Toyota Motor (TM) 20-F24 Jun 202020 FY Annual report (foreign)Financial data

Company Profile

Cover Page

Cover Page	12 Months Ended
Cover Page	Mar. 31, 2020shares
Document Type	20-F
Amendment Flag	false
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Entity Registrant Name	TOYOTA MOTOR CORP/
Entity Central Index Key	0001094517
Current Fiscal Year End Date	--03-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	2,766,152,532
Entity Voluntary Filers	No
Entity Shell Company	false
Entity Emerging Growth Company	false
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Document Shell Company Report	false
Entity File Number	001-14948
Entity Incorporation, State or Country Code	M0
Entity Address, Address Line One	1 Toyota-cho
Entity Address, City or Town	Toyota City
Entity Address, Country	JP
Entity Address, Postal Zip Code	471-8571
Document Accounting Standard	U.S. GAAP
American Depositary Shares [Member]
Trading Symbol	TM
Title of 12(b) Security	American Depositary Shares
Security Exchange Name	NYSE
Common Stock [Member]
Title of 12(b) Security	Common Stock
Security Exchange Name	NONE
No Trading Symbol Flag	true
Business Contact [Member]
Entity Address, Address Line One	Toyota-cho
Entity Address, City or Town	Toyota City
Entity Address, Country	JP
Entity Address, Postal Zip Code	471-8571
Contact Personnel Name	Nobukazu Takano
City Area Code	565
Local Phone Number	28-2121

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - JPY (¥) ¥ in Millions		Mar. 31, 2020	Mar. 31, 2019
Current assets
Cash and cash equivalents		¥ 4,190,518	¥ 3,574,704
Time deposits		828,220	1,126,352
Marketable securities	[1]	678,731	1,127,160
Trade accounts and notes receivable, less allowance for doubtful accounts of ¥16,370 million in 2019 and ¥23,944 million in 2020		2,094,894	2,372,734
Finance receivables, net		6,614,171	6,647,771
Other receivables		564,854	568,156
Inventories		2,434,918	2,656,396
Prepaid expenses and other current assets		1,236,225	805,964
Total current assets		18,642,531	18,879,237
Noncurrent finance receivables, net		10,423,858	10,281,118
Investments and other assets
Marketable securities and other securities investments	[1]	7,348,651	7,479,926
Affiliated companies		4,123,453	3,313,723
Employees receivables		21,484	21,683
Other		1,518,934	1,275,768
Total investments and other assets		13,012,522	12,091,100
Property, plant and equipment
Land		1,346,988	1,386,308
Buildings		4,730,783	4,802,175
Machinery and equipment		11,939,121	11,857,425
Vehicles and equipment on operating leases		5,929,233	6,139,163
Construction in progress		510,963	651,713
Total property, plant and equipment, at cost		24,457,088	24,836,784
Less - Accumulated depreciation		(13,855,563)	(14,151,290)
Total property, plant and equipment, net		10,601,525	10,685,494
Total assets		52,680,436	51,936,949
Current liabilities
Short-term borrowings		5,286,026	5,344,973
Current portion of long-term debt		4,574,045	4,254,260
Accounts payable		2,434,180	2,645,984
Other payables		1,020,270	1,102,802
Accrued expenses		2,926,052	3,222,446
Income taxes payable		218,117	320,998
Other current liabilities		1,443,687	1,335,475
Total current liabilities		17,902,377	18,226,938
Long-term liabilities
Long-term debt		10,692,898	10,550,945
Accrued pension and severance costs		978,626	963,406
Deferred income taxes		1,043,169	1,014,851
Other long-term liabilities		821,515	615,599
Total long-term liabilities		13,536,208	13,144,801
Total liabilities		31,438,585	31,371,739
Mezzanine equity
Model AA Class Shares, no par value,authorized: 150,000,000 shares in 2019 and 2020;issued: 47,100,000 shares in 2019 and 2020	[2]	504,169	498,073
Toyota Motor Corporation shareholders' equity
Common stock, no par value, authorized: 10,000,000,000 shares in 2019 and 2020; issued: 3,262,997,492 shares in 2019 and 2020	[2]	397,050	397,050
Additional paid-in capital		489,334	487,162
Retained earnings		23,427,613	21,987,515
Accumulated other comprehensive income (loss)		(1,166,273)	(916,650)
Treasury stock, at cost, 430,558,325 shares in 2019 and 496,844,960 shares in 2020		(3,087,106)	(2,606,925)
Total Toyota Motor Corporation shareholders' equity		20,060,618	19,348,152
Noncontrolling interests		677,064	718,985
Total shareholders' equity		20,737,682	20,067,137
Commitments and contingencies
Total liabilities, mezzanine equity and shareholders' equity		¥ 52,680,436	¥ 51,936,949

[1]	Marketable securities and Marketable securities and other securities investments for the fiscal year ended March 31, 2020 include securities loaned of ¥156,051 million and ¥2,061,295 million, respectively.
[2]	The total number of authorized shares for common stock and Model AA Class Shares is 10,000,000,000 shares.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - JPY (¥) ¥ in Millions	Mar. 31, 2020	Mar. 31, 2019
Trade accounts and notes receivable, allowance for doubtful accounts, current	¥ 23,944	¥ 16,370
Model AA Class Shares, no par value	¥ 0	¥ 0
Model AA Class Shares, authorized	150,000,000	150,000,000
Model AA Class Shares, issued	47,100,000	47,100,000
Common stock, no par value	¥ 0	¥ 0
Common stock, authorized	10,000,000,000	10,000,000,000
Common stock, issued	3,262,997,492	3,262,997,492
Treasury stock, shares	496,844,960	430,558,325
Total number of authorized shares for common stock and Model AA Class Shares	10,000,000,000	10,000,000,000
Marketable Securities [Member]
Marketable securities loaned asset	¥ 156,051
Marketable Securities And Other Securities Investment [Member]
Marketable securities loaned asset	¥ 2,061,295

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - JPY (¥) ¥ in Millions	12 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - JPY (¥) ¥ in Millions	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Net revenues
Total net revenues	¥ 29,929,992	¥ 30,225,681	¥ 29,379,510
Costs and expenses
Selling, general and administrative	2,964,759	2,976,351	3,090,495
Total costs and expenses	27,487,123	27,758,136	26,979,648
Operating income	2,442,869	2,467,545	2,399,862
Other income (expense)
Interest and dividend income	232,870	225,495	179,541
Interest expense	(32,217)	(28,078)	(27,586)
Foreign exchange gain (loss), net	(79,020)	12,400	22,664
Unrealized gains (losses) on equity securities	(24,600)	(341,054)
Other income (loss), net	14,705	(50,843)	45,948
Total other income (expense)	111,738	(182,080)	220,567
Income before income taxes and equity in earnings of affiliated companies	2,554,607	2,285,465	2,620,429
Provision for income taxes	683,430	659,944	504,406
Equity in earnings of affiliated companies	271,152	360,066	470,083
Net income	2,142,329	1,985,587	2,586,106
Less - Net income attributable to noncontrolling interests	(66,146)	(102,714)	(92,123)
Net income attributable to Toyota Motor Corporation	¥ 2,076,183	¥ 1,882,873	¥ 2,493,983
Net income attributable to Toyota Motor Corporation per common share
- Basic	¥ 735.61	¥ 650.55	¥ 842
- Diluted	¥ 729.50	¥ 645.11	¥ 832.78
Product [Member]
Net revenues
Total net revenues	¥ 27,759,749	¥ 28,105,338	¥ 27,420,276
Costs and expenses
Cost of goods and services sold	23,142,744	23,389,495	22,600,474
Financial Service [Member]
Net revenues
Total net revenues	2,170,243	2,120,343	1,959,234
Costs and expenses
Cost of goods and services sold	¥ 1,379,620	¥ 1,392,290	¥ 1,288,679

CONSOLIDATED STATEMENTS OF IN_2

CONSOLIDATED STATEMENTS OF INCOME (Parenthetical) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Net income attributable to common shareholders	¥ 2,058,899	¥ 1,868,085	¥ 2,481,692
Dividend and accretion to Model AA Class Shares	¥ 17,284	¥ 14,788	¥ 12,291

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Net income	¥ 2,142,329	¥ 1,985,587	¥ 2,586,106
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	(333,854)	27,016	(120,606)
Unrealized gains (losses) on securities	118,363	(21,165)	(94,559)
Pension liability adjustments	(60,196)	(54,836)	22,315
Other comprehensive income (loss), net of tax	(275,687)	(48,985)	(192,850)
Total comprehensive income	1,866,642	1,936,602	2,393,256
Less - Comprehensive income attributable to noncontrolling interests	(45,878)	(96,458)	(93,096)
Comprehensive income attributable to Toyota Motor Corporation	¥ 1,820,764	¥ 1,840,144	¥ 2,300,160

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - JPY (¥) ¥ in Millions	Total	Common stock	Additional paid-in capital	Retained earnings	Accumulated other comprehensive income (loss)	Treasury stock, at cost	Total Toyota Motor Corporation shareholders' equity	Noncontrolling interests
Balances at Mar. 31, 2017	¥ 18,183,076	¥ 397,050	¥ 484,013	¥ 17,601,070	¥ 640,922	¥ (1,608,243)	¥ 17,514,812	¥ 668,264
Equity transaction with noncontrolling interests and other	(1,659)		1,817	11,400	(11,400)		1,817	(3,476)
Comprehensive income
Net income	2,586,106			2,493,983			2,493,983	92,123
Other comprehensive income (loss)
Foreign currency translation adjustments	(120,606)				(118,977)		(118,977)	(1,629)
Unrealized gains (losses) on securities	(94,559)				(96,581)		(96,581)	2,022
Pension liability adjustments	22,315				21,735		21,735	580
Total comprehensive income	2,393,256						2,300,160	93,096
Accretion to Mezzanine equity	(4,849)			(4,849)			(4,849)
Dividends to Toyota Motor Corporation class shareholders	(7,442)			(7,442)			(7,442)
Dividends paid to Toyota Motor Corporation common shareholders	(620,698)			(620,698)			(620,698)
Dividends paid to noncontrolling interests	(63,764)							(63,764)
Repurchase of treasury stock	(500,177)					(500,177)	(500,177)
Reissuance of treasury stock	52,359		1,672			50,687	52,359
Balances at Mar. 31, 2018	19,430,102	397,050	487,502	19,473,464	435,699	(2,057,733)	18,735,982	694,120
Cumulative effect of accounting changes	(27,538)			1,282,082	(1,309,620)		(27,538)
Equity transaction with noncontrolling interests and other	(2,121)		105				105	(2,226)
Comprehensive income
Net income	1,985,587			1,882,873			1,882,873	102,714
Other comprehensive income (loss)
Foreign currency translation adjustments	27,016				29,448		29,448	(2,432)
Unrealized gains (losses) on securities	(21,165)				(21,111)		(21,111)	(54)
Pension liability adjustments	(54,836)				(51,066)		(51,066)	(3,770)
Total comprehensive income	1,936,602						1,840,144	96,458
Accretion to Mezzanine equity	(4,850)			(4,850)			(4,850)
Dividends to Toyota Motor Corporation class shareholders	(9,938)			(9,938)			(9,938)
Dividends paid to Toyota Motor Corporation common shareholders	(636,116)			(636,116)			(636,116)
Dividends paid to noncontrolling interests	(69,367)							(69,367)
Repurchase of treasury stock	(550,107)					(550,107)	(550,107)
Reissuance of treasury stock	470		(445)			915	470
Balances at Mar. 31, 2019	20,067,137	397,050	487,162	21,987,515	(916,650)	(2,606,925)	19,348,152	718,985
Equity transaction with noncontrolling interests and other	(28,939)		(1,881)		5,796		3,915	(32,854)
Comprehensive income
Net income	2,142,329			2,076,183			2,076,183	66,146
Other comprehensive income (loss)
Foreign currency translation adjustments	(333,854)				(313,186)		(313,186)	(20,668)
Unrealized gains (losses) on securities	118,363				118,403		118,403	(40)
Pension liability adjustments	(60,196)				(60,636)		(60,636)	440
Total comprehensive income	1,866,642						1,820,764	45,878
Accretion to Mezzanine equity	(4,850)			(4,850)			(4,850)
Dividends to Toyota Motor Corporation class shareholders	(12,434)			(12,434)			(12,434)
Dividends paid to Toyota Motor Corporation common shareholders	(618,801)			(618,801)			(618,801)
Dividends paid to noncontrolling interests	(54,945)							(54,945)
Repurchase of treasury stock	(500,309)					(500,309)	(500,309)
Reissuance of treasury stock	24,181		4,053			20,128	24,181
Balances at Mar. 31, 2020	¥ 20,737,682	¥ 397,050	¥ 489,334	¥ 23,427,613	¥ (1,166,273)	¥ (3,087,106)	¥ 20,060,618	¥ 677,064

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities
Net income	¥ 2,142,329	¥ 1,985,587	¥ 2,586,106
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation	1,605,383	1,792,375	1,734,033
Provision (reversal) for doubtful accounts and credit losses	142,982	80,065	76,069
Pension and severance costs, less payments	15,699	31,645	4,286
Losses on disposal of fixed assets	56,913	35,902	35,289
Unrealized losses (gains) on securities	20,082	339,472	846
Deferred income taxes	192,147	(86,594)	(237,961)
Equity in earnings of affiliated companies	(271,152)	(360,066)	(470,083)
Changes in operating assets and liabilities, and other
(Increase) decrease in accounts and notes receivable	248,895	(246,845)	(105,435)
Increase in inventories	(114,096)	(166,902)	(171,148)
Increase in other current assets	(447,598)	(102,472)	(149,463)
Increase (decrease) in accounts payable	(76,410)	94,887	46,648
Increase (decrease) in accrued income taxes	(101,739)	(141,329)	238,753
Increase in other current liabilities	40,402	351,122	211,452
Other	136,806	159,750	423,736
Net cash provided by operating activities	3,590,643	3,766,597	4,223,128
Cash flows from investing activities
Additions to finance receivables	(16,896,588)	(15,884,610)	(15,058,516)
Collection of finance receivables	15,641,681	14,834,709	14,013,204
Proceeds from sales of finance receivables	25,781	24,394	33,108
Additions to fixed assets excluding equipment leased to others	(1,407,832)	(1,452,725)	(1,291,117)
Additions to equipment leased to others	(2,187,299)	(2,286,162)	(2,307,590)
Proceeds from sales of fixed assets excluding equipment leased to others	48,751	65,437	71,820
Proceeds from sales of equipment leased to others	1,391,215	1,385,074	1,211,272
Purchases of marketable securities and security investments	(2,413,087)	(1,840,355)	(3,052,916)
Proceeds from sales of marketable securities and security investments	1,146,444	1,134,127	275,574
Proceeds upon maturity of marketable securities and security investments	1,223,962	1,564,671	2,247,964
Payment for additional investments in affiliated companies, net of cash acquired	(14,763)	5,010	(576)
Changes in investments and other assets, and other	290,874	(246,811)	197,681
Net cash used in investing activities	(3,150,861)	(2,697,241)	(3,660,092)
Cash flows from financing activities
Proceeds from issuance of long-term debt	5,691,499	5,000,921	4,793,939
Payments of long-term debt	(4,424,923)	(4,442,232)	(4,452,338)
Increase in short-term borrowings	291,623	164,282	347,738
Dividends paid to Toyota Motor Corporation class shareholders	(11,186)	(8,690)	(6,194)
Dividends paid to Toyota Motor Corporation common shareholders	(618,801)	(636,116)	(620,698)
Dividends paid to noncontrolling interests	(54,945)	(69,367)	(63,764)
Reissuance (repurchase) of treasury stock	(476,129)	(549,637)	(447,818)
Net cash provided by (used in) financing activities	397,138	(540,839)	(449,135)
Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents	(131,245)	(41,641)	(43,588)
Net increase in cash and cash equivalents and restricted cash and cash equivalents	705,675	486,876	70,313
Cash and cash equivalents and restricted cash and cash equivalents at beginning of year	3,706,515	3,219,639	3,149,326
Cash and cash equivalents and restricted cash and cash equivalents at end of year	¥ 4,412,190	¥ 3,706,515	¥ 3,219,639

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - JPY (¥) ¥ in Millions	Mar. 31, 2020	Mar. 31, 2019
Prepaid expenses and Other current assets
Restricted cash and cash equivalents	¥ 221,672	¥ 131,811

Nature of operations

Nature of operations	12 Months Ended
Nature of operations	Mar. 31, 2020
Nature of operations	1. Nature of operations: Toyota and its affiliated companies are primarily engaged in the design, manufacture, and sale of sedans, minivans, compact cars, sport-utility vehicles, trucks and related parts and accessories throughout the world. In addition, Toyota and its affiliated companies provide financing, vehicle leasing and certain other financial services primarily to its dealers and their customers to support the sales of vehicles and other products manufactured by Toyota and its affiliated companies.

Summary of significant accounti

Summary of significant accounting policies	12 Months Ended
Summary of significant accounting policies	Mar. 31, 2020
Summary of significant accounting policies	2. Summary of significant accounting policies: The parent company and its subsidiaries in Japan and its foreign subsidiaries maintain their records and prepare their financial statements in accordance with Japanese generally accepted accounting principles and those of their countries of domicile. Certain adjustments and reclassifications have been incorporated in the accompanying consolidated financial statements to conform to U.S.GAAP. Significant accounting policies after reflecting adjustments for the above are as follows: Basis of consolidation and accounting for investments in affiliated companies - The consolidated financial statements include the accounts of the parent company, its majority-owned subsidiary companies and variable interest entities of which Toyota is the primary beneficiary. All significant intercompany transactions and accounts have been eliminated. Investments in affiliated companies in which Toyota exercises significant influence, but which it does not control, are stated at cost plus equity in undistributed earnings. Consolidated net income includes Toyota’s equity in current earnings of such companies, after elimination of unrealized intercompany profits. Investments in such companies are reduced to fair value if a decline in market value is determined other-than-temporary. Estimates - The preparation of Toyota’s consolidated financial statements in conformity with U.S.GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. The more significant estimates include: product warranties, liabilities accrued for recalls and other safety measures, allowance for doubtful accounts and credit losses, residual values for leased assets, impairment of long-lived assets, pension costs and obligations, fair value of derivative financial instruments, other-than-temporary losses on debt securities, litigation liabilities and valuation allowance for deferred tax assets. Translation of foreign currencies - All asset and liability accounts of foreign subsidiaries and affiliated companies are translated into Japanese yen at appropriate year-end Foreign currency receivables and payables are translated at appropriate year-end Revenue recognition - In the automotive operations, performance obligations are considered to be satisfied when completed vehicles and parts are delivered to the agreed locations with dealers. For parts for overseas production, it is when they are loaded on a ship to foreign manufacturing companies. We do not have any material significant payment terms as payment is received at or shortly after the point of sale. Toyota’s sales incentive programs principally consist of cash payments to dealers calculated based on vehicle volume or a model sold by a dealer during a certain period of time. Toyota accrues these incentives as revenue reductions upon the sale of a vehicle corresponding to the program by the amount determined in the related incentive program utilizing the most likely outcome method. The sale of certain vehicles includes a contractual right, which entitles customers to free vehicle maintenance. We use an observable price to determine the stand-alone selling price for separate performance obligations or a cost plus margin approach when one is not available. Such revenues from free maintenance contracts are deferred and recognized as revenue over the period of the contract in proportion to the costs expected to be incurred in satisfying the obligations under the contract. Revenues from the sales of vehicles under which Toyota conditionally guarantees the minimum resale value are recognized on a pro rata basis from the date of sale to the first exercise date of the guarantee in accordance with lease accounting. The underlying vehicles of these transactions are recorded as assets and are depreciated in accordance with Toyota’s depreciation policy. We have elected to recognize the cost of transport service activities after the customer gains control as expenses at the time that control of products transfers. Revenues from retail financing contracts and finance leases are recognized using the effective yield method. Revenues from operating leases are recognized on a straight-line basis over the lease term. All other operations business of Toyota includes the design, manufacture and sales of housing. Certain revenues from the housing business, such as those of ordered housing are recognized only to the extent of the costs incurred until such time that it can reasonably measure the outcome of the performance obligation. If the period between satisfaction of the performance obligation and receipt of consideration is expected to be within one year or less, as a practical expedient, we do not adjust the promised amount of consideration for the effects of a significant financing component. Revenue is recognized net of any taxes collected from customers and subsequently remitted to governmental authorities. Other costs - Advertising and sales promotion costs are expensed as incurred. Advertising costs were ¥509,653 million, ¥490,093 million and ¥470,849 million for the years ended March 31, 2018, 2019 and 2020, respectively. Toyota generally warrants its products against certain manufacturing and other defects. Provisions for product warranties are provided for specific periods of time and/or usage of the product and vary depending upon the nature of the product, the geographic location of the sale and other factors. Toyota records a provision for estimated product warranty costs at the time the related sale is recognized based on estimates that Toyota will incur to repair or replace product parts that fail while under warranty. The amount of accrued estimated warranty costs is primarily based on historical experience as to product failures as well as current information on repair costs. The amount of warranty costs accrued also contains an estimate of warranty claim recoveries to be received from suppliers. In addition to product warranties above, Toyota accrues for costs of recalls and other safety measures based on management’s estimates when it is probable a liability has been incurred and the amount of loss can be reasonably estimated. Toyota mainly employs an estimation model, to accrue at the time of vehicle sale, an amount that represents management’s best estimate of expenses related to future recalls and other safety measures. The estimation model for recalls and other safety measures takes into account Toyota’s historical experience of recalls and other safety measures. Litigation liabilities are established to cover probable losses on various lawsuits based on the information currently available. Attorneys’ fees are expensed as incurred. Research and development costs are expensed as incurred. Research and development costs were ¥1,064,269 million, ¥1,048,882 million and ¥1,110,369 million for the years ended March 31, 2018, 2019 and 2020, respectively. Restricted cash and cash equivalents- Cash and cash equivalents include all highly liquid investments with original maturities of three months or less, that are readily convertible to known amounts of cash and are so near maturity that they present insignificant risk of changes in value because of changes in interest rates. Marketable securities and other securities investments - Marketable securities and other securities investments consist of debt and equity securities. Debt securities designated as available-for-sale available-for-sale Changes in fair value on equity securities with readily determinable fair values are recognized in net income. Equity securities without readily determinable fair values are measured at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. Finance receivables - Finance receivables recorded on Toyota’s consolidated balance sheets are comprised of the unpaid principal balance, plus accrued interest, less charge-offs, net of any unearned income and deferred origination costs and the allowance for credit losses. Deferred origination costs are amortized so as to approximate a level rate of return over the term of the related contracts. The determination of portfolio segments is based primarily on the qualitative consideration of the nature of Toyota’s business operations and finance receivables. The three portfolio segments within finance receivables are as follows: Retail receivables portfolio segment - The retail receivables portfolio segment consists of retail installment sales contracts acquired mainly from dealers (“auto loans”) including credit card loans. These contracts acquired must first meet specified credit standards. Thereafter, Toyota retains responsibility for contract collection and administration. The contract periods of auto loans primarily range from 2 to 7 years. Toyota acquires security interests in the vehicles financed and has the right to repossess vehicles if customers fail to meet their contractual obligations. Almost all auto loans are non-recourse, Toyota classifies retail receivables portfolio segment into one class based on common risk characteristics associated with the underlying finance receivables, the similarity of the credit risks, and the quantitative materiality. Finance lease receivables portfolio segment - Toyota acquires new vehicle lease contracts originated primarily through dealers. The contract periods of these primarily range from 2 to 5 years. Lease contracts acquired must first meet specified credit standards after which Toyota assumes ownership of the leased vehicle. Toyota is responsible for contract collection and administration during the lease period. Toyota is generally permitted to take possession of the vehicle upon a default by the lessee. The residual value is estimated at the time the vehicle is first leased. Vehicles returned to Toyota at the end of their leases are sold by auction. Toyota classifies finance lease receivables portfolio segment into one class based on common risk characteristics associated with the underlying finance receivables and the similarity of the credit risks Wholesale and other dealer loan receivables portfolio segment - Toyota provides wholesale financing to qualified dealers to finance inventories. Toyota acquires security interests in vehicles financed at wholesale. In cases where additional security interests would be required, Toyota takes dealership assets or personal assets, or both, as additional security. If a dealer defaults, Toyota has the right to liquidate any assets acquired and seek legal remedies. Toyota also makes term loans to dealers for business acquisitions, facilities refurbishment, real estate purchases and working capital requirements. These loans are typically secured with liens on real estate, other dealership assets and/or personal assets of the dealers. Toyota classifies wholesale and other dealer loan receivables portfolio segment into three classes of wholesale, real estate and working capital, based on the risk characteristics associated with the underlying finance receivables. A receivable account balance is considered impaired when, based on current information and events, it is probable that Toyota will be unable to collect all amounts due according to the terms of the contract. Factors such as payment history, compliance with terms and conditions of the underlying loan agreement and other subjective factors related to the financial stability of the borrower are considered when determining whether a loan is impaired. Impaired finance receivables include certain nonaccrual receivables for which a specific reserve has been assessed. An account modified as a troubled debt restructuring is considered to be impaired. A troubled debt restructuring occurs when an account is modified through a concession to a borrower experiencing financial difficulty. All classes of wholesale and other dealer loan receivables portfolio segment are placed on nonaccrual status when full payment of principal or interest is in doubt, or when principal or interest is 90 days or more contractually past due, whichever occurs first. Collateral dependent loans are placed on nonaccrual status if collateral is insufficient to cover principal and interest. Interest accrued but not collected at the date a receivable is placed on nonaccrual status is reversed against interest income. In addition, the amortization of net deferred fees is suspended. Interest income on nonaccrual receivables is recognized only to the extent it is received in cash. Accounts are restored to accrual status only when interest and principal payments are brought current and future payments are reasonably assured. Receivable balances are written-off written-off As of March 31, 2019 and 2020, finance receivables on nonaccrual status are as follows: Yen in millions March 31, Retail 9,401 10,434 Finance leases 2,431 3,300 Wholesale 18,217 13,023 Real estate 18,281 10,703 Working capital — 7,712 48,330 45,172 As of March 31, 2019 and 2020, finance receivables 90 days or more past due and accruing are as follows: Yen in millions March 31, Retail 28,438 37,709 Finance leases 3,821 5,161 32,259 42,870 Allowance for credit losses - Allowance for credit losses is established to cover probable losses on finance receivables and vehicles and equipment on operating leases, resulting from the inability of customers to make required payments. Provision for credit losses is included in selling, general and administrative expenses. The allowance for credit losses is based on a systematic, ongoing review and evaluation performed as part of the credit-risk evaluation process, historical loss experience, the size and composition of the portfolios, current economic events and conditions, the estimated fair value and adequacy of collateral and other pertinent factors. Vehicles and equipment on operating leases are not within the scope of accounting guidance governing the disclosure of portfolio segments. Retail receivables portfolio segment - Toyota calculates allowance for credit losses to cover probable losses on retail receivables by applying reserve rates to such receivables. Reserve rates are calculated mainly by historical loss experience, current economic events and conditions and other pertinent factors. Finance lease receivables portfolio segment - Toyota calculates allowance for credit losses to cover probable losses on finance lease receivables by applying reserve rates to such receivables. Reserve rates are calculated mainly by historical loss experience, current economic events and conditions and other pertinent factors such as used car markets. Wholesale and other dealer loan receivables portfolio segment - Toyota calculates allowance for credit losses to cover probable losses on wholesale and other dealer loan receivables by applying reserve rates to such receivables. Reserve rates are calculated mainly by financial conditions of the dealers, terms of collateral setting, current economic events and conditions and other pertinent factors. Toyota establishes specific reserves to cover the estimated losses on individually impaired receivables within the wholesale and other dealer loan receivables portfolio segment. Specific reserves on impaired receivables are determined by the present value of expected future cash flows or the fair value of collateral when it is probable that such receivables will be unable to be fully collected. The fair value of the underlying collateral is used if the receivable is collateral-dependent. The receivable is determined collateral-dependent if the repayment of the loan is expected to be provided by the underlying collateral. For the receivables in which the fair value of the underlying collateral was in excess of the outstanding balance, no allowance was provided. Troubled debt restructurings in the retail receivables and finance lease receivables portfolio segments are specifically identified as impaired and aggregated with their respective portfolio segments when determining the allowance for credit losses. Impaired loans in the retail receivables and finance lease receivables portfolio segments are insignificant for individual evaluation and Toyota has determined that allowance for credit losses for each of the retail receivables and finance lease receivables portfolio segments would not be materially different if they had been individually evaluated for impairment. Specific reserves on impaired receivables within the wholesale and other dealer loan receivables portfolio segment are recorded by an increase to the allowance for credit losses based on the related measurement of impairment. Related collateral, if recoverable, is repossessed and sold and the account balance is written-off. Any shortfall between proceeds received and the carrying cost of repossessed collateral is charged to the allowance. Recoveries are reversed from the allowance for credit losses. Allowance for residual value losses - Toyota is exposed to risk of loss on the disposition of off-lease The allowance for residual value losses is maintained in amounts considered by Toyota to be appropriate in relation to the estimated losses on its owned portfolio. Upon disposal of the assets, the allowance for residual losses is adjusted for the difference between the net book value and the proceeds from sale. Inventories - Inventories are valued at cost, not in excess of net realizable value, cost being determined on the “average-cost” basis, except for the cost of finished products carried by certain subsidiary companies which is determined on the “specific identification” basis or “last-in, first-out” “first-in, first-out” Property, plant and equipment - Property, plant and equipment are stated at cost. Major renewals and improvements are capitalized; minor replacements, maintenance and repairs are charged to current operations. Depreciation of property, plant and equipment is computed on the straight-line method Vehicles and equipment on operating leases to third parties are originated by dealers and acquired by certain consolidated subsidiaries. Such subsidiaries are also the lessors of certain property that they acquire directly. Vehicles and equipment on operating leases are depreciated primarily on a straight-line method over the lease term, generally from 2 to 5 years, to the estimated residual value. Incremental direct costs incurred in connection with the acquisition of operating lease contracts are capitalized and amortized on a straight-line method over the lease term. Leases - At the inception of a contract Toyota assesses whether the contract is, or contains, a lease. Lessee - Toyota recognizes a right of use asset and a lease liability at the lease commencement date, for finance leases and operating leases. After the commencement date for finance leases, Toyota applies a cost model and subsequently depreciates the right of use asset using the straight-line method from the commencement date to the earlier of the end of the useful life of the right of use asset or the end of the lease term. Operating lease expenses are recognized on a straight-line basis over the lease term after the commencement date. Lease liabilities are measured at amortized cost using the effective interest method. Toyota uses its incremental borrowing rate as of the commencement date as a discount rate to measure lease liabilities. Many lease contracts relating to land and buildings entered by Toyota include extension options that can be exercisable by Toyota for various purposes such as to ensure the business flexibility. Toyota assesses whether it is reasonably certain to exercise an extension option, and if it assesses it to be reasonably certain, the extension option is included in the lease term. Toyota recognizes lease payments associated with lease terms of 12 months or less as an expense on a straight-line basis over the lease term. Lessor - With respect to lessor lease transactions, Toyota determines at the commencement of the lease whether each lease is a finance lease or operating lease. A lease is classified as a finance lease if it transfers substantially all of the risks and rewards incidental to the ownership of an underlying asset. Otherwise leases are classified as operating leases. Toyota recognizes the operating lease payments in profit or loss on a straight-line basis over the lease term. Long-lived assets - Toyota reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset group may not be recoverable. An impairment loss would be recognized when the carrying amount of an asset group exceeds the estimated undiscounted cash flows expected to result from the use of the asset and its eventual disposition. The amount of the impairment loss to be recorded is calculated by the excess of the carrying value of the asset group over its fair value. Fair value is determined mainly using a discounted cash flow valuation method. Goodwill and intangible assets - Goodwill is not material to Toyota’s consolidated balance sheets. Intangible assets consist mainly of software. Intangible assets with a definite life are amortized on a straight-line basis with estimated useful lives mainly of 5 years. Intangible assets with an indefinite life are tested for impairment whenever events or circumstances indicate that a carrying amount of an asset (asset group) may not be recoverable. An impairment loss would be recognized when the carrying amount of an asset exceeds the estimated undiscounted cash flows used in determining the fair value of the asset. The amount of the impairment loss to be recorded is generally determined by the difference between the fair value of the asset using a discounted cash flow valuation method and the current book value. Employee benefit obligations - Toyota has both defined benefit and defined contribution plans for employees’ retirement benefits. Retirement benefit obligations are measured by actuarial calculations in accordance with U.S.GAAP. The funded status of the defined benefit postretirement plans is recognized on the consolidated balance sheets as prepaid pension and severance costs or accrued pension and severance costs, and the funded status change is recognized in the year in which it occurs through other comprehensive income. Environmental matters - Environmental expenditures relating to current operations are expensed or capitalized as appropriate. Expenditures relating to existing conditions caused by past operations, which do not contribute to current or future revenues, are expensed. Liabilities for remediation costs are recorded when they are probable and reasonably estimable, generally no later than the completion of feasibility studies or Toyota’s commitment to a plan of action. The cost of each environmental liability is estimated by using current technology available and various engineering, financial and legal specialists within Toyota based on current law. Such liabilities do not reflect any offset for possible recoveries from insurance companies and are not discounted. There were no material changes in these liabilities for all periods presented. Income taxes - The provision for income taxes is computed based on the pretax income included in the consolidated statements of income. The asset and liability approach is used to recognize deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. Valuation allowances are recorded to reduce deferred tax assets when it is more likely than not that a tax benefit will not be realized. Derivative financial instruments - Toyota employs derivative financial instruments, including forward foreign currency exchange contracts, foreign currency options, interest rate swaps, interest rate currency swap agreements and interest rate options to manage its exposure to fluctuations in interest rates and foreign currency exchange rates. All derivative financial instruments are recorded on the consolidated balance sheets at fair value, taking into consideration the effects of legally enforceable master netting agreements that allow us to net settle positive and negative positions and offset cash collateral held with the same counterparty on a net basis. Toyota does not use derivatives for speculation or trading purposes. Changes in the fair value of derivatives are recorded each period in current earnings or through other comprehensive income, depending on whether a derivative is designated as part of a hedge transaction and the type of hedge transaction. Net income attributable to Toyota Motor Corporation per common share - Basic net income attributable to Toyota Motor Corporation per common share is calculated by dividing net income attributable to common shareholders by the weighted-average number of common shares outstanding during the reported period. The calculation of diluted net income attributable to Toyota Motor Corporation per common share is done by adjusting net income attributable to common shareholders and the weighted-average number of common shares outstanding, which includes the additional dilution from the assumed conversion of model AA class shares and the assumed exercise of dilutive stock options. Stock-based compensation - Toyota measures compensation expense for its stock-based compensation plan based on the grant-date fair value of the award, and accounts for the award. Other comprehensive income - Other comprehensive income refers to revenues, expenses, gains and losses that, under U.S.GAAP are included in comprehensive income, but are excluded from net income as these amounts are recorded directly as an adjustment to shareholders’ equity. Toyota’s other comprehensive income is primarily comprised of unrealized gains/losses on marketable securities designated as available-for-sale, Accounting changes - Adoption of new accounting standard - In February 2016, the Financial Accounting Standards Board (“FASB”) issued updated guidance for leases. This guidance requires lessees to recognize substantially all leases on their balance sheet as a right and a lease liability. Toyota adopted this guidance on April 1, 2019 using the modified retrospective method of adoption and elected the transition method that allows for application of the standard at the adoption date. Additionally, Toyota elected the package of practical expedients of not reassessing lease classifications and others for lease contracts that expired or exist as of the adoption date. As a result of adoption, Toyota recognized an additional balance of ¥277,118 million as right In August 2017, the FASB issued updated guidance for hedge accounting. This guidance simplifies and expands the application of hedge accounting. Toyota adopted this guidance on April 1, 2019. The adoption of this guidance did not have a material impact on Toyota’s consolidated financial statements. Change in depreciation method - Toyota used the declining-balance method mainly for the parent company and Japanese subsidiaries, and the straight-line method for foreign subsidiary companies, regarding the depreciation method of property, plant and equipment. In recent years, Toyota has been strengthening competitiveness globally through the investments in areas such as the remodeling of cars by introducing a new platform and powertrain units, the improvement of technological capabilities and productivity, as well as the promotion of equipment versatility. In response to such recent changes, effective as of April 1, 2019, Toyota changed the depreciation method of the parent company and Japanese subsidiaries to the straight-line method because Toyota believes it better reflects the future economic benefit from the stable usage of property, plant and equipment. The impact of the change in depreciation method is recognized prospectively as a change in accounting estimate in accordance with the FASB Accounting Standards Codification (ASC) 250 “Accounting Changes and Error Corrections”. As a result of the change in depreciation method, depreciation expense for the fiscal year ended March 31, 2020 decreased by ¥ 173,201 million. Net income attributable to Toyota Motor Corporation and basic net income attributable to Toyota Motor Corporation per common share for the fiscal year ended March 31, 2020 increased by ¥ 117,001 million and ¥ 41.80 , Recent pronouncements to be adopted in future periods - Toyota intends to replace the currently applied U.S.GAAP and voluntarily adopt IFRS for its consolidated financial statements in order to improve the international comparability of its financial information in the capital markets, among other reasons. The period for disclosure based on IFRS will begin with the first quarter of the fiscal year ending March 31, 2021. As a result, recent pronouncements to be adopted in future period s Reclassifications - Certain prior year amounts have been reclassified to conform to the presentations as of and for the year ended March 31, 2020.

Supplemental cash flow informat

Supplemental cash flow information	12 Months Ended
Supplemental cash flow information	Mar. 31, 2020
Supplemental cash flow information	3. Supplemental cash flow information: Cash payments for income taxes were ¥500,214 million, ¥836,619 million and ¥752,205 million for the years ended March 31, 2018, 2019 and 2020, respectively. Interest payments during the years ended March 31, 2018, 2019 and 2020 were ¥422,720 million, ¥507,812 million and ¥529,555 million, respectively. Finance lease obligations of and were incurred for the years ended March 31, 2018 and 2019, respectively. See note 23 to the consolidated financial statements for finance lease obligations for the year ended March 31, 2020.

Acquisitions and dispositions

Acquisitions and dispositions	12 Months Ended
Acquisitions and dispositions	Mar. 31, 2020
Acquisitions and dispositions	4. Acquisitions and dispositions: The parent company and Panasonic established a new joint venture, Prime Life Technologies, related to a town development business. Prime Life Technologies became Toyota’s affiliated company, and THC as well as Misawa Homes became subsidiaries of Prime Life Technologies, causing THC and Misawa Homes to no longer be the parent company’s consolidated subsidiary companies. Specifically, at the meeting of the Board of Directors held on May 9, 2019, the parent company resolved to conclude contracts aimed toward the establishment of Prime Life Technologies with Panasonic. On January 7, 2020, THC and Misawa Homes, each a subsidiary of Toyota, completed a share exchange in which THC became the wholly owning parent company and Misawa Homes became the wholly owned subsidiary company, pursuant to a share exchange agreement that was approved at the general meeting of shareholders of Misawa Homes on November 26, 2019. Also effective January 7, 2020, and pursuant to the share transfer plan that was approved at the general meeting of shareholders of THC on December 19, 2019, Toyota transferred all of the shares of THC common stock to Prime Life Technologies, causing it to become the wholly owning parent company of THC. THC then distributed all issued shares of Misawa Homes to Prime Life Technologies as a dividend of surplus, as approved at the general meeting of shareholders of THC on January 7, 2020, with Prime Life Technologies thereby becoming the wholly owning parent company of THC and Misawa Homes. Gains or losses realized from these transactions are not material. In addition to the above, Toyota made several acquisitions and dispositions during the years ended March 31, 2018, 2019 and 2020, however the assets and liabilities acquired or transferred were not material.

