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Toyota Motor Corp. (TM)

Toyota makes and sells cars, and lends money to the people who buy them. It began in 1933 as the automobile division of Toyota Industries, was incorporated separately in August 1937, and took its present form in 1982 when Toyota Motor Company and Toyota Motor Sales merged. It sold 9,595 thousand vehicles in fiscal 2026 on a consolidated basis, across approximately 200 countries and regions, with Japan, North America, Europe and Asia as its primary markets. At 31 March 2026 the group ran 602 consolidated subsidiaries and 159 associates and joint ventures accounted for by the equity method. Figures are stated in yen.

Toyota Motor Corp.

Toyota makes and sells cars, and lends money to the people who buy them. It began in 1933 as the automobile division of Toyota Industries, was incorporated separately in August 1937, and took its present form in 1982 when Toyota Motor Company and Toyota Motor Sales merged. It sold 9,595 thousand vehicles in fiscal 2026 on a consolidated basis, across approximately 200 countries and regions, with Japan, North America, Europe and Asia as its primary markets. At 31 March 2026 the group ran 602 consolidated subsidiaries and 159 associates and joint ventures accounted for by the equity method. Figures are stated in yen.

Three segments

Automotive covers the design, manufacture, assembly and sale of passenger vehicles, minivans and commercial vehicles such as trucks, along with parts and accessories. Automotive sales were ¥45,417.7 billion in fiscal 2026, against ¥43,199.8 billion and ¥41,266.2 billion in the two years before. Financial services is mainly lending to dealers and their customers for the purchase or lease of Toyota vehicles, and buying the retail instalment and lease contracts that Toyota dealers originate. All other operations holds the information technology businesses, among them a web portal for car information called GAZOO.com. Connected vehicles sit across the automotive side: the stated aim is for every vehicle to be connected, with the data from them used to build new mobility services.

Who builds what

Toyota Motor Corporation makes the main range. Daihatsu, its subsidiary, makes mini-vehicles and compact cars. Hino, which made commercial trucks and buses, ceased to be a consolidated subsidiary with effect from 1 April 2026. Toyota also makes parts, components and accessories for its own use and for sale to others. The line-up runs from subcompact and compact cars and mini-vehicles through mid-size, luxury, sports and specialty cars to recreational and sport-utility vehicles, pickups, minivans, trucks and buses, and it splits into electrified and conventional engine vehicles. Luxury cars go mainly under the Lexus name in North America, Europe, Japan and elsewhere.

Five brands

Century was announced as a new brand at the Japan Mobility Show in October 2025, joining Toyota, Lexus, Daihatsu and GR. The filing states the Century brand's goal is to share the pride of Japan with the world, and that its name reflects an aspiration to shape the next hundred years. A brand concept called TO YOU was introduced in 2025 to stand for the Toyota brand itself. The IMV Origin, shown at the same event, leaves the factory deliberately unfinished so that final assembly happens locally, which the filing says creates assembly jobs in the community and lets the vehicle be customised to local needs. The stated intent is that the group's brands take roles that are clearly defined and complementary, so the product range covers a wider set of customers.

How it is run

The philosophy is set out as a mission, Producing Happiness for All, and a vision, Creating Mobility for All. The Toyota Production System underpins the manufacturing. Management is described along two axes: product-centered management, which organises decisions around the vehicle, and region-centered management, which organises them around the market. Alongside those the filing describes continuous improvement in break-even volume, the level of output at which the business covers its costs.

The model line

New models named in the filing include the Alphard and Vellfire, launched in fiscal 2024 from a concept the company calls the joy of comfortable mobility, and a new addition to the Century series, a chauffeur-driven vehicle that has been sold for more than half a century and which the company describes as carrying Japanese aesthetics, quietness and hospitality into a next-generation car with a rebuilt rear seat. The filing states that Toyota plans to introduce new plug-in hybrid electric vehicles as part of its work towards carbon neutrality.

From Toyota's annual report on Form 20-F for the year ended 31 March 2026. The filing

Compare with another name

Toyota Motor Corp. files a 20-F with the SEC once a year, in yen. In the year to 31 March 2026 it reported revenue of JPY 50,685 billion ($336.8 billion at the year's average rate), up 5.5% on the year before. Its profit attributable to shareholders was JPY 3,848 billion, down 19.2%, and diluted earnings per share JPY 295.25.

