Financials

Toyota Motor: FYE Mar 2026 and ten years of results (44 metrics)

FYE Mar 2026 · Revenue¥50.7tnYoY +5.5%

FYE Mar 2026 · Operating profit¥3.77tnYoY −21.5%

FYE Mar 2026 · Net profit¥3.85tnYoY −19.2%

FYE Mar 2026 · Equity ratio36.8%YoY −0.6pp

FYE Mar 2026 · Group employees390,927YoY +7,074

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥27.6tn	n/a	¥2.19tn	n/a	7.9%	¥1.83tn	Toyoda Akio	—
FYE Mar 2018Consolidated	¥29.4tn	+6.5%	¥2.62tn	+19.4%	8.9%	¥2.49tn	Toyoda Akio	Capital and business tie-up with Mazda
FYE Mar 2019Consolidated	¥30.2tn	+2.9%	¥2.29tn	−12.8%	7.6%	¥1.88tn	Toyoda Akio	—
FYE Mar 2020Consolidated	¥29.9tn	−1.0%	¥2.55tn	+11.8%	8.5%	¥2.04tn	Toyoda Akio	—
FYE Mar 2021Consolidated	¥27.2tn	−9.1%	¥2.20tn	−14.0%	8.1%	¥2.25tn	Toyoda Akio	Prime Planet Energy & Solutions established with Panasonic
FYE Mar 2022Consolidated	¥31.4tn	+15.3%	¥3.00tn	+36.3%	9.5%	¥2.85tn	Toyoda Akio	—
FYE Mar 2023Consolidated	¥37.2tn	+18.4%	¥2.73tn	−9.0%	7.3%	¥2.45tn	Toyoda Akio	—
FYE Mar 2024Consolidated	¥45.1tn	+21.4%	¥5.35tn	+96.4%	11.9%	¥4.94tn	Toyoda Akio	<a class="en-history_person" href="/tse/7203/executives/ceo/sato-koji/" hreflang="ja">Sato Koji</a> becomes president; <a class="en-history_person" href="/tse/7203/executives/ceo/toyoda-akio/" hreflang="ja">Toyoda Akio</a> moves up to chairman
FYE Mar 2025Consolidated	¥48.0tn	+6.5%	¥4.80tn	−10.4%	10.0%	¥4.77tn	Sato Koji	—
FYE Mar 2026Consolidated	¥50.7tn	+5.5%	¥3.77tn	−21.5%	7.4%	¥3.85tn	Sato Koji	—

How it compares

Toyota Motor¥50.7tnFY2025Operating margin 7.4%

Honda¥21.8tnFY2025Operating margin −1.9%Nissan Motor¥12.0tnFY2025Operating margin 0.5%Suzuki¥6.29tnFY2025Operating margin 9.9%Mazda¥4.92tnFY2025Operating margin 1.0%SUBARU¥4.78tnFY2025Operating margin 0.8%Mitsubishi Motors¥2.90tnFY2025Operating margin 2.6%

DAIHATSU MOTOR CO., LTD.Delisted 2016

Income statement Revenue, costs, each level of profit and the margins they leave

Where the revenue goes

¥ bn

Cost of sales SG&A Other operating costs Operating profit

Margins

Gross margin Operating margin Net margin

Revenue net sales, operating revenue

FYE Mar 2026 ¥50.7tn

CAGR · 10 yrs +7.0%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	27,597	n/a	Cons. · US GAAP
FYE Mar 2018	29,380	+6.5%	Cons. · US GAAP
FYE Mar 2019	30,226	+2.9%	Cons. · US GAAP
FYE Mar 2020	29,930	−1.0%	Cons. · US GAAP
FYE Mar 2021	27,215	moved to IFRS	Cons. · IFRS
FYE Mar 2022	31,380	+15.3%	Cons. · IFRS
FYE Mar 2023	37,154	+18.4%	Cons. · IFRS
FYE Mar 2024	45,095	+21.4%	Cons. · IFRS
FYE Mar 2025	48,037	+6.5%	Cons. · IFRS
FYE Mar 2026	50,685	+5.5%	Cons. · IFRS

Definition: Everything the company took in from its own business
Formula: Revenue line of the income statement
Source: Securities report (XBRL)

Cost of sales

FYE Mar 2026 ¥39.1tn

CAGR · 7 yrs +9.2%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · US GAAP
FYE Mar 2018	n/a	n/a	Cons. · US GAAP
FYE Mar 2019	n/a	n/a	Cons. · US GAAP
FYE Mar 2020	23,104	n/a	Cons. · US GAAP
FYE Mar 2021	21,200	moved to IFRS	Cons. · IFRS
FYE Mar 2022	24,251	+14.4%	Cons. · IFRS
FYE Mar 2023	29,129	+20.1%	Cons. · IFRS
FYE Mar 2024	33,601	+15.4%	Cons. · IFRS
FYE Mar 2025	35,510	+5.7%	Cons. · IFRS
FYE Mar 2026	39,141	+10.2%	Cons. · IFRS

Definition: The cost of what was sold
Formula: Cost of sales line of the income statement
Source: Securities report (XBRL)

