6-K
TOYOTA MOTOR CORP/ (TM)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report ofForeign Private Issuer
Pursuant to Rule 13a-16 or15d-16 under
the Securities Exchange Act of 1934
For the month of April, 2023
Commission File Number 001-14948
Toyota Motor Corporation
(Translation of Registrant’s Name Into English)
1, Toyota-cho,Toyota City,
Aichi Prefecture 471-8571,
Japan
(Address ofPrincipal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F X Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Material Contained in this Report:
English translation of the registrant’s announcement regarding the Difference in Non-Consolidated Financial Results of our Consolidated Subsidiary from the Previous Fiscal Year, as filed by the registrant with the Tokyo Stock Exchange on April 26, 2023.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Toyota Motor Corporation | ||
|---|---|---|
| By: | /s/ Yoshihide<br>Moriyama | |
| Name: | Yoshihide Moriyama | |
| Title: | General Manager, | |
| Capital Strategy & Affiliated Companies Finance Division |
Date: April 26, 2023
announcement regarding the Subsidiary's Non-Consolidated Financial Results
[Reference Translation]
April 26, 2023
To Whom It May Concern:
| Company Name: TOYOTA MOTOR CORPORATION |
|---|
| Name and Title of Representative: |
| Akio Toyoda, Chairman of the Board of Directors |
| (Code Number: 7203 |
| Prime of Tokyo Stock Exchange and |
| Premier of Nagoya Stock Exchange) |
| Name and Title of Contact Person: |
| Yoshihide Moriyama, General Manager, |
| Capital Strategy & Affiliated Companies Finance Div. |
| (Telephone Number:<br>0565-28-2121) |
Notice of the Difference in Non-Consolidated Financial Results ofour
Consolidated Subsidiary from the Previous Fiscal Year
We hereby inform you of the difference in non-consolidated financial results of our consolidated subsidiary, Hino Motors, Ltd. for the fiscal year ended March 31, 2023 compared with the previous fiscal year.
The impact of this matter on our forecasts of consolidated results is expected to be immaterial.
Fiscal Year Ended March 31, 2023 (April 1, 2022 – March 31, 2023)
Fiscal Year Ended March 31, 2022 (April 1, 2021 – March 31, 2022)
| (% of change from previous year.) | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | Operating income | Ordinary income | Profit | |||||||||||||
| Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||||||||
| FY2023 | 832,061 | -3.7 | -15,761 | — | -25,743 | — | -119,189 | — | ||||||||
| FY2022 | 863,642 | — | -3,003 | — | 11,611 | — | -88,599 | — |
For the reason for the difference, please refer to the attached Hino Motors, Ltd. disclosure below.
| Financial Results for the Fiscal Year Ended March 31, 2023<br><br><br>[Japanese GAAP] (Consolidated) | |||
|---|---|---|---|
| English translation from the original Japanese-language document | |||
| April 26, 2023 | |||
| --- | --- | --- | --- |
| Name of Listed Company | : | Hino Motors, Ltd. | Stock Listing: Tokyo and Nagoya |
| Code Number | : | 7205 | |
| URL | : | http://www.hino.co.jp/ | |
| Representative | : | Satoshi Ogiso, President & CEO, Member of the Board of Directors | |
| Contact Point | : | Yoshiki Ohno, General Manager, Corporate Communications Dept., Public Affairs Div. | |
| Phone | : | (042) 586-5494 | |
| Scheduled Date of Annual Meeting of Shareholders | : | June 27, 2023 | |
| Scheduled Date of Financial Statements Filing | : | June 27, 2023 | |
| Scheduled Date of Dividend Payment Start | : | — | |
| Supplementary materials for Financial Results | : | Yes | |
| Investor conference for Financial Results | : | Yes (For Mass Media and Analysts) |
(Amounts are rounded down to the nearest one million yen)
| 1. | Consolidated Financial Results for the Fiscal Year Ended March 31, 2023 (April 1, 2022 –<br>March 31, 2023) | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (1) | Consolidated Financial Results | |||||||||||||||
| --- | --- | |||||||||||||||