Marketable securities and other

Marketable securities and other securities investments	12 Months Ended
Marketable securities and other securities investments	Mar. 31, 2020
Marketable securities and other securities investments	5. Marketable securities and other securities investments: Marketable securities and other securities investments include public and corporate bonds and common stocks for which the aggregate cost, gross unrealized gains and losses and fair value are as follows: Yen in millions March 31, 2019 Cost Gross Gross Fair value Available-for-sale Public and corporate bonds 5,837,423 82,022 73,256 5,846,189 Other 289,285 5,406 845 293,846 Total 6,126,708 87,428 74,101 6,140,035 Securities not practicable to determine fair value Public and corporate bonds 32,922 Yen in millions March 31, 2020 Gross Gross Available-for-sale Public and corporate bonds 5,237,131 196,260 22,092 5,411,299 Other 313,014 9,651 3,416 319,249 Total 5,550,145 205,911 25,508 5,730,548 Securities not practicable to determine fair value Public and corporate bonds 36,551 Public and corporate bonds include government bonds, and “Other” includes investment trusts. Unrealized losses continuing over a 12 month period or more in the aggregate were not material as of March 31, 2019 and 2020. As of March 31, 2019 and 2020, maturities of public and corporate bonds included in available-for-sale Proceeds from sales of available-for-sale securities was ¥248,046 million for the year ended March 31, 2018. On those sales, gross realized gains was ¥7,684 million and gross realized losses was ¥278 million. During the year ended March 31, 2018, Toyota recognized impairment losses on available-for-sale securities of ¥846 million, which was included in “Other income (loss), net” and other in the accompanying consolidated statements of income. As of March 31, 2019 and 2020, the carrying amount of equity securities with readily determinable fair values were ¥2,154,951 million and Gain and losses related to equity securities are as follows: Yen in millions For the years ended March 31, 2019 2020 Net gains (losses) recognized on equity securities (334,636 ) (3,837 ) Less: Net gains (losses) recognized on equity securities sold 4,836 16,245 Unrealized gains (losses) on equity securities (339,472 ) (20,082 ) Toyota did not recognize any material impairment or other adjustments on equity securities without readily determinable fair values for the years ended March 31, 2019 and 2020. As of March 31, 2019 and 2020, the carrying amount of equity securities without readily determinable fair values were ¥279,178 and ¥364,593 million, respectively.

Finance receivables

Finance receivables	12 Months Ended
Finance receivables	Mar. 31, 2020
Finance receivables	6. Finance receivables: Finance receivables consist of the following: Yen in millions March 31, 2019 Retail 12,768,305 12,795,076 Finance leases 1,636,536 1,691,371 Wholesale and other dealer loans 3,489,757 3,479,613 17,894,598 17,966,060 Deferred origination costs 204,304 221,200 Unearned income (986,928 ) (919,053 ) Allowance for credit losses Retail (117,594 ) (151,490 ) Finance leases (26,483 ) (30,899 ) Wholesale and other dealer loans (39,008 ) (47,789 ) Total allowance for credit losses (183,085 ) (230,178 ) Total finance receivables, net 16,928,889 17,038,029 Less - Current portion (6,647,771 ) (6,614,171 ) Noncurrent finance receivables, net 10,281,118 10,423,858 Finance receivables were geographically distributed as follows: in North America 55.2%, in Asia 13.0%, in Europe 12.3%, in Japan 8.2% and in Other 11.3% as of March 31, 2019, and in North America 55.8%, in Asia 13.0%, in Europe 12.6%, in Japan 8.8% and in Other 9.8% as of March 31, 2020. The contractual maturities of retail receivables, the future minimum lease payments on finance leases and the contractual maturities of wholesale and other dealer loans at March 31, 2020 are summarized as follows: Yen in millions Years ending March 31, Retail Finance Wholesale 2021 4,027,784 446,901 2,476,011 2022 3,034,099 335,850 308,745 2023 2,476,975 247,378 197,597 2024 1,749,643 134,481 157,317 2025 964,212 48,912 107,152 Thereafter 542,363 8,801 232,791 12,795,076 Finance leases consist of the following: Yen in millions March 31, 2019 Minimum lease payments 1,158,242 1,222,323 Estimated unguaranteed residual values 478,294 469,048 1,636,536 1,691,371 Deferred origination costs 11,929 12,349 Less - Unearned income (143,838 ) (146,087 ) Less - Allowance for credit losses (26,483 ) (30,898 ) Finance leases, net 1,478,144 1,526,735 Toyota is exposed to credit risk on Toyota’s finance receivables. Credit risk is the risk of loss arising from the failure of customers or dealers to meet the terms of their contracts with Toyota or otherwise fail to perform as agreed. Toyota estimates allowance for credit losses by variety of credit-risk evaluation process to cover probable and estimable losses above. The table below shows the amount of the finance receivables segregated into aging categories based on the number of days outstanding as of March 31, 2019 and 2020: Yen in millions March 31, 2019 Retail Finance Wholesale Real estate Working Current 12,554,265 1,625,893 1,806,305 873,427 808,755 30-59 141,111 4,972 191 — — 60-89 35,090 1,396 100 — — 90 days or greater past due 37,839 4,275 393 106 480 Total 12,768,305 1,636,536 1,806,989 Yen in millions March 31, 2020 Retail Finance Wholesale Real estate Working Current 12,525,020 1,675,523 1,642,637 857,407 967,105 30-59 176,991 7,670 2,008 47 — 60-89 44,922 2,426 1,132 43 — 90 days or greater past due 48,143 5,752 9,011 196 27 Total 12,795,076 1,691,371 1,654,788 The tables below show the recorded investment for credit quality of the finance receivable within the wholesale and other dealer loan receivables portfolio segment as of March 31, 2019 and 2020: The wholesale and other dealer loan receivables portfolio segment is primarily segregated into credit qualities below based on internal risk assessments by dealers. Performing: Account not classified as either Credit Watch, At Risk or Default Credit Watch: Account designated for elevated attention At Risk: Account where there is an increased likelihood that default may exist based on qualitative and quantitative factors Default: Account is not currently meeting contractual obligations or we have temporarily waived certain contractual requirements Yen in millions March 31, 2019 Wholesale Real estate Working capital Total Performing 1,566,475 743,379 789,948 3,099,802 Credit Watch 156,740 81,848 8,610 247,198 At Risk 58,550 45,564 10,189 114,303 Default 25,224 2,742 488 28,454 Total 1,806,989 873,533 809,235 3,489,757 Yen in millions March 31, 2020 Wholesale Real estate Working capital Total Performing 1,441,320 729,474 931,420 3,102,214 Credit Watch 133,892 82,322 22,293 238,507 At Risk 54,251 37,379 13,332 104,962 Default 25,325 8,518 87 33,930 Total 1,654,788 857,693 967,132 3,479,613 The tables below summarize information about impaired finance receivables: Yen in millions Recorded investment Unpaid principal balance Individually evaluated allowance March 31, March 31, March 31, 2019 2020 2019 2020 2019 2020 Impaired account balances individually evaluated for impairment with an allowance: Wholesale 18,187 11,687 18,187 11,687 3,141 2,005 Real estate 10,545 7,948 10,545 7,948 1,280 1,003 Working capital 7,451 10,040 7,451 10,040 6,670 4,163 Total 36,183 29,675 36,183 29,675 11,091 7,171 Impaired account balances individually evaluated for impairment without an allowance: Wholesale 14,429 10,121 14,429 10,121 Real estate 16,870 16,157 16,870 16,157 Working capital 2,220 2,068 2,220 2,068 Total 33,519 28,346 33,519 28,346 Impaired account balances aggregated and evaluated for impairment: Retail 29,537 30,753 28,788 30,109 Finance leases 99 103 75 42 Total 29,636 30,856 28,863 30,151 Total impaired account balances: Retail 29,537 30,753 28,788 30,109 Finance leases 99 103 75 42 Wholesale 32,616 21,808 32,616 21,808 Real estate 27,415 24,105 27,415 24,105 Working capital 9,671 12,108 9,671 12,108 Total 99,338 88,877 98,565 88,172 The amount of finance receivables modified as a troubled debt restructuring for the year ended March 31, 2020 was not significant for all classes of finance receivables. Finance receivables modified as troubled debt restructurings for the year ended March 31, 2020 and for which there was a payment default were not significant for all classes of such receivables.

Other receivables

Other receivables	12 Months Ended
Other receivables	Mar. 31, 2020
Other receivables	7. Other receivables: Other receivables relate to arrangements with certain component manufacturers whereby Toyota procures inventory for these component manufactures and is reimbursed for the related purchases.

Inventories

Inventories	12 Months Ended
Inventories	Mar. 31, 2020
Inventories	8. Inventories: Inventories consist of the following: Yen in millions March 31, 2019 Finished goods 1,746,159 1,517,173 Raw materials 475,504 485,069 Work in process 324,921 315,139 Supplies and other 109,812 117,537 Total 2,656,396 2,434,918

Vehicles and equipment on opera

Vehicles and equipment on operating leases	12 Months Ended
Vehicles and equipment on operating leases	Mar. 31, 2020
Vehicles and equipment on operating leases	9. Vehicles and equipment on operating leases: Vehicles and equipment on operating leases consist of the following: Yen in millions March 31, 2019 Vehicles 6,383,788 6,153,695 Equipment 14,499 17,148 Less - Deferred income and other (259,124 ) (241,610 ) 6,139,163 5,929,233 Less - Accumulated depreciation (1,428,779 ) (1,374,172 ) Less - Allowance for credit losses (13,314 ) (12,171 ) Vehicles and equipment on operating leases, net 4,697,070 4,542,890 Rental income from vehicles and equipment on operating leases was ¥927,443 million, ¥959,497 million and ¥945,091 million for the years ended March 31, 2018, 2019 and 2020, respectively. Future minimum rentals from vehicles and equipment on operating leases are due in installments as follows: Years ending March 31, Yen in millions 2021 802,119 2022 531,098 2023 241,462 2024 59,415 2025 13,455 Thereafter 6,195 Total minimum future rentals 1,653,744 The future minimum rentals as shown above should not be considered indicative of future cash collections.

Allowance for doubtful accounts

Allowance for doubtful accounts and credit losses	12 Months Ended
Allowance for doubtful accounts and credit losses	Mar. 31, 2020
Allowance for doubtful accounts and credit losses	10. Allowance for doubtful accounts and credit losses: The net changes in the allowance for doubtful accounts relating to trade accounts and notes receivable for the years ended March 31, 2018, 2019 and 2020 are as follows: Yen in millions For the years ended March 31, 2018 2019 2020 Allowance for doubtful accounts at beginning of year 100,712 98,590 90,373 Provision for doubtful accounts, net of reversal (74 ) (1,375 ) 5,689 Write-offs (2,374 ) (2,472 ) (2,691 ) Other 326 (4,370 ) (3,019 ) Allowance for doubtful accounts at end of year 98,590 “Other” includes the impact of currency translation adjustments for the years ended March 31, 2018, 2019 and 2020. A portion of the allowance for doubtful accounts balance at March 31, 2019 and 2020 totaling ¥74,003 million and ¥66,408 million, respectively, is attributed to certain non-current The net changes in the allowance for credit losses relating to finance receivables and vehicles and equipment on operating leases for the years ended March 31, 2018, 2019 and 2020 are as follows: Yen in millions For the years ended March 31, 2018 2019 2020 Allowance for credit losses at beginning of year 178,101 184,087 196,399 Provision for credit losses, net of reversal 76,143 81,440 137,293 Charge-offs (96,444 ) (91,698 ) (98,352 ) Recoveries 25,344 26,178 25,578 Other 943 (3,608 ) (18,569 ) Allowance for credit losses at end of year 184,087 196,399 242,349 “Other” primarily includes the impact of currency translation adjustments for the years ended March 31, 2018, 2019 and 2020. The net changes in the allowance for credit losses above relating to retail receivables portfolio segment, finance lease receivables portfolio segment and wholesale and other dealer loan receivables portfolio segment for the years ended March 31, 2018, 2019 and 2020 are as follows: Yen in millions For the year ended March 31, 2018 Retail Finance leases Wholesale and Allowance for credit losses at beginning of year 104,354 23,962 30,896 Provision for credit losses, net of reversal 52,891 7,115 6,497 Charge-offs (74,868 ) (2,708 ) (823 ) Recoveries 20,511 315 59 Other 569 133 171 Allowance for credit losses at end of year 103,457 28,817 36,800 Yen in millions For the year ended March 31, 2019 Retail Finance leases Wholesale and Allowance for credit losses at beginning of year 103,457 28,817 36,800 Provision for credit losses, net of reversal 68,470 710 3,990 Charge-offs (72,657 ) (2,903 ) (1,111 ) Recoveries 20,485 345 45 Other (2,161 ) (486 ) (716 ) Allowance for credit losses at end of year 117,594 26,483 39,008 Yen in millions For the year ended March 31, 2020 Finance leases Wholesale and Allowance for credit losses at beginning of year 117,594 26,483 39,008 Provision for credit losses, net of reversal 107,784 9,716 12,544 Charge-offs (82,613 ) (3,267 ) (105 ) Recoveries 20,277 353 33 Other (11,552 ) (2,386 ) (3,691 ) Allowance for credit losses at end of year 151,490 30,899 47,789

Affiliated companies and variab

Affiliated companies and variable interest entities	12 Months Ended
Affiliated companies and variable interest entities	Mar. 31, 2020
Affiliated companies and variable interest entities	11. Affiliated companies and variable interest entities: Investments in and transactions with affiliated companies - 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 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 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 % Certain affiliated companies accounted for by the equity method with carrying amounts of ¥2,430,251 million and ¥2,895,656 million at March 31, 2019 and 2020, respectively, were quoted on various established markets at an aggregate value of ¥2,513,886 million and ¥2,247,107 million, respectively. Toyota evaluated its investments in affiliated companies, considering the length of time and the extent to which the quoted market prices have been less than the carrying amounts, the financial condition and near-term prospects of the affiliated companies and Toyota’s ability and intent to retain those investments in the companies for a period of time. Toyota did not recognize any impairment loss for the years ended March 31, 2018, 2019 and 2020. 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 Accounts payable and other payables 845,755 780,935 Yen in millions For the years ended March 31, 2018 2019 2020 Net revenues 2,004,632 2,213,236 2,423,338 Purchases 5,749,430 6,431,464 6,781,279 Dividends from affiliated companies accounted for by the equity method for the years ended March 31, 2018, 2019 and 2020 were ¥196,403 million, ¥204,322 million and ¥208,950 million, respectively. Toyota does not have any significant related party transactions other than transactions with affiliated companies in the ordinary course of business. Variable Interest Entities - Toyota enters into securitization transactions using special-purpose entities, that are considered variable interest entities (“VIEs”). Although the finance receivables and vehicles on operating leases related to securitization transactions have been legally sold to the VIEs, Toyota has both the power to direct the activities of the VIEs that most significantly impact the VIEs’ economic performance and the obligation to absorb losses of the VIEs or the right to receive benefits from the VIEs that could potentially be significant to the VIEs. As a result, Toyota is considered the primary beneficiary of the VIEs and therefore consolidates the VIEs. Related to securitization transactions, ¥1,872,564 million and ¥1,906,256 million retail finance receivables, ¥609,694 million and ¥621,633 million vehicles on operating leases, ¥131,804 million and ¥140,750 million restricted cash and ¥1,893,073 million and ¥1,979,563 million secured debt were included in Toyota’s consolidated financial statements as of March 31, 2019 and 2020, respectively. The creditors of the VIEs do not have recourse to Toyota’s general credit with the exception of debts guaranteed by Toyota. Risks to which Toyota is exposed including credit, interest rate, and/or prepayment risks are not incremental compared with the situation before Toyota enters into securitization transactions Toyota has variable interests in investment trusts that are VIEs and debt securities issued by a VIE. With respect to some of the investment trusts, Toyota has both the obligation to absorb losses of or the right to receive benefits from the VIEs that could potentially be significant to the VIEs and the power to direct the activities of the VIEs that most significantly impact the VIEs’ economic performance through the asset manager. As a result, Toyota is considered the primary beneficiary of the VIEs and therefore consolidates the VIEs. Related to such investment trusts, ¥2,790,679 million and ¥2,767,681 million marketable securities and other securities investments were included in Toyota’s consolidated financial statements as of March 31, 2019 and 2020. As for other VIEs, Toyota determined that it was not the primary beneficiary due to lack of the power to direct the activities of the VIEs that most significantly impact the VIEs’ economic performance and, therefore, does not consolidate the VIEs. The investments are held at fair value and are included in “Marketable securities and other securities investments” in the accompanying consolidated balance sheets. The maximum exposure to loss is limited to the carrying value of its investment. The carrying value of the trusts totaled ¥22,001 million and ¥16,622 million as of March 31, 2019 and 2020, respectively. The carrying value of the debt securities totaled ¥351,945 million and ¥748,131 million as of March 31, 2019 and 2020, respectively. Toyota does not provide support that is not contractually required to the investments. As for VIEs other than those specified above, neither the aggregate size nor Toyota’s involvements are material to Toyota’s consolidated financial statements.

Short-term borrowings and long-

Short-term borrowings and long-term debt	12 Months Ended
Short-term borrowings and long-term debt	Mar. 31, 2020
Short-term borrowings and long-term debt	12. Short-term borrowings and long-term debt: Short-term borrowings at March 31, 2019 and 2020 consist of the following: Yen in millions March 31, 2019 Loans, principally from banks, with a weighted-average interest at March 31, 2019 and March 31, 2020 of 2.11% and of 2.03% per annum, respectively 1,468,430 1,179,230 Commercial paper with a weighted-average interest at March 31, 2019 and March 31, 2020 of 2.28% and of 1.50% per annum, respectively 3,876,544 4,106,796 5,344,973 5,286,026 As of March 31, 2020, Toyota has unused short-term lines of credit amounting to ¥1,861,792 million of which ¥374,273 million related to commercial paper programs. Under these programs, Toyota is authorized to obtain short-term Long-term debt at March 31, 2019 and 2020 comprises the following: Yen in millions March 31, 2019 2020 Unsecured loans, representing obligations principally to banks, due 2019 to 2041 in 2019 and due 2020 to 2041 in 2020 with a weighted-average interest at March 31, 2019 and March 31, 2020 of 2.78% and of 2.37% per annum, respectively 3,441,336 3,713,541 Secured loans, representing obligations principally to finance receivables securitization due 2019 to 2026 in 2019 and due 2020 to 2034 in 2020 with a weighted-average interest at March 31, 2019 and March 31, 2020 of 2.47% and of 1.98% per annum, respectively 1,840,204 1,983,976 Medium-term notes of consolidated subsidiaries, due 2019 to 2048 in 2019 and due 2020 to 2048 in 2020 with a weighted-average interest at March 31, 2019 and March 31, 2020 of 2.46% and of 2.05% per annum, respectively 7,372,550 7,442,590 Unsecured notes of parent company, due 2019 to 2037 in 2019 and due 2020 to 2037 in 2020 with a weighted-average interest at March 31, 2019 and March 31, 2020 of 1.84% and of 1.85% per annum, respectively 511,980 650,905 Unsecured notes of consolidated subsidiaries, due 2019 to 2031 in 2019 and due 2020 to 2031 in 2020 with a weighted-average interest at March 31, 2019 and March 31, 2020 of 2.12% and of 1.70% per annum, respectively 1,566,994 1,412,368 Secured notes of consolidated subsidiaries, due 2019 to 2022 in 2019 and due 2020 to 2023 in 2020 with a weighted-average interest at March 31, 2019 and March 31, 2020 of 7.78% and of 7.52% per annum, respectively 53,120 34,626 Long-term finance lease obligations, due 2019 to 2035 in 2019 and due 2020 to 2049 in 2020 with inter e 19,021 28,937 14,805,205 15,266,943 Less - Current portion due within one year (4,254,260 ) (4,574,045 ) 10,550,945 10,692,898 As of March 31, 2020, approximately 48%, 13%, 11%, 7%, 5% and 16% of long-term debt are denominated in U.S. dollars, euros, Japanese yen, Australian dollars, Thai baht As of March 31, 2020, property, plant and equipment with a book value of ¥644,368 million and other assets aggregating ¥2,010,548 million were pledged as collateral mainly for certain debt obligations of subsidiaries. These other assets principally consist of securitized finance receivables. The aggregate amounts of annual maturities of long-term debt during the next five years are as follows: Years ending March 31, Yen in millions 2021 4,574,045 2022 3,692,634 2023 3,014,979 2024 1,575,717 2025 1,210,354 Standard agreements with certain banks include provisions that collateral (including sums on deposit with such banks) or guarantees will be furnished upon the banks’ request and that any collateral furnished, pursuant to such agreements or otherwise, will be applicable to all present or future indebtedness to such banks. During the year ended March 31, 2020, Toyota has not received any significant requests from these banks. As of March 31, 2020, Toyota has unused long-term lines of credit amounting to ¥5,345,718 million. Interest expense during the years ended March 31, 2018, 2019 and 2020 were ¥415,094 million, ¥499,871 million and ¥512,677 million, respectively. Interest expense related to the financial services business is included in “Cost of financing operations” in the accompanying consolidated statements of income.

Product warranties and recalls

Product warranties and recalls and other safety measures	12 Months Ended
Product warranties and recalls and other safety measures	Mar. 31, 2020
Product warranties and recalls and other safety measures	13. Product warranties and recalls and other safety measures: Toyota provides product warranties for certain defects mainly resulting from manufacturing based on warranty contracts with its customers at the time of sale of products. Toyota accrues estimated warranty costs to be incurred in the future in accordance with the warranty contracts. In addition to product warranties, Toyota initiates recalls and other safety measures to repair or to replace parts which might be expected to fail from products safety perspectives or customer satisfaction standpoints. Toyota accrues for costs of recalls and other safety measures based on the amount estimated from historical experience. Liabilities for product warranties and liabilities for recalls and other safety measures have been combined into a single table showing an aggregate liability for quality assurances due to the fact that both are liabilities for costs to repair or replace defects of vehicles and the amounts incurred for recalls and other safety measures may affect the amounts incurred for product warranties and vice versa. Liabilities for quality assurances are included in “Accrued expenses” in the consolidated balance sheets. The net changes in liabilities for quality assurances above for the years ended March 31, 2018, 2019 and 2020 consist of the following: Yen in millions For the years ended March 31, 2018 2019 Liabilities for quality assurances at beginning of year 1,696,938 1,702,312 1,769,275 Payments made during year (586,943 ) (489,461 ) (490,117 ) Provision for quality assurances 649,377 565,012 314,494 Changes relating to pre-existing (56,769 ) (1,411 ) (34,345 ) Other (291 ) (7,177 ) (6,194 ) Liabilities for quality assurances at end of year 1,702,312 1,769,275 1,553,113 “Other” primarily includes the impact of currency translation adjustments and the impact of consolidation and deconsolidation of certain entities due to changes in ownership interest. The table below shows the net changes in liabilities for recalls and other safe ty ed Yen in millions For the years ended March 31, 2018 2019 Liabilities for recalls and other safety measures at beginning of year 1,275,200 1,275,256 1,302,309 Payments made during year (456,177 ) (396,971 ) (363,708 ) Provision for recalls and other safety measures 454,391 428,613 169,134 Other 1,842 (4,589 ) (3,024 ) Liabilities for recalls and other safety measures at end of year 1,275,256 1,302,309 1,104,711

Other payables

Other payables	12 Months Ended
Other payables	Mar. 31, 2020
Other payables	14. Other payables: Other payables are mainly related to purchases of property, plant and equipment and non-manufacturing

Income taxes

Income taxes	12 Months Ended
Income taxes	Mar. 31, 2020
Income taxes	15. Income taxes: The components of income before income taxes comprise the following: Yen in millions For the years ended March 31, 2018 2019 Income before income taxes: Parent company and domestic subsidiaries 1,880,971 1,552,975 1,704,397 Foreign subsidiaries 739,458 732,490 850,210 2,620,429 2,285,465 2,554,607 The provision for income taxes consists of the following: Yen in millions For the years ended March 31, 2018 2019 Current income tax expense: Parent company and domestic subsidiaries 565,998 599,521 483,087 Foreign subsidiaries 176,369 147,017 8,196 Total current 742,367 746,538 491,283 Deferred income tax expense (benefit): Parent company and domestic subsidiaries 45,097 (110,608 ) 45,739 Foreign subsidiaries (283,058 ) 24,014 146,408 Total deferred (237,961 ) (86,594 ) 192,147 Total provision 504,406 659,944 683,430 Net deferred liabilities as of March 31, 201 8 8 7 Toyota is subject to a number of different income taxes which, in the aggregate, indicate a statutory rate in Japan of approximately 31.1%, 30.9% and 30.9% for the years ended March 31, 2018, 2019 and 2020, respectively. The statutory tax rates in effect for the year in which the temporary differences are expected to reverse are used to calculate the tax effects of temporary differences which are expected to reverse in the future years. Reconciliation of the differences between the statutory tax rate and the effective income tax rate is as follows: For the years ended March 31, 2018 2019 2020 Statutory tax rate 31.1 % 30.9 % 30.9 % Increase (reduction) in taxes resulting from: Non-deductible 0.4 0.4 0.4 Deferred tax liabilities on undistributed earnings of foreign subsidiaries 1.1 1.2 1.0 Deferred tax liabilities on undistributed earnings of affiliated companies accounted for by 3.8 3.1 1.7 Valuation allowance (2.0 ) 0.2 0.5 Tax credits (4.3 ) (5.3 ) (4.9 ) The difference between the statutory tax rate in Japan and that of foreign subsidiaries (1.5 ) (2.3 ) (2.7 ) Unrecognized tax benefits adjustments 0.2 (0.1 ) (0.4 ) Revision to reduce deferred tax assets and liabilities at the fiscal year-end — — — Effect of the Tax Cuts and Jobs Act of 2017 of the United States (9.5 ) — — Other (0.1 ) 0.8 0.3 Effective income tax rate 19.2 % 28.9 % 26.8 % Significant components of deferred tax a ss Yen in millions March 31, 2019 Deferred tax assets Accrued pension and severance costs 256,478 277,528 Accrued expenses and liabilities for quality assurances 664,950 601,108 Other accrued employees’ compensation 121,024 118,961 Operating loss carryforwards for tax purposes 364,220 55,918 Allowance for doubtful accounts and credit losses 69,049 73,620 Property, plant and equipment and other assets 266,866 282,136 Other 338,744 268,040 Gross deferred tax assets 2,081,331 1,677,311 Less - Valuation allowance (93,599 ) (110,642 ) Total deferred tax assets 1,987,732 1,566,669 Deferred tax liabilities Unrealized gains on securities, net (493,052 ) (421,846 ) Undistributed earnings of foreign subsidiaries (25,972 ) (24,808 ) Undistributed earnings of affiliated companies accounted for by the equity (836,860 ) (952,660 ) Basis difference of acquired assets (29,116 ) (29,756 ) Lease transactions (946,128 ) (739,911 ) Other (169,583 ) (86,072 ) Gross deferred tax liabilities (2,500,711 ) (2,255,053 ) Net deferred tax liability (512,979 ) (688,384 ) The deferred tax assets and liabilities above that comprise the net deferred tax liability are included in the consolidated balance sheets as follows: Yen in millions March 31, 2019 Deferred tax assets Investments and other assets - Other 501,872 354,785 Deferred tax liabilities Deferred income taxes (Long-term liabilities) (1,014,851 ) (1,043,169 ) Net deferred tax liability (512,979 ) (688,384 ) The factors used to assess the likelihood of realization of the deferred tax assets are the future reversal of existing taxable temporary differences, the future taxable income and available tax planning strategies that are prudent and feasible. All available evidence, both positive and negative, is considered to determine whether, based on the weight of that evidence, a valuation allowance is needed for deferred tax assets which are not more- likely-than-not The accounting for deferred tax assets represents Toyota’s current best estimate based on all available evidence. Unanticipated events or changes could result in re-evaluating Operating loss carryforwards for tax purposes as of March 31, 2020 in Japan and foreign countries were ¥18,776 million and ¥402,628 million, respectively, and are available as an offset against future taxable income. The majority of these carryforwards in Japan and foreign countries expire in years 2021 to 2030 and expire in years 2021 to 2040, respectively. Tax credit carryforwards as of March 31, 2020 in Japan and foreign countries were ¥4,579 million and ¥67,098 million, respectively, and the majority of these carryforwards in Japan and foreign countries expire in years 2021 to 2023 and expire in years 2021 to 2040, respectively. The valuation allowance mainly relates to deferred tax assets of operating loss and foreign tax credit carryforwards for tax purposes that are not more-likely-than-not Yen in millions For the years ended March 31, 2018 2019 Valuation allowance at beginning of year 146,623 93,814 93,599 Additions 16,106 13,967 27,629 Deductions (74,435 ) (9,801 ) (6,089 ) Other 5,520 (4,381 ) (4,497 ) Valuation allowance at end of year 93,814 93,599 110,642 “Other” includes the impact of consolidation and deconsolidation of certain entities due to changes in ownership interest and currency translation adjustments during the years ended March 31, 2018, 2019 and 2020. Because management intends to reinvest undistributed earnings of foreign subsidiaries to the extent not expected to be remitted in the foreseeable future, management has made no provision for income taxes on those undistributed earnings aggregating ¥4,205,058 million as of March 31, 2020. Toyota estimates an additional tax provision of ¥152,190 million would be required if the full amount of those undistributed earnings were remitted. A summary of the gross unrecognized tax benefits changes for the years ended March 31, 2018, 2019 and 2020 is as follows: Yen in millions For the years ended March 31, 2018 2019 Balance at beginning of year 21,553 21,564 17,268 Additions based on tax positions related to the current year 612 1,212 2,199 Additions for tax positions of prior years 13,954 1,304 127 Reductions for tax positions of prior years (13,217 ) (819 ) (9,586 ) Reductions for tax positions related to lapse of statute of limitations — — — Reductions for settlements (26 ) (6,696 ) (298 ) Other (1,312 ) 703 (1,363 ) Balance at end of year 21,564 17,268 8,347 The amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate was not material at March 31, 2018, 2019 and 2020, respectively. Toyota does not believe it is reasonably possible that the total amounts of unrecognized tax benefits will significantly increase or decrease within the next twelve months. Interest and penalties related to income tax liabilities are included in “Other income (loss), net”. The amounts of interest and penalties accrued as of and recognized for the years ended March 31, 2018, 2019 and 2020, were not material. Toyota remains subject to income tax examination for the tax returns related to the years beginning on and after April 1, 2013 and April 1, 2002, with various tax jurisdictions in Japan and foreign countries, respectively.

Class Shares

Class Shares	12 Months Ended
Class Shares	Mar. 31, 2020
Class Shares	16. Class Shares: TMC issued First Series Model AA Class Shares (the “Model AA Class Shares”) on July 24, 2015. Presented below is additional information regarding the Model AA Class Shares: Total number of shares issued : 47,100,000 shares Issue price : 10,598 yen per share Purchase price : 10,121.09 yen per share Voting rights : Model AA Class Shares shall have voting rights. The number of shares constituting one unit with respect to Model AA Class Shares shall be 100. Restrictions on transfer : Model AA Class Shares shall have restrictions on transfer. Dividends : (1) If the record date falls in the fiscal year ending (2) (3) Shareholder’s right : (1) Shareholder’s conversion right into Common Shares Shareholders of the Model AA Class Shares may demand TMC to acquire all or a part of their Model AA Class Shares in exchange for Common Shares on the first business day of April and October of every year, starting October 1, 2020. (2) Shareholders of the Model AA Class Shares may demand TMC to acquire all or a part of their Model AA Class Shares in exchange for cash on the last business day of March, June, September and December of each year, starting on September 1, 2020. TMC’s right : TMC may acquire, on or after April 2, 2021, all of the outstanding Model AA Class Shares in exchange for cash. The Model AA Class Shares will not be treated as shareholders’ equity because the shareholders of the Model AA Class Shares will have cash put options and hence, the Model AA Class Shares will be reported as mezzanine equity, a separate line item between liabilities and shareholders’ equity. Unpaid dividends included in mezzanine equity as of March 31, 2019 and 2020 were ¥4,969 million and ¥6,217 million, respectively. The difference between the issuance amount and initial carrying amount of the mezzanine equity is adjusted for accretion of the mezzanine equity over a period of time from the issuance date until the Class Shares can first be redeemed.

Shareholders' equity

Shareholders' equity	12 Months Ended
Shareholders' equity	Mar. 31, 2020
Shareholders' equity	17. Shareholders’ equity: Changes in the number of shares of common stock issued have resulted from the following: For the years ended March 31, 2018 2019 Common stock issued Balance at beginning of year 3,262,997,492 3,262,997,492 3,262,997,492 Issuance during the year — — — Purchase and retirement — — — Balance at end of year 3,262,997,492 3,262,997,492 3,262,997,492 Annual dividends per common share were ¥220, ¥220 and ¥220 for the years ended March 31, 2018, 2019 and 2020, respectively. The Companies Act provides that an amount equal to 10% of distributions from surplus paid by the parent company and its Japanese subsidiaries be appropriated as a capital reserve or a retained earnings reserve. No further appropriations are required when the total amount of the capital reserve and the retained earnings reserve reaches 25% of stated capital. The retained earnings reserve included in retained earnings as of March 31, 2019 and 2020 were ¥198,605 million and ¥201,490 million, respectively. The Companies Act provides that the retained earnings reserve of the parent company and its Japanese subsidiaries is restricted and unable to be used for dividend payments, and is excluded from the calculation of the profit available for dividend. The amounts of statutory retained earnings of the parent company available for dividend payments to shareholders were ¥9,958,581 million and ¥10,276,666 million as of March 31, 2019 and 2020, respectively. In accordance with customary practice in Japan, the distributions from surplus are not accrued in the financial statements for the corresponding period, but are recorded in the subsequent accounting period after shareholders’ approval has been obtained. Retained earnings at March 31, 2020 include amounts representing year-end 12 Retained earnings at March 31, 2020 include ¥3,063,866 million relating to equity in undistributed earnings of affiliated companies accounted for by the equity method. The repurchase, reissuance and retirement of treasury stock for the years ended March 31, 2018, 2019 and 2020 are as follows: For the year ended March 31, 2018 Repurchase of treasury stock Reason for repurchasing treasury stock - The repurchase was made to return capital to shareholders in addition to promoting capital efficiency and agile capital policy in view of the business environment. Details of matters relating to repurchase - Number of common shares repurchased 73,708,400 shares Total purchase price for repurchase of shares ¥499,989 million Reissuance of treasury stock Reason for reissuing treasury stock - On August 4, 2017, the parent company and Mazda Motor Corporation (Mazda) signed an agreement to enter a business and capital alliance, with the aim of further strengthening their lasting partnership. The parent company acquired common stock newly issued by Mazda through a third-party allotment. Mazda acquired the parent company’s shares that were equivalent in value to the Mazda shares through a disposition of treasury stock involving a third-party allotment implemented by the parent company. Details of matters relating to reissuance - Number of common shares reissued 8,293,300 shares Amount of proceeds ¥50,000 million For the year ended March 31, 2019 Repurchase of treasury stock Reason for repurchasing treasury stock - The repurchase was made to return capital to shareholders in addition to promoting capital efficiency and agile capital policy in view of the business environment. Details of matters relating to repurchase - Number of common shares repurchased 77,622,700 shares Total purchase price for repurchase of shares ¥549,986 million For the year ended March 31, 2020 Repurchase of treasury stock Reason for repurchasing treasury stock - The repurchase was made to return capital to shareholders in addition to promoting capital efficiency and agile capital policy in view of the business environment. Details of matters relating to repurchase - Number of common shares repurchased 69,532,900 shares Total purchase price for repurchase of shares ¥500,139 million Reissuance of treasury stock Reason for reissuing treasury stock - On May 9, 2019, the parent company resolved to conclude contracts aimed toward the establishment of a new joint venture, Prime Life Technologies, related to a town development business with Panasonic. Pursuant to these contracts, the parent company, THC and Misawa Homes conducted a share exchange in which common shares of Toyota were allotted in exchange for common shares of Misawa Homes so that THC, a consolidated subsidiary of the parent company, will become the wholly owning parent company resulting from the share exchange and Misawa Homes, a consolidated subsidiary of THC, will become the wholly owned subsidiary resulting from the share exchange. Details of matters relating to reissuance - Number of common shares reissued 3,269,500 shares Amount of reissuance ¥24,181 million

Accumulated other comprehensive

Accumulated other comprehensive income	12 Months Ended
Accumulated other comprehensive income	Mar. 31, 2020
Accumulated other comprehensive income	18. Accumulated other comprehensive income: Changes in accumulated other comprehensive income (loss) are as foll o Yen in millions Foreign Unrealized Pension Accumulated Balance at March 31, 2017 (560,108 ) 1,426,003 (224,973 ) 640,922 Other comprehensive income (loss) before reclassifications, net of taxes of ¥(3,624) million, ¥38,539 million, ¥(7,568) million and ¥27,347 million (113,942 ) (72,501 ) 15,814 (170,629 ) Reclassifications, net of taxes of ¥— million, ¥9,729 million, ¥(2,500) million and ¥7,229 million (6,664 ) (22,058 ) 6,501 (22,221 ) Other comprehensive income (loss), net of tax (120,606 ) (94,559 ) 22,315 (192,850 ) Less - Other comprehensive income attributable to noncontrolling interests 1,629 (2,022 ) (580 ) (973 ) Equity transaction with noncontrolling interests and other — 162 (11,562 ) (11,400 ) Balance at March 31, 2018 (679,085 ) 1,329,584 (214,800 ) 435,699 Effect of change in accounting policy 105 (1,309,725 ) — (1,309,620 ) Other comprehensive income (loss) before reclassifications, net of taxes of ¥8,703 million, ¥3,382 million, ¥25,795 million and ¥37,880 million 25,639 (6,139 ) (62,288 ) (42,788 ) Reclassifications, net of taxes of ¥— million, ¥6,963 million, ¥(2,892) million and ¥4,071 million 1,377 (15,026 ) 7,452 (6,197 ) Other comprehensive income (loss), net of tax 27,016 (21,165 ) (54,836 ) (48,985 ) Less - Other comprehensive income attributable to noncontrolling interests 2,432 54 3,770 6,256 Balance at March 31, 2019 (649,532 ) (1,252 ) (265,866 ) (916,650 ) Other comprehensive income (loss) before reclassifications, net of taxes of ¥1,865 million, ¥(50,969) million, ¥26,259 million and ¥(22,845) million (333,854 ) 113,978 (66,203 ) (286,079 ) Reclassifications, net of taxes of ¥— million, ¥(1,960) million, ¥(2,400) million and ¥(4,360) million — 4,385 6,007 10,392 Other comprehensive income (loss), net of tax (333,854 ) 118,363 (60,196 ) (275,687 ) Less - Other comprehensive income attributable to noncontrolling interests 20,668 40 (440 ) 20,268 Equity transaction with noncontrolling interests and other 3,432 (124 ) 2,488 5,796 Balance at March 31, 2020 (959,286 ) 117,027 (324,014 ) (1,166,273 ) Reclassifications for the years ended March 31, 2018, 2019 and 2020 consist of the following: Yen in millions For the years ended March 31, Affected line items 2018 2019 Foreign currency translation adjustments: (6,664 ) 1,377 — Other income (loss), net (6,664 ) 1,377 — Income before income taxes and equity in earnings of affiliated companies (6,664 ) 1,377 — Net income Unrealized gains (losses) on securities: (4,567 ) 1,243 (93 ) Financing operations (25,247 ) (22,374 ) 8,823 Foreign exchange gain (loss), net (1,993 ) (827 ) (2,484 ) Other income (loss), net (31,807 ) (21,958 ) 6,246 Income before income taxes and equity in earnings of affiliated companies 9,729 6,963 (1,960 ) Provision for income taxes 20 (31 ) 99 Equity in earnings of affiliated companies (22,058 ) (15,026 ) 4,385 Net income Pension liability adjustments: Recognized net actuarial loss 12,914 14,029 12,611 1 Amortization of prior service costs (3,913 ) (3,685 ) (4,204 ) 1 9,001 10,344 8,407 Income before income taxes and equity in earnings of affiliated companies (2,500 ) (2,892 ) (2,400 ) Provision for income taxes 6,501 7,452 6,007 Net income Total reclassifications, net of tax (22,221 ) (6,197 ) 10,392 Amounts of reclassifications in parentheses indicate gains in the consolidated statements of income.

