Segment data (Tables)

12 Months Ended

Mar. 31, 2020

Segment Operating Results and Assets

Segment operating results and assets -

As of and for the year ended March 31, 2018:

	Yen in millions
	Automotive		Financial Services		All Other		Inter-segment Elimination/ Unallocated Amount			Consolidated
Net revenues
Sales to external customers		26,347,229		1,959,234		1,073,047		—			29,379,510
Inter-segment sales and transfers		50,711		57,774		573,071		(681,556	)		—
Total		26,397,940		2,017,008		1,646,118		(681,556	)		29,379,510
Operating expenses		24,386,805		1,731,462		1,545,306		(683,925	)		26,979,648
Operating income		2,011,135		285,546		100,812		2,369			2,399,862
Assets		17,054,209		23,055,981		2,178,118		8,019,941			50,308,249
Investment in equity method investees		3,054,583		11,713		—		96,415			3,162,711
Depreciation expenses		976,735		723,061		34,237		—			1,734,033
Capital expenditure		1,381,122		2,166,805		62,447		(11,667	)		3,598,707

As of and for the year ended March 31, 2019:

	Yen in millions
	Automotive		Financial Services		All Other		Inter-segment Elimination/ Unallocated Amount			Consolidated
Net revenues
Sales to external customers		27,034,492		2,120,343		1,070,846		—			30,225,681
Inter-segment sales and transfers		44,585		33,204		605,531		(683,320	)		—
Total		27,079,077		2,153,547		1,676,377		(683,320	)		30,225,681
Operating expenses		25,040,193		1,830,726		1,570,839		(683,622	)		27,758,136
Operating income		2,038,884		322,821		105,538		302			2,467,545
Assets		17,799,376		24,044,700		2,125,271		7,967,602			51,936,949
Investment in equity method investees		3,215,856		12,172		—		85,675			3,313,703
Depreciation expenses		997,312		758,847		36,216		—			1,792,375
Capital expenditure		1,520,366		2,165,609		66,075		(13,163	)		3,738,887

As of and for the year ended March 31, 2020:

	Yen in millions
	Automotive		Financial   Services		All Other		Inter-segment Elimination/ Unallocated Amount			Consolidated
Net revenues
Sales to external customers		26,834,485		2,170,243		925,264		—			29,929,992
Inter-segment sales and transfers		29,029		20,316		579,286		(628,631	)		—
Total		26,863,514		2,190,559		1,504,550		(628,631	)		29,929,992
Operating expenses		24,811,168		1,898,376		1,407,895		(630,316	)		27,487,123
Operating income		2,052,346		292,183		96,655		1,685			2,442,869
Assets		18,754,728		24,858,837		2,023,111		7,043,760			52,680,436
Investment in equity method investees		3,711,151		61,852		180,425		137,362			4,090,790
Depreciation expenses		824,777		743,710		36,896		—			1,605,383
Capital expenditure		1,454,142		2,062,718		71,554		14,818			3,603,232

Geographic Information

Geographic information -

As of and for the year ended March 31, 2018:

	Yen in millions
	Japan		North America		Europe		Asia		Other		Inter-segment Elimination/ Unallocated Amount			Consolidated
Net revenues
Sales to external customers		9,273,672		10,347,266		2,940,243		4,497,374		2,320,955		—			29,379,510
Inter-segment sales and transfers		6,751,172		227,144		244,981		650,765		132,344		(8,006,406	)		—
Total		16,024,844		10,574,410		3,185,224		5,148,139		2,453,299		(8,006,406	)		29,379,510
Operating expenses		14,364,926		10,435,511		3,110,198		4,714,940		2,340,636		(7,986,563	)		26,979,648
Operating income		1,659,918		138,899		75,026		433,199		112,663		(19,843	)		2,399,862
Assets		15,797,024		16,936,704		3,346,179		4,893,582		2,986,661		6,348,099			50,308,249
Long-lived assets		3,511,663		5,179,139		359,355		797,435		420,081		—			10,267,673

