Toyota Motor Corp Files 20-F Annual Report

TL;DR

Toyota dropped its 20-F. All looks good.

AI Summary

Toyota Motor Corp filed its annual report on Form 20-F on June 25, 2024, for the fiscal year ending March 31, 2024. The report details the company's financial performance and business operations. Toyota Motor Corp is headquartered in Toyota City, Japan, with a US mailing address in Plano, Texas.

Why It Matters

This filing provides investors with a comprehensive overview of Toyota's financial health and strategic direction for the past fiscal year, influencing investment decisions.

Risk Assessment

Risk Level: low — This is a routine annual filing for a large, established company and does not contain any immediate red flags.

Key Numbers

• 2024-03-31 — Fiscal Year End (The report covers the fiscal year ending on this date.)
• 2023-03-31 — Previous Fiscal Year End (Provides a comparison point for financial performance.)
• 2022-03-31 — Prior Fiscal Year End (Offers further historical financial data.)

Key Players & Entities

• TOYOTA MOTOR CORP/ (company) — Filer
• 0001094517 (company) — Central Index Key
• MOTOR VEHICLES & PASSENGER CAR BODIES (industry) — Standard Industrial Classification
• 81-565-28-2121 (phone) — Business Phone
• TOYOTA MOTOR SALES USA INC (company) — Mail Address Recipient
• 6565 HEADQUARTERS DRIVE W1-3A (address) — Mail Address Street 2
• PLANO (city) — Mail Address City
• TX (state) — Mail Address State
• 75024 (zip) — Mail Address Zip
• 20240331 (date) — Conformed Period of Report

FAQ

Filing Documents

• d807954d20f.htm (20-F) — 7750KB
• d807954dex12.htm (EX-1.2) — 103KB
• d807954dex121.htm (EX-12.1) — 20KB
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• d807954dex191.htm (EX-19.1) — 83KB
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• 0001193125-24-167462.txt ( ) — 34194KB
• tm-20240331.xsd (EX-101.SCH) — 204KB
• tm-20240331_cal.xml (EX-101.CAL) — 137KB
• tm-20240331_def.xml (EX-101.DEF) — 750KB
• tm-20240331_lab.xml (EX-101.LAB) — 1112KB
• tm-20240331_pre.xml (EX-101.PRE) — 986KB
• d807954d20f_htm.xml (XML) — 8321KB

RISK FACTORS

RISK FACTORS 1 ITEM 4. INFORMATION ON THE COMPANY 7 4.A HISTORY AND DEVELOPMENT OF THE COMPANY 7 4.B BUSINESS OVERVIEW 7 4.C ORGANIZATIONAL STRUCTURE 68 4.D PROPERTY, PLANTS AND EQUIPMENT 69 ITEM 4A. UNRESOLVED STAFF COMMENTS 70 ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS 71 5.A OPERATING RESULTS 71 5.B LIQUIDITY AND CAPITAL RESOURCES 94 5.C RESEARCH AND DEVELOPMENT, PATENTS AND LICENSES 98 5.D TREND INFORMATION 100 5.E CRITICAL ACCOUNTING ESTIMATES 100 ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES 100 6.A DIRECTORS AND SENIOR MANAGEMENT 100 6.B COMPENSATION 107 6.C BOARD PRACTICES 116 6.D EMPLOYEES 117 6.E SHARE OWNERSHIP 118 6.F DISCLOSURE OF A REGISTRANT'S ACTION TO RECOVER ERRONEOUSLY AWARDED COMPENSATION 119 ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS 119 7.A MAJOR SHAREHOLDERS 119 7.B RELATED PARTY TRANSACTIONS 120 7.C INTERESTS OF EXPERTS AND COUNSEL 121 ITEM 8. FINANCIAL INFORMATION 121 8.A CONSOLIDATED STATEMENTS AND OTHER FINANCIAL INFORMATION 121 8.B SIGNIFICANT CHANGES 123 ITEM 9. THE OFFER AND LISTING 123 9.A LISTING DETAILS 123 9.B PLAN OF DISTRIBUTION 123 9.C MARKETS 123 9.D SELLING SHAREHOLDERS 123 9.E

DILUTION

DILUTION 123 9.F EXPENSES OF THE ISSUE 123 ITEM 10. ADDITIONAL INFORMATION 123 10.A SHARE CAPITAL 123 10.B MEMORANDUM AND ARTICLES OF ASSOCIATION 124 10.C MATERIAL CONTRACTS 130 Table of Contents Page 10.D EXCHANGE CONTROLS 130 10.E TAXATION 135 10.F DIVIDENDS AND PAYING AGENTS 141 10.G 141 10.H DOCUMENTS ON DISPLAY 141 10.I SUBSIDIARY INFORMATION 141 10.J ANNUAL REPORT TO SECURITY HOLDERS 141 ITEM 11.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 141 ITEM 12.

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 142 12.A DEBT SECURITIES 142 12.B WARRANTS AND RIGHTS 142 12.C OTHER SECURITIES 142 12.D AMERICAN DEPOSITARY SHARES 142 ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 144 ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS 144 ITEM 15.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 144 ITEM 16. [RESERVED] 145 ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT 145 ITEM 16B. CODE OF ETHICS 145 ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES 146 ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES 147 ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS 147 ITEM 16F. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT 148 ITEM 16G. CORPORATE GOVERNANCE 148 ITEM 16H. MINE SAFETY DISCLOSURE 152 ITEM 16I. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 152 ITEM 16J. INSIDER TRADING POLICIES 153 ITEM 16K. CYBERSECURITY 153 ITEM 17.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 156 ITEM 18.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 156 ITEM 19. EXHIBITS 157 Table of Contents As used in this annual report, the term "fiscal" preceding a year means the twelve-month period ended March 31 of the year referred to. All other references to years refer to the applicable calendar year unless the context otherwise requires. Unless the context otherwise requires or as otherwise expressly stated, references in this prospectus supplement to "TMC" refers to Toyota Motor Corporation, "Toyota," "we," "us," "our" and similar terms refer to Toyota Motor Corporation and its consolidated subsidiaries, as a group, and as of March 31, 2024, "Toyota Group" refers to Toyota Motor Corporation, Toyota Industries Corporation, Aichi Steel Corporation, JTEKT CORPORATION, Toyota Auto Body Co., Ltd., Toyota Tsusho Corporation, AISIN CORPORATION, DENSO Corporation, TOYOTA BOSHOKU CORPORATION, TOYOTA FUDOSAN CO., LTD., TOYOTA CENTRAL R&D LABS., INC., Toyota Motor East Japan, Inc., Toyoda Gosei Co., Ltd., Hino Motors, Ltd., Daihatsu Motor Co., Ltd., Toyota Housing Corporation, Toyota Motor Kyushu, Inc. and Woven by Toyota, Inc, collectively. Toyota's consolidated financial statements in this annual report have been prepared in accordance with IFRS Accounting Standards, as issued by the International Accounting Standards Board ("IASB"). IFRS Accounting Standards also includes International Accounting Standards ("IASs") and the related interpretations of the interpretations committees (SIC and IFRIC). As such, we make an explicit and unreserved statement of compliance with IFRS Accounting Standards with respect to our consolidated financial statements as of and for the fiscal years ended March 31, 2022, 2023 and 2024 included in this annual report. CAUTIONARY STATEMENT WITH RESPECT TO FORWARD-LOOKING STATEMENTS Written forward-looking statements may appear in documents filed with the SEC, including this annual report, documents incorporated by reference, reports to shareholders and other commu

View Full Filing

View this 20-F filing on SEC EDGAR