Stock-based compensation

Stock-based compensation	12 Months Ended
Stock-based compensation	Mar. 31, 2020
Stock-based compensation	*1: Reclassifications of pension liability adjustments are affected under C 19. Stock-based compensation: In June 1997, the parent company’s shareholders approved a stock option plan for board members. In June 2001, the shareholders approved an amendment of the plan to include both board members and key employees. Each year until June 2010, since the plans’ inception, the shareholders have approved the authorization for the grant of options for the purchase of the parent company’s common stock. Authorized shares for each year that remain ungranted are unavailable for grant in future years. Stock options granted in and after August 2006 have terms of 8 years and an exercise price equal to 1.025 times the closing price of Toyota’s common stock on the date of grant. These options generally vest 2 years from the date of grant. There were no stock-based compensation expenses for stock options as selling, general and administrative expenses for the years ended March 31, 2018, 2019 and 2020, respectively. The following table summarizes Toyota’s stock option activity: Yen Yen in Number of Weighted- Weighted- Aggregate Options outstanding at March 31, 2017 1,192,300 3,682 0.80 2,813 Granted — — Exercised (643,800 ) 3,726 Canceled (264,900 ) 4,154 Options outstanding at March 31, 2018 283,600 3,153 0.33 1,041 Granted — — Exercised (155,100 ) 3,156 Canceled (128,500 ) 3,153 Options outstanding at March 31, 2019 — — — — Granted — — Exercised — — Canceled — — Options outstanding at March 31, 2020 — — — — Options exercisable at March 31, 2018 283,600 3,153 0.33 1,041 Options exercisable at March 31, 2019 — — — — Options exercisable at March 31, 2020 — — — — The total intrinsic value of options exercised for the years ended March 31, 2018 and was and There were no stock options exercised for the year ended March 31, 2020 . Cash received from the exercise of stock options for the years ended March 31, 2018 and and There were no cash proceeds from stock options exercised for the year ended March 31, 2020.

Employee benefit plans

Employee benefit plans	12 Months Ended
Employee benefit plans	Mar. 31, 2020
Employee benefit plans	20. Employee benefit plans: Pension and severance plans - Upon terminations of employment, employees of the parent company and subsidiaries in Japan are entitled, under the retirement plans of each company, to lump-sum Effective October , , the parent company amended its retirement plan to introduce a “point” based retirement benefit plan. Under the new plan, employees are entitled to lump-sum or pension payments determined based on accumulated “points” vested in each year of service. There are three types of “points” that vest in each year of service consisting of “service period points” which are attributed to the length of service, “job title points” which are attributed to the job title of each employee, and “performance points” which are attributed to the annual performance evaluation of each employee. Under normal circumstances, the minimum payment prior to retirement age is an amount reflecting an adjustment rate applied to represent voluntary retirement. Employees receive additional benefits upon involuntary retirement, including retirement at the age limit. Effective October 1, 2005, the parent company partly amended its retirement plan and introduced the quasi cash-balance plan under which benefits are determined based on the variable-interest crediting rate rather than the fixed-interest crediting rate as was in the pre-amended The parent company and most subsidiaries in Japan have contributory funded defined benefit pension plans, which are pursuant to the Corporate Defined Benefit Pension Plan Law (CDBPPL). The contributions to the plans are funded with several financial institutions in accordance with the applicable laws and regulations. These pension plan assets consist principally of common stocks, government bonds and insurance contracts. Most foreign subsidiaries have pension plans or severance indemnity plans covering substantially all of their employees under which the cost of benefits are currently invested or accrued. The benefits for these plans are based primarily on lengths of service and current rates of pay. Toyota uses a March 31 measurement date for its benefit plans. Information regarding Toyota’s defined benefit plans is as follows: Yen in millions March 31, Japanese plans Foreign plans 2019 2019 Change in benefit obligation Benefit obligation at beginning of year 2,019,310 2,100,073 1,097,981 1,186,897 Service cost 99,838 93,298 46,930 46,869 Interest cost 12,967 10,514 40,708 40,335 Plan participants’ contributions 974 1,014 1,045 2,018 Plan amendments (1,067 ) (988 ) 13 3,308 Net actuarial (gain) loss 67,391 (48,602 ) 7,755 (2,865 ) Acquisition and other (20,786 ) (55,070 ) 21,634 (28,548 ) Benefits paid (78,554 ) (48,796 ) (29,169 ) (40,200 ) Benefit obligation at end of year 2,100,073 2,051,443 1,186,897 1,207,814 Change in plan assets Fair value of plan assets at beginning of year 1,612,879 1,600,491 815,483 882,784 Actual return on plan assets 3,208 (70,503 ) 59,237 13,421 Acquisition and other (13,705 ) (41,105 ) 12,696 (28,068 ) Employer contributions 41,276 38,144 18,952 29,407 Plan participants’ contributions 974 1,014 1,045 2,018 Benefits paid (44,141 ) (15,010 ) (24,629 ) (30,661 ) Fair value of plan assets at end of year 1,600,491 1,513,031 882,784 868,901 Funded status 499,582 538,412 304,113 338,913 Amounts recognized in the consolidated balance sheets as of March 31, 2019 and 2020 are comprised of the following: Yen in millions March 31, Japanese plans Foreign plans 2019 2019 Accrued expenses (Accrued pension and severance costs) 34,298 33,422 3,234 7,934 Accrued pension and severance costs 657,380 639,764 306,026 338,862 Investments and other assets - Other (Prepaid pension and severance costs) (192,096 ) (134,774 ) (5,147 ) (7,883 ) Net amount recognized 499,582 538,412 304,113 338,913 Amounts recognized in accumulated other comprehensive income (loss) as of March 31, 2019 and 2020 are comprised of the following: Yen in millions March 31, Japanese plans Foreign plans 2019 2019 Net actuarial loss (339,814 ) (383,485 ) (91,072 ) (116,171 ) Prior service costs 29,801 21,538 (1,612 ) (5,352 ) Net transition obligation — — — Net amount recognized (310,013 ) (361,947 ) (92,684 ) (121,523 ) The accumulated benefit obligation for all defined benefit pension plans was ¥2,040,344 million and ¥1,993,624 million in Japanese plans, ¥1,120,453 million and ¥1,134,977 million in Foreign plans at March 31, 2019 and 2020, respectively. The projected benefit obligation and fair value of plan assets for which the projected benefit obligations exceed plan assets are as follows: Yen in millions March 31, Japanese plans Foreign plans 2019 2019 2020 Projected benefit obligation 878,009 846,068 681,025 1,025,234 Fair value of plan assets 203,277 188,241 357,583 678,522 The accumulated benefit obligation and fair value of plan assets for which the accumulated benefit obligations exceed plan assets are as follows: Yen in millions March 31, Japanese plans Foreign plans 2019 2020 2019 2020 Accumulated benefit obligation 847,017 783,561 515,918 403,810 Fair value of plan assets 198,315 155,345 215,006 93,717 Components of the net periodic pension cost are as follows: Yen in millions For the years ended March 31, Japanese plans Foreign plans 2018 2019 2018 2019 Service cost 88,964 99,838 93,298 35,887 46,930 46,869 Interest cost 13,252 12,967 10,514 37,817 40,708 40,335 Expected return on plan assets (36,409 ) (38,551 ) (37,813 ) (41,048 ) (37,530 ) (43,003 ) Amortization of prior service costs (4,226 ) (3,904 ) (4,346 ) 313 219 142 Recognized net actuarial loss 7,462 6,927 8,356 5,452 7,102 4,255 Amortization of net transition obligation — — — — — — Net periodic pension cost 69,043 77,277 70,009 38,421 57,429 48,598 Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss) are as follows: Yen in millions For the years ended March 31, Japanese plans Foreign plans 2018 2019 2018 2019 Net actuarial gain (loss) 39,852 (102,734 ) (59,714 ) (17,163 ) 13,952 (26,717 ) Recognized net actuarial loss 7,462 6,927 8,356 5,452 7,102 4,255 Prior service costs 58 1,067 988 12 (13 ) (3,308 ) Amortization of prior service costs (4,226 ) (3,904 ) (4,346 ) 313 219 142 Amortization of net transition obligation — — — — — — Other (7,979 ) 4,610 2,782 9,004 7,289 (3,211 ) Total recognized in other comprehensive income (loss) 35,167 (94,034 ) (51,934 ) (2,382 ) 28,549 (28,839 ) “Other” includes the impact of consolidation and deconsolidation of certain entities due to changes in ownership interest and currency translation adjustments during the years ended March 31, 2018, 2019 and 2020. The estimated prior service costs and net actuarial loss that will be amortized from accumulated other comprehensive income (loss) into net periodic pension cost during the year ending March 31, 2021 are ¥(3,400) million and ¥13,300 million in Japanese plans, ¥100 million and ¥6,000 million in Foreign plans, respectively. Weighted-average assumptions used to determine benefit obligations as of March 31, 2019 and 2020 are as follows: March 31, Japanese plans Foreign plans 2019 2020 2019 2020 Discount rate 0.6 % 0.6 % 3.8 % 3.5 % Rate of compensation increase 3.1 % 2.5 % 3.5 % 3.4 % As of March 31, 2019 and 2020, the parent company and certain subsidiaries in Japan employ “point” based retirement benefit plans and do not use the rates of compensation increase to determine benefit obligations. Weighted-average assumptions used to determine net periodic pension cost for the years ended March 31, 2018, 2019 and 2020 are as follows: For the years ended March 31, Japanese plans Foreign plans 2018 2019 2020 2018 2019 2020 Discount rate 0.7 % 0.7 % 0.6 % 4.0 % 3.9 % 3.8 % Expected return on plan assets 2.4 % 2.4 % 2.4 % 6.0 % 5.6 % 5.2 % Rate of compensation increase 2.9 % 3.3 % 3.1 % 3.8 % 3.6 % 3.5 % During the years ended March 31, 2018, 2019 and 2020, the parent company and certain subsidiaries in Japan employ “point” based retirement benefit plans and do not use the rates of compensation increase to determine net periodic pension cost. The expected rate of return on plan assets is determined after considering several applicable factors including, the composition of plan assets held, assumed risks of asset management, historical results of the returns on plan assets, Toyota’s principal policy for plan asset management, and forecasted market conditions. Toyota’s policy and objective for plan asset management is to maximize returns on plan assets to meet future benefit payment requirements under risks which Toyota considers permissible. Asset allocations under the plan asset management are determined based on plan asset management policies of each plan which are established to achieve the optimized asset compositions in terms of the long-term overall plan asset management. In Japanese plans, excepting equity securities contributed by Toyota, approximately 40% of the plan assets is invested in equity securities, approximately 30% is invested in debt securities, and the rest of them is invested in insurance contracts and other products. In Foreign plans, excepting equity securities contributed by Toyota, approximately 40% of the plan assets is invested in equity securities, approximately 50% is invested in debt securities, and the rest of them is invested in other products. When actual allocations are not in line with target allocations, Toyota rebalances its investments in accordance with the policies. Prior to making individual investments, Toyota performs in-depth The following table summarizes the fair value of classes of plan assets as of March 31, 2019 and 2020. See note 28 to the consolidated financial statements for three levels of input which are used to measure fair value. Japanese plans Yen in millions March 31, 2019 Level 1 Level 2 Total Equity securities Common stocks 531,159 — — 531,159 Commingled funds — 192,012 — 192,012 531,159 192,012 — 723,171 Debt securities Government bonds 98,578 — — 98,578 Commingled funds — 286,783 — 286,783 Other — 54,652 — 54,652 98,578 341,435 — 440,013 Insurance contracts — 226,093 — 226,093 Other 84,208 38,439 4,242 126,889 Investments measured at net asset value — — — 84,325 Total 713,945 797,979 4,242 1,600,491 Yen in millions March 31, 2020 Level 1 Level 2 Level 3 Total Equity securities Common stocks 467,885 — — 467,885 Commingled funds — 135,979 — 135,979 467,885 135,979 — 603,864 Debt securities Government bonds 86,212 — — 86,212 Commingled funds — 278,394 — 278,394 Other — 75,644 — 75,644 86,212 354,038 — 440,250 Insurance contracts — 226,043 — 226,043 Other 89,986 59,780 6,199 155,965 Investments measured at net asset value — — — 86,909 Total 644,083 775,840 1,513,031 Foreign plans Yen in millions March 31, 2019 Level 1 Level 2 Total Equity securities Common stocks 123,875 — — 123,875 Commingled funds — 215,386 — 215,386 123,875 215,386 — 339,261 Debt securities Government bonds 141,054 — — 141,054 Commingled funds — — — — Other — 164,877 — 164,877 141,054 164,877 — 305,931 Insurance contracts — — — — Other 10,292 24,810 27,903 63,005 Investments measured at net asset value — — — 174,587 Total 275,221 405,073 Yen in millions March 31, 2020 Level 1 Level 2 Level 3 Equity securities Common stocks 111,997 — — 111,997 Commingled funds — 186,918 — 186,918 111,997 186,918 — 298,915 Debt securities Government bonds 181,702 — — 181,702 Commingled funds — — — — Other — 170,650 — 170,650 181,702 170,650 — 352,352 Insurance contracts — — — — Other 10,425 24,410 28,251 63,086 Investments measured at net asset value — — — 154,548 Total 304,124 381,978 28,251 868,901 Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The following is description of the assets, information about the valuation techniques used to measure fair value, key inputs and significant assumptions: Quoted market prices for identical securities are used to measure fair value of common stocks. Japanese stocks and foreign stocks represent 73% and 27% (as of March 31, 2019) and 75% and 25% (as of March 31, 2020) of common stocks, respectively, in Japanese plans. Common stocks include mainly foreign stocks as of March 31, 2019 and 2020 in Foreign plans. Quoted market prices for identical securities are used to measure fair value of government bonds. Japanese government bonds and foreign government bonds represent 33% and 67% (as of March 31, 2019) and 37% and 63% (as of March 31, 2020) of government bonds, respectively, in Japanese plans. Government bonds include mainly foreign government bonds as of March 31, 2019 and 2020 in Foreign plans. Commingled funds are beneficial interests of collective trust. The fair values of commingled funds are measured using the net asset value (“NAV”) provided by the administrator of the fund, and are categorized by the ability to redeem investments by the NAV. The fair values of insurance contracts are measured using contracted amount with accrued interest. “Other” consists of cash equivalents, other private placement investment funds and other assets. The fair values of other private placement investment funds are measured using the NAV provided by the administrator of the fund, and are categorized by the ability to redeem investments by the NAV. The following tables summarize the changes in Level 3 plan assets measured at fair value for the years ended March 31, 2018, 2019 and 2020: Japanese plans Yen in millions For the years ended March 31, 2018 2019 2020 Debt Other Total Debt Other Total Debt Other Balance at beginning of year 81 19 — 19 — 4,242 4,242 Actual return on plan assets — (4 ) (4 ) — (164 ) (164 ) — (43 ) (43 ) Purchases, sales and settlements (62 ) (492 ) (554 ) (19 ) — (19 ) — — — Other — — — — 4,406 4,406 — 2,000 2,000 Balance at end of year 19 — 19 — 4,242 4,242 — 6,199 6,199 Foreign plans Yen in millions For the years ended March 31, 2018 2019 Other Other Other Balance at beginning of year 30,903 31,288 27,903 Actual return on plan assets 2,024 (4,784 ) 891 Purchases, sales and settlements — — — Other (1,639 ) 1,399 (543 ) Balance at end of year 31,288 27,903 28,251 Toyota expects to contribute ¥38,667 million in Japanese plans and ¥17,749 million in Foreign plans to its pension plans in the year ending March 31, 2021. The following pension benefit payments, which reflect expected future service, as appropriate, are expected to be paid: Yen in millions Years ending March 31, Japanese plans Foreign plans 2021 82,748 43,815 2022 86,207 45,841 2023 87,914 47,645 2024 90,887 49,795 2025 87,909 50,854 from 2026 to 2030 441,675 281,343 Total 877,340 519,293 Postretirement benefits other than pensions and postemployment benefits - Toyota’s U.S. subsidiaries provide certain health care and life insurance benefits to eligible retired employees. In addition, Toyota provides benefits to certain former or inactive employees after employment, but before retirement. These benefits are provided through various insurance companies, health care providers and others. The costs of these benefits are recognized over the period the employee provides credited service to Toyota. Toyota’s obligations under these arrangements are not material.

Derivative financial instrument

Derivative financial instruments	12 Months Ended
Derivative financial instruments	Mar. 31, 2020
Derivative financial instruments	21. Derivative financial instruments: Toyota employs derivative financial instruments, including foreign exchange forward contracts, foreign currency options, interest rate swaps, interest rate currency swap agreements and interest rate options to manage its exposure to fluctuations in interest rates and foreign currency exchange rates. Toyota does not use derivatives for speculation or trading. Fair value hedges - Toyota enters into interest rate swaps and interest rate currency swap agreements mainly to convert its fixed-rate debt to variable-rate debt. Toyota uses interest rate swap agreements in managing interest rate risk exposure. Interest rate swap agreements are executed as either an integral part of specific debt transactions or on a portfolio basis. Toyota uses interest rate currency swap agreements to hedge exposure to currency exchange rate fluctuations on principal and interest payments for borrowings denominated in foreign currencies. Notes and loans payable issued in foreign currencies are hedged by concurrently executing interest rate currency swap agreements, which involve the exchange of foreign currency principal and interest obligations for each functional currency obligations at agreed-upon currency exchange and interest rates. For the years ended March 31, 2018, 2019 and 2020, the ineffective portion of Toyota’s fair value hedge relationships was not material. For fair value hedging relationships, the components of each derivative’s gain or loss are included in the assessment of hedge effectiveness. Undesignated derivative financial instruments - Toyota uses foreign exchange forward contracts, foreign currency options, interest rate swaps, interest rate currency swap agreements, and interest rate options, to manage its exposure to foreign currency exchange rate fluctuations and interest rate fluctuations from an economic perspective, and for some of which Toyota is unable to or has elected not to apply hedge accounting. Fair value and gains or losses on derivative financial instruments - The following table summarizes the fair values of derivative financial instruments as of March 31, 2019 and 2020: Yen in millions March 31, 2019 Derivative assets Derivative financial instruments designated as hedging instruments Interest rate and currency swap agreements Prepaid expenses and other current assets — — Investments and other assets - Other — — Total — — Undesignated derivative financial instruments Interest rate and currency swap agreements Prepaid expenses and other current assets 74,971 105,724 Investments and other assets - Other 114,642 372,786 Total 189,613 478,510 Foreign exchange forward and option contracts Prepaid expenses and other current assets 10,720 25,316 Investments and other assets - Other — — Total 10,720 25,316 Total derivative assets 200,333 503,826 Counterparty netting (89,364 ) (176,541 ) Collateral received (46,590 ) (121,979 ) Carrying value of derivative assets 64,379 205,306 Derivative liabilities Derivative financial instruments designated as hedging instruments Interest rate and currency swap agreements Other current liabilities — — Other long-term liabilities — — Total — — Undesignated derivative financial instruments Interest rate and currency swap agreements Other current liabilities (28,911 ) (76,492 ) Other long-term liabilities (189,157 ) (343,271 ) Total (218,068 ) (419,763 ) Foreign exchange forward and option contracts Other current liabilities (13,847 ) (17,245 ) Other long-term liabilities — — Total (13,847 ) (17,245 ) Total derivative liabilities (231,915 ) (437,008 ) Counterparty netting 89,364 176,541 Collateral posted 110,159 234,937 Carrying value of derivative liabilities (32,392 ) (25,530 ) The following table summarizes the notional amounts of derivative financial instruments as of March 31, 2019 and 2020: Yen in millions March 31, 2019 2020 Designated derivative financial instruments Undesignated derivative financial instruments Designated derivative financial instruments Undesignated derivative financial instruments Interest rate and currency swap agreements — 21,001,883 — 20,310,018 Foreign exchange forward and option contracts — 4,005,578 — 3,916,824 Total — 25,007,461 — 24,226,842 The following table summarizes the gains and losses on derivative financial instruments and hedged items reported in the consolidated statements of income for the years ended March 31, 2018, 2019 and 2020: Yen in millions For the years ended March 31, 2018 2019 2020 Gains or (losses) on derivative financial instruments Gains or (losses) on hedged items Gains or (losses) on derivative financial instruments Gains or (losses) on hedged items Gains or (losses) on derivative financial instruments Gains or (losses) on hedged items Derivative financial instruments designated as hedging instruments Interest rate and currency swap agreements Cost of financing operations 782 (227 ) (822 ) 799 — — Undesignated derivative financial instruments Interest rate and currency swap agreements Cost of financing operations 42,220 (18,433 ) 51,552 Foreign exchange gain (loss), net 30,339 37,124 67,142 Foreign exchange forward and option Cost of financing operations 6,442 2,240 33,538 Foreign exchange gain (loss), net 73,115 (69,826 ) 8,281 Undesignated derivative financial instruments are used to manage economic risks of fluctuations in foreign currency exchange rates and interest rates of certain receivables and payables. Those economic risks are offset by changes in the fair value of undesignated derivative financial instruments. Cash flows from transactions of derivative financial instruments are included in cash flows from operating activities in the consolidated statements of cash flows. Credit risk related contingent features - Toyota enters into International Swaps and Derivatives Association Master Agreements with counterparties. These Master Agreements contain a provision requiring either Toyota or the counterparty to settle the contract or to post assets to the other party in the event of a ratings downgrade below a specified threshold. The aggregate fair value amount of derivative financial instruments that contain credit risk related contingent features that are in a net liability position after being offset by cash collateral as of March 31, 2020 is ¥6,750 million. The aggregate fair value amount of assets that are already posted as cash collateral as of March 31, 2020

Other financial instruments

Other financial instruments	12 Months Ended
Other financial instruments	Mar. 31, 2020
Other financial instruments	22. Other financial instruments: Toyota has certain financial instruments, including financial assets and liabilities which arose in the normal course of business. These financial instruments are executed with creditworthy financial institutions, and virtually all foreign currency contracts are denominated in U.S. dollars, euros and other currencies of major developed countries. Financial instruments involve, to varying degrees, market risk as instruments are subject to price fluctuations, and elements of credit risk in the event a counterparty should default. In the unlikely event the counterparties fail to meet the contractual terms of a foreign currency or an interest rate instrument, Toyota’s risk is limited to the fair value of the instrument. Although Toyota may be exposed to losses in the event of non-performance The following table summarizes the estimated fair values of Toyota’s financial instruments, excluding marketable securities, other securities investments, investments and other assets in affiliated companies and derivative financial instruments. See note 28 to the consolidated financial statements for three levels of input which are used to measure fair value. Yen in millions March 31, 2019 Estimated fair value Carrying amount Level 1 Level 2 Level 3 Total Assets (Liabilities) Cash and cash equivalents 3,574,704 2,980,504 594,200 — 3,574,704 Time deposits 1,126,352 — 1,126,352 — 1,126,352 Total finance receivables, net 15,450,745 — — 15,668,542 15,668,542 Other receivables 568,156 — — 568,156 568,156 Short-term borrowings (5,344,973 ) — (5,285,807 ) (59,166 ) (5,344,973 ) Long-term debt including the current portion (14,786,184 ) — (12,786,541 ) (1,833,623 ) (14,620,164 ) Yen in millions March 31, 2020 Estimated fair value Carrying amount Level 1 Level 2 Level 3 Total Assets (Liabilities) Cash and cash equivalents 4,190,518 3,598,318 592,200 — 4,190,518 Time deposits 828,220 — 828,220 — 828,220 Total finance receivables, net 15,511,294 — — 15,703,737 15,703,737 Other receivables 564,854 — — 564,854 564,854 Short-term borrowings (5,286,026 ) — (5,274,071 ) (11,955 ) (5,286,026 ) Long-term debt including the current portion (15,238,006 ) — (12,644,187 ) (1,966,646 ) (14,610,833 ) Cash and cash equivalents and time deposits - In the normal course of business, substantially all cash and cash equivalents and time deposits are highly liquid and are carried at amounts which approximate fair value due to its short duration. Cash equivalents and time deposits include negotiable certificate of deposit measured at fair value on a recurring basis. Where money market funds produce a daily net asset value in an active market, this value is used to determine the fair value of the fund investment, and the investment is classified in Level 1. All other types of cash and cash equivalents and time deposits are classified in Level 2. Finance receivables, net - The fair values of finance receivables are estimated by discounting expected cash flows to present value using internal assumptions, including prepayment speeds, expected credit losses and collateral value. Certain impaired finance receivables are measured at fair value on a nonrecurring basis based on collateral values. As unobservable inputs are utilized, finance receivables are classified in Level 3. Other receivables - Other receivables are short-term receivables. These receivables are carried at amounts which approximate fair value, and the difference between the carrying amount and the fair value is not material. These receivables are classified in Level 3. Short-term borrowings and long-term debt - The fair values of short-term borrowings and long-term debt including the current portion, except for secured loans provided by securitization transactions using special-purpose entities, are estimated based on the discounted amounts of future cash flows using Toyota’s current borrowing rates for similar liabilities. As these inputs are observable, these debts are classified in Level 2. The fair values of the secured loans provided by securitization transactions are estimated based on current market rates and credit spreads for debt with similar maturities. Internal assumptions including prepayment speeds and expected credit losses are used to estimate the timing of cash flows to be paid on the underlying securitized assets. As these valuations utilize unobservable inputs, the secured loans are classified in Level 3. See note 11 to the consolidated financial statements for information regarding the secured loans.

Lease commitments

Lease commitments	12 Months Ended
Lease commitments	Mar. 31, 2020
Lease commitments	23. Lease commitments: Toyota leases certain assets under finance lease and operating lease arrangements. An analysis of leased assets under finance leases is as follows: Yen in millions March 31, 2019 2020 Class of property Building 18,519 22,790 Machinery and equipment 28,836 62,337 Less - Accumulated depreciation (30,016 ) (25,036 ) 17,339 60,091 Amortization expenses under finance leases for the years ended March 31, 2018 and 2019 were ¥5,541 million and ¥7,879 million, respectively. Rental expenses under operating leases for the year ended March 31, 2018 and 2019 were ¥112,934 million and ¥115,503 million, respectively. The minimum rental payments required under operating leases relating primarily to land, buildings and equipment having initial or remaining non-cancelable Years ending March 31, Yen in millions 2020 16,078 2021 13,396 2022 11,862 2023 10,219 2024 8,034 Thereafter 32,598 Total minimum future rentals 92,187 An analysis of lease payment is as follows: Yen in millions March 31, 2020 Lease payment Finance lease expense Amortization of right-of-use asset 14,676 Interest on lease liabilities 805 Operating lease expense 80,343 Short term lease expense 44,440 140,264 Other supplementary information is as follows : Yen in millions March 2020 Other supplementary information Cash paid for amounts included in the measurement of finance lease liabilities Cash flow from operating activities 805 Cash flow from financing activities 5,860 Cash paid for amounts included in the measurement of operating lease liabilities Cash flow from operating activities 80,101 Right of use assets obtained in exchange for lease liabilities Finance lease 47,082 Operating lease 105,913 Weighted average remaining lease term (years) Finance lease 5.6 Operating lease 8.4 Weighted average discount rate Finance lease 4.23 % Operating lease 2.13 % Future minimum lease payments under finance leases and operating leases together with the present value of the net minimum lease payments as of Yen in millions Years ending March 31, Finance lease Operating lease 2021 6,378 41,618 2022 4,320 33,648 2023 3,124 26,890 2024 2,842 22,640 2025 2,525 20,437 Thereafter 17,629 165,454 Total minimum lease payments 36,818 310,687 Less - Amount representing interest (7,881 ) (29,732 ) Present value of net minimum lease payments 28,937 280,955 Current liability 5,460 39,136 Noncurrent liability 23,477 241,819 Total minimum lease present value 28,937 280,955

Other commitments and contingen

Other commitments and contingencies, concentrations and factors that may affect future operations	12 Months Ended
	Mar. 31, 2020
Other commitments and contingencies, concentrations and factors that may affect future operations	24. Other commitments and contingencies, concentrations and factors that may affect future operations: Commitments - Commitments outstanding as of March 31, 2020 for the purchase of property, plant and equipment, other assets and services totaled ¥362,071 million. Guarantees - Toyota enters into contracts with Toyota dealers to guarantee customers’ payments of their installment payables that arise from installment contracts between customers and Toyota dealers, as and when requested by Toyota dealers. Guarantee periods are set to match maturity of installment payments, and as of March 31, 2020, range from 1 month to 8 years; however, they are generally shorter than the useful lives of products sold. Toyota is required to execute its guarantee primarily when customers are unable to make required payments. The maximum potential amount of future payments as of March 31, 2020 is ¥3,333,385 million. Liabilities for guarantees totaling ¥10,615 million have been provided as of March 31, 2020. Under these guarantee contracts, Toyota is entitled to recover any amount paid by Toyota from the customers whose original obligations Toyota has guaranteed. Legal proceedings - From time-to-time, slow-to-return Toyota has been named as a defendant in 33 economic loss class action lawsuits in the United States, which, together with similar lawsuits against Takata and other automakers, have been made part of a multi-district litigation proceeding in the United States District Court for the Southern District of Florida, arising out of allegations that airbag inflators manufactured by Takata are defective. Toyota has reached a settlement with the plaintiffs in the United States economic loss class actions. The court approved the settlement on October 31, 2017, and subsequent appeals have been withdrawn, making the settlement final. The economic loss class action lawsuits against Toyota have been dismissed. Toyota and other automakers have also been named in certain class actions filed in Mexico, Canada, Australia, Israel and Brazil, as well as some other actions by states or territories of the United States. The remaining actions in Mexico, Australia, Israel, Brazil and some other actions by states or territories of the United States are being litigated. Toyota has self-reported a process gap in fulfilling certain emissions defect information reporting requirements of the U.S. Environmental Protection Agency (“EPA”) and California Air Resources Board, including updates on its repair completion rates for recalled emissions components and certain other reports concerning emissions related defects. Toyota is cooperating with civil investigations by the EPA and the Civil Division of the Southern District of New York (“SDNY”) on this reporting issue and continues to have discussions with the EPA and the SDNY. The investigations could result in the imposition of civil penalties, fines or other sanctions, or litigation by the SDNY or the EPA. Toyota also has various other pending legal actions and claims, including without limitation personal injury and wrongful death lawsuits and claims in the United States, and is subject to government investigations from time to time. Beyond the amounts accrued with respect to all aforementioned matters, Toyota is unable to estimate a range of reasonably possible loss, if any, for the pending legal matters because (i) many of the proceedings are in evidence gathering stages, (ii) significant factual issues need to be resolved, (iii) the legal theory or nature of the claims is unclear, (iv) the outcome of future motions or appeals is unknown and/or (v) the outcomes of other matters of these types vary widely and do not appear sufficiently similar to offer meaningful guidance. Therefore, for all of the aforementioned matters, which Toyota is in discussions to resolve, any losses that are beyond the amounts accrued could have an adverse effect on Toyota’s financial position, results of operations or cash flows. The parent company has a concentration of labor supply in employees working under collective bargaining agreements and a substantial portion of these employees are working under the agreement that will expire on December 31, 2020.

Segment data

Segment data	12 Months Ended
Segment data	Mar. 31, 2020
Segment data	25. Segment data: The operating segments reported below are the segments of Toyota for which separate financial information is available and for which operating income/loss amounts are evaluated regularly by executive management in deciding how to allocate resources and in assessing performance. The major portions of Toyota’s operations on a worldwide basis are derived from the Automotive and Financial Services business segments. The Automotive segment designs, manufactures and distributes sedans, minivans, compact cars, sport-utility vehicles, trucks and related parts and accessories. The Financial Services segment consists primarily of financing, and vehicle leasing operations to assist in the merchandising of the parent company and its affiliated companies products as well as other products. The All Other segment includes the design, manufacturing and sales of housing, telecommunications and other businesses. The following tables present certain information regarding Toyota’s industry or geographic segments and overseas revenues by destination as of and for the years ended March 31, 2018, 2019 and 2020. Segment operating results and assets - As of and for the year ended March 31, 2018: Yen in millions Automotive Financial All Other Inter-segment 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 All Other Inter-segment 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 All Other Inter-segment 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 - As of and for the year ended March 31, 2018: Yen in millions Japan North Europe Inter-segment 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 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 Europe Asia Other Inter-segment 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 Europe Asia Other Inter-segment 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 “Other” consists of Central and South America, Oceania, Africa and the Middle East. Revenues are attributed to geographies based on the country location of the parent company or the subsidiary that transacted the sale with the external customer. There are no any individually material countries with respect to revenues, and long-lived assets included in other foreign countries. Unallocated amounts included in assets represent assets held for corporate purposes, which mainly consist of cash and cash equivalents and marketable securities and other securities investments. Such corporate assets were ¥9,386,399 million, ¥9,329,020 million and ¥8,630,468 million, as of March 31, 2018, 2019 and 2020, respectively. Transfers between industry or geographic segments are made at terms and conditions in the ordinary course of business. In measuring the reportable segments’ income or losses, operating income consists of revenue less operating expenses. Overseas revenues by destination - 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 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 “Other” consists of Central and South America, Oceania, Africa and the Middle East, etc. Certain financial statements data on non-financial The financial data below presents separately Toyota’s non-financial Balance sheets - Yen in millions March 31, 2019 Assets Non-Financial 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 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 non-financial Yen in millions March 31, 2019 Liabilities Non-Financial 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 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 - Yen in millions For the years ended March 31, 2018 2019 2020 Non-Financial 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 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 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 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 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 Financial 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

Net revenues

Net revenues	12 Months Ended
Net revenues	Mar. 31, 2020
Net revenues	26. Net revenues (1) Summary by business segments and products The table below shows Toyota’s net revenues from external customers by business and by product category. Yen in millions For the year ended March 31, 20 19 For the year ended 20 Sales of products Automotive Vehicles 23,066,190 22,852,916 Parts and components for overseas production 625,483 603,928 Parts and components for after service 2,093,437 2,103,478 Other 1,249,382 1,274,163 Total automotive 27,034,492 26,834,485 All other 1,070,846 925,264 Total sales of products 28,105,338 27,759,749 Financial services 2,120,343 2,170,243 Total net revenues 30,225,681 29,929,992 The majority of sales of products are revenues recognized from contracts with customers based on ASC 606 “Revenue from Contracts with C For the year ended March 31, 2019 and and ¥85,192 million revenues accounted for under ASC 606 “Revenue from Contracts with C The breakdown of income from leases included in financial service revenues is as follows; Yen in millions For the year ended For the year ended Finance leases Financial income related to net lease investment 91,703 98,865 Operating leases 1,056,080 1,051,804 Total 1,147,783 1,150,669 (2) Contract liabilities Contract liabilities consist of the following: Yen in millions March 3 March 31, 2020 Contract liabilities 675,018 691,954 Contract liabilities are mainly related . 2019 and 2020, the amount of revenue recognized which were 2018 and were million and ¥366,655 million. (3) Performance obligations As of March 31, 2020, which is the end of the reporting period, the aggregate amount of transaction price s The main contents of unsatisfied performance obligations related to contracts are insurance revenues and maintenance revenues. For insurance revenues, Toyota receives payment agreed upon in the contract at the inception of the contract, and revenue is recognized over the term of the contract, which ranges from 3 to 120 months. As of March 31, 2020, the unsatisfied performance obligations related to insurance revenues was ¥223,754 million, and Toyota expects to recognize as revenue ¥65,168 million in fiscal 2021 For maintenance revenues, Toyota receives payment agreed upon in the contract at the inception of the contract, and revenue is recognized over the term of the contract, which ranges from 18 to 84 months. Unsatisfied performance obligations for sales of products related to contracts that have an original expected

Per share amounts

Per share amounts	12 Months Ended
Per share amounts	Mar. 31, 2020
Per share amounts	27. Per share amounts: Reconciliations of the differences between basic and diluted net income attributable to Toyota Motor Corporation per common share for the years ended March 31, 2018, 2019 and 2020 are as follows: Yen in Thousands Yen Net income Weighted- Net income For the year ended March 31, 2018 Net income attributable to Toyota Motor Corporation 2,493,983 Accretion to Mezzanine equity (4,849 ) Dividends to Toyota Motor Corporation (7,442 ) Basic net income attributable to Toyota Motor Corporation 2,481,692 2,947,365 842.00 Effect of dilutive securities Model AA Class Shares 12,291 47,100 Assumed exercise of dilutive stock options (4 ) 301 Diluted net income attributable to Toyota Motor Corporation per common share 2,493,979 2,994,766 832.78 For the year ended March 31, 2019 Net income attributable to Toyota Motor Corporation 1,882,873 Accretion to Mezzanine equity (4,850 ) Dividends to Toyota Motor Corporation (9,938 ) Basic net income attributable to Toyota Motor Corporation per common share 1,868,085 2,871,534 650.55 Effect of dilutive securities Model AA Class Shares 14,788 47,100 Assumed exercise of dilutive stock options (0 ) 40 Diluted net income attributable to Toyota Motor Corporation per common share 1,882,873 2,918,674 645.11 For the year ended March 31, 2020 Net income attributable to Toyota Motor Corporation 2,076,183 Accretion to Mezzanine equity (4,850 ) Dividends to Toyota Motor Corporation (12,434 ) Basic net income attributable to Toyota Motor Corporation per common share 2,058,899 2,798,918 735.61 Effect of dilutive securities Model AA Class Shares 17,284 47,100 Assumed exercise of dilutive stock options — — Diluted net income attributable to Toyota Motor Corporation 2,076,183 2,846,018 729.50 The following table shows Toyota Motor Corporation shareholders’ equity per share as of March 31, 2019 and 2020. Toyota Motor Corporation shareholders’ equity per share amounts are calculated by dividing Toyota Motor Corporation shareholders’ equities’ amount at the end of each period by the number of shares issued and outstanding, excluding treasury stock at the end of the corresponding period. Yen in Thousands Yen Toyota Motor Common shares Toyota Motor As of March 31, 2019 19,348,152 2,832,439 6,830.92 As of March 31, 2020 20,060,618 2,766,153 7,252.17

