Industry map/Automotive & Machinery
Automobiles industry map
Who earns the money in Automobiles, and who keeps it. When a company spans several industries, only the relevant segment is counted.
FY2025 · 9 companies · ¥87.7T
Industry map
Companies ordered by revenue, connected by ownership (major shareholders). Arrows point from the shareholder to the investee.
- Industry size (revenue)
- ¥87.7T
- Companies
- 9
- Avg. salary（parent only）
- ¥7.9M
- Industry weather
- Cloudy
YoY +2.0%
Avg. age 41.0
Operating income -66.0%
Toyota Motor[7203]
Automotive
- Revenue
- ¥45.2T▲5.1%
- Operating income
- ¥2.78T▼29.5%
Margin 6.1%
Whole company: Revenue ¥50.7T · Net income ¥3.85T
Avg. salary ¥10.1M · 40.5（parent only）
- Subaru・Capital alliance
- Mazda Motor・Capital alliance
- Mazda Motor・Joint venture
- suzuki motor・Capital alliance
- Subaru・Alliance
suzuki motor[7269]
Automobile business
- Revenue
- ¥5.71T▲7.6%
- Operating income
- ¥547.6B▼3.5%
Margin 9.6%
Whole company: Revenue ¥6.29T · Net income ¥439.3B
Avg. salary ¥8.3M · 41.0（parent only）
- Toyota Motor owns 5.0%
- Toyota Motor・Capital alliance
Subaru[7270]
Automobiles
- Revenue
- ¥4.64T▲1.5%
- Operating income
- ¥32.1B▼92.4%
Margin 0.7%
Whole company: Revenue ¥4.78T · Net income ¥90.8B
Avg. salary ¥7.6M · 40.0（parent only）
- Toyota Motor owns 21.5%
- Toyota Motor・Capital alliance
- Toyota Motor・Alliance
Mazda Motor[7261]
North America + 2 more
- Revenue
- ¥4.32T▼2.8%
- Operating income
- ¥23.7B▼82.4%
Margin 0.5%
Whole company: Revenue ¥4.92T · Net income ¥35.1B
Avg. salary ¥7.1M · 42.5（parent only）
- Toyota Motor owns 5.1%
- Toyota Motor・Capital alliance
- Toyota Motor・Joint venture
Honda Motor[7267]
Automobile business
- Revenue
- ¥13.9T▼2.2%
- Operating income
- -¥1.41TTurned to loss
Margin -10.2%
Whole company: Revenue ¥21.8T · Net income -¥423.9B
Avg. salary ¥9.3M · 43.9（parent only）
Nissan Motor[7201]
Automobile
- Revenue
- ¥10.8T▼5.9%
- Operating income
- -¥292.9B
Margin -2.7%
Whole company: Revenue ¥12T · Net income -¥533.1B
Avg. salary ¥8.6M · 40.9（parent only）
- Mitsubishi Motors・Capital alliance
Mitsubishi Motors[7211]
Car business
- Revenue
- ¥2.85T▲3.8%
- Operating income
- ¥72.5B▼45.9%
Margin 2.5%
Whole company: Revenue ¥2.9T · Net income ¥10B
Avg. salary ¥7.9M · 42.4（parent only）
- Nissan Motor owns 26.7%
- Nissan Motor・Capital alliance
Nissan Shatai[7222]
Automobile related report
- Revenue
- ¥397.6B▲15.8%
- Operating income
- ¥13.7B▲204.1%
Margin 3.4%
Whole company: Revenue ¥403.8B · Net income ¥6.89B
Avg. salary ¥7.5M · 42.2（parent only）
- Nissan Motor owns 50.0%
TRUST Holdings[3286]
RV
- Revenue
- ¥502.1M▲17.0%
- Operating income
- ¥27.4M▼8.5%
Margin 5.5%
Whole company: Revenue ¥12.9B · Net income ¥346M
Avg. salary ¥5.1M · 34.6（parent only）
※ Card revenue and operating income cover only the segment in this industry; “Whole company” shows consolidated revenue and net income.
