Toyota Motor Corp. · TSE:7203
Toyota Motor — Q2 FY2027 Earnings Presentation
39 slides from Toyota Motor's earnings presentation, Nov 5, 2026
Slide 1: FY2027 Second Quarter Financial Results
FY2027 Second Quarter Financial Results Toyota Motor Corporation November 5, 2026 LEXUS NX
Slide 2: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements and Caution Concerning Insider Trading This presentation contains forward-looking statements that reflect the plans and expectations of Toyota Motor Corporation and its consolidated subsidiaries (“Toyota”). These forward-looking stateme
Slide 3: FY2027 Second Quarter Results Summary
FY2027 Second Quarter Results Summary Despite a challenging competitive environment, continued improvement efforts led to a YoY increase in profit and an upward revision to the FY2027 forecast. Operating income 2.2 trillion yen (+0.2 trillion yen YoY) Actual - Mitigated the impact on earnings throug
Slide 4: FY2027 Second Quarter Financial Performance
FY2027 Second Quarter Financial Performance 4
Slide 5: Consolidated Vehicle Sales (FY2027 First Half)
Consolidated Vehicle Sales (FY2027 First Half) (thousands of vehicles) 5,000 4,783 * 4,758 99.5% Japan 970 1,024 105.6% 4,000 N. America Europe 3,000 1,533 1,530 99.8% Asia 2,000 573 589 102.8% Other Central and 1,000 853 857 100.5% South America, Oceania, Africa, 854 758 88.8% Middle East, etc. 0 2
Slide 6: Consolidated Financial Summary (FY2027 First Half)
Consolidated Financial Summary (FY2027 First Half) (billions of yen) 2025.4-9 2026.4-9 Change Sales Revenues 24,630.7 26,962.4 +2,331.7 Operating Income 2,005.6 2,191.1 +185.4 Margin 8.1% 8.1% Other Income 472.4 763.2 +290.8 Share of Profit (Loss) of Investments Accounted for Using the Equity Method
Slide 7: Analysis of Consolidated Operating Income (FY2027 First Half)
Analysis of Consolidated Operating Income (FY2027 First Half) (billions of yen) Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc.： -195.0 +685.0 -340.0 +165.0 -20.0 -304.6 2,005.6 Cost Marketing Increase or 2,191.1 Decrease in Other *4 Reduction Efforts *2
Slide 8: Geographic Operating Income (FY2027 First Half)
Geographic Operating Income (FY2027 First Half) Operating Income (billions of yen) (excluding Valuation Gains/Losses relating to Swaps, etc.) [ ] Margin Consolidated Vehicle Sales (thousands of vehicles) Japan N. America Europe Asia Other Incl. China (excl. investments accounted for using the equity
Slide 9: China Business / Financial Services (FY2027 First Half)
China Business / Financial Services (FY2027 First Half) (Ref.) China Business Financial Services Operating Income of Consolidated Subsidiaries (billions of yen) Operating Income (billions of yen) Share of Profit of Investments Accounted for Using the Equity ＊ Excluding Valuation Gains/Losses relatin
Slide 10: FY2027 Financial Forecasts
FY2027 Financial Forecasts 10
Slide 11: FY2027 Forecast: Consolidated Vehicle Sales
FY2027 Forecast: Consolidated Vehicle Sales (thousands of vehicles) 10,000 9,700 *1 9,700 *1 100.0% 9,595 *2 2,070 2,100 101.4% 2,082 Japan 8,000 N. America 6,000 3,020 3,000 99.3% 2,934 Europe Asia 4,000 1,220 1,220 100.0% 1,183 Other 2,000 1,780 1,740 97.8% 1,759 Central and South America, 1,610 1
Slide 12: FY2027 Forecast: Consolidated Financial Summary
FY2027 Forecast: Consolidated Financial Summary Previous Forecast New Forecast FY2026 Results (billions of yen) Change 2025.4-2026.3 2026.4-2027.3 2026.4-2027.3 Sales Revenues 54,000.0 53,500.0 -500.0 50,684.9 Operating Income 3,400.0 3,900.0 +500.0 3,766.2 Margin 6.3% 7.3% 7.4% Other Income 1,170.0
Slide 13: Analysis of FY2027 Forecast: Consolidated Operating Income
Analysis of FY2027 Forecast: Consolidated Operating Income (vs. FY2026 Results) (billions of yen) +735.0 +125.0 -326.2 3,766.2 -505.0 3,900.0 Increase or +1,085.0 Decrease in Other -980.0 Expenses and Middle Effects of Expense Reduction East Impact FOREX Efforts Rates Materials Improvement Prices Ef
Slide 14: Shareholder Return
Shareholder Return TOYOTA 14
Slide 15: Dividends and Dividend Forecast
Dividends and Dividend Forecast ■ Our dividend policy is to “increase dividends in a stable and continuous manner” to reward our long-term shareholders. ■ Interim: 50 yen (+5 yen YoY) ■ Full-year forecast: 100 yen (+5 yen YoY) 100［ Forecast ］+5 100 95 90 90 (yen) 80 75 50 Year-end Dividend 70 50 ［ F
