Affiliated companies and variable interest entities (Tables)

12 Months Ended

Mar. 31, 2020

Summarized financial information for affiliated companies accounted for by the equity method is shown below:


	Yen in millions
	March 31,
	2019		2020
Current assets		13,555,478		16,551,569
Noncurrent assets		12,464,250		14,869,913

Total assets		26,019,728		31,421,482

Current liabilities		8,322,336		9,819,357
Long-term liabilities and noncontrolling interests		6,398,659		9,421,112
Affiliated companies accounted for by the equity method shareholders’ equity		11,298,733		12,181,013

Total liabilities and shareholders’ equity		26,019,728		31,421,482

Toyota’s share of affiliated companies accounted for by the equity method shareholders’ equity		3,313,703		4,090,790

Number of affiliated companies accounted for by the equity method at end of period		63		72


	Yen in millions
	For the years ended March 31,
	2018		2019		2020
Net revenues		30,680,535		32,200,711		35,340,807

Gross profit		4,065,344		4,070,621		4,315,967

Net income attributable to affiliated companies accounted for by the equity method		1,344,687		857,832		841,938

Equity in earnings of affiliated companies attributable to Toyota Motor Corporation		470,083		360,066		271,152

Entities comprising a significant portion of Toyota’s investment in affiliated companies and percentage of ownership are presented below:


	Percentage of ownership
	March 31,
Name of affiliated companies	2019			2020
Denso Corporation		24.5	%		24.5	%
Subaru Corporation		—			20.0	%
Toyota Industries Corporation		24.9	%		24.9	%
Aisin Seiki Co., Ltd.		24.9	%		24.9	%
Toyota Tsusho Corporation		22.0	%		22.0	%

Account balances and transactions with affiliated companies are presented below:


	Yen in millions
	March 31,
	2019		2020
Trade accounts and notes receivable, and other receivables		362,831		357,849
Accounts payable and other payables		845,755		780,935