Annual Financial Report 2021 - Toyota Industries
2021 Annual Financial Report
For the Year Ended March 31, 2021
Financial Summary
P1
Management's Discussion and Analysis of Financial Condition and Results of Operations
P3
Consolidated Statement of Financial Position
P13
Consolidated Statement of Profit or Loss
P15
Consolidated Statement of Comprehensive Income P16
Consolidated Statement of Changes in Equity
P17
Consolidated Statement of Cash Flows
P19
Notes to Consolidated Financial Statements
P21
Report of Independent Auditors
End
TOYOTA INDUSTRIES CORPORATION
Financial Summary
Toyota Industries Corporation and its consolidated subsidiaries
< IFRS >
FY2017
FY2018
FY2019
FY2020
FY2021
Net sales (Millions of yen)
1,675,148 2,003,973 2,214,946 2,171,355 2,118,302
Operating profit (Millions of yen)
127,345
147,445
134,684
128,233
118,159
Profit (Millions of yen)
Profit: attributable to owners of the parent (Millions of yen)
Comprehensive income (Millions of yen)
Share of equity attributable to owners of the parent (Millions of yen)
Total assets (Millions of yen)
Equity per share: attributable to owners of the parent (Yen) Earnings per sharebasic (Yen)
137,565 131,398 202,743 2,240,293 4,558,212 7,215.37
420.78
173,816 168,180 361,599 2,553,391 5,258,500 8,223.82
541.67
159,778 152,748 (16,789) 2,479,718 5,261,174 7,986.59
491.97
150,187 145,881
10,474 2,438,807 5,279,653
7,854.87 469.85
141,435 136,700 854,098 3,236,038 6,503,986 10,422.64
440.28
Earnings per sharediluted (Yen)
Ratio of equity attributable to owners of the parent to total assets (%)
Return on equity attributable to owners of the parent (%)
49.15 6.06
48.56 7.02
47.13 6.07
46.19 5.93
49.75 4.82
Price-to-earnings ratio (Times)
13.14
11.89
11.28
11.02
22.39
Net cash provided by operating activities (Millions of yen)
Net cash used in investing activities (Millions of yen)
Net cash provided by financing activities (Millions of yen)
Cash and cash equivalents at end of period (Millions of yen)
Number of employees [Average number of part-time employees, not included in number of employees above]
239,094 (86,925)
789 243,685
52,623 [10,995]
268,567 (340,324)
153,303 323,830
61,152 [11,705]
270,306 (395,000)
40,467 239,140
64,641 [12,625]
313,199 (182,598)
(7,094) 358,144
66,478 [12,788]
382,386 (404,164) (105,477)
238,248 66,947 [11,396]
(Notes) 1. Toyota Industries Corporation and its subsidiaries have adopted International Financial Reporting Standards ("IFRS") for the consolidated financial statements of the annual report.
2. Net sales do not include consumption taxes.
3. Amounts for diluted earnings per share are not presented because there are no shares with a potentially dilutive effect.
4. Number of employees is the number of workers (excluding people dispatched from the Group to outside the Group, but including people dispatched from outside the Group to the Group).
1
< Japanese GAAP >
FY2017
Net sales (Millions of yen)
2,250,466
Ordinary profit (Millions of yen)
Profit: attributable to owners of the parent (Millions of yen)
Comprehensive income (Millions of yen)
177,121 125,534 198,548
Total equity (Millions of yen)
2,256,271
Total assets (Millions of yen)
4,428,644
Equity per share (Yen) Earnings per sharebasic (Yen) Earnings per sharediluted (Yen)
6,995.47 402.00
Equity-to-total assets ratio (%)
49.04
Return on equity (%)
5.97
Price-to-earnings ratio (Times)
13.76
Net cash provided by operating activities (Millions of yen)
245,602
Net cash used in investing activities (Millions of yen)
Net cash provided by (used in) by financing activities (Millions of yen)
(82,509) (6,615)
Cash and cash equivalents at end of period (Millions of yen)
Number of employees [Average number of part-time employees, not included in number of employees above]
243,685
52,623 [10,995]
(Notes) 1. Amounts for FY2017 are unaudited financial information pursuant to the first paragraph of Article 193-2 of the Financial Instruments and Exchange Act.
2. Net sales do not include consumption taxes.
3. Amounts for diluted earnings per share are not presented because there are no shares with a potentially dilutive effect.
4. Number of employees is the number of workers (excluding people dispatched from the Group to outside the Group, but including people dispatched from outside the Group to the Group).
2
Management's Discussion and Analysis of Financial Condition and Results of Operations
The following Management's Discussion and Analysis of Financial Condition and Results of Operations is based on information known to management as of June 2021.
This section contains projections and forward-looking statements that involve risks, uncertainties and assumptions. You should be aware that certain risks and uncertainties could cause the actual results of Toyota Industries Corporation and its consolidated subsidiaries to differ materially from any projections or forward-looking statements. These risks and uncertainties include, but are not limited to, those listed under "Risk Information" and elsewhere in this annual report.
The fiscal year ended March 31, 2021 is referred to as FY2021 and other fiscal years are referred to in a corresponding manner. All references to the "Company" herein are to Toyota Industries Corporation on a stand-alone basis and references to "Toyota Industries" herein are to the Company and its 256 consolidated subsidiaries.