| (% of change from previous year.) | ||||||||||||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Net sales | Operating income | Ordinary income | Profit attributable toowners of parent | |||||||||||||
| Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||||||||
| FY 2023 | 1,507,336 | 3.3 | 17,406 | -48.5 | 17,587 | -58.4 | -117,664 | — | ||||||||
| FY 2022 | 1,459,706 | — | 33,810 | — | 37,986 | — | -84,732 | — | ||||||||
| (Note) | Comprehensive income FY 2023: ¥ -78,297 million (—%) FY 2022: ¥ -74,716 million (—%) | |||||||||||||||
| --- | --- | |||||||||||||||
| Profit per share | Diluted Profitper share | Return on equity | Ordinary incometo total assets | Operating incometo net sales | ||||||||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ||||||
| Yen | Yen | % | % | % | ||||||||||||
| FY 2023 | -204.98 | — | -28.5 | 1.2 | 1.2 | |||||||||||
| FY 2022 | -147.61 | — | -16.7 | 3.1 | 2.3 | |||||||||||
| (Reference) | Equity in earnings of affiliated companies: FY 2023: ¥-900 million FY 2022: ¥186 million | |||||||||||||||
| --- | --- | |||||||||||||||
| (Note) | The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29; March 31, 2020), etc. were applied from the beginning of the previous consolidated accounting period. Accordingly, the figures for the fiscal year<br>ending March 2022 reflect said accounting standard, etc., and increase/decrease rates from the previous year are not indicated. | |||||||||||||||
| (2) | Consolidated Financial Position | |||||||||||||||
| --- | --- | |||||||||||||||
| Total assets | Net assets | Equity ratio | Net assets per share | |||||||||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | ||||||||
| Millions of yen | Millions of yen | % | Yen | |||||||||||||
| FY 2023 | 1,361,735 | 433,409 | 27.0 | 640.94 | ||||||||||||
| FY 2022 | 1,258,350 | 516,007 | 36.4 | 798.17 |
(Reference) Equity capital: FY 2023: ¥367,914 million FY 2022: ¥458,169 million
| (3) | Consolidated Cash Flows | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows fromoperating activities | Cash flows frominvesting activities | Cash flows fromfinancing activities | Cash and cashequivalentsat end of year | |||||||||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | ||||||||
| Millions of yen | Millions of yen | Millions of yen | Millions of yen | |||||||||||||
| FY 2023 | -40,799 | -60,257 | 114,208 | 75,683 | ||||||||||||
| FY 2022 | 106,711 | -62,181 | -39,147 | 62,662 | ||||||||||||
| 2. | Dividends | |||||||||||||||
| --- | --- | |||||||||||||||
| Dividends per share | Total<br>dividends(annual) | Dividends<br>payout ratio(consolidated) | Dividends on<br>net assets(consolidated) | |||||||||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1Q | 2Q | 3Q | Year-end | Annual | ||||||||||||
| Yen | Yen | Yen | Yen | Yen | Millions of Yen | % | % | |||||||||
| FY 2022 | — | 10.00 | — | 0.00 | 10.00 | 5,741 | — | 1.1 | ||||||||
| FY 2023 | — | 0.00 | — | 0.00 | 0.00 | — | — | — | ||||||||
| FY 2024 (forecast) | — | — | — | — | — | — | ||||||||||
| (Note) | Due to some uncertain events at present, the year-end and annual dividend forecasts for FY2024 have not been determined. | |||||||||||||||
| --- | --- | |||||||||||||||
| 3. | Forecasts of Consolidated Financial Results for the Fiscal Year Ending March 31, 2023 (April 1, 2023<br>– March 31, 2024) | |||||||||||||||
| --- | --- | |||||||||||||||
| (% of change from FY2023) | ||||||||||||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |||
| Net sales | Operating income | Ordinary income | Profit attributable toowners ofparent | Profitper share | ||||||||||||
| Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | ||||||||
| FY 2024 | 1,700,000 | 12.8 | 20,000 | 14.9 | 15,000 | -5.0 | 10,000 | — | 17.42 |
*Notes
| (1) | Changes in significant subsidiaries (changes of specified subsidiaries resulting in changes in scope of<br>consolidation) during the current term: None |
|---|---|
| (2) | Changes in accounting policies, accounting estimates and restatements: |