Gross profit

FYE Mar 2026 ¥11.5tn

CAGR · 7 yrs +9.2%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · US GAAP
FYE Mar 2018	n/a	n/a	Cons. · US GAAP
FYE Mar 2019	n/a	n/a	Cons. · US GAAP
FYE Mar 2020	6,826	n/a	Cons. · US GAAP
FYE Mar 2021	6,015	moved to IFRS	Cons. · IFRS
FYE Mar 2022	7,129	+18.5%	Cons. · IFRS
FYE Mar 2023	8,026	+12.6%	Cons. · IFRS
FYE Mar 2024	11,495	+43.2%	Cons. · IFRS
FYE Mar 2025	12,527	+9.0%	Cons. · IFRS
FYE Mar 2026	11,544	−7.8%	Cons. · IFRS

Definition: What the product or service itself earns
Formula: Revenue − cost of sales
Source: Securities report (XBRL)

SG&A selling, general and administrative expenses

FYE Mar 2026 ¥4.70tn

CAGR · 7 yrs +7.9%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · US GAAP
FYE Mar 2018	n/a	n/a	Cons. · US GAAP
FYE Mar 2019	n/a	n/a	Cons. · US GAAP
FYE Mar 2020	2,982	n/a	Cons. · US GAAP
FYE Mar 2021	2,635	moved to IFRS	Cons. · IFRS
FYE Mar 2022	2,976	+13.0%	Cons. · IFRS
FYE Mar 2023	3,588	+20.6%	Cons. · IFRS
FYE Mar 2024	4,015	+11.9%	Cons. · IFRS
FYE Mar 2025	4,782	+19.1%	Cons. · IFRS
FYE Mar 2026	4,698	−1.8%	Cons. · IFRS

Definition: The cost of selling and of running the company
Formula: SG&A line of the income statement
Source: Securities report (XBRL)

Operating profit

FYE Mar 2026 ¥3.77tn

CAGR · 10 yrs +6.2%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	2,194	n/a	Cons. · US GAAP
FYE Mar 2018	2,620	+19.4%	Cons. · US GAAP
FYE Mar 2019	2,285	−12.8%	Cons. · US GAAP
FYE Mar 2020	2,555	+11.8%	Cons. · US GAAP
FYE Mar 2021	2,198	moved to IFRS	Cons. · IFRS
FYE Mar 2022	2,996	+36.3%	Cons. · IFRS
FYE Mar 2023	2,725	−9.0%	Cons. · IFRS
FYE Mar 2024	5,353	+96.4%	Cons. · IFRS
FYE Mar 2025	4,796	−10.4%	Cons. · IFRS
FYE Mar 2026	3,766	−21.5%	Cons. · IFRS

Definition: What the core business earns
Formula: Gross profit − SG&A
Source: Securities report (XBRL)

Net profit profit attributable to owners of the parent

FYE Mar 2026 ¥3.85tn

CAGR · 10 yrs +8.6%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	1,831	n/a	Cons. · US GAAP
FYE Mar 2018	2,494	+36.2%	Cons. · US GAAP
FYE Mar 2019	1,883	−24.5%	Cons. · US GAAP
FYE Mar 2020	2,036	+8.1%	Cons. · US GAAP
FYE Mar 2021	2,245	moved to IFRS	Cons. · IFRS
FYE Mar 2022	2,850	+26.9%	Cons. · IFRS
FYE Mar 2023	2,451	−14.0%	Cons. · IFRS
FYE Mar 2024	4,945	+101.7%	Cons. · IFRS
FYE Mar 2025	4,765	−3.6%	Cons. · IFRS
FYE Mar 2026	3,848	−19.2%	Cons. · IFRS

Definition: What is left after tax
Formula: Pre-tax profit − income taxes
Source: Securities report (XBRL)

Gross margin

FYE Mar 2026 22.8%

Average · 7 yrs 23.4%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · US GAAP
FYE Mar 2018	n/a	n/a	Cons. · US GAAP
FYE Mar 2019	n/a	n/a	Cons. · US GAAP
FYE Mar 2020	22.8	n/a	Cons. · US GAAP
FYE Mar 2021	22.1	moved to IFRS	Cons. · IFRS
FYE Mar 2022	22.7	+0.6pp	Cons. · IFRS
FYE Mar 2023	21.6	−1.1pp	Cons. · IFRS
FYE Mar 2024	25.5	+3.9pp	Cons. · IFRS
FYE Mar 2025	26.1	+0.6pp	Cons. · IFRS
FYE Mar 2026	22.8	−3.3pp	Cons. · IFRS

Definition: The share of revenue left after the cost of sales
Formula: Gross profit ÷ revenue
Source: Securities report (XBRL)

Operating margin

FYE Mar 2026 7.4%

Average · 10 yrs 8.7%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	7.9	n/a	Cons. · US GAAP
FYE Mar 2018	8.9	+1.0pp	Cons. · US GAAP
FYE Mar 2019	7.6	−1.4pp	Cons. · US GAAP
FYE Mar 2020	8.5	+1.0pp	Cons. · US GAAP
FYE Mar 2021	8.1	moved to IFRS	Cons. · IFRS
FYE Mar 2022	9.5	+1.5pp	Cons. · IFRS
FYE Mar 2023	7.3	−2.2pp	Cons. · IFRS
FYE Mar 2024	11.9	+4.5pp	Cons. · IFRS
FYE Mar 2025	10.0	−1.9pp	Cons. · IFRS
FYE Mar 2026	7.4	−2.6pp	Cons. · IFRS

Definition: The share of revenue the core business keeps
Formula: Operating profit ÷ revenue
Source: Securities report (XBRL)

