Interim Results - Part 2

Toyota Motor Corporation 05 November 2003 FY2004 Semi-Annual Consolidated Financial Results (April 1, 2003 through September 30, 2003) (All financial information has been prepared in accordance with accounting principles generally accepted in the United States of America) English translation from the original Japanese-language document November 5, 2003 Company name : Toyota Motor Corporation Stock exchanges on which the shares are listed : Tokyo, Nagoya, Osaka, Fukuoka and Sapporo Stock Exchanges in Japan Code number : 7203 Location of the head office : Aichi Prefecture URL : http://www.toyota.co.jp Representative : Fujio Cho, President Contact person : Takahiko Ijichi, General Manager, Accounting Division Tel. (0565) 28-2121 Date of the meeting of the Board of Directors : Wednesday, November 5, 2003 for FY2004 semi-annual financial results Whether or not to be prepared in accordance : Yes with accounting principles generally accepted in the United States of America Results of FY2004 Semi-Annual (April 1, 2003 through September 30, 2003) (1) Consolidated financial results (Amounts are rounded to the nearest million yen.) Net revenues Operating income Income before income taxes, minority interest and equity in earnings of affiliated companies Million yen % Million yen % Million yen % FY2004 semi-annual 8,224,241 <8.0> 767,769 <12.1> 812,013 <13.7> FY2003 semi-annual 7,613,422 <15.0> 685,023 <34.8> 714,461 <74.7> FY2003 15,501,553 1,271,646 1,226,652 Net income Net income per share Net income per share - basic - diluted Million yen % Yen Yen FY2004 semi-annual 524,460 <23.2> 153.36 153.35 FY2003 semi-annual 425,800 <86.3> 118.44 118.44 FY2003 750,942 211.32 211.32 Note 1: Equity in earnings of affiliated companies: FY2004 semi-annual 40,993 million yen, FY2003 semi-annual 17,787 million yen, FY2003 52,835 million yen. Note 2: Average number of shares issued and outstanding in each period (consolidated): FY2004 semi-annual 3,419,900,609 shares, FY2003 semi-annual 3,595,184,689 shares, FY2003 3,553,602,083 shares. Note 3: Regarding net revenues, operating income, income before income taxes, minority interest and equity in earnings of affiliated companies and net income, the figures in parentheses show percentage of changes from the corresponding period of the preceding year. (2) Consolidated financial position Total assets Shareholders' equity Ratio of Shareholders' equity shareholders' equity per share Million yen Million yen % Yen FY2004 semi-annual 20,777,120 7,572,474 36.4 2,228.52 FY2003 semi-annual 19,524,527 7,384,492 37.8 2,080.71 FY2003 20,152,974 7,121,000 35.3 2,063.43 Note: Number of shares issued and outstanding at the end of each period (consolidated): FY2004 semi-annual 3,397,982,312 shares, FY2003 semi-annual 3,547,982,895 shares, FY2003 3,451,056,696 shares. (3) Consolidated cash flows From operating From investing From financing Cash and cash activities activities activities equivalents at the end of the period Million yen Million yen Million yen Million yen FY2004 semi-annual 1,112,924 (1,472,104) 48,399 1,243,211 FY2003 semi-annual 1,110,938 (1,139,049) 281,637 1,870,153 FY2003 2,085,047 (2,146,407) 37,675 1,592,028 FY2004 Semi-Annual Consolidated Financial Results (April 1, 2003 through September 30, 2003) (All financial information has been prepared in accordance with accounting principles generally accepted in the United States of America) English translation from the original Japanese-language document (4) Scope of consolidation and equity method Number of consolidated subsidiaries 561 companies Number of affiliated companies 227 companies Number of affiliated companies accounted for under the 54 companies equity method (5) Changes in scope of consolidation and equity method Consolidated subsidiaries (increase) 68 companies Toyota Auto Body Co., Ltd., Kanto Auto Works, Ltd., P.T.Toyota Motor Manufacturing Indonesia, etc. (decrease) 7 companies T&K Autoparts Sdn. Bhd., etc. Affiliated companies accounted for under the equity method (increase) 1 company P.T. Toyota-Astra Motor (decrease) 5 companies Toyota Auto Body Co., Ltd., Kanto Auto Works, Ltd., P.T.Toyota Motor Manufacturing Indonesia, etc. Note: Effective from FY2004, Toyota prepares its consolidated financial statements in accordance with accounting principles generally accepted in the United States of America. The consolidated financial statements for FY2003 semi-annual and FY2003 have also been prepared in accordance with accounting principles generally accepted in the United States of America. FY2004 Semi-Annual Unconsolidated Financial Results (April 1, 2003 through September 30, 2003) (All financial information has been prepared in accordance with accounting principles generally accepted in Japan) English translation from the original Japanese-language document November 5, 2003 Company name : Toyota Motor Corporation Stock exchanges on which the shares are listed : Tokyo, Nagoya, Osaka, Fukuoka and Sapporo Stock Exchanges in Japan Code number : 7203 Location of the head office : Aichi Prefecture URL : http://www.toyota.co.jp Representative : Fujio Cho, President Contact person : Takahiko Ijichi, General Manager, Accounting Division Tel. (0565) 28-2121 Date of the meeting of the Board of Directors for : Wednesday, November 5, 2003 FY2004 semi-annual financial results Provision for interim cash dividends : Provision exists. Date of actual payment of interim cash dividends : Wednesday, November 26, 2003 Number of shares in unit share system : 100 shares 1. Results of FY2004 Semi-Annual (April 1, 2003 through September 30, 2003) (1) Unconsolidated financial results (Amounts less than one million yen are omitted.) Net sales Operating income Ordinary income Million yen % Million yen % Million yen % FY2004 semi-annual 4,302,173 (2.3) 459,184 (-2.6) 510,589 (6.0) FY2003 semi-annual 4,204,777 (4.8) 471,339 (33.1) 481,750 (38.8) FY2003 8,739,310 861,323 892,676 Net income Net income per share Million yen % Yen FY2004 semi-annual 338,052 (-11.6) 98.52 