Toyota Motor (TM) in brief

Toyota Motor (TM) reported revenue of JPY 50.68 trillion for the year to 31 March 2026, up 5.5% on the year before.
Read moreProfit attributable to shareholders was JPY 3.85 trillion and diluted earnings per share JPY 295.25. Revenue was JPY 48.04 trillion in the year to 31 March 2025, JPY 45.10 trillion in the year to 31 March 2024, JPY 37.15 trillion in the year to 31 March 2023 and JPY 31.38 trillion in the year to 31 March 2022. Profit attributable to shareholders in the same years was JPY 4.77 trillion, JPY 4.94 trillion, JPY 2.45 trillion and JPY 2.85 trillion. Revenue grew 13.2% a year, compounded, over the five years to the year to 31 March 2026. At the close of 10 November 2026 the market cap of Toyota Motor was $254.4 billion, 11.5 times its earnings for the year to 31 March 2026.

The share in the US

Last close$214.81 on 10 November 2026
52-week range$166.50 (25 June 2026) to $248.29 (13 February 2026)
Over one yearup 5.3%
Market cap$254.4 billion: 11,841,833,660 shares outstanding at 30 June 2026 (6-K, 14,594,987,460 issued less 2,753,153,800 held in treasury), each US share standing for 10 ordinary shares
P/E, latest fiscal year11.5: the last close over diluted EPS for the year to Mar 2026, JPY 295.25 per ordinary share times 10, JPY 2,952.50 per US share, $18.66 at 158.23 JPY per US dollar on 6 November 2026 (FRED DEXJPUS). The company reports once a year, so this is the latest fiscal year, not the last four quarters.

US dollars per share as it trades in the US; the market cap and the P/E are worked out here, not filed. Prices from IEX, for splits.

Ratios

From the latest annual report, the year to Mar 2026, in dollars

ROE9.6%
ROCE4.5%
Operating margin7.4%
Net margin7.6%
FCF marginn/a
Interest covern/a
Debt to equity1.08
Cash conversion1.42
Share count, last 12 months-1.7%
Sales CAGR, 3 years10.9%
Profit CAGR, 3 years16.2%
EPS$18.66

At the close of 10 November 2026

Price$214.81
Market cap$254.4 billion
Stock P/E11.51
Price to book1.01
EV / EBITDAn/a
Dividend yield3.2%
Market cap / sales0.79
52-week high$248.29
52-week low$166.50
Price, 1 year5.3%
Price CAGR, 3 yearsn/a
Price CAGR, 5 yearsn/a
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowings total Toyota Motor Corp. states in its annual report, never added up from its parts; lease liabilities are a separate line. Nothing here is a valuation or a view.
TMgreeksoup.ai
Daily prices to 10 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. This company reports once a year, so every view here moves once a year, on the day each annual report was filed, and holds until the next. P/E is the close over the year's EPS per US share: the EPS as filed, times the 10 ordinary shares one US share stands for, in dollars at the year's average exchange rate (Federal Reserve, from FRED). Sales and margin are each year's revenue in dollars and its operating margin. EV/EBITDA, price to book and market cap to sales set the close against that year's balance sheet in dollars at its year-end rate and its share count per US share. The dashed line is the median over the range shown. The P/E above uses today's exchange rate, so the latest point here can differ from it a little. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on TM

DividendsJPY 1,239 billion paid in cash dividends in FY2026
Filings28 in twelve months: 26 reports on Form 6-K, most often TMC Announces Changes to Organizational Structure and Executive and Senior Professional/Senior Management Employee Positions (1); notice Concerning the Status of the Repurchase of Shares of our Common Stock (1); notice Concerning Determination of Disposal Price, etc. for Disposition of Treasury Stock under the Share-Based Compensation Plan for Employees (1); FY2027 first quarter financial summary (1); notice Concerning the Continuation of Share-Based Compensation Plan for Employees and Introduction of a New Share-Based Compensation Plan for Employees (1)
Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 0.84 by open interest at the 10 November 2026 close; the straddle prices a 3.4% move to 20 November 2026
13F holders648 funds reported a position for the quarter to 30 June 2026; largest Fisher Asset Management, LLC
Insider trading1 sale and 1 purchase on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest1.8 million shares short, 6.05 days to cover at 30 October 2026