Net margin

FYE Mar 2026 7.6%

Average · 10 yrs 8.1%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	6.6	n/a	Cons. · US GAAP
FYE Mar 2018	8.5	+1.9pp	Cons. · US GAAP
FYE Mar 2019	6.2	−2.3pp	Cons. · US GAAP
FYE Mar 2020	6.8	+0.6pp	Cons. · US GAAP
FYE Mar 2021	8.3	moved to IFRS	Cons. · IFRS
FYE Mar 2022	9.1	+0.8pp	Cons. · IFRS
FYE Mar 2023	6.6	−2.5pp	Cons. · IFRS
FYE Mar 2024	11.0	+4.4pp	Cons. · IFRS
FYE Mar 2025	9.9	−1.0pp	Cons. · IFRS
FYE Mar 2026	7.6	−2.3pp	Cons. · IFRS

Definition: The share of revenue left after everything
Formula: Net profit ÷ revenue
Source: Securities report (XBRL)

Cost-of-sales ratio

FYE Mar 2026 77.2%

Average · 7 yrs 76.6%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · US GAAP
FYE Mar 2018	n/a	n/a	Cons. · US GAAP
FYE Mar 2019	n/a	n/a	Cons. · US GAAP
FYE Mar 2020	77.2	n/a	Cons. · US GAAP
FYE Mar 2021	77.9	moved to IFRS	Cons. · IFRS
FYE Mar 2022	77.3	−0.6pp	Cons. · IFRS
FYE Mar 2023	78.4	+1.1pp	Cons. · IFRS
FYE Mar 2024	74.5	−3.9pp	Cons. · IFRS
FYE Mar 2025	73.9	−0.6pp	Cons. · IFRS
FYE Mar 2026	77.2	+3.3pp	Cons. · IFRS

Definition: The share of revenue taken by the cost of sales
Formula: Cost of sales ÷ revenue
Source: Securities report (XBRL)

SG&A ratio

FYE Mar 2026 9.3%

Average · 7 yrs 9.6%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · US GAAP
FYE Mar 2018	n/a	n/a	Cons. · US GAAP
FYE Mar 2019	n/a	n/a	Cons. · US GAAP
FYE Mar 2020	10.0	n/a	Cons. · US GAAP
FYE Mar 2021	9.7	moved to IFRS	Cons. · IFRS
FYE Mar 2022	9.5	−0.2pp	Cons. · IFRS
FYE Mar 2023	9.7	+0.2pp	Cons. · IFRS
FYE Mar 2024	8.9	−0.8pp	Cons. · IFRS
FYE Mar 2025	10.0	+1.1pp	Cons. · IFRS
FYE Mar 2026	9.3	−0.7pp	Cons. · IFRS

Definition: The share of revenue taken by selling and administrative costs
Formula: SG&A ÷ revenue
Source: Securities report (XBRL)

Balance sheet Assets, debt and equity, and what they say about financial strength

What the balance sheet is made of

¥ bn

Equity Liabilities and non-controlling interests

Financial strength

Equity ratio Debt-to-equity

Total assets

FYE Mar 2026 ¥105.5tn

CAGR · 10 yrs +9.0%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	48,750	n/a	Cons. · US GAAP
FYE Mar 2018	50,308	+3.2%	Cons. · US GAAP
FYE Mar 2019	53,416	+6.2%	Cons. · US GAAP
FYE Mar 2020	53,972	+1.0%	Cons. · US GAAP
FYE Mar 2021	62,267	moved to IFRS	Cons. · IFRS
FYE Mar 2022	67,689	+8.7%	Cons. · IFRS
FYE Mar 2023	74,303	+9.8%	Cons. · IFRS
FYE Mar 2024	90,114	+21.3%	Cons. · IFRS
FYE Mar 2025	93,601	+3.9%	Cons. · IFRS
FYE Mar 2026	105,522	+12.7%	Cons. · IFRS

Definition: Everything the company holds
Formula: Total assets line of the balance sheet
Source: Securities report (XBRL)

Equity net assets, shareholders' equity

FYE Mar 2026 ¥38.8tn

CAGR · 10 yrs +9.2%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	17,515	n/a	Cons. · US GAAP
FYE Mar 2018	18,736	+7.0%	Cons. · US GAAP
FYE Mar 2019	19,907	+6.3%	Cons. · US GAAP
FYE Mar 2020	19,899	−0.0%	Cons. · US GAAP
FYE Mar 2021	22,521	moved to IFRS	Cons. · IFRS
FYE Mar 2022	25,337	+12.5%	Cons. · IFRS
FYE Mar 2023	27,413	+8.2%	Cons. · IFRS
FYE Mar 2024	33,203	+21.1%	Cons. · IFRS
FYE Mar 2025	34,971	+5.3%	Cons. · IFRS
FYE Mar 2026	38,818	+11.0%	Cons. · IFRS

Definition: The part of the funding that never has to be repaid
Formula: Net assets line of the balance sheet
Source: Securities report (XBRL)

Interest-bearing debt

FYE Mar 2026 ¥43.2tn

CAGR · 10 yrs +9.9%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	18,468	n/a	Cons. · US GAAP
FYE Mar 2018	19,044	+3.1%	Cons. · US GAAP
FYE Mar 2019	20,304	+6.6%	Cons. · US GAAP
FYE Mar 2020	21,341	+5.1%	Cons. · US GAAP
FYE Mar 2021	25,660	moved to IFRS	Cons. · IFRS
FYE Mar 2022	26,496	+3.3%	Cons. · IFRS
FYE Mar 2023	29,380	+10.9%	Cons. · IFRS
FYE Mar 2024	36,562	+24.4%	Cons. · IFRS
FYE Mar 2025	38,793	+6.1%	Cons. · IFRS
FYE Mar 2026	43,205	+11.4%	Cons. · IFRS

