FY2007 Financial Results ended March 31, 2008 April 25, 2008
Overview of FY2007 Financial Results 01 / 22 1. Sales growth was due to the increase in car exports and 1. Sales growth was due to the increase in car exports and overseas car production of Japanese auto manufacturers. overseas car production of Japanese auto manufacturers. 2. Annual dividend per share increased by 9 yen to 54 yen 2. Annual dividend per share increased by 9 yen to 54 yen for the year ended March 31, 2008 for the year ended March 31, 2008 3. Sales increase and income decrease by an appreciation 3. Sales increase and income decrease by an appreciation of the yen and decrease in car production in North America of the yen and decrease in car production in North America for FY2008. for FY2008.
FY2007 Financial Results 02 / 22 (Ratio to Sales) (Unit: Billions of Yen) FY2007 FY2006 Change FY2007 FY2006 Change Sales 4,025.1 3,609.7 +415.4 +11.5% Sales 4,025.1 3,609.7 +415.4 +11.5% Operating Operating 348.7 303.1 +45.6 +15.0% 348.7 303.1 +45.6 +15.0% (8.7%) (8.4%) Income Income Income before Income before 364.8 319.7 +45.1 +14.1% 364.8 319.7 +45.1 +14.1% Income Taxes Income Taxes Net Income 244.4 205.2 +39.2 +19.1% Net Income 244.4 205.2 +39.2 +19.1% (6.1%) (5.7%) (Unit: Millions of Units) JPY113/$ JPY116/$ - JPY3 JPY113/$ JPY116/$ - JPY3 Foreign Foreign Exchange Rate JPY160/Euro JPY149/Euro + JPY11 Exchange Rate JPY160/Euro JPY149/Euro + JPY11 Domestic Car Domestic Car 11.80 11.50 +0.30 +2.6% 11.80 11.50 +0.30 +2.6% Production Production Overseas Car Overseas Car 12.53 11.39 +1.14 +10.0% 12.53 11.39 +1.14 +10.0% Production of Japanese Production of Japanese Manufacturers Manufacturers
Change in FY2007 Consolidated Sales 03 / 22 (Unit: Billions of Yen) ( ) : Change from the previous period By Customer By Business Segment (+4%) +12.2 +18.1 (+3%) +38.1 +98.3 (+12%) +38.9 (+13%) +16.8 (+12%) +66.2 +21.2 (+11%) +22.1 (+11%) (+8%) (+43%) +33.2 +110.1 (+38%) (+13%) +205.7 +149.9 4,025.1 4,025.1 (+415.4) (+415.4) (+13%) (+12%) TOYOTA Group Thermal FIAT Powertrain FORD 3,609.7 3,609.7 Information & Safety HONDA Electronic GM Electric Other OE Sales Aftermarket, New Small Motors & Other Business & Other FY06 FY06 FY07 FY07
Change in Income before Income Taxes 04 / 22 (Unit: Billions of Yen) Currency 364.8 +0.6 exchange gain +14.9 319.7 -44.6 +50.0 Cost Non-operating Depreciation reduction income increase +108.9 -32.0 Labor cost -17.9 Production Product volume Income Income -11.0 Effect of tax mix increase before before revision –16.2 -22.7 Income Income Expense Taxes Taxes and others -1.1 Raw material cost Extraordinary loss increase FY07 FY06
Geographical Segments by Company Location 05 / 22 ( ): Local Currency Base (Unit: Billions of Yen) Sales Operating Income +7.3% 2,800 1,400 2,725.9 140 220 215.3 -8.3% 1,200 2,600 2,541.3 197.5 120 200 +8.2% 1,000 2,400 100 (+8.7%) +75.1% 832.3 (+62.9%) 800 769.1 80.4 +28.3% +19.4% 80 (+21.2%) (+11.5%) 616.2 620.3 600 60 +42.3% 519.3 480.2 (+39.5%) 45.9 41.5 +118.3% 400 40 (+102.2%) 29.2 26.5 200 20 12.2 0 0 FY06 FY07 FY06 FY07 日本 北中南米 欧州 豪亜 日本 北中南米 欧州 豪亜 The The Asia & Asia & Japan Europe Japan Europe Americas Americas Oceania Oceania
FY2008 Forecast 06 / 22 (Unit: Billions of Yen) FY2008 FY2008 Change FY2007 Change FY2007 Forecast Forecast Sales 4,030.0 4,025.1 +4.9 +0.1% Sales 4,030.0 4,025.1 +4.9 +0.1% Operating Operating 289.0 348.7 -59.7 -17.1% 289.0 348.7 -59.7 -17.1% (7.2%) (8.7%) Income Income Income before Income before 308.0 364.8 -56.8 -15.6% 308.0 364.8 -56.8 -15.6% Income Taxes Income Taxes Net Income 200.0 244.4 -44.4 -18.2% Net Income 200.0 244.4 -44.4 -18.2% ( 5.0%) ( 6.1%) (Unit: Millions of Units) JPY100/$ JPY113/$ - JPY13 Foreign JPY100/$ JPY113/$ - JPY13 Foreign Exchange Rate JPY155/Euro JPY160/Euro - JPY5 Exchange Rate JPY155/Euro JPY160/Euro - JPY5 Domestic Car Domestic Car 12.13 11.80 +2.8% +0.33 12.13 11.80 +2.8% +0.33 Production Production Overseas Car Overseas Car 13.29 12.53 +0.76 +6.1% 13.29 12.53 Production of Japanese +0.76 +6.1% Production of Japanese Manufacturers Manufacturers