Income statement (profit and loss), 7 fiscal years

Year toMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue29,86727,21531,38037,15445,09548,03750,685
Research and development1,0961,0851,0921,2251,2381,3771,568
Selling, general and administrative2,9822,6352,9763,5884,0154,7824,698
Operating profit2,3992,1982,9962,7255,3534,7963,766
Profit before tax2,7932,9323,9913,6696,9656,4155,153
Income tax6826501,1161,1761,8941,6251,167
Profit for the year2,1112,2822,8752,4935,0714,7903,986
Profit attributable to shareholders2,0362,2452,8502,4514,9454,7653,848
Filing20-F20-F20-F20-F20-F20-F20-F
JPY billion, from each year's annual report on the SEC's EDGAR, linked in the last row, on the IFRS tags the company filed.
Read moreA line the company does not file under the standard tag is left out rather than estimated. Profit for the year includes the part that belongs to minority shareholders; profit attributable to shareholders is the part EPS is struck on. Each year links to its own page.
Year toMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Diluted EPS144.02158.93205.23179.47365.94359.56295.25
Basic EPS145.49160.65205.23179.47365.94359.56295.25
Filing20-F20-F20-F20-F20-F20-F20-F

JPY per ordinary share, as filed. One US-listed share can stand for more or fewer ordinary shares; the P/E above puts the two on the same basis.

Revenue by segment

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Share
of the parts, latest year
Automotive26,80024,65228,60633,82041,26643,20045,41887.5%
Financial services2,1932,1622,3242,8103,4844,4814,8579.4%
All other1,5051,0521,1301,2251,3681,4471,6513.2%
Inter-segment Elimination/Unallocated Amount-631-652-680-700-1,023-1,091-1,241n/a
AutomotiveFinancial servicesAll other
30,497.8Mar 202027,866.2Mar 202132,059.6Mar 202237,854.6Mar 202346,118.6Mar 202449,128.2Mar 202551,926.2Mar 2026

JPY billion; hover a block for its figure and share; the figure over a bar is its parts, before the lines named below

JPY billion, from the latest 20-F, in the company's own words. A year is shown only where the parts add up to the revenue above.

Revenue by product or service

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Share
of the parts, latest year
Sales of products27,69425,07729,07334,36841,64843,59945,86690.5%
Financial services2,1732,1372,3062,7873,4474,4384,8199.5%
Sales of productsFinancial services
29,866.5Mar 202027,214.6Mar 202131,379.5Mar 202237,154.3Mar 202345,095.3Mar 202448,036.7Mar 202550,685.0Mar 2026

JPY billion; hover a block for its figure and share

JPY billion, from the latest 20-F, in the company's own words. A year is shown only where the parts add up to the revenue above.

Cash flow statement

Year toMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operations2,3982,7273,7232,9554,2063,6975,473
Cash from investing-2,125-4,684-577-1,599-4,999-4,190-1,520
Cash from financing3632,739-2,467-56.22,498197-537
Depreciation and amortisation1,5951,6441,8222,0402,0872,2512,393
Dividends paid6196267107288801,1321,239
Filing20-F20-F20-F20-F20-F20-F20-F
JPY billion, from the cash flow statement as filed.
Read morePurchase of property, plant and equipment is the cash line as filed; purchases of intangible assets and acquisitions are not in it. Free cash flow is cash from operations less that purchase, arithmetic on the two filed lines. Cash from investing and from financing are the company's own section totals, below zero where cash went out. Buybacks are the cash paid for the company's own shares.

Balance sheet at year end

Year toMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Funded by
Equity attributable to shareholders20,61923,40526,24628,33934,22135,92539,919
Non-controlling interests7208849099261,0189541,101
Borrowings, as filed21,34125,66026,49629,38036,56238,79343,205
Lease liabilities309361421456463533711
Other liabilities10,98311,95813,61715,20317,85117,39620,586
Total equity and liabilities53,97262,26767,68974,30390,11493,601105,522
Owned
Property, plant and equipment10,53411,41112,32712,63414,25815,33417,067
Cash and cash equivalents4,0985,1016,1147,5179,4128,98212,660
Trade and other receivables2,6482,9593,1433,5863,7893,6803,796
Inventories2,5342,8883,8214,2564,6054,5985,135
Other assets34,15839,90842,28446,31058,05061,00766,864
Total assets53,97262,26767,68974,30390,11493,601105,522
Filing20-F20-F20-F20-F20-F20-F20-F
JPY billion, at each fiscal year end.
Read moreBoth totals are the company's own; other liabilities and other assets are each total less the rows shown. Borrowings is the company's own stated total where it files one; it is never added up from its parts here.