The weather is derived mechanically from year-over-year totals of revenue and operating income (both up = sunny, both down = rainy).
Industry takeaways
AI summary (figures come from filings)
- Of everything Japan's listed carmakers sold, 46% came from Toyota's automotive segment, at ¥45.2T.
- The next two in size both lost money. Honda's automobile business ran at -10.2% and Nissan at -2.7%.
- Suzuki, fourth by revenue, had the best margin: 9.6%.
- Mazda split by region, with European sales up +17.5% while its Japan segment's margin fell to -18.0%.
Who earns the money
Area = revenue from businesses in this industry. Color = operating margin.
Who makes a profit
Across = revenue (log scale), up = operating margin, bubble size = operating income.
Ranking and momentum
| Rank | Company (business) | Revenue | Share | Op. margin | CAGR | FCF* |
|---|---|---|---|---|---|---|
| 1 | Toyota MotorAutomotive | ¥45.2T | 51.5% | 6.1% | +12.2% | ¥3.32T |
| 2 | Honda MotorAutomobile business | ¥13.9T | 15.8% | -10.2% | +10.9% | ¥523.2B |
| 3 | Nissan MotorAutomobile | ¥10.8T | 12.3% | -2.7% | +9.7% | ¥299.8B |
| 4 | suzuki motorAutomobile business | ¥5.71T | 6.5% | 9.6% | — | ¥340.1B |
| 5 | SubaruAutomobiles | ¥4.64T | 5.3% | 0.7% | +14.7% | ¥123.9B |
| 6 | Mazda MotorNorth America + 2 more | ¥4.32T | 4.9% | 0.5% | +14.0% | -¥110.9B |
| 7 | Mitsubishi MotorsCar business | ¥2.85T | 3.3% | 2.5% | +9.3% | -¥87.1B |
| 8 | Nissan ShataiAutomobile related report | ¥397.6B | 0.5% | 3.4% | +17.4% | ¥11.8B |
| 9 | TRUST HoldingsRV | ¥502.1M | 0.0% | 5.5% | +4.3% | -¥1.02B |
* FCF is company-wide (not disclosed by segment). CAGR covers the available years, up to five.
How they make money differently
Where each company's ¥100 of sales goes, and how much it keeps (company-wide).
- Cost of sales
- SG&A
- Other
- Operating profit
- suzuki motor741610
- Toyota Motor7798
- TRUST Holdings8115
- Mitsubishi Motors8413
- Nissan Shatai95
- Nissan Motor8712
- Subaru858
- Mazda Motor8217
- Honda Motor84117loss ¥2
Ownership links
From the major-shareholder section of annual securities reports.
- Nissan MotorIn industry
- SubsidiaryNissan Shatai50.0%
- AffiliateMitsubishi Motors26.7%
- 三菱商事株式会社Outside
- AffiliateMitsubishi Motors22.2%
- Toyota MotorIn industry
- AffiliateSubaru21.5%
- StakeMazda Motor5.1%
- Stakesuzuki motor5.0%
- ㈱デンソーOutside
- StakeToyota Motor3.5%
The company on each card is a major shareholder of the companies listed under it (latest 'major shareholders' disclosure). 50%+ is labelled subsidiary and 20%+ affiliate, based on ownership alone. Stakes under 3% are omitted.
Compare the leaders side by side
All companies in Automobiles (by revenue)
All 9 companies in this industry, ranked by revenue in each company's latest fiscal year. For companies that belong through one business segment, the figure is that segment's revenue.
- Toyota Motor¥45.2T · 6.1%
- Honda Motor¥13.9T · -10.2%
- Nissan Motor¥10.8T · -2.7%
- suzuki motor¥5.71T · 9.6%
- Subaru¥4.64T · 0.7%
- Mazda Motor¥4.32T · 0.5%
- Mitsubishi Motors¥2.85T · 2.5%
- Nissan Shatai¥397.6B · 3.4%
- TRUST Holdings¥502.1M · 5.5%
Revenue · Op. margin
Related industries
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