As of and for the year ended March 31, 2019:

	Yen in millions
	Japan		North America		Europe		Asia		Other		Inter-segment Elimination/ Unallocated Amount			Consolidated
Net revenues
Sales to external customers		9,520,148		10,585,934		3,055,654		4,832,392		2,231,553		—			30,225,681
Inter-segment sales and transfers		7,105,213		231,313		183,197		680,639		101,890		(8,302,252	)		—
Total		16,625,361		10,817,247		3,238,851		5,513,031		2,333,443		(8,302,252	)		30,225,681
Operating expenses		14,933,686		10,702,732		3,113,983		5,055,542		2,242,333		(8,290,140	)		27,758,136
Operating income		1,691,675		114,515		124,868		457,489		91,110		(12,112	)		2,467,545
Assets		16,465,702		17,452,216		3,872,301		5,176,990		3,067,270		5,902,470			51,936,949
Long-lived assets		3,607,843		5,469,262		453,921		729,494		424,974		—			10,685,494

As of and for the year ended March 31, 2020:

	Yen in millions
	Japan		North America		Europe		Asia		Other		Inter-segment Elimination/ Unallocated Amount			Consolidated
Net revenues
Sales to external customers		9,522,905		10,416,582		3,138,755		4,828,635		2,023,115		—			29,929,992
Inter-segment sales and transfers		6,938,616		222,166		222,123		510,021		89,387		(7,982,313	)		—
Total		16,461,521		10,638,748		3,360,878		5,338,656		2,112,502		(7,982,313	)		29,929,992
Operating expenses		14,893,543		10,368,119		3,210,333		4,967,657		2,021,778		(7,974,307	)		27,487,123
Operating income		1,567,978		270,629		150,545		370,999		90,724		(8,006	)		2,442,869
Assets		17,517,032		18,012,336		4,192,858		5,241,588		2,837,944		4,878,678			52,680,436
Long-lived assets		3,880,118		5,374,456		561,371		668,252		394,446		—			10,878,643

Revenues that are Attributed to Countries Based on Location of Customers, Excluding Customers in Japan

The following information shows revenues that are attributed to countries based on location of customers, excluding customers in Japan. In addition to the disclosure requirements under U.S.GAAP, Toyota discloses this information in order to provide financial statements users with valuable information.

	Yen in millions
	For the years ended March 31,
	2018		2019		2020
North America		10,403,647		10,675,298		10,543,638
Europe		2,730,915		2,873,737		2,937,216
Asia		4,793,110		5,355,991		5,263,943
Other		4,186,666		3,944,854		3,936,572

Balance Sheets - Non-financial Services and Financial Services Businesses

The financial data below presents separately Toyota’s non-financial services and financial services businesses.

Balance sheets -

	Yen in millions
	March 31,
	2019			2020
Assets
Non-Financial Services Businesses
Current assets
Cash and cash equivalents		2,790,212			2,774,498
Marketable securities		1,108,540			648,982
Trade accounts and notes receivable, less allowance for doubtful accounts		2,489,105			2,155,943
Inventories		2,656,396			2,434,916
Prepaid expenses and other current assets		2,118,922			2,413,274
Total current assets		11,163,175			10,427,613
Investments and other assets		11,643,209			12,435,115
Property, plant and equipment		6,178,503			6,293,992
Total Non-Financial Services Businesses assets		28,984,887			29,156,720
Financial Services Business
Current assets
Cash and cash equivalents		784,492			1,416,020
Marketable securities		18,620			29,749
Finance receivables, net		6,647,771			6,614,171
Prepaid expenses and other current assets		997,116			1,205,912
Total current assets		8,447,999			9,265,852
Noncurrent finance receivables, net		10,281,118			10,423,858
Investments and other assets		808,592			861,594
Property, plant and equipment		4,506,991			4,307,533
Total Financial Services Business assets		24,044,700			24,858,837
Eliminations		(1,092,638	)		(1,335,121	)
Total assets		51,936,949			52,680,436