FY2003 semi-annual 382,218 (87.7) 106.27 FY2003 634,059 178.12 Note 1: Average number of shares issued and outstanding in each period: FY2004 semi-annual 3,431,131,843 shares FY2003 semi-annual 3,596,551,840 shares FY2003 3,555,613,073 shares Note 2: Regarding net sales, operating income, ordinary income and net income, the figures in parentheses show percentage of changes from the previous semi-annual. (2) Cash dividends Interim cash dividends Annual cash dividends per share per share Yen FY2004 semi-annual 20.00 - FY2003 semi-annual 16.00 - Yen FY2003 36.00 (3) Unconsolidated financial position Total assets Shareholders' equity Ratio of Shareholders' equity shareholders' equity per share Million yen Million yen % Yen FY2004 semi-annual 8,666,210 5,973,575 68.9 1,757.32 FY2003 semi-annual 8,484,092 5,840,208 68.8 1,645.08 FY2003 8,592,823 5,703,321 66.4 1,652.15 Note 1: Number of shares issued and outstanding at the end of each period: FY2004 semi-annual 3,399,245,211 shares FY2003 semi-annual 3,550,090,510 shares FY2003 3,451,617,645 shares Note 2: Number of treasury stock at the end of each period: FY2004 semi-annual 210,752,281 shares FY2003 semi-annual 59,906,982 shares FY2003 158,379,847 shares FY2004 Semi-Annual Unconsolidated Financial Results (April 1, 2003 through September 30, 2003) (All financial information has been prepared in accordance with accounting principles generally accepted in Japan) English translation from the original Japanese-language document 2. Unconsolidated estimate of results of FY2004 (April 1, 2003 through March 31, 2004) Net sales Ordinary income Net income Million yen Million yen Million yen FY2004 8,700,000 800,000 510,000 Cautionary Statement with Respect to Forward-Looking Statements This report contains forward-looking statements that reflect Toyota's plans and expectations. These forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause Toyota's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements. These factors include: (i) changes in economic conditions affecting, 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 value of the Japanese yen, the U.S. dollar, the euro and the British pound; (iii) Toyota's ability to realize production efficiencies and to implement capital expenditures at the levels and times planned by management; (iv) changes in the laws, regulations and government policies affecting Toyota's automotive operations, particularly laws, regulations and policies relating to environmental protection, vehicle emissions, vehicle fuel economy and vehicle safety, as well as changes in laws, regulations and government policies affecting Toyota's other operations, including the outcome of future litigation and other legal proceedings; (v) political instability in the markets in which Toyota operates; (vi) Toyota's ability to timely develop and achieve market acceptance of new products; and (vii) fuel shortages or interruptions in transportation systems, labor strikes, work stoppages or other interruptions to, or difficulties in, the employment of labor in the major markets where Toyota purchases materials, components and supplies for the production of its products or where its products are produced, distributed or sold. A discussion of these and other factors which may affect Toyota's actual results, performance, achievements or financial position is contained in the 'Operating and Financial Review and Prospects' and 'Information on the Company' sections and elsewhere in Toyota's annual report on Form 20-F, which is on file with the United States Securities and Exchange Commission. Supplement November 5, 2003 Toyota Motor Corporation Comparison of Consolidated Financial Results for FY2003 Semi-Annual under Japanese and U.S. Accounting Standards FY2003 semi-annual (April 1, 2002 through September 30, 2002) (Billion yen) Differences (1) (2) (3) (4) Japanese Scope of Reporting Gains on Impairment Category standards consolidation category transfer of the on of equity in substitutional marketable Other U.S. earnings of portion of the securities standards affiliated employee companies pension fund Net 7,886.6 (205.3) - - - (67.9) 7,613.4 revenues Income before 980.0 (48.2) (51.6) (162.5) (23.9) 20.6 714.4 income taxes, minority interest (and equity in earnings of affiliated companies*) *Indicates the comparison between 'Income before income taxes and minority interest in consolidated subsidiaries' under Japanese GAAP and 'Income before income taxes, minority interest and equity in earnings of affiliated companies' under U.S. GAAP. (1) Scope of Consolidation The consolidation scope under the U.S. standards is determined based on the ownership of voting shares (more than 50%). Therefore, those companies that are consolidated according to the control basis under the Japanese standards are excluded from the scope of consolidation. (2) Reporting Category of Equity in Earnings of Affiliated Companies 'Equity in earnings of affiliated companies' reported as non-operating income under the Japanese standards is not included in 'income before income taxes, minority interest and equity in earnings of affiliated companies' under the U.S. standards, therefore the figure for this item has been reclassified. (3) Gains on Transfer of the Substitutional Portion of the Employee Pension Fund Under the U.S. standards, gains or losses on transfer of the substitutional portion of the employee pension fund are recognized at the time of the actual transfer, therefore 'gains on transfer of the substitutional portion of the employee pension fund,' recognized under the Japanese standards, is not recognized. (4) Impairment on Marketable Securities Losses from impairment on certain marketable securities whose acquisition costs under the U.S. standards exceed those under the Japanese standards are recognized. This information is provided by RNS The company news service from the London Stock Exchange

Companies

Toyota Motor Corp. (TYT)
UK 100
FTSE quotes by TradingView

Latest directors dealings

All directors dealings today