Definition: Borrowings the company pays interest on
Formula: Loans + bonds + lease obligations
Source: Securities report (XBRL)

Short-term borrowings

FYE Mar 2026 ¥17.6tn

CAGR · 10 yrs +8.5%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	8,449	n/a	Cons. · US GAAP
FYE Mar 2018	8,783	+4.0%	Cons. · US GAAP
FYE Mar 2019	9,425	+7.3%	Cons. · US GAAP
FYE Mar 2020	9,789	+3.9%	Cons. · US GAAP
FYE Mar 2021	12,212	moved to IFRS	Cons. · IFRS
FYE Mar 2022	11,188	−8.4%	Cons. · IFRS
FYE Mar 2023	12,306	+10.0%	Cons. · IFRS
FYE Mar 2024	15,406	+25.2%	Cons. · IFRS
FYE Mar 2025	15,830	+2.7%	Cons. · IFRS
FYE Mar 2026	17,581	+11.1%	Cons. · IFRS

Definition: Borrowings repayable within a year
Formula: Short-term borrowings line of the balance sheet
Source: Securities report (XBRL)

Long-term borrowings

FYE Mar 2026 ¥25.6tn

CAGR · 10 yrs +11.0%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	10,019	n/a	Cons. · US GAAP
FYE Mar 2018	10,262	+2.4%	Cons. · US GAAP
FYE Mar 2019	10,879	+6.0%	Cons. · US GAAP
FYE Mar 2020	11,100	+2.0%	Cons. · US GAAP
FYE Mar 2021	13,448	moved to IFRS	Cons. · IFRS
FYE Mar 2022	15,309	+13.8%	Cons. · IFRS
FYE Mar 2023	17,075	+11.5%	Cons. · IFRS
FYE Mar 2024	21,155	+23.9%	Cons. · IFRS
FYE Mar 2025	22,963	+8.5%	Cons. · IFRS
FYE Mar 2026	25,624	+11.6%	Cons. · IFRS

Definition: Borrowings repayable in more than a year
Formula: Long-term borrowings line of the balance sheet
Source: Securities report (XBRL)

Intangible assets

FYE Mar 2026 ¥1.39tn

CAGR · 7 yrs +5.7%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · US GAAP
FYE Mar 2018	n/a	n/a	Cons. · US GAAP
FYE Mar 2019	n/a	n/a	Cons. · US GAAP
FYE Mar 2020	1,000	n/a	Cons. · US GAAP
FYE Mar 2021	1,109	moved to IFRS	Cons. · IFRS
FYE Mar 2022	1,192	+7.5%	Cons. · IFRS
FYE Mar 2023	1,249	+4.8%	Cons. · IFRS
FYE Mar 2024	1,355	+8.5%	Cons. · IFRS
FYE Mar 2025	1,363	+0.6%	Cons. · IFRS
FYE Mar 2026	1,393	+2.2%	Cons. · IFRS

Definition: Assets with no physical form
Formula: Intangible assets line of the balance sheet
Source: Securities report (XBRL)

Equity ratio

FYE Mar 2026 36.8%

Average · 10 yrs 36.9%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	35.9	n/a	Cons. · US GAAP
FYE Mar 2018	37.2	+1.3pp	Cons. · US GAAP
FYE Mar 2019	37.3	−0.0pp	Cons. · US GAAP
FYE Mar 2020	36.9	−0.4pp	Cons. · US GAAP
FYE Mar 2021	36.2	moved to IFRS	Cons. · IFRS
FYE Mar 2022	37.4	+1.3pp	Cons. · IFRS
FYE Mar 2023	36.9	−0.5pp	Cons. · IFRS
FYE Mar 2024	36.8	−0.0pp	Cons. · IFRS
FYE Mar 2025	37.4	+0.5pp	Cons. · IFRS
FYE Mar 2026	36.8	−0.6pp	Cons. · IFRS

Definition: How much of the balance sheet is funded without debt
Formula: Equity ÷ total assets
Source: Securities report (XBRL)

Debt-to-equity ratio D/E ratio

FYE Mar 2026 111.3%

Average · 10 yrs 107.4%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	105.4	n/a	Cons. · US GAAP
FYE Mar 2018	101.6	−3.8pp	Cons. · US GAAP
FYE Mar 2019	102.0	+0.3pp	Cons. · US GAAP
FYE Mar 2020	107.2	+5.3pp	Cons. · US GAAP
FYE Mar 2021	113.9	moved to IFRS	Cons. · IFRS
FYE Mar 2022	104.6	−9.4pp	Cons. · IFRS
FYE Mar 2023	107.2	+2.6pp	Cons. · IFRS
FYE Mar 2024	110.1	+2.9pp	Cons. · IFRS
FYE Mar 2025	110.9	+0.8pp	Cons. · IFRS
FYE Mar 2026	111.3	+0.4pp	Cons. · IFRS

Definition: Borrowings measured against the company's own capital
Formula: Interest-bearing debt ÷ equity
Source: Securities report (XBRL)