	Yen in millions
	March 31,
	2019			2020
Liabilities
Non-Financial Services Businesses
Current liabilities
Short-term borrowings		579,901			483,871
Current portion of long-term debt		173,379			156,664
Accounts payable		2,616,143			2,404,385
Accrued expenses		3,075,411			2,789,153
Income taxes payable		300,703			201,200
Other current liabilities		1,755,737			1,773,883
Total current liabilities		8,501,274			7,809,156
Long-term liabilities
Long-term debt		784,256			818,371
Accrued pension and severance costs		948,377			963,061
Other long-term liabilities		1,059,237			1,303,628
Total long-term liabilities		2,791,870			3,085,060
Total Non-Financial Services Businesses liabilities		11,293,144			10,894,216
Financial Services Business
Current liabilities
Short-term borrowings		5,113,888			5,432,180
Current portion of long-term debt		4,127,133			4,508,666
Accounts payable		39,187			39,226
Accrued expenses		161,105			151,857
Income taxes payable		20,295			16,917
Other current liabilities		997,842			982,892
Total current liabilities		10,459,450			11,131,738
Long-term liabilities
Long-term debt		9,974,516			10,006,491
Accrued pension and severance costs		15,029			15,566
Other long-term liabilities		722,279			725,769
Total long-term liabilities		10,711,824			10,747,826
Total Financial Services Business liabilities		21,171,274			21,879,564
Eliminations		(1,092,679	)		(1,335,195	)
Total liabilities		31,371,739			31,438,585
Mezzanine equity		498,073			504,169
Total Toyota Motor Corporation shareholders’ equity		19,348,152			20,060,618
Noncontrolling interests		718,985			677,064
Total shareholders’ equity		20,067,137			20,737,682
Total liabilities, mezzanine equity and shareholders’ equity		51,936,949			52,680,436

Statements of Income - Non-financial Services and Financial Services Businesses

Statements of income -

	Yen in millions
	For the years ended March 31,
	2018			2019			2020
Non-Financial Services Businesses
Net revenues		27,448,165			28,133,676			27,775,932
Costs and expenses
Cost of revenues		22,613,450			23,400,550			23,143,209
Selling, general and administrative		2,721,362			2,591,249			2,483,501
Total costs and expenses		25,334,812			25,991,799			25,626,710
Operating income		2,113,353			2,141,877			2,149,222
Other income (expense), net		222,326			(161,608	)		130,259
Income before income taxes and equity in earnings of affiliated companies		2,335,679			1,980,269			2,279,481
Provision for income taxes		738,763			580,031			618,252
Equity in earnings of affiliated companies		467,718			357,527			260,149
Net income		2,064,634			1,757,765			1,921,378
Less - Net income attributable to noncontrolling interests		(89,533	)		(97,500	)		(67,559	)
Net income attributable to Toyota Motor Corporation - Non-Financial Services Businesses		1,975,101			1,660,265			1,853,819
Financial Services Business
Net revenues		2,017,008			2,153,547			2,190,559
Costs and expenses
Cost of revenues		1,320,348			1,418,636			1,395,211
Selling, general and administrative		411,114			412,090			503,165
Total costs and expenses		1,731,462			1,830,726			1,898,376
Operating income		285,546			322,821			292,183
Other income (expense), net		(794	)		(17,658	)		(17,103	)
Income before income taxes and equity in earnings of affiliated companies		284,752			305,163			275,080
Provision for income taxes		(234,356	)		79,903			65,164
Equity in earnings of affiliated companies		2,365			2,539			11,003
Net income		521,473			227,799			220,919
Less - Net income attributable to noncontrolling interests		(2,589	)		(5,214	)		1,413
Net income attributable to Toyota Motor Corporation - Financial Services Business		518,884			222,585			222,332
Eliminations		(2	)		23			32
Net income attributable to Toyota Motor Corporation		2,493,983			1,882,873			2,076,183