Fair value measurements

Fair value measurements	12 Months Ended
Fair value measurements	Mar. 31, 2020
Fair value measurements	28. Fair value measurements: In accordance with U.S.GAAP, Toyota classifies fair value into three levels of input as follows which are used to measure it. Level 1: Quoted prices in active markets for identical assets or liabilities Level 2: Quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; valuation of assets or liabilities using inputs, other than quoted prices, that are observable Level 3: Valuation of assets or liabilities using unobservable inputs which reflect the reporting entity’s assumptions The following table summarizes the fair values of the assets and liabilities measured at fair value on a recurring basis as of March 31, 2019 and 2020. Transfers between levels of the fair value are recognized at the end of their respective reporting periods: Yen in millions March 31, 2019 Level 1 Level 2 Level 3 Total Assets Cash equivalents 249,193 594,200 — 843,393 Time deposits — 520,000 — 520,000 Marketable securities and other securities investments Public and corporate bonds 4,378,543 1,452,475 15,171 5,846,189 Common stocks 2,154,951 — — 2,154,951 Other 189,389 6,007 — 195,396 Investments measured at net asset value — — — 98,451 Derivative financial instruments — 200,256 77 200,333 Total 6,972,076 2,772,938 15,248 9,858,713 Liabilities Derivative financial instruments — (231,915 ) — (231,915 ) Total — (231,915 ) — (231,915 ) Yen in millions March 31, 2020 Level 1 Level 2 Level 3 Total Assets Cash equivalents 711,106 592,200 — 1,303,306 Time deposits — 350,000 — 350,000 Marketable securities and other securities investments Public and corporate bonds 3,214,773 2,183,695 12,831 5,411,299 Common stocks 1,895,690 — — 1,895,690 Other 194,085 27,477 — 221,562 Investments measured at net asset value — — — 97,687 Derivative financial instruments — 503,826 — 503,826 Total 6,015,654 3,657,198 12,831 9,783,370 Liabilities Derivative financial instruments — (437,008 ) — (437,008 ) Total — (437,008 ) — (437,008 ) Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The following is description of the assets and liabilities measured at fair value, information about the valuation techniques used to measure fair value, key inputs and significant assumptions: Cash equivalents and time deposits - Cash equivalents include money market funds and other investments with original maturities of three months or less. Cash equivalents classified in Level 2 include negotiable certificate of deposit with original maturities of three months or less. These are measured at fair value using primarily observable interest rates in the market. Time deposits consist of negotiable certificates of deposit with original maturities over three months. These are measured at fair value using primarily observable interest rates in the market. Marketable securities and other securities investments - Marketable securities and other securities investments include public and corporate bonds, common stocks and other investments. Public and corporate bonds include government bonds. Japanese bonds and foreign bonds including U.S., European and other bonds represent 17% and 83% (as of March 31, 2019) and 20% and 80% (as of March 31, 2020) of public and corporate bonds, respectively. Listed stocks on the Japanese stock markets represent 91% and 90% of common stocks as of March 31, 2019 and 2020, respectively. Toyota uses primarily quoted market prices for identical assets to measure fair value of these securities. Derivative financial instruments - See note 21 to the consolidated financial statements about derivative financial instruments. Toyota primarily estimates the fair value of derivative financial instruments using industry-standard valuation models that require observable inputs including interest rates and foreign exchange rates, and the contractual terms. The usage of these models does not require significant judgment to be applied. These derivative financial instruments are classified in Level 2. In other certain cases when market data is not available, key inputs to the fair value measurement include quotes from counterparties, and other market data. Toyota assesses the reasonableness of changes of the quotes using observable market data. These derivative financial instruments are classified in Level 3. Toyota’s derivative fair value measurements consider assumptions about counterparty and Toyota’s own non-performance The following table summarizes the changes in Level 3 assets and liabilities measured at fair value on a recurring basis for the periods ended March 31, 2018, 2019 and 2020: Yen in millions For the year ended March 31, 2018 Marketable Derivative Total Balance at beginning of year 8,947 (7,522 ) 1,425 Total gains (losses) Included in income (loss) 17 805 822 Included in other comprehensive income (loss) (12 ) — (12 ) Purchases and issuances 3,860 — 3,860 Settlements (4,739 ) 4,320 (419 ) Other (585 ) 185 (400 ) Balance at end of year 7,488 (2,212 ) 5,276 Yen in millions For the year ended March 31, 2019 Marketable Derivative Total Balance at beginning of year 7,488 (2,212 ) 5,276 Total gains (losses) Included in income (loss) 1 3,169 3,170 Included in other comprehensive income (loss) 82 — 82 Purchases and issuances 5,254 — 5,254 Settlements (2,875 ) (784 ) (3,659 ) Other 337 (96 ) 241 Balance at end of year 10,287 77 10,364 Yen in millions For the year ended March 31, 2020 Marketable Derivative Total Balance at beginning of year 10,287 77 10,364 Total gains (losses) Included in income (loss) (346 ) — (346 ) Included in other comprehensive income (loss) (671 ) — (671 ) Purchases and issuances 5,305 — 5,305 Settlements (1,547 ) (77 ) (1,624 ) Other (197 ) — (197 ) Balance at end of year 12,831 — 12,831 “Included in income (loss)” in marketable securities and other securities investments and derivative financial instruments are included in “Other income (loss), net” and “Cost of financing operations” in the accompanying consolidated statements of income, respectively. In the reconciliation table above, derivative financial instruments are presented net of assets and liabilities. “Other” includes the currency translation adjustments for the years ended March 31, 2018, 2019 and 2020. As of March 31, 2020, the Level 3 assets and liabilities measured at fair value on a recurring basis are not significant. Certain assets and liabilities are measured at fair value on a nonrecurring basis. During the years ended March 31, 2019 and 2020, Toyota measured certain finance receivables at fair value of ¥58,611 million and ¥50,850 million based on the collateral value, resulting in loss of ¥3,305 million and gain

Significant subsequent events

Significant subsequent events	12 Months Ended
Significant subsequent events	Mar. 31, 2020
Significant subsequent events	29. Significant subsequent events: Plant suspensions - For reasons such as government directives as well as anticipated reduced demand for its vehicles due to the global spread of COVID-19, after April 2020 to suspend temporarily the production of automobiles and components at selected plants in Japan and overseas. Production is subsequently being resumed. It is uncertain how this suspension will affect Toyota’s financial results. Borrowing funds - Taking into consideration its funding plans, which take into account the risk that COVID-19 borrowed funds in an aggregate amount of ¥ million with multiple domestic financial institutions. The interest rates under the loan agreements are approximately the same market rates, and the tenor of the loans are around one year. None of these agreements has collateral or other material covenant provisions.

Summary of significant accoun_2

Summary of significant accounting policies (Policies)	12 Months Ended
Summary of significant accounting policies (Policies)	Mar. 31, 2020
Basis of consolidation and accounting for investments in affiliated companies	Basis of consolidation and accounting for investments in affiliated companies - The consolidated financial statements include the accounts of the parent company, its majority-owned subsidiary companies and variable interest entities of which Toyota is the primary beneficiary. All significant intercompany transactions and accounts have been eliminated. Investments in affiliated companies in which Toyota exercises significant influence, but which it does not control, are stated at cost plus equity in undistributed earnings. Consolidated net income includes Toyota’s equity in current earnings of such companies, after elimination of unrealized intercompany profits. Investments in such companies are reduced to fair value if a decline in market value is determined other-than-temporary.
Estimates	Estimates - The preparation of Toyota’s consolidated financial statements in conformity with U.S.GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. The more significant estimates include: product warranties, liabilities accrued for recalls and other safety measures, allowance for doubtful accounts and credit losses, residual values for leased assets, impairment of long-lived assets, pension costs and obligations, fair value of derivative financial instruments, other-than-temporary losses on debt securities, litigation liabilities and valuation allowance for deferred tax assets.
Translation of foreign currencies	Translation of foreign currencies - All asset and liability accounts of foreign subsidiaries and affiliated companies are translated into Japanese yen at appropriate year-end Foreign currency receivables and payables are translated at appropriate year-end
Revenue recognition	Revenue recognition - In the automotive operations, performance obligations are considered to be satisfied when completed vehicles and parts are delivered to the agreed locations with dealers. For parts for overseas production, it is when they are loaded on a ship to foreign manufacturing companies. We do not have any material significant payment terms as payment is received at or shortly after the point of sale. Toyota’s sales incentive programs principally consist of cash payments to dealers calculated based on vehicle volume or a model sold by a dealer during a certain period of time. Toyota accrues these incentives as revenue reductions upon the sale of a vehicle corresponding to the program by the amount determined in the related incentive program utilizing the most likely outcome method. The sale of certain vehicles includes a contractual right, which entitles customers to free vehicle maintenance. We use an observable price to determine the stand-alone selling price for separate performance obligations or a cost plus margin approach when one is not available. Such revenues from free maintenance contracts are deferred and recognized as revenue over the period of the contract in proportion to the costs expected to be incurred in satisfying the obligations under the contract. Revenues from the sales of vehicles under which Toyota conditionally guarantees the minimum resale value are recognized on a pro rata basis from the date of sale to the first exercise date of the guarantee in accordance with lease accounting. The underlying vehicles of these transactions are recorded as assets and are depreciated in accordance with Toyota’s depreciation policy. We have elected to recognize the cost of transport service activities after the customer gains control as expenses at the time that control of products transfers. Revenues from retail financing contracts and finance leases are recognized using the effective yield method. Revenues from operating leases are recognized on a straight-line basis over the lease term. All other operations business of Toyota includes the design, manufacture and sales of housing. Certain revenues from the housing business, such as those of ordered housing are recognized only to the extent of the costs incurred until such time that it can reasonably measure the outcome of the performance obligation. If the period between satisfaction of the performance obligation and receipt of consideration is expected to be within one year or less, as a practical expedient, we do not adjust the promised amount of consideration for the effects of a significant financing component. Revenue is recognized net of any taxes collected from customers and subsequently remitted to governmental authorities.
Other costs	Other costs - Advertising and sales promotion costs are expensed as incurred. Advertising costs were ¥509,653 million, ¥490,093 million and ¥470,849 million for the years ended March 31, 2018, 2019 and 2020, respectively. Toyota generally warrants its products against certain manufacturing and other defects. Provisions for product warranties are provided for specific periods of time and/or usage of the product and vary depending upon the nature of the product, the geographic location of the sale and other factors. Toyota records a provision for estimated product warranty costs at the time the related sale is recognized based on estimates that Toyota will incur to repair or replace product parts that fail while under warranty. The amount of accrued estimated warranty costs is primarily based on historical experience as to product failures as well as current information on repair costs. The amount of warranty costs accrued also contains an estimate of warranty claim recoveries to be received from suppliers. In addition to product warranties above, Toyota accrues for costs of recalls and other safety measures based on management’s estimates when it is probable a liability has been incurred and the amount of loss can be reasonably estimated. Toyota mainly employs an estimation model, to accrue at the time of vehicle sale, an amount that represents management’s best estimate of expenses related to future recalls and other safety measures. The estimation model for recalls and other safety measures takes into account Toyota’s historical experience of recalls and other safety measures. Litigation liabilities are established to cover probable losses on various lawsuits based on the information currently available. Attorneys’ fees are expensed as incurred. Research and development costs are expensed as incurred. Research and development costs were ¥1,064,269 million, ¥1,048,882 million and ¥1,110,369 million for the years ended March 31, 2018, 2019 and 2020, respectively.
Restricted cash and cash equivalents	Restricted cash and cash equivalents- Cash and cash equivalents include all highly liquid investments with original maturities of three months or less, that are readily convertible to known amounts of cash and are so near maturity that they present insignificant risk of changes in value because of changes in interest rates.
Marketable securities and other securities investments	Marketable securities and other securities investments - Marketable securities and other securities investments consist of debt and equity securities. Debt securities designated as available-for-sale available-for-sale Changes in fair value on equity securities with readily determinable fair values are recognized in net income. Equity securities without readily determinable fair values are measured at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer.
Finance receivables	Finance receivables - Finance receivables recorded on Toyota’s consolidated balance sheets are comprised of the unpaid principal balance, plus accrued interest, less charge-offs, net of any unearned income and deferred origination costs and the allowance for credit losses. Deferred origination costs are amortized so as to approximate a level rate of return over the term of the related contracts. The determination of portfolio segments is based primarily on the qualitative consideration of the nature of Toyota’s business operations and finance receivables. The three portfolio segments within finance receivables are as follows: Retail receivables portfolio segment - The retail receivables portfolio segment consists of retail installment sales contracts acquired mainly from dealers (“auto loans”) including credit card loans. These contracts acquired must first meet specified credit standards. Thereafter, Toyota retains responsibility for contract collection and administration. The contract periods of auto loans primarily range from 2 to 7 years. Toyota acquires security interests in the vehicles financed and has the right to repossess vehicles if customers fail to meet their contractual obligations. Almost all auto loans are non-recourse, Toyota classifies retail receivables portfolio segment into one class based on common risk characteristics associated with the underlying finance receivables, the similarity of the credit risks, and the quantitative materiality. Finance lease receivables portfolio segment - Toyota acquires new vehicle lease contracts originated primarily through dealers. The contract periods of these primarily range from 2 to 5 years. Lease contracts acquired must first meet specified credit standards after which Toyota assumes ownership of the leased vehicle. Toyota is responsible for contract collection and administration during the lease period. Toyota is generally permitted to take possession of the vehicle upon a default by the lessee. The residual value is estimated at the time the vehicle is first leased. Vehicles returned to Toyota at the end of their leases are sold by auction. Toyota classifies finance lease receivables portfolio segment into one class based on common risk characteristics associated with the underlying finance receivables and the similarity of the credit risks Wholesale and other dealer loan receivables portfolio segment - Toyota provides wholesale financing to qualified dealers to finance inventories. Toyota acquires security interests in vehicles financed at wholesale. In cases where additional security interests would be required, Toyota takes dealership assets or personal assets, or both, as additional security. If a dealer defaults, Toyota has the right to liquidate any assets acquired and seek legal remedies. Toyota also makes term loans to dealers for business acquisitions, facilities refurbishment, real estate purchases and working capital requirements. These loans are typically secured with liens on real estate, other dealership assets and/or personal assets of the dealers. Toyota classifies wholesale and other dealer loan receivables portfolio segment into three classes of wholesale, real estate and working capital, based on the risk characteristics associated with the underlying finance receivables. A receivable account balance is considered impaired when, based on current information and events, it is probable that Toyota will be unable to collect all amounts due according to the terms of the contract. Factors such as payment history, compliance with terms and conditions of the underlying loan agreement and other subjective factors related to the financial stability of the borrower are considered when determining whether a loan is impaired. Impaired finance receivables include certain nonaccrual receivables for which a specific reserve has been assessed. An account modified as a troubled debt restructuring is considered to be impaired. A troubled debt restructuring occurs when an account is modified through a concession to a borrower experiencing financial difficulty. All classes of wholesale and other dealer loan receivables portfolio segment are placed on nonaccrual status when full payment of principal or interest is in doubt, or when principal or interest is 90 days or more contractually past due, whichever occurs first. Collateral dependent loans are placed on nonaccrual status if collateral is insufficient to cover principal and interest. Interest accrued but not collected at the date a receivable is placed on nonaccrual status is reversed against interest income. In addition, the amortization of net deferred fees is suspended. Interest income on nonaccrual receivables is recognized only to the extent it is received in cash. Accounts are restored to accrual status only when interest and principal payments are brought current and future payments are reasonably assured. Receivable balances are written-off written-off As of March 31, 2019 and 2020, finance receivables on nonaccrual status are as follows: Yen in millions March 31, Retail 9,401 10,434 Finance leases 2,431 3,300 Wholesale 18,217 13,023 Real estate 18,281 10,703 Working capital — 7,712 48,330 45,172 As of March 31, 2019 and 2020, finance receivables 90 days or more past due and accruing are as follows: Yen in millions March 31, Retail 28,438 37,709 Finance leases 3,821 5,161 32,259 42,870
Allowance for credit losses	Allowance for credit losses - Allowance for credit losses is established to cover probable losses on finance receivables and vehicles and equipment on operating leases, resulting from the inability of customers to make required payments. Provision for credit losses is included in selling, general and administrative expenses. The allowance for credit losses is based on a systematic, ongoing review and evaluation performed as part of the credit-risk evaluation process, historical loss experience, the size and composition of the portfolios, current economic events and conditions, the estimated fair value and adequacy of collateral and other pertinent factors. Vehicles and equipment on operating leases are not within the scope of accounting guidance governing the disclosure of portfolio segments. Retail receivables portfolio segment - Toyota calculates allowance for credit losses to cover probable losses on retail receivables by applying reserve rates to such receivables. Reserve rates are calculated mainly by historical loss experience, current economic events and conditions and other pertinent factors. Finance lease receivables portfolio segment - Toyota calculates allowance for credit losses to cover probable losses on finance lease receivables by applying reserve rates to such receivables. Reserve rates are calculated mainly by historical loss experience, current economic events and conditions and other pertinent factors such as used car markets. Wholesale and other dealer loan receivables portfolio segment - Toyota calculates allowance for credit losses to cover probable losses on wholesale and other dealer loan receivables by applying reserve rates to such receivables. Reserve rates are calculated mainly by financial conditions of the dealers, terms of collateral setting, current economic events and conditions and other pertinent factors. Toyota establishes specific reserves to cover the estimated losses on individually impaired receivables within the wholesale and other dealer loan receivables portfolio segment. Specific reserves on impaired receivables are determined by the present value of expected future cash flows or the fair value of collateral when it is probable that such receivables will be unable to be fully collected. The fair value of the underlying collateral is used if the receivable is collateral-dependent. The receivable is determined collateral-dependent if the repayment of the loan is expected to be provided by the underlying collateral. For the receivables in which the fair value of the underlying collateral was in excess of the outstanding balance, no allowance was provided. Troubled debt restructurings in the retail receivables and finance lease receivables portfolio segments are specifically identified as impaired and aggregated with their respective portfolio segments when determining the allowance for credit losses. Impaired loans in the retail receivables and finance lease receivables portfolio segments are insignificant for individual evaluation and Toyota has determined that allowance for credit losses for each of the retail receivables and finance lease receivables portfolio segments would not be materially different if they had been individually evaluated for impairment. Specific reserves on impaired receivables within the wholesale and other dealer loan receivables portfolio segment are recorded by an increase to the allowance for credit losses based on the related measurement of impairment. Related collateral, if recoverable, is repossessed and sold and the account balance is written-off. Any shortfall between proceeds received and the carrying cost of repossessed collateral is charged to the allowance. Recoveries are reversed from the allowance for credit losses.
Allowance for residual value losses	Allowance for residual value losses - Toyota is exposed to risk of loss on the disposition of off-lease The allowance for residual value losses is maintained in amounts considered by Toyota to be appropriate in relation to the estimated losses on its owned portfolio. Upon disposal of the assets, the allowance for residual losses is adjusted for the difference between the net book value and the proceeds from sale.
Inventories	Inventories - Inventories are valued at cost, not in excess of net realizable value, cost being determined on the “average-cost” basis, except for the cost of finished products carried by certain subsidiary companies which is determined on the “specific identification” basis or “last-in, first-out” “first-in, first-out”
Property, plant and equipment	Property, plant and equipment - Property, plant and equipment are stated at cost. Major renewals and improvements are capitalized; minor replacements, maintenance and repairs are charged to current operations. Depreciation of property, plant and equipment is computed on the straight-line method Vehicles and equipment on operating leases to third parties are originated by dealers and acquired by certain consolidated subsidiaries. Such subsidiaries are also the lessors of certain property that they acquire directly. Vehicles and equipment on operating leases are depreciated primarily on a straight-line method over the lease term, generally from 2 to 5 years, to the estimated residual value. Incremental direct costs incurred in connection with the acquisition of operating lease contracts are capitalized and amortized on a straight-line method over the lease term.
Leases	Leases - At the inception of a contract Toyota assesses whether the contract is, or contains, a lease. Lessee - Toyota recognizes a right of use asset and a lease liability at the lease commencement date, for finance leases and operating leases. After the commencement date for finance leases, Toyota applies a cost model and subsequently depreciates the right of use asset using the straight-line method from the commencement date to the earlier of the end of the useful life of the right of use asset or the end of the lease term. Operating lease expenses are recognized on a straight-line basis over the lease term after the commencement date. Lease liabilities are measured at amortized cost using the effective interest method. Toyota uses its incremental borrowing rate as of the commencement date as a discount rate to measure lease liabilities. Many lease contracts relating to land and buildings entered by Toyota include extension options that can be exercisable by Toyota for various purposes such as to ensure the business flexibility. Toyota assesses whether it is reasonably certain to exercise an extension option, and if it assesses it to be reasonably certain, the extension option is included in the lease term. Toyota recognizes lease payments associated with lease terms of 12 months or less as an expense on a straight-line basis over the lease term. Lessor - With respect to lessor lease transactions, Toyota determines at the commencement of the lease whether each lease is a finance lease or operating lease. A lease is classified as a finance lease if it transfers substantially all of the risks and rewards incidental to the ownership of an underlying asset. Otherwise leases are classified as operating leases. Toyota recognizes the operating lease payments in profit or loss on a straight-line basis over the lease term.
Long-lived assets	Long-lived assets - Toyota reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset group may not be recoverable. An impairment loss would be recognized when the carrying amount of an asset group exceeds the estimated undiscounted cash flows expected to result from the use of the asset and its eventual disposition. The amount of the impairment loss to be recorded is calculated by the excess of the carrying value of the asset group over its fair value. Fair value is determined mainly using a discounted cash flow valuation method.
Goodwill and intangible assets	Goodwill and intangible assets - Goodwill is not material to Toyota’s consolidated balance sheets. Intangible assets consist mainly of software. Intangible assets with a definite life are amortized on a straight-line basis with estimated useful lives mainly of 5 years. Intangible assets with an indefinite life are tested for impairment whenever events or circumstances indicate that a carrying amount of an asset (asset group) may not be recoverable. An impairment loss would be recognized when the carrying amount of an asset exceeds the estimated undiscounted cash flows used in determining the fair value of the asset. The amount of the impairment loss to be recorded is generally determined by the difference between the fair value of the asset using a discounted cash flow valuation method and the current book value.
Employee benefit obligations	Employee benefit obligations - Toyota has both defined benefit and defined contribution plans for employees’ retirement benefits. Retirement benefit obligations are measured by actuarial calculations in accordance with U.S.GAAP. The funded status of the defined benefit postretirement plans is recognized on the consolidated balance sheets as prepaid pension and severance costs or accrued pension and severance costs, and the funded status change is recognized in the year in which it occurs through other comprehensive income.
Environmental matters	Environmental matters - Environmental expenditures relating to current operations are expensed or capitalized as appropriate. Expenditures relating to existing conditions caused by past operations, which do not contribute to current or future revenues, are expensed. Liabilities for remediation costs are recorded when they are probable and reasonably estimable, generally no later than the completion of feasibility studies or Toyota’s commitment to a plan of action. The cost of each environmental liability is estimated by using current technology available and various engineering, financial and legal specialists within Toyota based on current law. Such liabilities do not reflect any offset for possible recoveries from insurance companies and are not discounted. There were no material changes in these liabilities for all periods presented.
Income taxes	Income taxes - The provision for income taxes is computed based on the pretax income included in the consolidated statements of income. The asset and liability approach is used to recognize deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. Valuation allowances are recorded to reduce deferred tax assets when it is more likely than not that a tax benefit will not be realized.
Derivative financial instruments	Derivative financial instruments - Toyota employs derivative financial instruments, including forward foreign currency exchange contracts, foreign currency options, interest rate swaps, interest rate currency swap agreements and interest rate options to manage its exposure to fluctuations in interest rates and foreign currency exchange rates. All derivative financial instruments are recorded on the consolidated balance sheets at fair value, taking into consideration the effects of legally enforceable master netting agreements that allow us to net settle positive and negative positions and offset cash collateral held with the same counterparty on a net basis. Toyota does not use derivatives for speculation or trading purposes. Changes in the fair value of derivatives are recorded each period in current earnings or through other comprehensive income, depending on whether a derivative is designated as part of a hedge transaction and the type of hedge transaction.
Net income attributable to Toyota Motor Corporation per common share	Net income attributable to Toyota Motor Corporation per common share - Basic net income attributable to Toyota Motor Corporation per common share is calculated by dividing net income attributable to common shareholders by the weighted-average number of common shares outstanding during the reported period. The calculation of diluted net income attributable to Toyota Motor Corporation per common share is done by adjusting net income attributable to common shareholders and the weighted-average number of common shares outstanding, which includes the additional dilution from the assumed conversion of model AA class shares and the assumed exercise of dilutive stock options.
Stock-based compensation	Stock-based compensation - Toyota measures compensation expense for its stock-based compensation plan based on the grant-date fair value of the award, and accounts for the award.
Other comprehensive income	Other comprehensive income - Other comprehensive income refers to revenues, expenses, gains and losses that, under U.S.GAAP are included in comprehensive income, but are excluded from net income as these amounts are recorded directly as an adjustment to shareholders’ equity. Toyota’s other comprehensive income is primarily comprised of unrealized gains/losses on marketable securities designated as available-for-sale,
Accounting changes	Accounting changes - Adoption of new accounting standard - In February 2016, the Financial Accounting Standards Board (“FASB”) issued updated guidance for leases. This guidance requires lessees to recognize substantially all leases on their balance sheet as a right and a lease liability. Toyota adopted this guidance on April 1, 2019 using the modified retrospective method of adoption and elected the transition method that allows for application of the standard at the adoption date. Additionally, Toyota elected the package of practical expedients of not reassessing lease classifications and others for lease contracts that expired or exist as of the adoption date. As a result of adoption, Toyota recognized an additional balance of ¥277,118 million as right In August 2017, the FASB issued updated guidance for hedge accounting. This guidance simplifies and expands the application of hedge accounting. Toyota adopted this guidance on April 1, 2019. The adoption of this guidance did not have a material impact on Toyota’s consolidated financial statements.
Change in depreciation method	Change in depreciation method - Toyota used the declining-balance method mainly for the parent company and Japanese subsidiaries, and the straight-line method for foreign subsidiary companies, regarding the depreciation method of property, plant and equipment. In recent years, Toyota has been strengthening competitiveness globally through the investments in areas such as the remodeling of cars by introducing a new platform and powertrain units, the improvement of technological capabilities and productivity, as well as the promotion of equipment versatility. In response to such recent changes, effective as of April 1, 2019, Toyota changed the depreciation method of the parent company and Japanese subsidiaries to the straight-line method because Toyota believes it better reflects the future economic benefit from the stable usage of property, plant and equipment. The impact of the change in depreciation method is recognized prospectively as a change in accounting estimate in accordance with the FASB Accounting Standards Codification (ASC) 250 “Accounting Changes and Error Corrections”. As a result of the change in depreciation method, depreciation expense for the fiscal year ended March 31, 2020 decreased by ¥ 173,201 million. Net income attributable to Toyota Motor Corporation and basic net income attributable to Toyota Motor Corporation per common share for the fiscal year ended March 31, 2020 increased by ¥ 117,001 million and ¥ 41.80 ,
Recent pronouncements to be adopted in future periods	Recent pronouncements to be adopted in future periods - Toyota intends to replace the currently applied U.S.GAAP and voluntarily adopt IFRS for its consolidated financial statements in order to improve the international comparability of its financial information in the capital markets, among other reasons. The period for disclosure based on IFRS will begin with the first quarter of the fiscal year ending March 31, 2021. As a result, recent pronouncements to be adopted in future period s
Reclassifications	Reclassifications - Certain prior year amounts have been reclassified to conform to the presentations as of and for the year ended March 31, 2020.

Summary of significant accoun_3

Summary of significant accounting policies (Tables)	12 Months Ended
Summary of significant accounting policies (Tables)	Mar. 31, 2020
Finance Receivables on Nonaccrual Status	As of March 31, 2019 and 2020, finance receivables on nonaccrual status are as follows: Yen in millions March 31, Retail 9,401 10,434 Finance leases 2,431 3,300 Wholesale 18,217 13,023 Real estate 18,281 10,703 Working capital — 7,712 48,330 45,172
Finance Receivables 90 Days or More Past Due and Accruing	As of March 31, 2019 and 2020, finance receivables 90 days or more past due and accruing are as follows: Yen in millions March 31, Retail 28,438 37,709 Finance leases 3,821 5,161 32,259 42,870

Marketable securities and oth_2

Marketable securities and other securities investments (Tables)	12 Months Ended
	Mar. 31, 2020
Aggregate Cost, Gross Unrealized Gains and Losses and Fair Value of Marketable Securities and Other Securities Investments	Marketable securities and other securities investments include public and corporate bonds and common stocks for which the aggregate cost, gross unrealized gains and losses and fair value are as follows: Yen in millions March 31, 2019 Cost Gross Gross Fair value Available-for-sale Public and corporate bonds 5,837,423 82,022 73,256 5,846,189 Other 289,285 5,406 845 293,846 Total 6,126,708 87,428 74,101 6,140,035 Securities not practicable to determine fair value Public and corporate bonds 32,922 Yen in millions March 31, 2020 Gross Gross Available-for-sale Public and corporate bonds 5,237,131 196,260 22,092 5,411,299 Other 313,014 9,651 3,416 319,249 Total 5,550,145 205,911 25,508 5,730,548 Securities not practicable to determine fair value Public and corporate bonds 36,551
Gains and Losses Related to Equity Securities	Gain and losses related to equity securities are as follows: Yen in millions For the years ended March 31, 2019 2020 Net gains (losses) recognized on equity securities (334,636 ) (3,837 ) Less: Net gains (losses) recognized on equity securities sold 4,836 16,245 Unrealized gains (losses) on equity securities (339,472 ) (20,082 )

Finance receivables (Tables)

Finance receivables (Tables)	12 Months Ended
Finance receivables (Tables)	Mar. 31, 2020
Schedule of Finance Receivables	Finance receivables consist of the following: Yen in millions March 31, 2019 Retail 12,768,305 12,795,076 Finance leases 1,636,536 1,691,371 Wholesale and other dealer loans 3,489,757 3,479,613 17,894,598 17,966,060 Deferred origination costs 204,304 221,200 Unearned income (986,928 ) (919,053 ) Allowance for credit losses Retail (117,594 ) (151,490 ) Finance leases (26,483 ) (30,899 ) Wholesale and other dealer loans (39,008 ) (47,789 ) Total allowance for credit losses (183,085 ) (230,178 ) Total finance receivables, net 16,928,889 17,038,029 Less - Current portion (6,647,771 ) (6,614,171 ) Noncurrent finance receivables, net 10,281,118 10,423,858
Summary of Contractual Maturities	The contractual maturities of retail receivables, the future minimum lease payments on finance leases and the contractual maturities of wholesale and other dealer loans at March 31, 2020 are summarized as follows: Yen in millions Years ending March 31, Retail Finance Wholesale 2021 4,027,784 446,901 2,476,011 2022 3,034,099 335,850 308,745 2023 2,476,975 247,378 197,597 2024 1,749,643 134,481 157,317 2025 964,212 48,912 107,152 Thereafter 542,363 8,801 232,791 12,795,076
Summary of Finance Leases	Finance leases consist of the following: Yen in millions March 31, 2019 Minimum lease payments 1,158,242 1,222,323 Estimated unguaranteed residual values 478,294 469,048 1,636,536 1,691,371 Deferred origination costs 11,929 12,349 Less - Unearned income (143,838 ) (146,087 ) Less - Allowance for credit losses (26,483 ) (30,898 ) Finance leases, net 1,478,144 1,526,735
Amount of Finance Receivables Segregated into Aging Categories Based on Number of Days Outstanding	The table below shows the amount of the finance receivables segregated into aging categories based on the number of days outstanding as of March 31, 2019 and 2020: Yen in millions March 31, 2019 Retail Finance Wholesale Real estate Working Current 12,554,265 1,625,893 1,806,305 873,427 808,755 30-59 141,111 4,972 191 — — 60-89 35,090 1,396 100 — — 90 days or greater past due 37,839 4,275 393 106 480 Total 12,768,305 1,636,536 1,806,989 Yen in millions March 31, 2020 Retail Finance Wholesale Real estate Working Current 12,525,020 1,675,523 1,642,637 857,407 967,105 30-59 176,991 7,670 2,008 47 — 60-89 44,922 2,426 1,132 43 — 90 days or greater past due 48,143 5,752 9,011 196 27 Total 12,795,076 1,691,371 1,654,788
Recorded Investment for Credit Quality of Finance Receivable within Wholesale and Other Dealer Loan Receivables Portfolio Segment	The tables below show the recorded investment for credit quality of the finance receivable within the wholesale and other dealer loan receivables portfolio segment as of March 31, 2019 and 2020: The wholesale and other dealer loan receivables portfolio segment is primarily segregated into credit qualities below based on internal risk assessments by dealers. Performing: Account not classified as either Credit Watch, At Risk or Default Credit Watch: Account designated for elevated attention At Risk: Account where there is an increased likelihood that default may exist based on qualitative and quantitative factors Default: Account is not currently meeting contractual obligations or we have temporarily waived certain contractual requirements Yen in millions March 31, 2019 Wholesale Real estate Working capital Total Performing 1,566,475 743,379 789,948 3,099,802 Credit Watch 156,740 81,848 8,610 247,198 At Risk 58,550 45,564 10,189 114,303 Default 25,224 2,742 488 28,454 Total 1,806,989 873,533 809,235 3,489,757 Yen in millions March 31, 2020 Wholesale Real estate Working capital Total Performing 1,441,320 729,474 931,420 3,102,214 Credit Watch 133,892 82,322 22,293 238,507 At Risk 54,251 37,379 13,332 104,962 Default 25,325 8,518 87 33,930 Total 1,654,788 857,693 967,132 3,479,613
Impaired Finance Receivables	The tables below summarize information about impaired finance receivables: Yen in millions Recorded investment Unpaid principal balance Individually evaluated allowance March 31, March 31, March 31, 2019 2020 2019 2020 2019 2020 Impaired account balances individually evaluated for impairment with an allowance: Wholesale 18,187 11,687 18,187 11,687 3,141 2,005 Real estate 10,545 7,948 10,545 7,948 1,280 1,003 Working capital 7,451 10,040 7,451 10,040 6,670 4,163 Total 36,183 29,675 36,183 29,675 11,091 7,171 Impaired account balances individually evaluated for impairment without an allowance: Wholesale 14,429 10,121 14,429 10,121 Real estate 16,870 16,157 16,870 16,157 Working capital 2,220 2,068 2,220 2,068 Total 33,519 28,346 33,519 28,346 Impaired account balances aggregated and evaluated for impairment: Retail 29,537 30,753 28,788 30,109 Finance leases 99 103 75 42 Total 29,636 30,856 28,863 30,151 Total impaired account balances: Retail 29,537 30,753 28,788 30,109 Finance leases 99 103 75 42 Wholesale 32,616 21,808 32,616 21,808 Real estate 27,415 24,105 27,415 24,105 Working capital 9,671 12,108 9,671 12,108 Total 99,338 88,877 98,565 88,172

Inventories (Tables)

Inventories (Tables)	12 Months Ended
Inventories (Tables)	Mar. 31, 2020
Components of Inventories	Inventories consist of the following: Yen in millions March 31, 2019 Finished goods 1,746,159 1,517,173 Raw materials 475,504 485,069 Work in process 324,921 315,139 Supplies and other 109,812 117,537 Total 2,656,396 2,434,918

Vehicles and equipment on ope_2

Vehicles and equipment on operating leases (Tables)	12 Months Ended
Vehicles and equipment on operating leases (Tables)	Mar. 31, 2020
Summary of Vehicles and Equipment on Operating Lease	Vehicles and equipment on operating leases consist of the following: Yen in millions March 31, 2019 Vehicles 6,383,788 6,153,695 Equipment 14,499 17,148 Less - Deferred income and other (259,124 ) (241,610 ) 6,139,163 5,929,233 Less - Accumulated depreciation (1,428,779 ) (1,374,172 ) Less - Allowance for credit losses (13,314 ) (12,171 ) Vehicles and equipment on operating leases, net 4,697,070 4,542,890
Future Minimum Rentals from Vehicles and Equipment on Operating Leases	Future minimum rentals from vehicles and equipment on operating leases are due in installments as follows: Years ending March 31, Yen in millions 2021 802,119 2022 531,098 2023 241,462 2024 59,415 2025 13,455 Thereafter 6,195 Total minimum future rentals 1,653,744

Allowance for doubtful accoun_2

Allowance for doubtful accounts and credit losses (Tables)	12 Months Ended
Allowance for doubtful accounts and credit losses (Tables)	Mar. 31, 2020
Allowance for Doubtful Accounts Relating to Trade Accounts and Notes Receivable	The net changes in the allowance for doubtful accounts relating to trade accounts and notes receivable for the years ended March 31, 2018, 2019 and 2020 are as follows: Yen in millions For the years ended March 31, 2018 2019 2020 Allowance for doubtful accounts at beginning of year 100,712 98,590 90,373 Provision for doubtful accounts, net of reversal (74 ) (1,375 ) 5,689 Write-offs (2,374 ) (2,472 ) (2,691 ) Other 326 (4,370 ) (3,019 ) Allowance for doubtful accounts at end of year 98,590
Allowance for Credit Losses Relating to Finance Receivables and Vehicles and Equipment on Operating Leases	The net changes in the allowance for credit losses relating to finance receivables and vehicles and equipment on operating leases for the years ended March 31, 2018, 2019 and 2020 are as follows: Yen in millions For the years ended March 31, 2018 2019 2020 Allowance for credit losses at beginning of year 178,101 184,087 196,399 Provision for credit losses, net of reversal 76,143 81,440 137,293 Charge-offs (96,444 ) (91,698 ) (98,352 ) Recoveries 25,344 26,178 25,578 Other 943 (3,608 ) (18,569 ) Allowance for credit losses at end of year 184,087 196,399 242,349
Allowance for Credit Losses Relating to Retail Receivables, Finance Lease Receivables and Wholesale and Other Dealer Loan Receivables Portfolio Segments	The net changes in the allowance for credit losses above relating to retail receivables portfolio segment, finance lease receivables portfolio segment and wholesale and other dealer loan receivables portfolio segment for the years ended March 31, 2018, 2019 and 2020 are as follows: Yen in millions For the year ended March 31, 2018 Retail Finance leases Wholesale and Allowance for credit losses at beginning of year 104,354 23,962 30,896 Provision for credit losses, net of reversal 52,891 7,115 6,497 Charge-offs (74,868 ) (2,708 ) (823 ) Recoveries 20,511 315 59 Other 569 133 171 Allowance for credit losses at end of year 103,457 28,817 36,800 Yen in millions For the year ended March 31, 2019 Retail Finance leases Wholesale and Allowance for credit losses at beginning of year 103,457 28,817 36,800 Provision for credit losses, net of reversal 68,470 710 3,990 Charge-offs (72,657 ) (2,903 ) (1,111 ) Recoveries 20,485 345 45 Other (2,161 ) (486 ) (716 ) Allowance for credit losses at end of year 117,594 26,483 39,008 Yen in millions For the year ended March 31, 2020 Finance leases Wholesale and Allowance for credit losses at beginning of year 117,594 26,483 39,008 Provision for credit losses, net of reversal 107,784 9,716 12,544 Charge-offs (82,613 ) (3,267 ) (105 ) Recoveries 20,277 353 33 Other (11,552 ) (2,386 ) (3,691 ) Allowance for credit losses at end of year 151,490 30,899 47,789