Ratios on the filed lines

Year toMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating margin8.0%8.1%9.5%7.3%11.9%10.0%7.4%
Net margin6.8%8.3%9.1%6.6%11.0%9.9%7.6%
Return on year-end equity9.9%9.6%10.9%8.7%14.4%13.3%9.6%
Effective tax rate24.4%22.2%28.0%32.0%27.2%25.3%22.7%
Filing20-F20-F20-F20-F20-F20-F20-F

Arithmetic on the filed lines of the same year: margins over revenue, return on equity as profit attributable to shareholders over year-end equity, tax over profit before tax.

Questions

What was Toyota Motor's revenue in the year to 31 March 2026?

Toyota Motor (TM) reported revenue of JPY 50.68 trillion for the year to 31 March 2026, up 5.5% on the year before.

How much did Toyota Motor earn in the year to 31 March 2026?

Profit attributable to shareholders was JPY 3.85 trillion for the year to 31 March 2026, and diluted earnings per share JPY 295.25.

What is Toyota Motor's P/E ratio?

At the close of 10 November 2026, Toyota Motor traded at 11.5 times its earnings for the year to 31 March 2026.

What is Toyota Motor's market cap?

The market cap of Toyota Motor was $254.4 billion at the close of 10 November 2026.

Peers: Automobiles and Trucks

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Tesla, Inc. TSLA$1.50 trillion417.293.6%3.3%8.3%0.11n/a
Toyota Motor Corp. TM *$254.4 billion11.519.6%7.4%5.5%1.083.2%
General Motors Co. GM$75.3 billion20.346.3%2.3%-0.3%2.050.6%
Ferrari N.V. RACE *$73.7 billion41.6040.9%29.5%7.0%0.740.8%
Paccar Inc. PCAR$55.6 billion20.1113.2%n/a-1.5%0.712.6%
Ford Motor Co. F$50.1 billionn/a-21.1%-3.8%-1.4%4.424.9%
Honda Motor Co. Ltd. HMC *$45.3 billionn/a-3.6%-1.9%0.5%1.144.2%
Rivian Automotive, Inc. RIVN$20.0 billionn/a-52.0%-52.9%11.1%0.78n/a
Li Auto Inc. LI *$12.7 billion77.211.5%-0.5%-22.3%0.13n/a
Stellantis N.V. STLA *$12.3 billionn/a-41.8%-17.1%-2.1%0.8618.0%
XPeng Inc. XPEV *$9.7 billionn/a-3.8%-3.6%87.7%0.42n/a
Oshkosh Corp. OSK$8.6 billion17.6811.0%6.8%4.2%0.241.6%
All 51 in Automobiles and Trucks
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Tesla, Inc. TSLA$1.50 trillion417.293.6%3.3%8.3%0.11n/a
Toyota Motor Corp. TM *$254.4 billion11.519.6%7.4%5.5%1.083.2%
General Motors Co. GM$75.3 billion20.346.3%2.3%-0.3%2.050.6%
Ferrari N.V. RACE *$73.7 billion41.6040.9%29.5%7.0%0.740.8%
Paccar Inc. PCAR$55.6 billion20.1113.2%n/a-1.5%0.712.6%
Ford Motor Co. F$50.1 billionn/a-21.1%-3.8%-1.4%4.424.9%
Honda Motor Co. Ltd. HMC *$45.3 billionn/a-3.6%-1.9%0.5%1.144.2%
Rivian Automotive, Inc. RIVN$20.0 billionn/a-52.0%-52.9%11.1%0.78n/a
Li Auto Inc. LI *$12.7 billion77.211.5%-0.5%-22.3%0.13n/a
Stellantis N.V. STLA *$12.3 billionn/a-41.8%-17.1%-2.1%0.8618.0%
Allison Transmission Holdings Inc. ALSN$10.3 billion18.0428.0%18.3%70.8%1.920.9%
Borgwarner Inc. BWA$10.1 billion21.478.4%5.4%0.4%0.531.3%
XPeng Inc. XPEV *$9.7 billionn/a-3.8%-3.6%87.7%0.42n/a
Autoliv Inc. ALV$8.7 billion14.5025.3%9.1%4.3%0.792.9%
Oshkosh Corp. OSK$8.6 billion17.6811.0%6.8%4.2%0.241.6%
