Skip to Content

Toyota Motor Corp ADR TM Stock Quote

| Rating as of

Morningstar‘s Stock Analysis TM

Valuation
Currency in USD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Toyota Is Spending JPY 8 Trillion on Electrification

Business Strategy and Outlook

| David Whiston, CFA, CPA, CFE |

Toyota's vision includes making compact cars a priority for emerging markets with attractive design but lower costs, having designers and engineers as equal partners, and scale from the Toyota New Global Architecture, which develops many vehicles using common parts, something critical for Toyota to keep pace with the likes of Volkswagen. A big change on the parts side is that the company uses more parts on a global standard as opposed to Toyota-specific standards. The long-term goal is for vehicles that share a platform to have 70%-80% common parts. We think giving local designers more control is finally letting Toyota make more exciting vehicles. Toyota is thinking about the future with its Monet autonomous vehicle services joint venture with SoftBank and other Japanese automakers, such as Honda, its battery joint venture with Panasonic, and Woven City, a laboratory city of the future in Japan run on hydrogen fuel cells. Toyota is working on solid state batteries and has an JPY 8 trillion electrified vehicle plan (includes hybrids) for 2022-30.

Unlock Our Full Analysis With Morningstar Investor

Key Statistics TM

Company Profile TM

Business Description

Founded in 1937, Toyota is one of the world's largest automakers with 10.38 million units sold at retail in fiscal 2022 across its light vehicle brands. Brands include Toyota, Lexus, Daihatsu, and truck maker Hino; market share in Japan is about 51%, while U.S. share is over 15%. The firm also owns large stake in Denso, a parts supplier, about 20% of Subaru, and holds investments in many other firms, including shares of Uber Technologies, Joby Aviation, DiDi Global, Aurora Innovation, and about 5% in each of Mazda and Suzuki. Fiscal 2022 sales excluding financial services were JPY 29.1 trillion. Toyota also has a financing arm and manufactures homes and boats.

Contact
1 Toyota-cho, Aichi Prefecture
Toyota, 471-8571, Japan
T +81 565282121
Industry Auto Manufacturers
Most Recent Earnings Jun 30, 2022
Fiscal Year End Mar 31, 2023
Employees 376,971

Related News TM