Statement of Cash Flows - Non-financial Services and Financial Services Businesses

Statements of cash flows -

	Yen in millions									Yen in millions
	For the year ended March 31, 2018									For the year ended March 31, 2019
	Non-Financial Services Businesses			Financial Services Business			Consolidated			Non-Financial Services Businesses			Financial Services Business			Consolidated
Cash flows from operating activities
Net income		2,064,634			521,473			2,586,106			1,757,765			227,799			1,985,587
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation		1,010,972			723,061			1,734,033			1,033,528			758,847			1,792,375
Provision (reversal) for doubtful accounts and credit losses		(74	)		76,143			76,069			(1,375	)		81,440			80,065
Pension and severance costs, less payments		5,027			(741	)		4,286			30,477			1,168			31,645
Losses on disposal of fixed assets		35,010			279			35,289			33,676			2,226			35,902
Unrealized losses (gains) on securities		459			387			846			338,626			846			339,472
Deferred income taxes		64,143			(302,103	)		(237,961	)		(110,346	)		23,742			(86,594	)
Equity in earnings of affiliated companies		(467,718	)		(2,365	)		(470,083	)		(357,527	)		(2,539	)		(360,066	)
Changes in operating assets and liabilities, and other		205,434			312,828			494,543			(17,488	)		15,557			(51,789	)
Net cash provided by operating activities		2,917,887			1,328,962			4,223,128			2,707,336			1,109,086			3,766,597
Cash flows from investing activities
Additions to finance receivables		—			(25,153,088	)		(15,058,516	)		—			(26,000,249	)		(15,884,610	)
Collection of and proceeds from sales of finance receivables		—			24,117,335			14,046,312			—			24,925,930			14,859,103
Additions to fixed assets excluding equipment leased to others		(1,276,788	)		(14,329	)		(1,291,117	)		(1,435,964	)		(16,761	)		(1,452,725	)
Additions to equipment leased to others		(155,114	)		(2,152,476	)		(2,307,590	)		(137,314	)		(2,148,848	)		(2,286,162	)
Proceeds from sales of fixed assets excluding equipment leased to others		70,755			1,065			71,820			63,955			1,482			65,437
Proceeds from sales of equipment leased to others		63,402			1,147,870			1,211,272			60,657			1,324,417			1,385,074
Purchases of marketable securities and security investments		(2,273,805	)		(779,111	)		(3,052,916	)		(1,737,107	)		(103,248	)		(1,840,355	)
Proceeds from sales of and maturity of marketable securities and security investments		1,762,189			761,349			2,523,538			2,255,635			443,163			2,698,798
Payment for additional investments in affiliated companies, net of cash acquired		(576	)		—			(576	)		5,010			—			5,010
Changes in investments and other assets, and other		260,015			(106,597	)		197,681			(268,946	)		(4,130	)		(246,811	)
Net cash used in investing activities		(1,549,922	)		(2,177,982	)		(3,660,092	)		(1,194,074	)		(1,578,244	)		(2,697,241	)
Cash flows from financing activities
Proceeds from issuance of long-term debt		212,387			4,666,579			4,793,939			286,085			4,747,506			5,000,921
Payments of long-term debt		(170,072	)		(4,314,294	)		(4,452,338	)		(142,556	)		(4,336,250	)		(4,442,232	)
Increase (decrease) in short-term borrowings		(122,222	)		461,052			347,738			49,161			144,277			164,282
Dividends paid to Toyota Motor Corporation class shareholders		(6,194	)		—			(6,194	)		(8,690	)		—			(8,690	)
Dividends paid to Toyota Motor Corporation common shareholders		(620,698	)		—			(620,698	)		(636,116	)		—			(636,116	)
Dividends paid to noncontrolling interests		(63,764	)		—			(63,764	)		(69,367	)		—			(69,367	)
Reissuance (repurchase) of treasury stock		(447,818	)		—			(447,818	)		(549,637	)		—			(549,637	)
Net cash provided by (used in) financing activities		(1,218,381	)		813,337			(449,135	)		(1,071,120	)		555,533			(540,839	)
Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents		(16,124	)		(27,464	)		(43,588	)		(42,454	)		813			(41,641	)
Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents		133,460			(63,147	)		70,313			399,688			87,188			486,876
Cash and cash equivalents and restricted cash and cash equivalents at beginning of year		2,257,064			892,262			3,149,326			2,390,524			829,115			3,219,639
Cash and cash equivalents and restricted cash and cash equivalents at end of year		2,390,524			829,115			3,219,639			2,790,212			916,303			3,706,515