ROE return on equity

FYE Mar 2026 9.9%

Average · 10 yrs 11.2%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	10.5	n/a	Cons. · US GAAP
FYE Mar 2018	13.3	+2.9pp	Cons. · US GAAP
FYE Mar 2019	9.5	−3.9pp	Cons. · US GAAP
FYE Mar 2020	10.2	+0.8pp	Cons. · US GAAP
FYE Mar 2021	10.0	moved to IFRS	Cons. · IFRS
FYE Mar 2022	11.2	+1.3pp	Cons. · IFRS
FYE Mar 2023	8.9	−2.3pp	Cons. · IFRS
FYE Mar 2024	14.9	+6.0pp	Cons. · IFRS
FYE Mar 2025	13.6	−1.3pp	Cons. · IFRS
FYE Mar 2026	9.9	−3.7pp	Cons. · IFRS

Definition: What the shareholders' capital earns
Formula: Net profit ÷ equity
Source: Securities report (XBRL)

ROA return on assets

FYE Mar 2026 3.6%

Average · 10 yrs 4.1%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	3.8	n/a	Cons. · US GAAP
FYE Mar 2018	5.0	+1.2pp	Cons. · US GAAP
FYE Mar 2019	3.5	−1.4pp	Cons. · US GAAP
FYE Mar 2020	3.8	+0.2pp	Cons. · US GAAP
FYE Mar 2021	3.6	moved to IFRS	Cons. · IFRS
FYE Mar 2022	4.2	+0.6pp	Cons. · IFRS
FYE Mar 2023	3.3	−0.9pp	Cons. · IFRS
FYE Mar 2024	5.5	+2.2pp	Cons. · IFRS
FYE Mar 2025	5.1	−0.4pp	Cons. · IFRS
FYE Mar 2026	3.6	−1.4pp	Cons. · IFRS

Definition: What the whole balance sheet earns
Formula: Net profit ÷ total assets
Source: Securities report (XBRL)

Asset turnover

FYE Mar 2026 0.48×

CAGR · 10 yrs −1.8%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.57	n/a	Cons. · US GAAP
FYE Mar 2018	0.58	+3.2%	Cons. · US GAAP
FYE Mar 2019	0.57	−3.1%	Cons. · US GAAP
FYE Mar 2020	0.55	−2.0%	Cons. · US GAAP
FYE Mar 2021	0.44	moved to IFRS	Cons. · IFRS
FYE Mar 2022	0.46	+6.1%	Cons. · IFRS
FYE Mar 2023	0.50	+7.9%	Cons. · IFRS
FYE Mar 2024	0.50	+0.1%	Cons. · IFRS
FYE Mar 2025	0.51	+2.6%	Cons. · IFRS
FYE Mar 2026	0.48	−6.4%	Cons. · IFRS

Definition: How much revenue each yen of assets produces
Formula: Revenue ÷ total assets
Source: Securities report (XBRL)

Cash flow statement Cash from operations, investment and financing, and what is left on hand

The three cash flows

¥ bn

Operating CF Investing CF Financing CF

Cash against debt

¥ bn

Cash and equivalents Interest-bearing debt Net cash

Operating cash flow

FYE Mar 2026 ¥5.47tn

CAGR · 10 yrs +4.9%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	3,568	n/a	Cons. · US GAAP
FYE Mar 2018	4,223	+18.3%	Cons. · US GAAP
FYE Mar 2019	3,767	−10.8%	Cons. · US GAAP
FYE Mar 2020	2,398	−36.3%	Cons. · US GAAP
FYE Mar 2021	2,727	moved to IFRS	Cons. · IFRS
FYE Mar 2022	3,723	+36.5%	Cons. · IFRS
FYE Mar 2023	2,955	−20.6%	Cons. · IFRS
FYE Mar 2024	4,206	+42.3%	Cons. · IFRS
FYE Mar 2025	3,697	−12.1%	Cons. · IFRS
FYE Mar 2026	5,473	+48.0%	Cons. · IFRS

Definition: Cash the business itself generated
Formula: Cash flow from operating activities
Source: Securities report (XBRL)

Investing cash flow

FYE Mar 2026 -¥1.52tn

Average · 10 yrs -¥2.90tn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-2,970	n/a	Cons. · US GAAP
FYE Mar 2018	-3,660	n/a	Cons. · US GAAP
FYE Mar 2019	-2,697	n/a	Cons. · US GAAP
FYE Mar 2020	-2,125	n/a	Cons. · US GAAP
FYE Mar 2021	-4,684	moved to IFRS	Cons. · IFRS
FYE Mar 2022	-577	n/a	Cons. · IFRS
FYE Mar 2023	-1,599	n/a	Cons. · IFRS
FYE Mar 2024	-4,999	n/a	Cons. · IFRS
FYE Mar 2025	-4,190	n/a	Cons. · IFRS
FYE Mar 2026	-1,520	n/a	Cons. · IFRS

Definition: Cash spent on, or released by, investment
Formula: Cash flow from investing activities
Source: Securities report (XBRL)

Financing cash flow

FYE Mar 2026 -¥537bn

Average · 10 yrs ¥137bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-375	n/a	Cons. · US GAAP
FYE Mar 2018	-449	n/a	Cons. · US GAAP
FYE Mar 2019	-541	n/a	Cons. · US GAAP
FYE Mar 2020	363	n/a	Cons. · US GAAP
FYE Mar 2021	2,739	moved to IFRS	Cons. · IFRS
FYE Mar 2022	-2,467	−190.0%	Cons. · IFRS
FYE Mar 2023	-56.2	n/a	Cons. · IFRS
FYE Mar 2024	2,498	n/a	Cons. · IFRS
FYE Mar 2025	197	−92.1%	Cons. · IFRS
FYE Mar 2026	-537	−372.1%	Cons. · IFRS

Definition: Cash raised from, or returned to, lenders and shareholders
Formula: Cash flow from financing activities
Source: Securities report (XBRL)

