Toyota Financial Results for 2021 Revealed

by Jason R. Sakurai

Published: May 21st, 2021

toyota financial results for 2021 revealed

Last week, Toyota financial results for the fiscal year that ended March 31st were announced. Vehicle sales totaled 7,646,000, a decrease of 1,309,000 units, or a little less than 15 percent compared to the previous fiscal year.

Net revenue was $256.7 billion, an 8.8 percent decrease. Operating income decreased from $22.6 billion to $20.7 billion, while income before taxes amounted to $27.6 billion. Net income was up from $19.2 billion to $21.1 billion.

North American sales of 2,313,000 were down 400,000 from the year prior, while operating income rose by $866 million to $3.4 billion.

In Japan, Toyota sold 2,125,000 units, 115,000 fewer than in 2020. Here, operating income dropped by $4.1 billion to $10.8 billion.

Vehicle sales in Europe declined 70,000 units to 959,000, while operating income dropped $183.9 million to $1.0 billion.

Asian sales of 1,222,000 units fell by 378,000, while income rose $535.8 million to $4.1 billion.

Other regions totaled 1,027,000 vehicles, a 345,000 downturn. Operating income fell $106.6 million to $611.3 million.

Fiscal year predictions for 2022 are for a 13 percent increase to 8.7 million vehicles.

Net revenues would rise to $285.7 billion, while operating income rebounds to $23.8 billion. Net income before taxes will go up to $29.6 billion, and net income will advance to $21.9 billion.

Toyota financials aside, the company used this stage to address carbon neutrality in a prepared statement by Chief Digital Officer, James Kuffner. Toyota’s commitment is to achieving 100 percent carbon neutrality by 2050 or sooner, Kuffner stated.

Zero CO2 emissions throughout manufacturing, transporting, operating, fueling or charging, and recycling and disposing of vehicles is the goal.

Toyota offers a lineup of 55 electrified vehicles (EV) worldwide. Combined EV sales volume is more than 2 million vehicles per year.

Toyota’s total cumulative carbon emissions reduction has been 140 million tons over 20 years, equal to removing 1.5 million passenger vehicles every year.

Toyota will introduce 15 battery electric vehicle models globally by 2025, including seven recently-announced Toyota bZ models.

This is in addition to expanding and improving their lineup of hybrid electric vehicles (HEVs), plug-in hybrid vehicles (PHEVs), and fuel cell electric vehicles (FCEVs).

Toyota will make investments in new battery technology, such as solid state batteries, to support these products.

More than 1.4 billion vehicles are in operation worldwide, most with internal combustion engines (ICE). Toyota wants to clean up the world’s ICE vehicle fleet that will still be running for the next 10-15 years. I don’t foresee giving up my gas-powered vehicles as part of any clean-up effort, do you?

[Image: Toyota]

#AnnualReport #BEVs #CarbonNeutrality #ElectricVehicles #EVs #HEVs #NewVehicles #Toyota #ToyotaFinancial

Jason R. Sakurai

With a father who owned a dealership, I literally grew up in the business. After college, I worked for GM, Nissan and Mazda, writing articles for automotive enthusiast magazines as a side gig. I discovered you could make a living selling ad space at Four Wheeler magazine, before I moved on to selling TV for the National Hot Rod Association. After that, I started Roadhouse, a marketing, advertising and PR firm dedicated to the automotive, outdoor/apparel, and entertainment industries. Through the years, I continued writing, shooting, and editing. It keep things interesting.

More by Jason R. Sakurai

Comments

Join the conversation

3 of 9 comments

ToolGuy on May 22, 2021

"So, students, we see that Toyota's global volume dropped by ~15 percent while Revenue only dropped by ~9 percent. What does this tell us about revenue per unit? Yes Mary Barra, you have the answer? Jim Farley, I see you nodding furiously in the first row, but let's let Mary answer this time. Yes Jim, Platinum Trim has amazing margins - right - yes, Jim." "Rick Wagoner, hey been awhile, thanks for popping in but no, the answer is not 'Market Share' - are you even registered for this class?" "And then we see that Europe is barely worth the trouble... oh - Carlos Tavares - you disagree?"

Like Reply
Akear on May 25, 2021

Is there anything Toyota cannot do?

Like Reply
- 28-Cars-Later on May 25, 2021
  
  Hire a decent stylist.
  
  Like

Recent Comments

2ACL I have a soft spot for high-performance, shark-nosed Lancers (I considered the less-potent Ralliart during the period in which I eventually selected my first TL SH-AWD), but it's can be challenging to find a specimen that doesn't exhibit signs of abuse, and while most of the components are sufficiently universal in their function to service without manufacturer support, the SST isn't one of them. The shops that specialize in it are familiar with the failure as described by the seller and thus might be able to fix this one at a substantial savings to replacement. There's only a handful of them in the nation, however. A salvaged unit is another option, but the usual risks are magnified by similar logistical challenges to trying to save the original.I hope this is a case of the seller overvaluing the Evo market rather than still owing or having put the mods on credit. Because the best offer won't be anywhere near the current listing.
Peter Buying an EV from Toyota is like buying a Bible from Donald Trump. Don’t be surprised if some very important parts are left out.
Sheila I have a 2016 Kia Sorento that just threw a rod out of the engine case. Filed a claim for new engine and was denied…..due to a loop hole that was included in the Class Action Engine Settlement so Hyundai and Kia would be able to deny a large percentage of cars with prematurely failed engines. It’s called the KSDS Improvement Campaign. Ever hear of such a thing? It’s not even a Recall, although they know these engines are very dangerous. As unknowing consumers load themselves and kids in them everyday. Are their any new Class Action Lawsuits that anyone knows of?
Alan Well, it will take 30 years to fix Nissan up after the Renault Alliance reduced Nissan to a paltry mess.I think Nissan will eventually improve.
Alan This will be overpriced for what it offers.I think the "Western" auto manufacturers rip off the consumer with the Thai and Chinese made vehicles.A Chinese made Model 3 in Australia is over $70k AUD(for 1995 $45k USD) which is far more expensive than a similar Chinesium EV of equal or better quality and loaded with goodies.Chinese pickups are $20k to $30k cheaper than Thai built pickups from Ford and the Japanese brands. Who's ripping who off?