Change in Income before Income Taxes (FY07 – FY08) 07 / 22 (Unit: Billions of Yen) 364.8 -56.0 Extraordinary loss decrease Currency exchange 308.0 +3.5 +55.0 loss -82.8 Cost Labor reduction Income cost Income before before Product +60.0 Income Income mix Taxes Taxes & Others -36.5 Production volume Depreciation increase Effect of tax revision –6.3 FY07 FY08 F
Geographical Segments by Company Location (FY07 – FY08) 08 / 22 ( ): Local Currency Base (Unit: Billions of Yen) 197.5 + 2.1% 200 160 Operating Income Sales 2,784.0 2,000 1,800 2,725.9 - 27.9% 140 150 142.5 1,800 1,600 120 1,600 1,400 + 2.0% 1,200 100 (+ 13.4%) - 9.4% 82.0 80.4 1,000 (+ 2.8%) 80 + 0.8% + 3.4% 832.3 (+ 6.4%) (+ 14.0%) 800 754.0 - 15.7% 60 637.0 625.0 620.3 616.2 (- 3.2%) + 5.5% 600 41.5 (+ 10.6%) 40 35.0 400 26.5 28.0 20 200 0 0 FY07 FY08F FY07 FY08F 日本 北中南米 欧州 豪亜 日本 北中南米 欧州 豪亜 The The Asia & Asia & Japan Europe Japan Europe Americas Americas Oceania Oceania
Capital Expenditures, Depreciation and R&D 09 / 22 Europe Asia & Oceania Japan The Americas (Unit: Billions of Yen) ( ): Ratio to Sales 350 311.0 311.5 350 343.8 (7.7%) (7.7%) 322.0 37.6 R&D Expenditure 279.9 312.5 301.0 300 29.0 300 (7.8%) 288.7 256.3 36.6 31.7 26.0 22.0 238.2 (8.0%) 264.5 31.5 24.8 25.0 (8.5%) 250 40.0 250 24.6 39.0 23.6 235.3 28.0 40.4 219.9 24.4 25.0 31.6 20.7 200 200 27.5 30.6 185.1 21.4 16.1 161.0 24.4 34.6 18.3 11.8 150 150 17.6 22.2 19.8 145.1 234.5 232.0 222.0 100 210.7 100 202.0 188.1 111.7 CAPEX 153.3 128.6 Depreciation 50 50 0 0 FY04 FY05 FY06 FY07 FY08 F
Other Financial Indices 10 / 22 (Yen) 25.0 299.96 300 20.0 249.88 246.09 ( ％ ) 204.80 15.0 200 11.3 159.02 ROE 9.9 9.4 9.0 10.0 8.4 100 5.0 EPS 0 0.0 FY04 FY05 FY06 FY07 FY08 F
Return to Shareholders 11 / 22 FY2007 Annual Dividend per Share: Increased by 9 yen to 54 yen FY2007 Annual Dividend per Share: Increased by 9 yen to 54 yen FY2008 Share Buy-back Plan: 6 Million Shares FY2008 Share Buy-back Plan: 6 Million Shares Annual dividend per Share: 54 yen keeping the same level of FY2007 (Yen) (%) 60 25 54 54 Dividends Pay-out per Share 50 Ratio 45 18.6% 20 21.9% 20.1% 38 40 18.0% 18.0% 15 32 30 10 20 5 10 0 0 FY04 FY05 FY06 FY07 FY08 F
Topics 12 / 22 1. Action to improve FY2008 profitability 1. Action to improve FY2008 profitability 2. Strategy for emerging market 2. Strategy for emerging market
Action to improve FY2008 profitability 13 / 22 Strong Yen and raw material price hike -> Severe business environment Cost reduction for immediate effect Improve Reduce expense Improve Reduce expense Utilize strong yen Utilize strong yen Indirect/SGA work Deep analysis of efficiency Indirect/SGA work Deep analysis of efficiency Increase of import Increase of import before execution efficiency before execution efficiency
Topics 14 / 22 1. Action to improve FY2008 profitability 1. Action to improve FY2008 profitability 2. Strategy for emerging market 2. Strategy for emerging market
Request for Auto industry 15 / 22 Future expectation High Dream/ultimate car Environment-friendly, Safety Eliminate negative factor of car Function Accepted by society Worldwide growing car demand Basic Function With reasonable price Basic Low Cost High
Research and Development for Advanced Car 16 / 22 Environment, Safety, Comfort, Convenience as strategic area Environment, Safety, Comfort, Convenience as strategic area Collision prevention Low emission -Laser, Millimeter-wave -Hybrid system radar -Common rail system -Airbag ECU CO2 reduction Environment Total security -CO2 A/C Safety -Immobilizer -Ejector cycle -Security sensor Convenience Comfort Comfortable interior Information Interface -Multi air-conditioning -ETC Small-size A/C -Navigation System -Smell/vibration control -Driver assist cockpit -Thermal management
＿． 08 年 1 月 1 日付組織変更のポイント Car production forecast ＿．商品開発～環境分野での取り組み～ 17 / 22 Car production volume by region (unit:million/year, excluding heavy truck) N.A. Japan CAGR+1.5% CAGR+1.5% 16,000 Emerging 15,000 12,000 28,000(35%) 11,000 17,000(25%) 2007 2012 69,000 85,000 ‘07 ‘12 ‘07 ‘12 Europe(ex.Russia) Emerging CAGR+2.0% CAGR+11.0% 22,000 20,000 28,000 17,000 ASEAN, India, China, South America, Russia ‘07 ‘12 ‘12 ‘07 Strengthen the network Strengthen the network Growing Emerging Market Growing Emerging Market for emerging market for emerging market
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