Cash and equivalents

FYE Mar 2026 ¥12.7tn

CAGR · 10 yrs +17.4%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	2,995	n/a	Cons. · US GAAP
FYE Mar 2018	3,052	+1.9%	Cons. · US GAAP
FYE Mar 2019	3,575	+17.1%	Cons. · US GAAP
FYE Mar 2020	4,191	+17.2%	Cons. · US GAAP
FYE Mar 2021	5,101	moved to IFRS	Cons. · IFRS
FYE Mar 2022	6,114	+19.9%	Cons. · IFRS
FYE Mar 2023	7,517	+23.0%	Cons. · IFRS
FYE Mar 2024	9,412	+25.2%	Cons. · IFRS
FYE Mar 2025	8,982	−4.6%	Cons. · IFRS
FYE Mar 2026	12,660	+40.9%	Cons. · IFRS

Definition: Cash on hand at the year end
Formula: Closing balance in the cash flow statement
Source: Securities report (XBRL)

Free cash flow

FYE Mar 2026 ¥3.95tn

CAGR · 10 yrs +23.3%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	599	n/a	Cons. · US GAAP
FYE Mar 2018	563	−5.9%	Cons. · US GAAP
FYE Mar 2019	1,069	+89.9%	Cons. · US GAAP
FYE Mar 2020	274	−74.4%	Cons. · US GAAP
FYE Mar 2021	-1,957	moved to IFRS	Cons. · IFRS
FYE Mar 2022	3,145	n/a	Cons. · IFRS
FYE Mar 2023	1,356	−56.9%	Cons. · IFRS
FYE Mar 2024	-792	−158.4%	Cons. · IFRS
FYE Mar 2025	-493	n/a	Cons. · IFRS
FYE Mar 2026	3,953	n/a	Cons. · IFRS

Definition: What is left once the business has paid for its own investment
Formula: Operating cash flow + investing cash flow
Source: Securities report (XBRL)

Operating cash flow margin

FYE Mar 2026 10.8%

Average · 10 yrs 10.5%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	12.9	n/a	Cons. · US GAAP
FYE Mar 2018	14.4	+1.4pp	Cons. · US GAAP
FYE Mar 2019	12.5	−1.9pp	Cons. · US GAAP
FYE Mar 2020	8.0	−4.4pp	Cons. · US GAAP
FYE Mar 2021	10.0	moved to IFRS	Cons. · IFRS
FYE Mar 2022	11.9	+1.8pp	Cons. · IFRS
FYE Mar 2023	8.0	−3.9pp	Cons. · IFRS
FYE Mar 2024	9.3	+1.4pp	Cons. · IFRS
FYE Mar 2025	7.7	−1.6pp	Cons. · IFRS
FYE Mar 2026	10.8	+3.1pp	Cons. · IFRS

Definition: How much of the revenue turned into cash
Formula: Operating cash flow ÷ revenue
Source: Securities report (XBRL)

Net cash

FYE Mar 2026 -¥30.5tn

Average · 10 yrs -¥21.6tn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-15,473	n/a	Cons. · US GAAP
FYE Mar 2018	-15,992	n/a	Cons. · US GAAP
FYE Mar 2019	-16,729	n/a	Cons. · US GAAP
FYE Mar 2020	-17,150	n/a	Cons. · US GAAP
FYE Mar 2021	-20,559	moved to IFRS	Cons. · IFRS
FYE Mar 2022	-20,383	n/a	Cons. · IFRS
FYE Mar 2023	-21,863	n/a	Cons. · IFRS
FYE Mar 2024	-27,150	n/a	Cons. · IFRS
FYE Mar 2025	-29,810	n/a	Cons. · IFRS
FYE Mar 2026	-30,546	n/a	Cons. · IFRS

Definition: Cash on hand once the borrowings are paid off
Formula: Cash and equivalents − interest-bearing debt
Source: Securities report (XBRL)

Shares and share price Shares outstanding, price, market capitalisation and the valuation multiples

Market capitalisation

FYE Mar 2026 ¥49.9tn

Change · 10 yrs +¥30.1tn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	19,756	n/a
FYE Mar 2018	22,254	n/a
FYE Mar 2019	21,227	n/a
FYE Mar 2020	21,126	n/a
FYE Mar 2021	28,045	n/a
FYE Mar 2022	36,162	n/a
FYE Mar 2023	30,745	n/a
FYE Mar 2024	62,091	n/a
FYE Mar 2025	41,458	n/a
FYE Mar 2026	49,899	n/a

Definition: What the market says the company is worth
Formula: Year-end share price × shares outstanding
Source: Securities report (XBRL)

Share price year-end close

FYE Mar 2026 3,159¥

Change · 10 yrs −2,896¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	6,055	n/a
FYE Mar 2018	6,820	n/a
FYE Mar 2019	6,506	n/a
FYE Mar 2020	6,474	n/a
FYE Mar 2021	8,595	n/a
FYE Mar 2022	2,216	n/a
FYE Mar 2023	1,884	n/a
FYE Mar 2024	3,806	n/a
FYE Mar 2025	2,625	n/a
FYE Mar 2026	3,159	n/a

Definition: The closing price on the last day of the fiscal year
Formula: Year-end closing price
Source: Securities report (XBRL)