Affiliated companies and vari_2

Affiliated companies and variable interest entities (Tables)	12 Months Ended
	Mar. 31, 2020
Summary of Financial Information for Affiliated Companies Accounted for by Equity Method	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 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 Significant Portion of Toyota's Investment in Affiliated Companies and Percentage of Ownership	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 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	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 Accounts payable and other payables 845,755 780,935 Yen in millions For the years ended March 31, 2018 2019 2020 Net revenues 2,004,632 2,213,236 2,423,338 Purchases 5,749,430 6,431,464 6,781,279

Short-term borrowings and lon_2

Short-term borrowings and long-term debt (Tables)	12 Months Ended
Short-term borrowings and long-term debt (Tables)	Mar. 31, 2020
Short-term Borrowings	Yen in millions March 31, 2019 Loans, principally from banks, with a weighted-average interest at March 31, 2019 and March 31, 2020 of 2.11% and of 2.03% per annum, respectively 1,468,430 1,179,230 Commercial paper with a weighted-average interest at March 31, 2019 and March 31, 2020 of 2.28% and of 1.50% per annum, respectively 3,876,544 4,106,796 5,344,973 5,286,026
Long-term Debt	Long-term debt at March 31, 2019 and 2020 comprises the following: Yen in millions March 31, 2019 2020 Unsecured loans, representing obligations principally to banks, due 2019 to 2041 in 2019 and due 2020 to 2041 in 2020 with a weighted-average interest at March 31, 2019 and March 31, 2020 of 2.78% and of 2.37% per annum, respectively 3,441,336 3,713,541 Secured loans, representing obligations principally to finance receivables securitization due 2019 to 2026 in 2019 and due 2020 to 2034 in 2020 with a weighted-average interest at March 31, 2019 and March 31, 2020 of 2.47% and of 1.98% per annum, respectively 1,840,204 1,983,976 Medium-term notes of consolidated subsidiaries, due 2019 to 2048 in 2019 and due 2020 to 2048 in 2020 with a weighted-average interest at March 31, 2019 and March 31, 2020 of 2.46% and of 2.05% per annum, respectively 7,372,550 7,442,590 Unsecured notes of parent company, due 2019 to 2037 in 2019 and due 2020 to 2037 in 2020 with a weighted-average interest at March 31, 2019 and March 31, 2020 of 1.84% and of 1.85% per annum, respectively 511,980 650,905 Unsecured notes of consolidated subsidiaries, due 2019 to 2031 in 2019 and due 2020 to 2031 in 2020 with a weighted-average interest at March 31, 2019 and March 31, 2020 of 2.12% and of 1.70% per annum, respectively 1,566,994 1,412,368 Secured notes of consolidated subsidiaries, due 2019 to 2022 in 2019 and due 2020 to 2023 in 2020 with a weighted-average interest at March 31, 2019 and March 31, 2020 of 7.78% and of 7.52% per annum, respectively 53,120 34,626 Long-term finance lease obligations, due 2019 to 2035 in 2019 and due 2020 to 2049 in 2020 with inter e 19,021 28,937 14,805,205 15,266,943 Less - Current portion due within one year (4,254,260 ) (4,574,045 ) 10,550,945 10,692,898
Aggregate Amounts of Annual Maturities of Long-term Debt During Next Five Years	The aggregate amounts of annual maturities of long-term debt during the next five years are as follows: Years ending March 31, Yen in millions 2021 4,574,045 2022 3,692,634 2023 3,014,979 2024 1,575,717 2025 1,210,354

Product warranties and recall_2

Product warranties and recalls and other safety measures (Tables)	12 Months Ended
	Mar. 31, 2020
Net Changes in Liabilities for Quality Assurances	The net changes in liabilities for quality assurances above for the years ended March 31, 2018, 2019 and 2020 consist of the following: Yen in millions For the years ended March 31, 2018 2019 Liabilities for quality assurances at beginning of year 1,696,938 1,702,312 1,769,275 Payments made during year (586,943 ) (489,461 ) (490,117 ) Provision for quality assurances 649,377 565,012 314,494 Changes relating to pre-existing (56,769 ) (1,411 ) (34,345 ) Other (291 ) (7,177 ) (6,194 ) Liabilities for quality assurances at end of year 1,702,312 1,769,275 1,553,113
Net Changes in Liabilities for Recalls and Other Safety Measures which are Comprised in Liabilities for Quality Assurances	The table below shows the net changes in liabilities for recalls and other safe ty ed Yen in millions For the years ended March 31, 2018 2019 Liabilities for recalls and other safety measures at beginning of year 1,275,200 1,275,256 1,302,309 Payments made during year (456,177 ) (396,971 ) (363,708 ) Provision for recalls and other safety measures 454,391 428,613 169,134 Other 1,842 (4,589 ) (3,024 ) Liabilities for recalls and other safety measures at end of year 1,275,256 1,302,309 1,104,711

Income taxes (Tables)

Income taxes (Tables)	12 Months Ended
Income taxes (Tables)	Mar. 31, 2020
Components of Income Before Income Taxes	The components of income before income taxes comprise the following: Yen in millions For the years ended March 31, 2018 2019 Income before income taxes: Parent company and domestic subsidiaries 1,880,971 1,552,975 1,704,397 Foreign subsidiaries 739,458 732,490 850,210 2,620,429 2,285,465 2,554,607
Provision for Income Taxes	The provision for income taxes consists of the following: Yen in millions For the years ended March 31, 2018 2019 Current income tax expense: Parent company and domestic subsidiaries 565,998 599,521 483,087 Foreign subsidiaries 176,369 147,017 8,196 Total current 742,367 746,538 491,283 Deferred income tax expense (benefit): Parent company and domestic subsidiaries 45,097 (110,608 ) 45,739 Foreign subsidiaries (283,058 ) 24,014 146,408 Total deferred (237,961 ) (86,594 ) 192,147 Total provision 504,406 659,944 683,430
Reconciliation of Differences Between Statutory Tax Rate and Effective Income Tax Rate	Reconciliation of the differences between the statutory tax rate and the effective income tax rate is as follows: For the years ended March 31, 2018 2019 2020 Statutory tax rate 31.1 % 30.9 % 30.9 % Increase (reduction) in taxes resulting from: Non-deductible 0.4 0.4 0.4 Deferred tax liabilities on undistributed earnings of foreign subsidiaries 1.1 1.2 1.0 Deferred tax liabilities on undistributed earnings of affiliated companies accounted for by 3.8 3.1 1.7 Valuation allowance (2.0 ) 0.2 0.5 Tax credits (4.3 ) (5.3 ) (4.9 ) The difference between the statutory tax rate in Japan and that of foreign subsidiaries (1.5 ) (2.3 ) (2.7 ) Unrecognized tax benefits adjustments 0.2 (0.1 ) (0.4 ) Revision to reduce deferred tax assets and liabilities at the fiscal year-end — — — Effect of the Tax Cuts and Jobs Act of 2017 of the United States (9.5 ) — — Other (0.1 ) 0.8 0.3 Effective income tax rate 19.2 % 28.9 % 26.8 %
Components of Deferred Tax Assets and Liabilities	Significant components of deferred tax a ss Yen in millions March 31, 2019 Deferred tax assets Accrued pension and severance costs 256,478 277,528 Accrued expenses and liabilities for quality assurances 664,950 601,108 Other accrued employees’ compensation 121,024 118,961 Operating loss carryforwards for tax purposes 364,220 55,918 Allowance for doubtful accounts and credit losses 69,049 73,620 Property, plant and equipment and other assets 266,866 282,136 Other 338,744 268,040 Gross deferred tax assets 2,081,331 1,677,311 Less - Valuation allowance (93,599 ) (110,642 ) Total deferred tax assets 1,987,732 1,566,669 Deferred tax liabilities Unrealized gains on securities, net (493,052 ) (421,846 ) Undistributed earnings of foreign subsidiaries (25,972 ) (24,808 ) Undistributed earnings of affiliated companies accounted for by the equity (836,860 ) (952,660 ) Basis difference of acquired assets (29,116 ) (29,756 ) Lease transactions (946,128 ) (739,911 ) Other (169,583 ) (86,072 ) Gross deferred tax liabilities (2,500,711 ) (2,255,053 ) Net deferred tax liability (512,979 ) (688,384 ) The deferred tax assets and liabilities above that comprise the net deferred tax liability are included in the consolidated balance sheets as follows: Yen in millions March 31, 2019 Deferred tax assets Investments and other assets - Other 501,872 354,785 Deferred tax liabilities Deferred income taxes (Long-term liabilities) (1,014,851 ) (1,043,169 ) Net deferred tax liability (512,979 ) (688,384 )
Net Changes in Total Valuation Allowance for Deferred Tax Assets	The net changes in the total valuation allowance for deferred tax assets for the years ended March 31, 2018, 2019 and 2020 consist of the following: Yen in millions For the years ended March 31, 2018 2019 Valuation allowance at beginning of year 146,623 93,814 93,599 Additions 16,106 13,967 27,629 Deductions (74,435 ) (9,801 ) (6,089 ) Other 5,520 (4,381 ) (4,497 ) Valuation allowance at end of year 93,814 93,599 110,642
Summary of Gross Unrecognized Tax Benefits Changes	A summary of the gross unrecognized tax benefits changes for the years ended March 31, 2018, 2019 and 2020 is as follows: Yen in millions For the years ended March 31, 2018 2019 Balance at beginning of year 21,553 21,564 17,268 Additions based on tax positions related to the current year 612 1,212 2,199 Additions for tax positions of prior years 13,954 1,304 127 Reductions for tax positions of prior years (13,217 ) (819 ) (9,586 ) Reductions for tax positions related to lapse of statute of limitations — — — Reductions for settlements (26 ) (6,696 ) (298 ) Other (1,312 ) 703 (1,363 ) Balance at end of year 21,564 17,268 8,347

Class Shares (Tables)

Class Shares (Tables)	12 Months Ended
Class Shares (Tables)	Mar. 31, 2020
Additional Information Regarding Model AA Class Shares	Presented below is additional information regarding the Model AA Class Shares: Total number of shares issued : 47,100,000 shares Issue price : 10,598 yen per share Purchase price : 10,121.09 yen per share Voting rights : Model AA Class Shares shall have voting rights. The number of shares constituting one unit with respect to Model AA Class Shares shall be 100. Restrictions on transfer : Model AA Class Shares shall have restrictions on transfer. Dividends : (1) If the record date falls in the fiscal year ending (2) (3) Shareholder’s right : (1) Shareholder’s conversion right into Common Shares Shareholders of the Model AA Class Shares may demand TMC to acquire all or a part of their Model AA Class Shares in exchange for Common Shares on the first business day of April and October of every year, starting October 1, 2020. (2) Shareholders of the Model AA Class Shares may demand TMC to acquire all or a part of their Model AA Class Shares in exchange for cash on the last business day of March, June, September and December of each year, starting on September 1, 2020. TMC’s right : TMC may acquire, on or after April 2, 2021, all of the outstanding Model AA Class Shares in exchange for cash.

Shareholders' equity (Tables)

Shareholders' equity (Tables)	12 Months Ended
Shareholders' equity (Tables)	Mar. 31, 2020
Changes in Number of Shares of Common Stock Issued	Changes in the number of shares of common stock issued have resulted from the following: For the years ended March 31, 2018 2019 Common stock issued Balance at beginning of year 3,262,997,492 3,262,997,492 3,262,997,492 Issuance during the year — — — Purchase and retirement — — — Balance at end of year 3,262,997,492 3,262,997,492 3,262,997,492
Additional Information Regarding Repurchase, Reissuance and Retirement of Treasury Stock	The repurchase, reissuance and retirement of treasury stock for the years ended March 31, 2018, 2019 and 2020 are as follows: For the year ended March 31, 2018 Repurchase of treasury stock Reason for repurchasing treasury stock - The repurchase was made to return capital to shareholders in addition to promoting capital efficiency and agile capital policy in view of the business environment. Details of matters relating to repurchase - Number of common shares repurchased 73,708,400 shares Total purchase price for repurchase of shares ¥499,989 million Reissuance of treasury stock Reason for reissuing treasury stock - On August 4, 2017, the parent company and Mazda Motor Corporation (Mazda) signed an agreement to enter a business and capital alliance, with the aim of further strengthening their lasting partnership. The parent company acquired common stock newly issued by Mazda through a third-party allotment. Mazda acquired the parent company’s shares that were equivalent in value to the Mazda shares through a disposition of treasury stock involving a third-party allotment implemented by the parent company. Details of matters relating to reissuance - Number of common shares reissued 8,293,300 shares Amount of proceeds ¥50,000 million For the year ended March 31, 2019 Repurchase of treasury stock Reason for repurchasing treasury stock - The repurchase was made to return capital to shareholders in addition to promoting capital efficiency and agile capital policy in view of the business environment. Details of matters relating to repurchase - Number of common shares repurchased 77,622,700 shares Total purchase price for repurchase of shares ¥549,986 million For the year ended March 31, 2020 Repurchase of treasury stock Reason for repurchasing treasury stock - The repurchase was made to return capital to shareholders in addition to promoting capital efficiency and agile capital policy in view of the business environment. Details of matters relating to repurchase - Number of common shares repurchased 69,532,900 shares Total purchase price for repurchase of shares ¥500,139 million Reissuance of treasury stock Reason for reissuing treasury stock - On May 9, 2019, the parent company resolved to conclude contracts aimed toward the establishment of a new joint venture, Prime Life Technologies, related to a town development business with Panasonic. Pursuant to these contracts, the parent company, THC and Misawa Homes conducted a share exchange in which common shares of Toyota were allotted in exchange for common shares of Misawa Homes so that THC, a consolidated subsidiary of the parent company, will become the wholly owning parent company resulting from the share exchange and Misawa Homes, a consolidated subsidiary of THC, will become the wholly owned subsidiary resulting from the share exchange. Details of matters relating to reissuance - Number of common shares reissued 3,269,500 shares Amount of reissuance ¥24,181 million

Accumulated other comprehensi_2

Accumulated other comprehensive income (Tables)	12 Months Ended
Accumulated other comprehensive income (Tables)	Mar. 31, 2020
Components of Accumulated Other Comprehensive Income (Loss) and Related Changes, Net of Taxes	Changes in accumulated other comprehensive income (loss) are as foll o Yen in millions Foreign Unrealized Pension Accumulated Balance at March 31, 2017 (560,108 ) 1,426,003 (224,973 ) 640,922 Other comprehensive income (loss) before reclassifications, net of taxes of ¥(3,624) million, ¥38,539 million, ¥(7,568) million and ¥27,347 million (113,942 ) (72,501 ) 15,814 (170,629 ) Reclassifications, net of taxes of ¥— million, ¥9,729 million, ¥(2,500) million and ¥7,229 million (6,664 ) (22,058 ) 6,501 (22,221 ) Other comprehensive income (loss), net of tax (120,606 ) (94,559 ) 22,315 (192,850 ) Less - Other comprehensive income attributable to noncontrolling interests 1,629 (2,022 ) (580 ) (973 ) Equity transaction with noncontrolling interests and other — 162 (11,562 ) (11,400 ) Balance at March 31, 2018 (679,085 ) 1,329,584 (214,800 ) 435,699 Effect of change in accounting policy 105 (1,309,725 ) — (1,309,620 ) Other comprehensive income (loss) before reclassifications, net of taxes of ¥8,703 million, ¥3,382 million, ¥25,795 million and ¥37,880 million 25,639 (6,139 ) (62,288 ) (42,788 ) Reclassifications, net of taxes of ¥— million, ¥6,963 million, ¥(2,892) million and ¥4,071 million 1,377 (15,026 ) 7,452 (6,197 ) Other comprehensive income (loss), net of tax 27,016 (21,165 ) (54,836 ) (48,985 ) Less - Other comprehensive income attributable to noncontrolling interests 2,432 54 3,770 6,256 Balance at March 31, 2019 (649,532 ) (1,252 ) (265,866 ) (916,650 ) Other comprehensive income (loss) before reclassifications, net of taxes of ¥1,865 million, ¥(50,969) million, ¥26,259 million and ¥(22,845) million (333,854 ) 113,978 (66,203 ) (286,079 ) Reclassifications, net of taxes of ¥— million, ¥(1,960) million, ¥(2,400) million and ¥(4,360) million — 4,385 6,007 10,392 Other comprehensive income (loss), net of tax (333,854 ) 118,363 (60,196 ) (275,687 ) Less - Other comprehensive income attributable to noncontrolling interests 20,668 40 (440 ) 20,268 Equity transaction with noncontrolling interests and other 3,432 (124 ) 2,488 5,796 Balance at March 31, 2020 (959,286 ) 117,027 (324,014 ) (1,166,273 )
Reclassifications Out of Accumulated Other Comprehensive Income (Loss)	Reclassifications for the years ended March 31, 2018, 2019 and 2020 consist of the following: Yen in millions For the years ended March 31, Affected line items 2018 2019 Foreign currency translation adjustments: (6,664 ) 1,377 — Other income (loss), net (6,664 ) 1,377 — Income before income taxes and equity in earnings of affiliated companies (6,664 ) 1,377 — Net income Unrealized gains (losses) on securities: (4,567 ) 1,243 (93 ) Financing operations (25,247 ) (22,374 ) 8,823 Foreign exchange gain (loss), net (1,993 ) (827 ) (2,484 ) Other income (loss), net (31,807 ) (21,958 ) 6,246 Income before income taxes and equity in earnings of affiliated companies 9,729 6,963 (1,960 ) Provision for income taxes 20 (31 ) 99 Equity in earnings of affiliated companies (22,058 ) (15,026 ) 4,385 Net income Pension liability adjustments: Recognized net actuarial loss 12,914 14,029 12,611 1 Amortization of prior service costs (3,913 ) (3,685 ) (4,204 ) 1 9,001 10,344 8,407 Income before income taxes and equity in earnings of affiliated companies (2,500 ) (2,892 ) (2,400 ) Provision for income taxes 6,501 7,452 6,007 Net income Total reclassifications, net of tax (22,221 ) (6,197 ) 10,392 *1: Reclassifications of pension liability adjustments are affected under C

Stock-based compensation (Table

Stock-based compensation (Tables)	12 Months Ended
Stock-based compensation (Tables)	Mar. 31, 2020
Summary of Toyota's Stock Option Activity	The following table summarizes Toyota’s stock option activity: Yen Yen in Number of Weighted- Weighted- Aggregate Options outstanding at March 31, 2017 1,192,300 3,682 0.80 2,813 Granted — — Exercised (643,800 ) 3,726 Canceled (264,900 ) 4,154 Options outstanding at March 31, 2018 283,600 3,153 0.33 1,041 Granted — — Exercised (155,100 ) 3,156 Canceled (128,500 ) 3,153 Options outstanding at March 31, 2019 — — — — Granted — — Exercised — — Canceled — — Options outstanding at March 31, 2020 — — — — Options exercisable at March 31, 2018 283,600 3,153 0.33 1,041 Options exercisable at March 31, 2019 — — — — Options exercisable at March 31, 2020 — — — —

Employee benefit plans (Tables)

Employee benefit plans (Tables)	12 Months Ended
Employee benefit plans (Tables)	Mar. 31, 2020
Information Regarding Defined Benefit Plans	Information regarding Toyota’s defined benefit plans is as follows: Yen in millions March 31, Japanese plans Foreign plans 2019 2019 Change in benefit obligation Benefit obligation at beginning of year 2,019,310 2,100,073 1,097,981 1,186,897 Service cost 99,838 93,298 46,930 46,869 Interest cost 12,967 10,514 40,708 40,335 Plan participants’ contributions 974 1,014 1,045 2,018 Plan amendments (1,067 ) (988 ) 13 3,308 Net actuarial (gain) loss 67,391 (48,602 ) 7,755 (2,865 ) Acquisition and other (20,786 ) (55,070 ) 21,634 (28,548 ) Benefits paid (78,554 ) (48,796 ) (29,169 ) (40,200 ) Benefit obligation at end of year 2,100,073 2,051,443 1,186,897 1,207,814 Change in plan assets Fair value of plan assets at beginning of year 1,612,879 1,600,491 815,483 882,784 Actual return on plan assets 3,208 (70,503 ) 59,237 13,421 Acquisition and other (13,705 ) (41,105 ) 12,696 (28,068 ) Employer contributions 41,276 38,144 18,952 29,407 Plan participants’ contributions 974 1,014 1,045 2,018 Benefits paid (44,141 ) (15,010 ) (24,629 ) (30,661 ) Fair value of plan assets at end of year 1,600,491 1,513,031 882,784 868,901 Funded status 499,582 538,412 304,113 338,913
Amounts Recognized in Consolidated Balance Sheet Associated with Defined Benefit Plans	Amounts recognized in the consolidated balance sheets as of March 31, 2019 and 2020 are comprised of the following: Yen in millions March 31, Japanese plans Foreign plans 2019 2019 Accrued expenses (Accrued pension and severance costs) 34,298 33,422 3,234 7,934 Accrued pension and severance costs 657,380 639,764 306,026 338,862 Investments and other assets - Other (Prepaid pension and severance costs) (192,096 ) (134,774 ) (5,147 ) (7,883 ) Net amount recognized 499,582 538,412 304,113 338,913
Amounts Recognized in Accumulated Other Comprehensive Income (Loss)	Amounts recognized in accumulated other comprehensive income (loss) as of March 31, 2019 and 2020 are comprised of the following: Yen in millions March 31, Japanese plans Foreign plans 2019 2019 Net actuarial loss (339,814 ) (383,485 ) (91,072 ) (116,171 ) Prior service costs 29,801 21,538 (1,612 ) (5,352 ) Net transition obligation — — — Net amount recognized (310,013 ) (361,947 ) (92,684 ) (121,523 )
Projected Benefit Obligation, Accumulated Benefit Obligation and Fair Value of Plan Assets for which Accumulated Benefit Obligations Exceed Plan Assets	The projected benefit obligation and fair value of plan assets for which the projected benefit obligations exceed plan assets are as follows: Yen in millions March 31, Japanese plans Foreign plans 2019 2019 2020 Projected benefit obligation 878,009 846,068 681,025 1,025,234 Fair value of plan assets 203,277 188,241 357,583 678,522 The accumulated benefit obligation and fair value of plan assets for which the accumulated benefit obligations exceed plan assets are as follows: Yen in millions March 31, Japanese plans Foreign plans 2019 2020 2019 2020 Accumulated benefit obligation 847,017 783,561 515,918 403,810 Fair value of plan assets 198,315 155,345 215,006 93,717
Components of Net Periodic Pension Cost	Components of the net periodic pension cost are as follows: Yen in millions For the years ended March 31, Japanese plans Foreign plans 2018 2019 2018 2019 Service cost 88,964 99,838 93,298 35,887 46,930 46,869 Interest cost 13,252 12,967 10,514 37,817 40,708 40,335 Expected return on plan assets (36,409 ) (38,551 ) (37,813 ) (41,048 ) (37,530 ) (43,003 ) Amortization of prior service costs (4,226 ) (3,904 ) (4,346 ) 313 219 142 Recognized net actuarial loss 7,462 6,927 8,356 5,452 7,102 4,255 Amortization of net transition obligation — — — — — — Net periodic pension cost 69,043 77,277 70,009 38,421 57,429 48,598
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Loss)	Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss) are as follows: Yen in millions For the years ended March 31, Japanese plans Foreign plans 2018 2019 2018 2019 Net actuarial gain (loss) 39,852 (102,734 ) (59,714 ) (17,163 ) 13,952 (26,717 ) Recognized net actuarial loss 7,462 6,927 8,356 5,452 7,102 4,255 Prior service costs 58 1,067 988 12 (13 ) (3,308 ) Amortization of prior service costs (4,226 ) (3,904 ) (4,346 ) 313 219 142 Amortization of net transition obligation — — — — — — Other (7,979 ) 4,610 2,782 9,004 7,289 (3,211 ) Total recognized in other comprehensive income (loss) 35,167 (94,034 ) (51,934 ) (2,382 ) 28,549 (28,839 )
Weighted-Average Assumptions Used to Determine Benefit Obligations and Net Periodic Pension Cost	Weighted-average assumptions used to determine benefit obligations as of March 31, 2019 and 2020 are as follows: March 31, Japanese plans Foreign plans 2019 2020 2019 2020 Discount rate 0.6 % 0.6 % 3.8 % 3.5 % Rate of compensation increase 3.1 % 2.5 % 3.5 % 3.4 % As of March 31, 2019 and 2020, the parent company and certain subsidiaries in Japan employ “point” based retirement benefit plans and do not use the rates of compensation increase to determine benefit obligations. Weighted-average assumptions used to determine net periodic pension cost for the years ended March 31, 2018, 2019 and 2020 are as follows: For the years ended March 31, Japanese plans Foreign plans 2018 2019 2020 2018 2019 2020 Discount rate 0.7 % 0.7 % 0.6 % 4.0 % 3.9 % 3.8 % Expected return on plan assets 2.4 % 2.4 % 2.4 % 6.0 % 5.6 % 5.2 % Rate of compensation increase 2.9 % 3.3 % 3.1 % 3.8 % 3.6 % 3.5 %
Summary of Fair Value of Classes of Plan Assets	The following table summarizes the fair value of classes of plan assets as of March 31, 2019 and 2020. See note 28 to the consolidated financial statements for three levels of input which are used to measure fair value. Japanese plans Yen in millions March 31, 2019 Level 1 Level 2 Total Equity securities Common stocks 531,159 — — 531,159 Commingled funds — 192,012 — 192,012 531,159 192,012 — 723,171 Debt securities Government bonds 98,578 — — 98,578 Commingled funds — 286,783 — 286,783 Other — 54,652 — 54,652 98,578 341,435 — 440,013 Insurance contracts — 226,093 — 226,093 Other 84,208 38,439 4,242 126,889 Investments measured at net asset value — — — 84,325 Total 713,945 797,979 4,242 1,600,491 Yen in millions March 31, 2020 Level 1 Level 2 Level 3 Total Equity securities Common stocks 467,885 — — 467,885 Commingled funds — 135,979 — 135,979 467,885 135,979 — 603,864 Debt securities Government bonds 86,212 — — 86,212 Commingled funds — 278,394 — 278,394 Other — 75,644 — 75,644 86,212 354,038 — 440,250 Insurance contracts — 226,043 — 226,043 Other 89,986 59,780 6,199 155,965 Investments measured at net asset value — — — 86,909 Total 644,083 775,840 1,513,031 Foreign plans Yen in millions March 31, 2019 Level 1 Level 2 Total Equity securities Common stocks 123,875 — — 123,875 Commingled funds — 215,386 — 215,386 123,875 215,386 — 339,261 Debt securities Government bonds 141,054 — — 141,054 Commingled funds — — — — Other — 164,877 — 164,877 141,054 164,877 — 305,931 Insurance contracts — — — — Other 10,292 24,810 27,903 63,005 Investments measured at net asset value — — — 174,587 Total 275,221 405,073 Yen in millions March 31, 2020 Level 1 Level 2 Level 3 Equity securities Common stocks 111,997 — — 111,997 Commingled funds — 186,918 — 186,918 111,997 186,918 — 298,915 Debt securities Government bonds 181,702 — — 181,702 Commingled funds — — — — Other — 170,650 — 170,650 181,702 170,650 — 352,352 Insurance contracts — — — — Other 10,425 24,410 28,251 63,086 Investments measured at net asset value — — — 154,548 Total 304,124 381,978 28,251 868,901
Changes in Level 3 Plan Assets Measured At Fair Value	The following tables summarize the changes in Level 3 plan assets measured at fair value for the years ended March 31, 2018, 2019 and 2020: Japanese plans Yen in millions For the years ended March 31, 2018 2019 2020 Debt Other Total Debt Other Total Debt Other Balance at beginning of year 81 19 — 19 — 4,242 4,242 Actual return on plan assets — (4 ) (4 ) — (164 ) (164 ) — (43 ) (43 ) Purchases, sales and settlements (62 ) (492 ) (554 ) (19 ) — (19 ) — — — Other — — — — 4,406 4,406 — 2,000 2,000 Balance at end of year 19 — 19 — 4,242 4,242 — 6,199 6,199 Foreign plans Yen in millions For the years ended March 31, 2018 2019 Other Other Other Balance at beginning of year 30,903 31,288 27,903 Actual return on plan assets 2,024 (4,784 ) 891 Purchases, sales and settlements — — — Other (1,639 ) 1,399 (543 ) Balance at end of year 31,288 27,903 28,251
Expected Benefit Payments Associated with Pension and Postretirement Benefit Plans	The following pension benefit payments, which reflect expected future service, as appropriate, are expected to be paid: Yen in millions Years ending March 31, Japanese plans Foreign plans 2021 82,748 43,815 2022 86,207 45,841 2023 87,914 47,645 2024 90,887 49,795 2025 87,909 50,854 from 2026 to 2030 441,675 281,343 Total 877,340 519,293

Derivative financial instrume_2

Derivative financial instruments (Tables)	12 Months Ended
Derivative financial instruments (Tables)	Mar. 31, 2020
Fair Values of Derivative Financial Instruments	The following table summarizes the fair values of derivative financial instruments as of March 31, 2019 and 2020: Yen in millions March 31, 2019 Derivative assets Derivative financial instruments designated as hedging instruments Interest rate and currency swap agreements Prepaid expenses and other current assets — — Investments and other assets - Other — — Total — — Undesignated derivative financial instruments Interest rate and currency swap agreements Prepaid expenses and other current assets 74,971 105,724 Investments and other assets - Other 114,642 372,786 Total 189,613 478,510 Foreign exchange forward and option contracts Prepaid expenses and other current assets 10,720 25,316 Investments and other assets - Other — — Total 10,720 25,316 Total derivative assets 200,333 503,826 Counterparty netting (89,364 ) (176,541 ) Collateral received (46,590 ) (121,979 ) Carrying value of derivative assets 64,379 205,306 Derivative liabilities Derivative financial instruments designated as hedging instruments Interest rate and currency swap agreements Other current liabilities — — Other long-term liabilities — — Total — — Undesignated derivative financial instruments Interest rate and currency swap agreements Other current liabilities (28,911 ) (76,492 ) Other long-term liabilities (189,157 ) (343,271 ) Total (218,068 ) (419,763 ) Foreign exchange forward and option contracts Other current liabilities (13,847 ) (17,245 ) Other long-term liabilities — — Total (13,847 ) (17,245 ) Total derivative liabilities (231,915 ) (437,008 ) Counterparty netting 89,364 176,541 Collateral posted 110,159 234,937 Carrying value of derivative liabilities (32,392 ) (25,530 )
Notional Amounts of Derivative Financial Instruments	The following table summarizes the notional amounts of derivative financial instruments as of March 31, 2019 and 2020: Yen in millions March 31, 2019 2020 Designated derivative financial instruments Undesignated derivative financial instruments Designated derivative financial instruments Undesignated derivative financial instruments Interest rate and currency swap agreements — 21,001,883 — 20,310,018 Foreign exchange forward and option contracts — 4,005,578 — 3,916,824 Total — 25,007,461 — 24,226,842
Gains and Losses on Derivative Financial Instruments and Hedged Items Reported in Consolidated Statement of Income	The following table summarizes the gains and losses on derivative financial instruments and hedged items reported in the consolidated statements of income for the years ended March 31, 2018, 2019 and 2020: Yen in millions For the years ended March 31, 2018 2019 2020 Gains or (losses) on derivative financial instruments Gains or (losses) on hedged items Gains or (losses) on derivative financial instruments Gains or (losses) on hedged items Gains or (losses) on derivative financial instruments Gains or (losses) on hedged items Derivative financial instruments designated as hedging instruments Interest rate and currency swap agreements Cost of financing operations 782 (227 ) (822 ) 799 — — Undesignated derivative financial instruments Interest rate and currency swap agreements Cost of financing operations 42,220 (18,433 ) 51,552 Foreign exchange gain (loss), net 30,339 37,124 67,142 Foreign exchange forward and option Cost of financing operations 6,442 2,240 33,538 Foreign exchange gain (loss), net 73,115 (69,826 ) 8,281

Other financial instruments (Ta

Other financial instruments (Tables)	12 Months Ended
Other financial instruments (Tables)	Mar. 31, 2020
Estimated Fair Value of Toyota's Financial Instrument, Excluding Marketable Securities, Other Securities Investments, Investments and Other Assets in Affiliated Companies and Derivative Financial Instruments	The following table summarizes the estimated fair values of Toyota’s financial instruments, excluding marketable securities, other securities investments, investments and other assets in affiliated companies and derivative financial instruments. See note 28 to the consolidated financial statements for three levels of input which are used to measure fair value. Yen in millions March 31, 2019 Estimated fair value Carrying amount Level 1 Level 2 Level 3 Total Assets (Liabilities) Cash and cash equivalents 3,574,704 2,980,504 594,200 — 3,574,704 Time deposits 1,126,352 — 1,126,352 — 1,126,352 Total finance receivables, net 15,450,745 — — 15,668,542 15,668,542 Other receivables 568,156 — — 568,156 568,156 Short-term borrowings (5,344,973 ) — (5,285,807 ) (59,166 ) (5,344,973 ) Long-term debt including the current portion (14,786,184 ) — (12,786,541 ) (1,833,623 ) (14,620,164 ) Yen in millions March 31, 2020 Estimated fair value Carrying amount Level 1 Level 2 Level 3 Total Assets (Liabilities) Cash and cash equivalents 4,190,518 3,598,318 592,200 — 4,190,518 Time deposits 828,220 — 828,220 — 828,220 Total finance receivables, net 15,511,294 — — 15,703,737 15,703,737 Other receivables 564,854 — — 564,854 564,854 Short-term borrowings (5,286,026 ) — (5,274,071 ) (11,955 ) (5,286,026 ) Long-term debt including the current portion (15,238,006 ) — (12,644,187 ) (1,966,646 ) (14,610,833 )

Lease commitments (Tables)

Lease commitments (Tables)	12 Months Ended
Lease commitments (Tables)	Mar. 31, 2020
Analysis of Leased Assets Under Capital Leases	An analysis of leased assets under finance leases is as follows: Yen in millions March 31, 2019 2020 Class of property Building 18,519 22,790 Machinery and equipment 28,836 62,337 Less - Accumulated depreciation (30,016 ) (25,036 ) 17,339 60,091
Minimum Rental Payments Required Under Operating Leases Relating to Land, Buildings and Equipment	The minimum rental payments required under operating leases relating primarily to land, buildings and equipment having initial or remaining non-cancelable Years ending March 31, Yen in millions 2020 16,078 2021 13,396 2022 11,862 2023 10,219 2024 8,034 Thereafter 32,598 Total minimum future rentals 92,187
Summary of lease cost	An analysis of lease payment is as follows: Yen in millions March 31, 2020 Lease payment Finance lease expense Amortization of right-of-use asset 14,676 Interest on lease liabilities 805 Operating lease expense 80,343 Short term lease expense 44,440 140,264
Summary of Other supplementary information	Other supplementary information is as follows : Yen in millions March 2020 Other supplementary information Cash paid for amounts included in the measurement of finance lease liabilities Cash flow from operating activities 805 Cash flow from financing activities 5,860 Cash paid for amounts included in the measurement of operating lease liabilities Cash flow from operating activities 80,101 Right of use assets obtained in exchange for lease liabilities Finance lease 47,082 Operating lease 105,913 Weighted average remaining lease term (years) Finance lease 5.6 Operating lease 8.4 Weighted average discount rate Finance lease 4.23 % Operating lease 2.13 %
Future Minimum Lease Payments Under Capital Leases Together with Present Value of Net Minimum Lease Payments	Future minimum lease payments under finance leases and operating leases together with the present value of the net minimum lease payments as of Yen in millions Years ending March 31, Finance lease Operating lease 2021 6,378 41,618 2022 4,320 33,648 2023 3,124 26,890 2024 2,842 22,640 2025 2,525 20,437 Thereafter 17,629 165,454 Total minimum lease payments 36,818 310,687 Less - Amount representing interest (7,881 ) (29,732 ) Present value of net minimum lease payments 28,937 280,955 Current liability 5,460 39,136 Noncurrent liability 23,477 241,819 Total minimum lease present value 28,937 280,955
Future Minimum Lease Payments Under Finance And Operating Leases Together with Present Value of Net Minimum Lease Payments	Future minimum lease payments under finance leases and operating leases together with the present value of the net minimum lease payments as of Yen in millions Years ending March 31, Finance lease Operating lease 2021 6,378 41,618 2022 4,320 33,648 2023 3,124 26,890 2024 2,842 22,640 2025 2,525 20,437 Thereafter 17,629 165,454 Total minimum lease payments 36,818 310,687 Less - Amount representing interest (7,881 ) (29,732 ) Present value of net minimum lease payments 28,937 280,955 Current liability 5,460 39,136 Noncurrent liability 23,477 241,819 Total minimum lease present value 28,937 280,955

Segment data (Tables)

Segment data (Tables)	12 Months Ended
Segment data (Tables)	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 All Other Inter-segment 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 All Other Inter-segment 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 All Other Inter-segment 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 Europe Inter-segment 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 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 Europe Asia Other Inter-segment 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 Europe Asia Other Inter-segment 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 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 Balance sheets - Yen in millions March 31, 2019 Assets Non-Financial 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 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 Liabilities Non-Financial 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 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 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 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 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 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 Financial 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

Net revenues (Tables)

Net revenues (Tables)	12 Months Ended
Net revenues (Tables)	Mar. 31, 2020
Summary of Net Revenues from External Customers by Business and by Product Category	The table below shows Toyota’s net revenues from external customers by business and by product category. Yen in millions For the year ended March 31, 20 19 For the year ended 20 Sales of products Automotive Vehicles 23,066,190 22,852,916 Parts and components for overseas production 625,483 603,928 Parts and components for after service 2,093,437 2,103,478 Other 1,249,382 1,274,163 Total automotive 27,034,492 26,834,485 All other 1,070,846 925,264 Total sales of products 28,105,338 27,759,749 Financial services 2,120,343 2,170,243 Total net revenues 30,225,681 29,929,992
Summary of lease income	The breakdown of income from leases included in financial service revenues is as follows; Yen in millions For the year ended For the year ended Finance leases Financial income related to net lease investment 91,703 98,865 Operating leases 1,056,080 1,051,804 Total 1,147,783 1,150,669
Summary of Contract Liabilities	Contract liabilities consist of the following: Yen in millions March 3 March 31, 2020 Contract liabilities 675,018 691,954

Per share amounts (Tables)

Per share amounts (Tables)	12 Months Ended
Per share amounts (Tables)	Mar. 31, 2020
Reconciliations of Differences Between Basic and Diluted Net Income Attributable to Toyota Motor Corporation Per Common Share	Reconciliations of the differences between basic and diluted net income attributable to Toyota Motor Corporation per common share for the years ended March 31, 2018, 2019 and 2020 are as follows: Yen in Thousands Yen Net income Weighted- Net income For the year ended March 31, 2018 Net income attributable to Toyota Motor Corporation 2,493,983 Accretion to Mezzanine equity (4,849 ) Dividends to Toyota Motor Corporation (7,442 ) Basic net income attributable to Toyota Motor Corporation 2,481,692 2,947,365 842.00 Effect of dilutive securities Model AA Class Shares 12,291 47,100 Assumed exercise of dilutive stock options (4 ) 301 Diluted net income attributable to Toyota Motor Corporation per common share 2,493,979 2,994,766 832.78 For the year ended March 31, 2019 Net income attributable to Toyota Motor Corporation 1,882,873 Accretion to Mezzanine equity (4,850 ) Dividends to Toyota Motor Corporation (9,938 ) Basic net income attributable to Toyota Motor Corporation per common share 1,868,085 2,871,534 650.55 Effect of dilutive securities Model AA Class Shares 14,788 47,100 Assumed exercise of dilutive stock options (0 ) 40 Diluted net income attributable to Toyota Motor Corporation per common share 1,882,873 2,918,674 645.11 For the year ended March 31, 2020 Net income attributable to Toyota Motor Corporation 2,076,183 Accretion to Mezzanine equity (4,850 ) Dividends to Toyota Motor Corporation (12,434 ) Basic net income attributable to Toyota Motor Corporation per common share 2,058,899 2,798,918 735.61 Effect of dilutive securities Model AA Class Shares 17,284 47,100 Assumed exercise of dilutive stock options — — Diluted net income attributable to Toyota Motor Corporation 2,076,183 2,846,018 729.50
Toyota Motor Corporation Shareholders' Equity Per Share	The following table shows Toyota Motor Corporation shareholders’ equity per share as of March 31, 2019 and 2020. Toyota Motor Corporation shareholders’ equity per share amounts are calculated by dividing Toyota Motor Corporation shareholders’ equities’ amount at the end of each period by the number of shares issued and outstanding, excluding treasury stock at the end of the corresponding period. Yen in Thousands Yen Toyota Motor Common shares Toyota Motor As of March 31, 2019 19,348,152 2,832,439 6,830.92 As of March 31, 2020 20,060,618 2,766,153 7,252.17

