Toyota(US:TM)2025-11-05 11:02Financial Performance - Sales revenues for FY2026 first half reached 24,630.7 billion yen, an increase of 5.8% compared to FY2025 first half [17] - Operating income for FY2026 first half decreased to 2,005.6 billion yen, down 18.6% from FY2025 first half [17] - Net income attributable to Toyota Motor Corporation for FY2026 first half was 1,773.4 billion yen, a decrease of 7.0% compared to FY2025 first half [17] - Sales revenues for automotive operations increased by 1,008.3 billion yen, or 4.8%, to 22,100.5 billion yen in FY2026 first half [19] - Sales revenues for financial services operations increased by 287.3 billion yen, or 14.1%, to 2,330.3 billion yen in FY2026 first half [20] - The forecast for full-year sales revenues is 49,000,000 million yen, reflecting a 2.0% increase from FY2025 [7] - Earnings per share attributable to Toyota Motor Corporation for FY2026 is projected to be 224.81 yen, a decrease of 38.5% from FY2025 [7] - Total comprehensive income for the first half of FY2026 was ¥2,348,135 million, compared to ¥2,258,145 million in FY2025, indicating an increase of about 4.0% [40] - Net income attributable to Toyota Motor Corporation for the first half ended September 30, 2025, was 1,773.426 billion yen, with earnings per share of 136.07 yen [36] Sales and Production - Consolidated vehicle unit sales increased by 227 thousand units, or 5.0%, to 4,783 thousand units in FY2026 first half [16] - Sales revenues in North America increased by 943.1 billion yen, or 9.9%, to 10,468.5 billion yen in FY2026 first half compared to FY2025 first half, while operating income decreased to an operating loss of 67.8 billion yen [23] - Sales revenues in Europe increased by 257.3 billion yen, or 8.9%, to 3,146.5 billion yen in FY2026 first half compared to FY2025 first half, but operating income decreased by 15.2 billion yen, or 7.0%, to 200.7 billion yen [24] - Sales revenues in Asia decreased by 18.5 billion yen, or 0.4%, to 4,451.5 billion yen in FY2026 first half compared to FY2025 first half, with operating income decreasing by 46.1 billion yen, or 9.4%, to 444.2 billion yen [25] - Sales revenues in other regions increased by 206.7 billion yen, or 9.7%, to 2,327.2 billion yen in FY2026 first half compared to FY2025 first half, and operating income increased by 61.3 billion yen, or 43.6%, to 201.9 billion yen [26] - Vehicle production for the first half of FY2026 reached 4,403 thousand units, a slight increase from 4,403 thousand units in FY2025 [56] - Total vehicle sales for the first half of FY2026 were 4,556 thousand units, compared to 4,556 thousand units in FY2025, indicating stable performance [56] - North America vehicle sales in the first half of FY2026 were 1,348 thousand units, a decrease of 1.5% from 1,348 thousand units in FY2025 [56] - The company forecasts total retail unit sales of 11,300 thousand units for FY2026, up from 11,011 thousand units in FY2025, representing a growth of approximately 2.6% [56] Assets and Liabilities - Total assets increased by 3,973.5 billion yen, or 4.2%, to 97,574.8 billion yen at the end of FY2026 first half compared to the end of FY2025 [28] - Liabilities increased by 2,395.4 billion yen, or 4.2%, to 59,117.9 billion yen at the end of FY2026 first half compared to the end of FY2025 [28] - Shareholders' equity increased by 1,578.0 billion yen, or 4.3%, to 38,456.9 billion yen at the end of FY2026 first half compared to the end of FY2025 [28] - Total liquid assets increased to ¥17,709.5 billion by the end of FY2026 first half [58] - Shareholders' equity rose to ¥37,492.1 billion by the end of FY2026 first half [58] Cash Flow and Investments - Net cash flows from operating activities increased by 1,127.4 billion yen to 2,944.6 billion yen for FY2026 first half compared to FY2025 first half [29] - Net cash used in investing activities increased by 431.7 billion yen to 3,517.5 billion yen for FY2026 first half compared to FY2025 first half [30] - Cash flows from operating activities improved significantly, with net cash provided increasing to ¥2,944,609 million from ¥1,817,177 million, marking an increase of approximately 62.0% [42] - Cash and cash equivalents at the end of the period rose to ¥8,112,922 million, compared to ¥7,631,457 million at the end of the previous period, an increase of about 6.3% [42] Expenses and Forecasts - Operating income for the Automotive segment decreased to ¥1,485,476 million from ¥2,067,761 million, a decline of about 28.1% [48] - The total operating expenses for the Automotive segment increased to ¥20,615,083 million from ¥19,024,419 million, representing a rise of about 8.4% [48] - R&D expenses for the first half of FY2026 amounted to ¥639.5 billion, with a forecast of ¥1,420.0 billion for the full year [58] - Depreciation expenses for the first half of FY2026 totaled ¥687.7 billion, with a full-year forecast of ¥1,500.0 billion [58] - Capital expenditures in the first half of FY2026 reached ¥811.1 billion, with a projected total of ¥2,300.0 billion for the year [58] - The forecasted income before income taxes for FY2026 is ¥4,180.0 billion, reflecting a decrease from the previous year's forecast [57] Strategic Initiatives - The company aims to enhance market expansion strategies, focusing on increasing production capacity and improving supply chain efficiency [56] - New product development initiatives are underway, with a focus on electric vehicles and advanced technologies to meet evolving consumer demands [56] Shareholder Returns - The company paid dividends of ¥652,446 million to common shareholders, an increase from ¥606,338 million in the previous year, reflecting a growth of about 7.6% [42] - Cash dividends for FY2026 are projected to be ¥586.5 billion, with a cash dividend per share of ¥45 [57] - The company plans to repurchase shares worth ¥39.9 billion in FY2026, based on actual purchases [57] Employment - The number of employees increased to 389,144 by the end of FY2026, up from 384,158 in the previous year [57] Foreign Exchange and Other Income - The company reported a foreign exchange rate assumption of ¥146 to the US dollar for FY2026 [57] - Non-operating income for the first half of FY2026 was recorded at ¥682.3 billion [58] - The number of consolidated subsidiaries stood at 585 as of the end of FY2026 first half [58]