Shares outstanding

FYE Mar 2026 15,794,987,000shares

Change · 10 yrs +12,531,990,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	3,262,997,000	Parent
FYE Mar 2018	3,262,997,000	Parent
FYE Mar 2019	3,262,997,000	Parent
FYE Mar 2020	3,262,997,000	Parent
FYE Mar 2021	3,262,997,000	Parent
FYE Mar 2022	16,314,987,000	Parent
FYE Mar 2023	16,314,987,000	Parent
FYE Mar 2024	16,314,987,000	Parent
FYE Mar 2025	15,794,987,000	Parent
FYE Mar 2026	15,794,987,000	Parent

Definition: How many shares exist
Formula: Shares issued, from the key figures of the filing
Source: Securities report (XBRL)

EPS earnings per share

FYE Mar 2026 295.25¥

Change · 10 yrs −310.22¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	605.47	Cons.
FYE Mar 2018	168.40	Cons.
FYE Mar 2019	130.11	Cons.
FYE Mar 2020	145.49	Cons.
FYE Mar 2021	160.65	Cons.
FYE Mar 2022	205.23	Cons.
FYE Mar 2023	179.47	Cons.
FYE Mar 2024	365.94	Cons.
FYE Mar 2025	359.56	Cons.
FYE Mar 2026	295.25	Cons.

Definition: Net profit for each share
Formula: Net profit ÷ average shares outstanding
Source: Securities report (XBRL)

BPS book value per share

FYE Mar 2026 2,457.59¥

Change · 10 yrs −2,910.11¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	5,367.71	Cons. · US GAAP
FYE Mar 2018	5,741.96	Cons. · US GAAP
FYE Mar 2019	6,100.86	Cons. · US GAAP
FYE Mar 2020	6,098.31	Cons. · US GAAP
FYE Mar 2021	6,901.87	Cons. · IFRS
FYE Mar 2022	1,553.00	Cons. · IFRS
FYE Mar 2023	1,680.25	Cons. · IFRS
FYE Mar 2024	2,035.10	Cons. · IFRS
FYE Mar 2025	2,214.04	Cons. · IFRS
FYE Mar 2026	2,457.59	Cons. · IFRS

Definition: Equity behind each share
Formula: Equity ÷ shares outstanding
Source: Securities report (XBRL)

PER price-to-earnings ratio

FYE Mar 2026 10.70×

Average · 10 yrs 9.74×

Fiscal year	PER ×	Basis
FYE Mar 2017	10.00	Cons.
FYE Mar 2018	8.10	Cons.
FYE Mar 2019	10.00	Cons.
FYE Mar 2020	8.90	Cons.
FYE Mar 2021	10.70	Cons.
FYE Mar 2022	10.80	Cons.
FYE Mar 2023	10.50	Cons.
FYE Mar 2024	10.40	Cons.
FYE Mar 2025	7.30	Cons.
FYE Mar 2026	10.70	Cons.

Definition: How many years of earnings the price stands for
Formula: Year-end price ÷ EPS
Source: Securities report (XBRL)

PBR price-to-book ratio

FYE Mar 2026 1.03×

Average · 10 yrs 1.05×

Fiscal year	PBR ×	Basis
FYE Mar 2017	1.03	Cons.
FYE Mar 2018	1.06	Cons.
FYE Mar 2019	0.93	Cons.
FYE Mar 2020	0.87	Cons.
FYE Mar 2021	1.03	Cons.
FYE Mar 2022	1.16	Cons.
FYE Mar 2023	0.90	Cons.
FYE Mar 2024	1.50	Cons.
FYE Mar 2025	0.95	Cons.
FYE Mar 2026	1.03	Cons.

Definition: The price measured against the book value behind it
Formula: Year-end price ÷ BPS
Source: Securities report (XBRL)

Workforce and productivity Headcount, pay and what each employee accounts for

Group employees

FYE Mar 2026 390,927people

Change · 10 yrs +26,482 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	364,445	n/a	Cons.
FYE Mar 2018	369,124	+1.3%	Cons.
FYE Mar 2019	370,870	+0.5%	Cons.
FYE Mar 2020	359,542	−3.1%	Cons.
FYE Mar 2021	366,283	+1.9%	Cons.
FYE Mar 2022	372,817	+1.8%	Cons.
FYE Mar 2023	375,235	+0.6%	Cons.
FYE Mar 2024	380,793	+1.5%	Cons.
FYE Mar 2025	383,853	+0.8%	Cons.
FYE Mar 2026	390,927	+1.8%	Cons.

Definition: Everyone employed across the group
Formula: Consolidated headcount, from the employee section of the filing
Source: Securities report (XBRL)

Parent-company employees

FYE Mar 2026 73,133people

Change · 10 yrs −742 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	73,875	n/a	Parent
FYE Mar 2018	74,890	+1.4%	Parent
FYE Mar 2019	74,515	−0.5%	Parent
FYE Mar 2020	74,132	−0.5%	Parent
FYE Mar 2021	71,373	−3.7%	Parent
FYE Mar 2022	70,710	−0.9%	Parent
FYE Mar 2023	70,056	−0.9%	Parent
FYE Mar 2024	70,224	+0.2%	Parent
FYE Mar 2025	71,515	+1.8%	Parent
FYE Mar 2026	73,133	+2.3%	Parent

Definition: Employees of the filing company itself
Formula: Parent-only headcount, from the employee section of the filing
Source: Securities report (XBRL)