| --- | --- |
| 1) | Changes in accounting policies due to revisions of accounting standards: None |
| --- | --- |
| 2) | Changes in accounting policies due to reasons other than above 1): None |
| --- | --- |
| 3) | Changes in accounting estimates: None |
| --- | --- |
| 4) | Restatements: None |
| --- | --- |
| (3) | Number of outstanding shares (common stock) |
| --- | --- |
| 1) | Number of outstanding shares (including treasury stock) at end of term |
| --- | --- |
| FY 2023 574,580,850 shares FY 2022 574,580,850 shares<br> | |
| --- | |
| 2) | Number of treasury stock at end of term |
| --- | --- |
| FY 2023 554,114 shares FY 2022 553,582 shares<br> | |
| --- | |
| 3) | Average number of shares |
| --- | --- |
| FY 2023 574,027,093 shares FY 2022 574,027,580 shares<br> | |
| --- |
(Reference) Overview of Non-Consolidated Financial Results
| 1. | Non-Consolidated Financial Results for the Fiscal Year Ended<br>March 31, 2023 (April 1, 2022 – March 31, 2023) | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (1) | Non-Consolidated Financial Results | |||||||||||||||
| --- | --- | |||||||||||||||
| (% of change from previous year.) | ||||||||||||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Net sales | Operating income | Ordinary income | Profit | |||||||||||||
| Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||||||||
| FY 2023 | 832,061 | -3.7 | -15,761 | — | -25,743 | — | -119,189 | — | ||||||||
| FY 2022 | 863,642 | — | -3,003 | — | 11,611 | — | -88,599 | — | ||||||||
| Profit per share | Diluted Profit per share | |||||||||||||||
| --- | --- | --- | --- | --- | ||||||||||||
| Yen | Yen | |||||||||||||||
| FY 2023 | -207.59 | — | ||||||||||||||
| FY 2022 | -154.31 | — | ||||||||||||||
| (Note) | The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29; March 31, 2020), etc. were applied from the beginning of the previous accounting period. Accordingly, the figures for the fiscal year ending March 2022 reflect<br>said accounting standard, etc., and increase/decrease rates from the previous year are not indicated. | |||||||||||||||
| --- | --- | |||||||||||||||
| (2) | Non-Consolidated Financial Position | |||||||||||||||
| --- | --- | |||||||||||||||
| Total assets | Net assets | Equity ratio | Net assets per share | |||||||||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | ||||||||
| Millions of yen | Millions of yen | % | Yen | |||||||||||||
| FY 2023 | 832,468 | 195,566 | 23.5 | 340.62 | ||||||||||||
| FY 2022 | 780,850 | 309,968 | 39.7 | 539.87 |
(Reference) Equity capital: FY 2023: ¥195,566 million FY 2022: ¥309,968 million
<Reasons for the difference in non-consolidated results from the previous fiscal year>
In FY2023, our company saw operating loss worsening, due to the skyrocketing prices of materials in addition to the impact of the suspension of shipment caused by the misconduct of our company. In non-consolidated financial results, we posted ¥32,031 million as the provision of allowance for doubtful accounts accompanying the loans receivable from consolidated subsidiaries in the section of non-operating expenses, so ordinary loss worsened. For details, please refer to “3 Consolidated Financial Statements and Major Notes (5) Notes to Consolidated Financial Statements (Additional Information)” on page 14 of the attachment.
| * | Summary of financial results is out of scope of audit by Certified Public Accountants or Audit companies.<br> |
|---|---|
| * | Statement regarding the proper use of financial forecasts and other remarks |
| --- | --- |
Descriptions regarding the future, including the financial projections contained in this report, are based on certain assumptions currently available to the Company, which are, at the discretion of the Company, deemed reasonable, and the Company gives no guarantees that it will achieve these results. In addition, actual financial results may significantly vary due to various factors.