresults, performance, achievements or financial position is contained inToyota's annual report on Form 20-F, which is on file with the United StatesSecurities and Exchange Commission. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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