Slide 16: Share Repurchases
Share Repurchases ◼ Share repurchase authorization ：Increase by 300 billion yen in response to shareholders’ requests to sell their shares (FY total：up to 1.3 trillion yen) ◼ Treasury stock cancellation : Additional 1 billion shares (FY total：1.2 billion shares, approximately 3.5 trillion yen in mar
Slide 17: Progress with Business Structure Reform
Progress with Business Structure Reform 17
Slide 18: Overview of Growth Strategy — Transformation into a Mobility Company
Overview of Growth Strategy — Transformation into a Mobility Company - Accelerate the growth of our new vehicle and value chain businesses with an unwavering commitment to our product-centered and region-centered management - Develop across new fields, including robotics, that utilize the strengths
Slide 19: New Vehicle Business — Enhancement of Earnings Power
New Vehicle Business — Enhancement of Earnings Power Produce well-made products and deliver quickly to meet the diverse needs of customers worldwide. Progress with Business Structure Reform Expansion of Global Sales Volume 1. Enhancing product value through the five-brand strategy Global sales volum
Slide 20: Strategy for Key Region — (1) North America
Strategy for Key Region — (1) North America Despite tariff-driven losses in North America, we aim to restore profitability by leveraging our strengths in products, sales, and production operations. Despite tariff-driven losses in North America, we aim to restore profitability by leveraging our stren
Slide 21: Strategy for Key Region — (2) China
Strategy for Key Region — (2) China Continuously introduce new Chinese-developed NEVs and launch response measures in 2027. Strong Performance Amid NEV Expansion Turning Lessons from China into New Challenges Return to Growth Trajectory Toyota’s Share of the Chinese Market Sales Volume and Powertrai
Slide 22: Strategy for Key Region — (3) Asia and Global South
Strategy for Key Region — (3) Asia and Global South Accelerating electrification and advancing “Mobility for All” with the new platform. Transforming into a Multi-Pathway Platform Sharing China’s Learnings Across Asia and the Global South - Covering the key A, B, and C segments with - Expanding the
Slide 23: Value Chain Businesses — Formula for Growth
Value Chain Businesses — Formula for Growth Building on our customer base that has grown worldwide, we will expand value chain profits in a stable manner to an annual level of 150 billion yen. Formula for Growth Value Chain Profit Expansion of Increase in Extension of owned vehicles retention rate r
Slide 24: A New Growth Pillar: Advanced and Emerging Technologies
A New Growth Pillar Seed stage Growth stage Mature stage Major Investment Targets *Figures in parentheses are committed amounts Advanced and Emerging Technologies Advanced and Emerging Technologies AI Robotics Toyota Invention Partners (100.0bn yen) Quantum Technologies Advanced Mirai Creation semic
Slide 25: Robotics Business — Toyota's Vision
Robotics Business — Toyota’s Vision Contributing to “Happiness for All” Through Robots That Stand by People and Grow with Them Development, Using robotics to expand human potential Deployment, by empowering “people to take action and embrace and Vision challenges for others” Factory Automation (FA)
Slide 26: Robotics Business — Toyota's Strengths in Commercialization
Robotics Business — Toyota’s Strengths in Commercialization Productivity that combines FA 1.0–3.0 × Provision of robotics solutions that enhance employee sense of purpose FA Areas FA 1.0 FA 2.0 FA 3.0 Automation centered on rule-based robots Synchronization and automation of production Human–robot c
Slide 27: Robotics Business — Pathway to Commercialization
Robotics Business — Pathway to Commercialization Launch of business centered on internal FA in accordance with demand by Toyota Motor Corporation, Toyota Group companies, and suppliers. Acceleration of business growth through provision of solutions in the manufacturing industry, other industries, an
Slide 28: Capital Strategies — ROE