Fair value measurements (Tables

Fair value measurements (Tables)	12 Months Ended
Fair value measurements (Tables)	Mar. 31, 2020
Fair Values of Assets and Liabilities Measured at Fair Value on Recurring Basis	The following table summarizes the fair values of the assets and liabilities measured at fair value on a recurring basis as of March 31, 2019 and 2020. Transfers between levels of the fair value are recognized at the end of their respective reporting periods: Yen in millions March 31, 2019 Level 1 Level 2 Level 3 Total Assets Cash equivalents 249,193 594,200 — 843,393 Time deposits — 520,000 — 520,000 Marketable securities and other securities investments Public and corporate bonds 4,378,543 1,452,475 15,171 5,846,189 Common stocks 2,154,951 — — 2,154,951 Other 189,389 6,007 — 195,396 Investments measured at net asset value — — — 98,451 Derivative financial instruments — 200,256 77 200,333 Total 6,972,076 2,772,938 15,248 9,858,713 Liabilities Derivative financial instruments — (231,915 ) — (231,915 ) Total — (231,915 ) — (231,915 ) Yen in millions March 31, 2020 Level 1 Level 2 Level 3 Total Assets Cash equivalents 711,106 592,200 — 1,303,306 Time deposits — 350,000 — 350,000 Marketable securities and other securities investments Public and corporate bonds 3,214,773 2,183,695 12,831 5,411,299 Common stocks 1,895,690 — — 1,895,690 Other 194,085 27,477 — 221,562 Investments measured at net asset value — — — 97,687 Derivative financial instruments — 503,826 — 503,826 Total 6,015,654 3,657,198 12,831 9,783,370 Liabilities Derivative financial instruments — (437,008 ) — (437,008 ) Total — (437,008 ) — (437,008 )
Changes in Level 3 Assets and Liabilities Measured at Fair Value on Recurring Basis	The following table summarizes the changes in Level 3 assets and liabilities measured at fair value on a recurring basis for the periods ended March 31, 2018, 2019 and 2020: Yen in millions For the year ended March 31, 2018 Marketable Derivative Total Balance at beginning of year 8,947 (7,522 ) 1,425 Total gains (losses) Included in income (loss) 17 805 822 Included in other comprehensive income (loss) (12 ) — (12 ) Purchases and issuances 3,860 — 3,860 Settlements (4,739 ) 4,320 (419 ) Other (585 ) 185 (400 ) Balance at end of year 7,488 (2,212 ) 5,276 Yen in millions For the year ended March 31, 2019 Marketable Derivative Total Balance at beginning of year 7,488 (2,212 ) 5,276 Total gains (losses) Included in income (loss) 1 3,169 3,170 Included in other comprehensive income (loss) 82 — 82 Purchases and issuances 5,254 — 5,254 Settlements (2,875 ) (784 ) (3,659 ) Other 337 (96 ) 241 Balance at end of year 10,287 77 10,364 Yen in millions For the year ended March 31, 2020 Marketable Derivative Total Balance at beginning of year 10,287 77 10,364 Total gains (losses) Included in income (loss) (346 ) — (346 ) Included in other comprehensive income (loss) (671 ) — (671 ) Purchases and issuances 5,305 — 5,305 Settlements (1,547 ) (77 ) (1,624 ) Other (197 ) — (197 ) Balance at end of year 12,831 — 12,831

Summary of significant accoun_4

Summary of significant accounting policies - Additional Information (Detail) - JPY (¥)	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Significant Accounting Policies [Line Items]
Advertising costs	¥ 470,849,000,000	¥ 490,093,000,000	¥ 509,653,000,000
Research and development costs	1,110,369,000,000	1,048,882,000,000	¥ 1,064,269,000,000
Inventories, LIFO basis	291,639,000,000	470,208,000,000
Inventory increase had LIFO been replaced by FIFO basis	¥ 21,194,000,000	¥ 25,302,000,000
Intangible assets with a definite life, estimated useful lives	5 years
Change in Accounting Method Accounted for as Change in Estimate [Member]
Significant Accounting Policies [Line Items]
Decrease in depreciation expense due to change in method	¥ 173,201,000,000
Increase in net income	117,001,000,000
Basic net income attributable to toyota motor corporation per common share	41.80
Investments And Other Assets [Member]
Significant Accounting Policies [Line Items]
Additions to right-of-use assets	277,118,000,000
Other Current Liabilities [Member]
Significant Accounting Policies [Line Items]
Current lease liabilities	37,385,000,000
Other Long Term Liabilities [Member]
Significant Accounting Policies [Line Items]
Non-current lease liabilities	¥ 239,623,000,000
Building \| Minimum
Significant Accounting Policies [Line Items]
Property, plant and equipment, estimated useful lives	2 years
Building \| Maximum
Significant Accounting Policies [Line Items]
Property, plant and equipment, estimated useful lives	65 years
Machinery and equipment \| Minimum
Significant Accounting Policies [Line Items]
Property, plant and equipment, estimated useful lives	2 years
Machinery and equipment \| Maximum
Significant Accounting Policies [Line Items]
Property, plant and equipment, estimated useful lives	20 years
Assets Leased to Others \| Minimum
Significant Accounting Policies [Line Items]
Property, plant and equipment, estimated useful lives	2 years
Assets Leased to Others \| Maximum
Significant Accounting Policies [Line Items]
Property, plant and equipment, estimated useful lives	5 years
Retail Receivables Portfolio Segment \| Minimum
Significant Accounting Policies [Line Items]
Contract period	2 years
Retail Receivables Portfolio Segment \| Maximum
Significant Accounting Policies [Line Items]
Contract period	7 years
Finance Lease Receivables Portfolio Segment \| Minimum
Significant Accounting Policies [Line Items]
Contract period	2 years
Finance Lease Receivables Portfolio Segment \| Maximum
Significant Accounting Policies [Line Items]
Contract period	5 years

Summary of significant accoun_5

Summary of significant accounting policies (Finance Receivables on Nonaccrual Status) (Detail) - JPY (¥) ¥ in Millions	Mar. 31, 2020	Mar. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables on nonaccrual status	¥ 45,172	¥ 48,330
Retail Receivables Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables on nonaccrual status	10,434	9,401
Finance Lease Receivables Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables on nonaccrual status	3,300	2,431
Wholesale and Other Dealer Loan Receivables Portfolio Segment \| Wholesale
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables on nonaccrual status	13,023	18,217
Wholesale and Other Dealer Loan Receivables Portfolio Segment \| Real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables on nonaccrual status	10,703	18,281
Wholesale and Other Dealer Loan Receivables Portfolio Segment \| Working capital
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables on nonaccrual status	¥ 7,712	¥ 0

Summary of significant accoun_6

Summary of significant accounting policies (Finance Receivables 90 Days or More Past Due and Accruing) (Detail) - JPY (¥) ¥ in Millions	Mar. 31, 2020	Mar. 31, 2019
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables past due over 90 days and still accruing	¥ 42,870	¥ 32,259
Retail Receivables Portfolio Segment
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables past due over 90 days and still accruing	37,709	28,438
Finance Lease Receivables Portfolio Segment
Financing Receivable, Recorded Investment, Past Due [Line Items]
Finance receivables past due over 90 days and still accruing	¥ 5,161	¥ 3,821

Supplemental cash flow inform_2

Supplemental cash flow information - Additional Information (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Schedule of Cash Flow, Supplemental [Line Items]
Cash payments for income taxes	¥ 752,205	¥ 836,619	¥ 500,214
Interest payments	¥ 529,555	507,812	422,720
Finance lease obligations incurred		¥ 6,086	¥ 4,467

Marketable securities and oth_3

Marketable securities and other securities investments (Aggregate Cost, Gross Unrealized Gains and Losses and Fair Value of Marketable Securities and Other Securities Investments) (Detail) - JPY (¥) ¥ in Millions	Mar. 31, 2020	Mar. 31, 2019
Gain (Loss) on Securities [Line Items]
Cost	¥ 5,550,145	¥ 6,126,708
Gross unrealized gains	205,911	87,428
Gross unrealized losses	25,508	74,101
Fair value	5,730,548	6,140,035
Public and Corporate Bonds
Gain (Loss) on Securities [Line Items]
Cost	5,237,131	5,837,423
Gross unrealized gains	196,260	82,022
Gross unrealized losses	22,092	73,256
Fair value	5,411,299	5,846,189
Other
Gain (Loss) on Securities [Line Items]
Cost	313,014	289,285
Gross unrealized gains	9,651	5,406
Gross unrealized losses	3,416	845
Fair value	319,249	293,846
Securities Not Practicable to Determine Fair Value [Member] \| Public and Corporate Bonds
Gain (Loss) on Securities [Line Items]
Cost	¥ 36,551	¥ 32,922

Marketable securities and oth_4

Marketable securities and other securities investments - Additional Information (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Net Investment Income [Line Items]
Proceeds from sales of available-for-sale securities			¥ 248,046
Gross realized gains on sales of available-for-sale securities			7,684
Gross realized losses on sales of available-for-sale securities			278
Impairment losses recognized on available-for-sale securities			¥ 846
Carrying amount of equity securities with readily determinable fair values	¥ 1,895,690	¥ 2,154,951
Carrying amount of equity securities without readily determinable fair values	¥ 364,593	¥ 279,178
Available-for-sale Securities \| Public and Corporate Bonds
Net Investment Income [Line Items]
Maturity period for securities, minimum	1 year	1 year
Maturity period for securities, maximum	10 years	10 years

Marketable Securities and Oth_5

Marketable Securities and Other Securities Investments - Gains and Losses Related to Equity Securities (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Net gains (losses) recognized on equity securities	¥ (3,837)	¥ (334,636)
Less: Net gains (losses) recognized on equity securities sold	16,245	4,836
Unrealized gains (losses) on equity securities	¥ (20,082)	¥ (339,472)

Finance receivables (Schedule o

Finance receivables (Schedule of Finance Receivables) (Detail) - JPY (¥) ¥ in Millions	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables	¥ 17,966,060	¥ 17,894,598
Deferred origination costs	221,200	204,304
Unearned income	(919,053)	(986,928)
Allowance for credit losses	(230,178)	(183,085)
Total finance receivables, net	17,038,029	16,928,889
Less - Current portion	(6,614,171)	(6,647,771)
Noncurrent finance receivables, net	10,423,858	10,281,118
Retail Receivables Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables	12,795,076	12,768,305
Allowance for credit losses	(151,490)	(117,594)	¥ (103,457)	¥ (104,354)
Finance Lease Receivables Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables	1,691,371	1,636,536
Allowance for credit losses	(30,899)	(26,483)	(28,817)	(23,962)
Wholesale and Other Dealer Loan Receivables Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables	3,479,613	3,489,757
Allowance for credit losses	¥ (47,789)	¥ (39,008)	¥ (36,800)	¥ (30,896)

Finance receivables - Additiona

Finance receivables - Additional Information (Detail) - Geographic Concentration Ratio - Finance receivables	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
North America
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration Risk Percentage	55.80%	55.20%
Europe
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration Risk Percentage	12.60%	12.30%
Japan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration Risk Percentage	8.80%	8.20%
Asia
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration Risk Percentage	13.00%	13.00%
Other Countries
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration Risk Percentage	9.80%	11.30%

Finance receivables (Summary of

Finance receivables (Summary of Contractual Maturities) (Detail) ¥ in Millions	Mar. 31, 2020JPY (¥)
Retail Receivables Portfolio Segment
Contractual Maturities [Line Items]
2021	¥ 4,027,784
2022	3,034,099
2023	2,476,975
2024	1,749,643
2025	964,212
Thereafter	542,363
Financing Receivables, Gross , Total	12,795,076
Finance Lease Receivables Portfolio Segment
Contractual Maturities [Line Items]
2021	446,901
2022	335,850
2023	247,378
2024	134,481
2025	48,912
Thereafter	8,801
Financing Receivables, Gross , Total	1,222,323
Wholesale and Other Dealer Loan Receivables Portfolio Segment
Contractual Maturities [Line Items]
2021	2,476,011
2022	308,745
2023	197,597
2024	157,317
2025	107,152
Thereafter	232,791
Financing Receivables, Gross , Total	¥ 3,479,613

Finance receivables (Summary _2

Finance receivables (Summary of Finance Leases) (Detail) - JPY (¥) ¥ in Millions	Mar. 31, 2020	Mar. 31, 2019
Schedule of Finance Lease Obligations [Line Items]
Minimum lease payments	¥ 1,222,323	¥ 1,158,242
Estimated unguaranteed residual values	469,048	478,294
Capital Leases, Net Investment in Direct Financing Leases, Gross, Total	1,691,371	1,636,536
Deferred origination costs	12,349	11,929
Less - Unearned income	(146,087)	(143,838)
Less - Allowance for credit losses	(30,898)	(26,483)
Finance leases, net	¥ 1,526,735	¥ 1,478,144

Finance receivables (Amount of

Finance receivables (Amount of Finance Receivables Segregated into Aging Categories Based on Number of Days Outstanding) (Detail) - JPY (¥) ¥ in Millions	Mar. 31, 2020	Mar. 31, 2019
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	¥ 17,966,060	¥ 17,894,598
Retail Receivables Portfolio Segment
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	12,525,020	12,554,265
Total	12,795,076	12,768,305
Retail Receivables Portfolio Segment \| 30-59 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	176,991	141,111
Retail Receivables Portfolio Segment \| 60-89 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	44,922	35,090
Retail Receivables Portfolio Segment \| 90 days or greater past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	48,143	37,839
Finance Lease Receivables Portfolio Segment
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	1,675,523	1,625,893
Total	1,691,371	1,636,536
Finance Lease Receivables Portfolio Segment \| 30-59 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	7,670	4,972
Finance Lease Receivables Portfolio Segment \| 60-89 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	2,426	1,396
Finance Lease Receivables Portfolio Segment \| 90 days or greater past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	5,752	4,275
Wholesale and Other Dealer Loan Receivables Portfolio Segment
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	3,479,613	3,489,757
Wholesale and Other Dealer Loan Receivables Portfolio Segment \| Wholesale
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	1,642,637	1,806,305
Total	1,654,788	1,806,989
Wholesale and Other Dealer Loan Receivables Portfolio Segment \| Wholesale \| 30-59 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	2,008	191
Wholesale and Other Dealer Loan Receivables Portfolio Segment \| Wholesale \| 60-89 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	1,132	100
Wholesale and Other Dealer Loan Receivables Portfolio Segment \| Wholesale \| 90 days or greater past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	9,011	393
Wholesale and Other Dealer Loan Receivables Portfolio Segment \| Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	857,407	873,427
Total	857,693	873,533
Wholesale and Other Dealer Loan Receivables Portfolio Segment \| Real estate \| 30-59 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	47
Wholesale and Other Dealer Loan Receivables Portfolio Segment \| Real estate \| 60-89 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	43
Wholesale and Other Dealer Loan Receivables Portfolio Segment \| Real estate \| 90 days or greater past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	196	106
Wholesale and Other Dealer Loan Receivables Portfolio Segment \| Working capital
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	967,105	808,755
Total	967,132	809,235
Wholesale and Other Dealer Loan Receivables Portfolio Segment \| Working capital \| 90 days or greater past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	¥ 27	¥ 480

Finance receivables (Credit Qua

Finance receivables (Credit Quality of Finance Receivable within Wholesale and Other Dealer Loan Receivables Portfolio Segment) (Detail) - JPY (¥) ¥ in Millions	Mar. 31, 2020	Mar. 31, 2019
Financing Receivable, Recorded Investment [Line Items]
Finance Receivable	¥ 17,966,060	¥ 17,894,598
Wholesale and Other Dealer Loan Receivables Portfolio Segment
Financing Receivable, Recorded Investment [Line Items]
Finance Receivable	3,479,613	3,489,757
Wholesale and Other Dealer Loan Receivables Portfolio Segment \| Performing
Financing Receivable, Recorded Investment [Line Items]
Finance Receivable	3,102,214	3,099,802
Wholesale and Other Dealer Loan Receivables Portfolio Segment \| Credit Watch
Financing Receivable, Recorded Investment [Line Items]
Finance Receivable	238,507	247,198
Wholesale and Other Dealer Loan Receivables Portfolio Segment \| At Risk
Financing Receivable, Recorded Investment [Line Items]
Finance Receivable	104,962	114,303
Wholesale and Other Dealer Loan Receivables Portfolio Segment \| Default
Financing Receivable, Recorded Investment [Line Items]
Finance Receivable	33,930	28,454
Wholesale \| Wholesale and Other Dealer Loan Receivables Portfolio Segment
Financing Receivable, Recorded Investment [Line Items]
Finance Receivable	1,654,788	1,806,989
Wholesale \| Wholesale and Other Dealer Loan Receivables Portfolio Segment \| Performing
Financing Receivable, Recorded Investment [Line Items]
Finance Receivable	1,441,320	1,566,475
Wholesale \| Wholesale and Other Dealer Loan Receivables Portfolio Segment \| Credit Watch
Financing Receivable, Recorded Investment [Line Items]
Finance Receivable	133,892	156,740
Wholesale \| Wholesale and Other Dealer Loan Receivables Portfolio Segment \| At Risk
Financing Receivable, Recorded Investment [Line Items]
Finance Receivable	54,251	58,550
Wholesale \| Wholesale and Other Dealer Loan Receivables Portfolio Segment \| Default
Financing Receivable, Recorded Investment [Line Items]
Finance Receivable	25,325	25,224
Real estate \| Wholesale and Other Dealer Loan Receivables Portfolio Segment
Financing Receivable, Recorded Investment [Line Items]
Finance Receivable	857,693	873,533
Real estate \| Wholesale and Other Dealer Loan Receivables Portfolio Segment \| Performing
Financing Receivable, Recorded Investment [Line Items]
Finance Receivable	729,474	743,379
Real estate \| Wholesale and Other Dealer Loan Receivables Portfolio Segment \| Credit Watch
Financing Receivable, Recorded Investment [Line Items]
Finance Receivable	82,322	81,848
Real estate \| Wholesale and Other Dealer Loan Receivables Portfolio Segment \| At Risk
Financing Receivable, Recorded Investment [Line Items]
Finance Receivable	37,379	45,564
Real estate \| Wholesale and Other Dealer Loan Receivables Portfolio Segment \| Default
Financing Receivable, Recorded Investment [Line Items]
Finance Receivable	8,518	2,742
Working capital \| Wholesale and Other Dealer Loan Receivables Portfolio Segment
Financing Receivable, Recorded Investment [Line Items]
Finance Receivable	967,132	809,235
Working capital \| Wholesale and Other Dealer Loan Receivables Portfolio Segment \| Performing
Financing Receivable, Recorded Investment [Line Items]
Finance Receivable	931,420	789,948
Working capital \| Wholesale and Other Dealer Loan Receivables Portfolio Segment \| Credit Watch
Financing Receivable, Recorded Investment [Line Items]
Finance Receivable	22,293	8,610
Working capital \| Wholesale and Other Dealer Loan Receivables Portfolio Segment \| At Risk
Financing Receivable, Recorded Investment [Line Items]
Finance Receivable	13,332	10,189
Working capital \| Wholesale and Other Dealer Loan Receivables Portfolio Segment \| Default
Financing Receivable, Recorded Investment [Line Items]
Finance Receivable	¥ 87	¥ 488

Finance receivables (Impaired F

Finance receivables (Impaired Finance Receivables) (Detail) - JPY (¥) ¥ in Millions	Mar. 31, 2020	Mar. 31, 2019
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded investment	¥ 88,877	¥ 99,338
Unpaid principal balance	88,172	98,565
Retail Receivables Portfolio Segment
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded investment	30,753	29,537
Unpaid principal balance	30,109	28,788
Finance Lease Receivables Portfolio Segment
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded investment	103	99
Unpaid principal balance	42	75
Wholesale and Other Dealer Loan Receivables Portfolio Segment \| Wholesale
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded investment	21,808	32,616
Unpaid principal balance	21,808	32,616
Wholesale and Other Dealer Loan Receivables Portfolio Segment \| Real estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded investment	24,105	27,415
Unpaid principal balance	24,105	27,415
Wholesale and Other Dealer Loan Receivables Portfolio Segment \| Working capital
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded investment	12,108	9,671
Unpaid principal balance	12,108	9,671
Impaired account balances individually evaluated for impairment with an allowance \| Wholesale and Other Dealer Loan Receivables Portfolio Segment
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded investment	29,675	36,183
Unpaid principal balance	29,675	36,183
Individually evaluated allowance	7,171	11,091
Impaired account balances individually evaluated for impairment with an allowance \| Wholesale and Other Dealer Loan Receivables Portfolio Segment \| Wholesale
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded investment	11,687	18,187
Unpaid principal balance	11,687	18,187
Individually evaluated allowance	2,005	3,141
Impaired account balances individually evaluated for impairment with an allowance \| Wholesale and Other Dealer Loan Receivables Portfolio Segment \| Real estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded investment	7,948	10,545
Unpaid principal balance	7,948	10,545
Individually evaluated allowance	1,003	1,280
Impaired account balances individually evaluated for impairment with an allowance \| Wholesale and Other Dealer Loan Receivables Portfolio Segment \| Working capital
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded investment	10,040	7,451
Unpaid principal balance	10,040	7,451
Individually evaluated allowance	4,163	6,670
Impaired account balances individually evaluated for impairment without an allowance \| Wholesale and Other Dealer Loan Receivables Portfolio Segment
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded investment	28,346	33,519
Unpaid principal balance	28,346	33,519
Impaired account balances individually evaluated for impairment without an allowance \| Wholesale and Other Dealer Loan Receivables Portfolio Segment \| Wholesale
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded investment	10,121	14,429
Unpaid principal balance	10,121	14,429
Impaired account balances individually evaluated for impairment without an allowance \| Wholesale and Other Dealer Loan Receivables Portfolio Segment \| Real estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded investment	16,157	16,870
Unpaid principal balance	16,157	16,870
Impaired account balances individually evaluated for impairment without an allowance \| Wholesale and Other Dealer Loan Receivables Portfolio Segment \| Working capital
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded investment	2,068	2,220
Unpaid principal balance	2,068	2,220
Impaired Account Balances Aggregated and Evaluated for Impairment
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded investment	30,856	29,636
Unpaid principal balance	30,151	28,863
Impaired Account Balances Aggregated and Evaluated for Impairment \| Retail Receivables Portfolio Segment
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded investment	30,753	29,537
Unpaid principal balance	30,109	28,788
Impaired Account Balances Aggregated and Evaluated for Impairment \| Finance Lease Receivables Portfolio Segment
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded investment	103	99
Unpaid principal balance	¥ 42	¥ 75

Inventories (Components of Inve

Inventories (Components of Inventories) (Detail) - JPY (¥) ¥ in Millions	Mar. 31, 2020	Mar. 31, 2019
Inventory [Line Items]
Finished goods	¥ 1,517,173	¥ 1,746,159
Raw materials	485,069	475,504
Work in process	315,139	324,921
Supplies and other	117,537	109,812
Total	¥ 2,434,918	¥ 2,656,396

Vehicles and equipment on ope_3

Vehicles and equipment on operating leases (Summary of Vehicles and Equipment on Operating Lease) (Detail) - JPY (¥) ¥ in Millions	Mar. 31, 2020	Mar. 31, 2019
Property Subject to or Available for Operating Lease [Line Items]
Less - Deferred income and other	¥ (241,610)	¥ (259,124)
Vehicles and equipment on operating leases, gross	5,929,233	6,139,163
Less - Accumulated depreciation	(1,374,172)	(1,428,779)
Less - Allowance for credit losses	(12,171)	(13,314)
Vehicles and equipment on operating leases, net	4,542,890	4,697,070
Vehicles
Property Subject to or Available for Operating Lease [Line Items]
Vehicles and equipment on operating leases, gross	6,153,695	6,383,788
Equipment
Property Subject to or Available for Operating Lease [Line Items]
Vehicles and equipment on operating leases, gross	¥ 17,148	¥ 14,499

Vehicles and equipment on ope_4

Vehicles and equipment on operating leases - Additional Information (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Leases Disclosure [Line Items]
Rental income from vehicles and equipment on operating leases	¥ 945,091	¥ 959,497	¥ 927,443

Vehicles and equipment on ope_5

Vehicles and equipment on operating leases (Future Minimum Rentals from Vehicles and Equipment on Operating Leases) (Detail) ¥ in Millions	Mar. 31, 2020JPY (¥)
Future Minimum Payments Receivable [Line Items]
2021	¥ 802,119
2022	531,098
2023	241,462
2024	59,415
2025	13,455
Thereafter	6,195
Total minimum future rentals	¥ 1,653,744

Allowance for doubtful accoun_3

Allowance for doubtful accounts and credit losses (Allowance for Doubtful Accounts Relating to Trade Accounts and Notes Receivable) (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for doubtful accounts at beginning of year	¥ 90,373	¥ 98,590	¥ 100,712
Provision for doubtful accounts, net of reversal	5,689	(1,375)	(74)
Write-offs	(2,691)	(2,472)	(2,374)
Other	(3,019)	(4,370)	326
Allowance for doubtful accounts at end of year	¥ 90,352	¥ 90,373	¥ 98,590

Allowance for doubtful accoun_4

Allowance for doubtful accounts and credit losses - Additional Information (Detail) - JPY (¥) ¥ in Millions	Mar. 31, 2020	Mar. 31, 2019
Financing Receivable, Allowance for Credit Losses [Line Items]
Trade accounts and notes receivable, allowance for doubtful accounts, non-current	¥ 66,408	¥ 74,003

Allowance for doubtful accoun_5

Allowance for doubtful accounts and credit losses (Allowance for Credit Losses Relating to Finance Receivables and Vehicles and Equipment on Operating Leases) (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses at beginning of year	¥ 196,399	¥ 184,087	¥ 178,101
Provision for credit losses, net of reversal	137,293	81,440	76,143
Charge-offs	(98,352)	(91,698)	(96,444)
Recoveries	25,578	26,178	25,344
Other	(18,569)	(3,608)	943
Allowance for credit losses at end of year	¥ 242,349	¥ 196,399	¥ 184,087

Allowance for doubtful accoun_6

Allowance for doubtful accounts and credit losses (Allowance for Credit Losses Relating to Retail Receivables, Finance Lease Receivables and Wholesale and Other Dealer Loan Receivables Portfolio Segments) (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses at beginning of year	¥ 183,085
Allowance for credit losses at end of year	230,178	¥ 183,085
Retail Receivables Portfolio Segment
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses at beginning of year	117,594	103,457	¥ 104,354
Provision for credit losses, net of reversal	107,784	68,470	52,891
Charge-offs	(82,613)	(72,657)	(74,868)
Recoveries	20,277	20,485	20,511
Other	(11,552)	(2,161)	569
Allowance for credit losses at end of year	151,490	117,594	103,457
Finance Lease Receivables Portfolio Segment
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses at beginning of year	26,483	28,817	23,962
Provision for credit losses, net of reversal	9,716	710	7,115
Charge-offs	(3,267)	(2,903)	(2,708)
Recoveries	353	345	315
Other	(2,386)	(486)	133
Allowance for credit losses at end of year	30,899	26,483	28,817
Wholesale and Other Dealer Loan Receivables Portfolio Segment
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses at beginning of year	39,008	36,800	30,896
Provision for credit losses, net of reversal	12,544	3,990	6,497
Charge-offs	(105)	(1,111)	(823)
Recoveries	33	45	59
Other	(3,691)	(716)	171
Allowance for credit losses at end of year	¥ 47,789	¥ 39,008	¥ 36,800

Affiliated companies and vari_3

Affiliated companies and variable interest entities (Summary of Financial Information for Affiliated Companies Accounted for by Equity Method) (Detail) ¥ in Millions	12 Months Ended
	Mar. 31, 2020JPY (¥)Entity	Mar. 31, 2019JPY (¥)Entity	Mar. 31, 2018JPY (¥)
Schedule of Equity Method Investments [Line Items]
Current assets	¥ 16,551,569	¥ 13,555,478
Noncurrent assets	14,869,913	12,464,250
Total assets	31,421,482	26,019,728
Current liabilities	9,819,357	8,322,336
Long-term liabilities and noncontrolling interests	9,421,112	6,398,659
Affiliated companies accounted for by the equity method shareholders' equity	12,181,013	11,298,733
Total liabilities and shareholders' equity	31,421,482	26,019,728
Toyota's share of affiliated companies accounted for by the equity method shareholders' equity	¥ 4,090,790	¥ 3,313,703	¥ 3,162,711
Number of affiliated companies accounted for by the equity method at end of period \| Entity	72	63
Net revenues	¥ 35,340,807	¥ 32,200,711	30,680,535
Gross profit	4,315,967	4,070,621	4,065,344
Net income attributable to affiliated companies accounted for by the equity method	841,938	857,832	1,344,687
Equity in earnings of affiliated companies attributable to Toyota Motor Corporation	¥ 271,152	¥ 360,066	¥ 470,083

Affiliated companies and vari_4

Affiliated companies and variable interest entities (Entities Comprising Significant Portion of Toyota's Investment in Affiliated Companies and Percentage of Ownership) (Detail)	Mar. 31, 2020	Mar. 31, 2019
Denso Corporation
Schedule of Equity Method Investments [Line Items]
Percentage of ownership	24.50%	24.50%
Subaru Corporation
Schedule of Equity Method Investments [Line Items]
Percentage of ownership	20.00%
Toyota Industries Corporation
Schedule of Equity Method Investments [Line Items]
Percentage of ownership	24.90%	24.90%
Aisin Seiki Co Ltd
Schedule of Equity Method Investments [Line Items]
Percentage of ownership	24.90%	24.90%
Toyota Tsusho Corporation
Schedule of Equity Method Investments [Line Items]
Percentage of ownership	22.00%	22.00%

Affiliated companies and vari_5

Affiliated companies and variable interest entities - Additional Information (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Schedule of Equity Method Investments [Line Items]
Certain affiliated companies accounted for by the equity method	¥ 2,895,656	¥ 2,430,251
Affiliated companies aggregate value	2,247,107	2,513,886
Dividends from affiliated companies accounted for by the equity method	208,950	204,322	¥ 196,403
Finance receivables	17,038,029	16,928,889
Operating leases	5,929,233	6,139,163
Investment In Trusts
Schedule of Equity Method Investments [Line Items]
Maximum exposure to loss related to VIEs	16,622	22,001
Debt Securities
Schedule of Equity Method Investments [Line Items]
Maximum exposure to loss related to VIEs	748,131	351,945
Vehicles
Schedule of Equity Method Investments [Line Items]
Operating leases	6,153,695	6,383,788
Variable Interest Entity, Primary Beneficiary
Schedule of Equity Method Investments [Line Items]
Restricted cash	140,750	131,804
Secured debt	1,979,563	1,893,073
Marketable securities and other securities investments	2,767,681	2,790,679
Variable Interest Entity, Primary Beneficiary \| Vehicles
Schedule of Equity Method Investments [Line Items]
Operating leases	621,633	609,694
Retail Receivables Portfolio Segment \| Variable Interest Entity, Primary Beneficiary
Schedule of Equity Method Investments [Line Items]
Finance receivables	¥ 1,906,256	¥ 1,872,564

Affiliated companies and vari_6

Affiliated companies and variable interest entities (Account Balances and Transactions with Affiliated Companies) (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Schedule of Equity Method Investments [Line Items]
Trade accounts and notes receivable, and other receivables	¥ 357,849	¥ 362,831
Accounts payable and other payables	780,935	845,755
Net revenues	2,423,338	2,213,236	¥ 2,004,632
Purchases	¥ 6,781,279	¥ 6,431,464	¥ 5,749,430

Short-term borrowings and lon_3

Short-term borrowings and long-term debt (Short-term Borrowings) (Detail) - JPY (¥) ¥ in Millions	Mar. 31, 2020	Mar. 31, 2019
Short-term Debt [Line Items]
Loans, principally from banks, with a weighted-average interest at March 31, 2019 and March 31, 2020 of 2.11% and of 2.03% per annum, respectively	¥ 1,179,230	¥ 1,468,430
Commercial paper with a weighted-average interest at March 31, 2019 and March 31, 2020 of 2.28% and of 1.50% per annum, respectively	4,106,796	3,876,544
Short-term borrowings	¥ 5,286,026	¥ 5,344,973

Short-term borrowings and lon_4

Short-term borrowings and long-term debt (Short-term Borrowings) (Parenthetical) (Detail)	Mar. 31, 2020	Mar. 31, 2019
Short Term Bank Loans and Notes Payable
Short-term Debt [Line Items]
Short-term borrowings, weighted-average interest rate	2.03%	2.11%
Commercial Paper
Short-term Debt [Line Items]
Short-term borrowings, weighted-average interest rate	1.50%	2.28%

Short-term borrowings and lon_5

Short-term borrowings and long-term debt - Additional Information (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Debt Instrument [Line Items]
Unused short-term lines of credit	¥ 1,861,792
Assets pledged as collateral mainly for certain debt obligations of subsidiaries	644,368
Other assets pledged as collateral mainly for certain debt obligations of subsidiaries	2,010,548
Unused long-term lines of credit	5,345,718
Debt interest expense	¥ 512,677	¥ 499,871	¥ 415,094
Currency, U.S. Dollar
Debt Instrument [Line Items]
Percentage of debt	48.00%
Euro Member Countries, Euro
Debt Instrument [Line Items]
Percentage of debt	13.00%
Currency, Japanese Yen
Debt Instrument [Line Items]
Percentage of debt	11.00%
Currency, Australian Dollar
Debt Instrument [Line Items]
Percentage of debt	7.00%
Thai bahts
Debt Instrument [Line Items]
Percentage of debt	5.00%
Other Foreign Currency Denominated Debt
Debt Instrument [Line Items]
Percentage of debt	16.00%
Commercial Paper
Debt Instrument [Line Items]
Unused short-term lines of credit	¥ 374,273

Short-term borrowings and lon_6

Short-term borrowings and long-term debt (Long-term Debt) (Detail) - JPY (¥) ¥ in Millions	Mar. 31, 2020	Mar. 31, 2019
Debt Instrument [Line Items]
Long-term debt	¥ 10,692,898	¥ 10,550,945
Long-term Debt and Capital Lease Obligations, Including Current Maturities, Total	15,266,943	14,805,205
Less - Current portion due within one year	(4,574,045)	(4,254,260)
Unsecured Debt \| Bank Loan Obligations
Debt Instrument [Line Items]
Long-term debt	3,713,541	3,441,336
Secured Debt \| Finance Receivables Securitization
Debt Instrument [Line Items]
Long-term debt	1,983,976	1,840,204
Medium-term Notes \| Consolidated Subsidiaries
Debt Instrument [Line Items]
Long-term debt	7,442,590	7,372,550
Unsecured Notes \| Consolidated Subsidiaries
Debt Instrument [Line Items]
Long-term debt	1,412,368	1,566,994
Unsecured Notes \| Parent Company
Debt Instrument [Line Items]
Long-term debt	650,905	511,980
Secured Notes \| Consolidated Subsidiaries
Debt Instrument [Line Items]
Long-term debt	34,626	53,120
Long-term Finance Lease Obligations
Debt Instrument [Line Items]
Long-term debt and finance lease obligations	¥ 28,937	¥ 19,021

Short-term borrowings and lon_7

Short-term borrowings and long-term debt (Long-term Debt) (Parenthetical) (Detail)	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Long-term Finance Lease Obligations \| Minimum
Debt Instrument [Line Items]
Long-term debt, interest rate	0.01%	0.12%
Long-term Finance Lease Obligations \| Maximum
Debt Instrument [Line Items]
Long-term debt, interest rate	14.73%	14.73%
Range Start \| Long-term Finance Lease Obligations
Debt Instrument [Line Items]
Debt maturity year	2020	2019
Range End \| Long-term Finance Lease Obligations
Debt Instrument [Line Items]
Debt maturity year	2049	2035
Bank Loan Obligations \| Unsecured Debt
Debt Instrument [Line Items]
Long-term debt, weighted average interest rate	2.37%	2.78%
Bank Loan Obligations \| Range Start \| Unsecured Debt
Debt Instrument [Line Items]
Debt maturity year	2020	2019
Bank Loan Obligations \| Range End \| Unsecured Debt
Debt Instrument [Line Items]
Debt maturity year	2041	2041
Finance Receivables Securitization \| Secured Debt
Debt Instrument [Line Items]
Long-term debt, weighted average interest rate	1.98%	2.47%
Finance Receivables Securitization \| Range Start \| Secured Debt
Debt Instrument [Line Items]
Debt maturity year	2020	2019
Finance Receivables Securitization \| Range End \| Secured Debt
Debt Instrument [Line Items]
Debt maturity year	2034	2026
Consolidated Subsidiaries \| Medium-term Notes
Debt Instrument [Line Items]
Long-term debt, weighted average interest rate	2.05%	2.46%
Consolidated Subsidiaries \| Unsecured Notes
Debt Instrument [Line Items]
Long-term debt, weighted average interest rate	1.70%	2.12%
Consolidated Subsidiaries \| Secured Notes
Debt Instrument [Line Items]
Long-term debt, weighted average interest rate	7.52%	7.78%
Consolidated Subsidiaries \| Range Start \| Medium-term Notes
Debt Instrument [Line Items]
Debt maturity year	2020	2019
Consolidated Subsidiaries \| Range Start \| Unsecured Notes
Debt Instrument [Line Items]
Debt maturity year	2020	2019
Consolidated Subsidiaries \| Range Start \| Secured Notes
Debt Instrument [Line Items]
Debt maturity year	2020	2019
Consolidated Subsidiaries \| Range End \| Medium-term Notes
Debt Instrument [Line Items]
Debt maturity year	2048	2048
Consolidated Subsidiaries \| Range End \| Unsecured Notes
Debt Instrument [Line Items]
Debt maturity year	2031	2031
Consolidated Subsidiaries \| Range End \| Secured Notes
Debt Instrument [Line Items]
Debt maturity year	2023	2022
Parent Company \| Unsecured Notes
Debt Instrument [Line Items]
Long-term debt, weighted average interest rate	1.85%	1.84%
Parent Company \| Range Start \| Unsecured Notes
Debt Instrument [Line Items]
Debt maturity year	2020	2019
Parent Company \| Range End \| Unsecured Notes
Debt Instrument [Line Items]
Debt maturity year	2037	2037

