ToyotaTOYOTA MOTOR CORPORATION7203東証プライム輸送用機器FY ending Mar 2026, consolidated, IFRS

Toyota FY ending Mar 2026 results

About 90% of Toyota's sales come from Automotive, with Financial Services making up much of the rest.

Out of every ¥100 of sales, about ¥8 is left as operating profit.

Revenue changed +5.5% from the prior year, operating profit -21.5%.

Revenue and profit pattern

Revenue up, profit downRevenue grew faster

Revenue +5.5% · profit -21.5%, calculated from disclosed figures.

Operating leverage: -3.89× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
+5.5%¥48T → ¥50.7T
Gross profit
-7.8%¥12.5T → ¥11.5T
Operating income
-21.5%¥4.8T → ¥3.77T
Net income attributable to owners
-19.2%¥4.77T → ¥3.85T
Operating cash flow
+48.0%¥3.7T → ¥5.47T
Free cash flow
+85.7%¥1.79T → ¥3.32T

Results at a glance

  • Revenue for the FY ending Mar 2026 rose +5.5% to ¥50.7T, up from ¥48T.
  • Profits went the other way: operating income fell -21.5% from ¥4.8T to ¥3.77T, and net income attributable to owners fell -19.2% from ¥4.77T to ¥3.85T.
  • Cash generation improved sharply, with operating cash flow at ¥5.47T (+48.0%) and free cash flow at ¥3.32T (+85.7%).

What drove the change

  • Vehicle sales rose in both Japan and overseas, led by North America and Europe.
  • The profit drop came mainly from higher expenses, which included the impact of US tariffs.
  • Sales efforts such as a better model mix and price revisions offset part of the decline.

Things to watch

  • US tariff hikes and retaliatory measures by other countries have kept tariff rates high.
  • Swings in exchange rates and interest rates affect profits and the finance arm's funding costs.
  • Technology shifts such as CASE may make competition in the car market even tougher.

Annual Securities Report (122nd term) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report (122nd term) / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

For every ¥100 Toyota sells, how much goes where, and how much is kept.

FY ending Mar 2026
Cost of sales
¥77
SG&A
¥9
Other costs
¥6
Operating profit
¥8
Net profit kept
¥8

Annual margin trends

Gross margin22.8%
FY ending Mar 2021: 22.1%22.1%FY ending Mar 2022: 22.7%22.7%FY ending Mar 2023: 21.6%21.6%FY ending Mar 2024: 25.5%25.5%FY ending Mar 2025: 26.1%26.1%FY ending Mar 2026: 22.8%22.8%FY21FY22FY23FY24FY25FY26
Operating margin7.4%
FY ending Mar 2021: 8.1%8.1%FY ending Mar 2022: 9.5%9.5%FY ending Mar 2023: 7.3%7.3%FY ending Mar 2024: 11.9%11.9%FY ending Mar 2025: 10.0%10.0%FY ending Mar 2026: 7.4%7.4%FY21FY22FY23FY24FY25FY26
Net margin7.6%
FY ending Mar 2021: 8.3%8.3%FY ending Mar 2022: 9.1%9.1%FY ending Mar 2023: 6.6%6.6%FY ending Mar 2024: 11.0%11.0%FY ending Mar 2025: 9.9%9.9%FY ending Mar 2026: 7.6%7.6%FY21FY22FY23FY24FY25FY26

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (10)
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    有価証券報告書-第122期(2025/04/01-2026/03/31)

    ID S100Y8NY2026-06-10Open
  • EDINET (FSA Japan)

    有価証券報告書-第121期(2024/04/01-2025/03/31)

    ID S100VWVY2025-06-18Open
  • EDINET (FSA Japan)

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    ID S100TR7I2024-06-25Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第119期(2022/04/01-2023/03/31)

    ID S100RAR02023-06-30Open
  • EDINET (FSA Japan)

    有価証券報告書-第118期(令和3年4月1日-令和4年3月31日)

    ID S100OC132022-06-23Open
  • EDINET (FSA Japan)

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    ID S100M26Y2021-07-30Open
  • EDINET (FSA Japan)

    有価証券報告書-第116期(平成31年4月1日-令和2年3月31日)

    ID S100IUNR2020-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第115期(平成30年4月1日-平成31年3月31日)

    ID S100G1ZO2019-06-21Open
  • EDINET (FSA Japan)

    有価証券報告書-第114期(平成29年4月1日-平成30年3月31日)

    ID S100DA2Y2018-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第113期(2016/04/01-2017/03/31)

    ID S100AKEX2017-06-23Open

Extracted from XBRL: 42 / Derived from other figures: 2

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