Capital Strategies — ROE Transformation into a Mobility Company Transformation into a Mobility Company Realize sustainable growth while stringently balancing shareholders’ equity, resulting in enhanced ROE Improving capital efficiency New business areas Net Income New vehicles businesses Land, sea,
Slide 29: Capital Strategies — Capital Allocation
Capital Strategies — Capital Allocation Capital Allocation Capital Allocation Implement investments after securing cash reserves and ensuring financial soundness. Shareholder returns are based on stable and continuous increases in dividends, and surplus funds are utilized in the execution of flexibl
Slide 30: (Ref.) Analysis of FY2027 Forecast: Operating Income (vs. FY2026 Results)
(Ref.) Analysis of FY2027 Forecast: Consolidated Operating Income (vs. FY2026 Results) Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc： -275.0 (billions of yen) +735.0 -1,100.0 +125.0 -326.2 3,766.2 +700.0 3,900.0 Increase or Other *4 Effects of Decrease i
Slide 31: (Ref.) Analysis of FY2027 Forecast: Operating Income (vs. Previous Forecast)
(Ref.) Analysis of FY2027 Forecast: Consolidated Operating Income (vs. Previous Forecast) Excluding the overall impact of foreign exchange (billions of yen) rates and swap valuation gains/losses, etc： +510.0 +365.0 -30.0 3,900.0 3,400.0 +20.0 +5.0 +140.0 Other *4 Cost Marketing Increase or Effects o
Slide 32: (Ref.) Consolidated Vehicle Sales (3 months)
(Ref.) Consolidated Vehicle Sales (3 months) （thousands of vehicles） 2,500 2,372 * 2,364 99.7% Japan 2,000 488 500 102.3% N.America Europe 1,500 739 737 99.8% Asia Other 1,000 275 282 102.6% Central and 432 418 96.7% South America, 500 Oceania, Africa, 437 426 97.5% Middle East, etc. 0 2025.7-9 2026
Slide 33: (Ref.) Consolidated Financial Summary (3 months)
(Ref.) Consolidated Financial Summary (3 months) (billions of yen) 2025.7-9 2026.7-9 Change Sales Revenues 12,377.4 13,437.0 +1,059.6 Operating Income 839.5 1,127.6 +288.1 Margin 6.8% 8.4% Other Income 386.4 -137.1 -523.5 Share of Profit (Loss) of Investments Accounted for Using the Equity Method 13
Slide 34: (Ref.) Analysis of Consolidated Operating Income (3 months)
(Ref.) Analysis of Consolidated Operating Income (3 months) (billions of yen) Excluding the overall impact of foreign exchange rates and swap valuation gains/losses, etc.： +10.0 +340.0 -255.0 +170.0 -61.9 1,127.6 +95.0 Other *4 Increase or 839.5 Cost Marketing Decrease in Effects of Reduction Effort
Slide 35: (Ref.) Geographic Operating Income (3 months)
(Ref.) Geographic Operating Income (3 months) Operating Income (billions of yen) (excluding Valuation Gains/Losses relating to Swaps, etc.) [ ] Margin Consolidated Vehicle Sales (thousands of vehicles) Japan N.America Europe Asia Other Incl. China (excl. investments accounted for using the equity me
Slide 36: (Ref.) China Business / Financial Services (3 months)
(Ref.) China Business / Financial Services (3 months) (Ref.) China Business Financial Services Operating Income of Consolidated Subsidiaries (billions of yen) Operating Income (billions of yen) Share of Profit of Investments Accounted for Using the Equity ＊ Excluding Valuation Gains/Losses relating
Slide 37: (Ref.) Transition of Financial Performance
(Ref.) Transition of Financial Performance Consolidated Vehicle Sales Operating Income Net Income Attributable to (trillions of yen) Sales *1 (thousands of vehicles) Revenues (billions of yen) Toyota Motor Corporation 53.5 Operating Margin (%) 9,595 9,700 50.6 11.9 Net Margin (%) (billions of yen) 9
Slide 38: (Ref.) FY2027 Forecast: Vehicle Production and Retail Sales
(Ref.) FY2027 Forecast: Vehicle Production and Retail Sales (thousands of vehicles) Previous Forecast New Forecast FY2026 Results Change 2026.4-2027.3 2026.4-2027.3 2025.4-2026.3 Japan 3,450 3,400 -50 3,242 Vehicle *1 生産 Overseas Production 6,550 6,400 -150 6,651 Toyota & Lexus Total 10,000 9,800 -2
Slide 39: (Ref.) Definitions of Consolidated and Retail Vehicle Sales
(Ref.) Definitions of Consolidated and Retail Vehicle Sales * Toyota- and Lexus- brand vehicles Distributors or Dealers outside consolidation Number of vehicles produced for wholesale by Toyota’s Toyota and Lexus Vehicle Sales unconsolidated entities (e.g. joint ventures in China, etc.) Number of ve