Short-term borrowings and lon_8

Short-term borrowings and long-term debt (Aggregate Amounts of Annual Maturities of Long-term Debt During Next Five Years) (Detail) ¥ in Millions	Mar. 31, 2020JPY (¥)
Long Term Debt And Capital Lease Obligations Repayments Of Principal [Line Items]
2021	¥ 4,574,045
2022	3,692,634
2023	3,014,979
2024	1,575,717
2025	¥ 1,210,354

Product warranties and recall_3

Product warranties and recalls and other safety measures (Net Changes in Liabilities for Quality Assurances) (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Product Liability Contingency [Line Items]
Liabilities for quality assurances at beginning of year	¥ 1,769,275	¥ 1,702,312	¥ 1,696,938
Payments made during year	(490,117)	(489,461)	(586,943)
Provision for quality assurances	314,494	565,012	649,377
Changes relating to pre-existing quality assurances	(34,345)	(1,411)	(56,769)
Other	(6,194)	(7,177)	(291)
Liabilities for quality assurances at end of year	¥ 1,553,113	¥ 1,769,275	¥ 1,702,312

Product warranties and recall_4

Product warranties and recalls and other safety measures (Net Changes in Liabilities for Recalls and Other Safety Measures which are Comprised in Liabilities for Quality Assurances) (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Product Liability Contingency [Line Items]
Liabilities for recalls and other safety measures at beginning of year	¥ 1,302,309	¥ 1,275,256	¥ 1,275,200
Payments made during year	(363,708)	(396,971)	(456,177)
Provision for recalls and other safety measures	169,134	428,613	454,391
Other	(3,024)	(4,589)	1,842
Liabilities for recalls and other safety measures at end of year	¥ 1,104,711	¥ 1,302,309	¥ 1,275,256

Income taxes (Components of Inc

Income taxes (Components of Income Before Income Taxes) (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Income before income taxes:
Parent company and domestic subsidiaries	¥ 1,704,397	¥ 1,552,975	¥ 1,880,971
Foreign subsidiaries	850,210	732,490	739,458
Income before income taxes and equity in earnings of affiliated companies	¥ 2,554,607	¥ 2,285,465	¥ 2,620,429

Income taxes (Provision for Inc

Income taxes (Provision for Income Taxes) (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Current income tax expense:
Current income tax expense	¥ 491,283	¥ 746,538	¥ 742,367
Deferred income tax expense (benefit):
Deferred income tax expense (benefit)	192,147	(86,594)	(237,961)
Provision for income taxes	683,430	659,944	504,406
Parent Company And Domestic Subsidiaries
Current income tax expense:
Current income tax expense	483,087	599,521	565,998
Deferred income tax expense (benefit):
Deferred income tax expense (benefit)	45,739	(110,608)	45,097
Foreign Subsidiaries
Current income tax expense:
Current income tax expense	8,196	147,017	176,369
Deferred income tax expense (benefit):
Deferred income tax expense (benefit)	¥ 146,408	¥ 24,014	¥ (283,058)

Income taxes - Additional Infor

Income taxes - Additional Information (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Income Taxes [Line Items]
Decrease in net deferred liabilities			¥ 218,323
Decrease in provision for income taxes			¥ 249,694
Japanese Tax Authority
Income Taxes [Line Items]
Statutory tax rate	30.90%	30.90%	31.10%
Operating loss carryforwards for tax purposes	¥ 18,776
Tax credit carryforwards	4,579
Undistributed earnings of foreign subsidiaries	4,205,058
Undistributed earnings of foreign subsidiaries, additional tax provision, estimate	¥ 152,190
Tax years remain open to examination by various tax jurisdictions	on and after April 1, 2013
Japanese Tax Authority \| Minimum
Income Taxes [Line Items]
Expiration date for operating loss carryforwards	2021
Expiration date for tax credit carryforwards	2021
Japanese Tax Authority \| Maximum
Income Taxes [Line Items]
Expiration date for operating loss carryforwards	2030
Expiration date for tax credit carryforwards	2023
Foreign Tax Authority
Income Taxes [Line Items]
Operating loss carryforwards for tax purposes	¥ 402,628
Tax credit carryforwards	¥ 67,098
Tax years remain open to examination by various tax jurisdictions	April 1, 2002
Foreign Tax Authority \| Minimum
Income Taxes [Line Items]
Expiration date for operating loss carryforwards	2021
Expiration date for tax credit carryforwards	2021
Foreign Tax Authority \| Maximum
Income Taxes [Line Items]
Expiration date for operating loss carryforwards	2040
Expiration date for tax credit carryforwards	2040

Income taxes (Reconciliation of

Income taxes (Reconciliation of Differences Between Statutory Tax Rate and Effective Income Tax Rate) (Detail) - Japanese Tax Authority	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Reconciliation of Statutory Federal Tax Rate [Line Items]
Statutory tax rate	30.90%	30.90%	31.10%
Increase (reduction) in taxes resulting from:
Non-deductible expenses	0.40%	0.40%	0.40%
Deferred tax liabilities on undistributed earnings of foreign subsidiaries	1.00%	1.20%	1.10%
Deferred tax liabilities on undistributed earnings of affiliated companies accounted for by the equity method	1.70%	3.10%	3.80%
Valuation allowance	0.50%	0.20%	(2.00%)
Tax credits	(4.90%)	(5.30%)	(4.30%)
The difference between the statutory tax rate in Japan and that of foreign subsidiaries	(2.70%)	(2.30%)	(1.50%)
Unrecognized tax benefits adjustments	(0.40%)	(0.10%)	0.20%
Revision to reduce deferred tax assets and liabilities at the fiscal year-end due to changes in tax rates	0.00%	0.00%	0.00%
Effect of the Tax Cuts and Jobs Act of 2017 of the United States	0	0	(9.5)
Other	0.30%	0.80%	(0.10%)
Effective income tax rate	26.80%	28.90%	19.20%

Income taxes (Components of Def

Income taxes (Components of Deferred Tax Assets and Liabilities) (Detail) - JPY (¥) ¥ in Millions	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Deferred tax assets
Accrued pension and severance costs	¥ 277,528	¥ 256,478
Accrued expenses and liabilities for quality assurances	601,108	664,950
Other accrued employees' compensation	118,961	121,024
Operating loss carryforwards for tax purposes	55,918	364,220
Allowance for doubtful accounts and credit losses	73,620	69,049
Property, plant and equipment and other assets	282,136	266,866
Other	268,040	338,744
Gross deferred tax assets	1,677,311	2,081,331
Less - Valuation allowance	(110,642)	(93,599)	¥ (93,814)	¥ (146,623)
Total deferred tax assets	1,566,669	1,987,732
Deferred tax liabilities
Unrealized gains on securities, net	(421,846)	(493,052)
Undistributed earnings of foreign subsidiaries	(24,808)	(25,972)
Undistributed earnings of affiliated companies accounted for by the equity method	(952,660)	(836,860)
Basis difference of acquired assets	(29,756)	(29,116)
Lease transactions	(739,911)	(946,128)
Other	(86,072)	(169,583)
Gross deferred tax liabilities	(2,255,053)	(2,500,711)
Net deferred tax liability	(688,384)	(512,979)
Deferred tax assets
Investments and other assets - Other	354,785	501,872
Deferred tax liabilities
Deferred income taxes (Long-term liabilities)	(1,043,169)	(1,014,851)
Net deferred tax liability	¥ (688,384)	¥ (512,979)

Income taxes (Net Changes in To

Income taxes (Net Changes in Total Valuation Allowance for Deferred Tax Assets) (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Valuation Allowance [Line Items]
Valuation allowance at beginning of year	¥ 93,599	¥ 93,814	¥ 146,623
Additions	27,629	13,967	16,106
Deductions	(6,089)	(9,801)	(74,435)
Other	(4,497)	(4,381)	5,520
Valuation allowance at end of year	¥ 110,642	¥ 93,599	¥ 93,814

Income taxes (Summary of Gross

Income taxes (Summary of Gross Unrecognized Tax Benefits Changes) (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Income Tax Contingency [Line Items]
Balance at beginning of year	¥ 17,268	¥ 21,564	¥ 21,553
Additions based on tax positions related to the current year	2,199	1,212	612
Additions for tax positions of prior years	127	1,304	13,954
Reductions for tax positions of prior years	(9,586)	(819)	(13,217)
Reductions for tax positions related to lapse of statute of limitations	0	0	0
Reductions for settlements	(298)	(6,696)	(26)
Other	(1,363)	703	(1,312)
Balance at end of year	¥ 8,347	¥ 17,268	¥ 21,564

Class Shares (Additional Inform

Class Shares (Additional Information Regarding Model AA Class Shares) (Detail) - JPY (¥) ¥ / shares in Units, ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Jul. 24, 2015
Class of Stock [Line Items]
Total number of shares issued	47,100,000	47,100,000
Unpaid dividends included in mezzanine equity	¥ 6,217	¥ 4,969
Model AA Class Shares
Class of Stock [Line Items]
Total number of shares issued			47,100,000
Issue price			¥ 10,598
Purchase price			¥ 10,121.09
Voting rights	Model AA Class Shares shall have voting rights. The number of shares constituting one unit with respect to Model AA Class Shares shall be 100.
Restrictions on transfer	Model AA Class Shares shall have restrictions on transfer.
Dividends	(1) If the record date falls in the fiscal year ending on March 31, 2016 : 0.5% of the issue price (2) If the record date falls in the fiscal year ending on March 31, 2017 through March 31, 2020 : the annual dividend rate for the previous fiscal year plus 0.5% of the issue price (3) If the record date falls in the fiscal year ending on March 31, 2021 or later : 2.5% of the issue price
Shareholder's right	(1) Shareholder's conversion right into Common Shares Shareholders of the Model AA Class Shares may demand TMC to acquire all or a part of their Model AA Class Shares in exchange for Common Shares on the first business day of April and October of every year, starting October 1, 2020. (2) Shareholder's cash put option Shareholders of the Model AA Class Shares may demand TMC to acquire all or a part of their Model AA Class Shares in exchange for cash on the last business day of March, June, September and December of each year, starting on September 1, 2020.
TMC's right	TMC may acquire, on or after April 2, 2021, all of the outstanding Model AA Class Shares in exchange for cash.

Class Shares (Additional Info_2

Class Shares (Additional Information Regarding Model AA Class Shares) (Parenthetical) (Detail) - Model AA Class Shares	Jul. 24, 2015
If the record date falls in the fiscal year ending on March 31, 2016
Class of Stock [Line Items]
Dividends rate	0.50%
If the record date falls in the fiscal year ending on March 31, 2017 through March 31, 2020
Class of Stock [Line Items]
Dividends rate	0.50%
If the record date falls in the fiscal year ending on March 31, 2021 or later
Class of Stock [Line Items]
Dividends rate	2.50%

Shareholders' equity (Changes i

Shareholders' equity (Changes in Number of Shares of Common Stock Issued) (Detail) - shares	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Reconciliation of Common Stock Outstanding [Line Items]
Balance at beginning of year	3,262,997,492	3,262,997,492	3,262,997,492
Issuance during the year	0	0	0
Purchase and retirement	0	0	0
Balance at end of year	3,262,997,492	3,262,997,492	3,262,997,492

Shareholders' equity - Addition

Shareholders' equity - Additional Information (Detail) - JPY (¥) ¥ / shares in Units, ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Stockholders Equity Note [Line Items]
Annual dividends per common share	¥ 220	¥ 220	¥ 220
Percentage of distributions from surplus appropriated as capital or retained earnings reserve	10.00%
Percentage of total amount of capital reserve and retained earnings reserves to stated capital	25.00%
Retained earnings, reserve	¥ 201,490	¥ 198,605
Retained earnings related to the equity in undistributed earnings of companies accounted for by the equity method	3,063,866
Parent Company
Stockholders Equity Note [Line Items]
Retained earnings, available for dividend payments	10,276,666	¥ 9,958,581
Cash dividends included in retained earnings at year-end	¥ 331,938
Cash dividends per common share	¥ 120

Shareholders' equity (Additiona

Shareholders' equity (Additional Information Regarding Repurchase, Reissuance and Retirement of Treasury Stock) (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Repurchase of Treasury Stock \| To return capital to shareholders
Equity, Class of Treasury Stock [Line Items]
Reason for repurchasing treasury stock	For the years ended March 31, 2020, 2019 and 2018, The repurchase was made to return capital to shareholders in addition to promoting capital efficiency and agile capital policy in view of the business environment.
Number of common shares repurchased	69,532,900	77,622,700	73,708,400
Total purchase price for repurchase of shares	¥ 500,139	¥ 549,986	¥ 499,989
Reissuance of Treasury Stock \| Business Cooperation With Mazda
Equity, Class of Treasury Stock [Line Items]
Number of common shares reissued	3,269,500
Amount of reissuance	¥ 24,181

Accumulated other comprehensi_3

Accumulated other comprehensive income (Components of Accumulated Other Comprehensive Income (Loss) and Related Changes, Net of Taxes) (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balances	¥ 20,067,137	¥ 19,430,102	¥ 18,183,076
Effect of change in accounting policy		(27,538)
Other comprehensive income (loss) before reclassifications, net of taxes	(286,079)	(42,788)	(170,629)
Reclassifications, net of taxes	10,392	(6,197)	(22,221)
Other comprehensive income (loss), net of tax	(275,687)	(48,985)	(192,850)
Less - Other comprehensive income attributable to noncontrolling interests	20,268	6,256	(973)
Equity transaction with noncontrolling interests and other	(28,939)	(2,121)	(1,659)
Balances	20,737,682	20,067,137	19,430,102
Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balances	(649,532)	(679,085)	(560,108)
Effect of change in accounting policy		105
Other comprehensive income (loss) before reclassifications, net of taxes	(333,854)	25,639	(113,942)
Reclassifications, net of taxes		1,377	(6,664)
Other comprehensive income (loss), net of tax	(333,854)	27,016	(120,606)
Less - Other comprehensive income attributable to noncontrolling interests	20,668	2,432	1,629
Equity transaction with noncontrolling interests and other	3,432
Balances	(959,286)	(649,532)	(679,085)
Unrealized gains (losses) on securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balances	(1,252)	1,329,584	1,426,003
Effect of change in accounting policy		(1,309,725)
Other comprehensive income (loss) before reclassifications, net of taxes	113,978	(6,139)	(72,501)
Reclassifications, net of taxes	4,385	(15,026)	(22,058)
Other comprehensive income (loss), net of tax	118,363	(21,165)	(94,559)
Less - Other comprehensive income attributable to noncontrolling interests	40	54	(2,022)
Equity transaction with noncontrolling interests and other	(124)		162
Balances	117,027	(1,252)	1,329,584
Pension liability adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balances	(265,866)	(214,800)	(224,973)
Other comprehensive income (loss) before reclassifications, net of taxes	(66,203)	(62,288)	15,814
Reclassifications, net of taxes	6,007	7,452	6,501
Other comprehensive income (loss), net of tax	(60,196)	(54,836)	22,315
Less - Other comprehensive income attributable to noncontrolling interests	(440)	3,770	(580)
Equity transaction with noncontrolling interests and other	2,488		(11,562)
Balances	(324,014)	(265,866)	(214,800)
Accumulated other comprehensive income (loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balances	(916,650)	435,699	640,922
Effect of change in accounting policy		(1,309,620)
Equity transaction with noncontrolling interests and other	5,796		(11,400)
Balances	¥ (1,166,273)	¥ (916,650)	¥ 435,699

Accumulated other comprehensi_4

Accumulated other comprehensive income (Components of Accumulated Other Comprehensive Income (Loss) and Related Changes, Net of Taxes) (Parenthetical) (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) before reclassifications, taxes	¥ (22,845)	¥ 37,880	¥ 27,347
Reclassifications, taxes	(4,360)	4,071	7,229
Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) before reclassifications, taxes	1,865	8,703	(3,624)
Reclassifications, taxes	0
Unrealized gains (losses) on securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) before reclassifications, taxes	(50,969)	3,382	38,539
Reclassifications, taxes	(1,960)	6,963	9,729
Pension liability adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) before reclassifications, taxes	26,259	25,795	(7,568)
Reclassifications, taxes	¥ (2,400)	¥ (2,892)	¥ (2,500)

Accumulated other comprehensi_5

Accumulated other comprehensive income (Reclassifications Out of Accumulated Other Comprehensive Income (Loss)) (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Foreign exchange gain (loss), net	¥ 79,020	¥ (12,400)	¥ (22,664)
Other income (loss), net	(14,705)	50,843	(45,948)
Costs and Expenses	27,487,123	27,758,136	26,979,648
Income before income taxes and equity in earnings of affiliated companies	(2,554,607)	(2,285,465)	(2,620,429)
Provision for income taxes	683,430	659,944	504,406
Equity in earnings of affiliated companies	(271,152)	(360,066)	(470,083)
Net income	(2,142,329)	(1,985,587)	(2,586,106)
Reclassification from AOCI, Current Period, Tax	(4,360)	4,071	7,229
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	10,392	(6,197)	(22,221)
Foreign currency translation adjustments \| Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income (loss), net		1,377	(6,664)
Income before income taxes and equity in earnings of affiliated companies		1,377	(6,664)
Net income		1,377	(6,664)
Unrealized gains (losses) on securities \| Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Foreign exchange gain (loss), net	8,823	(22,374)	(25,247)
Other income (loss), net	(2,484)	(827)	(1,993)
Income before income taxes and equity in earnings of affiliated companies	6,246	(21,958)	(31,807)
Provision for income taxes	(1,960)	6,963	9,729
Equity in earnings of affiliated companies	99	(31)	20
Net income	4,385	(15,026)	(22,058)
Unrealized gains (losses) on securities \| Reclassification out of Accumulated Other Comprehensive Income \| Financial Service [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Financing operations	(93)	1,243	(4,567)
Recognized net actuarial loss \| Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income (loss), net	12,611	14,029
Costs and Expenses			12,914
Amortization of prior service costs \| Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income (loss), net	(4,204)	(3,685)
Costs and Expenses			(3,913)
Pension liability adjustments
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	8,407	10,344	9,001
Reclassification from AOCI, Current Period, Tax	(2,400)	(2,892)	(2,500)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	¥ 6,007	¥ 7,452	¥ 6,501

Stock-based compensation - Addi

Stock-based compensation - Additional Information (Detail) - JPY (¥)	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Stock-based compensation expense related to stock options	¥ 0	¥ 0	¥ 0
Total intrinsic value of stock options exercised	0	618,000,000	1,881,000,000
Cash received from options exercised	¥ 0	¥ 490,000,000	¥ 2,399,000,000
Stock options granted in and after August 2006
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Term of options (in years)	8 years
Exercise price ratio	1.025%
Vesting period	2 years

Stock-based compensation (Summa

Stock-based compensation (Summary of Toyota's Stock Option Activity) (Detail) - JPY (¥) ¥ / shares in Units, ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Number of shares
Options outstanding, beginning balance	0	283,600	1,192,300
Granted	0	0	0
Exercised	0	(155,100)	(643,800)
Canceled	0	(128,500)	(264,900)
Options outstanding, ending balance	0	0	283,600	1,192,300
Options exercisable at year end	0	0	283,600
Weighted-average exercise price
Options outstanding, beginning balance	¥ 0	¥ 3,153	¥ 3,682
Granted	0	0	0
Exercised	0	3,156	3,726
Canceled	0	3,153	4,154
Options outstanding, ending balance	0	0	3,153	¥ 3,682
Options exercisable at year end	¥ 0	¥ 0	¥ 3,153
Weighted-average remaining contractual life in years
Options outstanding, Weighted- average remaining contractual term	0 years	0 years	3 months 29 days	9 months 18 days
Options exercisable at year end		0 years	3 months 29 days
Aggregate intrinsic value
Option outstanding aggregate intrinsic value at year end	¥ 0	¥ 0	¥ 1,041	¥ 2,813
Options exercisable at year end	¥ 0	¥ 0	¥ 1,041

Employee benefit plans (Informa

Employee benefit plans (Information Regarding Defined Benefit Plans) (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Japan
Change in benefit obligation
Benefit obligation at beginning of year	¥ 2,100,073	¥ 2,019,310
Service cost	93,298	99,838	¥ 88,964
Interest cost	10,514	12,967	13,252
Plan participants' contributions	1,014	974
Plan amendments	(988)	(1,067)
Net actuarial (gain) loss	(48,602)	67,391
Acquisition and other	(55,070)	(20,786)
Benefits paid	(48,796)	(78,554)
Benefit obligation at end of year	2,051,443	2,100,073	2,019,310
Change in plan assets
Balance at beginning of year	1,600,491	1,612,879
Actual return on plan assets	(70,503)	3,208
Acquisition and other	(41,105)	(13,705)
Employer contributions	38,144	41,276
Plan participants' contributions	1,014	974
Benefits paid	(15,010)	(44,141)
Balance at end of year	1,513,031	1,600,491	1,612,879
Funded status	538,412	499,582
Foreign Plans
Change in benefit obligation
Benefit obligation at beginning of year	1,186,897	1,097,981
Service cost	46,869	46,930	35,887
Interest cost	40,335	40,708	37,817
Plan participants' contributions	2,018	1,045
Plan amendments	3,308	13
Net actuarial (gain) loss	(2,865)	7,755
Acquisition and other	(28,548)	21,634
Benefits paid	(40,200)	(29,169)
Benefit obligation at end of year	1,207,814	1,186,897	1,097,981
Change in plan assets
Balance at beginning of year	882,784	815,483
Actual return on plan assets	13,421	59,237
Acquisition and other	(28,068)	12,696
Employer contributions	29,407	18,952
Plan participants' contributions	2,018	1,045
Benefits paid	(30,661)	(24,629)
Balance at end of year	868,901	882,784	¥ 815,483
Funded status	¥ 338,913	¥ 304,113

Employee benefit plans (Amounts

Employee benefit plans (Amounts Recognized in Consolidated Balance Sheet Associated with Defined Benefit Plans) (Detail) - JPY (¥) ¥ in Millions	Mar. 31, 2020	Mar. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Accrued pension and severance costs	¥ 978,626	¥ 963,406
Japan
Defined Benefit Plan Disclosure [Line Items]
Accrued expenses (Accrued pension and severance costs)	33,422	34,298
Accrued pension and severance costs	639,764	657,380
Investments and other assets - Other (Prepaid pension and severance costs)	(134,774)	(192,096)
Net amount recognized	538,412	499,582
Foreign Plans
Defined Benefit Plan Disclosure [Line Items]
Accrued expenses (Accrued pension and severance costs)	7,934	3,234
Accrued pension and severance costs	338,862	306,026
Investments and other assets - Other (Prepaid pension and severance costs)	(7,883)	(5,147)
Net amount recognized	¥ 338,913	¥ 304,113

Employee benefit plans (Amoun_2

Employee benefit plans (Amounts Recognized in Accumulated Other Comprehensive Income (Loss)) (Detail) - JPY (¥) ¥ in Millions	Mar. 31, 2020	Mar. 31, 2019
Japan
Schedule of Pension and Other Postretirement Benefits Recognized in Accumulated Other Comprehensive Income (Loss) [Line Items]
Net actuarial loss	¥ (383,485)	¥ (339,814)
Prior service costs	21,538	29,801
Net transition obligation	0	0
Net amount recognized	(361,947)	(310,013)
Foreign Plans
Schedule of Pension and Other Postretirement Benefits Recognized in Accumulated Other Comprehensive Income (Loss) [Line Items]
Net actuarial loss	(116,171)	(91,072)
Prior service costs	(5,352)	(1,612)
Net transition obligation	0	0
Net amount recognized	¥ (121,523)	¥ (92,684)

Employee benefit plans - Additi

Employee benefit plans - Additional Information (Detail) - JPY (¥) ¥ in Millions	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Japan
Pension and Other Postretirement Benefits Disclosure [Line Items]
Accumulated benefit obligation for all defined benefit pension plans		¥ 1,993,624	¥ 2,040,344
Japan \| Equity securities
Pension and Other Postretirement Benefits Disclosure [Line Items]
Percentage of plan assets invested		40.00%
Japan \| Equity securities \| Common stocks
Pension and Other Postretirement Benefits Disclosure [Line Items]
Plan asset allocation		75.00%	73.00%
Japan \| Debt securities
Pension and Other Postretirement Benefits Disclosure [Line Items]
Percentage of plan assets invested		30.00%
Japan \| Debt securities \| Government bonds
Pension and Other Postretirement Benefits Disclosure [Line Items]
Plan asset allocation		37.00%	33.00%
Japan \| Scenario Forecast
Pension and Other Postretirement Benefits Disclosure [Line Items]
Estimated prior service costs	¥ (3,400)
Estimated net actuarial loss	13,300
Expected contribution to pension plans	38,667
Foreign Plans
Pension and Other Postretirement Benefits Disclosure [Line Items]
Accumulated benefit obligation for all defined benefit pension plans		¥ 1,134,977	¥ 1,120,453
Foreign Plans \| Equity securities
Pension and Other Postretirement Benefits Disclosure [Line Items]
Percentage of plan assets invested		40.00%
Foreign Plans \| Equity securities \| Common stocks
Pension and Other Postretirement Benefits Disclosure [Line Items]
Plan asset allocation		25.00%	27.00%
Foreign Plans \| Debt securities
Pension and Other Postretirement Benefits Disclosure [Line Items]
Percentage of plan assets invested		50.00%
Foreign Plans \| Debt securities \| Government bonds
Pension and Other Postretirement Benefits Disclosure [Line Items]
Plan asset allocation		63.00%	67.00%
Foreign Plans \| Scenario Forecast
Pension and Other Postretirement Benefits Disclosure [Line Items]
Estimated prior service costs	100
Estimated net actuarial loss	6,000
Expected contribution to pension plans	¥ 17,749

Employee benefit plans (Project

Employee benefit plans (Projected Benefit Obligation, Accumulated Benefit Obligation and Fair Value of Plan Assets for which Accumulated Benefit Obligations Exceed Plan Assets) (Detail) - JPY (¥) ¥ in Millions	Mar. 31, 2020	Mar. 31, 2019
Japan
Schedule of Pension Plans with Projected and Accumulated Benefit Obligations in Excess of Plan Assets [Line Items]
Projected benefit obligation	¥ 846,068	¥ 878,009
Fair value of plan assets	188,241	203,277
Accumulated benefit obligation	783,561	847,017
Fair value of plan assets	155,345	198,315
Foreign Plans
Schedule of Pension Plans with Projected and Accumulated Benefit Obligations in Excess of Plan Assets [Line Items]
Projected benefit obligation	1,025,234	681,025
Fair value of plan assets	678,522	357,583
Accumulated benefit obligation	403,810	515,918
Fair value of plan assets	¥ 93,717	¥ 215,006

Employee benefit plans (Compone

Employee benefit plans (Components of Net Periodic Pension Cost) (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Japan
Net Period Benefit Cost Assumptions [Line Items]
Service cost	¥ 93,298	¥ 99,838	¥ 88,964
Interest cost	10,514	12,967	13,252
Expected return on plan assets	(37,813)	(38,551)	(36,409)
Amortization of prior service costs	(4,346)	(3,904)	(4,226)
Recognized net actuarial loss	8,356	6,927	7,462
Amortization of net transition obligation	0	0	0
Net periodic pension cost	70,009	77,277	69,043
Foreign Plans
Net Period Benefit Cost Assumptions [Line Items]
Service cost	46,869	46,930	35,887
Interest cost	40,335	40,708	37,817
Expected return on plan assets	(43,003)	(37,530)	(41,048)
Amortization of prior service costs	142	219	313
Recognized net actuarial loss	4,255	7,102	5,452
Amortization of net transition obligation	0	0	0
Net periodic pension cost	¥ 48,598	¥ 57,429	¥ 38,421

Employee benefit plans (Other C

Employee benefit plans (Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Loss)) (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Japan
Schedule of Pension and Other Postretirement Benefits Recognized in Accumulated Other Comprehensive Income (Loss) [Line Items]
Net actuarial gain (loss)	¥ (59,714)	¥ (102,734)	¥ 39,852
Recognized net actuarial loss	8,356	6,927	7,462
Prior service costs	988	1,067	58
Amortization of prior service costs	(4,346)	(3,904)	(4,226)
Amortization of net transition obligation	0	0	0
Other	2,782	4,610	(7,979)
Total recognized in other comprehensive income (loss)	(51,934)	(94,034)	35,167
Foreign Plans
Schedule of Pension and Other Postretirement Benefits Recognized in Accumulated Other Comprehensive Income (Loss) [Line Items]
Net actuarial gain (loss)	(26,717)	13,952	(17,163)
Recognized net actuarial loss	4,255	7,102	5,452
Prior service costs	(3,308)	(13)	12
Amortization of prior service costs	142	219	313
Amortization of net transition obligation	0	0	0
Other	(3,211)	7,289	9,004
Total recognized in other comprehensive income (loss)	¥ (28,839)	¥ 28,549	¥ (2,382)

Employee benefit plans (Weighte

Employee benefit plans (Weighted-Average Assumptions Used to Determine Benefit Obligations and Net Periodic Pension Cost) (Detail)	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Japan
Defined benefit plan, weighted average assumptions used in calculating benefit obligation
Discount rate	0.60%	0.60%
Rate of compensation increase	2.50%	3.10%
Defined benefit plan, weighted average assumptions used in calculating net periodic benefit cost
Discount rate	0.60%	0.70%	0.70%
Expected return on plan assets	2.40%	2.40%	2.40%
Rate of compensation increase	3.10%	3.30%	2.90%
Foreign Plans
Defined benefit plan, weighted average assumptions used in calculating benefit obligation
Discount rate	3.50%	3.80%
Rate of compensation increase	3.40%	3.50%
Defined benefit plan, weighted average assumptions used in calculating net periodic benefit cost
Discount rate	3.80%	3.90%	4.00%
Expected return on plan assets	5.20%	5.60%	6.00%
Rate of compensation increase	3.50%	3.60%	3.80%

Employee benefit plans (Summary

Employee benefit plans (Summary of Fair Value of Classes of Plan Assets) (Detail) - JPY (¥) ¥ in Millions	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Foreign Plans
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	¥ 868,901	¥ 882,784	¥ 815,483
Japan
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	1,513,031	1,600,491	1,612,879
Equity securities \| Foreign Plans
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	298,915	339,261
Equity securities \| Japan
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	603,864	723,171
Equity securities \| Common stocks \| Foreign Plans
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	111,997	123,875
Equity securities \| Common stocks \| Japan
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	467,885	531,159
Equity securities \| Commingled funds \| Foreign Plans
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	186,918	215,386
Equity securities \| Commingled funds \| Japan
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	135,979	192,012
Debt securities \| Foreign Plans
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	352,352	305,931
Debt securities \| Japan
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	440,250	440,013
Debt securities \| Commingled funds \| Japan
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	278,394	286,783
Debt securities \| Government bonds \| Foreign Plans
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	181,702	141,054
Debt securities \| Government bonds \| Japan
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	86,212	98,578
Debt securities \| Other \| Foreign Plans
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	170,650	164,877
Debt securities \| Other \| Japan
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	75,644	54,652
Insurance Contracts \| Japan
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	226,043	226,093
Other \| Foreign Plans
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	63,086	63,005
Other \| Japan
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	155,965	126,889
Investments measured at net asset value \| Foreign Plans
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	154,548	174,587
Investments measured at net asset value \| Japan
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	86,909	84,325
Level 1 \| Foreign Plans
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	304,124	275,221
Level 1 \| Japan
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	644,083	713,945
Level 1 \| Equity securities \| Foreign Plans
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	111,997	123,875
Level 1 \| Equity securities \| Japan
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	467,885	531,159
Level 1 \| Equity securities \| Common stocks \| Foreign Plans
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	111,997	123,875
Level 1 \| Equity securities \| Common stocks \| Japan
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	467,885	531,159
Level 1 \| Debt securities \| Foreign Plans
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	181,702	141,054
Level 1 \| Debt securities \| Japan
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	86,212	98,578
Level 1 \| Debt securities \| Government bonds \| Foreign Plans
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	181,702	141,054
Level 1 \| Debt securities \| Government bonds \| Japan
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	86,212	98,578
Level 1 \| Other \| Foreign Plans
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	10,425	10,292
Level 1 \| Other \| Japan
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	89,986	84,208
Level 2 \| Foreign Plans
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	381,978	405,073
Level 2 \| Japan
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	775,840	797,979
Level 2 \| Equity securities \| Foreign Plans
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	186,918	215,386
Level 2 \| Equity securities \| Japan
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	135,979	192,012
Level 2 \| Equity securities \| Commingled funds \| Foreign Plans
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	186,918	215,386
Level 2 \| Equity securities \| Commingled funds \| Japan
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	135,979	192,012
Level 2 \| Debt securities \| Foreign Plans
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	170,650	164,877
Level 2 \| Debt securities \| Japan
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	354,038	341,435
Level 2 \| Debt securities \| Commingled funds \| Japan
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	278,394	286,783
Level 2 \| Debt securities \| Other \| Foreign Plans
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	170,650	164,877
Level 2 \| Debt securities \| Other \| Japan
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	75,644	54,652
Level 2 \| Insurance Contracts \| Japan
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	226,043	226,093
Level 2 \| Other \| Foreign Plans
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	24,410	24,810
Level 2 \| Other \| Japan
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	59,780	38,439
Level 3 \| Foreign Plans
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	28,251	27,903
Level 3 \| Japan
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	6,199	4,242	¥ 19	¥ 577
Level 3 \| Other \| Foreign Plans
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	28,251	27,903
Level 3 \| Other \| Japan
Schedule of Pension and Other Postretirement Plan Assets by Fair Value [Line Items]
Plan assets	¥ 6,199	¥ 4,242

Employee benefit plans (Changes

Employee benefit plans (Changes in Level 3 Plan Assets Measured At Fair Value) (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Japan
Defined Benefit Plan Disclosure [Line Items]
Balance at beginning of year	¥ 1,600,491	¥ 1,612,879
Actual return on plan assets	(70,503)	3,208
Balance at end of year	1,513,031	1,600,491	¥ 1,612,879
Foreign Plans
Defined Benefit Plan Disclosure [Line Items]
Balance at beginning of year	882,784	815,483
Actual return on plan assets	13,421	59,237
Balance at end of year	868,901	882,784	815,483
Level 3 \| Japan
Defined Benefit Plan Disclosure [Line Items]
Balance at beginning of year	4,242	19	577
Actual return on plan assets	(43)	(164)	(4)
Purchases, sales and settlements		(19)	(554)
Other	2,000	4,406
Balance at end of year	6,199	4,242	19
Level 3 \| Foreign Plans
Defined Benefit Plan Disclosure [Line Items]
Balance at beginning of year	27,903
Balance at end of year	28,251	27,903
Level 3 \| Debt securities \| Japan
Defined Benefit Plan Disclosure [Line Items]
Balance at beginning of year		19	81
Purchases, sales and settlements		(19)	(62)
Balance at end of year			19
Level 3 \| Other \| Japan
Defined Benefit Plan Disclosure [Line Items]
Balance at beginning of year	4,242		496
Actual return on plan assets	(43)	(164)	(4)
Purchases, sales and settlements			(492)
Other	2,000	4,406
Balance at end of year	6,199	4,242
Level 3 \| Other \| Foreign Plans
Defined Benefit Plan Disclosure [Line Items]
Balance at beginning of year	27,903	31,288	30,903
Actual return on plan assets	891	(4,784)	2,024
Other	(543)	1,399	(1,639)
Balance at end of year	¥ 28,251	¥ 27,903	¥ 31,288

Employee benefit plans (Expecte

Employee benefit plans (Expected Benefit Payments Associated with Pension and Postretirement Benefit Plans) (Detail) ¥ in Millions	Mar. 31, 2020JPY (¥)
Japan
Schedule of Pension Expected Future Benefit Payments [Line Items]
2021	¥ 82,748
2022	86,207
2023	87,914
2024	90,887
2025	87,909
from 2026 to 2030	441,675
Total	877,340
Foreign Plans
Schedule of Pension Expected Future Benefit Payments [Line Items]
2021	43,815
2022	45,841
2023	47,645
2024	49,795
2025	50,854
from 2026 to 2030	281,343
Total	¥ 519,293

Derivative financial instrume_3

Derivative financial instruments (Fair Values of Derivative Financial Instruments) (Detail) - JPY (¥) ¥ in Millions	Mar. 31, 2020	Mar. 31, 2019
Derivatives, Fair Value [Line Items]
Total derivative assets	¥ 503,826	¥ 200,333
Counterparty netting	(176,541)	(89,364)
Collateral received	(121,979)	(46,590)
Carrying value of derivative assets	205,306	64,379
Total derivative liabilities	(437,008)	(231,915)
Counterparty netting	176,541	89,364
Collateral posted	234,937	110,159
Carrying value of derivative liabilities	(25,530)	(32,392)
Interest rate and currency swap agreements
Derivatives, Fair Value [Line Items]
Derivative assets	478,510	189,613
Derivative liabilities	0
Derivative liabilities	(419,763)	(218,068)
Interest rate and currency swap agreements \| Prepaid expenses and Other current assets
Derivatives, Fair Value [Line Items]
Derivative assets	105,724	74,971
Interest rate and currency swap agreements \| Investments and other assets - Other
Derivatives, Fair Value [Line Items]
Derivative assets	372,786	114,642
Interest rate and currency swap agreements \| Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	0
Derivative liabilities	(76,492)	(28,911)
Interest rate and currency swap agreements \| Other long-term liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	0
Derivative liabilities	(343,271)	(189,157)
Foreign exchange forward and option contracts
Derivatives, Fair Value [Line Items]
Derivative assets	25,316	10,720
Derivative liabilities	(17,245)	(13,847)
Foreign exchange forward and option contracts \| Prepaid expenses and Other current assets
Derivatives, Fair Value [Line Items]
Derivative assets	25,316	10,720
Foreign exchange forward and option contracts \| Investments and other assets - Other
Derivatives, Fair Value [Line Items]
Derivative assets	0
Foreign exchange forward and option contracts \| Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	(17,245)	¥ (13,847)
Foreign exchange forward and option contracts \| Other long-term liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities
Fair value hedging derivative financial instruments \| Interest rate and currency swap agreements
Derivatives, Fair Value [Line Items]
Derivative assets	0
Fair value hedging derivative financial instruments \| Interest rate and currency swap agreements \| Prepaid expenses and Other current assets
Derivatives, Fair Value [Line Items]
Derivative assets	0
Fair value hedging derivative financial instruments \| Interest rate and currency swap agreements \| Investments and other assets - Other
Derivatives, Fair Value [Line Items]
Derivative assets	¥ 0

Derivative financial instrume_4

Derivative financial instruments (Notional Amounts of Derivative Financial Instruments) (Detail) - Undesignated derivative financial instruments - JPY (¥) ¥ in Millions	Mar. 31, 2020	Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative financial instruments, notional amount	¥ 24,226,842	¥ 25,007,461
Interest rate and currency swap agreements
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative financial instruments, notional amount	20,310,018	21,001,883
Foreign exchange forward and option contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative financial instruments, notional amount	¥ 3,916,824	¥ 4,005,578