1. Result of Operations (1) Operating Performance
In FY2021 (ended March 31, 2021), the global economy declined sharply due to the spread of COVID-19. However, the economy has since bottomed out and begun to recover moderately thanks to factors such as the recuperating Chinese economy and underlying economic policies in respective countries. Although negatively affected by the declaration of a state of emergency, the Japanese economy is beginning to experience a moderate recovery as a result of growth in exports mainly to China and robust consumer spending. In this operating environment, Toyota Industries undertook efforts to ensure customer trust through a priority to quality as well as flexible response to market trends.
Total consolidated net sales amounted to 2,118.3 billion yen, a decrease of 53.0 billion yen, or 2%, from the previous fiscal year.
(2) Operating Performance Highlights by Business Segment Operating results by business segment are as follows. Net sales for each segment do not include inter-segment transactions.
(Automobile) The overall automobile market has shrunk despite recovery in the Chinese market. Amid such operating conditions, net sales of the Automobile Segment totaled 591.6 billion yen, a decrease of 22.2 billion yen, or 4%. Operating profit amounted to 4.7 billion yen, a decrease of 12.5 billion yen, or 72%, from the previous fiscal year.
Within this segment, net sales of the Vehicle Business amounted to 88.3 billion yen, a decrease of 1.6 billion yen, or 2%, owing to an increase in sales of RAV4 in Japan, offset by decrease internationally.
Net sales of the Engine Business totaled 139.9 billion yen, an increase of 1.4 billion yen, or 1%, due to an increase in sales of foundry products, offset by a decrease in sales of GD diesel engines and M20A gasoline engines.
Net sales of the Car Air-Conditioning Compressor Business totaled 301.6 billion yen, a decrease of 26.6 billion yen, or 8%, due primarily to a decrease of sales in North America and Europe.
Net sales of Electronics Parts and Others Business totaled 61.6 billion yen, an increase of 4.5 billion yen, or 8%, due to an increase in sales of on board chargers.
3
(Materials Handling Equipment) The materials handling equipment market recovered globally, led by China. Amid this operating climate, net sales of the Materials Handling Equipment Segment totaled 1,431.4 billion yen, on par with the previous fiscal year. Sales of lift trucks, a mainstay product of this segment, decreased primarily in Europe and North America despite an overall increase to the net sales of the logistics solutions business. Operating profit amounted to 109.9 billion yen, an increase of 7.7 billion yen, or 8%, from the previous fiscal year.
(Textile Machinery) The textile machinery market continued its general decline. Net sales of the Textile Machinery Segment totaled 40.8 billion yen, a decrease of 20.9 billion yen, or 34%, due mainly to a decrease in sales of weaving machinery and yarn quality measurement instruments. Operating loss amounted to 1.1 billion yen (operating profit of 2.9 billion yen in the previous fiscal year).
From FY2021, "the Electronics Parts, Foundry and Others Business" has been renamed as "the Electronics Parts and Others Business", while foundry products and others included in "the Electronics Parts, Foundry and Others Business" have been reclassified into "the Engine Business" and "the Car Air Conditioning Compressor Business". Figures for FY2020 have also been reclassified.
(3) Operating profit Operating profit for FY2021 was 118.1 billion yen, a decrease of 10.1 billion yen, or 8%, from the previous fiscal year. This was due mainly to a decrease in net sales and an increase in labor cost, partially offset by further advances in cost reduction efforts throughout the Toyota Industries Group.
(4) Profit before income taxes Profit before income taxes amounted to 184.0 billion yen, a decrease of 12.2 billion yen, or 6%, from the previous fiscal year.
(5) Profit attributable to owners of the parent Profit attributable to owners of the parent totaled 136.7 billion yen, a decrease of 9.1 billion yen, or 6%, from the previous fiscal year. Earnings per sharebasic was 440.28 yen compared with 469.85 yen in the previous fiscal year.
2. Consolidated Financial Condition Total assets amounted to 6,503.9 billion yen, an increase of 1,224.3 billion yen from the end of the previous fiscal year, due mainly to an increase in fair value of investment securities. Liabilities amounted to 3,181.4 billion yen, an increase of 422.3 billion yen from the end of the previous fiscal year. This was primarily because of an increase in deferred tax liabilities. Equity amounted to 3,322.5 billion yen, an increase of 802.0 billion yen from the end of the previous fiscal year.
4
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
- main fax memorandum
- oracle corporation
- annual financial report 2021 toyota industries
- 2020 annual report
- initial report report for the year telephone number gov
- microsoft 2001 online annual report
- microsoft corporation annual report 2005
- unisys corporation 2021 annual report
- microsoft 2010 citizenship report
- 1990 annual report
Related searches
- simple annual financial report template
- annual financial report excel template
- annual financial report sample
- annual financial report template free
- 2021 toyota rav4 hybrid release date
- when will 2021 toyota rav4 be available
- 2021 toyota rav4 hybrid xle
- comprehensive annual financial report example
- annual financial report template word
- 2021 toyota avalon limited
- 2021 toyota highlander release date
- when will 2021 toyota highlander be released