Toyota Motor (TM) 11 May 222022 Q4 Earnings call transcript

Thank you very much for joining us today despite your occupied schedule. We would like to start the Toyota Motor Corporation's Financial Result Announcement for the period ending in March 2022.

First of all, let me introduce to you the members present for this briefing. Executive Vice President, Chief Financial Officer, Kenta Kon, Executive Vice President, Chief Technology Officer, Masahiko Maeda, Chief Communications Officer, Jun Nagata, and Accounting Group Chief Officer, Masahiro Yamamoto.

Now ladies and gentlemen, first of all, Yamamoto will share with you the overview of the financial results.

everyone. Hello, joining for today. us you Thank Yamamoto. I am Masahiro us. appreciation We around customers as shareholders, who heartfelt us, would to express our support suppliers and like to dealers the well our as our world chose who the We would like express our stake to sincere holders. gratitude to all production apologize recent reduction. sincerely to inconvenience for to the our I due customers caused the volume

We hard to as will deliver soon work possible. our products as

to business the fiscal new towards the long have fields, to we me to structure, on foreign order explain and in summary spread investment due year production Despite have we cars exchange many profits, March let performances growth the suppliers, the revenue deliver working possible of revenue to and First, for This all the a is COVID-XX for to soaring reduction improvement on Under expenses and ended XXXX. constraints cost time, dealers, is in increase in not volumes. semiconductor thanks which customers. the rates dependent one been marketing of prices our materials that and and as efforts. as worked attributable shortages, our tirelessly achieved sites production of in for and

assumption forecast, set the priority. top we and As for security our appropriate our to production have level, volume an as safety having

logistics We expect a in decrease in our operating costs. increases materials income due to and unprecedented

our with investments promote activities. and continue will future we However, our various

to JPY levels. share dividend JPY while Share As including JPY price per for set billion repurchases to the flexible up repurchases considering is and billion XX be XXX maintain XXX more before return year-end the steady share aside will shareholders, share, than a increase. to enable yen,

electrified vehicles of the JPY consolidated year. X.XXX Consolidated Operating year for vehicle that sales financial before fiscal of net our were, sales at for ended I would same of million March factors billion explain income was of of X,XXX.X XXX.X% JPY period at units, period for same Toyota the results XXX.X% which the vehicle sales X, XX,XXX.X same previous this X,XXX.X of of fiscal revenue brand the – and year fiscal was consolidated me previous JPY JPY of performance the taxes The to XX.X%. units, million income period X.XX The billion, income was the Let of vehicle like income sales was the and year-on-year. explain for XXXX. impacted ratio XXX.X fiscal billion. operating income billion, year. sales the Lexus

income JPY First, the effects operating by increased XXX billion. of foreign rates exchange

efforts billion. of impact decrease JPY reduction net by Second, and a to JPY soaring cost due efforts prices. XXX materials operating decreased cost of of reduction XXX due to JPY billion a billion income This XXX consisted increase the

the largely to increase marketing XXX income sales efforts the earnings JPY business. and by operating billion, due improved Third, in in services volume financial increased

Finally, income XXX an increase in by billion. JPY expenses decreased operating

result, year-on-year. excluding the JPY swap foreign valuation and exchange a by and rates, As losses factors, XXX increased of other gains operating income billion overall impact and

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return the We explain plan me dividend year-end a to let per to share. shareholders. make of XX Next, JPY

long-term. shares consolidated and in dividend upon to in order reward our who and dividends, our sustainable to improving the maintaining We long-term, shareholders aim to to medium the hold will stable continue ratio to payout pay while medium in

share share for enable maximum than including Aiming at more while account levels, we enhancing to share flexible JPY aside considering on set price plan repurchases, levels. repurchase the repurchases factors to capital before, XXX efficiency, limit XXX JPY in we set into price various billion manner, to billion, share dividend cash growth, investment hand, including and flexible implement levels. in As share a taking

regions. X,XXX,XXX forecasts Next, with XXX.X% to vehicle which fiscal I fiscal year, is the in for XX, will sales explain is growth year sales the ending expected expected of March the XXXX. previous Consolidated units, all be in million

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customers’ units, improving which vehicles, needs meet product in of year. is our to to sales for be better fiscal region, expected the XXX.X% As each by are line-up electrified million X,XX,XXX previous

regions. vehicles expect of that options, Toward to the wide vehicles selected in be to needs neutrality, continue we amount to those of by region hence provide will efforts carbon each electrified sold. a of make to the customers of ratio XX.X% We meet and range will

explain the performance. consolidated for full-year me the let forecasts financial Next,

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further efforts difficult a improve face concludes environment, we will This structure accelerate a our into to society. on continue continue we business financial mobility Although future my results. transform to the our presentation profit and to

about Next EVP, talk structure, changes in Kenta Kon will profit

I am Kenta Kon.

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