Derivative financial instrume_5

Derivative financial instruments (Gains and Losses on Derivative Financial Instruments and Hedged Items Reported in Consolidated Statement of Income) (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Fair value hedging derivative financial instruments \| Interest rate and currency swap agreements \| Cost of financing operations
Derivative Instruments, Gain (Loss) [Line Items]
Gains or (losses) on derivative financial instruments	¥ 0	¥ (822)	¥ 782
Gains or (losses) on hedged items	0	799	(227)
Undesignated derivative financial instruments \| Interest rate and currency swap agreements \| Cost of financing operations
Derivative Instruments, Gain (Loss) [Line Items]
Gains or (losses) on derivative financial instruments	51,552	(18,433)	42,220
Undesignated derivative financial instruments \| Interest rate and currency swap agreements \| Foreign exchange gain (loss), net
Derivative Instruments, Gain (Loss) [Line Items]
Gains or (losses) on derivative financial instruments	67,142	37,124	30,339
Undesignated derivative financial instruments \| Foreign exchange forward and option contracts \| Cost of financing operations
Derivative Instruments, Gain (Loss) [Line Items]
Gains or (losses) on derivative financial instruments	33,538	2,240	6,442
Undesignated derivative financial instruments \| Foreign exchange forward and option contracts \| Foreign exchange gain (loss), net
Derivative Instruments, Gain (Loss) [Line Items]
Gains or (losses) on derivative financial instruments	¥ 8,281	¥ (69,826)	¥ 73,115

Derivative financial instrume_6

Derivative financial instruments - Additional Information (Detail) ¥ in Millions	Mar. 31, 2020JPY (¥)
Derivative [Line Items]
Credit risk derivatives, fair value, net liability	¥ 6,750
Credit risk derivatives, aggregate fair value of assets posted	230,830
Maximum amount of assets to be posted if the ratings decline below specified thresholds	¥ 6,750

Other financial instruments (Es

Other financial instruments (Estimated Fair Value of Toyota's Financial Instrument, Excluding Marketable Securities, Other Securities Investments, Investments and Other Assets in Affiliated Companies and Derivative Financial Instruments) (Detail) - JPY (¥) ¥ in Millions	Mar. 31, 2020	Mar. 31, 2019
Assets (Liabilities)
Cash and cash equivalents	¥ 4,190,518	¥ 3,574,704
Time deposits	828,220	1,126,352
Other receivables	564,854	568,156
Short-term borrowings	(5,286,026)	(5,344,973)
Carrying amount
Assets (Liabilities)
Cash and cash equivalents	4,190,518	3,574,704
Time deposits	828,220	1,126,352
Total finance receivables, net	15,511,294	15,450,745
Other receivables	564,854	568,156
Short-term borrowings	(5,286,026)	(5,344,973)
Long-term debt including the current portion	(15,238,006)	(14,786,184)
Estimated fair value
Assets (Liabilities)
Cash and cash equivalents	4,190,518	3,574,704
Time deposits	828,220	1,126,352
Total finance receivables, net	15,703,737	15,668,542
Other receivables	564,854	568,156
Short-term borrowings	(5,286,026)	(5,344,973)
Long-term debt including the current portion	(14,610,833)	(14,620,164)
Estimated fair value \| Level 1
Assets (Liabilities)
Cash and cash equivalents	3,598,318	2,980,504
Estimated fair value \| Level 2
Assets (Liabilities)
Cash and cash equivalents	592,200	594,200
Time deposits	828,220	1,126,352
Short-term borrowings	(5,274,071)	(5,285,807)
Long-term debt including the current portion	(12,644,187)	(12,786,541)
Estimated fair value \| Level 3
Assets (Liabilities)
Total finance receivables, net	15,703,737	15,668,542
Other receivables	564,854	568,156
Short-term borrowings	(11,955)	(59,166)
Long-term debt including the current portion	¥ (1,966,646)	¥ (1,833,623)

Lease commitments (Analysis of

Lease commitments (Analysis of Leased Assets Under Capital Leases) (Detail) - JPY (¥) ¥ in Millions	Mar. 31, 2020	Mar. 31, 2019
Class of property
Less - Accumulated depreciation	¥ (25,036)	¥ (30,016)
Capital Leases, Balance Sheet, Assets by Major Class, Net, Total	60,091	17,339
Building
Class of property
Capital leased assets, gross	22,790	18,519
Machinery and equipment
Class of property
Capital leased assets, gross	¥ 62,337	¥ 28,836

Lease commitments - Additional

Lease commitments - Additional Information (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Lease and Rental Expense [Line Items]
Capital leases, amortization expenses	¥ 7,879	¥ 5,541
Operating lease, rental expenses	¥ 115,503	¥ 112,934

Lease commitments (Minimum Rent

Lease commitments (Minimum Rental Payments Required Under Operating Leases Relating to Land, Buildings and Equipment) (Detail) - JPY (¥) ¥ in Millions	Mar. 31, 2020	Mar. 31, 2019
Schedule of Operating Leases [Line Items]
2020	¥ 41,618	¥ 16,078
2021	33,648	13,396
2022	26,890	11,862
2023	22,640	10,219
2024	20,437	8,034
Thereafter	165,454	32,598
Total minimum lease payments	¥ 310,687	¥ 92,187

Lease commitments - (Summary of

Lease commitments - (Summary of lease cost) (Detail) ¥ in Millions	12 Months Ended
	Mar. 31, 2020JPY (¥)
Finance lease expense
Amortization of right-of-use asset	¥ 14,676
Interest on lease liabilities	805
Operating lease expense	80,343
Short term lease expense	44,440
Lease payment	¥ 140,264

Lease commitments - (Summary _2

Lease commitments - (Summary of Other supplementary information) (Detail) ¥ in Millions	12 Months Ended
	Mar. 31, 2020JPY (¥)
Cash paid for amounts included in the measurement of finance lease liabilities
Cash flow from operating activities	¥ 805
Cash flow from financing activities	5,860
Cash paid for amounts included in the measurement of operating lease liabilities
Cash flow from operating activities	80,101
Finance lease	47,082
Operating lease	¥ 105,913
Finance lease years	5 years 7 months 6 days
Operating lease years	8 years 4 months 24 days
Finance lease discount rate	4.23%
Operating lease discount rate	2.13%

Lease commitments (Future Minim

Lease commitments (Future Minimum Lease Payments Under Finance And Operating Leases Together with Present Value of Net Minimum Lease Payments) (Detail) - JPY (¥) ¥ in Millions	Mar. 31, 2020	Mar. 31, 2019
Schedule of Future Minimum Lease Payments for Finance Leases [Abstract]
2021	¥ 6,378
2022	4,320
2023	3,124
2024	2,842
2025	2,525
Thereafter	17,629
Total minimum lease payments	36,818
Less - Amount representing interest	(7,881)
Present value of net minimum lease payments	28,937
Current liability	5,460
Noncurrent liability	23,477
Total minimum lease present value	28,937
Schedule of Future Minimum Lease Payments for Operating Leases [Abstract]
2021	41,618	¥ 16,078
2022	33,648	13,396
2023	26,890	11,862
2024	22,640	10,219
2025	20,437	8,034
Thereafter	165,454	32,598
Total minimum lease payments	310,687	¥ 92,187
Less - Amount representing interest	(29,732)
Present value of net minimum lease payments	280,955
Current liability	39,136
Noncurrent liability	241,819
Total minimum lease present value	¥ 280,955

Other commitments and conting_2

Other commitments and contingencies, concentrations and factors that may affect future operations - Additional Information (Detail) ¥ in Millions	12 Months Ended
	Mar. 31, 2020JPY (¥)
Commitments and Contingencies Disclosure [Line Items]
Guarantee contracts obligations, maximum potential amount of future payments	¥ 3,333,385
Guarantee contracts obligations, liabilities	10,615
Purchase Commitment
Commitments and Contingencies Disclosure [Line Items]
Commitments outstanding for purchase of property, plant and equipment, service and other assets	¥ 362,071
Minimum
Commitments and Contingencies Disclosure [Line Items]
Payment guarantee period	1 month
Maximum
Commitments and Contingencies Disclosure [Line Items]
Payment guarantee period	8 years

Segment data (Segment Operating

Segment data (Segment Operating Results and Assets) (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Net revenues
Sales to external customers	¥ 29,929,992	¥ 30,225,681	¥ 29,379,510
Total net revenues	29,929,992	30,225,681	29,379,510
Operating expenses	27,487,123	27,758,136	26,979,648
Operating income	2,442,869	2,467,545	2,399,862
Assets	52,680,436	51,936,949	50,308,249
Investment in equity method investees	4,090,790	3,313,703	3,162,711
Depreciation expenses	1,605,383	1,792,375	1,734,033
Capital expenditure	3,603,232	3,738,887	3,598,707
Inter-segment Elimination
Net revenues
Inter-segment sales and transfers	(628,631)	(683,320)	(681,556)
Total net revenues	(628,631)	(683,320)	(681,556)
Operating expenses	(630,316)	(683,622)	(683,925)
Operating income	1,685	302	2,369
Assets	7,043,760	7,967,602	8,019,941
Investment in equity method investees	137,362	85,675	96,415
Capital expenditure	14,818	(13,163)	(11,667)
Automotive \| Operating Segments
Net revenues
Sales to external customers	26,834,485	27,034,492	26,347,229
Inter-segment sales and transfers	29,029	44,585	50,711
Total net revenues	26,863,514	27,079,077	26,397,940
Operating expenses	24,811,168	25,040,193	24,386,805
Operating income	2,052,346	2,038,884	2,011,135
Assets	18,754,728	17,799,376	17,054,209
Investment in equity method investees	3,711,151	3,215,856	3,054,583
Depreciation expenses	824,777	997,312	976,735
Capital expenditure	1,454,142	1,520,366	1,381,122
Financial Services \| Operating Segments
Net revenues
Sales to external customers	2,170,243	2,120,343	1,959,234
Inter-segment sales and transfers	20,316	33,204	57,774
Total net revenues	2,190,559	2,153,547	2,017,008
Operating expenses	1,898,376	1,830,726	1,731,462
Operating income	292,183	322,821	285,546
Assets	24,858,837	24,044,700	23,055,981
Investment in equity method investees	61,852	12,172	11,713
Depreciation expenses	743,710	758,847	723,061
Capital expenditure	2,062,718	2,165,609	2,166,805
All Other \| Operating Segments
Net revenues
Sales to external customers	925,264	1,070,846	1,073,047
Inter-segment sales and transfers	579,286	605,531	573,071
Total net revenues	1,504,550	1,676,377	1,646,118
Operating expenses	1,407,895	1,570,839	1,545,306
Operating income	96,655	105,538	100,812
Assets	2,023,111	2,125,271	2,178,118
Investment in equity method investees	180,425
Depreciation expenses	36,896	36,216	34,237
Capital expenditure	¥ 71,554	¥ 66,075	¥ 62,447

Segment data (Geographic Inform

Segment data (Geographic Information) (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Net revenues
Sales to external customers	¥ 29,929,992	¥ 30,225,681	¥ 29,379,510
Total net revenues	29,929,992	30,225,681	29,379,510
Operating expenses	27,487,123	27,758,136	26,979,648
Operating income (loss)	2,442,869	2,467,545	2,399,862
Assets	52,680,436	51,936,949	50,308,249
Long-lived assets	10,601,525	10,685,494	10,267,673
Long-lived assets, include operating lease right-of-use assets	10,878,643
Geography Eliminations
Net revenues
Inter-segment sales and transfers	(7,982,313)	(8,302,252)	(8,006,406)
Total net revenues	(7,982,313)	(8,302,252)	(8,006,406)
Operating expenses	(7,974,307)	(8,290,140)	(7,986,563)
Operating income (loss)	(8,006)	(12,112)	(19,843)
Assets	4,878,678	5,902,470	6,348,099
Japan \| Reportable Geographical Components
Net revenues
Sales to external customers	9,522,905	9,520,148	9,273,672
Inter-segment sales and transfers	6,938,616	7,105,213	6,751,172
Total net revenues	16,461,521	16,625,361	16,024,844
Operating expenses	14,893,543	14,933,686	14,364,926
Operating income (loss)	1,567,978	1,691,675	1,659,918
Assets	17,517,032	16,465,702	15,797,024
Long-lived assets		3,607,843	3,511,663
Long-lived assets, include operating lease right-of-use assets	3,880,118
North America \| Reportable Geographical Components
Net revenues
Sales to external customers	10,416,582	10,585,934	10,347,266
Inter-segment sales and transfers	222,166	231,313	227,144
Total net revenues	10,638,748	10,817,247	10,574,410
Operating expenses	10,368,119	10,702,732	10,435,511
Operating income (loss)	270,629	114,515	138,899
Assets	18,012,336	17,452,216	16,936,704
Long-lived assets		5,469,262	5,179,139
Long-lived assets, include operating lease right-of-use assets	5,374,456
Europe \| Reportable Geographical Components
Net revenues
Sales to external customers	3,138,755	3,055,654	2,940,243
Inter-segment sales and transfers	222,123	183,197	244,981
Total net revenues	3,360,878	3,238,851	3,185,224
Operating expenses	3,210,333	3,113,983	3,110,198
Operating income (loss)	150,545	124,868	75,026
Assets	4,192,858	3,872,301	3,346,179
Long-lived assets		453,921	359,355
Long-lived assets, include operating lease right-of-use assets	561,371
Asia \| Reportable Geographical Components
Net revenues
Sales to external customers	4,828,635	4,832,392	4,497,374
Inter-segment sales and transfers	510,021	680,639	650,765
Total net revenues	5,338,656	5,513,031	5,148,139
Operating expenses	4,967,657	5,055,542	4,714,940
Operating income (loss)	370,999	457,489	433,199
Assets	5,241,588	5,176,990	4,893,582
Long-lived assets		729,494	797,435
Long-lived assets, include operating lease right-of-use assets	668,252
Other Countries \| Reportable Geographical Components
Net revenues
Sales to external customers	2,023,115	2,231,553	2,320,955
Inter-segment sales and transfers	89,387	101,890	132,344
Total net revenues	2,112,502	2,333,443	2,453,299
Operating expenses	2,021,778	2,242,333	2,340,636
Operating income (loss)	90,724	91,110	112,663
Assets	2,837,944	3,067,270	2,986,661
Long-lived assets		¥ 424,974	¥ 420,081
Long-lived assets, include operating lease right-of-use assets	¥ 394,446

Segment data - Additional Infor

Segment data - Additional Information (Detail) - JPY (¥) ¥ in Millions	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting Information [Line Items]
Total assets	¥ 52,680,436	¥ 51,936,949	¥ 50,308,249
Corporate
Segment Reporting Information [Line Items]
Total assets	¥ 8,630,468	¥ 9,329,020	¥ 9,386,399

Segment data (Revenues that are

Segment data (Revenues that are Attributed to Countries Based on Location of Customers, Excluding Customers in Japan (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
North America
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	¥ 10,543,638	¥ 10,675,298	¥ 10,403,647
Europe
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	2,937,216	2,873,737	2,730,915
Asia
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	5,263,943	5,355,991	4,793,110
Other Countries
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	¥ 3,936,572	¥ 3,944,854	¥ 4,186,666

Segment data (Balance Sheets -

Segment data (Balance Sheets - Non-financial Services and Financial Services Businesses) (Detail) - JPY (¥) ¥ in Millions		Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Current assets
Cash and cash equivalents		¥ 4,190,518	¥ 3,574,704
Marketable securities	[1]	678,731	1,127,160
Finance receivables, net		6,614,171	6,647,771
Inventories		2,434,918	2,656,396
Prepaid expenses and other current assets		1,236,225	805,964
Total current assets		18,642,531	18,879,237
Noncurrent finance receivables, net		10,423,858	10,281,118
Investments and other assets		13,012,522	12,091,100
Property, plant and equipment		10,601,525	10,685,494	¥ 10,267,673
Total assets		52,680,436	51,936,949	50,308,249
Current liabilities
Short-term borrowings		5,286,026	5,344,973
Current portion of long-term debt		4,574,045	4,254,260
Accrued expenses		2,926,052	3,222,446
Income taxes payable		218,117	320,998
Other current liabilities		1,443,687	1,335,475
Total current liabilities		17,902,377	18,226,938
Long-term liabilities
Long-term debt		10,692,898	10,550,945
Accrued pension and severance costs		978,626	963,406
Other long-term liabilities		821,515	615,599
Total long-term liabilities		13,536,208	13,144,801
Total liabilities		31,438,585	31,371,739
Mezzanine equity	[2]	504,169	498,073
Total Toyota Motor Corporation shareholders' equity		20,060,618	19,348,152
Noncontrolling interests		677,064	718,985
Total shareholders' equity		20,737,682	20,067,137	¥ 19,430,102	¥ 18,183,076
Total liabilities, mezzanine equity and shareholders' equity		52,680,436	51,936,949
Eliminations
Current assets
Total assets		(1,335,121)	(1,092,638)
Long-term liabilities
Total liabilities		(1,335,195)	(1,092,679)
Non Financial Services Businesses
Current assets
Cash and cash equivalents		2,774,498	2,790,212
Marketable securities		648,982	1,108,540
Trade accounts and notes receivable, less allowance for doubtful accounts		2,155,943	2,489,105
Inventories		2,434,916	2,656,396
Prepaid expenses and other current assets		2,413,274	2,118,922
Total current assets		10,427,613	11,163,175
Investments and other assets		12,435,115	11,643,209
Property, plant and equipment		6,293,992	6,178,503
Total assets		29,156,720	28,984,887
Current liabilities
Short-term borrowings		483,871	579,901
Current portion of long-term debt		156,664	173,379
Accounts payable		2,404,385	2,616,143
Accrued expenses		2,789,153	3,075,411
Income taxes payable		201,200	300,703
Other current liabilities		1,773,883	1,755,737
Total current liabilities		7,809,156	8,501,274
Long-term liabilities
Long-term debt		818,371	784,256
Accrued pension and severance costs		963,061	948,377
Other long-term liabilities		1,303,628	1,059,237
Total long-term liabilities		3,085,060	2,791,870
Total liabilities		10,894,216	11,293,144
Financial Services Business
Current assets
Cash and cash equivalents		1,416,020	784,492
Marketable securities		29,749	18,620
Finance receivables, net		6,614,171	6,647,771
Prepaid expenses and other current assets		1,205,912	997,116
Total current assets		9,265,852	8,447,999
Noncurrent finance receivables, net		10,423,858	10,281,118
Investments and other assets		861,594	808,592
Property, plant and equipment		4,307,533	4,506,991
Total assets		24,858,837	24,044,700
Current liabilities
Short-term borrowings		5,432,180	5,113,888
Current portion of long-term debt		4,508,666	4,127,133
Accounts payable		39,226	39,187
Accrued expenses		151,857	161,105
Income taxes payable		16,917	20,295
Other current liabilities		982,892	997,842
Total current liabilities		11,131,738	10,459,450
Long-term liabilities
Long-term debt		10,006,491	9,974,516
Accrued pension and severance costs		15,566	15,029
Other long-term liabilities		725,769	722,279
Total long-term liabilities		10,747,826	10,711,824
Total liabilities		¥ 21,879,564	¥ 21,171,274

[1]	Marketable securities and Marketable securities and other securities investments for the fiscal year ended March 31, 2020 include securities loaned of ¥156,051 million and ¥2,061,295 million, respectively.
[2]	The total number of authorized shares for common stock and Model AA Class Shares is 10,000,000,000 shares.

Segment data (Statements of Inc

Segment data (Statements of Income - Non-financial Services and Financial Services Businesses) (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net revenues	¥ 29,929,992	¥ 30,225,681	¥ 29,379,510
Costs and expenses
Selling, general and administrative	2,964,759	2,976,351	3,090,495
Total costs and expenses	27,487,123	27,758,136	26,979,648
Operating income	2,442,869	2,467,545	2,399,862
Other income (expense), net	111,738	(182,080)	220,567
Income before income taxes and equity in earnings of affiliated companies	2,554,607	2,285,465	2,620,429
Provision for income taxes	683,430	659,944	504,406
Equity in earnings of affiliated companies	271,152	360,066	470,083
Net income	2,142,329	1,985,587	2,586,106
Less - Net income attributable to noncontrolling interests	(66,146)	(102,714)	(92,123)
Net income attributable to Toyota Motor Corporation	2,076,183	1,882,873	2,493,983
Eliminations
Costs and expenses
Net income attributable to Toyota Motor Corporation	32	23	(2)
Non Financial Services Businesses
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net revenues	27,775,932	28,133,676	27,448,165
Costs and expenses
Cost of revenues	23,143,209	23,400,550	22,613,450
Selling, general and administrative	2,483,501	2,591,249	2,721,362
Total costs and expenses	25,626,710	25,991,799	25,334,812
Operating income	2,149,222	2,141,877	2,113,353
Other income (expense), net	130,259	(161,608)	222,326
Income before income taxes and equity in earnings of affiliated companies	2,279,481	1,980,269	2,335,679
Provision for income taxes	618,252	580,031	738,763
Equity in earnings of affiliated companies	260,149	357,527	467,718
Net income	1,921,378	1,757,765	2,064,634
Less - Net income attributable to noncontrolling interests	(67,559)	(97,500)	(89,533)
Net income attributable to Toyota Motor Corporation	1,853,819	1,660,265	1,975,101
Financial Services Business
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net revenues	2,190,559	2,153,547	2,017,008
Costs and expenses
Cost of revenues	1,395,211	1,418,636	1,320,348
Selling, general and administrative	503,165	412,090	411,114
Total costs and expenses	1,898,376	1,830,726	1,731,462
Operating income	292,183	322,821	285,546
Other income (expense), net	(17,103)	(17,658)	(794)
Income before income taxes and equity in earnings of affiliated companies	275,080	305,163	284,752
Provision for income taxes	65,164	79,903	(234,356)
Equity in earnings of affiliated companies	11,003	2,539	2,365
Net income	220,919	227,799	521,473
Less - Net income attributable to noncontrolling interests	1,413	(5,214)	(2,589)
Net income attributable to Toyota Motor Corporation	¥ 222,332	¥ 222,585	¥ 518,884

Segment data (Statement of Cash

Segment data (Statement of Cash Flows - Non-financial Services and Financial Services Businesses) (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities
Net income	¥ 2,142,329	¥ 1,985,587	¥ 2,586,106
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation	1,605,383	1,792,375	1,734,033
Provision (reversal) for doubtful accounts and credit losses	142,982	80,065	76,069
Pension and severance costs, less payments	15,699	31,645	4,286
Losses on disposal of fixed assets	56,913	35,902	35,289
Unrealized losses (gains) on securities	20,082	339,472	846
Deferred income taxes	192,147	(86,594)	(237,961)
Equity in earnings of affiliated companies	(271,152)	(360,066)	(470,083)
Changes in operating assets and liabilities, and other	(313,740)	(51,789)	494,543
Net cash provided by operating activities	3,590,643	3,766,597	4,223,128
Cash flows from investing activities
Additions to finance receivables	(16,896,588)	(15,884,610)	(15,058,516)
Collection of and proceeds from sales of finance receivables	15,667,462	14,859,103	14,046,312
Additions to fixed assets excluding equipment leased to others	(1,407,832)	(1,452,725)	(1,291,117)
Additions to equipment leased to others	(2,187,299)	(2,286,162)	(2,307,590)
Proceeds from sales of fixed assets excluding equipment leased to others	48,751	65,437	71,820
Proceeds from sales of equipment leased to others	1,391,215	1,385,074	1,211,272
Purchases of marketable securities and security investments	(2,413,087)	(1,840,355)	(3,052,916)
Proceeds from sales of and maturity of marketable securities and security investments	2,370,406	2,698,798	2,523,538
Payment for additional investments in affiliated companies, net of cash acquired	(14,763)	5,010	(576)
Changes in investments and other assets, and other	290,874	(246,811)	197,681
Net cash used in investing activities	(3,150,861)	(2,697,241)	(3,660,092)
Cash flows from financing activities
Proceeds from issuance of long-term debt	5,691,499	5,000,921	4,793,939
Payments of long-term debt	(4,424,923)	(4,442,232)	(4,452,338)
Increase (decrease) in short-term borrowings	291,623	164,282	347,738
Dividends paid to Toyota Motor Corporation class shareholders	(11,186)	(8,690)	(6,194)
Dividends paid to Toyota Motor Corporation common shareholders	(618,801)	(636,116)	(620,698)
Dividends paid to noncontrolling interests	(54,945)	(69,367)	(63,764)
Reissuance (repurchase) of treasury stock	(476,129)	(549,637)	(447,818)
Net cash provided by (used in) financing activities	397,138	(540,839)	(449,135)
Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents	(131,245)	(41,641)	(43,588)
Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents	705,675	486,876	70,313
Cash and cash equivalents and restricted cash and cash equivalents at beginning of year	3,706,515	3,219,639	3,149,326
Cash and cash equivalents and restricted cash and cash equivalents at end of year	4,412,190	3,706,515	3,219,639
Non Financial Services Businesses
Cash flows from operating activities
Net income	1,921,378	1,757,765	2,064,634
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation	861,673	1,033,528	1,010,972
Provision (reversal) for doubtful accounts and credit losses	5,689	(1,375)	(74)
Pension and severance costs, less payments	14,880	30,477	5,027
Losses on disposal of fixed assets	54,549	33,676	35,010
Unrealized losses (gains) on securities	21,069	338,626	459
Deferred income taxes	193,438	(110,346)	64,143
Equity in earnings of affiliated companies	(260,149)	(357,527)	(467,718)
Changes in operating assets and liabilities, and other	(305,705)	(17,488)	205,434
Net cash provided by operating activities	2,506,822	2,707,336	2,917,887
Cash flows from investing activities
Additions to fixed assets excluding equipment leased to others	(1,377,238)	(1,435,964)	(1,276,788)
Additions to equipment leased to others	(155,601)	(137,314)	(155,114)
Proceeds from sales of fixed assets excluding equipment leased to others	47,488	63,955	70,755
Proceeds from sales of equipment leased to others	49,913	60,657	63,402
Purchases of marketable securities and security investments	(2,236,585)	(1,737,107)	(2,273,805)
Proceeds from sales of and maturity of marketable securities and security investments	2,245,119	2,255,635	1,762,189
Payment for additional investments in affiliated companies, net of cash acquired		5,010	(576)
Changes in investments and other assets, and other	(18,895)	(268,946)	260,015
Net cash used in investing activities	(1,445,799)	(1,194,074)	(1,549,922)
Cash flows from financing activities
Proceeds from issuance of long-term debt	235,080	286,085	212,387
Payments of long-term debt	(130,695)	(142,556)	(170,072)
Increase (decrease) in short-term borrowings	51,406	49,161	(122,222)
Dividends paid to Toyota Motor Corporation class shareholders	(11,186)	(8,690)	(6,194)
Dividends paid to Toyota Motor Corporation common shareholders	(618,801)	(636,116)	(620,698)
Dividends paid to noncontrolling interests	(54,945)	(69,367)	(63,764)
Reissuance (repurchase) of treasury stock	(476,129)	(549,637)	(447,818)
Net cash provided by (used in) financing activities	(1,005,270)	(1,071,120)	(1,218,381)
Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents	(71,467)	(42,454)	(16,124)
Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents	(15,714)	399,688	133,460
Cash and cash equivalents and restricted cash and cash equivalents at beginning of year	2,790,212	2,390,524	2,257,064
Cash and cash equivalents and restricted cash and cash equivalents at end of year	2,774,498	2,790,212	2,390,524
Financial Services Business
Cash flows from operating activities
Net income	220,919	227,799	521,473
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation	743,710	758,847	723,061
Provision (reversal) for doubtful accounts and credit losses	137,293	81,440	76,143
Pension and severance costs, less payments	819	1,168	(741)
Losses on disposal of fixed assets	2,364	2,226	279
Unrealized losses (gains) on securities	(987)	846	387
Deferred income taxes	(1,305)	23,742	(302,103)
Equity in earnings of affiliated companies	(11,003)	(2,539)	(2,365)
Changes in operating assets and liabilities, and other	(46,610)	15,557	312,828
Net cash provided by operating activities	1,045,200	1,109,086	1,328,962
Cash flows from investing activities
Additions to finance receivables	(26,668,185)	(26,000,249)	(25,153,088)
Collection of and proceeds from sales of finance receivables	25,557,953	24,925,930	24,117,335
Additions to fixed assets excluding equipment leased to others	(30,594)	(16,761)	(14,329)
Additions to equipment leased to others	(2,031,698)	(2,148,848)	(2,152,476)
Proceeds from sales of fixed assets excluding equipment leased to others	1,263	1,482	1,065
Proceeds from sales of equipment leased to others	1,341,302	1,324,417	1,147,870
Purchases of marketable securities and security investments	(176,502)	(103,248)	(779,111)
Proceeds from sales of and maturity of marketable securities and security investments	125,287	443,163	761,349
Payment for additional investments in affiliated companies, net of cash acquired	(14,763)
Changes in investments and other assets, and other	(20,037)	(4,130)	(106,597)
Net cash used in investing activities	(1,915,974)	(1,578,244)	(2,177,982)
Cash flows from financing activities
Proceeds from issuance of long-term debt	5,466,618	4,747,506	4,666,579
Payments of long-term debt	(4,335,145)	(4,336,250)	(4,314,294)
Increase (decrease) in short-term borrowings	520,468	144,277	461,052
Net cash provided by (used in) financing activities	1,651,941	555,533	813,337
Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents	(59,778)	813	(27,464)
Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents	721,389	87,188	(63,147)
Cash and cash equivalents and restricted cash and cash equivalents at beginning of year	916,303	829,115	892,262
Cash and cash equivalents and restricted cash and cash equivalents at end of year	¥ 1,637,692	¥ 916,303	¥ 829,115

Net revenues (Summary of Net Re

Net revenues (Summary of Net Revenues from External Customers by Business and by Product Category) (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Total net revenues	¥ 29,929,992	¥ 30,225,681
Product [Member]
Disaggregation of Revenue [Line Items]
Total net revenues	27,759,749	28,105,338
Product [Member] \| Vehicles
Disaggregation of Revenue [Line Items]
Total net revenues	22,852,916	23,066,190
Product [Member] \| Parts and Components for Overseas Production
Disaggregation of Revenue [Line Items]
Total net revenues	603,928	625,483
Product [Member] \| Parts and Components for After Service
Disaggregation of Revenue [Line Items]
Total net revenues	2,103,478	2,093,437
Product [Member] \| Other
Disaggregation of Revenue [Line Items]
Total net revenues	1,274,163	1,249,382
Product [Member] \| Automotive
Disaggregation of Revenue [Line Items]
Total net revenues	26,834,485	27,034,492
Product [Member] \| All Other
Disaggregation of Revenue [Line Items]
Total net revenues	925,264	1,070,846
Financial Services
Disaggregation of Revenue [Line Items]
Total net revenues	¥ 2,170,243	¥ 2,120,343

Net revenues (Summary of lease

Net revenues (Summary of lease income) (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disclosure Of Lease Income [Line Items]
Financial income related to net lease investment	¥ 98,865	¥ 91,703
Operating leases	1,051,804	1,056,080
Total	¥ 1,150,669	¥ 1,147,783

Net revenues - Additional Infor

Net revenues - Additional Information (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Revenue	¥ 29,929,992	¥ 30,225,681
Contract with customer liability reclassified to revenue	366,655	336,206
Revenue remaining performance obligation	589,844
Insurance Revenues
Disaggregation of Revenue [Line Items]
Revenue remaining performance obligation	223,754
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-04-01 \| Insurance Revenues
Disaggregation of Revenue [Line Items]
Revenue remaining performance obligation	¥ 65,168
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-04-01 \| Insurance Revenues \| Minimum
Disaggregation of Revenue [Line Items]
Revenue remaining performance obligation, period of recognition	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-04-01 \| Insurance Revenues \| Maximum
Disaggregation of Revenue [Line Items]
Revenue remaining performance obligation, period of recognition	120 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-04-01 \| Insurance Revenues
Disaggregation of Revenue [Line Items]
Revenue remaining performance obligation	¥ 158,586
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-04-01 \| Maintenance Revenue \| Minimum
Disaggregation of Revenue [Line Items]
Revenue remaining performance obligation, period of recognition	18 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-04-01 \| Maintenance Revenue \| Maximum
Disaggregation of Revenue [Line Items]
Revenue remaining performance obligation, period of recognition	84 months
Accounting Standards Update 2014-09
Disaggregation of Revenue [Line Items]
Revenue	¥ 85,192	¥ 84,230

Net revenues (Summary of Contra

Net revenues (Summary of Contract Liabilities) (Detail) - JPY (¥) ¥ in Millions	Mar. 31, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Contract liabilities	¥ 691,954	¥ 675,018

Per share amounts (Reconciliati

Per share amounts (Reconciliations of Differences Between Basic and Diluted Net Income Attributable to Toyota Motor Corporation Per Common Share) (Detail) - JPY (¥) ¥ / shares in Units, shares in Thousands, ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share Disclosure [Line Items]
Net income attributable to Toyota Motor Corporation	¥ 2,076,183	¥ 1,882,873	¥ 2,493,983
Accretion to Mezzanine equity	(4,850)	(4,850)	(4,849)
Dividends to Toyota Motor Corporation Model AA Class Shareholders	(12,434)	(9,938)	(7,442)
Net income attributable to Toyota Motor Corporation, basic	2,058,899	1,868,085	2,481,692
Effect of dilutive securities
Model AA Class Shares	17,284	14,788	12,291
Assumed exercise of dilutive stock options		0	(4)
Net income attributable to Toyota Motor Corporation, diluted	¥ 2,076,183	¥ 1,882,873	¥ 2,493,979
Weighted-average shares, basic	2,798,918	2,871,534	2,947,365
Effect of dilutive securities
Model AA Class Shares	47,100	47,100	47,100
Assumed exercise of dilutive stock options		40	301
Weighted-average shares, diluted	2,846,018	2,918,674	2,994,766
Net income attributable to Toyota Motor Corporation per share, basic	¥ 735.61	¥ 650.55	¥ 842
Net income attributable to Toyota Motor Corporation per share, diluted	¥ 729.50	¥ 645.11	¥ 832.78

Per share amounts (Toyota Motor

Per share amounts (Toyota Motor Corporation Shareholders' Equity Per Share) (Detail) - JPY (¥) ¥ / shares in Units, shares in Thousands, ¥ in Millions	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Total Toyota Motor Corporation shareholders' equity	¥ 20,060,618	¥ 19,348,152
Common shares issued and outstanding at the end of the year (excluding treasury stock)	2,766,153	2,832,439
Toyota Motor Corporation shareholders' equity per share	¥ 7,252.17	¥ 6,830.92

Fair value measurements (Fair V

Fair value measurements (Fair Values of Assets and Liabilities Measured at Fair Value on Recurring Basis) (Detail) - JPY (¥) ¥ in Millions	Mar. 31, 2020	Mar. 31, 2019
Assets
Derivative financial instruments	¥ 503,826	¥ 200,333
Liabilities
Derivative financial instruments	(437,008)	(231,915)
Fair Value, Measurements, Recurring
Assets
Cash equivalents	1,303,306	843,393
Time deposits	350,000	520,000
Derivative financial instruments	503,826	200,333
Total	9,783,370	9,858,713
Liabilities
Derivative financial instruments	(437,008)	(231,915)
Total	(437,008)	(231,915)
Fair Value, Measurements, Recurring \| Public and Corporate Bonds
Assets
Marketable securities and other securities investments	5,411,299	5,846,189
Fair Value, Measurements, Recurring \| Common stocks
Assets
Marketable securities and other securities investments	1,895,690	2,154,951
Fair Value, Measurements, Recurring \| Other Investments
Assets
Marketable securities and other securities investments	221,562	195,396
Fair Value, Measurements, Recurring \| Investments
Assets
Marketable securities and other securities investments	97,687	98,451
Level 1 \| Fair Value, Measurements, Recurring
Assets
Cash equivalents	711,106	249,193
Total	6,015,654	6,972,076
Level 1 \| Fair Value, Measurements, Recurring \| Public and Corporate Bonds
Assets
Marketable securities and other securities investments	3,214,773	4,378,543
Level 1 \| Fair Value, Measurements, Recurring \| Common stocks
Assets
Marketable securities and other securities investments	1,895,690	2,154,951
Level 1 \| Fair Value, Measurements, Recurring \| Other Investments
Assets
Marketable securities and other securities investments	194,085	189,389
Level 2 \| Fair Value, Measurements, Recurring
Assets
Cash equivalents	592,200	594,200
Time deposits	350,000	520,000
Derivative financial instruments	503,826	200,256
Total	3,657,198	2,772,938
Liabilities
Derivative financial instruments	(437,008)	(231,915)
Total	(437,008)	(231,915)
Level 2 \| Fair Value, Measurements, Recurring \| Public and Corporate Bonds
Assets
Marketable securities and other securities investments	2,183,695	1,452,475
Level 2 \| Fair Value, Measurements, Recurring \| Other Investments
Assets
Marketable securities and other securities investments	27,477	6,007
Level 3 \| Fair Value, Measurements, Recurring
Assets
Derivative financial instruments		77
Total	12,831	15,248
Liabilities
Derivative financial instruments	0
Total	0
Level 3 \| Fair Value, Measurements, Recurring \| Public and Corporate Bonds
Assets
Marketable securities and other securities investments	¥ 12,831	¥ 15,171

Fair value measurements - Addit

Fair value measurements - Additional Information (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Level 3
Fair Value Measurements [Line Items]
Finance receivables, fair value	¥ 50,850	¥ 58,611
Level 3 \| Financing receivable
Fair Value Measurements [Line Items]
Fair value, assets measured on nonrecurring basis, gain (loss)	¥ 3,761	¥ (3,305)
Japanese bonds \| Available-for-sale Securities \| Public and Corporate Bonds
Fair Value Measurements [Line Items]
Percentage of Assets	20.00%	17.00%
U.S., European and other bonds \| Available-for-sale Securities \| Public and Corporate Bonds
Fair Value Measurements [Line Items]
Percentage of Assets	80.00%	83.00%
Japan \| Available-for-sale Securities \| Common stocks
Fair Value Measurements [Line Items]
Percentage of Assets	90.00%	91.00%
Maximum
Fair Value Measurements [Line Items]
Cash equivalents maturity period	3 months
Maximum \| Level 2 \| Cash Equivalents
Fair Value Measurements [Line Items]
Negotiable certificate of deposit original maturities	3 months
Maximum \| Level 2 \| Time Deposit
Fair Value Measurements [Line Items]
Negotiable certificate of deposit original maturities	3 months

Fair value measurements (Change

Fair value measurements (Changes in Level 3 Assets and Liabilities Measured at Fair Value on Recurring Basis) (Detail) - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance at beginning of year	¥ 10,364	¥ 5,276	¥ 1,425
Total gains (losses)
Included in income (loss)	(346)	3,170	822
Included in other comprehensive income (loss)	(671)	82	(12)
Purchases and issuances	5,305	5,254	3,860
Settlements	(1,624)	(3,659)	(419)
Other	(197)	241	(400)
Balance at end of year	12,831	10,364	5,276
Derivative financial instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance at beginning of year	77	(2,212)	(7,522)
Total gains (losses)
Included in income (loss)		3,169	805
Settlements	(77)	(784)	4,320
Other		(96)	185
Balance at end of year		77	(2,212)
Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance at beginning of year	10,287	7,488	8,947
Total gains (losses)
Included in income (loss)	(346)	1	17
Included in other comprehensive income (loss)	(671)	82	(12)
Purchases and issuances	5,305	5,254	3,860
Settlements	(1,547)	(2,875)	(4,739)
Other	(197)	337	(585)
Balance at end of year	¥ 12,831	¥ 10,287	¥ 7,488

Significant subsequent events -

Significant subsequent events - Additional Information (Detail) ¥ in Millions	Apr. 30, 2020JPY (¥)
Subsequent event \| Multiple domestic financial institutions
Debt instrument face amount	¥ 1,250,000