	Yen in millions
	For the year ended March 31, 2020
	Non-Financial Services Businesses			Financial Services Business			Consolidated
Cash flows from operating activities
Net income		1,921,378			220,919			2,142,329
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation		861,673			743,710			1,605,383
Provision (reversal) for doubtful accounts and credit losses		5,689			137,293			142,982
Pension and severance costs, less payments		14,880			819			15,699
Losses on disposal of fixed assets		54,549			2,364			56,913
Unrealized losses (gains) on securities		21,069			(987	)		20,082
Deferred income taxes		193,438			(1,305	)		192,147
Equity in earnings of affiliated companies		(260,149	)		(11,003	)		(271,152	)
Changes in operating assets and liabilities, and other		(305,705	)		(46,610	)		(313,740	)
Net cash provided by operating activities		2,506,822			1,045,200			3,590,643
Cash flows from investing activities
Additions to finance receivables		—			(26,668,185	)		(16,896,588	)
Collection of and proceeds from sales of finance receivables		—			25,557,953			15,667,462
Additions to fixed assets excluding equipment leased to others		(1,377,238	)		(30,594	)		(1,407,832	)
Additions to equipment leased to others		(155,601	)		(2,031,698	)		(2,187,299	)
Proceeds from sales of fixed assets excluding equipment leased to others		47,488			1,263			48,751
Proceeds from sales of equipment leased to others		49,913			1,341,302			1,391,215
Purchases of marketable securities and security investments		(2,236,585	)		(176,502	)		(2,413,087	)
Proceeds from sales of and maturity of marketable securities and security investments		2,245,119			125,287			2,370,406
Payment for additional investments in affiliated companies, net of cash acquired		—			(14,763	)		(14,763	)
Changes in investments and other assets, and other		(18,895	)		(20,037	)		290,874
Net cash used in investing activities		(1,445,799	)		(1,915,974	)		(3,150,861	)
Cash flows from financing activities
Proceeds from issuance of long-term debt		235,080			5,466,618			5,691,499
Payments of long-term debt		(130,695	)		(4,335,145	)		(4,424,923	)
Increase (decrease) in short-term borrowings		51,406			520,468			291,623
Dividends paid to Toyota Motor Corporation class shareholders		(11,186	)		—			(11,186	)
Dividends paid to Toyota Motor Corporation common shareholders		(618,801	)		—			(618,801	)
Dividends paid to noncontrolling interests		(54,945	)		—			(54,945	)
Reissuance (repurchase) of treasury stock		(476,129	)		—			(476,129	)
Net cash provided by (used in) financing activities		(1,005,270	)		1,651,941			397,138
Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents		(71,467	)		(59,778	)		(131,245	)
Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents		(15,714	)		721,389			705,675
Cash and cash equivalents and restricted cash and cash equivalents at beginning of year		2,790,212			916,303			3,706,515
Cash and cash equivalents and restricted cash and cash equivalents at end of year		2,774,498			1,637,692			4,412,190