Average annual pay parent company

FYE Mar 2026 ¥10.1m

Change · 10 yrs +¥1.5m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Mar 2017	8.5	n/a	Parent
FYE Mar 2018	8.3	−2.4%	Parent
FYE Mar 2019	8.5	+2.4%	Parent
FYE Mar 2020	8.7	+1.7%	Parent
FYE Mar 2021	8.6	−0.9%	Parent
FYE Mar 2022	8.6	−0.1%	Parent
FYE Mar 2023	9.0	+4.5%	Parent
FYE Mar 2024	9.0	+0.5%	Parent
FYE Mar 2025	9.8	+9.2%	Parent
FYE Mar 2026	10.1	+2.4%	Parent

Definition: Average total annual compensation, bonuses included
Formula: Average annual pay, from the employee section of the filing
Source: Securities report (XBRL)

Average age

FYE Mar 2026 40.5years

Change · 8 yrs +1.1 years

Fiscal year	Average age years	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	39.4	n/a	Parent
FYE Mar 2020	39.6	+0.5%	Parent
FYE Mar 2021	40.0	+1.0%	Parent
FYE Mar 2022	40.4	+1.0%	Parent
FYE Mar 2023	40.6	+0.5%	Parent
FYE Mar 2024	40.6	−0.0%	Parent
FYE Mar 2025	40.7	+0.2%	Parent
FYE Mar 2026	40.5	−0.5%	Parent

Definition: Average age of the parent company's employees
Formula: Average age, from the employee section of the filing
Source: Securities report (XBRL)

Average length of service

FYE Mar 2026 15.1years

Change · 10 yrs −0.3 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	15.4	n/a	Parent
FYE Mar 2018	15.5	+0.6%	Parent
FYE Mar 2019	15.7	+1.3%	Parent
FYE Mar 2020	15.8	+0.6%	Parent
FYE Mar 2021	16.2	+2.5%	Parent
FYE Mar 2022	16.4	+1.2%	Parent
FYE Mar 2023	16.2	−1.2%	Parent
FYE Mar 2024	16.0	−1.2%	Parent
FYE Mar 2025	15.6	−2.5%	Parent
FYE Mar 2026	15.1	−3.2%	Parent

Definition: How long the average employee has been with the company
Formula: Average years of service, from the employee section of the filing
Source: Securities report (XBRL)

Temporary employees

FYE Mar 2026 99,032people

Change · 10 yrs +13,027 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	86,005	n/a	n/a
FYE Mar 2018	84,731	−1.5%	n/a
FYE Mar 2019	87,129	+2.8%	n/a
FYE Mar 2020	86,219	−1.0%	n/a
FYE Mar 2021	80,009	−7.2%	n/a
FYE Mar 2022	87,120	+8.9%	n/a
FYE Mar 2023	94,974	+9.0%	n/a
FYE Mar 2024	96,482	+1.6%	n/a
FYE Mar 2025	95,530	−1.0%	n/a
FYE Mar 2026	99,032	+3.7%	n/a

Definition: Average number of temporary and part-time staff over the year
Formula: Average temporary headcount, from the employee section of the filing
Source: Securities report (XBRL)

Revenue per employee

FYE Mar 2026 ¥130m

Change · 10 yrs +¥53.9m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	75.7	n/a	Cons.
FYE Mar 2018	79.6	+5.1%	Cons.
FYE Mar 2019	81.5	+2.4%	Cons.
FYE Mar 2020	83.2	+2.1%	Cons.
FYE Mar 2021	74.3	n/a	Cons.
FYE Mar 2022	84.2	+13.3%	Cons.
FYE Mar 2023	99.0	+17.6%	Cons.
FYE Mar 2024	118	+19.6%	Cons.
FYE Mar 2025	125	+5.7%	Cons.
FYE Mar 2026	130	+3.6%	Cons.

Definition: What each employee accounts for in revenue
Formula: Revenue ÷ group employees
Source: Securities report (XBRL)

Operating profit per employee

FYE Mar 2026 ¥9.6m

Change · 10 yrs +¥3.6m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	6.0	n/a	Cons.
FYE Mar 2018	7.1	+17.9%	Cons.
FYE Mar 2019	6.2	−13.2%	Cons.
FYE Mar 2020	7.1	+15.3%	Cons.
FYE Mar 2021	6.0	n/a	Cons.
FYE Mar 2022	8.0	+33.9%	Cons.
FYE Mar 2023	7.3	−9.6%	Cons.
FYE Mar 2024	14.1	+93.6%	Cons.
FYE Mar 2025	12.5	−11.1%	Cons.
FYE Mar 2026	9.6	−22.9%	Cons.

Definition: What each employee accounts for in operating profit
Formula: Operating profit ÷ group employees
Source: Securities report (XBRL)

Disclaimer

Figures are reproduced as filed and are not restated: a change of accounting standard or of consolidation basis moves the series without anything happening to the business. Where that happened, the table says so in place of the year-on-year figure.
Ratios and per-employee figures are computed from the filed lines rather than taken from the filing, and use year-end balances rather than averages.

Accuracy, liability, reuse and privacy — the full disclaimer →

Data API

Toyota Motor’s history, presidents and financials are published as static JSON — no key, plain GET. One API per public page, and one per section where a page carries several tables. Full specification →

/api/7203/company.json ·/api/7203/history.json ·/api/7203/ceo.json ·/api/7203/financials.json ·/api/7203/financials/segment.json ·/api/7203/financials/pl.json ·/api/7203/financials/cf.json ·/api/7203/financials/bs.json ·/api/7203/financials/employee.json ·/api/7203/financials/stock.json ·/api/7203/financials.csv ·/api/7203/financials_history.csv

/api/companies.json ·/api/decisions.json ·/api/api-manifest.json