NIO Inc. NIO *$8.2 billionn/a-374.3%-16.0%33.1%3.36n/a
Aptiv plc APTV$8.1 billion10.908.8%8.7%-17.1%0.61n/a
Federal Signal Corp. FSS$7.0 billion23.8818.8%16.2%24.0%0.270.5%
Terex Corp. TEX$6.4 billion28.824.0%5.7%40.1%0.521.2%
Modine Manufacturing Co. MOD$5.5 billion43.0210.5%10.1%35.1%0.59n/a
Lear Corp. LEA$5.3 billion9.5711.7%3.7%3.5%0.552.8%
Atmus Filtration Technologies Inc. ATMU$4.5 billion20.5643.8%17.1%13.8%1.880.4%
Thor Industries Inc. THO$4.1 billion23.464.2%n/a0.3%0.222.6%
Dorman Products, Inc. DORM$4.0 billion20.2312.9%13.3%2.2%0.28n/a
Gentex Corp. GNTX$4.0 billion10.4416.0%19.1%7.7%0.002.5%
Garrett Motion Inc. GTX$3.8 billion10.62n/an/a6.9%n/a1.5%
Polaris Inc. PII$3.8 billionn/a-24.4%-1.8%9.5%1.934.1%
Versigent plc VGNT$3.0 billionn/an/an/an/a13.79n/a
Patrick Industries Inc. PATK$2.6 billion20.7011.6%6.3%1.7%1.21n/a
Phinia Inc. PHIN$2.6 billion14.3412.4%8.3%5.6%0.721.6%
Dana Inc. DAN$2.4 billion2.5061.0%3.2%5.1%0.921.9%
LCI Industries LCII$2.4 billion12.0913.6%7.6%-0.2%0.584.7%
Visteon Corp. VC$2.0 billion13.8711.3%n/a1.9%0.230.5%
Blue Bird Corp. BLBD$1.8 billion6.9743.0%11.8%13.5%0.13n/a
Lucid Group, Inc. LCID$1.5 billionn/an/a-255.9%46.5%n/an/a
Adient plc ADNT$1.2 billion26.882.8%n/a5.0%1.38n/a
Goodyear Tire & Rubber Co. GT$1.2 billionn/a-22.2%n/a-3.9%2.800.0%
Dauch Corp. DCH$1.1 billionn/a-14.6%1.1%65.0%3.32n/a
Standard Motor Products, Inc. SMP$998 million14.659.6%8.5%5.5%0.672.9%
Gentherm Inc. THRM$916 million99.401.3%3.4%8.8%0.44n/a
Winnebago Industries Inc. WGO$887 million25.772.8%2.4%-3.4%0.364.5%
Aeva Technologies, Inc. AEVA$856 millionn/a-313.2%-558.6%62.9%2.24n/a
Miller Industries Inc. MLR$542 million31.974.1%n/a-4.2%0.011.7%
Hyliion Holdings Corp. HYLN$538 millionn/a-31.2%-350.5%273.1%0.00n/a
Hyster-Yale, Inc. HY$503 millionn/a-34.9%-2.8%-14.2%1.315.2%
Wabash National Corp. WNC$471 millionn/a-51.2%-10.4%-7.3%2.032.8%
Cooper-Standard Holdings Inc. CPS$351 millionn/an/a1.7%2.2%n/an/a
Holley Inc. HLLY$315 million17.404.1%9.7%3.0%1.09n/a
Strattec Security Corp. STRT$246 million14.847.1%3.9%-0.7%0.00n/a
Motorcar Parts of America Inc. MPAA$141 millionn/a-0.2%6.0%-9.1%0.65n/a
Commercial Vehicle Group, Inc. CVGI$121 millionn/a-7.4%3.0%11.0%0.68n/a
14 companies share its SEC industry code (Motor Vehicles & Passenger Car Bodies); the rest are the names nearest in size in its wider industry, Automobiles and Trucks, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Annual reports on EDGAR

FormYear toFiled
20-F31 March 202610 June 2026EDGAR
20-F31 March 202518 June 2025EDGAR
20-F31 March 202425 June 2024EDGAR
20-F/A31 March 20236 February 2024EDGAR
20-F/A31 March 20216 February 2024EDGAR
20-F/A31 March 20206 February 2024EDGAR
20-F/A31 March 20196 February 2024EDGAR
20-F/A31 March 20176 February 2024EDGAR
20-F/A31 March 20166 February 2024EDGAR
20-F31 March 202330 June 2023EDGAR
20-F31 March 202223 June 2022EDGAR
20-F/A31 March 20204 November 2021EDGAR